Posted on 07/15/2011 6:21:22 AM PDT by quesney
Don’t forget how-to books of every kind! The future may belong to the person who knows how to turn a bicycle into a water pump, or can convert a sewing machine over to treadle.
Note that the last 10 years shows a solid average of 15% per year annual gain, subject to fluctuations from a generally straight rise.
That wasn't the usual group or preppers or even the growing ranks thereof. It was the United States' Government ordering some 240 million freeze-dried meals.
Either someone is stocking up (or the usual suspects will be provided for, like someone's private army they wanted), or the Government has effectively interdicted the supply of freeze-dried foods to the consumer by stripping the market. Either way, if the SHTF, you can be guaranteed that there will be those who will gladly sell their souls for a full belly.
Obama’s Legacy, the death of the American Dollar as the world currency standard. For a hundred years the world has trusted America, now, they can’t.
Thanks OBummer.
Uh, skip the hybrid seeds, they require fertilizer, go for the herloom varities. Not only do they produce better in a natural enviroment, they put out usable seeds.
If I was trading, I would not trade for hybrids. One shot crop that is too demading of the soil.
IIRC, the inflation adjustments to Social Security are based on the CPI, which (again, IIRC) does not take into account the “volatile food and energy sectors”, which means when prices jump, those relying on that income will feel the crunch.
“never left” pretty much applies to me——but I modify that slightly. For me it’s gold, silver and guns-—I can get a bag of groceries with a little of each if paper money goes south.
No, it was confiscated at $20/oz. After the roundup, the price was fixed at $35, effectively reducing the value of the currency people were paid for their gold.
“If cash money gets to be worthless ... what do you redeem the solid gold for ?”
Light bulbs. ;-)
——The only further debasement of the currency possible is to reduce the physical size of a dollar bill to the size of a postage stamp.———
The size of the bill is irrelevant. all money today is actually entries on electronic ledgers. The bills are but physical representation s of those ledger entries.
The single zap to make an entry can represent a single $ or a trillion $$’s but itself is infinitely small
SS is indexed. Wages rise in inflation and so will SS although there might be a lag. The phrase is “a rising tide raises all boats.”
In an inflation where all prices rise, the price of labor is one of the costs contributing to the rise. The unions complain about lack of raises. There were no raises for many years except for those who merited a raise. There was no general rise because there was no inflation. Labor leaders will crow how they got raises when the root cause is inflation.
The government must have wage inflation because of the benefit on marginal tax increase on the wage increase .
While wage earners may not have wages increase on parity with the inflation they will not be severely hurt. That will be politically untenable.
The debt is reduced by devaluation of the currency and the marginal tax increase from inflated wages.
The above is currently underway as evidenced by the prices of gold and oil in both US Dollars and Euros.
The people who are affected the worst are creditors. The long debts will be repaid in $$ having a value in gold or oil or real estate less than those loaned
-——gold confiscation happened AFTER it had appreciated substantially-——
Not only that but most of the world had been off the gold standard for 6 years before Roosevelt made the move. He had no choice. Had he maintained the fixed price all the gold would have been sold off
People are America centric not realizing (or admitting) our economy is part of the world economy. The depression and the end of the gold standard were not really American events. The world was involved.
Why do some fear gold? Ignorance mostly. There are those who extrapolate hard times into catastrophe and chaos, believing in their hearts that ammo is the supreme. The likely hood of trading ammo for anything is so remote it is laughable. There have been innumerable panics and hard times but never one where times were so bad that ammo or any thing similar was the medium of exchange. Gold or silver coins will never be the medium of exchange on a world scale.
The question that should be considered is Gold ( or silver or land or canned goods or any hard asset besides ammo ) a better investment than government bonds or savings accounts or certificates or deposit or cash in the mattress?
The answer is yes. In an inflationary economy, hard assets are a very good way to preserve wealth.
People who have no money to invest need not concern themselves with the question
Oh, I dunno. Food, water, fuel, clothing, you know...that sort of thing.
Silly question. you use it to establish credit with people who have and can sell you what you need or want.
I thought folks might see the sarcasm.
Thank you. I think someone from one of the old Eastern Block nations wrote that. He knows what he’s talking about.
That 75 o F keeping temp for canned goods is quite vulnerable to a/c failure and power failure in hot parts of the country.
After Hurricane "Ike" in 2008, my neighbors and I were without power for 16 days. After "Alicia" in 1983, my apartment was dark for about three days, but the people across the street were without power for a week. And that was on a major thoroughfare. Interior temperatures ran to 82-85 o daily, declining to about 80 at night.
s Not too good for French wine, either ..... but I don't think California, or Texas, wines would "mind" as much.
“Then why do they put expiration dates of one year on canned foods?”
IIRC it was some government thing that would warrant they still had 99% or some stupid number of the vitamins, etc. in it. SOME of the vitamins will degrade over time, and in some things the taste may not be quite up to par. But as long as the seal is not bad, no bulges, etc. the canned food is safe to eat.
I think it is tomato products (and their acidic nature) that can either degrade the cans more quickly and/or not taste as good.
Lots of stuff on the internet if you’re serious about long-time storage with regards to canned foods. I think all and all most of it stores well and long.
I was just noticing that my bank has stopped providing the shot-down images of my checks. Now I have zero protection against check-kiting rings.
I have pointed out (uselessly) to my damned banker that electronic ledger-entries are not protectable against modern cybercrime -- I was told to quit banking online seven years ago, the 128-bit key was already coming into question -- and that an electron stream is far, far too tenuous and insubstantial a thread by which to hold and manage real wealth.
Give me florins and thalers, ducats and gold bezants any day.
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