If Inflation takes hold....

[VCaddy05]

what are you doing to prepare?

Just wondering what everyone is doing to prepare for what really seems to be an inevitable inflationary period. Just noticed the Feds fell short on selling bonds,and other securities, and are gonna have to start printin the green again. Anyone care to share what there plan is incase this does happen?

[ISYairio]

Maybe this (http://www.kitco.com/ind/Barisheff/images/nov182008_1.jpg)?

[VCaddy05]

oh yea, gold is definatley a good way to balance your self with the dollar. However, I know its expensive as ****, and I would probly need to sell every stock i own to have a decent return.

[Pauper66]

My plan is to learn to live on 800 calories/day.

[VCaddy05]

My plan is to learn to live on 800 calories/day.

lol ok but how you gonna buy it, take alot of money to buy you 800 cal/ day.

[mysticbeauty_nbeast]

what are you doing to prepare?

Just wondering what everyone is doing to prepare for what really seems to be an inevitable inflationary period. Just noticed the Feds fell short on selling bonds,and other securities, and are gonna have to start printin the green again. Anyone care to share what there plan is incase this does happen?

There are two primary financial groups in America right now. (I'm not inferring that this covers ALL American's) Those with money/security and revolving debt that could be paid off if assets were liquidated ....and those with just enough money to keep their head/nose above water line month to month.

Those with some assets/security will be able to plan ahead in order to maintain or close to maintaining their standard of living...by choosing to reduce either their standard of living (Which affects the economy); by selling off a vacation property/extra property (Which will affect the economy) or limit themselves in non vital expenditures (Which will hurt the economy). Closing the purse strings and buying prudently along with a higher savings rate is all this groups really can do.

Those who are at water line will be whittled down into two distinct groups. Those that will continue to tread water and those that will sink.

What can an average family do to prepare? Cutting monthly costs to bare minimum? Many in this group are already there. What more can they cut? (Deeper cuts will hurt the economy) Not buying a new car? Many American's are refusing to take on debt and or are finding it difficult to take on new debt due to the economy. (No credit to limited credit to this group again, will hurt the economy) Cutting out any and all entertainment? The entertainment business will take yet another hard hit; promoting more job losses and higher ticket prices for the same entertainment. (and you guessed it... will further hurt the economy) Many in this group may file for bankruptcy in hopes of a fresh start. (Which most certainly hurts the economy)

Exactly what can a family do with limited resources to 'plan' for a higher inflation rate? Live within your means? Many are there already (which at this point does hurt the short term markets and further down that road will hurt the economy in general) Put two and three families together in order to make ends meet? (great for the short term..but horrific in the glut of rentals and homes on the market which in turn hurts the economy) Increase your savings rate? yeah sure...how? If your at bottom dollar now in your monthly budget for just bare bones necessities..what on earth do you save? Bottle s and cans? (Which greenies will love..but does little to stimulate the economy long term.)

I know this post seems a bit doom and gloom...and beleaguers the point I am trying to make...we are past just 'planning'. Action /Reaction won't save many families who have already taken all the hits they can without loosing everything. I'm speaking directly too the middle class. This administration presently in the White House is going to test the very backs that America was built upon. The middle class. I believe it is the intention of this administration to whittle America into two groups. Those that have and those that have not. The have not's will be boosted by socialized governmental programs that will be paid by those that have. Just another little step towards socializing America. The great liberal Utopia....I don't think it's gonna work folks...I think this will blow up in the POTUS face!

In the late great words of Bette Davis "Buckle your seat belts, it's gonna be a bumpy ride!"

~Mysty

[VCaddy05]

There are two primary financial groups in America right now. (I'm not inferring that this covers ALL American's) Those with money/security and revolving debt that could be paid off if assets were liquidated ....and those with just enough money to keep their head/nose above water line month to month.

Those with some assets/security will be able to plan ahead in order to maintain or close to maintaining their standard of living...by choosing to reduce either their standard of living (Which affects the economy); by selling off a vacation property/extra property (Which will affect the economy) or limit themselves in non vital expenditures (Which will hurt the economy). Closing the purse strings and buying prudently along with a higher savings rate is all this groups really can do.

Those who are at water line will be whittled down into two distinct groups. Those that will continue to tread water and those that will sink.

What can an average family do to prepare? Cutting monthly costs to bare minimum? Many in this group are already there. What more can they cut? (Deeper cuts will hurt the economy) Not buying a new car? Many American's are refusing to take on debt and or are finding it difficult to take on new debt due to the economy. (No credit to limited credit to this group again, will hurt the economy) Cutting out any and all entertainment? The entertainment business will take yet another hard hit; promoting more job losses and higher ticket prices for the same entertainment. (and you guessed it... will further hurt the economy) Many in this group may file for bankruptcy in hopes of a fresh start. (Which most certainly hurts the economy)

Exactly what can a family do with limited resources to 'plan' for a higher inflation rate? Live within your means? Many are there already (which at this point does hurt the short term markets and further down that road will hurt the economy in general) Put two and three families together in order to make ends meet? (great for the short term..but horrific in the glut of rentals and homes on the market which in turn hurts the economy) Increase your savings rate? yeah sure...how? If your at bottom dollar now in your monthly budget for just bare bones necessities..what on earth do you save? Bottle s and cans? (Which greenies will love..but does little to stimulate the economy long term.)

I know this post seems a bit doom and gloom...and beleaguers the point I am trying to make...we are past just 'planning'. Action /Reaction won't save many families who have already taken all the hits they can without loosing everything. I'm speaking directly too the middle class. This administration presently in the White House is going to test the very backs that America was built upon. The middle class. I believe it is the intention of this administration to whittle America into two groups. Those that have and those that have not. The have not's will be boosted by socialized governmental programs that will be paid by those that have. Just another little step towards socializing America. The great liberal Utopia....I don't think it's gonna work folks...I think this will blow up in the POTUS face!

In the late great words of Bette Davis "Buckle your seat belts, it's gonna be a bumpy ride!"

~Mysty
yea but still... what good will saving what you can do for you if inflation will go through the roof. The money will go through the roof, so I guess what Im asking is if money is worth crap, stocks hit the toilet, how are people planning to keep afloat. (gold, other currency, bonds, ect...)

[mysticbeauty_nbeast]

yea but still... what good will saving what you can do for you if inflation will go through the roof. The money will go through the roof, so I guess what Im asking is if money is worth crap, stocks hit the toilet, how are people planning to keep afloat. (gold, other currency, bonds, ect...)

What would it matter what one invested in when inflation is going to pervert the natural numbers of any one product? I mean really? Think about that.

Locking in a high interest bearing savings/cd/investment is about the only prudent thing you can do with your money during a high inflationary market. ie: savings ratio of monies per family.

Gold? sure...always a nice invest with slow but steady returns. Same with most precious metals and gems. One must trust in that market first...for no open market is a guarantee of return. Hell, putting your change in a jar is as safe as any other supposed investment at this point. Which was my point..it won't matter what you invest or don't invest in...we are barely getting this baby kicked off the ground. Had I money to invest..I wouldn't invest within a market. I'd hold that money in several accounts to ensure my investment vis a vie FDIC savings insurance and or invest in land/property for the long haul investment. Both pay out and insure you won't loose your intial investment money.

Perhaps part of the issue is far to many want a high invest return...which promoted risky investments...topped out the market..and has added too our current frail economy. Just a thought.

~Mysty

[DRS]

Going to invest in GICS very soon

[MrShotShot]

Non-hybrid seeds.

[Pauper66]

lol ok but how you gonna buy it, take alot of money to buy you 800 cal/ day.


I have 1200 sq feet of gardens and 3 acres of fruit trees and free range chickens will always be here. 2000 miles of water in every direction and am currently negotiating pasture land for cows and goats.

Rainfall averages 140 inches/year and the growing season is year round.

I spend very little on food. Bread/dairy/junk food is about all I spend on. There's a lot of food trading going on here.

[VCaddy05]

I have 1200 sq feet of gardens and 3 acres of fruit trees and free range chickens will always be here. 2000 miles of water in every direction and am currently negotiating pasture land for cows and goats.

Rainfall averages 140 inches/year and the growing season is year round.

I spend very little on food. Bread/dairy/junk food is about all I spend on. There's a lot of food trading going on here.

well then if all hell breaks loose, im pickin up my guns and comin your way! lol need a bunker built??