How are you preparing for collapse of the US dollar?

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RobDGenX@reddit

Hi all, look what I found. This is the answer.

www.goldback.com

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EternalSage2000@reddit

I’m trying to be in as much debt as possible. And hoping that’s a good take.

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S0nG0ku88@reddit

Honestly not a bad strategy if everything crashes and gets devalued.

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I don't know, I dated a girl in 2022 for two months until it turned out her mother during covid had talked her into putting everything on her cards (70k in cc debt..as an accountant!!) cause the system would collapse very soon. And there she was, paying exorbitant interest two years later.

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S0nG0ku88@reddit

Risky predicting the day the world will end.

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Key-Practice-8788@reddit

That's Trump's plan with the dollar. Crash the dollar and that 37 Trillion goes away pretty quickly. Right? Isn't that how that works?

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MammothAdeptness2211@reddit

So I shouldn’t be aggressively paying off debt in the next few months? That was my plan, and then to add to savings.

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Bob4Not@reddit

Absolutely pay off your debts, but if you have a low interest mortgage just stick with the payments as you save money.

For your savings, diversify. Have emergency funds in cash. For the rest, diversify - maybe put a little into gold silver physical, and then a little more gold silver ETFs, then maybe a global market ETF like VT. The most important thing is to ONLY invest money in gold, silver, markets that you can stomach not seeing’s come back for 10 years.

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ClimateResilient@reddit

Inflation devalues debt, but lenders increase interest rates to compensate for that. The real beneficiaries of inflation are those who hold inflation-proof assets (typically real estate, precious metals, and certain financial instruments).

That said, if you have low interest rates on your debt (<8%) you might be better off just buying gold with those funds. Savings is the worst place you can put money during periods of high inflation.

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MammothAdeptness2211@reddit

I have a credit card that is zero interest for the next few months I used for some expensive car repairs. That’s what I was hoping to pay off before the interest kicks in. That’s all.

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muff_muncher69@reddit

Pay it off. Don’t listen to these fools

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MammothAdeptness2211@reddit

Yeah I will. Then I will be debt free, no interest ever paid and I made money off the bank’s promo. Win

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muff_muncher69@reddit

Congrats, you’ll be what the banks call a “dead beat”! Feels good

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Albert14Pounds@reddit

That's a whole other level of debt that's rarely advantageous with the crazy rates they charge. Definitely don't be paying that interest. With something like a single digit mortgage rate is more the range where debt may be with taking in for someone.

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RlOTGRRRL@reddit

You should pay that off because it will be a variable interest rate that will skyrocket if you don't pay it off on time.

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SethGrey@reddit

Gold has been great for my 401k, not like I'll be retiring in 35 years, but its nice to see number go up.

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psychotronic_mess@reddit

Well, a high credit card balance means you pay more interest, so there’s a sweet spot… but who knows when things will turn.

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taez555@reddit

That’s assuming you pay.

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mrblahblahblah@reddit

you guys pay?

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EternalSage2000@reddit

I don’t anything. But, I figured. If we go through hyper inflation.

All your dollars aren’t worth much. But my lifetime supply of Spam and powdered eggs. Are worth something.

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Bob4Not@reddit

I think you’re better off buying gold silver both/either physically or ETF funds of them.

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StrangerthanFunction@reddit

Being ‘in as much debt as possible’ isn’t a strategy, what you do with your debt is the strategy

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CryptographerNext339@reddit

This will only further increase America's economic dominance

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Z3r0sama2017@reddit

Not an American so I have my popcorn ready.

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philofthepresnt@reddit

gold and silver mining stocks (particularly the canadian ones)

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Purple_Puffer@reddit

I smoke a tremendous amount of pot.

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TaroSad@reddit

I’m out payday is a few days away. Y’all don’t have to flex.💪🤣

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AlwaysShittyKnsasCty@reddit

The wait is real. I’m pulling for you, Taro.

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TaroSad@reddit

Thank you! Got it now? 🙂

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Appropriate-Fun-922@reddit

Ain’t nothing wrong with that. Wtf else can we do.

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717x@reddit

2-cb

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PineappleDesperate82@reddit

I use thc/cbd 10:1 tinctures 😁

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SippinOnHatorade@reddit

Stock up on canned goods and a really good water purifier?

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agnostichymns@reddit

Why, so I can be around for the collapse after I run out of pot? Nah

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Sknowles12@reddit

Birkey filter

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glorifindel@reddit

Long walks with podcasts and pot / special k

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paigescactus@reddit

Special know hard to find

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Aidian@reddit

Gummies.

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MaintenanceFamous445@reddit

No thanks. They lace they shit with too much thc and it causes anxiety panic attacks as well as derealization

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tragicxharmony@reddit

Cheapest thing you can do with your time in Michigan 😂 I’m convinced you can just walk by a dispensary and get handed a free ounce at this point in the game

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squidkidqueer@reddit

as a michigander, can confirm. haven't gotten a free ounce without a BOGO deal though lol

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tragicxharmony@reddit

There’s a dispensary around me, I don’t even know which one, I just see the billboards, that advertises a free ounce to the first 300 customers a day. Like, how many customers are they getting in a day? Doubt it’s 300, I’m fairly certain almost everyone is walking out with a free ounce

I almost wish I still smoked, but it makes me anxious or sleepy and I’m more of a caffeine person. Wish they handed out energy drinks for free 😂

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JohnnyBoy11@reddit

i might try to collect some ounces to store if they're handing it out for free haha.

but working on cardio is free. increasing mobility with stretching or whatever is free. heck, just check in on your neighbors and shovel their sidewalk or something. there's tons of beneficial stuff you can do with your time in Michigan instead of getting couchlocked...

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tragicxharmony@reddit

Straight up, one store near me gives away a free ounce to the first 300 customers every day. It has an expiration date and can only be sold for so long, once it reaches a certain age it has to be destroyed. Hence the free or crazy low prices on ounces. But to be honest I don’t even smoke anymore, it makes me anxious and amplifies chronic pain that I have. Plus I’m more of a caffeine buzz person anyway lol, I have a stock of caffeine pills just in case

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JohnnyBoy11@reddit

i might try to collect some ounces to store if they're handing it out for free haha.

but working on cardio is free. increasing mobility with stretching or whatever is free. heck, just check in on your neighbors and shovel their sidewalk or something. there's tons of beneficial stuff you can do with your time in Michigan...

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MrAgave@reddit

I too have consuming a massive amount of weed. Cheers mate

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mthw704@reddit

I was consuming too much. An eighth of rosin every other day so it was no longer enjoyable & became an escape mechanism.

I haven't smoked in 14 days & I simply can't afford to back.

😑

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MrAgave@reddit

Nothing wrong with that, just do what’s best for you bud! Hang in there

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moonshinefae@reddit

Just quit a bit ago, hoping the 3k a year not spent on it makes a difference. Maybe cascading effects on fastfood consumption. Long term health benefits too. But it's a real way to live until it catches up to you.

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AlwaysShittyKnsasCty@reddit

If I started a couple of years ago, how many more do I have before it catches up to me? Money-wise it already has, but life prospects/outlook-wise, what are we talking? I already have very little to look forward to (as can be demonstrated by cross-referencing my commenting history and the numerous articles in this sub), so I figure it’s at least a nice little buffer from going metal on metal, ya know?

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moonshinefae@reddit

I guess you never really know, I had relatively few ill effects over my use but I stopped over the fears that inevitably it would come to that. And that was my mindset too, better to have it with little else to have. It's also never too late to try something different.

I just thought maybe I could be more present in my life, or try to be, and my use was detracting from that. The worse things get the more I personally find myself caring about it, so better to save such substances for when there is little reason to be fully present and caring.

For now I'm trying to give it my best as often and as much as I can without overdoing it. It's not about whether it ultimately matters, if collapse is inevitable. It's about not letting it stop me from being the kind of person I'd be, even if I can't necessarily do the things I'd like with that.

I've quit and gone back a few times but this time felt different. I had a full-on breakdown over a song (Jason Webley - Ways to Love, was my first listen) and just thought of all the ways I could grow if I let myself. Slow growth, perhaps, but growth all the same.

During the breakdown I could clearly see the scale of person I could be, pending my time and ability to attend to such things. And I had and still have a lot to work with and on.

I have an incomplete college degree, ended just shy of aeronautics engineering restrained by finances. I have a hobby I love in DMing TTRPGs that I can hone and sharpen, breathing life into my creative growth. I have under-attended passions in music and lyricism. I have a growing crowd of people I care about who could use some active kindness.

Of course, there are the bad parts too. I can't so easily amuse my brain away from things that negatively impact me. It's one less source of easy dopamine meaning I have a bit more work between me and happiness at times. I do find I enjoy seeking out and discovering what brings me natural dopamine again though, even if it's more work.

It can either be a test or a punishment though, so try and remember that. If you're just punishing yourself, it's not gonna last and you likely don't need such hurt adding on to your life. It's just that inevitably you're borrowing from your future to be content with your present as it is. That was starting to hurt more than I'd realized.

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PatDar@reddit

So this has begun to worry me more over the past few months.

I've smoked just about every day for the last two decades. It has really helped me not sweat the small stuff. I've realized that my habit is borderline addiction but it's somehow better than the alternative of being sober. I tried to take a break last year and after a month, I was irritable and angry. Started smoking again and right back to the chill vibes.

Then I heard the Trump administration rescheduled it from 1 to 3. Great news! Finally moving towards legalization.

But devils advocate in me says that the administration is trying to legalize to keep a chunk of the population in a "chill vibe" instead of getting pissed off and doing something.

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BayouGal@reddit

Biden started the rescheduling effort. He also commuted sentences for federal pot possession. Trump is trying to reinstate the federal charges, and the federal death penalty. He’s only talking about S3 because he thinks stoners will love him. Fuck Trump.

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Spitfire75@reddit

As someone who smoked for 20 years and is 6 months sober, the irritability goes away eventually. It's worth it.

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Purple_Puffer@reddit

sched 1 to 3 only helps corporate cannabis giants and big pharma. it was another helping the rich get richer move. no surprises there.

As far as how much you smoke, I really like to reflect on Seth Rogen's metaphor here. I'm paraphrasing but it's that weed is like shoes. The earth is jagged, rough, harsh, full of pointy things that hurt, so we wear shoes. shoes make it okay. Less painful, less rough on our tender, tired feet. No one is addicted to shoes. You're not experiencing life more or better by doing it barefoot. Shoes just make this harsh experience a little less harsh.

Sunglasses is another example he uses, same idea. He also famously said "I'm not cut out for this world but weed makes it ok."

But yeah, a tremendous amount.

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Ouroborus13@reddit

Too bad pot gives me insane paranoia and anxiety, or I’d be right there with you.

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Purple_Puffer@reddit

Pull up a chair and watch it all burn with me. Acceptance brings calm. You don't have to smoke, but if you get the urge, it'll be here.

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capsfan19@reddit

Honestly, pot has only gotten cheaper over the years. It’s gotten better, cheaper, more legal and more accessible for those who need it. It’s a true triumph of the people.

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nlashawn1000@reddit

Same, stops me from taking the Remington retirement plan.

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fattmarrell@reddit

You're incredible

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izovice@reddit

Edible?

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Sknowles12@reddit

The peanut butter cup edibles.

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izovice@reddit

I once ate a whole pumpkin pie with 1000mg. How was it? I passed out after 30 minutes, slept really well, but it was a waste and it spiked my tolerance.

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AlwaysShittyKnsasCty@reddit

Oof. That would suck. I didn’t even think about it from a tolerance perspective either. That better have been the best sleep you’ve gotten in a while for that to have been worth it.

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AlwaysShittyKnsasCty@reddit

The taxes on it are affected by the devaluation of the dollar though! Butterfly effect! It’s all connected! Whoa.

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apoletta@reddit

Better learn to grow it. Just saying!

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cornlip@reddit

It grows itself. Just gotta keep the aphids away

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thehourglasses@reddit

We should hang out.

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First_manatee_614@reddit

Username definitely checks out

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bensefero@reddit

Here’s a survivor, big ups

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TemporalRed@reddit

I’m not planning for some movie style “dollar collapses overnight” scenario. I’m planning for the boring version: higher prices, shortages, and more volatility. For me that means paying down high interest debt, keeping a small cash buffer, keeping a few weeks of basics on hand, and investing like normal (broad index funds) instead of chasing doom trades. If things got truly messy, skills and community matter more than gold bars, so I focus on being harder to break financially first.

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Nuvuser2025@reddit

This is the way. One thing we’ve learned is, life itself is not a Hollywood blockbuster film. If it is one, it’s more like “Ishtar”: long, dull, boring, but it ultimately ends.

I’m going through the days, much like you, avoiding our consumerist society, always remaining out of debt to any bank or financial concern. I work for a company that serves the wealthy. I wish I had some other means of generating this income, even as meager as it may be to some of you, but I don’t.

Just coasting along now.

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Danielsankarate@reddit

Same

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squailtaint@reddit

Yup. This is what Covid taught me. If shit truly hits the fan, money won’t matter. Otherwise , like you said, stay out of debt, and go along for the ride.

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Starklawz@reddit

I have an expansive and store 200+ gallons of drinking water. I recognize owning a home and having the ability to do so a privilege. From my garden I freeze, can and dry what I can to build up food stores, I save seeds so I don't have to buy new ones. My main priority is to make sure my families basic needs can always be met

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taez555@reddit

Mostly alcohol, 70’s jazz fusion and weed.

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poopy_toaster@reddit

A little Weather Report and Jean-Luc Ponty and a pen goes a long way

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taez555@reddit

Jean-Luc Ponty

The run of JLP albums from the mid 70's to 80's is some of the best Jazz Fusion ever. :-)

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turquoiseblues@reddit

Miles Davis and Herbie Hancock would like a word.

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digdog303@reddit

Ah, my people

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Jack_Flanders@reddit

Brand X!

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A_Soft_Fart@reddit

Speaking to reporters in Iowa, Trump said he wanted the U.S. currency to "just seek its own level, which is the fair thing to do… I could have it go up or go down like a yo-yo," Trump also said.

I just fucking can’t anymore 🤦‍♂️

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coffeesleeprepeatX@reddit

Vibes-based concept of a plan

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Armouredmonk989@reddit

This utter moron my god.

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Glum-Ad8242@reddit

Many are transferring to Canadian banks. Many are betting long for Canadian dollars for some reason. I have no clue what’s going on.

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Awkward_Potential_@reddit

Bitcoin, silver, bullets, rice, beans and canned goods.

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cbih@reddit

If it comes down to me rehydrating beans to survive, I'll just have the bullet, thanks.

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gomihako_@reddit

Get a pressure cooker, you can straight up cook dry beans without leaving them to soak overnight.

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merriweatherfeather@reddit

The b&b i worked at would order these spices dehydrated beans that were excellent in their bean dip from Frontier Organics.

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CLTVD@reddit

You don’t like beans?

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Mntfrd_Graverobber@reddit

That at least takes care of the werewolf threat.

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BasedChickenTendie@reddit

Silver is a red herring my dude. Gold.

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laibach@reddit

Please explain a bit further

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NaabeGetOnSkype@reddit

Silver is in the middle of a massive short squeeze / pump right now and it’s basically impossible to figure out the actual value and what’s hype. If you’re actively buying now, you might get a good deal you might get left with something that’s only worth half of what you bought it for in a month.

Gold is following a relatively more predictable trend line.

Though if you’re buying for the purpose of bartering, all bets are off for the first generation I’d bet. Food, medical supplies, water, tools etc will be in high demand, not the shiny rock.

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fattmarrell@reddit

Thank you so much for this, my FOMO is out of control on silver right now. Everything is okay, right?

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NaabeGetOnSkype@reddit

As far as we can tell, yes. It’s a short squeeze. Similar to what happened to GameStop back in 2021.

People are making staggering amounts of money, and people are losing staggering amounts of money. It’s gambling and should be approached only with money you’re ok completely losing.

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immrw24@reddit

what website are you checking the value of silver?

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Logridos@reddit

If there's been one constant throughout all of human history, it has been lust for gold. That's not going to go away any time soon.

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NaabeGetOnSkype@reddit

Lust for gold doesn’t appear in basic survival level hunter gatherer / early civilizations though. That shows up once farming has been mastered.

If collapse is sharp enough, we might end up at a point where gold isn’t useful but seeds are.

Not saying “go buy corn seeds to stash by a gold bar” but something to consider. It might not hold as much value in bartering if we regress to that level.

It is an excellent inflation hedge if we end up in a dystopian post capitalist society which is why it is a decent part of a prep for collapse lite (TM)

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ClimateResilient@reddit

I'd go 70/30 gold/silver. Gold is definitely the more stable of the two but you'll be kicking yourself in the nuts if silver hits $200 in 2026.

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Jengus_Roundstone@reddit

Simplify things and buy silver bullets.

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knefr@reddit

Plus then you’re covered in the event of werewolves. Gotta work smarter, not harder.

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nationwideonyours@reddit

Got to learn how to get back to the old ways. Cook, can, sew, repair, repurpose, garden, barter, build,...teach others how to do the same.

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BitcoinBroccoli@reddit

bitcoin.

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I_argue_for_funsies@reddit

Shhh can't mention that here. They don't like orange pill

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DisingenuousGuy@reddit

To be clear, the negative sentiment towards Crypto and Generative AI from this sub mostly relates to the amount of energy being consumed by these technologies. During the last peak, several Coal Plants were reopened for Mining and caused an increase of carbon emissions.

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BitcoinBroccoli@reddit

hope they have fun staying poor then...

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alamohero@reddit

On the bright side it’ll make my credit card debt worth less.

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3seconddelay@reddit

Real estate. There’s only so much land and less of it everyday. The bonus with land over 9,000 feet in elevation is there aren’t many people.

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LiquidNova77@reddit

I'm already poor. My purchasing power is already low af.

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Comrade_Compadre@reddit

Yeah like I barely could afford chicken and rice today, like come on.

My answer is beg and starve I guess?

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nohopeforhomosapiens@reddit

Try to find a food pantry or a Catholic church near you. They'll almost certainly help you. It might not be food you want (like chicken) but it will get you through and eating for free for a little while each month can certainly pad your expenses. Don't be embarrassed either, half the country is struggling right now.

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Resident_Character35@reddit

Half? The whole country is struggling right now. Half against fascism and its consequences, half for fascism and loving its consequences. The struggle is real.

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But_like_whytho@reddit

More like a quarter struggling against fascism, half for fascism, and a quartet that wants fascism, just not with the consequences.

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Resident_Character35@reddit

Good analysis.

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BayouGal@reddit

No struggle for the billionaires. We should all stop buying their shit.

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Comrade_Compadre@reddit

I think the most fucked up part of this is the half that is for fascism and it's consequences is also struggling, but loves it just to spite the other half.

Decades of deep op propaganda that has paid off.

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Resident_Character35@reddit

"Pwning the libs" has been their mantra for decades now. They are winning because they don't mind suffering if they think "the libs" are suffering MORE.

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nohopeforhomosapiens@reddit

The struggle is real, but not more than half are in need of food. Either way, recognize your struggle is not against your neighbor making 200k or whatever, it is against the billionaires. Likewise, if you are the guy making 200k+ you are not what people are hating, but you are in a position to help, help your community in whatever way you can. The struggle IS REAL. It has also existed for a very long time. I grew up in it, and I dedicate a lot of my free time for others to help, but we need everyone to come together. If you aren't going to eat that can of corn, donate it. AND do not donate it to Goodwill which is a for profit company that takes the things they get for free and at this point is selling them at the same retail price as new.

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Resident_Character35@reddit

Salvation Army is equally bad for other reasons you're probably aware of.

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remarkr85@reddit

The United Methodists will help. Find a local church.

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bikemaul@reddit

I went to some new food carts recently. The basic plates were mostly 18-25 dollars. It's pretty depressing

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Comrade_Compadre@reddit

Yeah ngl I quit food trucks after everyone started charging 20$ for 3 street tacos.

None of this is sustainable any more

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strolls@reddit

You guys get chicken with your rice!?

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outed@reddit

All these new poors are gonna suffer. But if you never had nothin', ain't nothing to lose.

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StrongAroma@reddit

I have a feeling you don't know the depths of true poverty yet. Just wait, Trump will teach you all about it.

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nohopeforhomosapiens@reddit

Some of us do. I was the kind of poor people insist didn't exist in America. Can see the writing on the wall. I'm fine, a doctor now, but I know most Americans are about to plunge to depths they never knew. We all need to help our neighbors.

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AMRtard@reddit

Well that’s because they’re new poor, we’re old poor we’ve been being poor from the start. We’re gonna be fine. In all seriousness, grown and preserve your own food. Understand calories, if you have the option to get a catalytic wood stove do so. Learn to fix everything you own. Trade with people on your community every chance you get. Quit watching tv and start making your own shit. Sew , cook, patch repair, know as many of your neighbors as possible. Own a bicycle, they’re easy to fix, free to operate and don’t need insurance. Utilize your library, it’s a community hub and they have more than books. Also if telecom collapses books work when google doesnt. Own tools, practice using them. If you grew up poor you probably remember your parents and grandparents doing all this same stuff. Ask them if they’re alive, they would love to teach you how to make do with less. When the currency devalues you still have most of the skills and tools you had yesterday. Practice this shit last year when the failure cost was low. So that next year you’re better.

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nohopeforhomosapiens@reddit

True for all of the above. I fix everything, I know how to build everything. I even sew. Can butcher my kill, preserve my own food, make my own cheese, tailor old clothes to fit, and darn socks. All are skills I learned from my adoptive grandparents, being adopted my parents and grandparents are much older than others have at my age. I know I am very different from the average millennial aged man, but I am glad I have skills. I know if you drop me in the wilderness I will not die. But the ability to grow things and do a lot of stuff like have chickens and eggs requires someone to have their own land, and a great many people don't have access to that life. Skills never can be taken from you. If you are useful, you will always have a place.

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AlwaysShittyKnsasCty@reddit

Millennial dude here. Can you teach me? My dad was a psychonaut and philosopher, so he never got around to teaching me how to take care of stuff and/or build shit. To put it another way, he taught me how to use my mind but not my hands. I know the software side of the computer game, so maybe that’ll give me a leg up there? I guess computers won’t matter when we’re trading shells again, but you never know! Oh well. I do wish I knew a few MacGyver tricks when low on access to certain material goods and the like. I don’t think I’ll ever be able to butcher anything though. Even if it’s for sustenance, I have trouble with the whole aspect of it. I’m not a vegan though, so I guess I’m also a hypocrite. Man, I have so much to work on. Lol.

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bluesimplicity@reddit

Rob Kenney, a father of two, created the YouTube channel "Dad, How Do I?" because he wanted to teach valuable life skills to children who, like him, didn't have a dad growing up. https://www.youtube.com/channel/UCNepEAWZH0TBu7dkxIbluDw

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theCaitiff@reddit

Not the guy you replied to, but I highly recommend the "1-2-3 books" that used to be published by home depot back in the day. I think the last printing or revision of the core book was back in 2005 so it's twenty years old but you can still get copies from the usual places.

The 1-2-3 books show you pictures of the most common repair or home improvement tasks step by step. The base book covers most home repair tasks but it's more of a broad overview than a specialist text. There's other books "Wiring 1-2-3" or "Plumbing 1-2-3" for more in depth guides on specific tasks that most people don't encounter but that do come up from time to time (most people will not add new circuits to their home's electrical system or work inside the breaker box for instance, but the wiring book shows you how).

If you own your own home, get a set of all three, you can buy them used for a discount. Despite being 20 years out of date, most of us are living in houses that are even older so their example pictures of what to expect if you have to replace an outlet in the wall are going to be pretty accurate today.

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nohopeforhomosapiens@reddit

Well I need to get off here it's 2:40 am. But if you have a specific request, I am happy to answer.

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AlwaysShittyKnsasCty@reddit

Oh, don’t worry about it! It’s 1:40 am here, so we both gotta hit the hay. I’ll try to come up with some actual questions tomorrow. Haha.

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AMRtard@reddit

You can grow a surprising amount of greens inside for not much money, check out simple green hydroponics on YouTube. Growing lettuce at home is actually pretty easy and takes very little space. You probably know someone with chickens who will use your kitchen scraps and trade eggs for lettuce. The start up cost is moderate but you can spread it out.

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Ardeth-Bey@reddit

Great Post !!!

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Ardeth-Bey@reddit

Every time the federal reserve prints more fiat currency, it de-values the existing currency, known as inflation. The purpose of any system is what it does, The Federal Reserve Banking System creates inflation, and confiscates your wealth through inflation keeping "WE The People" poor as they create millions more impoverished people here and around the world. Soon we will see the rise of the Black Market again .....

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GreatInChair@reddit

I like your username

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nohopeforhomosapiens@reddit

I think this is the first time anyone told me they liked it. Usually people insult me over it lol. But I did sign up for reddit specifically because of this sub.

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rematar@reddit

I like it too.

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nohopeforhomosapiens@reddit

Woohoo that's two!

[-]

paramarioh@reddit

It is not individuals who offend you, but the masses, the mobs. People understand what is happening. Best regards.

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Frostyrepairbug@reddit

Whenever I tell people how I grew up poor in America (still am poor tho) they are always flabbergasted and ask the same question: "Did you grow up in applachia?" They're double flabbergasted to find out I lived in California.

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nohopeforhomosapiens@reddit

Arizona here, but had family in WV. Well, adopted family. My biological family was murdered in CA. People think if you are adopted you must be rich. They are wrong.

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Shoddy-Childhood-511@reddit

Is USD being low good or bad for poor people?

It makes imports cost more, but how much imported stuff do poor people buy? It depends upon what country and how poor, but afaik food prices should not inflate as quickly in the US.

It makes exports sell better, which could translate into more jobs, but again this depends upon the country, economic sector, etc.

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nohopeforhomosapiens@reddit

Much of what is on sale in the US is imported now. Yes, low USD value is bad for poor people. At least 15% of the food supply is imported, but also much of the equipment used and needed for transport uses parts that were produced elsewhere. There is a domino effect from having these tariffs. Because labor is so much cheaper elsewhere, we actually send things abroad to have them made and sent back to us. The US outsourced most of it's manufacturing decades ago, and it is not coming back without expertise. That expertise is likely going to be foreign (and require payment and agreements). We have allowed the US manufacturing sectors to flounder and decay. There is no replacement ready.

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Shoddy-Childhood-511@reddit

I agree low USD does not build factories or train labor. And Trump's trade wars have halted many export markets.

At least 15% of the food supply is imported

Although shocking, this seems driven by US consumer choices, so poor people might not be so impacted?

https://www.farmermac.com/thefeed/what-in-the-world-how-the-u-s-became-a-net-importer-of-food-and-agriculture/

Appears you're right overall on rents, but agian there are a few states where increasing rents looks risky for landlords:

https://www.realtor.com/news/trends/states-with-most-vacant-homes/

[-]

cornlip@reddit

I grew up poor. I still feel like I am. What I wonder is if my mortgage can’t be paid who’s gonna pay someone to kick me out of my house if no one has any money?

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nohopeforhomosapiens@reddit

If you have a mortgage, you aren't as poor as you think you are. As for the answer to your question, that is about timing. It is about how many people fall back on payments at the same time, and also, how many get together to support one another. During the great depression, at the start, they took everyone's land. Then people stood up to it, outlaws took banks and burned paperwork, and communities stood outside farms to keep them from being claimed. A great deal were lost to the powers that were, but with the right timing, and enough people affected, communities came together to help. Build your reputation in your community, it takes very little effort and time.

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Free_Enthusiasm7976@reddit

Unless u not breathing eating, drinking, even passing away, you are still going to be affected by the increases of prices with the collapse of the $$$$..

[-]

ToolboxTinker@reddit

Same. I constantly stay 30 cents shy of a quarter.

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StandUpForYourWights@reddit

In my day the nickels had bees on them…

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Complex_Confusion552@reddit

Carried an onion on my belt

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Sea_One_6500@reddit

As was the style at the time.

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NoHuckleberry2543@reddit

It was the style at the time.

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GeetchNixon@reddit

Now, my story begins in 19-dickety-2. We had to say 'dickety' 'cause that Kaiser had stolen our word 'twenty'. I chased that rascal to get it back, but gave up after dickety-six miles..

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Mediocre_Weakness243@reddit

I laughed for dickety seconds to this comment

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Connect-Type493@reddit

Dickety! Hightly dubious!

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TacoCalzone@reddit

Gimme five bees for a quarter!

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nobadrabbits@reddit

That's a great line! If you don't mind, I'm going to start using it.

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CountyRoad@reddit

Boss has 3 hours. Landlord has 5. I’m renting and can’t keep up to save enough to own. Landlord thinking of selling which would double my rent if I have to start over.

[-]

nohopeforhomosapiens@reddit

Landlord sold our place a few years back. He bought it for about 250k, sold for 1 million (a friend of mine previously owned this place). After he sold, they doubled our rent immediately. They have since sold it two more times, and raised the rent. They fix nothing. It is in absolute shambles, but we can't move because we are in immigration limbo.

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reddog323@reddit

Aw, crap. I’m sorry you’re in a squeeze play like that. Can you do any of the repairs yourself? Often landlords don’t care about minor to moderate items.

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nohopeforhomosapiens@reddit

Why should I improve the value of the property when they are charging me money already? Joke's on them, I can live in a tent, and I am happy to set it up in the lounge. I've been homeless before. Fuck them.

[-]

reddog323@reddit

I meant for critical repairs, like electrical or plumbing. But you do you.

[-]

LongjumpingJob3452@reddit

Oof, that’s rough! With everything else going on, that’s the last thing you need.

[-]

Ardeth-Bey@reddit

It's The American Dream, Because You Have to be Asleep to Believe It !!! George Carlin .....

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IJustWantCoffeeMan@reddit

But think of the rise in manufacturing jobs!

Can't you see the rust belt becoming an industrial juggernaut?

American cars shipped worldwide, happily chugging a gallon a mile?

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outed@reddit

Getting to know my neighbors. Finding out about local stuff. Trying to get involved with, and help create, robust networks of mutual aid.

We only have each other.

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International-Sink64@reddit

Just talking with my husband about the dollar falling and wondering about exchanging USD for euros or Canadian money? Any thoughts or suggestions?

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CallAParamedic@reddit

Gold silver and EUROS

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Dirtdancefire@reddit

No plans. I’m old, asocial, disabled and on a small Social security income. I just die.

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Mike-Banachek@reddit

Stocking up on Ativan and Adderall. Surely I can trade something with these : )

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Witez3933@reddit

I spent all of last year stockpiling the good oxycodone, I figure it will be useful as trade.

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gilligan1050@reddit

Get viable poppy seeds.

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AggravatingMark1367@reddit

Wild lettuce sap too

[-]

scummy_shower_stall@reddit

there WAS a YT video about boiling the entire poppy seed head, it makes a gummy substance that is a mild painkiller. Not sure if it's still there, though.

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magnoliasmanor@reddit

It can't last that long can it? Shelf stable for a few years at best?

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Aidian@reddit

“Less potent” is probably still a hell of a lot more potent than gnawing on willow bark.

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wsbautist420@reddit

I read some of your other comments. I hope you are doing okay.

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stay-a-while-and----@reddit

You could definitely trade the Adderall for a butterfly knife:

https://youtu.be/0uxx1UP00bU?si=fENSOc39HDOV0a2C

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JonathanApple@reddit

Love that song

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MammothAdeptness2211@reddit

Definitely stockpiling meds here, whether I need them or not

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fattmarrell@reddit

GLP-1 is all the rage. Grab while you can

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fd1Jeff@reddit

After the Soviet Union collapsed, vodka became quite the commodity and currency.

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TeddehBear@reddit

Well, I tried buying gold, but then my student loans started gathering interest, so I tried getting those as close to paid off as I could. It's too late for me to buy gold again now. 😞

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TheAstraeus@reddit

I've been looking at small household things that in my eyes will hold value.

I've accumulated a couple Jackery power stations, few food grade water containers, gas cans, propane tanks, all sorts of tools/power tools, emergency food etc.

I would like to hear what everyone else is doing to prep, I've started looking into maybe doing currency exchange to hedge against the dollar devaluation

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Several_Initiative_2@reddit

In addition to food, I have been more likely to pull the trigger on things that stand between me and the elements, even if I don't need them quite yet. Heavier winter coat, socks, leather preservative for my shoes, etc. Extras of toiletries, from the assumption that I'll use them eventually and won't be mad to have some extra deodorant in the apocalypse.

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TheAstraeus@reddit

That is excellent planning for the future, I do the same and buy in bulk. Some Examples recently include bulk bar soap, wool socks, toothbrush heads (mine is electric) and dog toys/treats.

I like this because it is a hedge against possible supply chain issues, price spikes, and the less I have to go shopping in town haha

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Sknowles12@reddit

Vegetable seeds Medical supplies Spam, peanut butter, chili Vodka to trade Batteries and candles

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International-Sink64@reddit

I thought about this yesterday. Seems like a viable way...

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Greedy_Pin_9187@reddit

Buy whole cases of lighters.

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NkhukuWaMadzi@reddit

You can physically buy foreign currency.

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TheAstraeus@reddit

Thats the plan, my bank requires physical pickup and it's in another state. Just been slow to get around to do a road trip

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cubluemoon@reddit

Look into Wells Fargo. I think you can exchange currency but it's been a while since I tried.

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TheAstraeus@reddit

It looks like they do, I'll have to create an account to see and compare exchange rates with my bank to see which fees are cheaper, thank you!

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ObiWan-Shinoobi@reddit

How?

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Mr_Investopedia@reddit

Throught a bank or currency exchange.

[-]

khoawala@reddit

I prep the same as you except I've got solar and all electric stuff, including building a large fenced in garden bed to grow food.

I thought all this prep stuff was fun like we're going to be playing in a collapse movie but as shit is getting real.... It's starting to get scary. I decided to get a Vietnamese passport and hope the other side of the planet won't be hit as hard....

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TheAstraeus@reddit

We are in the same boat! I've got 5 solar panels to power a small indoor greenhouse and just installed 2 new raised beds this year. This year I will be starting dual citizenship in the UK with my fiance being from there, sort of relieved to have one potential safezone away from the insanity that's going on in the US.

Then again, collapse will most likely be world wide so it'll be the same shitshow but driving on the wrong side of the road

[-]

Lizaderp@reddit

I've been poor my whole life. If anyone needs advice, venmo me $5

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stirtheturd@reddit

Do you offer a poor mans discount of free?

[-]

Lizaderp@reddit

I'm trade for memes and anti jokes.

[-]

Isaiah_The_Bun@reddit

shut up and take my money!

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PrestigiousMention@reddit

We should all be getting credit cards and maxing them out buying supplies and guns. Then when hyperinflation comes we'll owe pennies!

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Hey_cool_username@reddit

I don’t have any dollars. My biggest expense is my mortgage and I figure if a loaf of bread costs $100,000 dollars, I should be able to pay off my mortgage quick.

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UnderwaterArcherrr@reddit

I didn't even consider this, might as well get a high ass mortgage now and it will technically cost less in a couple years. (As long as pay goes up which it probably won't)

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talkyape@reddit

I don't give a shit what happens anymore man. My doomsday plan is a fifth of vodka and a boxcutter.

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UnderwaterArcherrr@reddit

Gotta get me some fent before shit hits the fan haha

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Interesting_Ideal765@reddit

i've held BTC for a long time. Waiting to see if it's going to act as a hedge against fiat, or if it's going to act as digital gold, or neither. It's kind of a good opportunity to see what it actually does come a real financial crisis. I'm not sure if i'll be a millionaire (jks) or broke.

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I_argue_for_funsies@reddit

You're not allowed to mention that here

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Interesting_Ideal765@reddit

Why?

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I_argue_for_funsies@reddit

Not sure. Talk to the mods

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Interesting_Ideal765@reddit

I mean, I wasn’t being problematic. It’s a genuine answer to the question. If someone asks a monetary question and bitcoin can’t be discussed then regardless of my own personal feelings on it, how can you have a honest discussion if one specific aspect of monetary policy and its alternatives is out of line? Crazy!

[-]

Known_Leek8997@reddit

Just don't shill for bitcoin and you'll be fine.

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Someones_Dream_Guy@reddit

Investing in Belarussian rubles and Chinese yuan.

[-]

MobilePenguins@reddit

50% gold 30% bitcoin 20% silver

For me personally

[-]

zmykula@reddit

I put my wallet on a table and laugh at it.

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russ8825@reddit

Silver

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Intrepid_Attempt_988@reddit

I am not American. In the last month or so, I emptied my USD account which still had had some USD from the time I was a consultant for a US-based client. Today, I sold all the cash USD I had at home (leftover from previous travel) and liquidated all ETFs which hold US Treasury bonds. I also sold some US-based stocks and ETFs, not all of them, but I am making a conscious shift towards other markets sooner than later.

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Chill_Panda@reddit

Yeah I’m moving any money I have in America out. Partially because the dollar is no longer stable, and if US bonds get sold, then the dollar free falls. Partially because I don’t want my money in America, I’m not a fan and I don’t care if I could make more money, I just don’t want American.

[-]

Intrepid_Attempt_988@reddit

Exactly. I don't want to contribute propping up their regime. Any USD sold (cash, bonds) reduces "demand" and altough I am just a drop in the ocean I want to make that message clear: FAFO.

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Chill_Panda@reddit

Enough drops and you have a rainfall pouring down ✊

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detreikght@reddit

What did you decide to buy? I wonder if there are any options similar to the old dollar. Got some euros, but it's not the best either

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Intrepid_Attempt_988@reddit

You mean when I sold the USD? I am Canadian so I bought Canadian dollars.

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Bozhark@reddit

American when?

[-]

TheCrazedTank@reddit

Never, Yankee. Never.

[-]

FrozenVikings@reddit

Same, sold any funds I had that touched US companies and bought all EU and EU/Asia funds.

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knownerror@reddit

I'm keeping most of my emergency fund in a physical gold fund, and spreading my investments around into companies that have actual profitability.

[-]

Dazeelee@reddit (OP)

ECONOMY Dollar has its worst day since April after Trump says he's not concerned with recent slide The value of the U.S. currency, which directly affects consumers, hit its weakest level since early 2022.

[-]

Ill-Tea9411@reddit

Trump wants a weak dollar, he has always wanted a weak dollar and he's not alone. His problem though is that the dollar is not actually weak. These doomsday reports are actually promulgated by people like Trump who actually want a weak dollar, by focusing on short term fluctuations in the DXY. And you are doing their dirty work, without actually understanding why they want this.

The DXY is relatively weak from where it was a year ago, but it is still relatively strong compared to its lowest point in 2008. But far from indicating any sort of collapse a relatively weak dollar is desirable for several reasons as this: Booosts exports which Trump wants because backlash to his tariff policies is a headwind to US exports. A weaker dollar results in increased earnings for multinational Us companies. A weaker dollar reduces trade deficits, and it makes US assets more attractive to foreign investors.

So when Trump says a weaker dollar is "doing great" this is what he is talking about. He wants a weak dollar. But it's not so great for American consumers because it makes import goods more expensive. But Trump doesn't seem to be very concerned about that.

[-]

Smokey76@reddit

Yes and throw in tariffs and more inflation and we’re getting screwed 3 ways.

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Ill-Tea9411@reddit

That's the K-shaped economy for you. Unless you are making at least $150k-$300k you basically don't matter to them. Top 10% earners in the U.S. now account for more than 50% of all consumption, and that share is growing.

[-]

andromedan_95@reddit

Yes the inequality is now reaching almost at par with France pre revolution.

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Ill-Tea9411@reddit

You're not wrong. But there is big difference between then and now. Back then, you were the robot. Now that they are getting their own robots they don't need you anymore.

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andromedan_95@reddit

Yeah so it is even worse

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Ill-Tea9411@reddit

I am so over the 'triumphalist' accelerationists who think we are going to have guillotines in the street, when they are actually the ones in peril.

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kittymctacoyo@reddit

Try 400-500k. Thats the threshold that makes you at least partially human to them

[-]

toesinbloom@reddit

Only 3? They promised 6 ways to Sunday

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Ardeth-Bey@reddit

Along with Trump, every corporation and politician are also working to keep a weak dollar. That's good for business, and when you have Millions or Billions of dollars, it's irrelevant if they need to use more dollars to purchase goods, because they make Millions and Billions of dollars each year.

It's only the targeted middleclass that's being dismantled or as someone above said "The New Poor"

[-]

Ill-Tea9411@reddit

These are the same people who have been cheering along an impeding financial collapse, and have been doing their darndest to bring it about. And the financial collapse doomers here treat that as some sort of victory over the wealthy, as though it would somehow punish them. When in fact it is an opportunity for the wealthy. And it's going to suck for everyone else.

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Ardeth-Bey@reddit

Yes, Absolutely Correct !!!

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khoawala@reddit

This strategy would work if America has the industrial capacity ready to output industrial goods for cheap to export but we're not ready for that. To rebuild our industry would require importing a lot of tools and knowledge which means all this will just skyrocket.

No, I think this is more about debt. Weaker dollar, lower rates, cheaper debts, print money etc....

[-]

Ill-Tea9411@reddit

The US mainly exports high end aerospace components (including weapons), fossil energy products, pharmaceuticals, passenger vehicles, an agricultural products. The US is also the world's offshore bank, with financial products, and consulting services dominating the globe. You know all those plans the billionaires talk about doing at Davos? Yeah, American consulting firms like McKinsey and Company actually see to it that those plans are carried out, getting corporations all over the globe to move in lock-step. And despite the headlines the lion's share of this trade occurs between the US, Canada, Mexico, and China.

[-]

rafiuzky@reddit

Am I just stupid or you genuinely knows about this shit? How could I achieve that? Reading economics books? I’ve always wondered about economics, that I should know more about it.

[-]

Mntfrd_Graverobber@reddit

Economix, an enjoyable Econ 101 book in comic form is a good and fun start. It's written by a real economist and isn't all "hooray for capitalism".
Reading Hacker News taught me a lot as well.

[-]

Ill-Tea9411@reddit

It's all pretty, non-controversial stuff. You can go to sites like Investopedia when you are curious about how something works, they do a pretty good job of delivering the concepts of a particular topic without any fluff. With few exceptions do not listen to media pundits, influencers or shills for a particular investment vehicle, their job is to spin up their preferred worldview, and basically lie to you. They want you to buy their book or newsletter, or buy stuff from their sponsors. You are probably not going to learn much watching the news. Maybe go down a rabbit hole with one of the AI search engines and explore the references it can provide to verify what it's telling you. Approach the subject with a critical eye and a sense of curiosity.

[-]

j_mantuf@reddit

Re the banking: it’s like people forgot about the Panama Papers

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Ill-Tea9411@reddit

The Delaware Corporation is the elite vehicle for obscuring ownership.

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loralailoralai@reddit

You’d also need willing buyers. And frankly, the way you’ve treated the rest of the world? We are buying as little from you as possible

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loralailoralai@reddit

Because you’re supposed to be buying American. And your exports become cheaper because the dollar goes down.

Trouble is trump has pissed off every other country so we aren’t too inclined to buy your crap unless we are desperate. He doesn’t realise the value of reciprocity- actual reciprocity

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Ill-Tea9411@reddit

Because you’re supposed to be buying American.

Lol, no. You can't. Not really. You can try but you would still be paying a premium. For regular consumer stuff the US can't compete with China. And I'm doing a kitchen remodel right now. And for the type of cabinet hardware I need there is nothing available from the US, at any price. I can get it either from Italy or Austria so I buy from an Italian company and pay the freaking tariff because I can't get it here.

[-]

Ardeth-Bey@reddit

American manufacturing has been off shored, to destroy the ever shrinking Middleclass !!!

Thank Nixon & Kissinger, Yeah it goes back that far ......

[-]

Ill-Tea9411@reddit

It goes back to the 1930's as the Neoliberal backlash to the New Deal. To ensure that nothing like the New Deal ever happens again.

[-]

Chef_Papafrita@reddit

My father had OAN or NewsMax on today and Trump was talking about we have the greatest economy now, he lowered our debt by 77 Billion, and then ranted about how we used to get laughed at when Democrats were in office but now we are well respected around the world. Basically taking the truth and turning it into complete lies, the opposite of what is being said. The crowd was loving it. I can't imagine why he is still holding rallies.

[-]

Ill-Tea9411@reddit

It's called the 'Spell of Truth'.

He's all-in, just has to keep repeating the lies.

[-]

Chill_Panda@reddit

But countries are selling off their US bonds now. And the dollar is only strong because of trust and stability. If countries no longer have faith in that trust and stability, and continue selling their bonds, then the dollar crashes, not becomes weaker, full on free falls.

Trump is playing that line, where he wants it weak but not in free fall. And he doesn’t get to decide the free fall part. The dollar is already precarious with China, India, Japan and Denmark selling off their us bonds, pulling investment funds. If he pushes too far and more countries follow suit then that’s it for the dollar.

[-]

Ill-Tea9411@reddit

countries are selling off their US bonds now

Several countries are reducing their holding of US Treasury bonds due to US dept and policy risk. But this has had limited impact.The dollar is not crashing, not as hard as Trump wants it to. The largest holders of these bonds are the Federal Reserve, followed by US financial firms. But if Trump gains control of the Federal reserve I wouldn't put it past him to get them to sell off bonds, and try to lower interest rates simultaneously. This is the greatest risk, Not foreign governments.

[-]

bowenmark@reddit

All about the grift. Hence, there is an exodus for USD hegemony.

[-]

Ill-Tea9411@reddit

This is not a new thing. Every system based upon colonization is a grift. Trump wants to wield the US system to grab what he thinks is his rightful share.

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hepatitis_@reddit

Why does Trump want a weal dollar?

[-]

Lord_Vesuvius2020@reddit

The DXY had a terrible day today. The devaluation of the USD is taking value from all of us. As for coping, buy gold & silver, things that have value, non US based ETFs.

[-]

DamnYankee1961@reddit

Yet the market continues its BURN UP AND UP!

[-]

Corius_Erelius@reddit

Their market goes up. The only up we're getting is inflation

[-]

DamnYankee1961@reddit

The fall and it will, will be long and hard!! It’s all smoke and mirrors floating a world that is 111 trillion in debit. USA is 38 trillion alone, more than 125% GDP.

[-]

Ardeth-Bey@reddit

The Purpose of ANY system is what it does !!! What do the Federal Reserve Banking Families DO ??? Create Debt & Inflation as the Collect Interest payments on the Value-less Fiat Currency they create & control !!!

[-]

merikariu@reddit

Perhaps the debt threat is not as severe as you'd think. Government spending increases the wealth held by private individuals. If the USA, for example, made a one-time tax of 36 trillion to pay off its debt, that would remove that much wealth from private hands.

[-]

Current-Code@reddit

Following the US collapse from abroad is weird.

Your inflation is piling up in our pockets, while our news is filled with the premices of a civil war...

Shit is crazy.

[-]

TryptaMagiciaN@reddit

No, I feel like I'm also getting it up the ass.

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hippydipster@reddit

As measured in dollars

[-]

Effective-Bandicoot8@reddit

https://www.ey.com/en_us/insights/ai/ai-powered-growth

AI is the only thing propping up the economy

[-]

Next-Preference-5336@reddit

I put it on my 2026 bingo card.

[-]

Skyrmir@reddit

By taking on a large debt, in dollars. If I had the funds I'd be spreading them across metals, crypto, and euro assets.

[-]

kemiajo@reddit

Rice and beans diet

[-]

Cptawesome23@reddit

lol no need to prepare. History shows that when the currency becomes useless, the people change currencies. You have no way of know what that currency will be, therefore you cannot prepare.

Save up a bunch of Chinese wan? Then the Chinese GDP plummets because the Americans can’t buy anything. Save up a bunch of gold? You can’t move it because the roads suck and there is no gas. And also starving people can’t eat gold.

[-]

PervyNonsense@reddit

You cannot prepare for it. It's like asking an astronaut how they prepare for catastrophic decompression.

[-]

mydmtusername@reddit

My brother in Christ, I can't even prepare for the collapse of my own checking account.

[-]

point_of_you@reddit

How are you preparing for collapse of the US dollar?

Investing like I've never invested before lol putting money into everything.

Anything beats holding shiddy paper dollars

[-]

csmith820@reddit

Converting to BRICS ASAP

[-]

PracticalTank5436@reddit

GOLD....Silver!!!

[-]

ClassicallyBrained@reddit

How can anyone in the US prepare? Anyone not rich at least. I can't buy gold. I can't hoard assets. All I can do is focus on the same preps I've been building: food, water, energy, radios, etc.

[-]

Mntfrd_Graverobber@reddit

Learn valuable skills that are in demand. No one with a mechatronics degree is going to have a difficult time finding work or lack valuable skills even in the case of a collapse.

Anything in the medical field from nursing on up.

[-]

Current-Code@reddit

Look for a job abroad

[-]

GalaxyPatio@reddit

Half of us can't even do most of that stuff with a certain type of apartment living.

[-]

tasthei@reddit

I think building community is part of the answer here. Everyone able should start a kitchen garden. Everyone that can’t do that, still might be able to join in, donating some time on some tasks, for a share.

There are multiple different kinds of work required, including taking raw produce and preparing it to last beyond its harvesting date.

Could one reach out to small farmers to join in on working the land? Idk. I’m not in the US, but as a city dweller, I’m trying to build my future community by encouraging community now. Encouraging sharing and learning together.

Parcel gardens are becoming a more common concept that a lot of neighborhoods do. Can you somehow start one with yours?

It might not realistically replace all your food needs - at least not at the start - but in some parts of the world having a kitchen garden is common.

Learning from the pot growers how to succeed indoors might be valuable too, but requires more resources, including constant power.

I wish you all so much luck.

[-]

CLTVD@reddit

Of all the replies to this thread, I think this one is the most helpful and reasonable.

[-]

Really_gay_pineapple@reddit

Bought myself a sweet treat and celebrating in my flat 😊

[-]

cashew_nuts@reddit

For those of us who read the Mar-a-Lago accords, we knew this was coming.

[-]

JupitrominoRazmatazz@reddit

I get two Dr Pepper blackberries at a time because I think they will run out. But am I the reason why its running out? And how come no one's talking about the refreshing Dr Pepper Blackberry everyone's got me talking about?

[-]

CLTVD@reddit

So you’re the one who’s been buying up my favorite Dr Pepper flavor and causing me to worry they’re going to quit making it!

[-]

rougarou-te-fou@reddit

Hoarding things that I truly can’t live without.

High protein shelf, stable food, pet food, propane, chocolate, tea, medical supplies.

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ThrowRA-4545@reddit

You're also eating pet food? Times are rough, eh.

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rougarou-te-fou@reddit

Needs must.

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WholeOceanAlgalBloom@reddit

A long time ago I invested into a bunch of Iraqi Dinar

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Computerist1969@reddit

Popcorn

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SeriousGoofball@reddit

I'm just waiting for hyperinflation. When bread costs $600 a loaf and everybody starts making millions of dollars a year at part time jobs I'll be able to pay off my student loans.

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necroslave@reddit

I feel kinda lucky here because I’m already poor, recently left homelessness and got into subsidized housing so rent is 30% of my income, and i already don’t pay for groceries and rely on food banks. Shit i’ma just be chillin

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Resident_Character35@reddit

I gave all mine to the oligarchs who brought this about. No dollars left to lose. I'm sure they'll do the right thing with 40 years of my money. I mean, we put them in charge for a reason...right?

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betteritsbetter@reddit

I've got 32GB of RAM so hopefully I'll be able to live on that.

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melonbreadings@reddit

🤣

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dX_iIi_Xb@reddit

I have bought my popcorn and am ready to sit back and watch the arrogance of an entire nation be swept away by their own, relentless stupidity.

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HalfwaydonewithEarth@reddit

It's not going to collapse.

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bean-machine-@reddit

Looking forward to my student loans being worth nothing!

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Freud-Network@reddit

I look forward to the trivialization of my debt.

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Corvandus@reddit

I had a spooky feeling a couple of years ago and sunk about half of my discretionary savings (not a lot) into mostly silver and a little bit of gold. I thought I was being weird literally burying treasure, but I'm sure some wasteland survivor with gumption will thank my memory for it in a few more years.

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Nonsensicallity@reddit

I moved to Europe. Not the most viable route for most people, but seeing the conversion rates in my bank’s app is reassuring when I do transfers.

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plasticmanufacturing@reddit

This sub has become a joke.

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Slick424@reddit

No, but the US government has. Elect a clown, get a circuse.

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fd1Jeff@reddit

I keep seeing less and less intelligence on this sub.

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ClimateResilient@reddit

Sub isn't a joke, but this kind of question is better suited to r/preppers.

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Drxero1xero@reddit

We buy product from the USA so looking forward to six months of making a fuck ton of profit to make up for the last six year of the GBP getting the shit kicked out of it.

what happens then is a open book.

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Gnomologist@reddit

Nothing, I don’t really care tbh

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ClaudeVS@reddit

I'm being Australian

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Diaza_Kinutz@reddit

I'm not doing a damn thing to prepare. I can barely keep my head above water. Guess I'll die 🤷

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Dr_ChungusAmungus@reddit

I say this but just a general hope to feel a little more personally secure about where the dollar value is at and relieve some stress for others like me who tend to really worry at this kind of news.

“If you want to look at the purchasing power of the dollar in foreign countries, you have to adjust the USD and the other countries by their respective CPIs. That chart is called REER.

https://fred.stlouisfed.org/series/RBUSBIS

Also if you zoom out like 6 months the graph looks completely different there was a big DXY spike in December/January. This is the zoomed out DXY chart.

https://fred.stlouisfed.org/series/TWEXBGSMTH”

The dollar is up 22% since 2018 and is still tracking above where it should be on a 25 year average. It could be much stronger but we are not at a point where we are falling off a cliff, this is classic /r/doomerism.

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Chill_Panda@reddit

Okay but that’s only looking at how well the dollar is doing…

That chart doesn’t factor in things like world politics. The biggest anomaly that’s going to cause a crash is trust and stability. Countries trust the dollar is stable, that is why it’s stable, it’s the global standard and they have that trust that the global standard, but that trust is eroded.

If countries no longer trust the dollar they will move their investments out of the dollar, and sell their US bonds. Like China, Japan, India, and Denmark have already begun, with more countries signalling that they are going to. If more countries choose to follow this trend then that chart means nothing. The dollar will crash.

If, over the next 3 years, Trump continues like has the past year, then more countries will sell their bonds.

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StrangerthanFunction@reddit

This video explains what’s already happening as a result of the erosion of trust in USD. Japan selling off massive USD reserves.

https://www.youtube.com/watch?v=JbHlk2-jeGw

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ThirstyWolfSpider@reddit

FYI a double-quote snuck into the second link, breaking it.

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squailtaint@reddit

Should be top comment.

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Mission_Reply_2326@reddit

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Appropriate-Fun-922@reddit

Hey, same here in the Midwest. Put on some sunglasses and hope your skeleton looks super fuckin rad.

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dANNN738@reddit

Debt and gold

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democritusparadise@reddit

I converted my stock portfolio into long-dated options on gold (specifically GLD) and European steel and my net worth in USD is up 180% since the beginning of the year. Relax, I'm still worth less than zero dollars due to student loans.

It will absolutely compensate for deprecated USD value. Hell, if hyperinflation happens it will enable me pay offbrhose loans.

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detreikght@reddit

Fck, in my country dollar has been the stable one (compared to ruble), do we even have alternatives? Can't move all the money to gold after all

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NkhukuWaMadzi@reddit

Gold could be in a bubble right now - not sure if getting in now is good?

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detreikght@reddit

Yeah I'm cautious. Bought a tiny test bar (0,1gr) for ~140$ last May, now I can sell it back to a bank for the same price. But it's not as easy as dollars or local currency and banks have a lot of say how much it's worth or you if "scratched" it. I heard pawnshops are better for buying/selling gold, but you gotta know a bit more about gold itself

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Greedy_Pin_9187@reddit

Pawn shops are terrible place to sell. They’ll typically give you 80% of spot price.

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detreikght@reddit

So then banks are better still?

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ClimateResilient@reddit

There's no gold so long as the orange wrecking ball is in office. People go rushing for safe havens whenever he gets within 100 yards of the internet .

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AdministrativeHat276@reddit

I want it to collapse. I am eagerly waiting 😃.

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oheski@reddit

there’s no hope and no way out

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ambelamba@reddit

Not much. All I can say is I am really good at cooking batch of soup and can draw pinup fairly ok.

Surprisingly, being a good r34 artist can be a useful survival skills during wartime.

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RBNaccount201@reddit

I’m turning cash into euros and stocking up on drugs that’ll be useful. There are sites where I can get them for cheap so I do that… Telyrx can legally operate in America.

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immrw24@reddit

how are you turning cash into euros? going to the bank and physically withdrawing euros?

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RBNaccount201@reddit

I have some in my paypal but I’m going to try to use a bank or a currency exchange online

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immrw24@reddit

i’m curious how having euros would help you in the US. no shops would take it? are you planning on moving to europe?

or are you trying euros, waiting for the dollar to drop, then trade the euros for wayyy more dollars than you originally traded.

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RBNaccount201@reddit

I’m betting on the dollar dropping and cashing in when the money is worth more. The reason I was using paypal was because I could throw small amounts. I learned I am risking a ban so I’m stopping

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immrw24@reddit

oh paypal will ban you for small transactions like that? if you find a good currency exchange online could you let me know the site? i can do the same for you if i find one later in the week.

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RBNaccount201@reddit

I will. But I’m gonna try my bank first.

It’s a rule on paypal that you can’t use it to make money on currency conversion rates and this would count. So I’m stopping. Not gonna risk it.

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immrw24@reddit

oh paypal will ban you for making small transactions like that? what are you going to use instead? i think your bet is pretty solid. i dont see the dollar stopping its fall from its pedestal. (im not a professional in economics tho)

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DamnCarlSucks@reddit

Learning how to find food and live in the fuckin woods at this point.

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AbominableGoMan@reddit

Ramen.

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lazybeekeeper@reddit

Is there a right way? Part of me thinks taking out loans while the value is higher today, if you can get an interest rate that exceeds the return rate of the loan, otherwise I have no idea.. precious metals?

Personally I prefer to try and be as self-sufficient as possible for when SHTF.

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aVoidFullOfFarts@reddit

Elected a PhD of economics and philosophy, former Governor of the Bank of Canada and later the Governor of Bank of England as our Prime Minister to help mitigate our country’s future because we are your upstairs neighbour

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HH-Vectorjoe@reddit

I live in euroland, i expect our exports to the us to collaps due to missing purchasing power, thats why its so important to have trade deals with south america, india an china. And i expect ZS imports to increas (as long as the manufacturer survives of course) du to the dollar being worth nothing. But i can't think of any relevant US product.

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recycledairplane1@reddit

Don’t worry! Just buy into the president’s new crypto! Everything will be good once you have a digital wallet full of computer money.

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GalaxyPatio@reddit

Oop you said a mean thing about him. All gone :(

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moldy-scrotum-soup@reddit

Aaaaaand it's gone. It's all gone.

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Motherboy_TheBand@reddit

Negative money

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pixelbased@reddit

I moved about half my money to Euros when the dollar was stronger. I’m a multi national so I’d things get much worse here, I have an out.

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forkproof2500@reddit

Putting some champagne in the cooler

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marcusnelson@reddit

I moved to NZ and the dollar has dropped 4% is just the last week. 😬

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Low-Spot4396@reddit

Buying popcorn.

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Effective-Bandicoot8@reddit

With great anticipation

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jujumber@reddit

I started buying gold and Silver in 2020 during covid. I knew it was a matter of time before all that printing would catch up to us sooner than later.

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mybeatsarebollocks@reddit

Looking forward to cheap imports. I'll probably be able to buy stuff from the states cheaper including shipping and import tax than I can at home.

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kaptainkooleio@reddit

Mostly learning how to hunt and live off the land.

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cannotberushed-@reddit

I’m moving money into overseas invested funds.

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immrw24@reddit

can you explain further how to do this? i can dm you if that’s easier. i think what you’re doing is a smart move.

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cannotberushed-@reddit

Im moving my money into specific funds

I’m currently looking at Vanguard VGPMX. It’s been around since the 80’s and gets great reviews. This is my top choice. Vanguard Wellington international (VGWAX) Vanguard VTIAX

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Solo_Camping_Girl@reddit

I'm going to buy the long-lasting stuff that is only made in the US before it gets crazy expensive. I just plan to buy a leatherman and the esee 5 and call it goods for life. Aside from that, I'm just going to expect that my side of the Pacific will be able to pick up the slack when that happens.

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nohopeforhomosapiens@reddit

I bought gold back in 2020. The value of gold remains as the USD falls into oblivion, the USD value of what I bought has more than doubled in 5 years because of the devaluation of our currency. It is expensive, but if you can, buy some and hold it. Not on the stock market, not jewelry, actual gold bullion. They sell tiny fractions of it as a sheet if you can't afford a coin. Go to one of those places with the giant WE BUY GOLD signs and get some. Know the price that day beforehand and be ready to negotiate.

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immrw24@reddit

how do you ensure those places with the “we buy gold” aren’t selling fakes?

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nohopeforhomosapiens@reddit

If you buy something that is US mint, it is unlikely to be fake. Selling counterfeit currency would get them out of business and straight to prison FAST. If you genuinely don't trust them though, you can go to the government website and order it (usmint.gov). That removes any negotiating power you may have, and risks being lost in transit.

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immrw24@reddit

this is very helpful thank you. how exactly do you go about negotiating?

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nohopeforhomosapiens@reddit

Know the price on the market beforehand. Just search that day price of gold per oz. Know how much you want to buy. Offer about 80% of that price. They will say no way. Then you move up until you agree. Don't offer above the price for the day, or at least not much, they inevitably bought it for less than that. If you let them tell you the price first, they will quote you high. Offer money rather than ask.

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immrw24@reddit

and it seems pretty certain that gold will only continue to rise in value because trump’s antics are causing countries to move away from gold? and that won’t stop any time soon. i just don’t wanna get screwed and buy gold at a high then it drops significantly in value.

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nohopeforhomosapiens@reddit

If gold drops in value, it is because the currency (I presume USD) has raised in value. Gold will always be valuable. You'll get back what you put in. If gold drops it is because the USD purchasing power is strong. If you buy gold you should be thinking in terms of purchasing power right now and what that will get you. If you can still get that in 10 years, then you didn't lose money. But the chances of gold dropping in numerical terms in USD is pretty low at this point. It is very costly to buy right now, I will admit. If I had to buy now, I would not have bought as much, but I still think it is better than nothing. Rich people have gold. They don't put all their eggs in one basket. Diversify the way you hold your money and you could still lose, but you will have a lower chance of loss.

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immrw24@reddit

where do you buy gold? how do you ensure it’s not fake?

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ramdom-ink@reddit

I have two gold coins that have increased 7x their value since I last cashed one.

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GalaxyPatio@reddit

Jute, water, pharmaceuticals and sharps? So I have options.

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GagOnMacaque@reddit

Bought 300k baht

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anthrokate@reddit

All my loose money, however small it is, is going into precious medals.

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creamygootness@reddit

First, second, or third place?

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Smallsey@reddit

I'm playing Terraria and going for walks

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properly_sauced@reddit

I have amassed enough adult Lego sets to keep me occupied for at least a month.

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TheWeeWeeWrangler@reddit

guess i'll just die?

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toodarkparkranger@reddit

Oh no, I'm going to be poor-er.

Is gas and food going to be expensive? Is healthcare going to financially ruin me if I actually need it? Are you saying rent is going to be a major drain on my income.

I guess I've been preparing my whole adult life.

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Vegetaman916@reddit

Short answer? By not depending on the US dollar.

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Icy_Rocket_Launcher@reddit

Spare rope in the closet

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Less_Subtle_Approach@reddit

I'm long on sheep.

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KikiWestcliffe@reddit

I read that as “long on sleep” and was thinking, “Yeah, same. Just gonna hibernate through this shit.”

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DrummerBummer32@reddit

Stock up on goods when I can as a short term buffer until we figure out how to increase our garden yields.

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coffeevsall@reddit

Go back to /wallstreetbets

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3235820351@reddit

I have a wood fireplace I’m ready

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RoamingRivers@reddit

I've been stockpiling since the pandemic.

Food, water, medical supplies, books, tools, as well as stuff to barter with.

Though I still have difficulty in acquiring some precious metal coins.

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Effective_Abies9890@reddit

Winter lasts forever

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BABYEATER1012@reddit

Buying physical silver and gold.

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immrw24@reddit

where are you buying this? how do you ensure none of it is fake?

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gummyworm5@reddit

I have some from my great uncle who passed away in like 2003. He didn't have children and my father (his nephew) passed so now my sibling and I split it.

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Avent@reddit

Investing into other financial instruments so that I'm not holding a lot of cash.

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Bugbrain_04@reddit

Hodl

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justletmelivedawg@reddit

Virtually nothing lol

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oliski2006@reddit

I don’t care I’m not an american.

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Lavendercrimson12@reddit

eBay live bullion auctions 🤣

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appleman666@reddit

I'm not! There's not much within my power that will protect me. I'm spending my time making the most of things while I can. Fuck it

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baxx10@reddit

I'm not. Just trying to live life while I can afford to. When it all falls apart I will have the memories of time well spent traveling and enjoying life. At this point I doubt I'll live long enough to need to love off my retirement savings, so fuck it.

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happypawn@reddit

Prepared? Nobody’s prepared for their money to be worth less than it is now.

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Bluest_waters@reddit

I've decided to sell off at least four or five of my overseas vacation homes

Meanwhile I may actually consolidate several of my business holdings under 1 corporate umbrella.

And as far as my rentals go, I'm raising the rent as much as possible to secure as much cash as a I can before the inevitable crash

I'm sure most of you are doing these things already though

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flojopickles@reddit

I’d keep the butler around - you can probably just stop paying him once everything crashes. Pretty sure he’ll work for free in exchange for a bed and a meal or two a day.

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Bluest_waters@reddit

Good point, also I could use him as a test subject for the zombie vaccine

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Cosmonaut_Cockswing@reddit

Im already fucking broke.

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No-Breadfruit-4555@reddit

How are you preparing for needing a new sensationalist headline when yet another “we’re doomed by next week” post turns out to be nothing?

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cchhrr@reddit

Buy eurusd

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rawkusmode@reddit

Collecting Pokemon cards

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AbjectList8@reddit

I’m poor, i guess I’ll be more poor.

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GalileoAce@reddit

I'm Australian, it's not yet clear how a collapse of US currency will affect Australia, could go either way. So I'm not doing anything

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QJustCallMeQ@reddit

Put it in CHF

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knives4cash@reddit

I don't think Carrie Hope Fletcher, a married woman no less, would let you touch her like that.

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zapembarcodes@reddit

Thinking of buying some shares of UDN, which is an inverse of the DXY.

I've been selling monthly put credit spreads on gold futures since November, so will likely continue that.

Aside from that, I wheel a few stocks, but nothing major. All small positions. I want to keep some long delta on broad markets though, since usually the stock market goes up when the dollar falls.

Ultimately, I think both stocks and commodities are going up with a falling dollar, so I think it's key to stay invested.

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existentialsquirrelx@reddit

Luckily I don't have many, so... I'm just out here living. I did invest in precious metals a few years back, those are doing rather nicely

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AvaTryingToSurvive@reddit

The forced sequestration and redistribution of necessary resources to live is neither immoral nor unethical.

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nekkid_farts@reddit

Farming, alternative fuels, defensive plans, hiding, lots of weapons, joining others doing the same.

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AnswerGuy301@reddit

Trying to channel more investment into international stock and commodity-based ETFs.

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ClimateResilient@reddit

I wouldn't touch any stocks as long as Agent Orange remains in office and the AI bubble is in its pre-pop phase. Commodities have been shooting up all year so that seems like the move, but honestly everything feels like it's in a bubble right now.

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AnswerGuy301@reddit

Yeah I’ve been emphasizing non-US to diversify more in case there’s a US-specific downturn as a result of either other countries doing an end run around the US on trade agreements or some new thing Agent Orange does.

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thunda639@reddit

Crypto.

I invest for utility not price. Solana BC ADA Eth and a handful of lesser known woth utility potential

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pathf1nder00@reddit

Not surprising. He and Musk campaigned on this exactly. They said they had to crash the economy to fix it, and that involved changing the standard from the US Dollar to crypto.

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RicardoNurein@reddit

Does not having very many count?

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Uchuuko@reddit

Hoping it will still be strong enough for the next couple of months. I feel I need more time before I can leave, but I can get gone in under a year.

I am trying to make enough money to get out of here.

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OkNewspaper6271@reddit

Meh, not my problem I use the Pound Sterling. My main concern is our government will probably have to devalue the pound to keep exports competitive if the Dollars weakens too much

[-]

NyriasNeo@reddit

I am not. I just check the US vs euro chart. The worst is 1 euro to 1.6 usd (in 2008 no surprise). Right now it is around 1.2. I doubt it will even go back to that point. And if so, it is an adjustment, not a collapse.

Sure, if it goes further, I may have to rebalance into more international exposure. But that is no more than the usual portfolio adjustment.

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tropical58@reddit

The moment (mon2601) that China (US $800b) and the EU (€8.2t) offered their holdings of treasury notes and bonds for sale at discount, the age of the reserve currency was over. The US has lost its tier 1 rating forever in deference to gold and silver. If you live in the States, expect uncontrollable inflation, steeply declining exchange rates, and insoluable economic depression. Your governments are about to close their doors. Farewell, and thanks for all the....nothing really

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iThinkiStartedATrend@reddit

lol you are all about to see what happens when the U.S. dollar doesn’t get reserve status (hint: it’s war)

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StatementBot@reddit

The following submission statement was provided by /u/Dazeelee:

ECONOMY Dollar has its worst day since April after Trump says he's not concerned with recent slide The value of the U.S. currency, which directly affects consumers, hit its weakest level since early 2022.

Please reply to OP's comment here: https://old.reddit.com/r/collapse/comments/1qox4vv/how_are_you_preparing_for_collapse_of_the_us/o24pvwy/

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