AGCoinHunter wrote:Of course everyone who holds any PM's will be a millionare. The price of gold and silver is staying constant, its the FRN's that are dropping like a rock. Just like Zimbabwe, we all will be worth trillions of worthless dollars.
This has interesting possibilities though. First of course is being able to pay off any debts with cheap dollars. not everyone will have this option imo, wages do not track inflation 100 percent. Most people will be really hard up.
For those here. Obviously to differing degrees, most of us likely think inflation will be a major issue. and are taking steps to preserve wealth. Well theres another step to that, imo. that perhaps might be new to bring up. Preserving wealth is great, but in this new economy, preserving what you had, unless you are very wealthy will not be enough. and even professional people might be making mexican style wages. Barely able to pay a mortgage if they have one.
so at that point, I think using the preserved wealth to start a revenue stream is the way to go. Imo, food production is the best choice, because you can get ready now, whether through knowledge, and study, or buying some land if you have enough for that now, and perhaps piling up manure you collect from people. Like you would copper. saving it for later, or bags of leaves from curbs, or perhaps get a landscaping company to pump certain things there. while you perhaps grow a few different strains of an open pollinated crop, just small amounts, to see which grows best without irrigating perhaps. Or maybe get fruit trees going if you want more work. Many different angles, and avenues, but food will always be needed. If you have the land, soil amendments, and the knowledge to farm it low tech (low overhead meaning using on site means to maintain soil fertility, which can be done from many ways depending on where you live) then you might have an income when many others do not. Perhaps paying people in copper pennies to farm your land.....
Or raising fish or other animals, etc. Its real easy to use perma culture, or agro forestry to better utilize rangeland, in most areas. Many other avenues besides farms, but that is something we know will always be needed. there also are many mis conceptions out there. It doesnt have to be as hard as people think to maintain fertility of soil. When industrial ag grew up, it overshadowed much knowledge, that for some weird reason todays organic movement bypassed, making it all harder o themselves.
One thing Id suggest, is to trial grains and legumes especially, in your yards. winter and spring types. Most of us have gardeners around with good or decent selections of other crops. but even if a lot of grain is grown close to you, much of it is likely of the heavy chemical input type which might not even be possible to support. this very well might cause food rationing, or shortages.(I have seeds from a few, for SASE, and will have many more next fall) you can do it for a couple bucks, and a couple hours of work. the goal is to find low maintenance cultivars that grow well in your given area. that you can save your own seed of if need be, Id suggest learning more then that. but that is truly the key. If you understand only the basics, or learn them later from others having the right seeds, will make you 100 times better off. Loading up on good handtools if you go this route is a good idea to, now or with your PMs later when you actually do need to do it.
Posted: Mon Oct 25, 2010 9:32 pm