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I'm starting to think it would be a good idea to load up on non-perishables. With inflation plus the falling dollar, it makes sense to me. I figure if the SHTF that a person could lose everything overnight. In light of this, I paying off debt out of my retirement funds. My goal is zero debt and this includes my house (which is already paid for).
Anyway, I'd be interested in hearing any thoughts.
It is never a bad idea to have a supply of food on hand. However, a spike in hoarding food will only create a food price increase if there are runs on the markets. Having lived in hurricane ravaged areas, the price of food doubles and triples overnight even with laws prohibiting it.
It is never a bad idea to have a supply of food on hand. However, a spike in hoarding food will only create a food price increase if there are runs on the markets. Having lived in hurricane ravaged areas, the price of food doubles and triples overnight even with laws prohibiting it.
I kind of doubt people are doing this now. Maybe some survivalists are doing this, but Americans are so asleep right now I don't think it would occur to them.
I know some people in their 70's that have started stocking up canned foods and water, they feel rough times are coming. I think it's a good idea but I haven't stocked up on anything.
I definately need to do that now. Anyone who lives in Florida knows all too well how they can price gouge during hurricanes; and that's if you can even find food. I have went into Publix many times during hurricane season, only to be greeted by empty shelves! I couldn't imagine an actual food crisis. Scary.
I know some people in their 70's that have started stocking up canned foods and water, they feel rough times are coming. I think it's a good idea but I haven't stocked up on anything.
Yes, I should do water too. If people in their 70s are doing this, I guess they know something, considering they were children during the Great Depression.
Here is an article with 25 reasons why we are headed for a mega-meltdown and why this time is different...
I definately need to do that now. Anyone who lives in Florida knows all too well how they can price gouge during hurricanes; and that's if you can even find food. I have went into Publix many times during hurricane season, only to be greeted by empty shelves! I couldn't imagine an actual food crisis. Scary.
I was in South Miami when Andrew ripped through. The dark side of the free enterprise system was on full display afterwords for at least a week before the state and fed government got the helping hand thing going. Both sides of Dixie Highway had hawkers of every kind of emergency item and food, water, etc. at jacked up profit margins. As for all the fly-by-night contractors who swooped in to scam the victims, yeah they flourished for a good time too. Thank goodness the government got control of natural disaster assistance by the time Katrina rolled in.
I was in S. Fla for Andrew, and most recently for Katrina and Wilma. Wilma was a surprise. I was without electricity and WATER for 8 days. No power is okay, but no water was difficult. We were prepared compared to our neighbors. Families with young kids had nothing to cook on (we gave them our extra camp stove). One really big disaster could be the straw that breaks the camel's back. Most of America is asleep at the wheel, just coasting from paycheck to paycheck.
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