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07-07-2011, 08:14 PM
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2,396 posts, read 2,797,736 times
Reputation: 2120
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Super Inflation?
Super inflation, fact or fiction, is it a scare tactic or is it just a matter of when?
Regardless, how many are preparing for this? I am loading up on any item I normally use but I am trying to do it through bogo sales. Laugh but I now have about a two year supply of toilet paper and about a years worth of paper towels all bought on bogo sales. I now considering building a large supply of dry goods like salt, rice, beans, etc. Anyone else preparing?
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07-07-2011, 09:01 PM
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14,192 posts, read 6,921,430 times
Reputation: 5899
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Quote:
Originally Posted by donsabi
Super inflation, fact or fiction, is it a scare tactic or is it just a matter of when?
Regardless, how many are preparing for this? I am loading up on any item I normally use but I am trying to do it through bogo sales. Laugh but I now have about a two year supply of toilet paper and about a years worth of paper towels all bought on bogo sales. I now considering building a large supply of dry goods like salt, rice, beans, etc. Anyone else preparing?
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Why not just buy gold? |
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07-08-2011, 01:00 AM
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Location: Oakland CA
5,465 posts, read 6,448,226 times
Reputation: 4546
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Quote:
Originally Posted by donsabi
Super inflation, fact or fiction, is it a scare tactic or is it just a matter of when?
Regardless, how many are preparing for this? I am loading up on any item I normally use but I am trying to do it through bogo sales. Laugh but I now have about a two year supply of toilet paper and about a years worth of paper towels all bought on bogo sales. I now considering building a large supply of dry goods like salt, rice, beans, etc. Anyone else preparing?
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It's always rice. People always seem to panic buy rice. I guess it strikes me as funny, because I'm diabetic and rice shoots my blood sugar up... so I can't eat it anymore. Which was fine with me -- because I don't really like it.
Anyhow -- I am not a person that thinks in terms of black and white -- very probably the worst won't happen, and I don't have the space for that kind of hoarding. And since we hardly use paper towels -- one large bag from Costco is about two years worth. |
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07-08-2011, 07:35 AM
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2,396 posts, read 2,797,736 times
Reputation: 2120
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Buying gold is a good idea. However, with super-inflation will come massive shortages and no matter what you have to trade if the items or goods are not available it will do you little good.
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07-09-2011, 10:58 PM
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Location: Conejo Valley, CA
11,323 posts, read 6,924,629 times
Reputation: 3296
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No, I'm not preparing as there is no reason to prepare...last time I checked the USA wasn't short on farm land...
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07-09-2011, 11:12 PM
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Location: California Mountains
1,407 posts, read 669,374 times
Reputation: 2115
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Quote:
Originally Posted by donsabi
Regardless, how many are preparing for this? I am loading up on any item I normally use but I am trying to do it through bogo sales. Laugh but I now have about a two year supply of toilet paper and about a years worth of paper towels all bought on bogo sales. I now considering building a large supply of dry goods like salt, rice, beans, etc. Anyone else preparing?
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We wouldn't know where to put them even if we have a mind to stock up. A 50-lb bag of rice usually lasts us a few months and we also inhale pasta, so to stock up on just those two items, we would need a whole lot of space. Beans? Don't think my wife like them. Salt, now that's something we can go without. |
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07-10-2011, 12:26 AM
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Location: The Milky Way Galaxy
2,217 posts, read 2,523,864 times
Reputation: 1372
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Lol...large supply of dry goods like salt? Yeah I'm pretty sure that's not a necessity for me. If I were stocking up, cases of bottled water would definitely be on my list. Paper towels and toilet tissue wouldn't be priorities for me if I'm worried about survival. Also a gun I'd want depending on the type of anarchy that would soon follow "super inflation".
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07-13-2011, 11:00 AM
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11,119 posts, read 5,571,673 times
Reputation: 4012
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I'll let everyone fight over the rice. I'd rather have some air locks, bottles, a tree tap, buckets, cast iron, a hand cranked UV water purifier, pressure canner, bug nets, salt, a rifle etc.
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07-13-2011, 11:03 AM
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11,119 posts, read 5,571,673 times
Reputation: 4012
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Quote:
Originally Posted by mgt04
Lol...large supply of dry goods like salt? Yeah I'm pretty sure that's not a necessity for me. If I were stocking up, cases of bottled water would definitely be on my list. Paper towels and toilet tissue wouldn't be priorities for me if I'm worried about survival. Also a gun I'd want depending on the type of anarchy that would soon follow "super inflation".
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Hi mgt04,
If you like doing things the hard way, salt is not necessary. I like the easy way. That's why they have that old saying "salt it away". |
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07-13-2011, 11:05 AM
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Location: Ohio
8,002 posts, read 3,780,816 times
Reputation: 4499
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Quote:
Originally Posted by donsabi
Super inflation, fact or fiction, is it a scare tactic or is it just a matter of when?
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It's both. Right now it's a scare tactic.
In about 11 years it will be very real (no pun intended).
Quote:
Originally Posted by donsabi
Regardless, how many are preparing for this? I am loading up on any item I normally use but I am trying to do it through bogo sales. Laugh but I now have about a two year supply of toilet paper and about a years worth of paper towels all bought on bogo sales.
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I am laughing. Wages rise with Real Inflation (but not with Cost Inflation). |
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