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To: OwenKellogg
I read about the simultaneous inflation and deflation at the Russian currency devaluation. Imported food, fresh food, and quality canned goods, toilet paper, soap, and medicine became very expensive. Fur coats, jewelry, electronics all became very cheap. People would sell luxuries at a discount to get necessities. If you had a hoard of necessities, you could get luxuries very easily for them.

Unfortunately, the Russian system of economics meant few people but the wealthy had a hoard of necessities.

40 posted on 05/14/2011 11:57:23 AM PDT by tbw2
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To: tbw2

That’s what I’m saying-—don’t think just in terms of what will tide you over but lay in “trading stock “——even things you might not really need personally but stuff you know others will be crying for. For example if you wear a beard stock up on razor blades anyway.


61 posted on 05/14/2011 3:00:37 PM PDT by cherokee1 (skip the names---just kick the buttz)
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