- Joined
- Dec 8, 2017
- Messages
- 11,921
This has been happening for ten years, some coffee are one pound.
One pound =11.5 oz
One pound =11.5 oz
I do the second part of what you said. What you said about debt makes sense in inflationary times, but I just CAN NOT convince myself to go into debt for anything. Debt is a form of slavery that I just can't embrace.Converting money into tangibles.
Home/vehicles would actually be good to have a loan on since the loan would be paid for in inflated dollars that now have less value then when you bought.
Also converting currency into gold/silver and/or ammo/guns/tools/tires/lumber
I remember in the Carter days prices went up much faster than wages and buying power went way down, it was a full decade before things settled down. If history repeats itself, I think we could be in for a long rough patch.... I don't want spend a decade eating popcorn and ramen noodles again......
You mentioned dog food. That caught my eye last week. Science Diet was running about $53 earlier this year, give or take a dollar. This week- $68.99. One of the things disproportionately jumping in price.
I am purchasing food, and more food, and more food, and more food. I am not sure when my time of earth is scheduled to end. I am fairly sure I will require food till then. I notice people post price inflation numbers for food. I have no idea where they get those.
I however get 90% plus of my food from Amazon.com and so I can go back and review the invoice for every purchase. It is shocking how many thing are up over 80% in the last six to ten months. A lot is up 40% to 60%, and some (not much) is roughly unchanged in price.
Six moths ago I purchased (7) seven cases of this for $115.00 per case. Today and for the last four months $190.00 per case. Amazon.com: (Pack of 24) Swift Corned Beef Less Sodium, 12oz : Grocery & Gourmet Food
And they now refuse to ship this product to my location. This is getting to be more and more an issue, their refusing to ship heavier packages.
I'm not familiar with that brand, but I found this.
https://www.grocery.com/store/pack-of-24-swift-corned-beef-canned-beef-12oz?language=en¤cy=USD
And this brand is cheaper at Walmart:
https://www.walmart.com/ip/Hereford-Low-Sodium-Corned-Beef-12-oz/47375689
I've turned everything I can into food stores, I also bought some electrical equipment that I have been planning to get. I may purchase some solar panels or water barrels to complete my long term prep goals.... I keep thinking what comes next? I do not remember a time when I felt so unsettled. I have lost faith in the ability of the government to be able to handle an emergency and I feel like we are about to enter a period of one emergency after another.....
I am down to thinking in small terms:
Food
Water
Power
Security
Yep, right now I can handle 1 word issues, but that's about it.....
That's a little simplistic...remember Nixon inherited a huge recession from LBJ and chose a modest inflationary route as better than massive unemployment Etc....here's some good reading on that:I remember the Nixon years! His policies darn near bankrupted the country! Talk about runaway inflation!!! Carter was tame next to Nixon!
I've turned everything I can into food stores, I also bought some electrical equipment that I have been planning to get. I may purchase some solar panels or water barrels to complete my long term prep goals.... I keep thinking what comes next? I do not remember a time when I felt so unsettled. I have lost faith in the ability of the government to be able to handle an emergency and I feel like we are about to enter a period of one emergency after another.....
I am down to thinking in small terms:
Food
Water
Power
Security
Yep, right now I can handle 1 word issues, but that's about it.....
I have developed my supply list for next summer’s major projects. Today I am doing inventory of what I have on hand and will start moving what I have into their winter storage location. Based on my supply list for next year‘s projects and what I have on hand, I have decided to buy now what extra I need for next year. Tuesday morning I am taking my truck and empty trailer into town to Spenards Building Supply and will load up with what I need for next year.
I will need to get everything stashed for the winter over the next two weeks.
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