Posted on 04/02/2013 10:58:59 AM PDT by blam
Ping.
As I said before the future medium of exchange will be the calorie.
O, great. Just what we need, a new infusion of cash into the U.S. stock and housing markets.
This just proves once again that there is no such thing as a “free lunch”, though I don’t expect government bureaucrats to get the lesson. If you rob from your depositors to cover the banks’ failures, then depositors will pull out their money and more banks will fail. Duh.
Here’s a question for Freepers out there....would you be willing to pay say $500 for a 5250 round brick of 22 Long Rifle Ammunition? $250?
How about a thousand rounds of 45 ACP or 420 rounds of 5.56mm SS109 Lake City ammo?
Times of strife and uncertainty coupled with availability make some things worth more than others.
Just like what happened in Wiemar Germany.
The people want at least SOMETHING tangible for their money.
Because they know if they wait the Cash will only be good for Sod!
Once people start panic buying food, it will resemble the empty ammo shelves at Cabelas.
It's like being on a lifeboat from the Titanic while seats are being sold to the highest bidder on it. My seat becomes more and more valuable with each new passenger paying to get on until the boat is overloaded and sinks.
If I was peddling U.S. stocks or real-estate, I might be happy. Having grandchildren who have to live with the consequences, not so much.
A thing is “worth” precisely the amount someone will pay for it at a given time, no more and no less.
Precisely And in times like these, some people place more value on lead, brass, copper and powder than they do certificates of gold or silver.
If you can’t touch it, readily sell it for milk, bread, butter, eggs, etc. it isn’t real.
And if you can’t pick it up and run with it you don’t really own it.
Wait until you see what happens when the average 4-day deep urban supply depth of stapels goes dry and they couldn’t buy anything anyway because their EBT cards don’t get charged..
>>As I said before the future medium of exchange will be the calorie<<
I am freaking RICH!
Try running with a certificate of deposit, or a “demand order” for gold.
Excellent.
I like your calorie measurement idea.
Cabellas opens their latest new store in my neck of the woods next week. Many locals have been wondering if they will plan accordingly for stock, because I can guarantee you everybody from every hill and holler will be making a mad dash for that aisle.
Good news.
How do you taste with barbecue sauce?
Lmao
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