Incoming Recession 2022/2023

[BackInTheGame78]

Fellas, the incoming economic calamity is no joke. This is not the time to live in a bubble and dismiss everything as a conspiracy theory, we simply don't have the luxury of naivete anymore.

The best advice I can give is to surround yourself with family and friends you can trust and ignore all troublemakers, drama queens, narcissists, leeches, deadbeats.

Be ready to ask for help from family/friends when you need it, and be ready to offer help to family/friends when they need it.

Ehh... whatever happens happens...I'm a senior software engineer, I'll be fine. Switched jobs twice since the pandemic has started and both came with 15-20K raises. Also permanently remote now, so don't have to worry about gas/parking costs skyrocketing with commuting.

Quality SE's are pretty close to recession proof, we luckily live in a kind of fantasy world that doesn't exist for most jobs/people.

 

[jaygreenb]

We used to joke in prepper forums about having livestock and a guy with precious metals wanting to buy a laying hen, and saying “that’ll be a $20 Lib”.

I quadrupled my money from 07’-12’ selling battle packs of .308’s I’d bought for between .08-.16$/round for $1.00-1.25 a round. (SA), I had 50k rounds…. Kept the Radway and Port.

During that time iirc gold went from $325 to $1100 - haven’t looked to see where it is now. About the same return give or take.

Prepping was in style for a few years, remember watching some of those shows dedicated to it and some of the set ups

 

[BackInTheGame78]

In hindsight the biggest money making venture would have been to rent out a huge warehouse and take advantage of being paid $38 a barrel to take oil off companies hands when it went negative during the pandemic, then just simply wait and resell it for massive profits now...

Could have made tens of millions of dollars at virtually no cost.

If you took 100K barrels of oil, you would have gotten paid 3.8 million, enough to rent out a warehouse and pay workers and equipment to transport/stack/store the oil and probably make a tidy profit...

Then turn around today and sell it for over $12 million...

Opportunities lost...

 

[Bible_Belt]

We used to joke in prepper forums about having livestock and a guy with precious metals wanting to buy a laying hen, and saying “that’ll be a $20 Lib”.

I quadrupled my money from 07’-12’ selling battle packs of .308’s I’d bought for between .08-.16$/round for $1.00-1.25 a round. (SA), I had 50k rounds…. Kept the Radway and Port.

During that time iirc gold went from $325 to $1100 - haven’t looked to see where it is now. About the same return give or take.

See also "survival seeds," which are small packets sold to people who have never, nor will ever, grow anything. That's why they don't know they are paying such a ridiculous price.

 

[Pierce Manhammer]

I suggest heirlooms, at least that way the seeds will yield true to varietal…

See also "survival seeds," which are small packets sold to people who have never, nor will ever, grow anything. That's why they don't know they are paying such a ridiculous price.

 

[jaygreenb]

In hindsight the biggest money making venture would have been to rent out a huge warehouse and take advantage of being paid $38 a barrel to take oil off companies hands when it went negative during the pandemic, then just simply wait and resell it for massive profits now...

Could have made tens of millions of dollars at virtually no cost.

If you took 100K barrels of oil, you would have gotten paid 3.8 million, enough to rent out a warehouse and pay workers and equipment to transport/stack/store the oil and probably make a tidy profit...

Then turn around today and sell it for over $12 million...

I don't think you can do that legally, there are definitely regulations regarding storage/transfer etc and the oil was coming from major refineries. Not sure they let someone just roll up with some empty barrels.

 

[Pierce Manhammer]

Yeah I was a prepper way before the zombie craze. I built a 5br/3ba on 40 wooded acres, on pv, two wells, wood heat, backup Cummins converted to propane, wood stove in the kitchen alongside a propane stove and fridge. 20 cords seasoned bucked and stacked. Huge veg beds, protein on hoof, claws and pads - my forest was prime winter forage for all large mammals and was harvested about every 10-15 years. 5 years of balanced grains, veg, pasta, sugar, powdered milk, all bucketed and vacuum sealed by hand for a family of 5 counted out a 3500 kcal per person per day.

I had poured RV pads and hookups for 5 rvs with a 5kw in support and a septic to support them. Power would’ve gone in later in pv. This was for friends that would’ve bugged to my property with family. Everyone had roles all of us vets.

We had preprepped berms and defensive positions across the property with waterproof range cards stored in ammo boxes at each one. We had charity backpacks to hand out to wanderers we would come across well removed from our property as we had live game cams and and a nice little wifi mesh network that was solar powered.

We had the 32 potential choke points on the way to the undisclosed location all mapped and alternates selected in case of them being an issue, fortunately most of the mileage was across barren and or unpopulated areas in the northwestern redoubt.

Ahh yes those were heady days.

Prepping was in style for a few years, remember watching some of those shows dedicated to it and some of the set ups

 

[jaygreenb]

Yeah I was a prepper way before the zombie craze. I built a 5br/3ba on 40 wooded acres, on pv, two wells, wood heat, backup Cummins converted to propane, wood stove in the kitchen alongside a propane stove and fridge. 20 cords seasoned bucked and stacked. Huge veg beds, protein on hoof, claws and pads - my forest was prime winter forage for all large mammals and was harvested about every 10-15 years.

I had poured RV pads and hookups for 5 rvs with a 5kw in support and a septic to support them. Power would’ve gone in later in pv. This was for friends that would’ve bugged to my property with family. Everyone had roles all of us vets.

We had preprepped berms and defensive positions across the property with waterproof range cards stored in ammo boxes at each one.

We had the 32 potential choke points on the way to the undisclosed location all mapped and alternates selected in case of them being an issue, fortunately most of the mileage was across barren and or unpopulated areas in the northwestern redoubt.

Ahh yes those were heady days.

haha wow, that is some serious prep! I think every adult non ghetto/soy male 30+ has some degree of prepper in them. Sounds like you had a pretty sweet set up. I have some stuff but nowhere close that

 

[BackInTheGame78]

Yeah I was a prepper way before the zombie craze. I built a 5br/3ba on 40 wooded acres, on pv, two wells, wood heat, backup Cummins converted to propane, wood stove in the kitchen alongside a propane stove and fridge. 20 cords seasoned bucked and stacked. Huge veg beds, protein on hoof, claws and pads - my forest was prime winter forage for all large mammals and was harvested about every 10-15 years.

I had poured RV pads and hookups for 5 rvs with a 5kw in support and a septic to support them. Power would’ve gone in later in pv. This was for friends that would’ve bugged to my property with family. Everyone had roles all of us vets.

We had preprepped berms and defensive positions across the property with waterproof range cards stored in ammo boxes at each one.

We had the 32 potential choke points on the way to the undisclosed location all mapped and alternates selected in case of them being an issue, fortunately most of the mileage was across barren and or unpopulated areas in the northwestern redoubt.

Ahh yes those were heady days.

If there is a doomsday scenario that occurs, I am not sure what the point of surviving would be, as it would be simply existing rather than living.

Since it most likely would be a nuclear issue anything above ground would be worthless.

 

[Pierce Manhammer]

Absolutely, which is why I sold the property at great profit more than a decade ago and got out of the game…mostly

survival is not enough, one has to live

p.s. my place was in one of the bands of areas that were not down wind of any known large metros or nuke target lists. There are a few of these in the US. It’s easy to see the historical jet stream patterns if you know where to look.

If there is a doomsday scenario that occurs, I am not sure what the point of surviving would be, as it would be simply existing rather than living.

 

[BackInTheGame78]

Absolutely, which is why I sold the property at great profit more than a decade ago and got out of the game…mostly

survival is not enough, one has to live

Nice!

 

[Pierce Manhammer]

Nice!

now ill show up in class IV and my soccom and borrow other peeps shyte (j/k)

On a serious note for those worried about water, get a large berkey table top gravity filter with backup elements, also a Katadyn expedition stainless steel with ceramic filter backpackers filter for being mobile. Turn mud water into drinking water. Don’t buy the stupid water bottles they clog up fast. They also make some straws that work.

 

[Bingo-Player]

You shop lift? Doesn't the door detectors come on when you exit?

Here is a little street wisdom

Most store security is there to deter rather than stop some stores would rather allow a buffer for stock loss than pay for in store security .... sure for expensive items they will try and have them on lockdown

For cheaper items and consumables nothing ..... the most you are likely to find is a small RF tag attached to expensive meat

That can be removed in 15 seconds ...

You also need to be aware you are paying around a 240% overhead on every single item you purchase in some cases that % is way way higher

Sometimes you just need to reality check whom is stealing from whom

Remember in lockdown when the only things that were open were supermarkets ? how much profit did they rake from that ?

yet 1 year later they have the fvcking audacity to raise prices by 30% due to inflation haha

When the game is rigged only fools play by the rules....

 

[FlexpertHamilton]

Lots of replies in here, I'll have to look through.

I'm focused on earning my own income, will probably switch over to an S-corp and try to save as much as I can on taxes.

I have some crypto holdings too but I'm not at all convinced it'll go anywhere.

I've never had much of a work ethic, but now my main motivation to work hard is out of fear, not excitement.

 

[jaygreenb]

You clearly have very poor knowledge of how fiat banking and finance works. If you aren’t born rich in 2022 you’re in big ass trouble. And by “rich”, I don’t mean you. I mean aristocracy. You don’t have to work and you never did. This is a level of wealth you seem oblivious to.

You don’t understand what power and wealth is. You work for your money, you’re a slave in this system. Simple as. Rich people own assets from birth, no debt, and then rent their assets to you. This is family dynasty stuff.

If you have a foot in property now, or even have a few properties. It won’t last long. They will be confiscated shortly.

We are presiding over the greatest global wealth inequality the world has ever seen - 1% own over 50% of the world’s wealth. And that’s just what they’re willing to tell you.

You don’t actually have any real wealth. All your fake Rothschild banknotes that you’ve used to purchase property/assets will be confiscated in the Great Reset due to inequality, war and climate change. Private property will cease to exist very shortly (for you, not them).

Do you pay any attention to the WEC and Klaus Schwab? These are some of the most powerful people in the world and they are directly telling you now what will happen.

What’s happened is that Rothschild has disinherited you and your ancestors over the past 100 years, replaced your real wealth with fake wealth. This giant punking is about to reveal itself when everything you own is confiscated in The Great Reset, and replaced with GovCoin.

Communism happens when people are really, really stupid.

This comes across as a massive cope and excuse for why you haven't achieved. You lie to yourself to make yourself feel edgy, smart and use it as an excuse to not put any effort into life. It's all just futile right? While I do think the middle class is going to get decimated, there will always be a need for 10-20% of the population to produce and innovate for the world to go round. There will be incentives for this to happen and this doesn't come from the .001%. I don't think you have a real grasp on how business, commerce and markets work. Probably watch too much doom porn on youtube and use it as a safety blanket for your ego. If you are low skilled, low paid, have debt and no assets, which is probably at least 50% of the population. You will have a tough go at it. If you are skilled, produce economic value for society and have your finances/assets in order you will be fine. Choose which side you want to be on, sounds like you already resigned to living in your tent in the woods. It's foolish to think it will be 99.99% UBI pod bug eating slaves, there needs to be producers and productive members of society.

The type of wealth you are referencing is the .001%. The vast majority of people I know who are highly successful/wealthy come from middle class backgrounds. It is all very achievable if you are willing to work hard, take risk, sacrifice and be disciplined over an extended period of time. This whole attitude of life is not fair I and I can't do it is pretty weak to listen to. I hope the younger guys don't take your nihilistic outlook to heart and actually build a good life. Any lack of success is your personal responsibility not the .001% boogyman.

 

[Pierce Manhammer]

Wow someone is mainlining Alex Jones drivel, Jesus Christ guys, really? I mean yes governments are known for their want to control and tax everything. But the new world order drivel is just regurgitated crap. Yes the dollar is pegged to nothing except oil, we’ve fought wars and killed for decades to keep the Federal Reserve act of 1913 going, but to credit some greater global plan for all the crap we deal with is puerile.

Do not assume “they” are that organized or united, it’s most likely all incompetence.

This from someone who planned for decades for the collapse, any flavor you want: financial, social, nuclear - it’s not going to happen. I decided to live not just plan to survive.

If you want to read a really good novel pick up Unintended Consequences - many of you would love it. It may be out of print the SJW Woke crowd would burn down the buildings where it’s being printed if it was out still.

wow I found the pdf: https://billstclair.com/Unintended-Consequences.pdf

I should sell my hardcover it’s going used for $200+

 

[BillyPilgrim]

Wow someone is mainlining Alex Jones drivel, Jesus Christ guys, really? I mean yes governments are known for their want to control and tax everything. But the new world order drivel is just regurgitated crap. Yes the dollar is pegged to nothing except oil, we’ve fought wars and killed for decades to keep the Federal Reserve act of 1913 going, but to credit some greater global plan for all the crap we deal with is puerile.

Do not assume “they” are that organized or united, it’s most likely all incompetence.

This from someone who planned for decades for the collapse, any flavor you want: financial, social, nuclear - it’s not going to happen. I decided to live not just plan to survive.

If you want to read a really good novel pick up Unintended Consequences - many of you would love it. It may be out of print the SJW Woke crowd would burn down the buildings where it’s being printed if it was out still.

Happy Hanukkah sir

 

[BillyPilgrim]

This comes across as a massive cope and excuse for why you haven't achieved. You lie to yourself to make yourself feel edgy, smart and use it as an excuse to not put any effort into life. It's all just futile right? While I do think the middle class is going to get decimated, there will always be a need for 10-20% of the population to produce and innovate for the world to go round. There will be incentives for this to happen and this doesn't come from the .001%. I don't think you have a real grasp on how business, commerce and markets work. Probably watch too much doom porn on youtube and use it as a safety blanket for your ego. If you are low skilled, low paid, have debt and no assets, which is probably at least 50% of the population. You will have a tough go at it. If you are skilled, produce economic value for society and have your finances/assets in order you will be fine. Choose which side you want to be on, sounds like you already resigned to living in your tent in the woods. It's foolish to think it will be 99.99% UBI pod bug eating slaves, there needs to be producers and productive members of society.

The type of wealth you are referencing is the .001%. The vast majority of people I know who are highly successful/wealthy come from middle class backgrounds. It is all very achievable if you are willing to work hard, take risk, sacrifice and be disciplined over an extended period of time. This whole attitude of life is not fair I and I can't do it is pretty weak to listen to. I hope the younger guys don't take your nihilistic outlook to heart and actually build a good life. Any lack of success is your personal responsibility not the .001% boogyman.

Others lie to themselves to make themselves feel comfortable

You cool with me referencing this post in a few months or so Jay?

I mean, we just had an election blatantly stolen

And tech, which is where all of those jobs are that you mention, is nowhere listed on Maslow's Hierarchy, last time I checked...

One easy solution is to reduce the workweek with all of the impending automation, however that might deprive you of relative status...

 

[Zimbabwe]

We get stolen from every single day of our lives

I'll do as i fvcking please just like every authority in the world does

You are doing the right thing, these companies collect so much corporate welfare from our tax dollars. You are just taking back what's rightfully yours.

 

[Fruitbat]

There is a growing subset of companies, institutions and stock market insiders that are saying the recession fears are being way overblown and that we will see a slow down but likely not a recession.

Companies have set record stock buybacks the first quarter and seemingly will continue to do so as they are flush with cash, which some claim will head off more downside.


In fact they are already seeing demand falling, supply chains easing which likely will lead to inflation falling.

Recession Fears Overblown: Morningstar Investment Conference

FamilyWealthReport - Exclusive Intelligence for the family office community

www.familywealthreport.com

.

For once we agree.

Recessions aren’t the end of the world. They are 2 consecutive quarters of contraction.

people go on about the GFC but I remember the 80s, double the unemployment, shops everywhere closed. It was nowhere near as bad in 2008. This went on a long time in the 80s.

every single time we get “buy guns and precious metals” and it’s never happened.

If you need a gun, you’re already in big trouble. Look at lawless states like Mexico. The biggest and most violent groups win, and your 9mm and a boarded up window won’t do anything.

2A advocates live in a fantasy world. One of grave danger and fear.

Those of us who are older know recessions and inflation well and it’s not the end of the world.