True.  Anyone have guesses as to why the dollar is being devalued?

Quote from: Azorus on December 09, 2009, 10:56:53 AM
True.  Anyone have guesses as to why the dollar is being devalued?

My reply #271, pg. 28

The Gov't wants to restart the economy like it was done in the past?  Print the money and spend?

Obama is borrowing it.  That won't help in the future when the bills are due.

When the public runs out of patience with the Gov't, no amount of money will be enough.  The money and the Administration won't be trusted.

--Lee

Money is an idea.

Money is what ever people believe has value, so use it while there is still belief in it for durable goods, tools, food, and education (as to how to use tools, grow food, and be economical with what you have).

If you are hungry and cold no amount of gold will warm or feed you unless someone wants that gold because other people want gold as well.
But if everyone is hungry and cold no amount of gold will buy food and warmth.

If you're looking for a long range investment strategy look at "seal-a-meal" vacuum packaging systems, how to use 5 gal buckets as inert gas (CO2 or N2) bulk grain containers, how to make jerky or lard meat for storage, how to can fruits and vegetables, etc. as even if there are not shortages of food you can still use your investments to feed yourself and your family.

Also think about cases of disposable lighters, chapstick, aloe plants, knives, aspirin and other kinds of medicine with long shelf lives, Anbesol (or oil of cloves) and soft wax for dental, vegetable (I prefer olive) oil, peanut butter, vitamin C, canned tuna fish, cotton balls, paper with large rag content,  etc.

Things you use every day and think of having little value suddenly become priceless when the store isn't there anymore (or you can't afford to go there). 

I was banging around this site for a while gathering data for various calculators I'm writing to help my son-in-law with his accounting studies. Among the articles (of which there are several) I happened on this one which I thought described one aspect of the current economic condition...and it's ultimate result, quite well.

Worth the read if you've followed any of the discussion on this thread.

http://inflationdata.com/inflation/Inflation_Articles/The_calm_before_the_Inflation_Storm.asp
.

Quote from: ATT on December 12, 2009, 03:57:54 PM
Worth the read if you've followed any of the discussion on this thread.
http://inflationdata.com/inflation/Inflation_Articles/The_calm_before_the_Inflation_Storm.asp
.

@ATT
You're right, it's a good article, with links to others just as good.

We're running out of time on the economic bandwagon, until people lose confidence in the banking system.

After that, it's everyone for himself.

--Lee