Wednesday, June 08, 2011

"A hope is not a plan."

I am reading Dave Voda's book How to Protect Your Money from the Coming Government Hyperinflation on the Kindle. The book is a must if you are worried about high inflation as it gives what seems like good strategies of how and where to invest your money in the coming years to hedge against inflation.

Voda points out that the government talks a good game of "hope" that things will turn out alright but he states "a hope is not a plan. So while our politicians have adopted a policy of 'hoping' everything will turn out okay, it would be prudent for the average citizen to plan what to do in case it does not."

Some highlights include how to buy silver (he doesn't seem as big a fan of gold), the warning signs of an imminent currency collapse, tangibles to keep at home and the reason your IRA may not be safe. Scary stuff. But I guess it's better to be prepared than be caught by surprise.

I just hope the plan I put in action is the right one. The book seems helpful and for $2.99 on the Kindle is definitely worth it.



Blogger Zorro said...

Hope in one hand and crap in the other.
See which piles up first.

11:43 AM, June 08, 2011  
Blogger HMT said...

$2.99 is a good price point. He'll either have some decent (general) advice or it will provide a good laugh. A good deal either way.

Silver crashed about a month ago. It's recovering but that seems like a risky thing to be dumping too much money in. If you had followed his advice back when he wrote it (Sept 10) you'd still be sitting pretty. But if you picked his book up back in late April and bought up some silver you'd be crying. You can't get narrow investment advice from a book (or TV show or blog) and expect it to pan out. Stocks, commodities (pork bellies!) whatever. You've got to do the research, diversify.

I'd also warn against betting COUNTER to recovery. Definitely look into things that aren't tied directly to major indexes and currency but beware of over committing to investments that run counter to those things. The entire WORLD is dialed into some kind of recovery being a success. Anything you invest in is going to be priced by a large market of human beings. Each whiff of recovery (real or phantom) will cause a dip in your counter investment. This makes for an extremely volatile investment environment.

1:13 PM, June 08, 2011  
Blogger Mario said...

Precious metals aren't an investment: they're a hedge against economic collapse. If you're buying silver (or gold) hoping for a return, you're doing it wrong. You buy precious metals with the hope that you'll never be in a position where you'll be able to profit by your holdings, because the conditions that will make that possible will make life hell, overall.

8:55 PM, June 08, 2011  
Blogger br549 said...

I'd give my eye teeth to be a fly on the wall at this meeting.

"In 2001, Denis Healey, a Bilderberg group founder and, for 30 years, a steering committee member, said:

'To say we were striving for a one-world government is exaggerated, but not wholly unfair. Those of us in Bilderberg felt we couldn't go on forever fighting one another for nothing and killing people and rendering millions homeless. So we felt that a single community throughout the world would be a good thing.'"

5:59 PM, June 09, 2011  
Blogger br549 said...

6:01 PM, June 09, 2011  
Anonymous Anonymous said...

Frankly, I want to get in on this action.

Can anyone suggest any scare titles to sell books with? I've got relevant, good-sounding university degrees, so I think I can sell this stuff too.

Nazi hyperinflation? Robot zombies from the future? Naw, it's got to be something that real people will fear and want to read about. As if I know the answer (and as if I care, as long as I get my money from Amazon).

6:16 PM, June 09, 2011  
Anonymous Anonymous said...

My dad bought a book in the late 1990s called "Dow 15,000" or something like that from a Harvard-educated (!) economist. He said that the stock market was on the verge of exploding. And then came 2000-2002.

But I'm serious, I want to get in on this action. Anyone want to read my bullshit?

6:19 PM, June 09, 2011  
Blogger Zorro said...

JG: Over at HotAir, they just revealed the Chinese sexbot for $5,000. It talks, laughs at your jokes, and fits comfortably in your closet.

If you can't make a conspiracy out of that, you're not the man I take you for.

7:15 PM, June 09, 2011  
Blogger TMink said...

JG, I have enjoyed reading your bullshit since you started posting here!!!!!!!!!!

Sorry pal, it was just too funny to write! All in good fun man, I can barely type this I am laughing so hard!

I think the title needs to have Surviving or Survival in it, or maybe Escape or Escaping. Collapse, Chaos, Class War or Race War would work.

How about "Surviving the Coming Race War" and then write all kinds of multi-cultural garbage in it. That way you get the survivalists, the race paranoids, and the progressives all in one fell swoop.

If you write it, can I write a blurb on the back cover to help promote it?


9:34 AM, June 10, 2011  
Blogger Robert said...

There is a very old word in the English language for people who don't confront reality and plan accordingly.
We call them "losers".

12:48 PM, June 10, 2011  

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