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Post by ziggysdad on Jun 16, 2016 0:49:48 GMT 10
If you have the means, keep a chunk of retirement assets in other countries to spread the risk around. I've met people here who buy property sight unseen in the US as investments (I'm not sure if foreign rental properties are allowed under self managed superannuation). A three bedroom, two bath house on a few acres in New Hampshire,Vermont or Maine is 1/4-1/3 the cost of a comparable home here. I've also been looking at large cattle properties near chinchilla (I like watermelons!).
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Post by ziggysdad on Jun 16, 2016 0:39:05 GMT 10
Iceland has rebounded surprisingly well...Unemployment is down, interest rates have deflated and pre-crisis output levels are now being surpassed.
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Post by ziggysdad on Jun 16, 2016 0:34:18 GMT 10
I agree - flee the country in the event of hyperinflation- unless you own a lot of land and can be self subsisting for a couple years.
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Post by ziggysdad on Jun 16, 2016 0:32:10 GMT 10
I was in Zimbabwe just after their currency hyper inflated for the second time (they then went to the USD) and it cost $200,000,000,000,000 for a loaf of bread - that's right, two hundred trillion dollars for a loaf of bread. The military (or armed freedom fighters) occupied the farms and everything went belly up really fast.
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Post by ziggysdad on Jun 16, 2016 0:24:16 GMT 10
I just transferred a big chunk of $ to the US today for fear that the AUD might suffer further losses if the UK leaves the EU.
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Post by ziggysdad on Jun 16, 2016 0:13:48 GMT 10
I've seen the movie, but haven't read the book. Very similar to the Susan Beth Pfeffer books. I should have also included The Long Walk by Slawomir Rawicz. I find books that I love and read them every year or two...someone usually starves to death in every book. Probably why I am so committed to stockpiling food so that I never have to watch my daughter go through that.
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Post by ziggysdad on Jun 15, 2016 23:56:55 GMT 10
I'm prepping for most of the same reasons as Peter. The everyday and the catastrophe. I would add coastal flooding/rising oceans to the list, but otherwise he has summed it up nicely.
I think I've read too many books and watched too many movies to not do something...for my family's sake. Some of my favorites:
Kim Stanley Robinson's 40 days of Rain trilogy Susan Beth Pfeffer's Life as we Knew it series Gary Paulsen's Hatchet series Laura Ingalls Wilder The Long Winter Day After Tomorrow
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