Whether you agree or disagree, it's a good topic to discuss and debate because it causes each of us to think in terms of being prepared for whatever life throws at us, and being prepared is, in and of itself, not a bad thing. In fact, it's the Boy Scouts motto, "Be Prepared", and we all need to take some time out from our ratrace daily schedules to ponder just what that means to us individually.
Ping - for your weblink of useful info.
If real people with real money are taking the problem seriously, and looking to make money off it, then it is already mitigated. That’s how capitalism is supposed to work.
So stop selling America’s food abroad.
And stop buying so much tech from China.
A win-win. We bring back American jobs, and keep our own food.
Time to invest is now! And the investments of the hour are food, guns, ammo, common household and cleaning supplies and seeds. A crash is coming it just remains to be seen if its a hard one or a controled one.
Those of you who maybe just starting to ‘prep’ might like to take a look at my Preparedness Manual which thanks to Freeper eaker is available for free download at:
http://www.tomeaker.com/kart/preparedness1i.pdf
I’m thinking about buying MREs or some other type of dried food for long-term storage. Any suggestions?
I have plenty of ammo, fuel, tools and water. Still plenishing my pharmaceutical supplies.
Interesting Jim Rogers interview from 2009:
India
Economic Times
http://economictimes.indiatimes.com/Opinion/Interviews/Fund-Managers-can-become-farmers-Jim-Rogers/articleshow/4610704.cms?curpg=1
Fund Managers can become farmers: Jim Rogers
4 Jun 2009, 0005 hrs IST, ET Bureau
http://www.freerepublic.com/focus/news/2716522/posts?page=7#7
<>
Jim Rogers ON COMMODITIES: The Bull Market Will Go Up, Consolidate, Go Up, Consolidate, Go Up And Consolidate...
TBI ^ | 5-7-2011 | Gus Lubin
http://www.businessinsider.com/jim-rogers-commodities-consolidates-2011-5
Posted on Saturday, May 07, 2011 9:37:11 AM by blam
http://www.freerepublic.com/focus/news/2716522/posts
Jim Rogers didn’t buy or sell anything during last week’s commodity sell-off.
He says he isn’t good at market timing. What he does believe is that we’re in the middle of a commodity bull market where everything will go up for years.
Rogers tells the Economic Times:
“5% correction in gold is meaningless. These things correct 10-15-20-30% every year. Nothing unusual about that. That is the way the markets work. I do not see anything unusual. I expect there would be more correction during the course of the bull market. I hope that the bull market goes up, consolidates, goes up, consolidates, goes up and consolidates for years to come. That is my expectation for all commodities.
“I have not sold any commodity. I own all my commodities. We are in a flexible bull market. I hope I am smart enough in the entire 15 years to realize when the commodity bull market is finally coming to an end, I am probably smart enough to sell. This commodity bull market will probably end in a bubble. Most bull markets and most sectors, whether it is stocks, real estate, whatever it happens to me, lands in a bubble. We are far-far-far from a bubble so far.”
ping to self to read later
Productive agriculture land is about 50% of my diversified portfolio. I am moving to increase that portion by about 20% in the near future. There is no substitute and the supply is shrinking.
Mike
***”Additionally, there isn’t much arable land out there, it’s not increasing, and the quality of the land varies from parcel to parcel.”
I radically disagree with the article’s quote above. There is tons of available arable land, once we stop wasting it.
The suburbs here in the Northeast are filled with acre upon acre of grass. Grass that no animal will ever graze on. And people fill their yards with ornamental, not edible, trees and flowers. Many people will specifically cut down food-producing trees because they hate to have walnuts or black cherries or mulberries or whatever dropping their fruits and making a mess of the precious lawn.
So we give up some degree of self-sufficiency to look pretty.
This behavior is just plain dumb, I’m sorry, and wasteful of what the good Lord gave us on this earth.
Now imagine if we all had a change in mentality. Imagine if we saw our homes as little homesteads, like this:
http://www.dervaesgardens.com/
Not a lot of difference in a hedge fund manager and a pimp and a bookie, except with the pimp you get someone that will not lie to you about screwing you out of your money.