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What to do with Money you don't Need?

Discussions about the economic and financial ramifications of PEAK OIL

Re: What to do with Money you don't Need?

Unread postby ReverseEngineer » Mon 26 Jan 2009, 09:09:16

$this->bbcode_second_pass_quote('vtsnowedin', '8')) It would be easier to lead people to the promised land if you owned some of it. And when you got there a wind generator on a 100 ft tower might ease things a bit. I'd say pv solar too but your in AK so maybe not. The taxes and penaltys bite. We left a small one in to avoid paying them but switched it to all Tbills for the time being. Anything issued by the US government may be just toilet paper soon so are you sure you have enough ammo?


Plenty of Ammo. As long as I am not in a shooting war, given I rarely spend more than a round or two to take down a Caribou, what I have would last well beyond my lifespan even if I made it to 100, which I doubt is possible. I just don't shoot what I can't hit, so it really doesn't take all that much ammo on the hunting level. Besides, I have a Compound Bow and a Crossbow besides that, and I won't use the guns unless I have to. I also have traps to lay and I have plenty of kids to use as drivers :-)

I have PV panels enough to charge up a good bank of car batteries, at least in the summer when we get enough sunlight. I do not at the moment have a wind generator of any kind, but I can build one from parts with the help of friends who have machine shops.

I cannot buy enough land for it to be the "Promised Land", and I don't believe in the ownership of land by the individual anyhow. The Promised Land surrounds us here, its all of Alaska and all the Yukon Territory. Our job to steward that as best we can, my job to be healthy enough to point the kids I care for in the right direction. Up to them after that. I can only hope that the lessons I teach will help them. I'll be one of the first to go, but that is fine with me, I had a great life. If it all goes as planned, I'll look down and smile from the Great Beyond.

See You on the Other Side.

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Re: What to do with Money you don't Need?

Unread postby pedalling_faster » Mon 26 Jan 2009, 09:49:04

$this->bbcode_second_pass_quote('ReverseEngineer', 'T')he downside of this is that if I do it I'll have to pay attention to the market and use up a lot of mental energy deciding what to bet on.


"your focus determines your reality" - Qui Gon Jin, Star Wars, The Phantom Menace.

that's the thing about money, especially money in the stock market - it can become a 'drishti'. not just something you look at during a yoga class to assist during a balance posture, but something you concentrate on & obsess about, taking up valuable time every day.
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Re: What to do with Money you don't Need?

Unread postby patience » Mon 26 Jan 2009, 10:01:25

Car batteries won't get it. In a deep cycle application they will die quickly. Put some $ into some good deep cycle batteries, and a good charge controller. Get this up and running NOW, or you'll be sorely disappointed when you find out there are a lot of missing/dysfunctional parts. The system needs to have all its' parts sized to suit each other, or it doesn't work for crap. Way up north, the batteries can freeze outdoors (and burst open), so find a warmer place for them, and VENT the hydrogen gas evolved when charging. Lots to know about this to be functional on an enduring basis. Learn your loads, and size your system to suit, to keep the battery discharge level to less than 50% discharge at worst, 20% if you want long battery life.

You could put 2k to $5k in this easily, to get a modest sized system going. I spent about $12k just for parts, and it is a very minimal system for our useage--freezer, fridge, communications, and lights, with an occasional fan in summer.

edit to add: Here's a link to FAQ's about batteries. This site has a forum for newbies and advanced practioners:
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Re: What to do with Money you don't Need?

Unread postby Cid_Yama » Mon 26 Jan 2009, 10:27:16

Patience is correct.

Getting off the grid, getting a well, installing wood stoves, having your property totally paid off, these are what you should have first.

Guaranteed return on every mortgage payment you no longer make, the electic, water, and gas bills you no longer pay.

Also the peace of mind from knowing you are covered when it all falls apart.
"For my part, whatever anguish of spirit it may cost, I am willing to know the whole truth; to know the worst and provide for it." - Patrick Henry

The level of injustice and wrong you endure is directly determined by how much you quietly submit to. Even to the point of extinction.
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Re: What to do with Money you don't Need?

Unread postby Ludi » Mon 26 Jan 2009, 10:36:10

$this->bbcode_second_pass_quote('Cid_Yama', '
')Guaranteed return on every mortgage payment you no longer make, the electic, water, and gas bills you no longer pay.


I think RE rents a cabin.
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Re: What to do with Money you don't Need?

Unread postby cephalotus » Mon 26 Jan 2009, 18:20:13

-I- would invest in renewable energies, so I would participiate in a solar power plant, in wind power plants and maybe in biomass power plants.

That's good for the economy, it is good for the environment, it will give you a good ROI in good times and it will hold or even rise its value in a peak oil scanario.
It is not good in a doom scanrio but in taht case your money has gone away in almost any scenario...
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Re: What to do with Money you don't Need?

Unread postby ReverseEngineer » Mon 26 Jan 2009, 19:16:00

$this->bbcode_second_pass_quote('patience', 'C')ar batteries won't get it. In a deep cycle application they will die quickly. Put some $ into some good deep cycle batteries, and a good charge controller. Get this up and running NOW, or you'll be sorely disappointed when you find out there are a lot of missing/dysfunctional parts. The system needs to have all its' parts sized to suit each other, or it doesn't work for crap. Way up north, the batteries can freeze outdoors (and burst open), so find a warmer place for them, and VENT the hydrogen gas evolved when charging. Lots to know about this to be functional on an enduring basis. Learn your loads, and size your system to suit, to keep the battery discharge level to less than 50% discharge at worst, 20% if you want long battery life.

You could put 2k to $5k in this easily, to get a modest sized system going. I spent about $12k just for parts, and it is a very minimal system for our useage--freezer, fridge, communications, and lights, with an occasional fan in summer.

edit to add: Here's a link to FAQ's about batteries. This site has a forum for newbies and advanced practioners:
Deep cycle batteries


The juice I use is minimal, I run a couple of 20 watt flourescent bulbs my laptop and the fridge. Obviously, at this time of year I don't really need to use the fridge, and I also have a couple of thermoelectric coolers which use very little juice.

The beauty of car batteries is they come basically free. Although 1 isn't as good as a big marine deep cycle battery, 5 of them in parallel actually last longer than one big one, and I can always get more from junked cars. I currently have collected up 8 from different folks off old cars sitting doing nothing anyhow. 5 bucks each :-) Anyhow, if I have to go off the grid for good, the system could use improvements obviously, but right now it can keep my laptop running for a week even on cloudy winter days.

It sounds like you run a fairly complex system that hooks into your house wiring. I just hook one of my 250W inverters up to the batteries and plug my lights and computer into that and I'm good to go for a nice long tapping session writing Doom into the wee hours :-)

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Re: What to do with Money you don't Need?

Unread postby ReverseEngineer » Mon 26 Jan 2009, 19:23:52

$this->bbcode_second_pass_quote('Cid_Yama', 'P')atience is correct.

Getting off the grid, getting a well, installing wood stoves, having your property totally paid off, these are what you should have first.

Guaranteed return on every mortgage payment you no longer make, the electic, water, and gas bills you no longer pay.

Also the peace of mind from knowing you are covered when it all falls apart.


Well first off I don't believe in property ownership as you know, second I don't have that much saved I could outright buy a house and outfit it as the ultimate doomstead anyhow.

I don't think there will be any shortage of houses to squat on after TSHTF for real. In any event, I believe for security purposes I need to be together with friends rather than off on my own, so I do encourage Suzie to make some improvements in this regard, we are going to install a wood burning stove this summer hopefully.

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Re: What to do with Money you don't Need?

Unread postby davep » Mon 26 Jan 2009, 19:26:34

I'd certainly put a few thousand in crude options ('I'll finally have the cash for this at the end of the month). I'm currently fixated on December 2013, at 150 dollars. It'll cost you 1710 dollars for an option to buy 1000 barrels.

Here they are

That way you don't have to worry about your bets on a continuous basis. Just trust that supply will be lower than it is now in five years' time. You could sell them earlier if the price goes crazy. It's a hedge against inflation too.
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Re: What to do with Money you don't Need?

Unread postby patience » Mon 26 Jan 2009, 19:31:37

RE,

Yes, good point about overcapacity on batteries. I've done that with a couple car batteries for 3 years now, running my wireless internet/phone setup. Low draw, and lots of excess capacity in the batteries will make it live a long time, since you are keeping the %discharge very low. And they don't use much water, either, so maintenance is less of a chore. For what you are doing, it should work just fine.
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