Posted on 07/24/2015 4:47:21 PM PDT by Kartographer
Which is why hopefully you buy in bulk anyway and have the items you need on hand.
I lost My case when I was acciden.tly boating
And old guy I knew with experience in such matters told me that an inventory of liquor was more valuable than gold since it would be how you paid the young guys who would be providing your security, and if necessary "finding" things you needed.
Of course a supply of phone chargers and some working wifi access points might be the modern equivalent.
He was savvy. It would be neat to see what people who lived 50-100 years ago would think of us today and what they’d do. I know they would be very disgusted and disturbed by what they saw.
In practical terms, cash under your exclusive control is best for either inflation or deflation or bank panic. Remember that with *any* disruption in virtual money that exists only on computer and bank instruments, paper money and coin exists only in large enough quantity to support 4% of US daily retail. In effect, it is instantly 75% deflated right now.
Businesses *must* accept paper money and coin, because it is legal tender. But circumstances can shift rapidly so that they can and will legally refuse to accept any other form of payment.
So think of a situation where you, where everyone, can only buy anything if they have cash. Instant, massive deflation because of money shortage.
In Weimar Germany, some people got pension money paid to them in US dollars, worth vastly more than the hyperinflating German currency. Even at the onset, a brand new luxury car could be purchased for $150, whereas just before it would have cost say $30,000 (in 1921).
Everybody wanted US dollars.
I also have a lot of bourbon stashed away. However, it is only for self-consumption.
A twelve gauge shotgun and plenty of ammo won't necessarily keep you warm at night but will sure help with the other stuff.
Exactly, same prediction as last year.
One of these years they will be right.
Except for the month perhaps
;)
Some of them.
I bet you could turn Ben Franklin loose with ten bucks and a cell phone and he’d be a millionaire by the end of the year.
There is nothing new under the sun.
Propane! Get all your tanks full
It’s easier said than done when you’re living paycheck to paycheck because of massive hospital and Doctors bills for elderly parents.
PLUS, there are certain (necessary) medications that you cannot get except month to month.
Paying things off as fast as I can, but I’ve barely enough left each month to put up some rice and beans, and TP ;)
That’s right.
“It would be neat to see what people who lived 50-100 years ago would think of us today...”
LOL! I have lived 80% of that 100 years, and I know from personal contact about those for the preceding 100 years or so. My paternal grandfather was born in 1861, my maternal grandfather in 1866, and I knew them both. Spent time with them. talked with them. So, that all being said, what do I think of us today? (Read my tag line...check my profile page)
Buy bulk bagged cut tobacco, some tubes, and quality rolling machine.
L
Thanks for sharing that.
I’m also thinking a case of Skoal or such. It is surprising how many people chew.
I have read your various related comments and generally agree with what you each have stated or asked...my question...how much stash is enough for ‘three months’? I agree with the choice of smaller denominations in the stash...maybe even a jug full of quarters...but how much, assuming we have the means of defending well stocked, we have food for the three months for ourselves and our livestock (YES, livestock...must not forget our horses etc). I am right now making ready to add a generator that will supply our power needs, one to run on natural gas (we have free gas).
We cook with gas. We heat with gas. only refrigeration, lighting and communication require electricity, and we can learn to tolerate no a/c, though the generator I am considering would provide for that too, if we thought it necessary.
So, again, my question...how much stash? $5,000? $10,000? More?
And the corollary question...3 months? Or much longer? Up to a year? 5 years? So, how much stash for each of the 3 month intervals? Or for each 12 month interval? And when are greenbacks no longer of value? Is it better to have silver? Or is it better to have stuff for barter (tobacco, booze, food stuffs)?
And if any of you others read this and have comment, chime in!
Hadn’t considered that. Thanks.
Well, for just three months, I doubt I would even leave the yard. If an economic collapse happens the effects will last much longer than three months. Three months is like a natural disaster such as earthquake or flooding or winter calamity. If the collapse runs for a few months, having a backhoe might be nice ... dead bodies tend to foul the air and attract flies.
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