It’s going to be a little bit tight on cash flow in April. Taxes have to be done unless you want to spend a bit of time in the “Grey bar Hotel”. Actually sometime it doesn’t sound so bad, three hots and a cot along with free cable/sat TV, health care and educational opportunities.
Anyway back to “casa de chaos” I’m a little tight on money because of the last of the water bill ( via the break) and the green house I hope to purchase in April. Overall I’m doing very good with my savings plan being nearly untouchable and the cash flow problems are all my own creation because of the items I hope to purchase in April. The good thing is while prices may rise for basic items if we get through April we should be safe from any economic collapse until September at the earliest. I’m not saying thing will be easy or cheap but a “massive loss of confidence in the dollar” should be a minimal risk.
I’m working on stocking up and I have well over a year’s worth of food for myself, but family or friends that might be useful and need a helping hand will deplete my pantry. I’m not telling you to share what you have prepared, I’m disabled and will need some help to survive. My survival plan is based on sustaining a community and not just myself or family. This plan is what works for me and has no bearing on what works for you! Just make an honest assessment of the people around you and prepare accordingly. I think it was Will Rogers that said “I can’t tell you what gun to buy, as you know your neighbors better than I do”. The same goes for food, water, shelter and basic sanitation. Many of the sheep are in Denial but that does not make them evil. It took a me a big personal smack upside the head to get me to wake up! Most people are not hurting yet because of the “Safety net”. That “safety net” is to keep us lower classes satisfied and complacent. Not because the PTBs care about us, they simply want us docile while the get on with the “Agenda”.
I have planned on a 30% cost of living increase. Now it might be the PTBs stoking inflation or reducing the “so called entitlements” . But one way or the other my friends your paycheck just took a 30% hit at best. Buying power is not about what you spend it’s about what you keep! Jim Rogers is a PM guy and he figures a new currency backed buy gold would be doable if gold was $9,000.00 per oz. Now this is based on some speculation that the IMF will create a new reserve currency called SDR’s or Special Drawing Rights based on gold or perhaps a basket of commodities. Let’s say the US petrol-Dollar tanks and the world wants a new reserve currency that is based on some thing tangible/physical they can hold, not based on faith and an IOU. Now let’s suppose Jim Rogers numbers on the price of gold is plausible. I’m guessing silver would move to the historic ratio of 15/1 or 15 oz. of silver would buy 1 oz. of gold rather than the 60/1 average. Now figuring a historic 15/1 gold silver ratio, About 180 oz. of silver at $600.00 per oz. would have a value around $108,000 dollars. You could buy that 180 oz. silver today for just over $4,100 dollars.
This is all hypothetical speculation on my part. All paper currencies die and all reserve currencies die eventually if not backed by something physical and of value. I would love to see silver under $10.00 per oz. That means I can buy more of a metal that has intrinsic value and can store generational wealth. You know us rednecks like shiny stuff! LOL
I don’t think PMs are a replacement for getting self-reliant. But I do think they have a place in your planning so you can keep pace with inflation or store value long term in deflation.