I agree
Posted on 09/18/2012 5:22:07 PM PDT by Kartographer
If you think the Federal Reserve’s quantitative easing will only affect the US dollar, think again. Now that the United States has officially begun it’s third round of money printing to the tune of at least $40 billion monthly, central banks around the world will also act to ‘defend’ their currencies in kind.
Moreover, because everyone is joining the fray, all of that extra money will make its way into key resource stocks and commodities, adding further upside price pressure to essential goods like food and fuel.
It’s a race to the bottom, and the losers are the 99.9% of us who aren’t being kept in the loop.
(Excerpt) Read more at shtfplan.com ...
Fine, keep complaining every time that post for new people appears and perhaps none of us, including Kart, will respond.
so keeping cash is a mistake?...Glenn beck said to “have cash”
Pal, you’re some piece of work.
I brought this one thing up ONE TIME. I have no intention to bring it up every time, that is your ignorant assumption. What is clear is that YOU evidently cannot handle one minor criticism, once, and you didn’t even write it. Evidently neither can he.
Excellent you are through with this.
This is not a do it or don't do it decision. Absolutes don't work well with prepping because we can't predict exactly what will happen in any given scenario. For that reason, it's better to cover all the bases.
I used to ignore cash, had very little in my purse and nothing but some change at home. My money was in a card but I couldn't see that money. If for some reason I wanted cash, I used an ATM. I had to change that and did.
Keep some cash in your purse and keep cash at home, hidden so no one can find it. If power goes off right now, no cash money is available.
If power stays off, you can't pay your bills and neither can anyone else. If you use bill pay on line at your bank, that's not available any more. Can't pay by mailing a check as no mail moves anymore. Can’t go physically to the companies because they are closed.
Can't pay cash for food as it is gone within one or two days of an emergency and there are riots there anyway to get the last bit of food or riots because there is NO more food.
You still need to have that cash stored away. If, and when, food returns, your cash may be important to buy that before perhaps your bank gets up and running efficiently. There is also the chance, your money in the bank, which was on a computer system, doesn't show up anymore. That's another reason to have cash stored.
In a long term emergency, if order has been restored, there may be places set up to barter. People want to exchange goods for other goods as money has little value when people need water/food/other supplies more than they need money. Goods you can barter will be important rather than having nothing but cash.
Do both - store cash and have barter goods. If you think the bank will lose track of your money, take out a lot of cash.
Decisions, decisions. Try to cover all bases and that means store cash, too.
But that doesn't mean it hasn't happened before, either here or abroad. Recall WW2, and the utter devastation of Europe. No living American recalls the Chicago Fire, or Sherman's March to the Sea. Those are just a few incidents; there are many more throughout the histories
We can use these histories like a lantern, lighting the few steps ahead so that we're not stumbling into the darkness, blind and unknowing of the perils before us."
Thank you for those words Old Sarge - we are right to take history into consideration, it is comforting in an odd sort of way.
But I can't get over the idea that the situation today is far different than what my (limited) knowledge of historical wars and tragedies tells me.
The United States is fractured within. I can no longer envision the people of this Country coming together -united as one- in order to fight the evil that draws so close to us. And somehow, that is scariest thing of all.
Your response shows what thin skin you have to something minor that wasn’t even directed at you. You can’t just accept it and move on. I feel for you.
It believe you are wrong and this is exactly the reaction we will see it’s starting to creep out in all the countries in which the financial fall is just starting. Only about half the country have the moral foundation that you speak of. They will take (well at least try to take)what they want when the time comes.
But I always have to wonder about people who spend so much time about a persons writing style and so little time on what the thread is about.
There are two areas of history I am currently researching: Wiemar Germany, and Tsarist Russia. Both are test cases for current America.
Love your screen name.
The two areas of study you note are particularly apropos. I was a Russian interpreter in Berlin and studied at the University of Leningrad in the 1970’s.
I have felt for some time that we in America are analogous to Tsarist Russia circa 1912 or Germany in 1930.
The outcome, absent divine intervention, is a Greek tragedy in slow motion. Yes, war is coming along with the financial collapse. Much is already baked in the cake.
Get.Out.Of.The.Cities.Now. (The ‘Preppers’ are right).
Thank you for your service, Old Sarge.
Shalom
It’s important to review the timeline of events in both of those scenarios. You can look at them dispassionately for what worked - and what didn’t...
You are the one who kept the discussion going about one minor criticism, one time. You could have just let it go but you kept on about it asking me more and more. Try just letting it go if it’s so minor.
That’s rich!
Considering my earlier comments, it was kind of creepy reading the summaries of Wiemar Germany and its eventual collapse. I haven't gotten into Tsarist Russia, as yet.
Actually, that would impact us negatively. Most of our manufacturing has gone to China and end items are shipped here. Americans love inexpensive products from overseas. That's why Wal-Mart is so successful.
Or, to quote the great Homer Simpson ... "You so that so much it loses all meaning." :)
Here’s a project for you find me another that describes what happens to people when placed under extreme duress especially people who are not use to any hardship. One that is just effectively, concise, brief and pithy.
"When people have nothing to lose, they lose it!" -Gerald Celente
Not nearly as descriptive of as pithy. Actually a pretty pale comparison. Besides there are many on FR that consider Celente to be pretty much a fictional character in his own right. ;-)
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