Hmmm - a lot to comment on.
I enforced Ohio laws for 28 years and there is no law permitting confiscation of a vehicle just for having a hidden compartment. If there is evidence the compartment was used for illegal purposes, such as a dusting of white powder field testing positive for opiates, that's a different matter. Just for having a hidden compartment, no.
There is no legal precedent, or historical illegal occurrence, of the 'the government' arbitrarily grabbing money from the banks. Freezing individual accounts or confiscating assets used or acquired illegally, and seized with a court order - yes.
The value of precious metals is speculative, volatile, and will not hold value in emergency situations: you can't eat it, drink, and the metal is too soft to make a viable tool. Tools which can aid in building shelters and acquiring food will be more valuable than pretty, but worthless, metals.
If the economic situation becomes so bad the banks fail, which has never happened, we're all screwed anyway. The stock market crash of 1929, in itself, was not so terrible - what was terrible is the stock market was relatively new and investors, brokerages and bankers didn't know how to handle the situation when the general populace got frightened and started a run on the banks. Should the same events occur today, there are procedures to handle it, and most investors wouldn't panic, but wait it out.
Reasonable inflation is the sign of a healthy economy and market, and isn't an issue unless individual earnings don't grow at the same rate. Deflation is the bigger problem.
66788 said:
The problem is not with the banks losing your money, it's with the dollar itself. Anyone with assets denominated in US dollars is holding a toxic asset.
Hard assets are the only way to preserve wealth. Tools, guns, silver and gold etc. You don't have to believe that this will happen for it to affect you. It's kind of like gravity. Not just a good idea; It's the law!
The US dollar is globally the most stable and least volatile currency - it's the currency the global market is based on, and is considered by foreign investors - governments included - to be the most stable vehicle for investments.
If it gets to the point that tools and guns are the priority, as I said before, we're all screwed anyway and your 90 days of food will prolong your starvation by about 90 days - unless someone more proficient with their guns takes it away from you sooner than that. If it's that bad, the situation's not going improve in 90 days so you're attempting to prolong the inevitable. Mankind will eventually destroy itself eventually, but I doubt in my lifetime; or my son's
Bdog1 said:
Thx 66788.
You can get your money "stolen" without even opening the safe door. The loss in purchasing power is due to inflation. (The inflation we don't have according to the government.) There's no need to drive around to the banks and load it all up!
According to government agencies, inflation is currently just beneat 2%. Financial NGOs agree with the assesment.
akrvbob said:
I'm pretty pessimistic for the future, especially for American dollars. Inflation is so much more likely than all the other risks we face and probably more devastating to most of us. That's the thief I'm worried about. 10 years of 10% inflation will solve the government debt problem, but also wipe out your 401Ks and savings accounts. History and common sense say that you can't have this level of government debt without ending up with inflation.
So some of my money is safely hidden in a 6 months supply of food, which I doubt anyone would want to steal--yet. Also in guns, ammo and other survival basics. Also in gold and silver kept off-site. Inflation proof.
Bob
Inflation will not solve the government debt problem - inflated dollars do not go into government coffers. Government debt may lead to an increase in taxes - but that's not inflation. Two completely different animals. Precious metals are far more precarious, for reasons I gave above. When the situation gets that bad, who's going to give you food for a handful of metal with no survival value ?
Common sense is generally not that common, and I'm interested in what historical events you are referring to. Economics is a hobby of mine, and I'd be interested in the specific examples you have in mind.
Seems we got off topic lol.
I keep several lock boxes, one 'fireproof' secured in various locations. It would take someone searching a bit of time to find them, and they'd need some heavy duty tools to remove them. They can be welded in place. A heavy chain can be welded to the boxes, and secured around a frame member, or the other part of the chain can be welded to the frame, if necessary.
