Poll: Are you preparing for hyperinflationary scenario?

[monkeybutler]

This current freak is way worse that Carter. Carter was not a traitor to his country he was a simply another weak liberal.

Carter would be rhetorically skinned alive as a traitor in today's spaz-mo political environment. But your assessment of him in his day is accurate.

 

[The Heretic]

That's is my conundrum also. Real estate is a good investment however we are also in a housing bubble that may burst by the end of year. So the future is anyone's guess.

I am planning to sell this summer, and then put the $ into bonds/etc. while I do some traveling. Then when I come back maybe the bubble will have burst and I can find a deal on some land.

The problem is where am I going to store my stuff while I am gone? I need about a 2K SF shop to store it in.

 

[titsonritz]

We haven't yet had to send our kids to sit in the gas line on odd or even days to get 10/gal gas while we are at work. Kinda hoping to see Brandon attacked by a rabbit also…if possible.

I was talking to someone about that yesterday and IMO, if this guy isn't put in check, it will get way worse than that.

 

[308]

I was talking to someone about that yesterday and IMO, if this guy isn't put in check, it will get way worse than that.

Gas hit $5/gal here and diesel is $5.60/gal
Starbucks is what, $5.50 for a 16/oz latte tho…lol

 

[titsonritz]

Carter would be rhetorically skinned alive as a traitor in today's spaz-mo political environment. But your assessment of him in his day is accurate.

I believe Carter to be a decent human being that loved his country and did what he thought was best for the country regardless of how misguided he was, but he didn't (as far as we know) accept money or influence from this countries greatest enemies with a pay to play scheme.

 

[Heyjoe]

I think we're already experiencing hyperinflation..

 

[41mag]

wheelbarrow

You're taking bit coins too then?

 

[Jay Walk]

Speculating on Ammo prices.
How did that work out for everybody?

 

[Alexx1401]

I was a young working guy when Carter made a huge mess. Man it did shape my thinking for a LONG time. This mess? Is on track to make carter look like only the second worst. We are well set to ride it out. I have to say I am enjoying watching people who voted for this get what they asked for a lot more than I should.

 

[RobMa]

I'm not super stoked to be within the nuclear blast radius of our country's most important people…but again, what can you do?

Most important people? yea right... WE are the most important people not the draconian gvt's that runs this place...

That is what people in this country have lost sight of...

 

[The Heretic]

Speculating on Ammo prices.
How did that work out for everybody?

It worked well - I bought low, sold a little bit high, and saved $ by not having to buy ammo when it was expensive.

 

[joken]

So, the inflation rate presently is bad. Damn bad. Albeit not as bad as other times in US history, but this ain't over yet. And, historically, and in other societies, out of control inflation has been the harbinger of, at times, dramatically chaotic events.

Which brings us to the question: are you actively preparing for an hyperinflationary scenario? If so, why and how? If not, why not? Thanks for sharing!

So, the inflation rate presently is bad. Damn bad. Albeit not as bad as other times in US history, but this ain't over yet. And, historically, and in other societies, out of control inflation has been the harbinger of, at times, dramatically chaotic events.

Which brings us to the question: are you actively preparing for an hyperinflationary scenario? If so, why and how? If not, why not? Thanks for sharing

 

[Dozer99]

Ammo seems to have been my best hedge against inflation! Not one other thing with the exception of my house has gained as much in value as ammo.

 

[Longwalkhome]

Ammo seems to have been my best hedge against inflation! Not one other thing with the exception of my house has gained as much in value as ammo.

I don't know, higher value means higher taxes. Folks don't gain until they sell their house, after years of rising property tax and then capital gains taxes. While that money is losing 14% as we speak.

 

[clownbuster]

Spend your money today, it's worth less tomorrow.
Study your history: from a tax and inflation talking point, we're not even close to "Carter" bad.

 

[Longwalkhome]

The government number should be brought before their ministry of truth for the lies government tells

When I was a child, you could buy a hamburger, milkshake and French fries in a meal for 49 cents. Johnny's 49ers just south of Corvallis. Good real food and real milkshakes.

Today a hamburger with wood pulp in it with fries is $8 with no drink.

 

[clownbuster]

Ammo seems to have been my best hedge against inflation! Not one other thing with the exception of my house has gained as much in value as ammo.

You don't have a car or truck? A sheet of plywood, or any other building material stacked up?
I have a 2017 3500 Denali and a 2012 Toyota Tundra that are worth 250% more than what I paid for them, and a shop full of plywood I bought at $7 a sheet, now going for $70 a sheet.

 

[clownbuster]

The government number should be brought before their ministry of truth for the lies government tells

When I was a child, you could buy a hamburger, milkshake and French fries in a meal for 49 cents. Johnny's 49ers just south of Corvallis. Good real food and real milkshakes.

Today a hamburger with wood pulp in it with fries is $8 with no drink.

How much was the federal income rate at the time?

 

[Longwalkhome]

How much was the federal income rate at the time?

Federal Income Tax Brackets for Tax Year 1961 (Filed April 1962)

www.tax-brackets.org

 

[clownbuster]

Ouch