Hyperinflation a reality?

[BushMasterBoy]

If the economy severely fails from printing all that money and your retirement plan is all in stocks & bonds dependent, you will be left helpless. Got any gold or silver?

http://www.youtube.com/watch?feature...&v=hZl902JEJZc

[Aloha_Shooter]

If the economy severely fails from printing all that money and your retirement plan is all in stocks & bonds dependent, you will be left helpless. Got any gold or silver?

http://www.youtube.com/watch?feature...&v=hZl902JEJZc

Hell with gold and silver, got enough steel, copper, brass and lead?

[Sawin]

Hell with gold and silver, got enough steel, copper, brass and lead?

Haha, well I'm "diversifying" like I've always learned was best .

[Rust_shackleford]

It always amazes me how many people think about storing a year's worth of food but don't think about how they'll get potable water. If you're really talking about an apocalyptic scenario, wouldn't you like to have a ceramic water filter and small supply of replacement cartridges? Perhaps your BOL has its own well -- if not, do you think the municipal water supply will magically continue to operate?

The water storage should go without saying. Rules of three. Thank you CPT Obvious. The thread was about hyper inflation. Food storage isn't always about the EOTWAWKI, it could be a spouse looses a job, income slows as food prices increase. The Fed will have to do some thing, as it is now impossible to pay off the debt. We may see a new currency. You'll see your 401k and other retirement plans nationalized before gold is confiscated.

[Sawin]

....You'll see your 401k and other retirement plans nationalized before gold is confiscated.

What's going to happen if 401k's, IRA's, 403B's, thift-savings plans, etc are "nationalized"?
I mean that as an open ended question with respect to the effects on the accounts as well as the reactions of the population with those kinds of accounts...

[ChunkyMonkey]

The nationalized version is the SSN. I dont think your 401k etc could ever be nationalized, unless if you like in North Korean style rule. However, in an event like hyperinflation, they can freeze the market. This has happened many times through out the world.

[Rust_shackleford]

http://www.govtrack.us/congress/bills/111/s3760

[Rust_shackleford]

http://ppjg.me/2010/09/12/nationaliz...-middle-class/

[ChunkyMonkey]

^^^ that's nationalized management of your retirement. The term 'nationalized' in the context of hyperinflation is as in confiscation. Like I said, we already have nationalized system as in SSN.

[Skullworks]

Good point.

If nothing else keep a few extra bottles of chlorine bleach handy. Add about 1/8th teaspoon per gallon of water ... if the bleach has been stored more than a year, double that (it loses effectiveness over time). Let it sit for at least an hour before drinking (takes about 45 minutes to kill any Giardia).

Bleach is good for a short term solution. But good filtration and storage is a necessity for long term.

Buy the dry powder chlorine for swimming pools - pool shocker... As a dry powder it has multi-decade shelf life ( when stored in screw top gallon jugs) and can treat a huge volume of drinking water. You can mix up a gallon or so of "bleach" as needed to treat your water supply.

Not a problem for me as I have a well which has its own set of problems. I need 30A of 220VAC for my well pump - That is more than my backup generator can handle with the starting surge. - So I'm looking at old school solutions - Those windmill pumps from 100 years ago are still made - except now with a stainless body vrs cast iron. The price of the complete set up digs deeply into your wallet and bank account - but when the power goes off - clean water may be worth more than gas.