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Nickelless
Administrator
USA
5580 Posts |
 Posted - 04/03/2009 : 16:14:42
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I thought it would be very good to post a link here to Adam Fergusson's book "When Money Dies," about life in post-World War I Weimar Germany. This sort of scenario is very likely in the United States as our currency becomes rapidly devalued by the Federal Reserve's maniacal printing of paper money, and should illustrate very well why you should start preparing now to stock up on food, water, personal protection and other vital items for yourself and your loved ones. Once our dollar becomes little more than toilet paper, if you're not prepared--and there will be far too many who won't be--life will become harder than you've ever imagined. Download this book, read it and pass it along--and start preparing right now for the tough times that are coming.
The first link below is for "When Money Dies," the second link to Chris Martenson's site illustrates very well how quickly hyperinflation can hit and catch most people unaware:
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Edited by - Nickelless on 10/31/2009 15:13:01 |
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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 04/04/2009 : 06:06:27
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| where on martenson's site is the hyperinflation info? |
Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
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Nickelless
Administrator
USA
5580 Posts |
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Gresham
Penny Pincher Member
184 Posts |
Posted - 04/06/2009 : 20:42:16
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| The problem with this model is that in the economy every doubling of the money supply should be equivalent. If prices double from 4 cents a train ride to 8 cents a train ride that feels exactly the same as a doubling from 25 trillion to 50 trillion. The only way this would be a realistic model is if there are two money supplies. The supply that you and I have and that of the superrich. When the superrich get tired of holding all those extra dollars that can't possibly buy anything then the money supply grows rapidly-rapidly. |
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Nickelless
Administrator
USA
5580 Posts |
Posted - 04/06/2009 : 21:40:02
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quote:
Originally posted by Gresham
The problem with this model is that in the economy every doubling of the money supply should be equivalent. If prices double from 4 cents a train ride to 8 cents a train ride that feels exactly the same as a doubling from 25 trillion to 50 trillion. The only way this would be a realistic model is if there are two money supplies. The supply that you and I have and that of the superrich. When the superrich get tired of holding all those extra dollars that can't possibly buy anything then the money supply grows rapidly-rapidly.
The wild card is human behavior, though, and that's where all economic theory could hit the fan. Here's one article I have in my bookmarks. I'll dig up more:
You must be logged in to see this link.
I can handle shortages and hardship, but I'm taking pre-emptive measures to prevent those things. What I CAN'T deal with is stupid people doing stupid things. |
Visit my new preparedness site: Preparedness.cc/SurvivalPrep.net
--Latest article: Stocking up on spices to keep food preps lively
---------------
Be prepared...and prepared to help: http://www.survivalblog.com/charity.html
Are you ready spiritually for hard times? http://www.jesusfreak.com/rapture.asp |
Edited by - Nickelless on 04/06/2009 22:10:10 |
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Nickelless
Administrator
USA
5580 Posts |
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Nickelless
Administrator
USA
5580 Posts |
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Gresham
Penny Pincher Member
184 Posts |
Posted - 04/06/2009 : 22:50:24
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Its not that I disagree with you, I'm simply trying to understand the mechanisms involved in the process.
Aside from that what is to spot the change in psychology, yet it occurs too quickly. On the otherhand we have known for 2 years at least that TPTB want inflation at all costs.
Only last week I heard some otherwise intelligent people talk about the increase in the price of energy over the last 35 years or so and say that it used to be cheap and is now expensive.
I also heard quite abit of talk about the vast size of the bailouts etc during this last year.
I'm currently reading an article from a web site called analyisclub that is comparing todays crisis with Weimar Germany. I won't link to it because I remembered something about foreign languages and realcent.
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Ponce
Penny Hoarding Member
Cuba
630 Posts |
Posted - 05/28/2009 : 09:40:39
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In what is to come coins will be used more than paper fiat and will retain its value, where the government will be printing more fiat they wont be doing the same with metal coins... and even if they were to put out new coins the old coins will always hold its value more than the new coins.......... a la Germany in 1923.
"If you don't hold it, you don't own it"...Ponce |
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Ponce
Penny Hoarding Member
Cuba
630 Posts |
Posted - 05/29/2009 : 08:26:38
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By the way, the sheeps won't have any silver or gold so that their only means of survival will be paper fiat and it will be the only way for them to buy or trade for anything.
In what is to come there will be a lot of bargains "if you know" how to play the game... for example, this guy paid $1,800 for a race bike five years ago and now he needs some money fast and will sell his bike for $700.00........well, to start with in order to buy a new bike the price will be of $2,500 and at the same time the dollar went down in value (nothing to do with the mnf's price) so that what you are actually paying will be around $300.00 for that used bike.
Sell the bike on ebay for $600.00 and everyone will be happy because the buyer knows the real price of the bike.
Untill people learn the real valued of PM cash will be king..... if you are ready for what is to come then "almost" nothing will change in your life.
Remember the movie "Soilent Green?" where the cost of a jar of jam was of $160.00 in new money?......well, if you paid for it in silver or gold then the price will be the same as the old of $2.50 |
"If you don't hold it, you don't own it"...Ponce |
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Nickelless
Administrator
USA
5580 Posts |
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AGgressive Metal
Administrator
USA
1937 Posts |
Posted - 05/29/2009 : 16:06:34
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| Ponce brings up a great point. Its not like overnight the uneducated masses are going to have an epiphany and realize PMs are real money and paper is trash. There are plenty of countries today with high inflation where the people still deal mainly in cash. I figure that for most transactions, you will simply sell PMs to a dealer for the paper you need for that week's purchases. By the time the majority of people wake up to the weakness of holding cash instead of PMs, a new currency or a re-valued dollar will be announced. In the interim hyper-inflation, people who are prepared can profit by buying up hard assets for low prices because of desperation selling. |
And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world.
-Caxton's edition of Aesop's Fables, 1484 |
Edited by - AGgressive Metal on 05/29/2009 16:08:20 |
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Ponce
Penny Hoarding Member
Cuba
630 Posts |
Posted - 06/06/2009 : 07:59:42
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I would never sell my pm to a dealer, for many reasons, but I would instead look for other like myself that knows the value of the same.
About two years ago when gas was at over two bucks and silver at over sixteen bucks I made a deal with the only gas station owner in my Micky Mouse of a town where I paid for 2,000 gallons of gas with silver rounds.....well, at the end gas went over four and silver down to eleven.........he was still happy anyway because he knows that someday silver will go to the moon.
Start saving your loose change, if you are not doing it now, and one day you will be very happy that you did. |
"If you don't hold it, you don't own it"...Ponce |
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
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Nickelless
Administrator
USA
5580 Posts |
Posted - 10/25/2009 : 23:11:27
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quote:
Originally posted by beauanderos
I need to focus more on stocking up and prep than focusing on wealth accumulation. All the bucks in the world won't do much good if all the shelves are bare.
PMs aren't wealth per se. They are a protection of your wealth. PMs will hold their value as fiat currencies tank. But the key is to stock up on PMs and other necessities consistently so that you're not too heavy in one and lacking in the other. I've ramped up my food storage but I'm still buying five ounces of silver a month. |
Visit my new preparedness site: Preparedness.cc/SurvivalPrep.net
--Latest article: Stocking up on spices to keep food preps lively
---------------
Be prepared...and prepared to help: http://www.survivalblog.com/charity.html
Are you ready spiritually for hard times? http://www.jesusfreak.com/rapture.asp |
Edited by - Nickelless on 10/25/2009 23:11:59 |
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jonflyfish
Penny Hoarding Member
USA
693 Posts |
Posted - 10/25/2009 : 23:45:04
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quote:
Originally posted by Nickelless
Great point, Ponce. I read a while back that back in the early '60s, when the U.S. still had silver coins in circulation, a gallon of gas cost about the same as 1/4 ounce of silver. And still today, it costs about the same as 1/4 ounce of silver. Can't say the same for fiat.
Excellent point Nickelless. The same 3 silver dimes that bought a gallon of gas in the early 1960's will still buy you a gallon of gas today. |
The first panacea for a mismanaged nation is inflation of the currency; second is war. Both bring a temporary (and false) prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunities. |
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jonflyfish
Penny Hoarding Member
USA
693 Posts |
Posted - 10/25/2009 : 23:47:41
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| When money Dies is a good read. While there are always similarities to any fiat currency and hyperinflation throughout history, Weimar and today do have vast differences. |
The first panacea for a mismanaged nation is inflation of the currency; second is war. Both bring a temporary (and false) prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunities. |
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Nickelless
Administrator
USA
5580 Posts |
Posted - 10/26/2009 : 00:32:13
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quote:
Originally posted by jonflyfish
When money Dies is a good read. While there are always similarities to any fiat currency and hyperinflation throughout history, Weimar and today do have vast differences.
Well, politically there's huge difference between Weimar in 1919 and the U.S. in 2009, and the U.S. has not yet begun to hyperinflate its currency supply to pay back its creditors, but we're still fairly early in the game at least on the surface. At the risk of making an overly broad statement, I'd say that most currency hyperinflations follow very similar trajectories in terms of social and economic fallout. We're just getting started, but with the U.S. dollar having a greater reach than any other single currency in modern history, the global fallout will be much, much worse when the dollar tanks. All the more reason to keep up vigilance in stocking up and prepping. |
Visit my new preparedness site: Preparedness.cc/SurvivalPrep.net
--Latest article: Stocking up on spices to keep food preps lively
---------------
Be prepared...and prepared to help: http://www.survivalblog.com/charity.html
Are you ready spiritually for hard times? http://www.jesusfreak.com/rapture.asp |
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jonflyfish
Penny Hoarding Member
USA
693 Posts |
Posted - 10/26/2009 : 01:01:23
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Am with you Nickelless. Sorry- did not mean to make the last post so short and direct. Was racing out the door. Intended to point out some of the differences between then and now but you captured the essence with trajectories and cycles of such being very self- similar. This cycle could be very interesting as it may take a few twists and turns with the reserve currency status still needing to unwind. the biggest factor could be the Chinese, as long as they hold out on floating the Renminbi.
Used to think such stories about the great depression and hoarding were extreme and a bit silly. Could not understand how/why people could rationalize such activity. Now, hoarding everything that gets used and reused is the theme. Stocking up on PM's seems normal enough for most to understand, even if they disagree. The food storage has probably been the most extreme though. But with what we know is to come, having too much has become an oxymoron. At times I feel like my family is preparing for a battle to come as we stock and prepare the fort. People think that I am negative because of the reality. Actually, peace of mind and many positive benefits have come from prepping, including the precious oportunity to teach young minds about "Being Prepared" for life in general. Being prepared for a test at school is no different than being prepared for unforeseen emergencies, or misbehavior of others. Success comes from being prepared.
On a light note- When my wife and I sit down regularly to review the family finances, she used to react with "that" look when I'd say that I try my best to spend all of our currency as fast as possible when it comes in....LOL
Keep up the great battle. Your efforts here are much appreciated and extremely valuable.
Cheers |
The first panacea for a mismanaged nation is inflation of the currency; second is war. Both bring a temporary (and false) prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunities. |
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billo
Penny Collector Member
293 Posts |
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Ponce
Penny Hoarding Member
Cuba
630 Posts |
Posted - 10/26/2009 : 11:49:02
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Even right now......if you were to go to the hardware store to buy a copper whasher they would charge you at least then cents.......get hold of a copper pennie and drill a hole in it and you would had saved yourself nine cents.
You can also use silver coins to weld with.
Think of what you could do with all kinds of metal coins compared to paper fiat......yeah, you are now getting the idea.
Remember that the old lady did just fine in Germany in 1920-1923 with a bathtube full of coins.
Is not what you have, but rather what you do with what you have......only then will the word "survivalist" will come into play. |
"If you don't hold it, you don't own it"...Ponce |
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Know Common Cents
Penny Pincher Member
195 Posts |
Posted - 11/10/2009 : 20:52:47
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Before I left on a trip to Mexico in 1985, I read an article in Numismatic News or Coin World about all the problems being caused by the 1 peso coins at that time. They were identical in size to the US quarter, but made out of 100% stainless steel. I'm not the devious kind to use them in newspaper boxes, but figured out that I could find some sort of use for them.
I brought back 1000 of them. Told the bank teller that I wanted them for my children (that didn't exist at that time) to play with. Cost me just a few US bucks for them. Those were the days of pre-TSA and Homeland Security, so it was easy to bring them back in a suitcase along with bottles of Kahluha and lots of Mexican vanilla.
Anyway, they make great washers and last forever. I also use them as poker chips. On one Halloween, I gave one to each of the kids who came to my door along with a piece of candy. (No, I'm not that cheap just to give those away and nothing else.) Of course, the young kids thought I was giving them a dollar since the peso shares the same $ as we do.
I think that Mexico's monetary system has lopped off a fistful of zeroes a couple of times since then, so they're now essentially worthless as any type of money. But.......they're still a conversation piece some 24 years later. They're so durable that they'll be around for decades after I've turned to dust. Fun stuff. |
Here in Wisconsin, we have some of the highest property and gasoline taxes in the US. We're squeezed so much, I have to make my daughter wear penny boxes for shoes. At least she has an endless supply. |
Edited by - Know Common Cents on 11/10/2009 20:55:04 |
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n/a
deleted
12 Posts |
Posted - 11/21/2009 : 00:47:41
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| isn't it already worthless, i'm gonna start melting down penny's! |
Chaos and discontent is coming...but who will be the cause of it? |
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billo
Penny Collector Member
293 Posts |
Posted - 11/21/2009 : 01:10:56
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| Um, you mean you'll LEGALLY start melting down pennies AFTER the ban is lifted. |
That's not a dollar, mate...THIS is a dollar.
http://www.sendcongressapinkslip.com/ |
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Nickelless
Administrator
USA
5580 Posts |
Posted - 11/21/2009 : 02:07:18
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First of all, welcome to the board, Na_rtemis!
And re penny melting after the ban is lifted, as has been stated many times on this board (just peruse the threads here and you'll find this), melt ban notwithstanding, it doesn't make sense to melt pennies down because in their form as pennies, it's common knowledge that they're 95 percent copper. If you melt them down, whoever buys the copper from you will need to have the metal content tested to determine its composition. Just leave the pennies as-is, especially and until the melt ban is lifted, and then let whoever buys your pennies determine what they will do with them. |
Visit my new preparedness site: Preparedness.cc/SurvivalPrep.net
--Latest article: Stocking up on spices to keep food preps lively
---------------
Be prepared...and prepared to help: http://www.survivalblog.com/charity.html
Are you ready spiritually for hard times? http://www.jesusfreak.com/rapture.asp |
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n/a
deleted
12 Posts |
Posted - 11/25/2009 : 01:51:45
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Very true, and that is why whenever i see a trash can with a tv tube in it i grab it.....There be a bit of copper there.
Good luck with cash....i don't think it will be widely excepted. I'm not melting anything down yet, lol, other than Canadian penny's! |
Chaos and discontent is coming...but who will be the cause of it? |
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Prepare now before your money is worthless
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