LOL! Roger that.
Posted on 12/06/2009 7:15:16 PM PST by blam
“Deflation would mean FALLING gold prices. So which is it?”
I agree, I don’t get it. Deflation means too few dollars chasing too many goods. Either I’m totally dense or this guy has no clue.
On the one hand he says that the government is printing too much money to pay its debt, which would mean INFLATION, on the other hand he says that we’re going to have deflation. UH?
I am a Boy Scout.
>> I have a feeling that we’ll be eating a lot of cabbage, potatoes, carrots, and turnips in the upcoming years.
Shoot me now.
>> Deflation would mean FALLING gold prices.
True, unless gold (sorry, I mean “money”, ‘cause gold’s money, y’know?) is in a bubble.
Hey, bud! I’m about 400 miles down the river. Sorry to hear about the ice jams and so forth this spring. It looked really bad. Hope you and your house made it through all right.
I built the root cellar here using the style given to me by Tim Myers down there in Bethel. I dug a small spot out in the dirt - about a foot down, didn’t want to bother the permafrost - then built an insulated shed and then put 47 truckloads of soil over the top. This evening’s inside temperature: 33.3 degrees. We have a light bulb in there keeping it warm, but it was still 31.1 when the outside got down to -37 a few weeks back.
We like the Yukon Golds but I got to tell you - the German Butterballs and French Fingerlings are also real good down here. The Norkota Russetts do the best, but we prefer the frying potatoes over the bakers.
We give out potatoes to the elders, too. This is our first year with the cellar, so we don’t have as much stuff as you, but next year we’ll pack it up.
The store here has these dark blue plastic trays for soda pop that are really good for use in the cellar - they never gather moisture, and air circulates all throughout.
I also have my certificate, and I never got offers from the road schools... hey, which includes you for half the year. LOL
Um... drop me mail about the location and so forth. If I tell the world where I am, I’ll be easy to pick out of the population in this tiny place... and I like my privacy.
Keep warm.
>> The Crash Course is a condensed online version of Chris Martenson’s “End of Money” seminar.
With a name like that, I’m sure it’s completely free of bias. :-)
>>>Shoot me now.<<<
Wrong attitude, buddy. You mean, “Shoot me a moose now.” Serve with potatoes and cole slaw. Not as bad as you thought, eh?
“If you need to buy $50 worth of absolute necessities, it’s going to take a lot of dimes.”
That depends on the value of silver. A silver dime weighs 2.3 grams; there are 28 grams per ounce; so about 12 dimes equal one ounce. If silver is about $20 per ounce, then 12 silver dimes = $20 (or, what used to be valued as merely $1.20 is now valued at $20).
$50 worth of necessities would therefore require 30 silver dimes. That’s 20 fewer dimes than are needed to fit into one of those paper dime rolls.
I’d say that’s not many silver dimes to buy a bag or two of necessities.
If the seller has been asleep the past 10 years and doesn’t realize that paper money is worthless and refuses to accept a silver dime as worth anything but ten cents, then by all means pay him in paper.
LOL! Roger that.
US silver coinage is 90% silver. When newly minted, there were 723 ounces of silver per $1000 dollar face. Worn coins now are usually figured at 715 ounces per $1000 face value for bullion value. 90% junk should cost you spot or so.
Nam Vet
Hope all is well with ya Mr Blamster.
I read a pretty good article today that predicts hyperinflation in 2010. The writer based his opinion on the fact that the government had to pay $5 trillion of its debt in 2010. To make those payments the Fed will have to sell $96 billion worth of Treasuries every week. They will end up being forced to buy their own Treasuries which will bring us the type of inflation experienced by the Wiemar Republic following WWI. Fire up the printing press Ben.
http://www.coinflation.com/
Not to rub it in... but tonight, we had chicken-fried moose, lightly breaded and coated with a spray of olive oil and then baked until tender, mashed potatoes from the garden, sliced tomatoes from the greenhouse in a bed of pesto, also from the greenhouse, served with thin slices of mozarella cheese (sadly, mailed in from Sam’s Club), and a side dish of cole slaw with cabbage, kohlrabi, daikon radish, carrots, and turnip, tossed with dressing on the side.
We might be 300 miles away from the North American road system, but we’re doing so with elegance.
>> Not to rub it in...
Go ahead and rub it in. I never met a calorie I didn’t like and that sounds wonderful!
I’m going to bed... hungry now, with visions of baked moose and yukon gold potatoes dancing in my head! :-)
FRegards
Thanks for the tip.
LOL!!
The best laugh of the whole day.
We are experiencing deflation, but gold is having it’s own counter-trend bubble right now.
I think your idea of “investing” in sugar and coffee for barter is great. Seems like those commodities have always been used for bartering in past troubled times. What do you think about cigarettes? I don’t smoke, but haven’t they also proved valuable as a barter currency? I hadn’t thought about it before, but I think your approach makes a lot more sense than buying metals.
Ammo has been a very good investment. And lead that can be cast for reloads.
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