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Thread: 17x inflation

  1. #1

    Default 17x inflation

    I found this story a simple object lesson.
    I doubt it will happen here, but it does make you think about your food preparations a bit when it is actually happening right now, somewhere else.
    What you would do if bread was suddenly $32 a loaf?
    http://www.marketplace.org/2016/03/2...rket-venezuela
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  2. #2
    Senior Member natertot's Avatar
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    $32 a loaf? That is not 17x inflation! That is about 60x when bread is .59 a loaf!!!!!

    In all seriousness, I doubt it would happen then I would fluctuate with the market. Maybe start making my own and even selling/trading some. After severe inflation or deflation, economics tend to revert to trade short term until things smooth out. This usually occurs in 6 mos or less.
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    Senior Member kyratshooter's Avatar
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    Who is John Galt?

    Isn't socialism a wonderful thing? Share and share alike! The needs of the many are more important than the need of one and sock it to the big corporations.

    The bad thing about barter is that after an inflation spiral like this most folks have sold everything they have in the initial scramble for necessities. The jewelry is gone, the guns are sold, the horde of precious metals is traded for baby formula, then things get bad. That is historically what has happened from ancient Rome to Germany in the 1920s to the South American crashes of the past 50 years. Argentina and Brazil go through the same thing about every decade.

    Even if you are not preparing for the zombie apocalypse a one year food and medical supply is not an insane goal.

    After all, our country is run by politicians too!
    Last edited by kyratshooter; 03-24-2016 at 12:29 AM.
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    Administrator Rick's Avatar
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    Amazingly, you don't have to go outside the country to see this type of politics in action. Venezuela is what Crash would call a "one trick pony". Nearly everything in the economy is tied to oil and we all know what's happened to the price of oil lately. Little wonder they are in the straights they are in. Detroit did the same thing with automobiles and it's in amazingly similar shape. The only difference is the size of the political boundary and that, as they same, makes all the difference.

  5. #5
    Senior Member hunter63's Avatar
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    So when does it start?.......Do I need to cut more wood?........How about ammo?
    We talking next week?, Next year?.....
    Is it time the wake up Leroy?
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  6. #6
    Senior Member kyratshooter's Avatar
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    Not a scheduled event for us Hunter, their economic/social situation is completely different from ours and we have enough diversification to allow internal migration to new income opportunities.

    In our case, the aspect of too much government control and too much taxation is the dangerous factor, and the politicians have control over that aspect in total. That is the danger in electing socialist politicians who see no limits in what they can bleed from the economic producers.

    It closes off opportunity and discourages risk taking when their is not enough reward to make the effort worthwhile, or when profit confiscation is guaranteed. People do not take risk in the form of investment, labor input or even in the educational sector if there is no expectation of reward. Venezuela attacked their medical system (sound familiar) 20 years ago and people stopped going to medical school. They have been forced to trade oil for doctors with Cuba for the past 15 years. The doctors are Cuban and paid by Cuba, Ven. ships oil to Cuba for payment. Now the oil is worth 1/2 its value from a year ago.

    The closest thing the U.S. ever got to what is happening in that country was during the Carter years from '75-'80 when inflation was sitting on 10% with interest rates at 20%.

    That was the period in your history when the survivalist/prepper movement was born, amidst the hype and fear of uncontrollable inflation, financial collapse and the resulting social trauma. The paranoia has lasted until today, with the same authors and prophets reaping the financial rewards, while the same conditions have never repeated themselves.

    Even in the "Great Depression" we were not facing spiraling inflation. That event was characterized by deflation, where prices dropped rather than increased as supply also crashed.

    That is why they have not called the recent economic crisis in the U.S. a "depression" and stuck with the term "recession", we did not have the deflationary thing going on.
    Last edited by kyratshooter; 03-24-2016 at 11:23 AM.
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  7. #7
    Senior Member Solar Geek's Avatar
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    My gosh, that is one scary report. We have just recently started to use some of our stored foods to rotate them. Makes me want to immediately replace the parts we need to eat.
    But as for me and my house, we will serve the LORD. Joshua 24:15

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    Senior Member hunter63's Avatar
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    .......Soooo....No need to wake up Leroy just yet.....?....OK Cool.
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    Resident Wildman Wildthang's Avatar
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    That was the period in your history when the survivalist/prepper movement was born, amidst the hype and fear of uncontrollable inflation, financial collapse and the resulting social trauma. The paranoia has lasted until today, with the same authors and prophets reaping the financial rewards, while the same conditions have never repeated themselves.

    I always thought that preppers were created in the great depression. My mom and dads family who came through the great depression were all preppers in a way. They were frugal as anybody could get, and seemed to always stockpile and save. My dad preached to me from an early age to always have lots of food and money stashed.
    And he was very certain that someday the Russians were going to bomb us and take over the US........LOL

  10. #10
    Senior Member kyratshooter's Avatar
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    I think there is a difference in the self sustainability, both urban and rural, demanded by the Great Depression and the survivalist movement of the 1970s.

    The modern survivalist movement is more focused on purchasing the goods to survive rather than growing or making the goods needed for survival. That automatically separates most "homesteaders" from the survivalist movement.

    There was also more attention on the armed conflict possibilities in the 1970s movement, mostly due to the high crime rate of that era, and that concern continues until today. Not many people during the GD were concerned with the roving "Golden Horde", they were more focused on putting shoes on their feet and food in their bellies.

    Your parents were still living the GD lifestyle when you were a kid. Mine were too. The thought that there was a set amount of necessities and they might disappear and never return was difficult to overcome and my parents did not get past it until the 1980s. But they still slept with the doors unlocked and any firearms in the house were first and foremost, food gathering tools, not combat weapons.

    And the fear of the Russians was valid at the time. During WW2 we lost 500,000 men to enemy action. The Soviet union lost 20 million military and civilians. Both nations began the War with about 55,000,000 citizens. We were well aware of their ability to endure large casualty figures to overwhelm an enemy.
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  11. #11
    Super Moderator crashdive123's Avatar
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    Quote Originally Posted by hunter63 View Post
    So when does it start?.......Do I need to cut more wood?........How about ammo?
    We talking next week?, Next year?.....
    Is it time the wake up Leroy?
    According to BraggSurvivor, about five or six years ago. Sure glad I didn't hold my breath.
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  12. #12
    Senior Member hunter63's Avatar
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    Yeah....Still laughing about the 12-21-14 EOTWAWKI......
    Turned out to be a thunder storm in our area code......according to the nice lady from Dish......

    Leroy, go back to sleep.....
    Geezer Squad....Charter Member #1
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  13. #13
    Senior Member kyratshooter's Avatar
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    But don't you miss those days of anxious expectation, waiting for TEOTWAWKI?

    Something to look forward too, dreams of your own feudal nation with you as the warlord king.

    The entire internet groaned in disappointment at 12:01 on 01/01/2000 when the lights stayed on and all the dreams of glory were crushed. Same with the 2012 thing.

    It seems that the financial meltdown is the only option left to worry about and the same groups of people are working that aspect intensely.

    Where did Taint and the Infantry guy go, they would be right in the middle of this stuff, telling us all how it was going to be.
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  14. #14
    Alaska, The Madness! 1stimestar's Avatar
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    When I moved from southern Oklahoma here to Alaska 12 years ago, bananas down there were .39 a lb. The first time I walked into a grocery store up here and started looking at the prices tears literally came to my eyes. I had a 2 year old, a 5 year old, $700 to my name and what I could pack in my car. Bananas were $1.79 a lb. I didn't know how I was going to find a place to live and feed my babies. A plunger was $15, broom and dustpan almost $20. Needless to say, those were the days of actually cleaning the toilet by hand because I couldn't afford a toilet brush. When things are too expensive, you make do. You change your ways, get another job, get a 3rd job, and get to work. Thankfully I have really good health and know how to work. Prices are much cheaper now thankfully. I have a good regular job and now 3 side businesses that bring in money.
    Why do I live in Alaska? Because I can.

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    Senior Member hunter63's Avatar
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    I hear ya, 1star......
    Just dig in and do it........
    and try to keep the thought in mind......"Someday we are gonna laugh......"
    Geezer Squad....Charter Member #1
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  16. #16
    Alaska, The Madness! 1stimestar's Avatar
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    I do laugh because my kids thought I was playing in the toilet and THEY got in trouble for doing the same...
    Why do I live in Alaska? Because I can.

    Alaska, the Madness! Bloggity Stories of the North Country

    "Building Codes, Alaskans don't need no stinking Building Codes." Sourdough

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    Resident Wildman Wildthang's Avatar
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    Quote Originally Posted by 1stimestar View Post
    I do laugh because my kids thought I was playing in the toilet and THEY got in trouble for doing the same...
    Hey first, I'm an Okie too, just so you know!

  18. #18
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    Quote Originally Posted by 1stimestar View Post
    When I moved from southern Oklahoma here to Alaska 12 years ago, bananas down there were .39 a lb. The first time I walked into a grocery store up here and started looking at the prices tears literally came to my eyes. I had a 2 year old, a 5 year old, $700 to my name and what I could pack in my car. Bananas were $1.79 a lb. I didn't know how I was going to find a place to live and feed my babies. A plunger was $15, broom and dustpan almost $20. Needless to say, those were the days of actually cleaning the toilet by hand because I couldn't afford a toilet brush. When things are too expensive, you make do. You change your ways, get another job, get a 3rd job, and get to work. Thankfully I have really good health and know how to work. Prices are much cheaper now thankfully. I have a good regular job and now 3 side businesses that bring in money.
    Awesome story to tell your kids though!

  19. #19
    Alaska, The Madness! 1stimestar's Avatar
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    Quote Originally Posted by Wildthang View Post
    Hey first, I'm an Okie too, just so you know!
    Hey you Okie.

    Quote Originally Posted by bugoutman View Post
    Awesome story to tell your kids though!
    Yep. It's funny because they have so many awesome stories themselves now at 14 and 17.
    Why do I live in Alaska? Because I can.

    Alaska, the Madness! Bloggity Stories of the North Country

    "Building Codes, Alaskans don't need no stinking Building Codes." Sourdough

    Yes, I have wifi in my outhouse!

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