Sergei, I would be very interested if you did a follow up video , looking at things like if things happened as predicted or what your newer opinion is on the current situation.
I think you caring enough to make this vid is heartwarming to me. I am having a hard time finding fellow Americans to care enough to stand with me. Thank you so much. -Melissa
To Thunderwavia: Therefore further simplification of my material or stretching it where it does not apply should not be done. I do not want people to be mislead. So I would suggest watching my original video as any further iterations will inevitably lead to distortions regardless who does it (I have nothing against my friend George4title).
Hi TheRedPriestofVenice! Thank you for your comments! > Are you saying that the ruble was still used to buy food and supplies at the stores? Yes, it was against Russian laws to sell anything for the currency other than ruble. Of course, people would borrow money from each other in USD, as ruble was loosing value very fast. Also in sales between private parties USD was used.
Hi 0musing! Thank you for the comment! I think more detailed analysis can be done but I do not think it will be very useful as we do not know exactly how it will turn out this time and correct approach should be taken according to the concrete situation.
Thanks for inviting me to check this out. I liked it, but it was a bit long. But I guess there's a lot to cover. It also ins't exactly related to our economy in the UK. e.g, we couldn't possibly start a small food shop, there is too much of a strong-hold with the larger corps.
Hi Tim! Thank you for your thoughtful comments! Yes, electricity and phone services were doing fine during deflation in Russia. If you won't pay, the service can be easily turned off. So people have to pay. I also agree with your opinion on real estate and rental housing -- the prices will decrease.
Hi Thunderwavia! Thank you for your message! Yes, I saw george4title videos. Of course, I do not mind him using my stuff as long as he gives me credit in the video description. However I see one problem here. The message I try to deliver in my video is not a simple one. After producing the video I realized that real life is more complicated than what I described. If I do more videos on the subject I will address this.
just this past saturday I did a speech in class on how to grow your own garden. The specific purpose of the speech was in the event of a collapse the dollar. I think I turned off half the audience because they could not comprehend or did not believe that it could be possible that something like this could happen. Many of those students are the same ones that will be dependent on the system.
This is a vey informative lecture. We need to understand that the barter system will greatly depend on the availability of (PRE-DEFLATION) accuqired Commodities. You must begin now to set your self up as the distributor of basic neededs ie Food, Simple Medication, Clothing, and CLEAN DRINKING WATER! Also remember that your skills can also be traded for items and or cash. You must be flexable! Never become set in one way! One light bulb is worth three meals! NO LESS! FOOD IS # 1 ALWAYS!!
Well, you do not purchase it. You take on a small barter transaction first on the basis of trust. If you prove that you are honest and can execute it successfully the fund would give you an opportunity to work on a larger transactions. You have to connect 3 parties in a simple scheme I showed and you have to reasonably satisfy all parties -- it takes certain skill to execute it.
Thank you for this. My wife grew up Soviet-occupied Poland under martial law. She is very familiar with food rations and empty store shelves. I'm afraid we will be seeing this in the US soon. We are quite well prepared now, but your video is very much appreciated.
This is a presentation that should be given to college students before they enter the work force because these are things most people will not consider working in a field that is deflation proof. I chose a government route but it is not something I can enjoy forever. It can be highly stressful. But yes this is a good lecture that should be given before you take a job...
This guy is 100% right. I lived in Belarus during 1991 and I saw ALL of this. Ukraine and Russia experienced the inflation even worse than Belarus. It was horrifying. People had to find ways to sell things, like professors from universities were selling trinkets on the black market just to survive. It's happening again, only this time in the 2nd empire, USA. Save money and get gold people! Plan for worst case scenario always.
Hi AsterisKSC! Thank you for the comment! Frankly, I do not care if deflation is a myth or not. I described concrete economic situation which happened in reality.
1000%!!! Wow! Thank you for the video. Very very good. They should show and discuss this video in school. My classmates and I are in 5th grade and we are trying to understand what it happening and how it's going to be fixed.
we're more in stagflation than deflation. Deflation occurs when the annual inflation rate falls below zero percent, resulting in an increase in the real value of money - a negative inflation rate. Stagflation is an economic situation in which inflation and economic stagnation occur simultaneously and remain unchecked for a period of time.
i agree well said i work for international pawnbrokers and we had 120% increase in sales last year. our graph predictions show 25% increase for uk nect month, meaning unless we get cash input/loans we could struggle. as in crisis people need food/energy/housing. gold we are going into big time and its exported abroad in bags. food will spike in uk soon as we import it.
I agree. The accent is great [Russian accents are just so frickin cool] and the explanation is great. what's bad is that there's still people in America who don't think this kindof thing could happen to us, but we're SO on that path of reaching over 1000% inflation. the only real way to get rid of an economic crisis like this, IMO, is to get rid of the central banking system [which tends to be the root of all the problems] and go to a solid, consistently valuble money standard of sorts.
Thank you for taking the time to share your experiences and to warn us of what to expect from a failing economy. You're very big hearted. From one Ukrainian to one Russian - dyakuyu!
thanx Serguei, Im in the export trade my self .90% of my market is from out side the uk and yes you are right biz is gone nutty since the fall of the pound, making it much cheaper for outside countrys to buy my products, that lay within the cash loop with no loss of 70%. at least not yet, regards D
Thomaserossi, the problem is that your not incorporating the fisher effect (i=r+pie). The fisher effect states that as inflation increases so will interest rates. The value of the dollar may fall dramatically, but the interest you pay on your debt will also rise dramatically. Now it's not 1-1, that's impossible, but you will still have to pay back the majority of your debt. If you don't, the government may cease your assets. (they may anyways)
Watched the whole video. We hope it doesn't come down to this, but it's best to prepare rather than ignore the inevitable. I appreciate your insight and willingness to share from your personal experience. Thanks!
BTW, I love your lesson on poverty based economics. Thank you for your lessons! Hopefully they can assist many in surviving and thriving in our collapsing economic world! Blessings & Love, Rev. McCovery
Hi HomesteadProvocateur! You are absolutely right! Actually in Russia hyperinflation came first and then government decided to stop it, limiting money supply (deflation came). My business experience was during deflation. With Best Regards, Serguei
Thank you for a very informative video. Regarding purchasing gold or silver and being able to easily convert it back into cash I would suggest investing in Central Fund of Canada (cef). They are a fund that holds gold and silver bullion. One purchases shares as an investor; safe and secure. Simply sell shares through your broker when ready and you have cash within a few days. Just a thought to share with you and others. Fund performance has been well lately. Thanks.
Wow wolfeye, I bow to the demonstration of superior intelligence you've displayed. I will forever be grateful for your mercurial insight and terse conclusion of reality. Thank you ever so much.
Thank you for your excellent video. You are very kind to share your experience and ideas to help others in this crisis. I live in the UK and had thought the worst of this crisis might be over, but I think you are very right that it could get a lot worse, so I will try to prepare. Thank you very much.
I love your accent, but also love your well-rounded explanation of your proposal, very well done. Alot of people suggest investing in gold, but idkk, I'd like to think there's alternatives than investing in the base standard. /shrug
Thanks for your help in understanding the current situation and what to do. Keep up the good work.
15 років тому
I understand. My answer was related to the very last two minutes or so, where the author refers to gold which has been a store of value for thousands of years. Gold cannot be created out of thin air. My understanding is that in this video ,the author refers paper currency as money and a means for exchange for goods/services. In a (hyper)inflationary environment, what would then have the ultimate store of value if all paper currencies r prone 2 b devalued by printing press ? Barter/Gold ?
Agreed, it makes sense to tailor response to the right context. One does not know how the American/Global deflation-inflation cycle will occur. I was just interested in this from the viewpoint of understanding comprehensive responses/alternatives to deflation and their tradeoffs-risks/benefits and similarly for inflation. About taxation and capital gains tax the way to do it would be to ensure your returns minus capital gains is adequate to beat inflation rate and generate good returns.
Although common items can have a greater, but still limited appeal, you really have to look at what you have or can provide to know what you can barter. I am an accountant. On a limited scale I am already doing barter with my clients. I have traded services for electrical repairs, piano lessons, etc. Obviously, the self-employed person with a trade or skill will have more opportunities to barter than an employee. With US inflation coming, find a skill you can barter.
I agree on that, there is a risk. But unlike a share where in troubling times a company can say "lets not pay the investors dividend because of the situation" (investors will often accept) they cant say that to lenders. Interest has to be payed. Thats what I mean buy being a burdon. In the case of a loan, if you are having difficulties, the interest is often alot higher making it even harder. And then there is still the problem of a small group who will control all money by simply lending out.
Hi 82abhilash! You are absolutely right about taxes! However if this situation occurs entrepreneurs in the USA have to figure out the way to take money out of the system like Russian entrepreneurs came up with different schemes to do it in 1990th. How to do it correctly depends on the local tax system. I am sure one can come up with the ways to do it.
Hi TheRedPriestofVenice! > if Serguei used the dollar during his country's collapse maybe we'll use the ruble during ours. : } Actually, now ruble is already started to loose value against USD. 3 months ago: 1 USD = 27 Rubles. Now 1 USD = 32.5 Rubles. Russian Central Bank said that it won't seriously fight for Ruble's value until 1 USD = 42 Rubles. I think it is correct approach: do not fight for something you can not defend, retreat and fight for more reasonable goals.
Generally its always good to be as selfsufficient as possible. I do this by using regulary our family summer cottage. Forests around us and the river that luckily is not poisoned.. Like many rivers in the world. Most important teach your children to fish, Live from forest and small basic farming. This will be FUN for them if you start when they are 4-8y. Generally people living in cities are totally dependent on the "System" thus most voulnerable to possible "system failure"
Hi Eric! Although you are quite impolite, you manage to make a valid point. "The American way is not fiat currency even though its what we use." And I do not think it is Russian way either. I try to explain how to survive in the case of fiat currency. Until you changed the rules of the game, your post is irrelevant.
I lived in Romania 5 years and even now there is a good barter system with the poor. It is skills that keeps you going one man makes wine and trades it to a man who fixes his roof while the roofer may fix the roof of the Veterinarian that treated his animals and so on. If you have no skill or unique ability and you have no large amount of Gold or valuables you will not survive in a real crisis
Some valuable pointers, it will be truly amazing to see what happens in developed countries if all of this happens, we in the Uk for example don't know how much new money is pumped into the economy each month through quantitative easing - this is a real worry as things could suddenly happen and nobody is ready...
both of you are right because it depends on each countries health care system. in canada it would have little affect because the state pays for it all. whil in the US it would have a huge affect since most health care is job related. you loose your job you loose your health care.
Hi af2f! First of all, I believe that all information should be freely available to people so that people would come to their own conclusions. I agree with you that the system I described is upside down as well as USA's future system is going to be. I agree that the best way is to change it. However, when the whole population is asleep what you (concretely 'you') are going to do? You need to survive yourself and feed your family in this "upside down" situation. Serguei
Hi Gooby! > did the metals rise in value against the Ruble? Yes, they did. If nothing else simply because they were tied to the USD and Ruble was loosing its value against USD. As for predictions about the United States future -- I do have enough knowledge to make them and I do not want to speculate. With Best Regards, Serguei
first off I don't know if you have been paying attension, but there is a crackdown on "victory gardens" people getting raided and fined for not having the licenses to grow crops, yes apparently it's illegal to grow your own food now, unless you have crop id, premisis id and all other sorts of BS "taxes" to keep you from doing exactly that which is to become independent, because with your own food you have something to trade, and they don't want that.
Thanks for uploading your experiences with the Russian economic events of the '90's. I believe we will see certain sectors of the US economy experience price decreases (like housing) and others price increases (like food and energy). I don't use the terms deflation and inflation unless I am referring to a contraction or expansion of the actual Money Supply. US coins were made of silver, and I believe that they again will become a store of value for citizens and circulate along side dollars.
Um, good idea (a bit choppy) and I appreciate the comparison, but some changes. 1. Companies owe money to gov as a whole, not to a part of gov. The state decides how to spend the money. 2. Companies that can't pay their bills go bye-bye. Their last task would be selling the inventory. The workers will be long gone. 3. #1 difference = America can print money, as much as it wants. If we want oil, hey they take dollars. Print some more. We are THE ONLY nation to do this. We are the world currency
very educated man you have so much to offer I WISH YOU COULD COME AND DO LECTURES TO THIS COUNTRY THE POWER OF THE INTERNET IS A BLESSING SO NICE TO KNOW YOU LOVZZZZ THE BEE NURSE DEBBEE
Thanks for a perspective that you'll never find in the media. Are you a professional economist or mathematician? (The two often converge.) This was incredibly good information, especially considering it comes from hard experience.
I agree with you on fractional reserve banking but there's nothing wrong with charging someone interest to borrow capital. Eliminating that from the freemarket would violate property rights and the rights of citizens to enter into contract with one another. No one is going to lend out saved capital for free.
Hi papiowhisperer! I think food will be in the barter sector in your local area. For external transactions it should be in the cash sector. With Best Regards, Serguei
@LosAztecas - Actually, the limit is 100MB. It was specifically rejected for length. I edited the video down to 10:15 (42MB) and it was accepted. Also, vorojtsov, the maker of this video, says below that this video is 67MB. UA-cam... I can't figure them out. lol
![[UA] Team Vitality проти NAVI | IEM Cologne 2024](http://i.ytimg.com/vi/wttO1zVRTC0/mqdefault.jpg)
Sergei, I would be very interested if you did a follow up video , looking at things like if things happened as predicted or what your newer opinion is on the current situation.
I think you caring enough to make this vid is heartwarming to me. I am having a hard time finding fellow Americans to care enough to stand with me.
Thank you so much.
-Melissa
Hi George! Yes, you are absolutely right, barter sector is not efficient at all compared to the cash sector. But sometimes you have no choice.
To Thunderwavia: Therefore further simplification of my material or stretching it where it does not apply should not be done. I do not want people to be mislead. So I would suggest watching my original video as any further iterations will inevitably lead to distortions regardless who does it (I have nothing against my friend George4title).
Hi José! Thank you for the comment! I actually think it will hit other countries harder!
Hi TheRedPriestofVenice! Thank you for your comments!
> Are you saying that the ruble was still used to buy food and supplies at the stores?
Yes, it was against Russian laws to sell anything for the currency other than ruble. Of course, people would borrow money from each other in USD, as ruble was loosing value very fast. Also in sales between private parties USD was used.
Hi 0musing! Thank you for the comment! I think more detailed analysis can be done but I do not think it will be very useful as we do not know exactly how it will turn out this time and correct approach should be taken according to the concrete situation.
Thanks for inviting me to check this out. I liked it, but it was a bit long. But I guess there's a lot to cover. It also ins't exactly related to our economy in the UK. e.g, we couldn't possibly start a small food shop, there is too much of a strong-hold with the larger corps.
I listen to his videos, when I can't sleep.
Similar, if it's interesting, or not :D
Hi Tim! Thank you for your thoughtful comments! Yes, electricity and phone services were doing fine during deflation in Russia. If you won't pay, the service can be easily turned off. So people have to pay. I also agree with your opinion on real estate and rental housing -- the prices will decrease.
Hi Thunderwavia! Thank you for your message! Yes, I saw george4title videos. Of course, I do not mind him using my stuff as long as he gives me credit in the video description. However I see one problem here. The message I try to deliver in my video is not a simple one. After producing the video I realized that real life is more complicated than what I described. If I do more videos on the subject I will address this.
just this past saturday I did a speech in class on how to grow your own garden. The specific purpose of the speech was in the event of a collapse the dollar. I think I turned off half the audience because they could not comprehend or did not believe that it could be possible that something like this could happen. Many of those students are the same ones that will be dependent on the system.
This is a vey informative lecture. We need to understand that the barter system will greatly depend on the availability of (PRE-DEFLATION) accuqired Commodities. You must begin now to set your self up as the distributor of basic neededs ie Food, Simple Medication, Clothing, and CLEAN DRINKING WATER! Also remember that your skills can also be traded for items and or cash. You must be flexable! Never become set in one way! One light bulb is worth three meals! NO LESS! FOOD IS # 1 ALWAYS!!
Well, you do not purchase it. You take on a small barter transaction first on the basis of trust. If you prove that you are honest and can execute it successfully the fund would give you an opportunity to work on a larger transactions. You have to connect 3 parties in a simple scheme I showed and you have to reasonably satisfy all parties -- it takes certain skill to execute it.
Thank you for this. My wife grew up Soviet-occupied Poland under martial law. She is very familiar with food rations and empty store shelves. I'm afraid we will be seeing this in the US soon. We are quite well prepared now, but your video is very much appreciated.
A veteran's knowledge shared in a practical & usable manner! TY!
This is a presentation that should be given to college students before they enter the work force because these are things most people will not consider working in a field that is deflation proof. I chose a government route but it is not something I can enjoy forever. It can be highly stressful. But yes this is a good lecture that should be given before you take a job...
Thanks everyone for the comments! Though this video is 31 min long, its original file size is only 67 Mb. Serguei
This guy is 100% right. I lived in Belarus during 1991 and I saw ALL of this. Ukraine and Russia experienced the inflation even worse than Belarus. It was horrifying. People had to find ways to sell things, like professors from universities were selling trinkets on the black market just to survive. It's happening again, only this time in the 2nd empire, USA. Save money and get gold people! Plan for worst case scenario always.
Hi AsterisKSC! Thank you for the comment! Frankly, I do not care if deflation is a myth or not. I described concrete economic situation which happened in reality.
Thanks for the video, Enjoying hearing from you and knowing things are not just tough here but all over.
Thank you for the comment, bwelkk! I may put together another video -- not quite sure at this point.
1000%!!!
Wow!
Thank you for the video.
Very very good.
They should show and discuss this video in school.
My classmates and I are in 5th grade and we are trying to understand what it happening and how it's going to be fixed.
we're more in stagflation than deflation. Deflation occurs when the annual inflation rate falls below zero percent, resulting in an increase in the real value of money - a negative inflation rate. Stagflation is an economic situation in which inflation and economic stagnation occur simultaneously and remain unchecked for a period of time.
I would like to thank everyone for the kind comments! Sorry I do not have enough time to reply to everybody. Serguei
Thank you very much for messaging me with this video, i appreciated the information you provided.
i agree well said i work for international pawnbrokers and we had 120% increase in sales last year. our graph predictions show 25% increase for uk nect month, meaning unless we get cash input/loans we could struggle. as in crisis people need food/energy/housing. gold we are going into big time and its exported abroad in bags. food will spike in uk soon as we import it.
Yes, thank you for taking the time to make this video!
I agree. The accent is great [Russian accents are just so frickin cool] and the explanation is great.
what's bad is that there's still people in America who don't think this kindof thing could happen to us, but we're SO on that path of reaching over 1000% inflation.
the only real way to get rid of an economic crisis like this, IMO, is to get rid of the central banking system [which tends to be the root of all the problems] and go to a solid, consistently valuble money standard of sorts.
Hi InHISWord2! Thank you for your kind words! Serguei
Thank you for taking the time to share your experiences and to warn us of what to expect from a failing economy. You're very big hearted. From one Ukrainian to one Russian - dyakuyu!
You are welcome, frgtmygld! Thank you for your kind message!
thanx Serguei, Im in the export trade my self .90% of my market is from out side the uk and yes you are right biz is gone nutty since the fall of the pound, making it much cheaper for outside countrys to buy my products, that lay within the cash loop with no loss of 70%. at least not yet, regards D
You are welcome, Caleb! With Best Regards, Serguei
Thanks for sharing with me. This crisis is happening all over the world now. Thanks for the info.
Thomaserossi, the problem is that your not incorporating the fisher effect (i=r+pie). The fisher effect states that as inflation increases so will interest rates. The value of the dollar may fall dramatically, but the interest you pay on your debt will also rise dramatically. Now it's not 1-1, that's impossible, but you will still have to pay back the majority of your debt. If you don't, the government may cease your assets. (they may anyways)
I feel this advice may be needed soon.
Greetings from France. This is an interesting video but I would like to see a part two. I want to know more about your experiences. Carry on!
A real life example you saw or performed using a timeline makes this more understandable.
I'm going to have to watch this again sometime soon.
Thank you for simplifying this complicated issue.
Thank you for your timely video presentation Vorojtsov. Well done, five stars! I have a feeling you'll be fine. To everyone else, good luck!
Watched the whole video. We hope it doesn't come down to this, but it's best to prepare rather than ignore the inevitable. I appreciate your insight and willingness to share from your personal experience. Thanks!
Hi displacedcosmonaut85! Thank you for the comment! I need good luck as well :)
Thanks for providing insight and suggestions. We Americans might find these ideas useful in the months and years years ahead.
All the best to you.
Hi manicbuyer! Yes, the main message is that there are solutions to the crisis. Unfortunately, they are far from being perfect. Thank you! Serguei
BTW, I love your lesson on poverty based economics. Thank you for your lessons! Hopefully they can assist many in surviving and thriving in our collapsing economic world!
Blessings & Love,
Rev. McCovery
Hi HomesteadProvocateur! You are absolutely right! Actually in Russia hyperinflation came first and then government decided to stop it, limiting money supply (deflation came). My business experience was during deflation. With Best Regards, Serguei
Hi Lupo! Yes, I think it is quite possible. Serguei
Thank you for a very informative video. Regarding purchasing gold or silver and being able to easily convert it back into cash I would suggest investing in Central Fund of Canada (cef). They are a fund that holds gold and silver bullion. One purchases shares as an investor; safe and secure. Simply sell shares through your broker when ready and you have cash within a few days. Just a thought to share with you and others. Fund performance has been well lately. Thanks.
Wow wolfeye,
I bow to the demonstration of superior intelligence you've displayed. I will forever be grateful for your mercurial insight and terse conclusion of reality.
Thank you ever so much.
Thank you for your excellent video. You are very kind to share your experience and ideas to help others in this crisis. I live in the UK and had thought the worst of this crisis might be over, but I think you are very right that it could get a lot worse, so I will try to prepare. Thank you very much.
I love your accent, but also love your well-rounded explanation of your proposal, very well done. Alot of people suggest investing in gold, but idkk, I'd like to think there's alternatives than investing in the base standard. /shrug
Thanks for your help in understanding the current situation and what to do. Keep up the good work.
I understand. My answer was related to the very last two minutes or so, where the author refers to gold which has been a store of value for thousands of years. Gold cannot be created out of thin air.
My understanding is that in this video ,the author refers paper currency as money and a means for exchange for goods/services.
In a (hyper)inflationary environment, what would then have the ultimate store of value if all paper currencies r prone 2 b devalued by printing press ? Barter/Gold ?
Agreed, it makes sense to tailor response to the right context. One does not know how the American/Global deflation-inflation cycle will occur. I was just interested in this from the viewpoint of understanding comprehensive responses/alternatives to deflation and their tradeoffs-risks/benefits and similarly for inflation. About taxation and capital gains tax the way to do it would be to ensure your returns minus capital gains is adequate to beat inflation rate and generate good returns.
thanks for inviting me to view, very good video very interesting to hear a real experience!
you've got some good videos
Ahhh, it's good to work in the food sector!
If things get really bad our store will need it's own security force to handle the trouble.
LOL I LOVE how they say "rubles" its such a funny word!
Although common items can have a greater, but still limited appeal, you really have to look at what you have or can provide to know what you can barter. I am an accountant. On a limited scale I am already doing barter with my clients. I have traded services for electrical repairs, piano lessons, etc. Obviously, the self-employed person with a trade or skill will have more opportunities to barter than an employee. With US inflation coming, find a skill you can barter.
Serguei, thanks for sharing your experience and knowledge with the rest of us. GOOD JOB! 5 Big Stars, my friend.
thanks for inviting me here
Your hand writing is Good.
Very important and I thank you for sharing this information.
All the best of things to you from Miami.
Eloy
Lots of good info in here. Good work! I enjoyed the video, but I doubt you can cast a wide net to gain audience with its length. Best of Luck!
Hey, thanks for showing me this. I´ll pass it around! Useful and timely.
I agree on that, there is a risk. But unlike a share where in troubling times a company can say "lets not pay the investors dividend because of the situation" (investors will often accept) they cant say that to lenders. Interest has to be payed. Thats what I mean buy being a burdon. In the case of a loan, if you are having difficulties, the interest is often alot higher making it even harder. And then there is still the problem of a small group who will control all money by simply lending out.
Hi 82abhilash! You are absolutely right about taxes! However if this situation occurs entrepreneurs in the USA have to figure out the way to take money out of the system like Russian entrepreneurs came up with different schemes to do it in 1990th. How to do it correctly depends on the local tax system. I am sure one can come up with the ways to do it.
Hi TheRedPriestofVenice!
> if Serguei used the dollar during his country's collapse maybe we'll use the ruble during ours. : }
Actually, now ruble is already started to loose value against USD. 3 months ago: 1 USD = 27 Rubles. Now 1 USD = 32.5 Rubles. Russian Central Bank said that it won't seriously fight for Ruble's value until 1 USD = 42 Rubles. I think it is correct approach: do not fight for something you can not defend, retreat and fight for more reasonable goals.
Generally its always good to be as selfsufficient as possible. I do this by using regulary our family summer cottage. Forests around us and the river that luckily is not poisoned.. Like many rivers in the world. Most important teach your children to fish, Live from forest and small basic farming. This will be FUN for them if you start when they are 4-8y.
Generally people living in cities are totally dependent on the "System" thus most voulnerable to possible "system failure"
Thank you so much Serguie for sharing your experience with me. This is a very important info
Thanks for sharing this video. Your practical knowledge will be very helpful as our economy collapses.
Hi Eric! Although you are quite impolite, you manage to make a valid point. "The American way is not fiat currency even though its what we use." And I do not think it is Russian way either. I try to explain how to survive in the case of fiat currency. Until you changed the rules of the game, your post is irrelevant.
I finally subscribed
I lived in Romania 5 years and even now there is a good barter system with the poor. It is skills that keeps you going one man makes wine and trades it to a man who fixes his roof while the roofer may fix the roof of the Veterinarian that treated his animals and so on. If you have no skill or unique ability and you have no large amount of Gold or valuables you will not survive in a real crisis
Some valuable pointers, it will be truly amazing to see what happens in developed countries if all of this happens, we in the Uk for example don't know how much new money is pumped into the economy each month through quantitative easing - this is a real worry as things could suddenly happen and nobody is ready...
Very good info. Everyone in the west needs to see this, in a big way. :)
Thank You Vorojtsov !
both of you are right because it depends on each countries health care system. in canada it would have little affect because the state pays for it all. whil in the US it would have a huge affect since most health care is job related. you loose your job you loose your health care.
thanks for the video, i will use this information with the upcoming events
Hi af2f! First of all, I believe that all information should be freely available to people so that people would come to their own conclusions. I agree with you that the system I described is upside down as well as USA's future system is going to be. I agree that the best way is to change it. However, when the whole population is asleep what you (concretely 'you') are going to do? You need to survive yourself and feed your family in this "upside down" situation. Serguei
Hi Gooby!
> did the metals rise in value against the Ruble?
Yes, they did. If nothing else simply because they were tied to the USD and Ruble was loosing its value against USD.
As for predictions about the United States future -- I do have enough knowledge to make them and I do not want to speculate.
With Best Regards,
Serguei
first off I don't know if you have been paying attension, but there is a crackdown on "victory gardens" people getting raided and fined for not having the licenses to grow crops, yes apparently it's illegal to grow your own food now, unless you have crop id, premisis id and all other sorts of BS "taxes" to keep you from doing exactly that which is to become independent, because with your own food you have something to trade, and they don't want that.
Agent Exeider Florida finally allowed them...as if we needed permission
Thanks for uploading your experiences with the Russian economic events of the '90's. I believe we will see certain sectors of the US economy experience price decreases (like housing) and others price increases (like food and energy). I don't use the terms deflation and inflation unless I am referring to a contraction or expansion of the actual Money Supply. US coins were made of silver, and I believe that they again will become a store of value for citizens and circulate along side dollars.
Very educational, I learned allot from this video, thank you for sharing your knowledge.
Um,
good idea (a bit choppy) and I appreciate the comparison, but some changes.
1. Companies owe money to gov as a whole, not to a part of gov. The state decides how to spend the money.
2. Companies that can't pay their bills go bye-bye. Their last task would be selling the inventory. The workers will be long gone.
3. #1 difference = America can print money, as much as it wants. If we want oil, hey they take dollars. Print some more. We are THE ONLY nation to do this. We are the world currency
Very interesting. Thanks for posting your insight Vorojtsov.
Hi Skyler! I am working on the bullet list for inflation right now. Thank you! Serguei
very educated man you have so much to offer I WISH YOU COULD COME AND DO LECTURES TO THIS COUNTRY
THE POWER OF THE INTERNET IS A BLESSING
SO NICE TO KNOW YOU
LOVZZZZ
THE BEE
NURSE DEBBEE
Thanks for a perspective that you'll never find in the media. Are you a professional economist or mathematician? (The two often converge.) This was incredibly good information, especially considering it comes from hard experience.
I agree with you on fractional reserve banking but there's nothing wrong with charging someone interest to borrow capital. Eliminating that from the freemarket would violate property rights and the rights of citizens to enter into contract with one another.
No one is going to lend out saved capital for free.
Exactly, my friend.
Hi papiowhisperer! I think food will be in the barter sector in your local area. For external transactions it should be in the cash sector. With Best Regards, Serguei
thanks for emailing me the video
Remove fractional reserve system, the debt base moneysystem. Also get rid of interest. That will basically solve 99% of the problem.
Hi flangelet! You summarized it perfectly! Serguei
thank you Voroj for this video! great work!!
keep up the good work :)
thank you for bringing the barter business back in my mind :) your Russian experience gives an interesting insight
Greetings from Vienna
@LosAztecas - Actually, the limit is 100MB. It was specifically rejected for length. I edited the video down to 10:15 (42MB) and it was accepted.
Also, vorojtsov, the maker of this video, says below that this video is 67MB.
UA-cam... I can't figure them out. lol
Thank you for sharing your thoughts and insights! They are much appreciated!!
Great info. The economic fundamentals are in place for a huge systemic collapse. The fuse has been lit with the bailout money. Subscribed.