I’m no fan of Elon Musk. I see him as very intelligent, creative, and exceptionally good at getting his ideas off the ground with other people’s money. From what I can see he has not been truly profitable in any of his ventures. I suspect he would kiss Chairman Xi’s ass if told to do so for a more favorable arrangement and greater profits.
And how the hell does Tesla get approval for running on the roads with it’s horrendously bad track record of flaming batteries and accelerating auto-pilot malfunctions?
Having said all that, he is correct. Taxes are obscenely high. It’s called theft.
Mike AustinOctober 5, 2021, 12:49 PM
There are very few who would not “kiss Chairman Xi’s ass if told to do so for a more favorable arrangement and greater profits.” Money is a great temptation. It snared Judas.
And truth be told, the vast majority who have political and media power in the US have kowtowed—a Chinese word—to panda-faced Xi. Usually to money, though a few, like Eric Swalwell, have sold out America for 15 minutes of sexual pleasure with a Chinese whore. Swalwell was and is a cheap date.
As for “Taxes are obscenely high. It’s called theft.” Nope. Here is what you wrote corrected: “Taxes are obscene.” As for taxes being theft, well yes. Every government on earth steals from its populace. Every government on earth is, therefore, illegitimate. Therefore, a criminal. Therefore, begging destruction.
timOctober 4, 2021, 10:23 AM
Musk has benefitted from enormous subsidies so now he has to pay it back. I only feel sorry for those in that tax bracket that didn’t take a dime from us but still have to pay taxes at that rate.
If he doesn’t go full conservative capitalist, I have no use for him and his silver cars and dick spaceship. If he goes Stakeholder Capitalist, (comment redacted/ something to do with rope and a fast electric car…). I mean, I have no idea what he thinks. He opposed Trump in a couple of areas, but he shares your views and mine about the Covid-19 stupidity. My children think he’s awesome, because: tech.
The trouble is, if private ownership goes to hell, Mr. Musk, then all of your value goes with it. Today: happy oligarch; tomorrow: gulag toilet attendant.
Don’t get me started. I am particularly fed up with corporations right now. WA state is firing the un-vaxxed today, both corporate and state. I mean, if the corporations who operate in WA state had any daylight between themselves and the government, It’d be news. Their relationship makes LGBT sex look loose, if you get my drift.
SisuOctober 4, 2021, 11:04 AM
So are we at a point in history where we can admit that the Four were hypocrites, self satisfied by their wealth, arrogant from success (being of perfect understanding), progressives championing One World (no diversity, borders and religion), their open mindedness really just single minded of a different flavor, … Music progressed, but perhaps with the benefit of hindsight for many a reenactment of the “Pied Piper” (multi-colored, attention drawing outfits; taking children from parents; children never return; the story and its significance continue to evolve). https://www.ancient-origins.net/myths-legends/pied-piper-hamelin-001969
Mike AustinOctober 5, 2021, 11:53 AM
So you don’t like the Beatles. Ok then. Don’t listen to them.
Excuse me while I put “Rubber Soul” on my Rega P6 turntable.
Oh man, they’re the BEATLES, you, me we will never accomplish that! I see it differently, I believe it is the DUTY of every man and woman to lie cheat and steal every tax break you rate, every possible Penney you may have earned.
You don’t your screwing YOUR people. It’s nothing personal, it’s just the system. They lie, they cheat, they make shit up, you should too. If there’s a tax break or even better a pay roll break, seize it.
You rate a county or state tax break cuz you did your mil time, take it, you rate VA med care or dollars, don’t be shy take it.
Guys, it’s all part of the game of life, you don’t do the paperwork, you won’t see the dough or the breaks.
Your tax man isn’t digging for every single cent, fire his ass. As a matter of application, I change tax staff every five yrs max. They seem to get too comfortable with MY money. Wife’s uncles an estate attorney, he’s a outfight SHARK in the courtroom, I pick his brain often, “ GV he’s a Paradise alumnus, lost his office owned the mall owned the PGE office, lost everything.
His house in Durham just burned, “ electrical” some people have all the luck!
Everybody thinks these Tax dodges are for the rich and famous, bullshit, I’m not rich, and I’m infamous! Haha. I demand my tax lady dig for every red cent. I pay her well, to cheat the cheats in or govt!
Dirk
Mike AustinOctober 5, 2021, 12:24 PM
Tax avoidance is completely legal and moral:
“Tax avoidance is the practice of using the provisions of the Internal Revenue Code (IRC) to your advantage, reducing the amount of your taxes owed. It involves taking advantage of available loopholes in the IRC, and it’s perfectly legal.”
A man who did not try to lower his tax is a fool. If some poorly educated idiot has a problem with this, then let him vote in politicians who will eliminate “loopholes” and such. Good luck with that. Politicians write the tax laws to benefit themselves. Such parasites typically enter office as a member of the middle class. They leave as a member of the Patriciate worth millions. Gee, I wonder how?
You can always tell who is a poorly educated idiot on this issue because he says really ignorant and stupid things, like: “The rich should pay their fair share!” That’s a sure sign of an idiot. The classic example today is Alexandria Ocasio-Cortez. She has a degree in Economics and is amazingly and thoroughly and completely ignorant of Economics. That she graduated from Boston College says a lot about Boston College.
The illegal part of taxes is “tax evasion”:
“Tax evasion, on the other hand, is using illegal means to avoid paying taxes. Usually, tax evasion involves hiding or misrepresenting income. This might be underreporting income, inflating deductions without proof, hiding or not reporting cash transactions, or hiding money in offshore accounts.”
Now read that again and tell me which politicians do not practice these exact things. These got Capone tossed into Alcatraz, but other obvious proponents of them are as free as birds and as wealthy as Croesus. Think Pelosi. She is one out of thousands who rule over us.
Now shut up and pay your taxes.
ghostsniperOctober 5, 2021, 2:40 PM
Tax evasion.
Isn’t is just special, that the thief thinks he gets to set rules that you must follow.
The thief has no rules to follow and will steal all that you have and well into the future.
As with all criminal behavior, I say, there are no rules and your only goal is to win.
I will caution, however, the taxman is the most conniving criminal of all and will commit any number and level of crimes in it’s effort to cage or kill others. Deal with this extreme criminal with extreme caution and think way ahead.
Casey KlahnOctober 4, 2021, 11:32 AM
Let’s see. My comment might get doubled (due to the long delay review of it). Anyway, although my kids love Musk, because: tech! I keep a wary eye on him. I read that he holds the same views on the fake pandemic as I, to include supporting Chloroquine. He criticized Trump a bit, which is a human right but in this instance, we are talking about the only forceful leader in favor of America.
Let’s look at it this way: corporate America (Musk included) are, at present, so tightly up government’s ass that they’d make an LGBQ blush. We are staring down the re-ordering of Capitalism into a “Stakeholder” version, which is just another form of totalitarianism, IMO. If Musk doesn’t come out strongly for private property, he’s dead to me.
His views on the environment make me wonder at his supposed “genius”. The environment is nothing more than a cudgel meant to arouse the OCD amongst us.
Have a nice day.
Mike AustinOctober 4, 2021, 1:56 PM
I have nothing against Musk. A man has to make a living after all. I should add the obvious, that: 1. He is very intelligent; and 2. He is a high class grifter. His scam is to finagle the government to grant him hundreds of millions—“sustainable” cars and such—of which 100 percent come from a normal guy’s taxes. In other words, a normal guy pays for the Tesla, but he can never, ever afford one.
Nice work if you can get it.
VanderleunOctober 4, 2021, 2:23 PM
YOUR TAX DOLLARS AT WORK.
For you for a change.
ghostsniperOctober 4, 2021, 2:55 PM
When my son was working a job and living on his own I gave him the most valuable advise anyone can ever get. Advice that no one gave to me and I learned, mostly, on my own.
“Get your ass self employed.” Period.
It’s the only chance you have of controlling your money to your own benefit.
If you work a job your employer snatches a large portion of your earned coin before you even see it.
That’s outright theft, but you agreed to it in the beginning so you have no recourse.
If you are self employed you have no employer stealing your coin, you get to do with it what you want, entirely. If you want to give some to the gov’t you can, but you can learn, and set things up, so that you give them very little. Legally.
If you are over, say, 30 years old and still not self employed you are allowing yourself and your dependents to be robbed and you probably deserve it.
Work self employed, receive money only in cash, do not put your money in the banks.
And above all, find work that you truly enjoy to the point that you want to do it all the time.
Think of your favorite thing to do in the whole wide world and then getting paid $50/hr tax free to do it. Do that (I have) and you will find a freedom that most will never ever understand. Remember, this is the only life you’ll ever own and if you think you deserve to live it to the best of your ability, then you should do just that and without hesitation.
You are chanting my mantra. I ran screaming from a sign factory at age 18 and have been on my own ever since. That’s 47 years later. Working for yourself transforms the very molecules your brain is made of. I don’t think like an employee… which is slave-like thinking and behavior. 10 years of punching a clock and receiving a paycheck every Friday afternoon will corrupt and destroy you. Do it for 20, 30, 40 years and you’re a compliant zombie. Being told what to do, obeying every command, year after year after year? I can guarantee that self-employed people are not wearing masks while driving in their cars. Those are employees doing that. I only use my bank for money laundering. When the balance reaches $1,000 I get real nervous and syphon it off. I like keeping it around $100. Tell your son to buy gold, buy silver, build his own house, no credit cards, no debt, and truly, he’ll be living a life of freedom that most will never understand.
Mike AustinOctober 5, 2021, 1:27 PM
“Tell your son to buy gold, buy silver…”
Why? I have heard that statement in favor of bullion purchasing for decades. It is entirely fallacious. If gold, for example—I could have just as easily used silver or platinum—were really and truly a great investment, then why would anyone sell it? Those who market gold make all sorts of claims in its favor, the most popular being that “gold holds its value in time of economic crises.” Holds its value to whom? How does one use gold during such times? Imagine that a civil war has begun. An economic crisis ensues. You have gold. According to today’s gold marketeers you would be just fine. How, might I ask? Can you sell it? To whom? And how? Do you shave parts of it off to get stuff? How much?
There’s more:
1. When a man “buys” gold—let’s say using $50,000—he is most likely to receive a “certificate of ownership” not the actual metal. Hey! Tell you what! If you give me $50,000 I’ll give you pieces of paper!
2. If he does indeed receive metal, does he have the chemicals, the knowledge and the equipment to assay the metal? Can he tell without assaying his purchase if 90 percent of what he owns is nothing but lead.
3. Even if he receives actual gold, what then? It becomes just something else to guard and protect. Like your family.
4. Even if he finds someone to trade the gold for something else, does the buyer have the ability to assay the metal? How would you both come to an agreement about the purchasing power of your gold? If things have really gone to Hell, and your family of five had not eaten in a week, you would sell that $50,000 of gold for five hamburgers.
5. During some break down of society, how do you transport your gold to a place where you can sell it? There will be checkpoints at every block and crossroads. And when the charming folks who man these find gold on you? Good luck. And goodbye.
Let us speak of things as they are. Forget the chimera of bullion. You want to stock up on things that really hold value. And there is one: ammunition. Buy it now. Stock up now. And survive what’s coming.
VanderleunOctober 5, 2021, 2:29 PM
Think old US coins with real known amounts of silver in them. But bullets are still a good idea
ghostsniperOctober 5, 2021, 2:48 PM
Correct. I have purchased 90% silver US minted coins, dimes, quarters, halves, and dollars. easily convertible. Currently, a dime is worth almost $3.00. If, right now, you go to a store and try to buy something with silver US minted coins the idiot behind the counter will only accept the dime as 10 cents. Just this morning I read on a website about building a solar energy convertor the guy said when the time is right he will exchange 1 weeks of charging cellphones, batteries, etc., for 1 oz of 90% silver. Dollar values can easily be converted with basic math. It is only prudent to store precious metals as you can and in my case that means silver and lead.
Mike AustinOctober 5, 2021, 3:15 PM
“I have purchased 90% silver US minted coins, dimes, quarters, halves, and dollars. easily convertible.”
There are those words again: “easily convertible”. Today, certainly. During civil war? Convertible for what? Where? Once government ceases to function, of what use are “precious metals”?
One stable currency during the worst crises in History has been the wives and daughters of the starving. But let’s not go there.
ghostsniperOctober 6, 2021, 5:00 AM
Mike, currently you convert FRN’s for things you want. Silver and gold will do the same thing when the FRN’s become invalid. It is simply a vehicle for exchange. Like barter, but with versatility. I am currently researching for kits to validate the authenticity of silver and gold. bullion, etc.
Biden or Musk pissing away my tax dollars, the choice is obvious. It’s moot. There isn’t enough tax revenue being generated to keep this boat afloat. They’ll keep rearranging the deck chairs until they can’t.
Ghost I’ve been noodling your “ self employed” statement. No arguments, actually admire “ self made” .
From day one I’ve been a public employee, well almost. I guess what I’m stuck on is essentially the definition. My model is my grandparents great grandson etc etc. they were land speculators, owned and moved unknown amount of land, using the ranching farming tax laws.
I guess they were self employed, but they were also railroad “ PFE, PacificFruit Exchange, the old ice house, old school Railroad in Roseville Ca.
The interesting thing is the entire family invested in acreage together, I was not born yet, so I can’t say how it worked.
I do know at one point my grandparents were invested in Squaw Valley with some shit bags the Pelosi clan. My mom tells me that didn’t last long, they sold, and invested in Serene lakes, on top of inter state 80, before you drop into Truckee.
Our family cabins were there as far back as I can remember. Sold about 20 yrs ago, everybody’s getting out of calif. Mostly farm and ranch stuff north of Sacramento Rocklin Roseville, Lincoln, etc etc.
I like it when stuff here makes me think, dig deep. May not sound like to deep, I’m trying really hard to chart my family roots, for my great great great great grand children. Want to get our history right.
Real World Address for Donations, Mash Notes and Hate Mail
Gerard Van der Leun
1692 MANGROVE AVE
APT 379
Chico, Ca 95926
Green Pants Interior by Klahn
Who Am I? by Carl Sandburg
My head knocks against the stars.
My feet are on the hilltops.
My finger-tips are in the valleys and shores of universal life.
Down in the sounding foam of primal things I reach my hands and play with pebbles of destiny.
I have been to hell and back many times.
I know all about heaven, for I have talked with God.
I dabble in the blood and guts of the terrible.
I know the passionate seizure of beauty
And the marvelous rebellion of man at all signs reading “Keep Off.”
My name is Truth and I am the most elusive captive in the universe.
Duty, Beauty, Liberty, Country, Honor, Family, Faith — Plus a few simple easy to follow rules for guys
Men saw the stars at the edge of the sea
They thought great thoughts about liberty
Poets wrote down words that did fit
Writers wrote books
Thinkers thought about it
Take it where you find it
Can’t leave it alone
You will find a purpose
To carry it on
Mainly when you find it
Your heart will be strong
About it
Many’s the road I have walked upon
Many’s the hour between dusk and dawn
Many’s the time
Many’s the mile
I see it all now
Through the eyes of a child
Take it where you find it
Can’t leave it alone
You will find a purpose
To carry it on
Mainly when you find it
Your heart will be strong
About it
[Chorus]
Lost dreams and found dreams
In America
In America
In America
Lost dreams and found dreams
In America
In America
In America
And close your eyes
Leave it all for a while
Leave the world
And your worries behind
You will build on whatever is real
And wake up each day
To a new waking dream
Take it where you find it
Can’t leave it alone
You will find a purpose
To carry it on
Mainly when you find it
Your heart will be strong
About it
[Chorus]
Change, change come over
Change come over
Talkin’ about a change
Change, change
Change come over, now
Change, change, change come over
I’m gonna walk down the street
Until I see
My shining light
I’m gonna walk down the street
Until I see
My shining light
I’m gonna walk down the street
Until I see
My shining light
I’m gonna walk down the street
Until I see
My shining light
I see my light
See my light
See my shining light
I see my light
See my light
See my shining light
Gerard Van der Leun
Comments on this entry are closed.
It ain’t how much you pay, it’s how much you get.
teens, adenoidal, and the harmony is there-
https://m.youtube.com/watch?v=RuuOAA9ekbg
Wow. A long time ago. But it’s there.
I’m no fan of Elon Musk. I see him as very intelligent, creative, and exceptionally good at getting his ideas off the ground with other people’s money. From what I can see he has not been truly profitable in any of his ventures. I suspect he would kiss Chairman Xi’s ass if told to do so for a more favorable arrangement and greater profits.
And how the hell does Tesla get approval for running on the roads with it’s horrendously bad track record of flaming batteries and accelerating auto-pilot malfunctions?
Having said all that, he is correct. Taxes are obscenely high. It’s called theft.
There are very few who would not “kiss Chairman Xi’s ass if told to do so for a more favorable arrangement and greater profits.” Money is a great temptation. It snared Judas.
And truth be told, the vast majority who have political and media power in the US have kowtowed—a Chinese word—to panda-faced Xi. Usually to money, though a few, like Eric Swalwell, have sold out America for 15 minutes of sexual pleasure with a Chinese whore. Swalwell was and is a cheap date.
As for “Taxes are obscenely high. It’s called theft.” Nope. Here is what you wrote corrected: “Taxes are obscene.” As for taxes being theft, well yes. Every government on earth steals from its populace. Every government on earth is, therefore, illegitimate. Therefore, a criminal. Therefore, begging destruction.
Musk has benefitted from enormous subsidies so now he has to pay it back. I only feel sorry for those in that tax bracket that didn’t take a dime from us but still have to pay taxes at that rate.
Also, Elon thinks China is doing such a bang up job – https://nypost.com/2021/07/01/elon-musk-praises-chinas-economy-on-communist-partys-anniversary/ – he should be down with paying high, socialistic taxes.
If he doesn’t go full conservative capitalist, I have no use for him and his silver cars and dick spaceship. If he goes Stakeholder Capitalist, (comment redacted/ something to do with rope and a fast electric car…). I mean, I have no idea what he thinks. He opposed Trump in a couple of areas, but he shares your views and mine about the Covid-19 stupidity. My children think he’s awesome, because: tech.
The trouble is, if private ownership goes to hell, Mr. Musk, then all of your value goes with it. Today: happy oligarch; tomorrow: gulag toilet attendant.
Don’t get me started. I am particularly fed up with corporations right now. WA state is firing the un-vaxxed today, both corporate and state. I mean, if the corporations who operate in WA state had any daylight between themselves and the government, It’d be news. Their relationship makes LGBT sex look loose, if you get my drift.
So are we at a point in history where we can admit that the Four were hypocrites, self satisfied by their wealth, arrogant from success (being of perfect understanding), progressives championing One World (no diversity, borders and religion), their open mindedness really just single minded of a different flavor, … Music progressed, but perhaps with the benefit of hindsight for many a reenactment of the “Pied Piper” (multi-colored, attention drawing outfits; taking children from parents; children never return; the story and its significance continue to evolve). https://www.ancient-origins.net/myths-legends/pied-piper-hamelin-001969
So you don’t like the Beatles. Ok then. Don’t listen to them.
Excuse me while I put “Rubber Soul” on my Rega P6 turntable.
Oh man, they’re the BEATLES, you, me we will never accomplish that! I see it differently, I believe it is the DUTY of every man and woman to lie cheat and steal every tax break you rate, every possible Penney you may have earned.
You don’t your screwing YOUR people. It’s nothing personal, it’s just the system. They lie, they cheat, they make shit up, you should too. If there’s a tax break or even better a pay roll break, seize it.
You rate a county or state tax break cuz you did your mil time, take it, you rate VA med care or dollars, don’t be shy take it.
Guys, it’s all part of the game of life, you don’t do the paperwork, you won’t see the dough or the breaks.
Your tax man isn’t digging for every single cent, fire his ass. As a matter of application, I change tax staff every five yrs max. They seem to get too comfortable with MY money. Wife’s uncles an estate attorney, he’s a outfight SHARK in the courtroom, I pick his brain often, “ GV he’s a Paradise alumnus, lost his office owned the mall owned the PGE office, lost everything.
His house in Durham just burned, “ electrical” some people have all the luck!
Everybody thinks these Tax dodges are for the rich and famous, bullshit, I’m not rich, and I’m infamous! Haha. I demand my tax lady dig for every red cent. I pay her well, to cheat the cheats in or govt!
Dirk
Tax avoidance is completely legal and moral:
“Tax avoidance is the practice of using the provisions of the Internal Revenue Code (IRC) to your advantage, reducing the amount of your taxes owed. It involves taking advantage of available loopholes in the IRC, and it’s perfectly legal.”
A man who did not try to lower his tax is a fool. If some poorly educated idiot has a problem with this, then let him vote in politicians who will eliminate “loopholes” and such. Good luck with that. Politicians write the tax laws to benefit themselves. Such parasites typically enter office as a member of the middle class. They leave as a member of the Patriciate worth millions. Gee, I wonder how?
You can always tell who is a poorly educated idiot on this issue because he says really ignorant and stupid things, like: “The rich should pay their fair share!” That’s a sure sign of an idiot. The classic example today is Alexandria Ocasio-Cortez. She has a degree in Economics and is amazingly and thoroughly and completely ignorant of Economics. That she graduated from Boston College says a lot about Boston College.
The illegal part of taxes is “tax evasion”:
“Tax evasion, on the other hand, is using illegal means to avoid paying taxes. Usually, tax evasion involves hiding or misrepresenting income. This might be underreporting income, inflating deductions without proof, hiding or not reporting cash transactions, or hiding money in offshore accounts.”
Now read that again and tell me which politicians do not practice these exact things. These got Capone tossed into Alcatraz, but other obvious proponents of them are as free as birds and as wealthy as Croesus. Think Pelosi. She is one out of thousands who rule over us.
Now shut up and pay your taxes.
Tax evasion.
Isn’t is just special, that the thief thinks he gets to set rules that you must follow.
The thief has no rules to follow and will steal all that you have and well into the future.
As with all criminal behavior, I say, there are no rules and your only goal is to win.
I will caution, however, the taxman is the most conniving criminal of all and will commit any number and level of crimes in it’s effort to cage or kill others. Deal with this extreme criminal with extreme caution and think way ahead.
Let’s see. My comment might get doubled (due to the long delay review of it). Anyway, although my kids love Musk, because: tech! I keep a wary eye on him. I read that he holds the same views on the fake pandemic as I, to include supporting Chloroquine. He criticized Trump a bit, which is a human right but in this instance, we are talking about the only forceful leader in favor of America.
Let’s look at it this way: corporate America (Musk included) are, at present, so tightly up government’s ass that they’d make an LGBQ blush. We are staring down the re-ordering of Capitalism into a “Stakeholder” version, which is just another form of totalitarianism, IMO. If Musk doesn’t come out strongly for private property, he’s dead to me.
His views on the environment make me wonder at his supposed “genius”. The environment is nothing more than a cudgel meant to arouse the OCD amongst us.
Have a nice day.
I have nothing against Musk. A man has to make a living after all. I should add the obvious, that: 1. He is very intelligent; and 2. He is a high class grifter. His scam is to finagle the government to grant him hundreds of millions—“sustainable” cars and such—of which 100 percent come from a normal guy’s taxes. In other words, a normal guy pays for the Tesla, but he can never, ever afford one.
Nice work if you can get it.
YOUR TAX DOLLARS AT WORK.
For you for a change.
When my son was working a job and living on his own I gave him the most valuable advise anyone can ever get. Advice that no one gave to me and I learned, mostly, on my own.
“Get your ass self employed.” Period.
It’s the only chance you have of controlling your money to your own benefit.
If you work a job your employer snatches a large portion of your earned coin before you even see it.
That’s outright theft, but you agreed to it in the beginning so you have no recourse.
If you are self employed you have no employer stealing your coin, you get to do with it what you want, entirely. If you want to give some to the gov’t you can, but you can learn, and set things up, so that you give them very little. Legally.
If you are over, say, 30 years old and still not self employed you are allowing yourself and your dependents to be robbed and you probably deserve it.
Work self employed, receive money only in cash, do not put your money in the banks.
And above all, find work that you truly enjoy to the point that you want to do it all the time.
Think of your favorite thing to do in the whole wide world and then getting paid $50/hr tax free to do it. Do that (I have) and you will find a freedom that most will never ever understand. Remember, this is the only life you’ll ever own and if you think you deserve to live it to the best of your ability, then you should do just that and without hesitation.
You are chanting my mantra. I ran screaming from a sign factory at age 18 and have been on my own ever since. That’s 47 years later. Working for yourself transforms the very molecules your brain is made of. I don’t think like an employee… which is slave-like thinking and behavior. 10 years of punching a clock and receiving a paycheck every Friday afternoon will corrupt and destroy you. Do it for 20, 30, 40 years and you’re a compliant zombie. Being told what to do, obeying every command, year after year after year? I can guarantee that self-employed people are not wearing masks while driving in their cars. Those are employees doing that. I only use my bank for money laundering. When the balance reaches $1,000 I get real nervous and syphon it off. I like keeping it around $100. Tell your son to buy gold, buy silver, build his own house, no credit cards, no debt, and truly, he’ll be living a life of freedom that most will never understand.
“Tell your son to buy gold, buy silver…”
Why? I have heard that statement in favor of bullion purchasing for decades. It is entirely fallacious. If gold, for example—I could have just as easily used silver or platinum—were really and truly a great investment, then why would anyone sell it? Those who market gold make all sorts of claims in its favor, the most popular being that “gold holds its value in time of economic crises.” Holds its value to whom? How does one use gold during such times? Imagine that a civil war has begun. An economic crisis ensues. You have gold. According to today’s gold marketeers you would be just fine. How, might I ask? Can you sell it? To whom? And how? Do you shave parts of it off to get stuff? How much?
There’s more:
1. When a man “buys” gold—let’s say using $50,000—he is most likely to receive a “certificate of ownership” not the actual metal. Hey! Tell you what! If you give me $50,000 I’ll give you pieces of paper!
2. If he does indeed receive metal, does he have the chemicals, the knowledge and the equipment to assay the metal? Can he tell without assaying his purchase if 90 percent of what he owns is nothing but lead.
3. Even if he receives actual gold, what then? It becomes just something else to guard and protect. Like your family.
4. Even if he finds someone to trade the gold for something else, does the buyer have the ability to assay the metal? How would you both come to an agreement about the purchasing power of your gold? If things have really gone to Hell, and your family of five had not eaten in a week, you would sell that $50,000 of gold for five hamburgers.
5. During some break down of society, how do you transport your gold to a place where you can sell it? There will be checkpoints at every block and crossroads. And when the charming folks who man these find gold on you? Good luck. And goodbye.
Let us speak of things as they are. Forget the chimera of bullion. You want to stock up on things that really hold value. And there is one: ammunition. Buy it now. Stock up now. And survive what’s coming.
Think old US coins with real known amounts of silver in them. But bullets are still a good idea
Correct. I have purchased 90% silver US minted coins, dimes, quarters, halves, and dollars. easily convertible. Currently, a dime is worth almost $3.00. If, right now, you go to a store and try to buy something with silver US minted coins the idiot behind the counter will only accept the dime as 10 cents. Just this morning I read on a website about building a solar energy convertor the guy said when the time is right he will exchange 1 weeks of charging cellphones, batteries, etc., for 1 oz of 90% silver. Dollar values can easily be converted with basic math. It is only prudent to store precious metals as you can and in my case that means silver and lead.
“I have purchased 90% silver US minted coins, dimes, quarters, halves, and dollars. easily convertible.”
There are those words again: “easily convertible”. Today, certainly. During civil war? Convertible for what? Where? Once government ceases to function, of what use are “precious metals”?
One stable currency during the worst crises in History has been the wives and daughters of the starving. But let’s not go there.
Mike, currently you convert FRN’s for things you want. Silver and gold will do the same thing when the FRN’s become invalid. It is simply a vehicle for exchange. Like barter, but with versatility. I am currently researching for kits to validate the authenticity of silver and gold. bullion, etc.
Biden or Musk pissing away my tax dollars, the choice is obvious. It’s moot. There isn’t enough tax revenue being generated to keep this boat afloat. They’ll keep rearranging the deck chairs until they can’t.
Ghost I’ve been noodling your “ self employed” statement. No arguments, actually admire “ self made” .
From day one I’ve been a public employee, well almost. I guess what I’m stuck on is essentially the definition. My model is my grandparents great grandson etc etc. they were land speculators, owned and moved unknown amount of land, using the ranching farming tax laws.
I guess they were self employed, but they were also railroad “ PFE, PacificFruit Exchange, the old ice house, old school Railroad in Roseville Ca.
The interesting thing is the entire family invested in acreage together, I was not born yet, so I can’t say how it worked.
I do know at one point my grandparents were invested in Squaw Valley with some shit bags the Pelosi clan. My mom tells me that didn’t last long, they sold, and invested in Serene lakes, on top of inter state 80, before you drop into Truckee.
Our family cabins were there as far back as I can remember. Sold about 20 yrs ago, everybody’s getting out of calif. Mostly farm and ranch stuff north of Sacramento Rocklin Roseville, Lincoln, etc etc.
I like it when stuff here makes me think, dig deep. May not sound like to deep, I’m trying really hard to chart my family roots, for my great great great great grand children. Want to get our history right.
I,don’t trust these DNA history chains.
VI