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What's your breaking point?

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  • What's your breaking point?

    I've been thinking about this for some time now. What would be the breaking point for you? At what point would you stop going to work? What would make you stay home and start defending your family and your property? Is it $5 a gallon gas? $6? $10? Do we really want to wait until the riots start, or is that all we can do? Let me know what you think!
    אני אעמוד עם ישו וישראל

  • #2
    This has been discussed in other threads....i think it was called trigger point or something along that line....and it was also covered in one of the podcasts.
    "It's a trap!!!!" -- Admiral Ackbar

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    • #3
      Sorry. I'm new here. Just a thought.
      אני אעמוד עם ישו וישראל

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      • #4
        Originally posted by xdpatriot View Post
        Sorry. I'm new here. Just a thought.
        No worries....just trying to avoid a duplicate thread. In my greeting to newbies (I don't catch all the newbies but try to) I encourage them to use the search option cause we have talked about a lot of things like this.
        "It's a trap!!!!" -- Admiral Ackbar

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        • #5
          It is okay to be new. We want you to feel free to ask the question. There are a lot of other new guys here as well. GB

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          • #6
            https://www.survivalandpreparednessf...l&daysprune=-1

            https://www.survivalandpreparednessf...t&daysprune=-1

            Found these old posts....there might be more.
            "It's a trap!!!!" -- Admiral Ackbar

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            • #7
              This has been discussed by my immediate work group (none of who prep except one who is still trying to fugure out of he wants to). I cant say that I can justify not working before SHTF. The fuel does have us talking about living at work during the week though. Like everything else, gonna have to play it by ear and pray we make the right choices in time.
              Knowledge is Power, Practiced Knowledge is Strength, Tested Knowledge is Confidence

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              • #8
                If it takes more than $100 to fill up my wifes accord, its close to over for us. Now it takes $60. We can "kinda" carpool but it wont be feasible. But, if gas gets that high, I know my company will start to fail. No one will need accessories and items for their work trucks and personal trucks. I dont see gas going over $5 but if it gets that high, people are going to freak out. I mean FREAK! I have this funny feeling that the Guy In the Ovular Room is going to pull something off to lower prices to catapult his re-election.
                You know what ol' Jack Burton always says at a time like this?

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                • #9
                  My breaking point is $3.92.... (Uh oh.... I'm GETTING A HEAD ACHE!!!)

                  Actually, I drive a company service truck all day and home every night. The company pays for the "business use" gas, so I only have to cover my personal use of it.. But this brings up a point - How many hundreds or thousands of businesses are going to suffer with these high gas prices? My company has service contracts with most of our customers, with the prices locked in for 3 years... So we can't just raise our prices to cover the fuel increases. Yet the money will have to come from somewhere!

                  Also, I heard an economist on TV a while back who said gas over $4.50 nationwide will definitely trigger another recession. (Hmmm... I'm not sure we're out of the last one yet!)
                  Last edited by miked2345; 02-28-2012, 01:11 AM.

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                  • #10
                    Umm Wiseowl, you do know that Europeans have been paying more than $5 a gallon (or their metric equivalent) for A LOOOOONG TIME. It could very easily happen here.

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                    • #11
                      Oh yeah. I know. But to be honest, it would probably have to be $8 or more. Me and the wife talked about this last night and we think we could do it up until then. But there would be anarchy before we hit that point
                      You know what ol' Jack Burton always says at a time like this?

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                      • #12
                        Good thread.

                        I think the current gas price increase will kill the quote "economic recovery" unquote that the gubmint and 4th estate is telling us that is happening right now.
                        Boris- "He's famous, has picture on three dollar bill!"

                        Rocky- "Wow! I've never even seen a three dollar bill!"

                        Boris- "Is it my fault you're poor?"

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                        • #13
                          I don't think what we're seeing (and are going to see) is largely a price of gas problem. It is the price of a dollar bill problem. oil is traded in petrodollars on a world market. Holders of this something of value (oil) demand more of something of redcued value (a dollar bill) to make a free exchange.

                          My point is that what you guys seem to be attributing to an oil shortage is really duie to a dollar abundance, and that gas is only one of many necesary items that is about to go to the moon.

                          I would take out a long (30 year) fixed rate mortgage right now (if my current mortgage weren't so far underwater that I don't have the cash to do so). Use the proceeds to own commodities starting with non-perisjhable food and ending with gold and silver (a few bullets in between wouldn't hurt). But even short of a TEOWAKI, food can be eaten, and gold can be sold (presumably at much higher dollar price) and pay off the mortgage easily.

                          This ain't advice, and is probably pretty speculative, it's just thinking out loud. However, if you have a mortgage, and can refiannce into a longer fixed rate (no ARMs or Balloons!), I do advise doing that.

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                          • #14
                            Originally posted by All Talk View Post
                            However, if you have a mortgage, and can refiannce into a longer fixed rate (no ARMs or Balloons!), I do advise doing that.
                            I disagree with the longer term...its not a good idea to be in debt longer. If anything do a loan modification to a 15 year fixed (or less), your time in debt will be shorter and the $$ that you will save in interest will pay for itself...granted your payment might go up a little bit however if your interest is high enough it might just be a wash...crunch the numbers.
                            "It's a trap!!!!" -- Admiral Ackbar

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                            • #15
                              elittle,

                              That's probably good advice. Most folks are better off reducing or eliminating debt quickly. I am a finance professional (a lot of good that does me!), and so was musing like a financial engineer. To wit, in THEORY, if you are confident inflation is coming big time, then interest rates will also rise big time (remember the 18% mortgage rates and CDs c. 1981?).

                              So, again in theory, you could lock in low liability costs for as long as possible, even going so far as to take cash out on the deal, and if you don't want to buy gold, just wait in cash and lock in a higher long term CD down the road (say you borrow at 4%, wait three years in 0% savings, but due to inflationary spikes, lock in a 20 year brokered CD at 10-12% (or higher) interest rate. They pay cash interest every six months, so you use that to keep current on the mortgage.

                              A little complex, and a play I would only make if I were already financially set and was effectively speculating on the margin. That's not me (anymore) by the way.

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