When times are bad the banks disappear.

Everyone should have an emergency bank account, with enough money in it for urgent issues. My aim is to have enough money to get us over to Australia and into the private system if we get seriously unwell — which would be a lot of money. At least twice in the last four years one of us has had to pay for private surgery in another town because the required treatment was either unavailable or there was a waiting list over a year in the socailized regional health system.

And I keep that money in bank accounts. Having said that, the number of branches in my town — which is not small — is diminishing. I’m not quite this paraniod, but then NZ has not had the government confiscate gold. The USA has. We also did not have prohibition. Which brings to one thing to store in the house: cheap strong booze. Not for drinking. For disinfectant.

Even in normal times, the last place I want a pile of money is in the bank.

You should have a bank account, sure, to deposit and cash checks.
And you should probably take your cash out the same day it hits the accounts, except to cover checks and debit card usage.

In the Depression, banks simply closed. No money for you. That, alone, should have wised the whole world up. They also gleefully let the .GOV riffle through "safe deposit boxes" (two lies for one) and take contraband gold specie at the government-set price. How white of them. If your grandfather had buried an ounce of gold in 1932, it’d be worth upwards of $1700 now. The government paid $20 and change per ounce then. $20 then went farther, but even invested, it wouldn’t be likely worth $1700 now. Get a clue.

Keep a cash float on hand, sure, because ATMs don’t work in a power outage, computer glitch, or natural disaster. I’d suggest aiming for 3 months’ expenses, minimum. Anything lasting longer than that is a bit bigger than a small crisis, whether general, or personal. The rest should be in more tangible things: gold, silver, weapons, ammo, tools, or non-perishable trading commodities Let alone land. If your 401K or mutual fund is what it is, I get it. But in a crunch, like the hiccup of 1929, it’s gone in a flash. Digital assets even quicker than paper ones, btw. So you need a place to keep things that isn’t a bank, nor under the mattress.

And that’s what a cache is for.


You need to hide it somewhere you can get it. Preferably somewhere you control. Otherwise, you won’t find it when you need it. And you won’t need to find it until the banks are closed, and you need cash or goods. Wilder is correct in what to put in storage: water filters over water, and forget food.

The last thing is that if I have a cache, i need to be able to find it and access it when I need it. If i hid it so well that even i can’t find it, it’s lost. Perhaps some future archaeologist might find it interesting, but that doesn’t help me. As I’ve recently seen, I can’t even remember all of the 300 or so passwords I have, so trying to remember where I buried my cache in a decade might be difficult if I can’t remember “password123”.

This is not digital. It is not crypto. Michael Synder is reporting on the Feds in the USA raiding people who use crypto to pay for stuff… because the Fed does not want the competition.

As I have always said, national governments were not going to just stand by as private citizens created brand new currencies that were completely outside of their control.
In the western world, governments seem content to allow people to treat cryptos like collectibles. They can be legally bought and sold through approved marketplaces just like other speculative investments can.
But any attempts to make Bitcoin or any other cryptocurrency into a viable medium of exchange that operates completely outside of government control will simply not be tolerated.
This is why I have never gotten very excited about cryptos. If they are never going to be allowed to be true independent “currencies”, what sort of a future do they actually have?
All over the globe, national governments are becoming more authoritarian with each passing year, and that process has greatly accelerated during the current pandemic.
I know that a lot of people out there dream of truly independent libertarian “utopias” that exist outside of that paradigm, but as national governments become increasingly authoritarian where will it be possible for such “utopias” to actually exist?
Throughout human history, tyranny has been the norm. Our founders attempted to establish a society in which certain freedoms and liberties were guaranteed, and that society greatly flourished for a time, but now our freedoms and liberties are being stripped away a little bit more with each passing day.
So let us mourn for America, because the path that we are currently on doesn’t lead anywhere good.

There are local variations. In New Zealand, bullion is not subject to GST, but can be taxed buying and selling, but collectable coints and stamps attract GST in addition.

My worry about gold is that no one locally uses it so it is not good for barter. Better to have some cash.

Our government is trying to "manage" holiday homes and homes held empty because renting is no longer profitable. If they will go for your house and send SWAT teams around to get bitcoin caches,assume the government are tyrants.

So, above all, when you squirrel resources away, observe operational secuity.

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Gunner Q
5 months ago

I had my checking account hacked a short while ago–my own carelessness. Between a Federal holiday and the massive labor shortage in USA, it was a full month before I got account access back. Was very glad I had a few thousand in cash under the mattress–had to pay that month’s rent with it.

The banking system plans to go digital but until then, a few months’ cash to handle crises and system shocks is prudent.

5 months ago

Water filters above water is good advice depending on where you live. If you are in the desert, there may not be much to filter.

I like food. Takes some time to grow your own plus you may have to move somewhere that food grows. I have enough to eke out an uncomfortable living for a couple months. I won’t be enjoying it, however, but I won’t be starving. Lots of beans, grains, rice. Cans of tomatoes and fruit. Hot sauce and peanut butter for variety and trading. Vitamins. Also not planning on burying it in the woods.

Ammo, yes.

Gold and silver: people might not take it now but they might take it down the road when they realize that they have a surplus of something you need and no way to move it easily. Cash is nice but with inflation starting to creep up on us it might not be worth much.

Seeds for growing starter crops. Doesn’t cost much for the basics and you can do it in your backyard if the hordes aren’t out.

Books. Foxfire series on how to do stuff by hand. Survival medicine for when the doctor and hospital aren’t readily available.

I suspect that (fantasizing about what to do if it’s the end of the world aside) what most of us really need is enough to get through. To supplement what is still available and to tide you over until you can find a place in the new order.