Posted on 06/25/2013 3:02:39 PM PDT by Kartographer
I guess I am a Prepper.
I have paid off all debt. I have saved over 6 months of expenses. I have taken my 401K and Pension and put in the form of Self Directed IRA (cash) awaiting deflation to begin.
I thought we would see inflation first, but $85 billion/ month pumped into economy and not sign of inflation. Ask yourself where is the inflation? I have wondered and the only reason I can think of is that every dime is being used to keep GDP (+) with mostly government expenditures. Prices are stable due to govt spending, but wages have gone down. When Berneke rolls up QE version12 prices will follow to truly meet real demand. Not financed demand. The money is spent.
I want to be heavy with cash to buy assets for pennies on the $.
Call me a Prepper. I am not in a hole in the ground, but ya’ damn skippy that I am prepping.
#1 Most employed Americans receive their incomes directly or indirectly from government debt/revenues without producing anything useful.
********
American — Land of the Free. Takes on a whole new meaning.
Scary facts...the amount of folks who’ve not saved or set aside much, and depend (up to 100%) on the gov’t, is unreal.
Got those too. I need to sort them and move them in there. Thanks for the reminder!
/johnny
If you have $1000 and no one else has money to buy goods the prices drop and your $1000 worth much more.
I’m not prepared for a disaster that is going to last for decades.
Me neither, but I want to be prepared enough to give me time to learn, adapt and over come!
Meadow muffins.
If you don't have the skills and the tools to obtain food, water, and safe shelter, your cheery attitude just lets you put a brave face on disaster. Attitude matters, but is useless without skills and tools.
/johnny
I think it will be Argentina++ and bouts of Mad Max.
Depends on the goods and the chance to replace it. Example you are half way across the desert you are out of water so you offer a traveling companion a $1000.00 for his lone canteen of water, do you think he would sale even at that price?
I had 6 months worth of expenses saved. A year ago. It lasted about 8 months.
Then what do you do?
At least I own this place, and can't be thrown out.
/johnny
/johnny
Until ‘Bama’ wants to build a gold course on your land. ;-)
I think having cash is important, but I would rather have barter-able goods such as canned food, bottled water, ammo, alcohol, medical supplies, and high demand everyday common items such as TP.
He who has excess TP will become a VIP in the coming apocalypse. :-)
On this topic, what do I do with all the bodies of looters that come onto my property to do me harm? Any suggestions?
I hope that it wipes John Morgan out financially.
Johnny claims they make Great hog feed, but I don’t know and I will not speculate how Johnny knows. ;-)
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.