orgprophet: WAKE UP EVERYONE .... you will NOT be able to prep soon!
Jul 7, 2019 10:29:06 GMT 10
spinifex: What will be stopping everyone from prepping? And how soon is soon? Got a hot tip about an upcoming event?
Jul 7, 2019 13:46:22 GMT 10
WolfDen: I hope everyone had a good weekend! Hit tomorrow with everything you have. Chest out, shoulders back, chin up!
Jul 7, 2019 23:22:45 GMT 10
orgprophet: spinifex ... you can not prep if you can not get things, when the gfc hit it was a liquidity issue ... banks stopped trusting other banks to be able to pay so the system was grinding to a halt .... when confidence erodes that credit no longer is issued to
Jul 8, 2019 16:55:14 GMT 10
orgprophet: other banks or other suppliers of goods, the shelves will become empty ... banks can become closed, credit cards all suspended ... and you will have to live on what you have available ... this happens when hyperinflation kicks in or confidence is lost
Jul 8, 2019 16:56:25 GMT 10
spinifex: A major storm front is supposed to lash South Oz this arvo. Winds to 120k. A good test for the pallet wrap hut!
Jul 10, 2019 8:31:59 GMT 10
WolfDen: Yeah sounds like good weather Spinifex!
Jul 10, 2019 10:01:23 GMT 10
spinifex: Getting some good rains now. Hope it extends to the dry areas 100km north of here - farms up there have been missing out a lot this winter and struggling to keep stock fed.
Jul 10, 2019 12:54:56 GMT 10
WolfDen: I hope everyone has an awesome weekend!
Jul 13, 2019 12:45:30 GMT 10
justdoitmyway: Anyone around ?
Jul 13, 2019 14:33:07 GMT 10
Aint that the way it goes....... Like the saying...
Smart people invest in portfolios, us red necks play the lotto....
Can't successfully sue them.. They will claim "error and omission" rule... Meaning they can make mistakes and tap dance out of responsibility.
I suppose with a hard date for the end of the world for some followers to program into there phones makes them easier to keep on board with the cause. Or at least guarantee the monthly auto pay of there contributions to the foundation..... But what do I know ??
The farther north you go, the more things that can and will eat you and your horse. Grandpa Gilbert Keep your stick on the ice. Red Green
Its an interesting topic worthy of its own thread Pete. If one beleives in genuine high inflation the best strategy is to buy assets now, deplete savings and even go into debt. Inflation destroys savings and debt and boosts asset prices. If one beleives in genuine deflation the best strategy is to save like mad, sell assets and avoid debt like the plague.
The problem we have now (as I see it) is that neither true inflation or deflation is evident. Some things, generally lifes essentials, are seeing dramatically rising prices over recent years and trending into the future BUT other things, generally optional goods and services, are seeing price reductions of similar magnitude. Overlayed across that mixed outcome is the fact that wages are said to be stagnant and if there is no wage inflation there is no inflation. Period. Prices can't go up across the board if wages don't as well. So what we seem to be seeing is a price re-distribution; people cutting 'optionals' to pay the rising price of 'essentials'. Which is probably more indicative of general deflationary pressure. The problem we have for investment decisions is that we should be saving money and arguably selling assets and avoiding debt at this time ... yet ... until very recently, my favorite class of asset; Real estate of all kinds except luxury homes; is showing marked resistance to deflationary pressure and in many places showing a decent return. Thus one could be wise to take on a bit of low interest debt, clear out ones savings and buy a nice rural property or some rental units in larger regional towns. Then on top of that I talk to a few friends who HAVE recently sold up small rural holdings and find out they ended up selling (after a long time on market) for 30% down on their peak valuations a few years ago. So ... the whole damn situation is perplexing.
Yes that is interesting. I like the story but with different players.
I suppose if we equate planet earth to our own human bodies: One day we got some lice (humans). At first we didn't notice them. But they got too clever and numerous and annoyed us to distraction. They removed our clothes, shaved all our hair off, cut us open here and there, pulled part of our insides out, set fire to some of those insides, made us inhale the smoke of those fires and buried waste materials in the cuts. So ... we are pissed off and want them eradicated. We bathe vigorously (floods), dry off with a leaf blower (hurricanes), do a session in a sauna (global warming), then run out and roll in the snow (global freezing), have another hot shower (more floods) and smear ourselves with medication (expect the unexpected!).
Unfortunately no matter how nice the lice are to us now (Recycle! Renewables! Revegetate!) ... we want them gone forever. No ifs, buts or maybes.