Survivalist Pro
Survivalist Pro
Photo: Karolina Grabowska
During wars, such as World War II, banking goes on as usual with a few differences: Enemy assets and bank accounts are seized; meaning if the address on the account is located in an enemy country, then the government takes the money in the account.
As their regular everyday bag, pilots use a special bag called a “pilot's bag”. Essentially, it's a small wheeled suitcase, a backpack, or a...
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5 Foods That Will Wake You Up for Work Eggs. A breakfast favorite, eggs pack protein which builds strong muscles and boosts brainpower. ... Fruit...
Read More »No more interest. 2-4% was normal, pegged down to .375% for the duration. In 1942, the Fed began intervening in Treasury auctions, keeping 90-day bills at 3/8%, with a ceiling for all debt on 2.5%. For domestic institutional investors during the war, this was all the fixed income there was to buy. There were no mortgages, no car loans, no consumer durable loans, no foreign investment. So, why're you going to keep your money in a bank-account? (And you had money? Great Depression just ended, and the stock market had just fleeced any middle-class who were investing). War bonds. Screw with the markets, to direct money where they wanted it to go. Half of all loans made by the Fed were for under $100k; which probably severely cut into banks' cut of the loan business. Mandate loan downpayments and durations by fiat. Fed money went from $100mil to $85bil in '43 and $91bil in '44. Bretton woods; gold and silver out of circulation (and copper: '43 steelies). Script and rationing. During the war, the US borrowed more than 100% of its gross domestic product and did not subsequently collapse. All of this is going to mess with your need for money, and what you can get with your money - nevermind shortages, rationing, etc.
In preparation for 2022, here are #10things you can do to prepare for 2022. Gratitude. Share your gratitude for the year with your employees,...
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The main circuit breaker should be rated 200 amps before installing solar panels. However, you may need to make upgrades if the breaker is rated...
Read More »Key Insights. An emergency fund can serve as your personal safety net during periods of financial stress. While you're working, we recommend you set aside at least $1,000 for emergencies to start and then build up to an amount that can cover three to six months of expenses.
The events over the last couple years certainly illustrate how life can throw you a curveball. At the same time, stock market volatility continues to be a concern for investors. These circumstances can throw a wrench into your current budget and make you anxious about the longevity of your retirement savings. For years, financial experts have stressed the importance of an emergency fund for such events during an individual’s working years. When you retire, however, those savings are more of a “cash cushion” to have alongside what you need to fund your daily living expenses. Whether you are currently working or in retirement, having cash on the side can serve as your personal safety net during periods of financial stress.
It can also be defined as "the rules of moral conduct implanted by nature in the human mind, forming the proper basis for and being superior to all...
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Your brain sends pain through your body when you exert yourself, as a signal to not push yourself too far. Because if you could muster 100% of your...
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Can mosquitoes bite through jeans? They can, but they probably won't try. Denim is a thick fabric, and a mosquito will most likely look for an...
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Gold and cash are two of the most important assets to have on hand during a market crash or depression. Gold historically remains constant or only...
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