Posted on 12/14/2010 8:30:05 AM PST by Circle_Hook
We’re already seeing food and energy prices rise significantly - with price jumps of 30% or more year-over-year. We can argue about deflation or inflation, but we will not be sure of exactly what comes next until it actually happens. John Williams provides some recommendations, all of which we’ve discussed before, for preparing yourself and loves ones for the possibility of a complete meltdown in the US dollar. Williams is a respected economist who has a high level understanding of the fundamental numbers behind our economy, so his forecasts and recommendations should not be taken lightly:
(Excerpt) Read more at shtfplan.com ...
Yep. When all the “fuzzy and cuddly” of the holidays is over, your going see reality come home and unpack his bags. And he
has plans to stay awhile.
I don’t think we are there yet. Rising inflation maybe, but not hyper. Anyway, this will almost certainly be a world wide phenomena and will likely usher in a new world currency or something. The US is not alone in its irresponsible behavior.
Hyperinflation is going to translate into higher wages how?
ping for later
SO, I should be able to stop by and pay off my mortgage with some of the cash in my wheelbarrow I’m pushing to the store to buy bread?
shtf ping
Also blame drooling idiots who watch TV and Hollywood movies. ALL of TV and ALL of Hollywood support and cover for Obama. This includes Saudi Prince Al Waleed’s Fox/Diney and CNN which he is a shareholder in all of them.
Saudis - the people who fund Al Qeada killing Americans.
Yeah, except you will be in such a big hurry to get to the store before the price jumps up to TWO wheelbarrows that you won't have the time for it.
By the time you get back from the store, the Won will have issued an EO "adjusting" your mortgage principal upward so you can't pay it off like that any more (until next week).
The US is not alone in its irresponsible behavior.
You have just summarized inflation in two words,
Inflation and Depression are two forms of the same thing: impoverishment. Either a nation prints a lot of money and distributes among the whining, irresponsible, unproductive people, whereby it is worthless, or there are just a lot of whining, irresponsible, unproductive people having no money.
Johnny Suntrade
God, economists are ignorant.
Well at least seniors will get a raise next year and military retirees since they go by inflation.
When one hears all this talk of a “meltdown of the dollar”, the question must be asked;
Against what? The Yuan? The Euro? The Yen?
There is nothing else that can serve as an international reserve currency.
Ping.
They will declare the dollar worthless, still charge you tax and take everything you have anyway...
They will also make sure there will be no one who can buy or trade comodities such as food as all will be the domain of the state..
Christianity and the Judaism will blamed for the world collapse and banned, those who will not throw down their faith will be persecuted in every way...
Only faith directly in God through Christ will allow one to prevail, in this world or the next..
[ SO, I should be able to stop by and pay off my mortgage with some of the cash in my wheelbarrow I’m pushing to the store to buy bread? ]
Buy food now, pay off mortage with wheelbarrow of cash tomorrow...
Interesting article and comments at the source. Thanks for posting. Be prepared for all possible scenarios...food, shelter, fuel, ammo, connections to like-minded family and extended family members and friends.
LOL. Good one.
Of course the inflation measurers don't put food or energy in their basket, only crappy TV's and washing machines.
As long as seniors and mil retirees only put crappy TV's and washing machines in their basket, they'll do fine.
I hope they can develop a taste for munching on remote controls.
Gold and silver
I agree with you.
The housing collapse and the falling dollar will wipe out the vast majorities wealth, and their jobs and ability to care for their families.
They are getting close to having complete control of food.
I have known for awhile that they will blame Christians and Jews, but I am not sure how that will transpire. But it will be like the days of Nero.
My prayer, since these realities hit me in the face, has been that God will prepare my families hearts for whatever comes, feet firmly planted in Christ.
There is one thing I wonder about.
Are the ten kings of Revelation the entire world under the NWO? It does not appear that the EU will be “it”.
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.