Back in September moved to 100% capital preservation in 401K

One of Warren Buffett's most famous investment sayings is “Be fearful when others are greedy. Be greedy when others are fearful.”

Trusting in any fiat/paper/digital currency investment now is financially suicidal.

They are about to terminate all of it to replace it all with that one world digital currency that THEY introduce and distribute based on social credit status.

Last Edited by Sentient Transient on 09/15/2021 12:00 PM

LOL, they're going to simply take everyone's 401K's and put into a pool and re-distribute to those in need. Who isn't going to be you.

Last year there were tax breaks to take lumps. Not sure about this year but still a good idea to take the hit instead of losing it all.

i am not a financial advisor but i advise the latter. stock market is a hyper-inflated balloon and could (will) go anytime

i don't have much in my pension but it's stock market based and i will take it out just as soon as i can, real soon hopefully

Yes. And I prefer to get 2% in a bank where I can get my hands on my cash rather than someone holding my money, when transactions take a week or more.

In the event of a nuclear war that money held by brokers will be frozen and... possibly lost. At least banks are FDIC insured to 250k.

Very true, well said.

Take a week or more?!? Do you still read the newspaper for ticker prices?

After January 1, if all goes well, digital banking will mean getting your hands on your money immediately. No longer can brokerages hold your money and make money on your money for the 2-10 days they delay, which should be illegal.

Further, the Gold Standard will give value back to US currency and balance things out for the future. Balance, accounting, accountability, no scams and con artists, no Wolves of Wall Street, no more bullshit. #hopefully.

Fail.... look at 1929. That dip lasted 20 years before break even. Dont listen to this clown

You would break even a lot sooner than 20 years if you continue to invest and average down.

Exactly, prior to 2008, the fed's balance sheet was a measly $800 billion. Currently it is close to or over $500 trillion. They have been printing like a mofo all in order to keep the illusion alive!

His other saying was, "it helps to have a relative who is a congressman...".

I've been thinking of selling some btc. I've never taken profits so far. Its at about 120k now. I got 4 acres in rural area and built my own house. No car payment. Just food and electricity and property tax. I got 20k in saving and a 10 by 10 room full of rice and beans and freeze dried foods. I'm thinking about selling 20k in btc. Just got a feeling to do it. I am taking a salaried positing on october 1st. 1400 a week to sit at home and wait for the company to call me to work. Then when i do work its 7 12s . Anything over 40 is time and a half. so about 3k when i actually am working. But i'll quit when they require the vax. Its construction but eventually theyll cave and I'll have to start working for myself. I really want to have a good bit of cash on hand. Also Theres some prepper things i want. Only thing i don't like is paying the capital gains in 5 years if btc is 500k ill kick myself. but...... I'd also like more ammo and food and cash on hand.

I switched h

won't help when that $250k is hyper-inflated to almost worthless

I switched 100% of my retirement account over to a reit fund.
It's outpacing the stock funds.

Democrats Want to End This Lucrative Retirement Account Loophole

Patrick Villanova

Tue, September 14, 2021, 1:44 PM·5 min read

Democrats are proposing a number of tax reforms related to retirement accounts, including the elimination of backdoor Roth IRA conversions for the wealthiest Americans.

Congressional Democrats want to slam shut a tax loophole known as the “backdoor” Roth IRA. In one of several proposed changes that target the retirement accounts of wealthy Americans, Democrats on the House Ways and Means Committee want to prohibit people who make more than $400,000 per year from converting pre-tax retirement savings accounts into a Roth IRA. The proposed reforms are part of the Democratic push to raise taxes on the wealthiest to fund a $3.5 trillion spending plan.

What if the funds get bailed in? If you want to go all the way, go all the way. Take that cash out!
Burry bought puts of the 20 year bond.

Went to high dividend stocks, mostly energy trusts about a month ago, and about 1/4 cash. Noticing this week that others have started doing the same!

Investment manager friends that manage client funds told me they've moved to 75% cash, 25% safe and solid growth for their personal investment strategy. No discussion about what they're doing with their clients funds.

Friends, don't assume that when you want to get everything out, you'll be able to that day. Even today without any bank runs, it's impossible to withdraw more than $1-2k per day at the ATM - both the checking accounts and the machines have limits. Also most non-bank institutions (paypal, or investment houses for example) have 3-day clearing times, or 5 day hold periods for bank withdrawals. If you are concerned about having access to your cash, take some out now. Just like, if you are concerned about not having water, make arrangements now.

Nice setup. I'm jealous.
I've read about TP levels - take profit levels - it's OK to sell a portion of your stocks at certain levels, as an insurance policy.

I'm going to liquidate inherited IRA stocks today.
I'm way overweighted in Willams Co NG pipelines and they are on ok bounce. It's good that its a mostly flat seas stocks day.
Will hodl onto my PM trust stocks for now.

It's that nagging gut feeling that I haven't been able to shake for several, 'think I'll sleep on it' nights in a row.

Final, 'RUN Forrest' signs for me were,

1) Biden's last Thursday declaration of war on 46% of American citizens and ALL medium to large businesses.
2) NY Fed DELAYED (downgraded) Q3 forecast + Atlanta Fed's leak of 41% lower drop than what it had already been downgraded to.
3) Mic OFF drop from yesterday that Biden's handlers have Total Censor Power over and above the Nation's Chief Executive Officer.
4) Afghanistan aftermath exposing that Milley and Blinken control the Pentagon, US Military and the Nuclear football that POTUS fumbled upon entering stealing the Oval Office.
5) World's #1 or #2 largest economy, China just went Full On '08 Lehman Brothers...yesterday.
6) New petty cash/$600 Fed transaction tracking EO
7) California's electronic CANCEL of the Newsom Recall...last night.
8) Looming Gov't budget shutdown where Biden's Officially designated "Enemies of America"/red State Republican lawmakers probably won't negotiate with these Terrorist backers/builders of the Taliban Terrorist State.
9) Masterfully kept hidden "vaccine" fueled death spike hockey stick to the sun that is now about to Black Swan the world from October Surprise into Great Reset 2030.
10) Biden's 5PM this evening (just after market close) Stalin Safety speech...with Puppeteer's manning the Mic OFF switch.




Last Edited by TerraFirma's Esoterrorist on 09/15/2021 01:19 PM

OP, I have been there for a while.

I'm also adding 2 more bedrooms and second bathroom for my kids. Also turning the patio into a green house. Also have a nice chicken coop. Build out of a meat locker freezer walls good insulation and was free. Next thing i want is a solar system. The feeling of not having any bills after that will feel great. property tax is less than 2k a year. Then i might get me a part time simpleton job.

Thank you - all together in a list, the signs can't be ignored