I have been collecting more junk silver recently. For all your newbies that means all quarters/dimes from 1964- prior,morgan dollars and peace dollars are all 90% silver.
The spot price of silver keeps going up as the world starts to realize the printing of money at these levels will have serious side effects to the value of all currencies.
I almost lost my cool when the post office claimed to have delivered a package yesterday that I did not get. I was lucky that they found it today and delivered it.
the next thing on my list is to build a bigger storage of canned goods and water. No i do not think the end of the world is coming or anything like that, but I do know that food inflation is.
I think its better to be safe than sorry in these uncertain times of housing, debt, credit, and Fiat money bubbles.
Friday, January 27, 2012
Thursday, January 26, 2012
Helicopter Ben does it again.
It seems to me that the American people are oblivious to what is actually happening.
The Federal Reserve chairman is keeping interest rates low in order stimulate job growth.
Does anyone see that the low interest rates allow us to keep running the debt up with no end in sight?
Just stay tuned because once the next round of Quantitative Easing hits us there will be no going back much like the damage we as a species have done with Global Warming. The printing of our paper money which has not been backed by anything in over three decades will lead to hyperinflation. ( That is of course right after a short deflationary period)
Has anyone noticed over the past couple of years that prices of food items have been going up while the size of what you actually get has gone down at the same time. Kind of a nice trick by companies trying to maintain profits for shareholders, but this wont hold up forever.
I Think we are in for a rude awakening and the past 30 years or so of monetary policy is coming home to roost. The cheap subsidized commodities we have enjoyed (*especially food) is quickly coming to an end. ( Learning how to grow food and becoming self sufficient will start become more important)
Can you imagine waking up one morning and the cost of a loaf of bread doubled over night.
A worst case scenario and something everyone should be mindful of is what runaway inflation can do. Look at what happened to Zimbabwe in Africa. they now have the honor of printing the largest bill in history (the 100 Trillion dollar note) and this type of inflation only took one year to fully manifest itself.
I am not saying this is what is going to happen to the United States, but the prospects for our national debt and the lack of a change in course of our federal reserve policies makes the future look grim indeed.
Please feel free to comment with your own views.
The Federal Reserve chairman is keeping interest rates low in order stimulate job growth.
Does anyone see that the low interest rates allow us to keep running the debt up with no end in sight?
Just stay tuned because once the next round of Quantitative Easing hits us there will be no going back much like the damage we as a species have done with Global Warming. The printing of our paper money which has not been backed by anything in over three decades will lead to hyperinflation. ( That is of course right after a short deflationary period)
Has anyone noticed over the past couple of years that prices of food items have been going up while the size of what you actually get has gone down at the same time. Kind of a nice trick by companies trying to maintain profits for shareholders, but this wont hold up forever.
I Think we are in for a rude awakening and the past 30 years or so of monetary policy is coming home to roost. The cheap subsidized commodities we have enjoyed (*especially food) is quickly coming to an end. ( Learning how to grow food and becoming self sufficient will start become more important)
Can you imagine waking up one morning and the cost of a loaf of bread doubled over night.
A worst case scenario and something everyone should be mindful of is what runaway inflation can do. Look at what happened to Zimbabwe in Africa. they now have the honor of printing the largest bill in history (the 100 Trillion dollar note) and this type of inflation only took one year to fully manifest itself.
I am not saying this is what is going to happen to the United States, but the prospects for our national debt and the lack of a change in course of our federal reserve policies makes the future look grim indeed.
Please feel free to comment with your own views.
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