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Read the book Patriots: Surviving the Coming Collapse if you haven't. It reads like a how-to manual and gets a bit dry sometimes if it's something you already know, but there is a lot of great info in there. The first chapter explains the concept of hyperinflation as the premise for the story.
Last edited by Teufelhund; 09-20-2012 at 09:18.
"America is at that awkward stage: It's too late to work within the system, and too early to shoot the bastards."
-Claire Wolfe
"I got a shotgun, rifle, and a four-wheel drive, and a country boy can survive."
-Hank Williams Jr.
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I'm already combing through my family's assets and making sure they keep them close- gold, silver, anything that's unique. I just read that the price of gold 10 years ago was $330/ounce, now it's somewhere around $1700/ounce. What!? And they speculate that it could be $2400/ounce by December 2014. I also recently read that 9% of Americans have liquidated their bank accounts (IE: Closed them and are now holding on to their cash). We're closing the gap between us and the edge of the cliff... I am afraid. Hence why I'm buying a house soon. With the value of the dollar going to drop, I'd rather pay a fixed house payment than be forced to pay a rising rent cost.
"There is no news in the truth, and no truth in the news."
"The revolution will not be televised... Instead it will be filmed from multiple angles via cell phone cameras, promptly uploaded to YouTube, Tweeted about, and then shared on Facebook, pending a Wi-Fi connection."
Smart!Originally Posted by Ronin13
They have been predicting that gold will hit $2200-2400 and ounce for the last couple of years, but it hasnt. It did hit about $1800 an ounce (would have to check) but has since dropped slightly in value.
Silver and copper, actually, are the commodities I tend to pay more attention to. Copper is made into all sorts of things and will always have value. Silver is the same. I have a friend in the metals business and he is currently buying stainless steel in serious amounts for the nickel- again a metal that is used in many many things and that is gaining in value.
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1946-2012 Nickel$0.05
$0.0529537 105.90%
www.coinflation.com
And if deflation kicks in its still worth a nickel!
Exactlylike gold or silver
Store food. You will always need to eat. Look at food prices alone in the last year.
Oh my head! It pains me to look at that stuff- I wish we could predict better, because MREs last 5 years, I'd like to have a good stock of them due to their compact size, high caloric value, and ease of use.
"There is no news in the truth, and no truth in the news."
"The revolution will not be televised... Instead it will be filmed from multiple angles via cell phone cameras, promptly uploaded to YouTube, Tweeted about, and then shared on Facebook, pending a Wi-Fi connection."
The more money they print (currently 40 billion a month with no end date) will indeed raise the price of gold. We have to stop this insanity, and bite the bullet and suffer through whatever is going to happen with the economy and stop living in the artificial world this jagoff has managed to get us into. Vote in November and make it count.
This is exactly our plan too. And if the world as we know it goes to hell in a handbasket, we'll be no worse off than 70% of Americans with massive debt, but at least we'll have a place to live... (Also a place to bug in...)
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"When law and morality contradict each other, the citizen has the cruel alternative of either losing his moral sense or losing his respect for the law." -Frederic Bastiat
"I am a conservative. Quite possibly I am on the losing side; often I think so. Yet, out of a curious perversity I had rather lose with Socrates, let us say, than win with Lenin."
― Russell Kirk, Author of The Conservative Mind
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