Posted on 02/19/2015 6:50:53 PM PST by blam
Mac Slavo
February 19th, 2015
It’s impossible to predict when and how our economy will finally reach a breaking point, but according to contrarian Shadow Stats economist John Williams it’s coming one way or the other.
The only thing we can do now is to prepare for it and that means stockpiling critical supplies, just like you might for an earthquake or snowstorm, but in larger quantities.
Because, if and when hyperinflation starts people will quickly realize that their dollars are worthless. And as we have seen time and again, and most recently in Russia, when a currency rapidly loses its value the public will have no option but to panic buy everything that isn’t nailed down in an effort to unload their diminishing purchasing power before their currency is completely worthless.
This means, as John Williams notes in the following interview with Greg Hunter’s USA Watchdog, that food and other essential supplies will disappear within a matter of hours.
(snip)
(Excerpt) Read more at shtfplan.com ...
I’ve been hearing that for the last 45 years, from various writers. I keep wondering when it’s going to happen ...
Many stock pricing model are based on discounting. Inflation should cause interest rates to rise and at higher interest rates stocks would appear to be over priced.
Interesting; at the same time this proves other things--
The BLS is fairly transparent with their methodology so it's not that hard to find out what the story really is. Very different from say, the BEA or worse the Census Br. where they got freer reign to fudge.
--especially right after yesterday's PPI in negative land. There are Marxists that remain faithful even when shown how none none of Marx's predictions came true. They say it only proves how very far Marx was able to see into the future.
Good model. Users self-destruct while increasing efforts to ignore or twist reason for their ever stronger emotional attachment to a cherished meme.
Assuming major debts are paid off and all preps are in place?
In theory, split between income producing real estate and good growth mutual funds.
I suspect that when the Akerican who grows your food is faced with higher rices for that iPad he wants, that he’s going to raise his own prices as he can.
Does anyone else remember Howard Ruff?
It’s impossible to predict when and how our economy will finally reach a breaking point
It’s impossible to predict when and how our economy will finally reach a breaking point
It’s impossible to predict when and how our economy will finally reach a breaking point
There you stand, all spic and span.
I have friends who are mixed race. They are not mongrels. Although I agree with your premise, please do not use that term.
mongrel
[ ˈmäNGgrəl, ˈməNG- ]
NOUN
a dog of no definable type or breed:
Would you prefer that I use, "Obama is a cur"?
Some would say it already has
===> Anyone want to hear my gasoline storage story ? <===
Yep.
Our grandkids and their kids will sit around their huts and caves at the weekly cooking fire talking about Grandpa’s “Good Old Days” when hot dogs and bacon were only $5 to $6 a pound, a pair of Levi’s was only $50 and a pretty nice car was less than $50,000 dollars.
Of course, by then they won’t even know what a hot dog, a car or a pair of Levi’s is or a dollar looks like.
Some would say it already has
Over the past hundred years or so inflation's averaged about 3% and stock indexes have averaged ten. Throw in dividends at 2% we end up w/ stocks returning 9% after inflation. Not only that, I can buy groceries w/ my brokerage debit card; gold coins in the basement are a lot harder to turn into food.
fwiw, over the past hundred years gold's yearly returns have been just one percent over inflation.
But I bet they will be having rat catching contests.
Do you have insurance?
The more I know obama, the less the phrase "President Biden" bothers me.
You and all their other kith and kin.
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