Neo-Survivalist

Amazing thread over at Zero Hedge today regarding the idea of purposefully running up debt and walking away from it, telling the banks to come and get it.  More Americans are getting frustrated with the oligarchy-like behavior of Wall St and Washington.  If the guys in charge don’t play by the rules, why should we?

People walking away from homes is no new thing, but purposefully ratcheting up credit card with no intention to pay is certainly a new development in today’s world of bailouts.  I personally am not going to implement this financial strategy in my own life, but I do not blame the people who are so frustrated that they are resorted to these tactics.  Heck, if I were single and unemployed, I’d probably consider it too.

The question becomes where does this lead?  Well, more losses on banks’ balance sheets have to be recognized one way or another (even with manipulative accounting rules).  Most likely, it means more monetization from the Fed which means inflation.  Boy, things are sure getting crazy even if the stock market continues to “recover”.

Take this as a reminder to at least own some gold, silver and precious metals.  Inflation will come at some point.

Financial Preparation

I’m a regular American with a mortgage, bills to pay, etc.  As such, I don’t have a great deal of extra spending money to allocate towards my “preps”.  The good thing is that you don’t need millions of dollars to take significant steps towards preparedness and self reliance.

For me, currently, I typically allocate $100 a month right now to build up my supplies.  This money might be allocated towards some bulk quantities of freeze dried foods or maybe some equipment such as candles, water purification tablets or maybe it goes towards ammunition.  Either way, as month after month goes by, you’ll quickly realize that you can build up a nice supply store with your set monthly budget.  The items will accumulate and you’ll start to feel fairly ready for some uncertain circumstances.

What is your monthly budget?  How do you determine how much to spend on your supplies each month?

Not mentioned here is allocating money toward gold and silver and other precious metals.  I believe this is also a big part of preparing.

Financial Preparation, General Preparedness