Posted on 10/03/2013 3:17:32 AM PDT by Mozilla
Paper anyway. In my opinion, you’d be better of with a few pounds (or more) of silver dollars.
Those who started prepping at the beginning of 2013 did the right thing. They have been spared the steep rise in prices for everything a family needs. It’s time to prepare for the worst.
I started prepping when it looked like baraq would become president. Went all Dave Ramsey. Still prepping. This will get worse and it is weird having to live in two worlds. Working as if everything is normal, but at the same time, prepping for the zombie apocalypse.
in 2008 I used to spend an average of $150 for my usual groceries
now, I am lucky to get out of the store spending less than $350 for the same things
You think gas is bad try buying propane.
I do not expect hyperinflation. No major nation has ever had it.
Hyperinflation is caused by a lack of confidence in the currency.
Deflation is now a far larger threat.
So you don't think Germany is a "major" nation?
Hyperinflation is too much money in the market. Low interest rates contribute to increasing money suppy. Raising the interest rate has the effect of taking money out of the market. This article doesn’t make sense.
Inflation is here because of the continuing philosophy of low interest rates combined with Helicopter Ben dropping cash by the billions/trillions into the economy. The business world is hoarding cash because Obama is a crazy marxist. When/if companies decide to spend we’ll really see inflationary numbers....IMHO.
China and Russia are now trading in oil denominated in Chinese yuan. China has invited others to join. The other BRICS will soon. Once Japan as a buyer and some other suppliers (Venezuela, Mexico) join the dollar is finished. It will be the preference cascade that leads to hyperinflation. It is coming soon.
At what point do we call what is happening a Depression?
After WWI, there was an intermediate government that failed. It was a shadow of itself at that time. The failure of the currency set the stage for the rise of Hitler.
Most interesting, the new government stopped the hyperinflation, not by backing the money with gold, but with real estate.
> In the local grocery store I just saw a 12 ounce package of brand name bacon for more than $12 !!!
Just saw some for $14.95! but it was for a pound. I guess we eill start seeing a new lower cost meat that tastes like chicken on the market after the Obamacare death panels kick into full gear.../s
The “luxury” items that EBT card holders like to buy with “free money”, bacon, lobster, steak etc. are going thru the roof. This prices the non subsidized consumer out of the market for those items.
It doesn't take much dirt to grow 12 lbs of tobacco.
BTW, commercial tobacco tastes like crap compared to the homegrown.
/johnny
All money today is blips on an electronic ledger. The bills and coins thought of as money are physical representations of ledger entries. That is the Fed ledger.
I presently almost never use physical money. I need $14 to pay my barber but that is about all. Almost all my income is transferred directly to my electronic ledger from other electronic ledgers. I have two clients that still mail checks but the others make direct deposits.
Payment is made by debit or credit cards. If a check is required, the bank bill pay ledger will write and mail the check. Or, if it knows the account will deposit ite funds directly.
Regarding hyperinflation, I don’t think so. There will be inflation but it will be at a maximum rate of toleration. I have pegged that rete at <7%. That inflation is the way the debt will be paid. The debt will be devalued by the inflation. Payments will be made in $$ haveing less value than those borrowed.
The problem is unemployment. So long as there is massive unemployment there is a greater supply than demand and thus labor prices are very stable. It dawnwd on me last weekend that the vehicle is Obamacare.
Obamacare is going to drive up the price of everything. The increase in money outflow for the mandatory insurance will produce a hue and cry for an increase in wages to compensate. Once begun, the wage inflation will continue for a very long while.
Obamacare is the way the debt will be devalued and the problem solved.
> The “luxury” items that EBT card holders like to buy with “free money”, bacon, lobster, steak etc. are going thru the roof. This prices the non subsidized consumer out of the market for those items.
I see “minorities” with two shoppimg carts full of groceries with every type of meat you can imagine and a$$ widening snacks almst every time I go to Wallyworld using EBT cards. Depressing when my income is way down and I have a half-full cart that costs me anyhere from $150 - $200. I wouldn’t be able to qualify for food stamps anyway; I’m white, pay my bills on time, and don’t have a substance abuse problem...
I just bought 1.7 lbs of Perdue chicken breast for $10.18, and they were asking $2.19 for a 6 ounce can of solid white tuna.
In 2010, I bought 50lbs of frozen bacon for $1.49/lb; now it’s over $8.79/lb.
Pigs and chickens are the new Gold and Silver.
When entry-level preppers ask what to stockpile for the Apocalypse, one recommendation might be to get some piglets and baby chicks.
Carter's Stag-flation was when prices skyrocketed, the economy sucked and unemployment was high.
Obama-flation is just Stag-Flation ignored by the press and the government.
Fear. We live in it. It shackles the soul.
There is a better way.
pretty much.
Land would be good as well, especially land with a mortgage as you can pay it back with inflated $.
Land to feed you.
Silver to trade with.
Gold to preserve wealth to “the other side” of the crisis.
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