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Page added on February 20, 2015
Hyperinflation To Start in 2015: Economist Says Get Supplies : “Gold, Silver, Canned Goods, Toilet Paper, Bottled Water…”
If and when hyperinflation starts people will quickly realize that their dollars are worthless
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.
If you have a crisis ahead of you the preparation, by definition, is something you do before as opposed to trying to scramble out after.
In terms of the inflation, holding physical gold and silver is a way of preserving the purchasing power of your wealth and assets.
In terms of buying stores of goods to live on… canned goods, toilet paper, bottled water… the disruptions to the system here early on could be just as bad as an earthquake in terms of shutting down electricity so you can’t pump gasoline, or getting distribution channels disrupted to grocery stores so that you can’t get food… You want to hold some of that in reserve to cover difficult times just like I do here in California anticipating a potential earthquake.
What we’re looking at here is a disaster just as bad in terms of the disruptive effects on people’s lives, but it’s man made as opposed to a natural disaster.
The challenge, of course, is knowing when it will happen.
As Williams highlights in his interview, we had almost no warning in 2008. People went home for the weekend on a Friday and all was well. By Monday morning the whole system was literally just days from a complete collapse that, as one Congressman warned, could have resulted in martial law and tanks on the streets of America.
Many of us were told in private conversations that if we voted against this bill on Monday, that the sky would fall, the market would drop two or three thousands points the first day, another couple thousand the second day, and a few members were even told that there would be martial law in America if we voted no.
House Representative Brad Sherman (D-California)
Debate on the House Floor, October 2, 2008Here’s the scary thing, as John Williams points out:
“People say everything is fine again—nonsense. You had a panic in 2008… The system was on the brink of collapse. The Fed and the federal government did everything in their power to prevent it. ”
“They pushed things into the future, but they didn’t do anything of substance to address the underlying problems.”
So, are we going to have another panic? Williams says, “Yes, and that is the type of thing that can break at any time, and you just don’t have the options you had in 2008 for buying time into the future.”
In short, we are worse off today than we were in 2008 and all of the machinations by global governments and central banks have done nothing to solve the fundamental issues.
The question, of course, is when will the next leg of this broader depression take hold? When is the next crash coming?
According to Williams, there is no date he can provide, but he says that some specific events may signal that it is fast approaching.
Williams called for the beginning of hyperinflation sometime in 2014 but has now revised that prediction to 2015.
Williams says you will know hyperinflation is starting by watching the dollar.
“The first stage of it will be a reversal of the dollar. We are not going to have hyperinflation until you see a massive decline of the dollar. That will start the process. You will see the flight from the dollar, and the Fed is going to have to absorb them. That will be the trigger for the money supply growth within the system which will exacerbate the inflationary problem and the deficit problem and the funding problems.”
…
Greg Hunter: This is going to happen. I mean, this is not a maybe… It’s just a matter of when, not a matter of if. Is that correct?
John Williams: Yes. That’s correct.
I think the odds are higher you’re going to see it this year. But first the dollar’s got to break. The dollar right now is strong. The dollar has to sell off. You’ll see that, you’ll have some warning on that.
Watch what happens. If the dollar sells off gold is going to be spiking… oil is going to be rising.
With the dollar at multi-year highs as of late it’s hard for many to imagine a scenario like the one being painted by Williams. However, as we know, the governments of China, Russia and other countries are already moving to divest themselves of U.S. dollars.
Being that we are undoubtedly involved in an economic war right here and now, it certainly makes sense that Russia and China will eventually move to crush the dollar. They’re not ready yet, but they will be soon.
This means that you should be actively preparing for what Williams has described as a real possibility in the immediate onset and aftermath of an attack on the dollar. Waiting until everyone realizes what happened could lead to horrific consequences for those who failed to prepare.
83 Comments on "Hyperinflation To Start in 2015: Economist Says Get Supplies : “Gold, Silver, Canned Goods, Toilet Paper, Bottled Water…”"
Go Speed Racer on Fri, 20th Feb 2015 8:43 am
stockpile gasoline. store it your garage, in old plastic gallon milk cartons.
Pops on Fri, 20th Feb 2015 8:48 am
It’s funny, on these boards from day one folks have railed against the crooked MSM, beholding to it’s advertisers and spouting propaganda by the minute.
Yet folks take this stuff as gospel and click the BUY GOLD links like robots. LOL
What happened in 2008? It wasn’t HYPER inflation… it was DEFLATION. Assets LOST value and dollars GAINED value.
Gold price FELL.
QE eventually inflated values some but the force (deflation) is strong, Luke. Use the Force!
LOL
dave thompson on Fri, 20th Feb 2015 8:53 am
I am stock piling plastic bags and other polymers while the condensate feeder stock glut makes for a great time to by low. Remember folks when storing gasoline in plastic containers to always do so with a word of caution, don’t be a stupid idiot, install an underground commercial gas tank in your front yard under the cover of darkness,with a bicycle driven pump for when the power goes out.
marmico on Fri, 20th Feb 2015 8:57 am
Did the nutter ShadowStats Williams escape the psychiatric ward again?
Davy on Fri, 20th Feb 2015 9:08 am
You all are not being smart trying to stockpile gas. It goes bad folks. If you can find containers of diesel sealed for long term storage that may work but then you need a diesel engine. You could always have a diesel engine and bio-diesel equipment. I had that once and could not make a go of it so I sold it. You could try a still to make ethanol but that is again difficult to get the purity and quantities needed. Why not just look to animal power like a horse? Look to a bike or use your legs. Once gas is rationed that’s it for a functioning economy as we know it. The Marms of the world will be in a world of hurt with their $60K Mercedes sitting idle in the garage. I have been stockpiling bourbon which is good for gifts, trade, barter, and medicine.
dave thompson on Fri, 20th Feb 2015 9:16 am
Yes Davy, having a stock pile of liquor is your best bet short term. Long term learn the art and skill of being a brew master. Making sure to have an adequate grain supply, plenty of fresh clean water and a natural gas “glut” in your back yard for power.
Davy on Fri, 20th Feb 2015 9:19 am
Pop, you do remember part of the reason gold prices fell don’t you? Investors were dumping assets of value to cover margin calls. In this respect gold held value. I see hyperinflation as the result of severe deflation IOW hyperinflation is a complete loss of confidence in the existing financial system. Hyperinflation of course can occur from high inflation.
In 2008 we were close to a runaway financial crash event that was staved off by a C hair of luck that a reluctant congress embraced QE and financial repression. The T-baggers and multi-millionaire crocodile tear liberals all went along with it. At the time these actions were seen as an outrageous bailout for criminal financial behavior and incompetent businesses (auto industry). The issues of moral hazard and fairness were mentioned and quickly trash canned. In retrospect it was an ass pimple compared to what was embraced latter on.
Pops on Fri, 20th Feb 2015 9:19 am
Davy, the snark is deep here, LOL
“hyperinflation” is a religion that has everything to do with the apocalypse of savings. It is the great fear of people who value their money above all else.
My point is not that there will never be another economic crisis but that the crisis is most likely to see deflation, which is the scarcity of money and the overabundance of stuff. An overextended credit market unwinding will make savings indeed disappear but not from dollars declining in value but literally disappearing if banks fail and .gov can’t keep up.
Davy on Fri, 20th Feb 2015 9:22 am
Pops no arguments from Davy. BTW Snark is fun among friends.
Davy on Fri, 20th Feb 2015 9:29 am
Dave, a great point I recommend. I have had a still for years:
http://www.coppermoonshinestills.com/
This is the one I have:
10 GALLON BLUE MOUNTAIN STILL
I recently purchased wine and beer making equipment. I put in an orchard 2 years ago and this year putting in grape vines. I have some bottom ground I can plant cereal grains. I remodeling a shed I will use for canning and fermentation activities. I have not used the still yet because of the legal issues. I am just getting all the infrastructure in place including books to know how to do it when needed.
dave thompson on Fri, 20th Feb 2015 9:30 am
It is in the best interest of the ruling ownership class (in all seriousness) to keep the the whole shebang propped up no matter who is hurt, steamrolled or otherwise crushed in the process. The urge to go out and buy gold is another tactic to keep people on edge and dumping money into a yellow metal that is pretty and has great industrial qualities, but if I have the food and you have the gold guess who starves.
ghung on Fri, 20th Feb 2015 9:38 am
Pops: “What happened in 2008? It wasn’t HYPER inflation… it was DEFLATION. Assets LOST value and dollars GAINED value.
Gold price FELL.”
Sorry Pops. Not sure what charts you’ve been looking at but I have to call BS on this one. Click on the 10 year gold price:
https://www.blanchardgold.com/investment-news/spot-prices/gold/
From 2008 to mid-2011 gold prices more than doubled. Indeed, the gold and silver we had in hand saved our asses from defaulting on what small debts we had, considering our local economy was in a depression due to an extreme real estate crash. The silver I purchased in the early 2000s went up eight-fold, even after commissions, etc. (my local buyer was giving spot minus 7% at the time.
Unemployment was well over 20% locally, and the few jobs available weren’t paying. Gold and silver certainly did. LOL all you want to. I was laughing all the way to the bank. Methinks it’s past time to jump back in.
J-Gav on Fri, 20th Feb 2015 10:10 am
Ghung – Pops may be wrong on gold but I think he has a point when he suggests that deflation still has a ways to run yet before big-time inflation sets in.
The dollar no doubt will tank eventually, but even the present oversupply situation for many resources (see the price drops in iron ore, copper etc) and commodities will not suffice to raise demand significantly in such a low-wage, low-confidence environment. For the time being, that equation still equals deflationary pressure. That will surely change but I’m not as sure as Mr Williams that it will be in 2015.
Pops on Fri, 20th Feb 2015 10:10 am
Look at the price between ’08 and ’09, gold fell from $1,000 to almost $700.
QE then inflated all asset classes.
http://4.bp.blogspot.com/_Agvx__LD34E/TLYv09iQAyI/AAAAAAAACTs/TC2iqBoboAY/s1600/au.png
Why then did hyperinflation not take hold? Hyperinflation needs not only cheaper dollars but more expensive goods, higher demand and increasing wages as well.
Post ’09 QE was indeed making dollars cheaper but demand was not rising and neither were wages.
Davy on Fri, 20th Feb 2015 10:30 am
Pops, I have noticed higher wages in the pipeline. I get sticker shock every time I go to the grocery store. I think the big white elephant is Europe in the immediate future. The issues I see holding panic off is an investor class that is bought into the backstopping by the central banks. If the central banks start losing trust by adverse market actions investors deem risky we may see a herd run. This appears to be a new age of finance one I feel will be the last. Ponzi schemes can hold up a long time before failure. They are con games and confidence games.
ghung on Fri, 20th Feb 2015 10:43 am
Jeez, Pops:
February 2005, when Ghung began getting nervous about PO and real estate, Ghung bought more gold and silver: Gold spot was $423
Jan. ’06 – $548
Jan. ’07 – $631
Jan. ’08 – $930
Jan. ’09 – $930
Jan. ’10 – $1152
Jan, ’11 – $1415
Jan. ’12 – $1744
Silver went from @ $7 to $48! Color me crazy?
So even from 2005-2009 (before QE) gold spot more than doubled. Spin it however you want, the numbers speak for themselves. Will next time be the same? Who knows, but I’m hedging my bets, either way. Not in a huge way, but experience tells me it’s the prudent thing to do. Two things I’ve never lost money on: precious metals and guns. Two things I’ve never had trouble selling in hard times: precious metals and guns. Two things I keep as a modest part of my portfolio?………
Davy on Fri, 20th Feb 2015 10:49 am
My experiences too G-man. I would add ammo to the list of precious metal investments
Energydebt on Fri, 20th Feb 2015 10:50 am
We go deeper and deeper into debt. The hyperinflation is not possible. The deflation due to energy decline is the fate of the mankind…
The value of gold, silver, diamonds etc. is just for technology purposes. Otherwise, their value is just imaginary.
ghung on Fri, 20th Feb 2015 11:07 am
Just another assessment:
David Stockman Interview: The Clock Is Ticking, The Carnage Is Coming Soon
http://davidstockmanscontracorner.com/david-stockman-interview-the-clock-is-ticking-the-carnage-is-coming-soon/
While I agree with the idea that we’re in a deflationary zone, I don’t agree that it won’t be followed by inflation (perhaps gross inflation) of basic necessities, and/or lack of broad availability. Either way, it doesn’t hurt to keep a reasonable stockpile of certain things. Most of you know I try to provide as many necessities as I can, locally, and avoid being a slave to big utilities and such, but a stockpile of toilet paper is cheap and has an indefinite shelf life.
One thing I haven’t noticed is a glut of butt-wipe, or prices dropping. Other things that haven’t gotten cheaper: Flour; beans; cornmeal; vinegar; salt & sugar (fluctuates a bit); meats of all kinds, including canned meats and fish. I also keep a small stash of basic things not produced much in the US: Some toiletries (tooth brushes, razors, first-aid products, etc.). Overall deflation can cause either shortages of necessities or prices will rise relative to one’s ability to pay.
In short, if I can’t produce it myself and it’s something everyone needs, especially consumables, I keep it on hand. Buy in bulk or at flea markets/salvage stores, vacuum pack it, and stick it on a top shelf somewhere. Or spend the money on a cheap golf vacation. Whatever floats yer boat.
Choose carefully.
dave thompson on Fri, 20th Feb 2015 11:09 am
“Waiting until everyone realizes what happened could lead to horrific consequences for those who failed to prepare.”
Living in an urban setting here in the good old USA, How much food,water,fuel and ammo/gold can a body keep on hand? One month? Six months? The way this article is describing the scenario that is about to be unleashed, once this goes down, even if you have prepped what kind of bleak dystopian future would one face?
Pops on Fri, 20th Feb 2015 11:10 am
I’m not arguing tall grass and high tides, Davy, just trying to counter the ever-present hyperinflation – BuyGold propaganda.
Any store of wealth without actual practical value is a liability in my mind. Ghung has a nice physical setup from what I’ve read, if he has a bunch of cash left over it makes sense to have some gold. But for the guy sitting in a mortgaged house with mortgaged cars to drive to a mortgages job?
—
Ghing, Why would I “spin” anything? I don’t have an particular dog in the fight, just pointing to reality. Click the link I provided above, it shows plainly that gold fell from around February of ’08 through nov or so, $1,000 to nearly $700 before QE started kicking in. That is the clearest sign of deflation I can think of. When the next shoe drops – if it is a size 14 – I’m pretty sure all the kings fat fingers won’t be able to “ease” monetary policy enough.
Here is another chart showing relative value of gold to oil. I’d say buying now is not such a great move.
http://inflationdata.com/articles/wp-content/uploads/2014/12/Oil-Priced-in-Gold2.jpg
Tall Grass and High Tides Forever:
https://www.youtube.com/watch?v=R82OM5tzcrk
Davy on Fri, 20th Feb 2015 11:21 am
I put a bidet in my house in Hermann MO for my Italian fiancé. Now it is a rental house but my intension back in 2010 was in a collapse situation Charmin will be difficult to get. Bidet are great toilet paper alternative used in Europe for many years. I am planning on going to Costco and purchase a mother lode of Charmin or equivalent. No room for a bidet in my 400 sq/ft cabin. Folks you can’t go wrong investing in Charmin if you can keep it dry and stored properly.
Pops on Fri, 20th Feb 2015 11:31 am
Davy, google “family cloth”
Davy on Fri, 20th Feb 2015 11:32 am
Nice tunes Link Pop.
Good point about the mortgage slaves. I was there once.
One word on gold. Just don’t value it. Just buy it. The only worry I have with my gold is if the bank closes and I cant get to my bank box. If I can gauge a collapse well enough I will get into the bank before they confiscate or lock up.
Rodster on Fri, 20th Feb 2015 11:37 am
I agree with Pops who said if you have a lot of money then why the hell not buy some gold. If you are a person of little means then the following is a must:
1)Food
2)Water
3)Ammo
It’s not a bad idea to stock up on can goods, or dried food like rice or beans. In a SHTF scenario, a can of Spaghetti O’s might look pretty appetizing to a starving person with some extra gold. 🙂
Personally if the worst happens I wouldn’t put too much faith in anything, even gold. There’s a passage in the Bible where it speaks of people throwing their silver and gold in the streets.
dinopello on Fri, 20th Feb 2015 11:40 am
Some commodities seem to have reached a bottom. Oil was the last to fall but I think they will rise from here (at what speed, no idea. How long and how high, no idea).
GregT on Fri, 20th Feb 2015 11:45 am
“Davy hit the nail on the head in his post above IMHO:
” you do remember part of the reason gold prices fell don’t you? Investors were dumping assets of value to cover margin calls. In this respect gold held value. I see hyperinflation as the result of severe deflation IOW hyperinflation is a complete loss of confidence in the existing financial system. Hyperinflation of course can occur from high inflation.”
I also did very well on gold and silver bullion during the same time period, and I only cashed out a small percentage of my holdings. I have been using the pullback to slowly accumulate more physical, not as an investment, but as a store of wealth. I also play the gold to silver ratio, adding to my holdings with no added cost to me.
I am convinced that at some point we are going to see runaway inflation. It is the nature of the beast of fiat currencies. The only things holding this ponzi scheme together at this point, are bubbles inflated by monetary policy, a rigged market casino, mountains of debt, and confidence in the system.
Food
Shelter
Security
In that order. I consider silver and gold to be part of the security plan, along with firearms and ammunition.
Pops on Fri, 20th Feb 2015 11:55 am
When the mountain of debt collapses and the bubbles deflate and the bets all come due …
Even you descriptions of hyperinflation are deflationary.
LOL
Sorry, couldn’t help it
Perk Earl on Fri, 20th Feb 2015 12:30 pm
If memory serves this Williams person is the same one that about a year ago claimed the dollar would go through a huge one time reset in value, losing a very large percentage in one day.
That didn’t happen and as I pointed out to him in an email, exchange rates adjust currency valuation on a work day basis, so why would it suddenly drop that much in one day?
Also, in a video interview I saw with him, he suddenly segued into a conspiracy theory that smart meters were sending out signals to our sub-conscious between the hours of 3-4am every night to control us.
What an idiot! How this article ever got on this website I’ll never know, but it should be ignored.
GregT on Fri, 20th Feb 2015 12:31 pm
Only deflationary if you hold something that people recognize as being valuable. In a hyper-inflationary environment paper becomes worth-less.
Go Speed Racer. on Fri, 20th Feb 2015 12:54 pm
You crazy to invest into rolls of Charmin. It so thick like a blanket, it plugs up the toilet. Everybody knows this. Stay away from Charmin. if your doomstead is full of Ammo and Charmin, shoot bullets thru the Charmin to break up the thick Sheets. Imagine after Armageddon your toilet plug up in your bomb shelter. What to do.
Outcast_Searcher on Fri, 20th Feb 2015 1:03 pm
Why does ANYBODY listen to these people and their short term predictions? Aside from such predictors selling their “advice”, it’s NOT like people can reliably make money on the horde of random-predictions-for-money investment “newsletters” out there.
And it’s not like middle term that the US needs hyperinflation to keep its debts in constant-dollar terms at a manageable level. A grinding 6 percent inflation will halve the current debt in just 12 years (rule of 72), but of course long treasury bond rates will likely be yielding more like 8%+ or higher.
Wouldn’t the “you can’t lose with bonds” crowd just love that.
Nigel on Fri, 20th Feb 2015 1:45 pm
Davy, I had no idea Italians like to wash their feet so much!
Just a thought but, if deflation leads to serious job losses and you have no money then isn’t any subsequent inflation rather hyper…
Apneaman on Fri, 20th Feb 2015 2:20 pm
A large store of disposable ‘Feminine Hygiene Products’ might make for good bargaining items after the JIT delivery system is no longer around.
Northwest Resident on Fri, 20th Feb 2015 3:44 pm
On another global finance topic, it looks like Greece just negotiated another four month no-cost extension, according to this article on ZH:
http://www.zerohedge.com/news/2015-02-20/full-eurogroup-statement-greece
“Sarcasm aside, Greece has just kicked the can for four months. Why four months? Because that’s just ahead of the big Greek debt maturity.”
Is it just me, or does almost EVERY government financial policy these days seem to have the sole and only intent of extending (and pretending) for just a little while longer? It’s almost as if they just want to stretch this charade of BAU out just a tiny little bit longer, knowing full well (but not saying) that beyond that point there is a void that the whole world will one day wake up and find itself sucked into?
During these whole Greek debt negotiations over the last week or so, I suspected that the newly elected Greek leaders would be getting a visit from some very important person or people, who would calmly explain that everything is going to hell in a hand basket soon enough anyway, and if you and your families want to be included in the V.I.P. escape plan, then just lighten up and help us stretch it out a few more months.
Yeah, just speculation. I’m suspicious and slightly cynical, I admit.
ghung on Fri, 20th Feb 2015 3:46 pm
Yeah, Apneaman, ‘Feminine Hygiene Products’ also make great bandages.
When I was studying in Russia in the ’70s, the female members of our group were told to take plenty of feminine products, and we were all told to take toilet paper. Whatever was available in the USSR was far inferior (like little sheets of wax paper). What we didn’t use was great for barter and trade before we left. I traded a roll of Scott tissue and a pair of Spaulding socks for two very nice Soviet Army belts with brass buckles.
hculliton on Fri, 20th Feb 2015 3:55 pm
Well, by the number of posts here, this is obviously a topic on the minds of many Peak Oilers. I doubt, however, that it’s a very good idea to start running around, hair aflame, buying gold, ammo and heading for Camp Doom Prep. It’s probably better to just have good relations with one’s neighbours, the 3-day emergency supplies every sane household needs, and sit back with a cup of earl grey and see how things unfold.
BobInget on Fri, 20th Feb 2015 3:57 pm
Don’t throwaway anything. My favorite is speedracers idea of using ole rotten milk jugs for gasoline in your attached garage.
Seriously, if you believe in the coming hyper-inflation, I don’t. Short any loan you can get your paws on. Invest that loan money in low income housing. Buy housing with as small a
down payment as possible. If you can only swing a single family home, make sure it’s near public transport. Multi units are best.
Don’t pay more then market value, if hyper inflation doesn’t materialize you still have cash flow. Deflation is the easiest to cure.
Just as Wal Mart did today, create jobs, raise
wages and bennis.
Davy on Fri, 20th Feb 2015 4:03 pm
Nigel, when I was a kid my grandparents had a fancy place and it had bidets. They told me the bidets were baby baths. As a kid it sounded logical. Guys I know we want to laugh and joke about these personal hygiene products but just look to Venezuela and what a roll of Charmin means to them. As a side note around here in the old days they used corn cobs. I have been told by the old timers white corn cobs were the best. Speeder, I use what my woman buys so I will mention to her Charmin is a defective brand.
Kevin Riley on Fri, 20th Feb 2015 4:20 pm
Don’t forget the aluminum foil, you are going to need a lot of aluminum foil, for the helmets. Otherwise how can you stay in touch with the alien overlords
Richard Ralph Roehl on Fri, 20th Feb 2015 4:21 pm
One day in April of 1992… I left my studio office in the late morning to have lunch with a gal-pal.
Another day in L.A. Or so I had assumed.
When I returned home later in the evening (in violation of a feckless and unenforceable curfew) I found myself… on the roof of the building with handguns at arm’s reach. There were 930+ buildings on fire. In every direction I saw buildings on fire; I could hear the intermittent staccato of gunfire in the distance.
I don’t take anything for granted anymore… and DENIAL! DENIAL! DENIAL! is the hallmark of fools endeavoring to protect an insecure eeego.
Ewe-folks… have been warned. The denouement of the petro-dollar is at hand; prepare for a major paradigm $hift.
Katie on Fri, 20th Feb 2015 4:22 pm
Eggs are $4.99 a dozen in California due to a new law about housing laying hens…..in WWII, we had everything rationed and survived. I am more worried about other things at my age.
GregT on Fri, 20th Feb 2015 4:46 pm
“I use what my woman buys so I will mention to her Charmin is a defective brand.”
Some things are better left unsaid Davy. Ask yourself: Is this the hill I want to die on?
Probably not a good plan.
jerry on Fri, 20th Feb 2015 4:47 pm
Seems to me. When things go to hell silver and gold will be good. But bartering a ounce gold coin for a can of beans would be a problem. tenth ounce is better. silver would work but it was suggested that nickles would be excellent as a barter coin. Stable, intrinsic value of the nickle, easily obtained now.
Downside is they are bulky to store.
antaris on Fri, 20th Feb 2015 4:51 pm
RRR, just checked wika. After 3 days 3767 buildings burned and 53 dead. TSHTF
James Kennedy on Fri, 20th Feb 2015 4:54 pm
Im not quick to jump on any bandwagon but along with everything I have been seeing on the news and articles friends and family have sent to me I think its time people at least take notice. The economy can only prop itself up so long before something has to give. Im also not a bible thumper but all this falls into order with a lot in there too.
Rib on Fri, 20th Feb 2015 5:04 pm
If you have the space stockpile NPK fertilizer, There will always be a market fo it.
Davy on Fri, 20th Feb 2015 5:20 pm
Good idea RIB, propane is another. I have 100 gal stored
ghung on Fri, 20th Feb 2015 5:23 pm
hculliton: ” I doubt, however, that it’s a very good idea to start running around, hair aflame, buying gold, ammo and heading for Camp Doom Prep.”
This is the kind of hyperbole that tells me how many of you don’t take our collection of predicaments very seriously, and one reason I prepare for when folks who didn’t pay attention become liabilities. This myth about “doomsday preppers” is little more than that; a myth. If you came to my place, you wouldn’t see a lifestyle not a whole lot different from many folks, though you would see my solar panels and kitchen garden as you pulled up; maybe a bit of smoke coming from the chimney. No guards at the gate, no confederate flags, no machine gun nests, no pit bulls trained to kill, though you may run into neighbors paying us a visit, stopping in to say hi, have a beer, or to borrow a tool.
Funny how most of you will agree that having a diversified portfolio, financially, is a good idea, but belittle those who apply the same philosophy to other necessities of life. It’s about making choices, and having options that aren’t entirely reliant on this economy, this social stability, and this climate, continuing as they are. After 20 years, I can say without any reservations, there has been no downside to pursuing a more prepared lifestyle. I certainly don’t expect everyone to do this. They’ll reap what they sow, or not.
I always harken back to Hurricane Katrina; how many people knew it was coming, did nothing to prepare, then stood around waiting for someone else to do something after TSHTF. No sympathy at all here. At least those who did prepare were in a position to help those who couldn’t. Those who wouldn’t could rot in hell if you ask me. I’ve seen folks waiting in line to get food, water and shelter in a number of countries. I don’t plan on being one of those people.
Pops on Fri, 20th Feb 2015 5:31 pm
Concur.