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Protecting my money sense the US is in a state of decay

Discussion in 'Business & Tax Advice' started by BlakeAyrl, Sep 3, 2013.

  1. BlakeAyrl

    BlakeAyrl Registered Member

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    This thread could come in handy for alot of people but i am looking for a way to sell and buy online but to have like a form of prepaid debit card not attached to me before people ask i am tax except so i am not trying to avoid any cause i have none but i just want my money safe cause of the current state of the country and also shaking condititons with paypal and such id like not to deal with them anyway could be nice also no maintenance fees is the one thing id like please and thank you in advance
     
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  2. HeRBaR

    HeRBaR Supreme Member

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    Open your own bank and money process company.
    This is the only way to keep your money safe :)
     
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  3. prospect7

    prospect7 Regular Member

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    that's quite the run on sentence lol.

    invest in foreign stocks and real estate
     
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  4. imaginos

    imaginos Junior Member

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    To OP, I feel you.
    With this economy and the direction we are heading into, I'd say gold, silver, real estate, physical goods, and foreign stocks are good method to preserve/increase your wealth.
     
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  5. powerman123

    powerman123 Registered Member

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    How are you tax exempt?
     
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  6. CoreClub

    CoreClub Jr. VIP Jr. VIP

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    Invest in university education. When you choose a university, make sure to select English as your major.

    p.s. on a serious note though - rental property and something like online lending clubs (may still be viable for the next few years).
     
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  7. BlakeAyrl

    BlakeAyrl Registered Member

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    I am tax exempt for one year due to my grandfathers death and of his national standing. In my area of New York for a hometown it is fairly common for people to be tax exempt. I lived in between a reservation and foreign trade center so it's not uncommon for a few handful of people to be tax exempt.
    P.S.- Also if a company or such from the nearby tribe tries to take your land in court they can't tax you for that year due to our local tribe laws and enforcement
     
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  8. Adlad

    Adlad Power Member

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    How would having your money on a prepaid debit card help you if the US economy collapsed? Most those debit cards are backed by US banks and your currency is still USD.

    Perhaps research countries with the least dependance on the American economy and buy some of their currency? Or invest in silver and gold, although these tend to fluctuate in value quite significantly.

    Anyway if the US economy does collapse you're gonna need a heck of a lot more resources than just paper money, that's for sure
     
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  9. BlakeAyrl

    BlakeAyrl Registered Member

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    very true but by going through a prepaid card I am a lot safer in that way and by decay i mean all hell breaking out id rather have a few cards to grab and leave than a bag of cash and a few tons of gold plus i don't plan on leaving the states anytime soon i have the love of my life set on staying here sadly enough. BUT!!! I LIKE YOUR THINKING but it doesn't solve my issues :(
     
  10. Adlad

    Adlad Power Member

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    Dude if all hell breaks loose do you really think people will care about some prepaid debit card? There will be mass rioting and the only currency that will matter in the long run is bullets and seeds.

    BTW a lot of the US prepaid cards now have quite severe limitations since 9/11, so I'm not sure how much you have to store, but you're probably going to throw up some anti money laundering flag if it's anything over 10 or 20 grand.

    There are some banks in the US (I forgot the names) that aren't associated with the big ones in any way. They weathered the financial crisis with barely any problems... Maybe open an account with them?

    Otherwise best solution is to have a couple of accounts with the majors with about 10 or 20 grand in each (this won't raise any flags) and then another 10 or 20 in cash stored in a safe place... And if you're so inclined get yourself some silver or gold coins. Another thing you could do is when you go on holiday outside the US open up a bank account in that country. For example in Europe they usually only require a passport and small deposit to open an account and you can have full Internet banking for when you're back in the US
     
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  11. therage

    therage Senior Member

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    The honest answer is if the US did fail you are fucked. There is no money or protection, even if you have physical gold and silver and enough food, nothing is going to stop a angry mob from killing you and taken it for themselves.
     
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  12. Adlad

    Adlad Power Member

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    Exactly.

    People think it would be cool if the government collapsed. In truth it would be absolute hell. That doesn't warrant the way they behave, however the notion that just storing some gold in preparation for an economic catastrophe is extremely narrow minded
     
  13. BlakeAyrl

    BlakeAyrl Registered Member

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    Those limits are $500 on those cards and yea this thread has gone to that bizarre part of the web now i guess. XD but yea it would be hell but I am just trying to stay low and run a small business online without bothering people and people bothering me. The great American dream is more like a nightmare of fear.
     
  14. SirTimberWolf

    SirTimberWolf BANNED BANNED

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    If you're worried about massive financial failure, rioting and all the other 'tin foil hat' apocalyptic scenarios that get tossed around, I would /strongly/ suggest you look into some Prepper videos on youtube. In particular, a man who goes under the name 'Nuttinfancy' does stuff on survival, choosing a firearm, planning your escape under a situation without rule of law and how to live in such an environment.

    That said, if you're /really/ worried about collapse. . . Get out of the states. If you are part of a tribe, appeal to your Elders for citizenship and renounce your US citizenship and be prepared for life to suck for a few years until you get used to the new way of living. Finding a currency or tangible asset that's worth buying (IE: future proof) is going to be damn hard. Everyone's going to tout one thing or another but few of them seem to realize that if an economy as big as the US takes a massive dive and sends world markets into a tailspin, the assets you have-- whatever they may be-- are going to nose dive with those markets.

    Since the moderation script is being a dink, I'll give you the short version: find a community, become a part of it.

    Just my view. When these bloated markets do eventually tank, it will truly be 'us and them', and unless we work together, life is going to royally, royally suck.
     
  15. Adlad

    Adlad Power Member

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    I'm not sure what you mean by bizarre part of the web... Either way it's hard to offer financial advice when you have no idea of the amounts involved.

    Best of luck to you
     
  16. savage007

    savage007 Newbie

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    Hard to not contract with the private corporation U.S. I just choose not to participate! :)
     
  17. Ptrick125

    Ptrick125 Regular Member

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    If you are worried about USD, just buy some BitCoins...

    Posted via Topify using iPhone/iPad
     
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  18. SirTimberWolf

    SirTimberWolf BANNED BANNED

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    Cryptocurrencies do have a future, I think. Like any investment, you don't want to go all in just yet, but since it is so easy to acquire them, you can do so incrementally.
     
  19. lancis

    lancis Elite Member

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    In the middle of nineties the Ukrainian economy collapsed, money suddenly lost its value. There were only a handful of people who didnt feel that collapse - all of them invested their money into gold.

    Gold is an excellent investment, not only its stable on the long time span, it also has a very good chance to go up in price in a short period of time. For example, when someone like Snowden will leak what others suspect for a long time already - Fort Knox has much less gold than officially reported.

    However, gold is not the only good investment, land is also a good one - it doesnt require maintenance and can be sold once the crisis is over. Bitcoin is another good candidate.