Posted on 10/18/2012 5:56:02 AM PDT by blam
Investors Should Fear The Moment When A Loaf Of Bread Costs $3 Billion
David Zeiler, Associate Editor , Money Morning
October 17, 2012, 11:54 PM
Flickr / victoriachan
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Too few understand just how disruptive hyperinflation in America would be.
Truth is, it would be a nightmare.
In an episode of hyperinflation, money loses value so rapidly that people spend it as quickly as possible, which only feeds the cycle of pushing prices higher and higher at a faster and faster rate.
Imagine prices at the food store and gas pump not just going up a few cents at a time, but doubling in a matter of months, weeks, or even days.
And now some economists and market experts think many of the ingredients for hyperinflation are brewing in America.
That's because years of profligate U.S. government borrowing and spending have created trillions of dollars that lurk in the reserves of foreign countries and major financial institutions. The situation escalated after the 2008 financial crisis, with the U.S. Federal Reserve's policies of "quantitative easing" creating even more money.
"The U.S. government and the Federal Reserve have committed the system to its ultimate insolvency, through the easy politics of a bottomless pocketbook, the servicing of big-moneyed special interests, gross mismanagement, and a deliberate and ongoing effort to debase the U.S. currency," said John Williams of Shadow Government Statistics in his annual report on hyperinflation.
Historically, governments that have suffered bouts of hyperinflation - most notoriously Weimar Germany from 1922-1923 - have set the table by printing too much money during a time of economic contraction.
The trouble is, once it starts
(snip)
(Excerpt) Read more at businessinsider.com ...
These arguments are pushed by folks peddling precious metals, in my view there are far better things to buy/do now than wasting money on the precious metal bubble. I think more folks are realizing this and the peddlers are reacting by making ever more dire predictions to protect their bottom line..
I find the .223 to be quite miserly.
Don’t take what I said wrong.
All I’m saying is if nothing is available, the price is infinite.
With that said, I will say this. BEFORE nothing is available, the prices will skyrocket. But the value of PM’s, etc. will skyrocket much, much faster for exactly the same reason you describe. People will see it as a safe haven.
Now I try to save supplies and recently put up 20 lbs of oatmeal and 12 lbs of egg noodles, stuff like that.
If SHTF and somebody knocks on my door (instead of just shooting me), and asks for soup, I won’t ask them if they have silver.
I’ll ask them if they can use a spade or know how to chop wood or can haul water...
I have more stock/supplies than I'll need just so that I can share with someone who will cook for me for a share of the food.
/johnny
Yup.
I even have all the tools and other supplies to keep them real busy growing more food.
/johnny
I have a big stock of food too,but it will be shared with family members..and none of them cook..not bread anyway..I will share as much as I can with others but people need to wake up..We bought most of our stuff before the latest food increase..Ordered more the other day..
I asked on another thread about the feasibility of basically re-grinding pasta back into flour, mixing in yeast, and baking bread.
Does that sound possible?
The reason is seems to me pasta has many advantages, stores easily, little prep needed, cooks quick, pretty dense nutrition-wise.
I’d much rather store 300 lbs of pre-made pasta than 300 lbs of whole grains along with all the bugs and mites and grinding that go along with it...
And what will the ingredients for homemade bread cost?
/johnny
Are eggs an ingredient for all pasta?
The reason I ask is that eggs have a high sulfur content, and because of that, degrade quickly if exposed to air.
I have about ten lbs of powdered eggs in storage (canned) but they all have O2 absorbers, so I’m not worried about the shelf life, which is probably longer than MY SHELF LIFE...
;-)
We buy "Honeyville"!!! you can go to their web site and it will tell you most of what you want to know..
Home-made pasta I think you can use egg whites as a binder.
Store bought, I think it’s carageenan or some type of gum extract. Sumthin like that!
i didn’t know that thanks..
I don't know. Doesn't noodles have eggs and oils in them?
I don't know. Doesn't noodles have eggs and oils in them?
I should have read further before making the last post about eggs in the noodles, etc.
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