- Seth said...
- FerFal, Wanted to address the belief in hyper-inflation that most preppers seem to have. I think it's just as likely (more in the short/intermediate time frame) that we'll have deflation. It's not like the Fed is printing money and dumping it on the street. They loan it to the big commercial banks who try to loan it to the public. If the public doesn't want to borrow more money, inflation doesn't happen! And especially not hyper-flation. On the other hand, deflation has been happening already and appears to be accelerating. As more people/businesses default on their loans, asset prices will continue to drop. Consider also price wars that various retailers have engaged in this past year. If you are prepping for hyper inflation, you may want to consider diversifying away from such an exclusive viewpoint.
Thanks Seth. Preparedness means learning new stuff, new skills and trades. At first just because its a good idea, then after wards because you dont have a choice. Learning about these terms and definitions is important, the tricks used to cook the books and make the figures look nicer.
Selling food and other products in slightly smaller containers with odd shapes forms that "look" big but actually trick the eye is used a lot here. Most people wont read the actual volume or weight.
Seth, deflation wont be a problem, worry much more about inflation. As you well notice, people have no other option but to ask for loans, this will be unstoppable as more and more people become poor and try to claw their way out of that hole.
FerFAL