Posted on 10/30/2010 5:58:05 PM PDT by blam
ping
Lol, I’ve actually been thinking about getting a sailboat to.
Rube Goldberg design?
They are cheap. The key is knowing how to sail and having a good Hurricane Hole.
Schematic of a Vietnamese tunnel. A hidden tunnel or your own might be useful during a "die-off", if it comes to that.
You shouldn’t have a problem learning how to sail. The problem is overcoming seasickness if you’re prone to it like I am. Hurricane’s are seasonal but in a world without law, pirates might be a problem where every you travel. Seems it would be safer to travel in groups.
That’s just what I was thinking.
I don’t know what it is (hyper-inflation or simply massive devaluation of the US$...), but I am sure sick of pretty much everything in the grocery store jumping in price every week. Of particular concern is meats - Beef, Chicken, and Pork all have gone through the roof.
And all other groceries and produce are also getting much more expensive - Yet my own income has not increased in over 2 years. Taxes are about to go up. How am I better off under Obama and the RAT-controlled congress?
And I pray that Millions keep asking the same question not only this Tuesday, but through the next 2 years.
This fellow’s pretzel logic won’t save him. Oil is increasing in price! Wow! The only problem is, the price of oil has deflated 57% from its’ last high. Even a huge oil spill and a moratorium on drilling in the GOM had no effect on the price. (I do think oil is a good investment, just bought some CVX.)
I got out of Treasuries some time back as I was worried about them too. That was a mistake, cost me some easy and safe profits.
We are seeing inflation in everyday products like food, and deflation in assets. That’s perhaps the worst scenario possible other than outright hyperinflation. But in hyperinflation, the cost of all things increases by orders of magnitude daily. We are nowhere near that. In hyperinflation, the price of gasoline would go from $3.00 a gallon on Monday morning to $200 a gallon by Noon. By evening the price would be $1,000 a gallon. THAT’S hyperinflation.
We have overcapacity in almost all areas of production. We have high unemployment and low demand for goods. That is not a recipe for hyperinflation. I’m not sure why people seem to long for hyperinflation, but they do. I don’t think they are going to get it.
Precisely, Mr. Jeeves. Price distortions are not inflation, let alone hyperinflation.
Today, milk at Walmart in Radcliff, KY was $3.92 a gallon. It was $2.30 last week.
Most don't start out that way. Economic uncertainty drove them to purchase gold, silver, etcetera. They want their investments to do well. Apocalyptic economic prognostications begin to appeal.
It's a slow process, morphing into the stereotype that is derided as a "gold bug" in certain quarters. And, it's a pity, watching it happen to otherwise sane and steady people. That's not to say that an investment in precious metals hasn't been a good one since the start of this decade, far from it. But, that doesn't appear to be enough for some.
So, we get gold porn like this, coming oddly enough from people looking to sell gold. I waver back and forth. I have some precious metals myself, and am glad it's paying off. But, I don't think I'll be dancing in the streets if it rapidly quintupled in value because of some dire economic development. I'll have big problems in that eventuality, that a vastly more valuable investment won't solve. And, so will everybody else. It's nothing to cheer about.
The Enclyopedia Of Country Living
It is also recommended by the author of The One-Hour Meltdown
Terminology is getting me confused. It appears that we are headed for a massively depreciating US dollar due to QE. May not be inflation in the normal sense, since as you state nobody has any money. Can verify that myself here in California. Cash is hard to find. Lots of downward price pressure due to that. All the QE cash apparently is going into US Treasuries to keep the bankrupt Fed and Banking system at least appearing solvent due to their toxic assets and unfunded liabilities. People that have a clue are putting what little cash they have into dollar depreciation protection devices such as commodities. As the value of the dollar depreciates, the value of the commodity rises in dollars. So in the long run the commodities will become the new money. Fiat dollars will be worthless. It really wont matter how many dollars it takes to buy something, since we will all end up bartering.
I understand the difference, blam. Thanks for posting the link for those who don’t, though.
God has nothing to do with fiat currency being printed like water and going into hyperinflation.
Well said.
Well salaries are not going up like they did in the 70’s to match the inflations.
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