How to live through economic meltdown; tips to save on groceries, more

 

 

Poor Man Survival

Self Reliance tools for independent minded people…

www.poormansurvivor.net

ISSN 2161-5543

A Digest of Urban Survival Resources

 

How to live through economic meltdown; tips to save on groceries, more

Financially, it seems as if the end is near. Economic Armageddon is upon us, as the Federal government lubricates the moving parts on the printing presses and new money begins to fly out.

In his special report, Shadow Government Statistics: Analysis Behind and Beyond Government Economic Reporting, John Williams wrote,

The U.S. economy is in an intensifying inflationary recession that eventually will evolve into a hyperinflationary great depression. Hyperinflation could be experienced as early as 2010, if not before, and likely no more than a decade down the road. The U.S. government and Federal Reserve already have committed the system to this course through the easy politics of a bottomless pocketbook, the servicing of big-money special interests, and gross mismanagement.

It is now a decade down the road, and this was written before the U.S. Congress passed and President Barack Obama and subsequently Donald Trump and now Joe Biden signed their multi-trillion-dollar economic stimulus bills into effect.

The amount of money being spent is unprecedented in human history.

So what will the enormous spending program do? It will push simple inflation (a continuing rise in prices due to an increased volume of money and credit relative to available goods and services) into hyperinflation.

That's because fiat money implies by its definition that it self-destructs through depreciation (inflation). Anything that can be created to infinity with political incentive eventually becomes worthless. There are no exceptions. For paper money to work, its issue must be equal to the production of goods and services.

Does anyone think that is the case today? Dream on, if you do.

There is plenty of historical precedent for prolificacy of money creation bringing hyperinflationary chaos which then collapses into depression. The stark reality is that the public has no clue until a collapse arrives and completely destroys their assets and their lives.

A currency collapse is progressing every day with each new dollar that is printed. Now is the time to realize it, rather than later when chaos reigns and everyone is trying to survive at the same time.

We can't have wide open money printing and have a viable and strong currency at the same time. Again I would say dream on if you think so.

So, what are our predictions? Long-dated Treasurys will show huge losses when interest rates begin to rise. In time, Treasury securities will reach "junk status," and in the long term all U.S. debt will become junk. This outcome is near.

You may ask, "But Bob, why would the Federal government leave us vulnerable to such a dreadful occurrence as a spiraling crescendo of hyperinflation?"

Does greed, corruption and general cluelessness sound like a good enough reason?

Even at this time, Treasurys pay less than the rate of official inflation, never mind the unofficial inflation numbers. Millions of retired people are now experiencing a lower standard of living.

The same is true with certificates of deposit, which pay an interest rate less than the rate of inflation. In other words, if you have your money stashed in what you believe is a safe return CD, you are losing money every day.

Though most are oblivious, U.S. dollar savers are being routed. Savings accounts are paying interest rates less than the devaluation of the dollar. This U.S. dollar crash syndrome is an autoimmune disease where people (the rich and the poor) are impoverished because they were thrifty and saved.

But saving your money by putting it under the mattress is no good either. As the value of the dollar shrinks so does the value of your savings.

With depreciating currency comes rising prices. Depreciating currency brings a lower standard of living and equally a permanent loss of asset values. Look to Venezuela as a current example. And Zimbabwe before that. In December 2008, inflation was over a trillion percent and the economy had been "dollarized," signifying that local currency was virtually unacceptable as legal tender. But Zimbabwe is not the only modern example of an economy ruined by government overspending. In fact, there are many other examples:

• Turkey, 2007 — Turkey has suffered from chronic inflation for decades. In 1980, one U.S. dollar was worth 90 Turkish lira. By 2004, a U.S. dollar was worth 1.3 million Turkish lira. As a result, in 2007 the government simply declared a revaluation of the Turkish lira. One million Turkish lira would, from then on, be worth only 1 lira.
• Romania, 2005 — In 1998, the highest denomination in Romania was 100,000 lei. By 2005 the highest had become 1 million lei. The Romanian government then devalued its currency, declaring that one new leu would be worth 10,000 lei.
• Argentina, 2001 — Overspending by the Argentine government resulted in massive inflation in the 1980s and '90s. By 1992, one new peso was worth 100 billion pre-1983 pesos. (Because the old peso had been devalued so much, if Argentines had stuffed their pesos under the mattress in 1982 they would have ended up with nothing.)
• Russia, 1994 — Following the collapse of the Soviet Union, the new Russia saw annual inflation as high as 2,500 percent in 1992. By 1994 it had dropped to 850 percent because of a tightening of monetary policy and the failure to pay wages to workers in state enterprises, a policy that kept prices low by depressing demand. The value of the ruble declined from 40 rubles to the dollar in 1991 to 30,000 rubles to the dollar by 1999.

If the annual cost of living increases just 5 percent or 6 percent, the purchasing power of money will rapidly vanish. And because of negative real interest rates, consumer price inflation will accelerate, a fact not known by the public. The real spending power of households whose income depends on fixed interest instruments will be cut, reducing their standard of living.

For example, in 1933 the Consumer Price Index (the price of a basket of common goods purchased by the average consumer) was 12.8. In 2008 the CPI was 225. In other words, that same basket of goods has increased from just under $13 to $225. Currently, it's 271, and that's without goods and services that actually price inflate — because they have been taken out of the CPI. Who knows what it would actually be, comparatively speaking.

But it would be high, as anyone who has gone to the grocery store or to buy gas has figured out. Once again, inflation is starting to outpace economic predictions.

As prices rise and the lower classes find it increasingly more difficult to buy necessities, O'Bidenomics will increase taxes on the producers and savers even more, hoping to spread the wealth around. As the spending kicks in, the formerly profligate-spending conservatives will claim to have had an epiphany. They will kick and scream at the thought of running up more debt than they already have caused. But that's a farce.

We are still trying to understand America in terms of capitalism and free enterprise, when in fact America is now a socialist country with a pretty face called democracy.

All fiat systems in history have been in socialist states, no matter the national pretense, as in our term, democracy. Socialist states have a history of suppressing their own people. And all socialist fiat money states/countries transfer wealth and production to the state without payment. Of course, as in America today, this transfer takes place via the depreciation of paper money. The owner of the money printing press owns and controls all wealth and production.

Precious metals expert and financial writer Bill Holter said in June it was “game over, they’re pulling the plug.”  The Fed went on an aggressive interest rate raising policy and is still raising rates.  Now, the economy is staggering.   Holter explains, “For sure, we are already in a recession.  We are now in the third quarter of negative growth.  I think it is laughable that people  put odds on whether or not we are going to go into a recession because it is obvious–we are already in a recession.  Rates rising have absolutely frozen the real estate market.

The real economy runs on credit.  Everything you look at, everything you touch and everything you do every day has many uses of credit to get to the final product or situation.  So, once credit freezes up, it’s completely game over. 

How to prepare

You don't have to just sit by and do nothing. There are simple, easy, inexpensive steps you can take right now to protect your family.

I've prepared a 21st-century survival guide called the Ultimate Hyperinflation Defense Manual that I believe can help you prepare for the worst financial threats America now faces.

This manual is chock-full of proven strategies, techniques and information that can make all the difference during the financial emergency that is inflation, or hyperinflation. In fact, my newly-updated and revised Ultimate Hyperinflation Defense Manual can make your life better even if, God willing, we sidestep some of the economic catastrophes that I fear are coming.

That's because the steps you take now to prepare for some of these possible disasters will end up making you financially stronger... more independent... and more self-reliant than you are now.

You won't find this privately printed dossier in stores. I've developed it exclusively for my extended family of readers, and I've packed it with practical, real-world strategies for coping with a financial catastrophe.

[Last one]  Get our money survival package!

Robert Kiyosaki, the author of Rich Dad Poor Dad, tweeted the following:

"The best time to prepare for a crash is before the crash. The biggest crash in world history is coming. The good news is the best time to get rich is during a crash. Bad news is the next crash will be a long one."

Survival Series-5 Pak Bundle-Recession-Money Handbooks for Trying Times

https://www.ebay.com/itm/255300682910

 

SIDEBAR

 

How Much Land Would You Need To Be Self-Sufficient?

 

It seems like more and more people these days are drawn to the idea of self-sufficiency. They want to be able to provide for themselves without relying on anyone else. 

While this is a commendable goal, it's not always as easy as it seems. In order to be truly self-sufficient, you need a lot of land. 

So how much land would you need? Keep reading to find out!

​How Much Land Would You Need To Be Self-Sufficient?​

---

You may also like...

​17 Simple Ways To Be a Little More Self-Sufficient

 

Grocery Prices Expected to Keep Rising

Dave Ramsey on for saving on groceries during inflation

 The four tips can certainly help you save, but they are nothing new. Here are the four tips (or you can read the full article here):

·         Identify low-cost grocery stores.

·         Look for foods that are cheap and filling.

·         Only buy items you need.

·         Go big on coupons.

 

Survival Garden: How to Endure an Economic Collapse

Want to swap $30 for your $1?

 

Because that’s what a survival garden could save you over a year. Better than gold, stocks, or bitcoin.

 

Especially in times of high inflation.

 

While the real value of knowing you’ll be fed, even when stores are empty, is priceless.

 

Click Here to Discover ‘Survival Garden: How to Endure an Economic Collapse’ <<

 

 

 

12 Reasons You Should Stock Up On Honey

12 Reasons You Should Stock Up On Honey

 

What is a go bag?...

 

A go bag is a pack you make in advance. Ready for an evacuation. When the S-H-T-F...

 

That will keep you alive for several days...

 

If you pack the right stuff…

 

Bug Out Kits-Choose Your Level

• 72-hour 4Patriot emergency food pack [25 year shelf life
• 4Patriot Greens sample pack [Power supplement]
• 3 Luna Nutrition bars [assorted]+Sunmaid raisin pouch
• Cleaning Wipe Pack
• Steel River Emergency Tent
• Mini  First Aid kit
• TRS 5N1 EDC folding tool
• 3-package meal sampler
• Paracord bracelet w/ compass
• Reusable Face Mask
• Personal Water Filter Straw
• 11-Piece Emergency Survival Kit 

We offer several sized kits at:

PERSONAL SURVIVAL PACK-Tried N True ‘Save-Your-Butt’ Essentials

https://www.ebay.com/itm/185325277360

https://www.ebay.com/itm/255419941572

 

URBAN SURVIVAL HANDBOOK

https://cdn.4patriots.com/downloads/pdf/reports/4Patriots-Ultimate-Survival-Handbook.pdf

 

 

Free enterprise, limited government, individual freedom!

 

Contributors and subscribers enable the Poor Man Survivor to post 150+ free essays annually. It is for this reason they are Heroes and Heroines of New Media. Without your financial support, the free content would disappear for the simple reason that I cannot keep body and soul together on my meager book sales & ecommerce alone.

You Can’t Buy Life Insurance After You’re Dead

Not Prepared? 

That's Bad News...

 

 

You Can’t Buy Life Insurance After You’re Dead-Prepare NOW for Emergencies…

 

Support our efforts by shopping my storefront…

http://RetroGuy.net

 

 

 

 

A Smoking Frog Feature, Shallow Planet Production