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.
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
Personally I see it every time I go to the store and the price of milk has crept up a bit more. Two years ago I could buy two gallons of milk on sale for four dollars. Today it is five.