” If interest rates are going up and the dollar crashes...aside from food and ammo, what else comes through with any value? Hard assets. Stuff you can hold in your hand. Land. Gold. Silver.”
NO, NO, NO!!
If rates soar you end up with DEFLATION. And then your hard assets will crash along with everything else if this scenario comes to pass. On Peter’s last article I said the only valuable assets in a WROL scenario is weaponry, water and safe food. Gold will be pretty worthless, you can’t drink it or eat it. And try carrying it around! You’ll lose it to the gun owner pretty quickly.
BTW - this whole scenario is stupid. Who the hell would want to survive if all hell breaks loose? I’d rather move to somewhere like Japan if all this happens. At least their people believe in orderly living and not expecting the government to take care of everything.
Japan the folks who just did their own quantitative easing by printing 1.4 trillion dollars?
If this truly happens it will effect far more then just they US. It will cascade through the world.
I like Peter Schiff but on this one he is dead wrong. The US dollar is being saved by the fantastic rise in US oil production and the sudden increase of US oil & gas reserves by 50-100 trillion dollars.
Yes...you are correct. But, just in case I have been collecting all three....food, ammo, and...well, some other stuff.
Smart money is also on land you can grow food on. But, defense, survival items are your first concern. After that...barter type items come second to mind. And of course a good supply of silver and gold coins will be helpful. Personally I am investing in solar energy so that my home will have power if the grid goes down...and in powering various outbuildings I have. I own a small farm and hope to raise food...based upon Christian principles of giving food to those who cannot afford to buy food and charge reasonable amount to those who can.