Topic: Asset Project

[radioman]

It's clear that there is not a whole lot we can do to turn this country around,
so the best thing we can do now is move into a 'protect our assets' mode of operation.

I would hope that there are a lot of smart people on this site that maybe we can build a list of the different types of asset investments ranked by government vulneralbility.

IOW,
I want to find places to start putting my assets that have the most protection FROM our government instead of just ROI. Maybe we can form a think tank to look at all the different investment vehicles and rank them starting with the best protection to the worst protection.

It won't be long before the government starts looking to grab our assets to continue their crazy addiction to spending other people's money. In that case, I want my assets to be hidden and protected as well as possible.

I've always considered land/property to be good, but the government will eventually raise the taxes on property to the point that they will be able to confiscate your property, not to mention imminent domain capture.

So, guys and gals, you better start getting your assets in order now because it won't be long. Just saying....

[Pandora]

You've just identified the one issue that's driving me crazy with worry and indecision.

[radioman]

me too! That's why I would like the smartest of us to start ranking and listing all the investment possibilities in order to protect us from the government. I think that we need to worry more about what the government will do to our assets rather than looking at interest rate returns etc....

[IronDioPriest]

I would say that vehicles like 401k are likely to be targeted first. For the public good, of course. Other socialist coups have done so, and some of our own bastard Democrats have spoken it aloud, which is always the first step to manifesting their goals. They test the water with a statement, and wait.

[radioman]

I would say that vehicles like 401k are likely to be targeted first. For the public good, of course. Other socialist coups have done so, and some of our own bastard Democrats have spoken it aloud, which is always the first step to manifesting their goals. They test the water with a statement, and wait.

This is the kind of information we need to compile into a complete list and ranked.

[Libertas]

Pension funds like 401(k) & 403(b)'s are vulnerable, I've suspended my contributions until I can get a better read on where we're headed.

Other assets will be targeted by stressed budgets, I could see escheatment laws streamlined to make it easier for states to grab dormant accounts, perhaps even defining "dormant" to a ridiculously short period of inactivity.  This would place just about every traditional investment and banking account in jeopardy.

Property is good but we've all seen eminent domain abused and broadened and proglodytes love to keep telling you what you can & cannot do in your own home/property...I have to problem pulling a trigger to protect me and mine!  Still, the larger the property the harder it will be for them to raid incrementally.

Vehicles continue to look ripe for attack via eco-nazi regs and psychotic cafe standards.  Maybe owning some horses makes sense!

Valuables (government issued gold) has been confiscated before, could be again),..I recommend bullion and staying away from the federal crap!

[charlesoakwood]

Historically, if the new government survives, preservation will only be achieved by finding a way to be a complement to the new system or expatriation.  

Time is running out for an instantaneous polarity shift therefore wealth and independence will continue to be eroded as we are witnessing regardless which party is in control.  They will go for the softest targets first as IDP suggested and what they cannot appropriate they will partner with.  Property owners will not have the independence they do today but may become the administrators of said property along the lines of "rent controlled" property is in NY.

On the other hand, if you can afford it, there is always Switzerland.

[Libertas]

I can't afford Switzerland.

I can afford lead.

[Pandora]

I can't afford Switzerland.

I can afford lead.

Even if I could, bullsht to that; I'm not leaving the place to them.

Bullion.  *sigh*

[radioman]

Again, we need to start brain storming to figure out what assets are the safest looking into the future.

[Pandora]

Real property is what Libertas is suggesting.  Not just land, but horses/livestock and .... bullion.

Radioman, is what you're looking for a stock/bond/mutual fund type solution?

I just had to turn Rush off; he's jip-ing Duh Wun.  Can't stand to listen.

[charlesoakwood]

 So, you don't like the Swiss?  hmmmm

     Not just land, but horses/livestock and .... bullion.

Livestock is an asset only to those who are accomplished in animal husbandry, trust me.
If you are still interested,  JF's WTSHTF suggestions are a good start.
Annual 1980 dollar cost of horse upkeep, for the knowledgeable, 1K feed and hay, 1K+ vet.  This does not include proper shelter, paddock, fence, and water.  There are reasons horses have always been the transportation of the upper class.  Of course, a good horse and tack will always identify you as superior.


    Radioman, is what you're looking for a stock/bond/mutual fund type solution?

My inclination is to spread the wealth, if one or two miss then, hopefully, the third will continue to provide growth.

[Pandora]

My inclination is to spread the wealth, if one or two miss then, hopefully, the third will continue to provide growth.

Unh hunh.  You did notice radioman was asking for specifics, right?

[radioman]

I'm interested in the investment that provides me with the BEST protection from the government.

We should be able to identify and rank all the investment types and vehicles per the best insulation from the government.

Whether that is mutual funds, bonds, CDs, savings accounts, real estate, metals, coins, horses, . . . . . .

They all have a risk factor regarding the government. Questions is: which one provides me with the best safety?

 

[charlesoakwood]

My inclination is to spread the wealth, if one or two miss then, hopefully, the third will continue to provide growth.

Unh hunh.  You did notice radioman was asking for specifics, right?

Speaking specifically about safe investing and government taking at any time is touchy, in today's environment predicting the weather is less difficult. Before this is over we are going to have a government with values different than today, either way it goes.

The three areas I was referring was: real property - on the downside it's rental -on the upside it will keep up with inflation (if you do, do diligence), conservative investment vehicles such as Vanguard, and real money.

What are your specifics?

[Pandora]

My inclination is to spread the wealth, if one or two miss then, hopefully, the third will continue to provide growth.

Unh hunh.  You did notice radioman was asking for specifics, right?

Speaking specifically about safe investing and government taking at any time is touchy, in today's environment predicting the weather is less difficult. Before this is over we are going to have a government with values different than today, either way it goes.

The three areas I was referring was: real property - on the downside it's rental -on the upside it will keep up with inflation (if you do, do diligence), conservative investment vehicles such as Vanguard, and real money.

What are your specifics?

If I had any, I'd be sure to contribute.  I'm firmly in the "I have no clue and I'm worried to death about it" category, as I stated previously.

The best I can offer is beans, bullets and band-aids.  Oh, and now, beef.

[IronDioPriest]

In all seriousness, I can easily imagine a scenario in which lead, brass, and gunpowder are more highly valued than gold.

[radioman]

My inclination is to spread the wealth, if one or two miss then, hopefully, the third will continue to provide growth.

Unh hunh.  You did notice radioman was asking for specifics, right?

Speaking specifically about safe investing and government taking at any time is touchy, in today's environment predicting the weather is less difficult. Before this is over we are going to have a government with values different than today, either way it goes.

The three areas I was referring was: real property - on the downside it's rental -on the upside it will keep up with inflation (if you do, do diligence), conservative investment vehicles such as Vanguard, and real money.

What are your specifics?

Well,
what we do know is that the government is going to start raiding the assets from those that have assets because the government is broke.

Each type of investment has its pros and cons as to how vulnerable they are to government confiscation or undue regulation.

Real Estate - Rental property is good during times of inflation but the government may force too high a property tax burden, may impose regulations on landlords that might make it impossible to see any income of any value. Who knows? Imminent domain may seize your property so that the guv can collect higher taxes.

Mutual funds/401s/iras/ - tax burden going in and out - government may start a program where they manage your funds for you whether you want them to or not....

Banks/CDs - bank closures, bankruptcies, I don't know what all can go wrong here...someone mentioned inactive account seizures...

Gold and silver - the guv will want to track who has what ....

Guv may take all your assets when you die.....charge excessively high taxes to those that inherit....

What about LLCs, and other forms of accounts to protect assets? Trust funds, etc...??

I guess I'm hoping that some experts can come on here and advise us where the best place to hide our assets.

[Predator Don]

My inclination is to spread the wealth, if one or two miss then, hopefully, the third will continue to provide growth.

Unh hunh.  You did notice radioman was asking for specifics, right?

Speaking specifically about safe investing and government taking at any time is touchy, in today's environment predicting the weather is less difficult. Before this is over we are going to have a government with values different than today, either way it goes.

The three areas I was referring was: real property - on the downside it's rental -on the upside it will keep up with inflation (if you do, do diligence), conservative investment vehicles such as Vanguard, and real money.

What are your specifics?

Well,
what we do know is that the government is going to start raiding the assets from those that have assets because the government is broke.

Each type of investment has its pros and cons as to how vulnerable they are to government confiscation or undue regulation.

Real Estate - Rental property is good during times of inflation but the government may force too high a property tax burden, may impose regulations on landlords that might make it impossible to see any income of any value. Who knows? Imminent domain may seize your property so that the guv can collect higher taxes.

Mutual funds/401s/iras/ - tax burden going in and out - government may start a program where they manage your funds for you whether you want them to or not....

Banks/CDs - bank closures, bankruptcies, I don't know what all can go wrong here...someone mentioned inactive account seizures...

Gold and silver - the guv will want to track who has what ....

Guv may take all your assets when you die.....charge excessively high taxes to those that inherit....

What about LLCs, and other forms of accounts to protect assets? Trust funds, etc...??

I guess I'm hoping that some experts can come on here and advise us where the best place to hide our assets.

One of my "hobbies" today is exploring the opportunity to buy other currency. As the dollar slips, other currency becomes attractive. Now, I am a babe in this, checking currency, but it could be a safehaven of sorts.

I also keep some cash in hand and silver. I'll hoard anything silver. The coin may become worthless, but the metal will not.

[AlanS]

One of my "hobbies" today is exploring the opportunity to buy other currency. As the dollar slips, other currency becomes attractive. Now, I am a babe in this, checking currency, but it could be a safehaven of sorts.

One of the guys who works offshore here has about $300 in Iraqi Dinars. He hasn't gotten much on his return yet, but he's still optimistic.