Posted on 12/04/2011 6:02:21 AM PST by blam
accurate statement, since it’s buying power is 1/10 of what it was in 1971
ok - so after we sort out our 1982 pennies from our stash and patiently wait for the collapse of civilization.
What exactly do we do with them?
I've bought 'old' auto jumper cables for $0.50 to $2.00 each. Some of the heavy-duty cables can be worth $10-20.00 each for the copper content.
Other items I'm collecting for barter, Coleman camper stoves, propane/gas lanterns, chain saws/and parts, 20 pound propane tanks(that I fill), throw away Coleman one pound propane cannisters (I refill those myself), etc.
If the electricity goes out or...people can't afford the bill...these items could be in demand and traded for items that I need.
If all people carried around little change purses for pennies, it would be more likely to see them get quickly back into circulation. Women mostly do. Men, who rarely carry handbags and who wouldn’t want the lump of a change purse in a business suit, keep the change loose in their pockets and dump them in a drawer or change cup at home. If the smallest denomination is something else, the same thing will happen to it as currently to the penny. The makers of vending machines might be the only ones really thrilled with such a plan, but the people who lease or buy them, less so.
Victor Davis Hanson wrote a few weeks back that thieves in California’s Central Valley and in his home town of Selma, CA are stealing the bronze memorial plaques from building cornerstones, historic markers, and war monuments. What a tragedy for the nation when we’ve come to this point.
Thanks for the jumper cable tips! I’ll be looking for them. I’m into propane too. When I see someone throwing out a beat up gas grill I take out my knife and cut off the hose and fitting. I have about 10 of those. Now that you mention barter I will definitely snip off every one I see now. I have three 20lb propane tanks and two cook stoves that can be hooked up to the 20lb tank. One is a camping stove I bought for $10 at the flea market. The other is made in Colombia and is a regular 2 burner for the kitchen that you put on a table. That’s how they do it in the 3rd world. A woman is very happy to have a two burner propane cook stove. Now I wish I had bought the other camping stove I saw that day
Nearby town used to refill propane tanks for only $10. How do you re-fill yours? From an underground propane tank? I started my propane backups after a hurricane knocked out electric for 12 days. So no use of the electric stove for those days
Obviously the key words here are redundancy, back up systems, and many fall back plans A,B,C,D etc
Thanks for the jumper cable tips! I’ll be looking for them. I’m into propane too. When I see someone throwing out a beat up gas grill I take out my knife and cut off the hose and fitting. I have about 10 of those. Now that you mention barter I will definitely snip off every one I see now. I have three 20lb propane tanks and two cook stoves that can be hooked up to the 20lb tank. One is a camping stove I bought for $10 at the flea market. The other is made in Colombia and is a regular 2 burner for the kitchen that you put on a table. That’s how they do it in the 3rd world. A woman is very happy to have a two burner propane cook stove. Now I wish I had bought the other camping stove I saw that day
Nearby town used to refill propane tanks for only $10. How do you re-fill yours? From an underground propane tank? I started my propane backups after a hurricane knocked out electric for 12 days. So no use of the electric stove for those days
Obviously the key words here are redundancy, back up systems, and many fall back plans A,B,C,D etc
I have heard of that happening here in Houston too. What do you bet the thieves are not using the money to buy food for their children or to pay the rent. They are getting welfare money for necessities this is drug money for themselves. If only baby momma would share ~sob~
I have heard of that happening here in Houston too. What do you bet the thieves are not using the money to buy food for their children or to pay the rent. They are getting welfare money for necessities this is drug money for themselves. If only baby momma would share ~sob~
Yeah, I saw that on the news too. I didn’t shed a single tear!
Yeah ........ fried!
Make a lot of wishes at a local fountain?
Assuming the interest rate being charged on that debt doesn’t change to reflect the new inflation rate, yes. For fixed-rate loans, an increase in inflation helps debtors and hurts lenders. That’s one of the reasons banks like adjustable-rate loans.
Assuming the interest rate being charged on that debt doesn’t change to reflect the new inflation rate, yes. For fixed-rate loans, an increase in inflation helps debtors and hurts lenders. That’s one of the reasons banks like adjustable-rate loans.
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