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If you are planning your life around putting money into assets tied to the imperial core e.g. housing and retirement how do you feel abt the entire financial system being a giant bubble (lemmy.ml)

submitted 6 days ago by mistermodal@lemmy.ml to c/asklemmy@lemmy.ml

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If you think this started with Silicon Valley that's a mistake

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[–] locuester@lemmy.zip 4 points 5 days ago (2 children)

I don’t know about full on prepper, but diversifying into physical metal, crypto, real estate, stocks, bonds/treasuries etc is undoubtedly wise.

[–] mistermodal@lemmy.ml 1 points 2 days ago

Not practical advice for a large slice of the public, particularly young people. What do we tell them?

[–] CrabAndBroom@lemmy.ml 3 points 5 days ago

Yeah you don't have to go full prepper but some of it just comes under common sense emergency stuff I think. Like where we live we have a reasonably sized garden so we grow stuff to eat, and have a big rain barrel to collect water. Normally that's just used to water the plants but you could presumably boil it up and make it potable if you really needed to. Between that and just having a reasonable amount of dry food in the pantry it's probably enough to see us through for at least a week or two if anything serious happened.