quotingIn response to #[1]
nevent1q…xfl2
#[0]
Never have your eggs in the same basket. Never have all your money in banks or in your home. Have hard assets, if you own a car and have a place for a bike in your garage, buy a bike even if you don't use it. Best medium or small hard assets are assets that are useful for doing some kind of work. Computers loose value fast, they are the exception. Any kind of working tools are good and can be resold. Cars that consume little fuel, are easy to repair and pay little taxes have high value.
Land is not a good hard asset unless you live nearby, and you can protect it and prevent someone else to start living on it by force. The state does not protect you against illegal occupation of land, you and your neighbors have to do it by yourselves. Moving to places where there is a feeling of community and people have similar values, urban is good as long as it is far away from the trains (that can bring the masses under state sponsorship to your neighbor, so cars are a must).
Ideally you'll have 2 - 3 bank accounts very cheap or free (one is probably your main one where you get your salary), 3 to 7 fintech bank on mobiles, and have 3 - 5 centralized crypto accounts. Store only pesos in the banks, store a mix of pesos and stablecoins on fintechs, store only some stablecoins on the centralized exchanges. That is what my friends do. I don't have anything, I am just almost poor living on my last resources and unemployed.
And have some physical amount of pesos and physical paper dollars hidden somewhere. I would not advise the house for many people since they can be stolen, and it's a red flag for violence (I don't have anything where I live). But if you live in an apartment building with lots of security, you may consider to have some fiat usd at your place.
Having your eggs dispersed on different baskets will not prevent you from loosing some, but will prevent you from loosing everything. In the worst cases, you can lose more than half your eggs. But not all of them, so you can rebuild. Friendships and community can't be stolen. Your friends will help you rebuild faster if you were the one that lost more than the others.
I really can't highlight enough how important it is to have a healthy social life with people that are close and old friends, new friends and good ones too, people that can become your friends, and people you know you can't be friends because of the nature of the relation, but you can trust on them anyway for other matters in life. Your Intelligence, robust social circle, and how good person you are will matter a lot. People trust good people. Being a good person is transforming your self into a hard asset for the smart people around you.
Having guns will not save your assets, since the justice system in times of crisis will go full communist. If you shoot thieves in your property, the state will push and force the judges to say you are the rich bad man (does not matter if you are actually unemployed and own almost no assets, you'll be considered the rich bad person). The state needs the thieves in their side in times of crisis and will protect them and not you, that is because they have a common objective: they both want to steal value from you.
However, having guns may save your life. But they are risky because if you have guns, you are on a list of the state (by law) and the state now have an excuse to go to your door and ask questions. The best thing in all cases is being just a normal pleb in the eyes of the mafia parasite criminal state. You have to be really uninteresting for the state if you want to avoid them coming to your door or sending their goons to you.
Also, it is good to help others, but never reveal your complete strategy to survive the crisis. Ever.
At some point, criminals will start attacking one another, and that is when the state force will diminish as it starts engulfing itself. That is when the justice system and other state goons realize the balance of power is now on the hands of the silent majority and will start slowly taking actions in favor of the normal citizen to avoid being vaporized by the citizens in revenge. There you can start building again your life....until the next crisis.
Hard times are not coming, they are already here in Argie's land. I don't need your zaps to survive, we'll be fine. Only send them you found value in this post. Thank you and love to you all.
jeanpaul on Nostr: Yesterday night there were several communications from government representatives. ...
Yesterday night there were several communications from government representatives. That always relaxes the market. The market has fear when nobody from the government says anything. Now the change rate is becoming pseudo stable. If nothing else happens, it'll continue like this. Nobody complains because most of the people don't trust banks, and have different ways of preserving wealth. And we have strategies. There is no time to complain, everyone is doing something to preserve its wealth.