You're a struggling middle-class slave, but what to do before the economic crisis hits?

Hello GLP'ers. I've thought about this question because I'm like many here who likely can be described by the title of this thread, a struggling middle-class slave, and what to do to prepare at best should the economic crash happen.

Here's is the best I can think of, and maybe others can post any better ideas.

Say, you live check-to-check. You don't have enough to buy gold and you don't have enough to buy silver. But if you can afford to set aside $20 USD maybe even $10 a week, there still might be hope as late as the game is. I only wish I thought of this earlier and posted it here for others.

First of all there are economic indicators, rumors and news that the domination of the US dollar as a world reserve currency is near the end. But nonetheless, no matter how devalued our dollar is or will become (i.e. worthless) people will still need something to serve as money to buy the goods that may still be available.

Here is what I believe you can do to still prepare. Get US dollar minted coins. That's right. Start exchanging those paper base Federal Reserve Notes for at least $1 dollar coins, be it Eisenhowers, Susan B's, Sacagawean's (my favorite) even those lousy presidential coins. Start exchanging for Kennedy Halves and if necessary the lesser coins.

Here's my reasoning. A US minted coin says nothing on it that would associate itself to the crooked central banking thieves that have been stealing from the US public since 1913 (i.e. you pay your taxes to pay interest to the Federal Reserve for our government to borrow its own money). When the dollar crashes I think slowly but for sure there will be a separation of value from the paper based currency to the coined based currency in peoples minds. I think over time, if there is no economic recovery to happen soon enough, people will begin to value more the coin base currency from the paper based one. I can see folks having a distain for anything with "Federal Reserve" written on it and perhaps even two prices for the same goods, say eggs for 8 coined US dollars while one would have to pay $21 with the paper based Fed Note.

As a matter of fact you can see some of this happening today, where the coined based money is valued more than the paper dollar. If you go to the US mint it will cost you slightly more in paper dollars (or credit) to buy the same coined money having an equal face value, and every year prices are rising.

But you don't have to buy from the US mint to exchange your Fed Notes for coins and start saving. You can go to the banks (for now) and ask for any $1 coined denominated money, or try to get your change in coins when you shop at stores.

Now why would this make more sense in most American minds? Article 1 Section 8 of the US Constitution states the US Congress will "Coin Money" (presumably with metal), and nothing about the Federal Reserve, an organization based on private banks, to "Print Money" (with paper).

So, I consider coined money as sovereign money for the United States per the Constitution.

Anyway, there's still some time, and at best if there is no economic crisis, you will have hopefully made a tidy savings.

I hope this makes sense to ya'll



P.S. a pin and some stars would be nice if you think this is good advice!

Last Edited by Nexus-9 on 02/01/2014 02:05 PM