Hyperinflation-The Next Shoe To Drop

[ILG]

Originally Posted by TJJJ

People have got to realize why Buffet, Turner and Soros are preaching doom and gloom. Those men are sitting on Billions wanting to invest. As long as they are forecasting that then the market confidence stays low and they can invest very cheaply.

It is all about the money with those guys. Soros is the one who shorted the Bank of England and made a couple of Billion on the deal if I remember.

You can't take anything they say to the Bank except follow their wave they are making and try to make some money on their comments.

I can't remember Soros, Turner or Buffet forecasting much two years ago! If they are our indicators, where was the indications 2 years ago?

That's an interesting point.

[Ron]

Even Ducks understand Inflation!

http://www.youtube.com/watch?v=ggxX1...eature=related

[Ron]

Originally Posted by mizpeh

Did you buy the book, Ron?

No, but I have talked with someone very familiar with Macroeconomics & this scenario is quite likely!

[Ron]

Originally Posted by Edward Anglin

Now is not the time to save.

Now is the time to pay off everything you possibly can.

Eliminate debt.

Make it your goal to "owe no man." Those with debt are gonna be in a world of hurt as this economy sinks further into the abyss.

Now is the time to store up some things you know you will need over the next two years.

Get a wood fireplace or stove. Obama is going to tax energy consumption.

Find a job closer to home. Gas prices are gonna soar toward the end of this year.

We are just now through the initial phase of this collapse.

This is going to get much, much worse.

2009 will go down in history as the year America lost its way.

Foreign powers are watching with glee, and I would not be surprised if we are not tested soon.

Amen!
Grow a garden, start baking, canning, your own goods.
Putting a little food stuffs away is not fear mongering, it is prudent.
Even the animal kingdom put food away for the winter.

[Ron]

Originally Posted by mizpeh

Time to buy gold and silver?

Why save if the money we save will be worthless?

Gold & Silver are good hedges against inflation.
They are what is known as "hard assets!"

[Blubayou]

Okay! My husband and I have been watching this situation for several months. We are both on fixed incomes- so we understand that inflation is our worst enemy. We have tried to plan ahead- pay off most debts, all accept for the house, but we do have another house that is paid for- We are talking about stocking the pantry with non perishables so we can have something to eat. What do you plan to do to prepare for the times that are ahead?

[Ron]

Originally Posted by Blubayou

Okay! My husband and I have been watching this situation for several months. We are both on fixed incomes- so we understand that inflation is our worst enemy. We have tried to plan ahead- pay off most debts, all accept for the house, but we do have another house that is paid for- We are talking about stocking the pantry with non perishables so we can have something to eat. What do you plan to do to prepare for the times that are ahead?

I think what you are doing is great, reduce/eliminate debt, stock up on non perishable items (especially if on sale) you are better off than most.
Do you have a garden?

When Russia's economy collapsed in the early nineties many people survived by having dacha's (small homes in country) & grew thier own food.

[Blubayou]

No, but we do live on an acre of land- and we can garden- My husband loves the survivalist stuff and is making a list of non perishable foods that we can stock up on. He has spent his morning researching and making a list.

[Ron]

Originally Posted by Blubayou

No, but we do live on an acre of land- and we can garden- My husband loves the survivalist stuff and is making a list of non perishable foods that we can stock up on. He has spent his morning researching and making a list.

It can't hurt & if things don't turn out as bad as we think it will, that food will get eaten sooner or later.

So it is win-win.

[pelathais]

Originally Posted by stmatthew

I almost expected to see the "Branham halo" in this picture. If I was a photoshop guy, I would add one.

If you look closely enough, you will see "the light" emmanating from his left hand as he gestures.