WE ARE IN DEEP, DEEP ECONOMIC S**T

[Randall Flagg]

so what do you suggest? buy silver? buy gold? What hedges do you prefer against inflation? (note there is no purple in those questions; these are serious questions looking for serious answers)

I would say self sustainability is the only true hedge against inflation, if you produce your own energy(wind/solar/etc) then it dont matter how much it costs to power your house on the grid.

Along those lines i would advise for long term foods, or anything that you can buy today and know that you will use in the future. All these items even in the best of times have gone up in price and not down.

As an example, i have 2 years worth of toothpaste, 3 years worth of soap, 2 years worth of razors,etc.

If your looking to make a profit on items in the future, why not a class 3 permit and collect automatic weapons/ammo and such?

I would only advise gold if someone had 100k or more they wanted to protect.

I would suggest land,livestock,and items you use daily to start off with. I invested in heirloom seeds, talk about an investment that keeps on growing and will long into the future, those are it.

The burger king have it your way lifestyle is over, the quicker people realize it, the better off they will be.

A system that was set up to create the principal but never the interest, is a system set up to drain the wealth and then collapse. Thats just the way it is, the system wont care if anyone believes it or not, it will happen.


Thanks for the question, this is imho so ymmv.

 

[Redemption]

I wish this thing would hurry up and break. I want it to fail, I have a bona fide investment in this whole SHTF thing. I don't want it to get better, I want it to FAIL, and fail in a big way. I have investments also and I am waiting for them to pay off. They aren't going to payoff unless there is a collapse. Loddy doddy about some guy preparing to get rich off of other peoples labor in 5 years..... I would rather you FAIL. Its time to start over.

 

[ATOMonkey]

I cannot get over how shortsighted the naysayers are. People have been predicting the end since the beginning. There is a freaking ebb and flow, and times do change. Things get worse. Things also improve. There are many facets to the story. If I were to take all of this stuff to heart, every time it's published, I'd dig a grave and shoot myself.

Think back- our parents could have done the same thing during hard times. Early eighties. Fuel shortages. Cold War. the Great Depression... etc etc. The good people did not give up. Know what they did? They kept on keeping on. And that's what I'm going to do.

Wake up and look at the whole story for once, people. You know how many of us there are? Good solid people with something to live for, who don't ask for anything, and who won't stop working their asses off for the benefit of themselves and those around them? TONS. TONS of US. Here in INDIANA, land of the free, we're surrounded by these good folks.

So, you're saying that you expect things to get worse, but you don't plan on doing anything to prepare for it?

They only reason people kept on keeping on, is because they were prepared.

 

[6birds]

I wish this thing would hurry up and break. I want it to fail, I have a bona fide investment in this whole SHTF thing. I don't want it to get better, I want it to FAIL, and fail in a big way. I have investments also and I am waiting for them to pay off. They aren't going to payoff unless there is a collapse. Loddy doddy about some guy preparing to get rich off of other peoples labor in 5 years..... I would rather you FAIL. Its time to start over.

Why would I lower my self to your lifestyle? Sounds like you've already failed.

 

[zcsmith464]

Good Call 6Birds! You are really onto something there!

 

[Duncan]

The Arena: - Yves Smith Bio

Yves Smith has written the popular and trenchant financial blog "Naked Capitalism" since 2006

Yves has spent more than 25 years in the financial services industry and currently heads Aurora Advisors, [Yves is a graduate of Harvard College and Harvard Business School.


We Speak to Real News Network About QE2 « naked capitalism

Yves Smith Interview: Quantitative Easing and Riding The Bubble

[ame=http://www.youtube.com/watch?v=hfpCATFmmc4&feature=player_embedded]YouTube - Naked Capitalism and QE2[/ame]

 

[rambone]

I wish this thing would hurry up and break. I want it to fail, I have a bona fide investment in this whole SHTF thing. I don't want it to get better, I want it to FAIL, and fail in a big way. I have investments also and I am waiting for them to pay off. They aren't going to payoff unless there is a collapse. Loddy doddy about some guy preparing to get rich off of other peoples labor in 5 years..... I would rather you FAIL. Its time to start over.

This is just asinine. Why don't you wish for WW3 while you're at it.

 

[henktermaat]

So, you're saying that you expect things to get worse, but you don't plan on doing anything to prepare for it?

They only reason people kept on keeping on, is because they were prepared.

I'm prepared. I'm just not a fan of all of this sensationalist tinhattery.

Remember swine flu?

 

[Hoosier Gun Coat]

I'm prepared. I'm just not a fan of all of this sensationalist tinhattery.

Remember swine flu?

Or Y2K?

 

[henktermaat]

Or Y2K?

Yep. The older you get, the more you understand...

Just wait. 2012 is gonna roll around and folks on these forums will be screaming at me to dig a bunker.

 

[level.eleven]

I'm not sure if non measurable, social events like Y2K or swine flu can be compared to the current fiscal crisis. And yes, as much as you want to dismiss it, there is a crisis. Many world leaders reacted negatively to QE2. Rumblings of QE3 are already popping up. Are investors looking to spend in this nation, or nations like the UK and Germany were instead of QE they are actually cutting government spending and slashing debt?

Poll Shows Investors Pan QE2, Like Merkel's Budget Cuts: Video - Bloomberg

 

[Disposable Heart]

I'm prepared. I'm just not a fan of all of this sensationalist tinhattery.

Remember swine flu?

Plus 1

Being prepared is one thing and a great idea across the board. Preparedness can be applied to ANY natural or unnatural disaster that comes up.

If a few REPUTABLE sources of information are saying this stuff, rather than some blog that was created a year ago or some other book writing junk head that popped out of the woodwork, popular only because they tell people what they want: Panic. Fear. Quite a few people can't seem to function in their lives WITHOUT panic.

I guess if a blog is "popular" it's true? How are the sheeple now? I remember blogs that were calling for everyone to pretty much seal their homes tight and prepare for government invasion due to Swine Flu. How quickly they went to the wayside...

 

[Kelevra TAR-21]

Economy Collapse

How long do you guys think before this happens? In my opinion the country has been mortally wounded and there is no turning back.

 

[henktermaat]

I'm not sure if non measurable, social events like Y2K or swine flu can be compared to the current fiscal crisis. And yes, as much as you want to dismiss it, there is a crisis. Many world leaders reacted negatively to QE2. Rumblings of QE3 are already popping up. Are investors looking to spend in this nation, or nations like the UK and Germany were instead of QE they are actually cutting government spending and slashing debt?

Poll Shows Investors Pan QE2, Like Merkel's Budget Cuts: Video - Bloomberg

I don't want to dismiss it. Who wants to dismiss it?

 

[danielocean03]

Relevant threads merged.

 

[level.eleven]

I don't want to dismiss it. Who wants to dismiss it?

My bad. I think we are on the same page. I agree that economydoom.com (or most econ blogs for that matter) are going to present data and script their speech at an extreme angle.

 

[rambone]

I remember blogs that were calling for everyone to pretty much seal their homes tight and prepare for government invasion due to Swine Flu. How quickly they went to the wayside...

I think people are pretty safe in believing the opposite of whatever the government says. The government likes to hype up flu season so people go get shot up with vaccines. All the more reason to avoid them.

In this instance, the Government wants us to believe the recession ended in 2009 and trillion dollar stimulus spending is going to save us....... Which tells me that the recession is still raging on and trillion dollar stimulus spending is going to **** us.

Just sayin.'

 

[Redemption]

Has it failed yet? I'll check back later.


Oh yeah, WWIII would be nice also.

 

[Lex Concord]

Has it failed yet? I'll check back later.


Oh yeah, WWIII would be nice also.

Looking at your avatar, I'm guessing you're quite serious on both counts.

I hope your investment isn't something here where moths destroy and rust corrupts.

 

[88GT]

And like every fiat currency before, our currency will collapse, it is not a "if" it happens, simply a when it happens.

I disagree. More often than not, bad monetary policy is to blame for economic crises, not the form of currency used.