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John Williams Talks To BNN About The "Great Hyperinflationary Collapse"
Any interview that starts off with John Williams saying "Eventually it is going to be a hyperinflationary great depression" is sure to be controversial. While not necessarily news to those who subscribe to the Shadowstats.com editor's newsletter, sometime we wish that Blackhawk Ben was among them, because despite his 100% confidence that rates will never do the kind of move that they exhibited in the past two days, they, well, did. To quote Williamss, who actually keeps track of the US economy as if it were a GAAP audited corporation: "The annual deficit is running $4-5 trillion a year, that includes the Y/Y change in the NPV of unfunded liabilities... There is no political will to deal with this." The catalyst is well-known: "When you see panic selling of the US dollar, that's when you have to be really careful. But what's already been done with the dollar has spiked oil prices, and other commodity prices." On the question of why Bernanke would not be able to pull off what Volcker did in the early 1980s, Williams' explanation for why this time it is different, mostly focuses on the size of the US trade and budget deficits, which are not even remotely comparable on both an absolute and relative basis. Most specifically what consumers should do in the post-apocalypse world, Williams is not too optimistic. Ironically, he notes that Zimbabwe in its hyperinflation may have been lucky in that it had the dollar to fall back on in the black market, and now every market. However the US does not have that facility, and this "will get very difficult when food starts disappearing from shelves." Having goods for storage and barter would be critical. However, there may be a snag...
It appears that Mountain House, which is one of the better purveyors of freeze dried food and holds over 30 servings and last for 20 years because they are packed with nitrogen rather than oxygen, is now sold out of all #10 cans -link.
And for those who go to NitroPak, which sells these products, they have the following message:
***CURRENT INVENTORY UPDATE*** There is currently EXTREMELY high demand for all of our Mountain House foods nationwide due to current economic uncertainty and inflation fears. With this increase in demand, our food order processing times have increased also. As Mountain House’s leading distributor, we are receiving huge shipments weekly to fill our customer orders. We are shipping as quickly as we can. Your charge card will not be charged-up until we are ready to process your order. Thank you for your understanding and patience! Harry R Weyandt President
It appears that the battle lines have already been drawn, and the cheap optionality is gradually being eliminated. At this point the best the world can do is hope that Williams is wrong.
Full BNN interview with John Williams (after the jump):
h/t Robert
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The guns will store better if you take them out of the freezer.
Sturm-Ruger suggests a dry environment with low moisture.
Yea that sentence doesn't read well - guns are not in the freezer.
No hard, cold steel?
+5
LOL!
a freezer full of veggies...
THAT'S LIKE MY WORST NIGHTMARE!!
Geez I can't believe someone bothered to junk you. Twice even.
Alright an expert.. I had to throw out 250 lbs of potatoes as they would not store in my 60 degree basement, left the dirt on em threw in cardboard boxes in the dark, they went bad quick? Any tips?
Yeah. Buy rice. Lasts for eternity if wrapped in a garbage bag. It's also dirt cheap. Everybody ought to have 100 lbs somewhere even if not a doomer.
I prefer co2 purged food grade buckets for grains but yeah rice is good. Easy to store and use, keep your butt alive when its on like donkey kong but these were fresh home grown taters..
Don't forget the Pinto beans.
With Rice, that combo can keep you alive and semi healthy a LONG time.
Citrus(vitamins) for prevention of Scurvy, and rickets.Keeps your teeth in also.
Oil of Cloves, also, no crappin in the toilet, save the water in the H2o heater, and toilet tanks.80-100 gallons plus w/out a drop one elsewhere.
Pine needles. Available all year round.
http://pineneedletea.com/
dark and cool , like a basement is good. One rotten potetoe will rot the next. You want to put them away dry. Too much moisture and they rot.hay and yes pine needles.
60 degrees is too warm.
Yeah, and air circulation...
A hundred pounds of rice. Just so you know, that much rice can feed a family of four for a month and a half, provided the family is a typical rural Southeast Asian family. In such a family, Dad is a strapping 120 pounds, Mom is about 90 lbs., and the kids are about half the size of typical American kids.
Your mileage may vary.
details, details ...
If you've grown them, don't wash them before you store them, put them in a burlap bag, store in a cool dark place. You're 60 degrees might have been too high, and with dirt on them they might sprout. They are two to four month keepers.
If you've grown them simply leave them in the ground until you need them.
It's 5 below zero outside and my lifeline potatoes might as well be buried in iron.
Time to learn how to pressure can, my friend. If you can change your oil or change your lawnmower blade, you can probably manage it without any drama.
Canned potatoes are quite tasty.
You don't need to can your vegis if you can store them in a dormant state over the winter.
Next summer build a root cellar. Find out your local frost depth and make sure you have dug a storage space BELOW that level -- natural refrigeration that keeps vegis in their natural dormant state. "Root Cellaring" by Mike and Nancy Bubel is a good start.
In MN you will be harvesting with dynamite... ha.. Damn, potatoes going bad have a unique smell..
Thanks for the tip.. I did not wash them. eg: left the loose clinging dirt on them, no sprout they rotted, smelly... Back to the drawing board on taters, squash keeps very well and easy to grow lots of.
Leave potatoes in the ground.
http://www.gov.mb.ca/agriculture/crops/potatoes/bda04s06.html#Storage_Structures_and_Ventilation
Thank you !!
Okay fellas, most of us who live east of the Mississippi are literally surrounded by food. Excellent resource linked.
http://www.eattheweeds.com/www.EatTheWeeds.Com/EatTheWeeds.com/EatTheWeeds.com.html
http://www.youtube.com/user/EatTheWeeds
LOL, I actually design potato storage buildings and systems...
Homemade potato flakes:
http://corditecountryshownotes.wordpress.com/2009/10/17/potato-flakes/
How to can potatoes:
http://corditecountryshownotes.wordpress.com/2009/10/19/canning-potatoes/
Canned potatoes are excellent, we did put up about 50 quarts of Taters. Great in tinfoil over a fire or on the grill. Nice to use the tinfoil for a hat later when the black heli's start reading my mind. ha
Thanks to all for your helpful suggestions, back to finance!
peruvians do some kind of foot-mashed thing with their potatoes and then dry out the mash...maybe something online about it, its probably a bit like freeze drying
Did you grow them or were they store bought? Store bought have been warmed and exposed to light so they won't "re-store" in a root cellar environment very well. Also, different varieties have different optimal storage terms.
Check out one of the heirloom seed companies' catalogs that also carry potato starts ["Irish Eyes" comes to mind] for a rundown. Also a good root cellar book might be good for troubleshooting - try "Root Cellaring" by the Bubels.
[edit] I guess if you have dirt - you grew them! [duh].
Leaving dirt on is good. You also don't want too many stacked on top of each other - airflow is good. Check your humidity and temp swings also.
Vaguely recall you should not store potatoes with onions or garlic. Also, do not hose them off, leave skins intact as water pressure can strip some skin. We always left ours in a dark area, in bushel baskets, covered with an old blanket. Never had a problem.
I'M IN UR FRIDGE, KILLING UR F00DZ
Well played, sir. Wish you could upvote on ZH.
.
Whassat dot for? Like standing in a crowd listening to a speaker and poking your head up over the last row when the photo is taken? Got nothing to say? "I was here!" I guess that's good enough. Kinda like a vote for none of the above?
Rocky, ha good picture head poking over the last seat. No, double post and system would not allow me to totally remove perhaps ignorance on my part but a dot was better than the double post.
I was needing a good laugh. Thx Rocky!
That's me -- class clown since 1963.
I'd kind of like it to mean "same/agree." Kind of like an old unix-based editor command which meant repeat the last command...
Do it yourself- Buy 5 gallon orange buckets from Home Despot, :P, fill them with whatever grain you like or whatever else you want to store...then put in an 'oxygen absorber' which can be found on the internet, theyre cheap. Put a thin bead of silicone around the top edge and snap on the lid. After a few hours you can see all the oxygen will be absorbed and creates a vacuum on the sides. Should last for years easily.
Great idea. Just filled 5 orange buckets with Twinkies!
tinsu...twinkies do just fine in the open air for years without degrading...
I know. But, Armageddon coming you can't be too careful. Who needs spuds when you got Twinks.
fuck twinkes I have BIG MACS and qtrPounders stored
going on 5 years now and a dash of ketchup and a
little sunshine and they are good to go.
cheese bitchezzzzzzzzzz
I've once seen a docu on discovery about a Twinkie factory where all the stuffing in the pipes where still good AFTER 20 YEARS!!!
I'm also covered!
I have a pawn full of Koi fish.
I have fat neighbours, so with my machete I'll have enough meat to last me a few months.
AND! I HAVE A BOOK HOW TO BREW YOU OWN BEER!!!
NONE OF YOU SUCKERS THOUGHT ABOUT THAT ONE DIDN'T YOU!!!!
Better stock up on booze, Captain's, JD and Tangueray. High end booze will be the most liquid asset you could dream of. Bottoms up!
Rot Gut will trade just fine when TSHTF....
Yup, I've got a cabinet full of cheap little bottles for just that purpose.
Well, less for trade and more for bribes and favor currying, but hey, it's all part of the cost of doing business, right?
You can make a distillery from a car radiator ('cept for the little lead problem) and it's good for trading with people you'll never see again -- or never want to see again.
RR,
Radiators in 98% of most vehicles never saw brass, or lead/tin made in the last 10-15yrs.Plastic, and aluminum bitchez!.
Might still work, dunno...........
I was thinkin' more like one out of a '70 Chevelle.
Agreed, cheap small bottles of booze. Buy the bottle back with a deposit system refill from my still a little tannin coloring added, tada looks like Canadian mist. Problem is those buying it will probably be equivalent to those who seek other drugs now. That is something to ponder, the Mexican cartels post shtf and their business model.
My first get ready purchase.... a pot still. =)
Priorities people.
While you fookers are running around trying to buy shit with your gold coins I will be wheeling and dealing with pints of cheap bourbon.
Mead bitchez
Half gallon of spring water, 3 pounds of honey, 25 raisins, some yeast (preferably champagne but most anything will get the job done), some strawberries, raspberries or blueberries. Mix in a one gallon container, cap with a balloon with a hole and let it sit for 3 weeks or until balloon goes slack. Rack (strain out all the crap). Bottle and drink in 6 months - 10 years.
About $9 a gallon or free if you have bees.
http://www.stormthecastle.com/mead/fast-cheap-mead-making.htm
My old man has some bees so I have made several batches with very good results. It is not like the stuff in the wine aisle. If I can wait I age for about 18 months or more. Champagne yeast does give very good results, my latest batch clocks in at 17% alc and is very smooth.
Also I have seen good results fermenting gallon jugs of cider with out preservatives purchased at whole foods or elsewhere. Fermented right in the jug.
http://thepauperedchef.com/2009/10/how-to-make-hard-apple-cider.html
Hey, I love making mead. That is what I did before I started work as a researcher.
The government regulations on anyone wanting to make alcohol were so severe I ran out of capital before I could even get started, as I tried to file for all of the damn permits. Kind of glad I didn't, as the price of honey has gone up so much. The profit margin would be eating me alive right now.
I was damn good at it, though. I came up with a new type of mead using melons that was exquisite. I should make another batch next year.
are twinkies food?
Yes, Vitamin T.
It's a basic necessity
Not such a good idea - recommend food grade plastic buckets. You can find used ones for a reasonable price on ebay.
Uh, the ones you get at Home Despot ARE 'food grade', says so right on the bottom. Lookin at one right now.
http://www.survivalblog.com/2010/12/letter_re_confusion_on_food_gr.html
Well if the distinction is over a 'release coumpound' then wash them well. Its plastic, store stuff in it, or not if youre worried about it.
Even if it's an Orange "Home Depot" #2, it's nothing a mylar bag doesn't solve (w/Oxygen Absorbers of course).
I had to chuckle at the "storing ammunition" in the 5 gallon bucket advise. Then I said to myself that it's a great idea. Including placing some weapons in there was well. Who exactly will look for a weapon inside a container labeled food or paint etc.
Especially if they actually are full of paint. FoodSaver sealing systems have many uses...
Some kid might find the gun. Kids rummage through things. I recommend a safe for firearms.
My firearms are locked up.
I was thinking about later, if TSHTF and everything changes. After all, isn't that the primary topic of this thread, the what if?
Oh well, so what if another stupid kid is lost?
whoa, tough crowd today
I care, they all have potential, every one of them.. If you can pick the next Einstein or the person who perfects fusion out of a crowd of children, please begin..
kids have testable aptitudes. stupid kids aren't hard to identify.
Trav,
Einstein failed through primary school.. I guess we would have killed him huh..
if I was his uncle, I might have killed him, for fucking my underage daughter
Well, thats a little different, how about the elctric chair Delacroix?
No, actually, he didn't.
Einstein's education...
When your right, your right.. He only failed his entrance exam to ETH, which is still surprising..
In 1895 Einstein failed an examination that would have allowed him to study for a diploma as an electrical engineer at the Eidgenössische Technische Hochschule (ETH) in Zurich. Einstein renounced German citizenship in 1896 and was to be stateless for a number of years. He did not even apply for Swiss citizenship until 1899, citizenship being granted in 1901. Following the failing of the entrance exam to the ETH, Einstein attended secondary school at Aarau planning to use this route to enter the ETH in Zurich.
"stupid kids aren't hard to identify"
True. They're usually shooting someone a bird.
If you can't drive, stay home or get someone who can, Ms. Daisy! <honk>
Exactly the people you do not want to.
They learned well from WWII, and the Druggies.
Anyone looking for food or paint?
contact food manufacturers in your area. they throw away thousands of food grade buckets that ingredients come in daily/weekly. You can get them for free.
how much are food grade buckets selling for? maybe i'll start a bucket supply house as i can get 10's of thousands.
Burger Kings go through a lot of pickles. The pickles come in big green food-grade buckets w/ lids. They'd probably round some up for you if you don't see any sitting around the dumpster out back.
Looking around on the Internet you can find buckets with actual screw top lids and rubber seals. Everything stays fresh for years. We have about 20 in our garage. You can store flour in them even, no bugs.
Nobody needs freeze-dried or MREs. Beans will keep for 10 years. Rice nearly that long. Wheat berries keep for ages and you can then grind your own flour by hand. You got pasta and bread (get your yeast from the atmosphere) and you can make pies.
You'll want to lay up some salt though. You can do without sugar entirely; most people already get way too much of it.
Forget about gas and fuel. Wood for cooking and plant oils and bee's wax for light. Get to know where your local olive trees are.
It's easy. Problem comes when 300 million people are going after the same wild beehive, fig tree, and olive trees scattered around in a parking lot that you are.
Yep, and the biggest problem is bugs in your grains, thats why I throw in an oxygen absorber so nothing can survive.
LOL
Sounds like a STD problem. :>)
Another problem is accidentally replacing the letter 'b' with 'g' from time to time.
The dog's right though. All flour contains weevil eggs. Left long enough they will propagate no matter how perfect the seal, unless prevented somehow.
Pretty much any powdered foodstuffs(flour,corn meal, etc) do,but, they do not eat much, and are great free addition for protein, make sure whatever you have is rodent proof.
Pasta dried, Mac n Cheese,will last forever,no need to do anything except vermin proof it.
Might wanna lay in some Trojans also,speaking of STD's,if it comes to that trading sex for food will be like taking a leak.
Make sure you can.Antibiotics, will be impossible to get.
A trip to Mexico, or Canada, will take care of that.
2-3 pair extra specs also, if you wear them.Sunglasses,eye care, etc.( Contacts, chunk em',you get an infection, your foooked.)
Your local tractor supply or equivalent sells liquid tetracycline and other very effective antibiotics along with syringes and smaller size needles. These are very effective for small and large animals. These are produced under conditions very simlar to human versions. Of course, I am not recommending nor advocating human use as that would be illegal. But you may wish to do individual research on this subject.
Try fish antibiotics. Exactly the same as human, but sold over the counter for fish diseases.
http://www.amazon.com/Fish-Mox-Forte-Amoxicillin-Capsules/dp/B000FUOD3U/ref=sr_1_2?ie=UTF8&qid=1291949557&sr=8-2
* the above statement does not imply that I am a doctor or play one on TV. Take advice at your own risk. Your mileage may vary. Past performance is no guarantee of future results.
refrigerate flour 3 to 4 days . freezing should kill the little buggers.
Thanks for being a considerate stockpiler and neatly stacking everything in your garage. I'm sure the well-armed, "We don't stockpile" scavengers will leave a note of appreciation after getting their victuals.
In which case they can have it all and with my blessing.
I will sleep by day. The night is for hunting.
This is such a cute notion that I occasionally run across.. Yep, me and my neighbors have done a little more than the average guy over a period of years and as soon as the schumer hits the fan I will pile everything in the driveway and hide so you can have it, bring lots of quikclot bandages. You should start needing them at about 600 yards.
run some lights from your generator in case i dont hear you. Thanks.
Love too, see you then.. Do you have a favorite spot? Under the strawberries or do you prefer to fertilize tomatoes?
How could you possibly know anyone's intentions at 600 yards (unless of course they're demonstrating malicious behavior...such as firing at you)?
I think what you're proposing sounds a lot more like murder vs. defense.
Try to think.. I am responding to a threat that would only materialize in a true SHTF scenario. If there are refugees coming through that is one thing, men carrying rifles slung or not will be asked via signs to leave those hanging in a tree prior to crossing a set line. If they refuse, do you think that is a sign of intent. Send a letter to Rob Furlong tell him he is a 2,430 yd murderer.
A military sniper engaged in combat against a known enemy is a slightly different scenario.
However, your additional details of signage and firearms on the tresspassers clears things up a bit. I also don't know your land situation...if you're out on a large rural property and 600 yards is within your fences, then you have to do what you have to do. However, if 600 yards out includes public passage ways, then I would encourage you to show some restraint unless you're at least 80% certain you're facing a threat. Even in a true SHTF scenario some display of civil behavior is warranted, and I think not putting holes in someone just because they violate a 600 yard radius qualifies as such.
Your right, you did not know any of those details, while I wrote with inherent knowledge responding to a clear written threat of looting. You felt the need to comment prior to questioning. Most people are reasonable people who will not simply execute persons on public byways SHTF or not.
I and my neighbors are very reasonable, experienced persons with land who will not be looted, that is all.
did not know that SD-Uno... thanks will do... been looking for a good way to store my beer brewing supplies...
some bucket lids, have an O ring. don't need silicone
Go to your local paint store!
They sell 1 gallon plain paint cans and 5 gallon white plastic paint cans.
Good for storage of ordinary non-food items at a better price.
I have ammo in 1 gallon steel cans which seal and have a bail for carrying.
The little paint can opener will open bottles and fit on a key ring.
Shop your paint store first.
Or here:
http://www.tcpglobal.com/autobodydepot/botscans.aspx?gclid=CLTI05yl4KUCF...
http://www.freundcontainer.com/product.asp?pn=7851&bhcd2=1291936274
Aye! I don't trust the compostion of those bins. For only a few cents more, I recommend sealing the grain and O2 absorbers in mylar bags first before throwing them into buckets - then you don't need to spend bank on food grade bins and f'k around with sealant, o-ringed lids, etc.
Um... are those food-grade buckets?
Many grains store without most of this exotic stuff. Fundamentals are: 1) reduce light; 2) reduce moisture; 3) reduce temperature. If you're efftive in 2 out of 3 of these you're likely going to be OK: BUT, that doesn't mean that you can completely let the third one to be out of control!
I cycle through wheat and oats that are several years old, having only been stored in food-grade buckets (which are not exposed to light or high temps). My only prep is to freeze the grains for a few days first (to ensure that any bugs are killed).
big ol John already stored up a few winter's worth of hibernation
Deflation is unavodaible
Look Reversal patterns in Emerging Markets (mexico,Turkey,India....China)
Since the progressive abolishment of monetary standards, absolutely no sovereign crisis in the world ended in another way than hyperinflation.
Betting on deflation means holding the national currency, and thus betting that the gov will do anything in its power to preserve the currency (no artificial devaluation, no money printing, no new currency, etc.). Sounds like a very risky bet.
Or, even better, the currency blows up on a hyperinflationary run. Then, on the other side we experience hyperdeflation... but, the deflation at that point is more a physical reality than a monetary experience. Everything is revalued in a hurry outside of a fluid medium of exchange or within some other medium of exchange yet to be sprung on us. FRNs would be worthless... in fact, they would make really bad toilet paper.
I do actually believe holding some cash at hand, say £1k, just in case.
But I absolutely agree - those who think this will end in deflation completely ignore that every problem so far has been solved by printing. Ben will absolutely employ the helicopter if he has to, taking this to its logical extreme at the very sight of significant deflation.
I am doing the same. Holding some cash on hand, just in case. Won't claim one way or another how this mess is going to unfold at all, and how it will specifically affect my family. Just too many variables here. Likewise, it's all timing too. Best to be prepared.
"those who think this will end in deflation completely ignore that every problem so far has been solved by printing."
First, one has to define what one means by "end." Second, one has to define what is meant by "solved."
Everything is but transitory.
What happens to our "currency" is really only secondary to the physical realities, physical realities that clearly tell us that we're starting upon a contractionary path from overshoot.
I'll prognosticate such:
1) From this point on people will work MORE, physically; (yes, I know, people are currently working less, but this actually makes my point that there will nessarily be a turning point)
2) From this point on people will have less.
#1 means deflation in liesure time. It also means inflation of work.
#2 means deflation in (nearly) everything. It also means that things will cost more (require more work to acquire), which is inflation.
NOTE: I understand that on purely economic levels inflation and deflation have to do with the amount of currency in circulation; all well, but physical realities are what really rule the world.
Love it .. support deflation and you are negged...
Support idiotic hyperinflation thesis and you are lauded ..better still buy gold guns ammo and food and you are g*d!!
"Such is the human race, often it seems a pity that Noah... didn't miss the boat."
- Mark TwainSo do you have a particular set of actions you are supporting? Or is this just a your all dumb and I am smart sort of thing.. By the way, Sam lost a significant fortune on a typesetting design that did not pan out, perhaps not the writer to quote to investors. Just sayin'
Simple comment .. .proof can be seen in the posts and negs.
God forbid anyone that is not a gold, gun, food storing nutter!
Proof?
Care to apply measurable metrics?
I agree that there are plenty of anecdotals, but anecdotals are NOT proof.
To assert that someone believing in a certain way is nuts overlooks the fact that each individual has her/his own reasons, and that, rightly or wrongly, such reasons are their domain, and are highly contextual, so much so that it's not likely that any sort of understanding could possibly occur when one does not engage in discussion.
What I'd state is that any idea NOT be foisted upon others, shoved down throats. I'm not seeing that any of that is happening here by any of what you might call "nutters."
Right now, gasoline prices here in L.A. are about $3.00/gal., about where they have been for the last 2 1/2 years.
There won't be any "hyperinflation" until gasoline goes to $3.50/gal and beyond.
Until that happens, I'm not really worried.....
Luckily, I bought quite a bit of UGA near $33, since I drive a huge gas guzzling truck.
Just in case.....
OH ok, no hyperinflation at $3 gas, everything fine... hyperinflation= $3.50 gas though...I see!! Whats your gas guzzling truck used for anyway Robo...cruising the LA gay cowboy bars? At what price would you say assless chaps must reach to indicate hyperinflation?
exactly, Sheep........ "OK, everybody listen up! We have precise definition of hyper...it's gas @ $3.51. Got it?
Then there must have been hyperflation at the Shell I passed yesterday, but I didn't see anyone selling children for food.
http://www.youtube.com/watch?v=QKjSTugOAAA
(This reply is for RobotTrader)
Where did you get your gas prices?
Southland Gasoline Prices Rise To Highest Since Fall 2008(CNS) Posted Wednesday December 8, 2010 – 9:30am
The average price of a gallon of self-serve regular gasoline in Los Angeles County rose today to its highest amount since Oct. 23, 2008, increasing 1.4 cents to $3.221.The average price is 8.7 cents more than a week ago, 10.5 cents more than a month ago and 29 cents more than this time last year, according to figures from the AAA and Oil Price Information Service.
It is also 3.25 in my area of Washington state.
http://67.59.172.92/article/Local_News/Local_News/Southland_Gasoline_Prices_Rise_To_Highest_Since_Fall_2008/73155
The gasoline in LA is totally disconnected from the gasoline traded on Comex, I suppose?
My charts tell a different story than yours.
Here in Belgium, gas is at 1.562 euro/liter.
I drive a Land Rover with a tank that takes 85 liters and that gets me 600 km, about 400 miles.
you do the math...
I cry everytime I'm filling it up...
...and that is why I traded in my Porsche for a Ford Focus a year ago. Dirt cheap to run, insure, service, refuel, and a decent little runner.
we will all be driving them soon...then we won't be at all
Funny. Last time I was in Europe it was a constant stream of profanity coming out of my mouth while watching the dial on the pump spin-and-spin. It was a painful experience.
If you think that's bad, you should see our taxes!
EK,
Most peoples 90% employer paid health ins just popped 15%.
And,if we were not in a Depression, Obammy's & the Marxist/Fascist taxes would be where yours are, plus a VAT to boot.
Twins.
Gas in British Columbia is currently 1.10/litre. Our dollar is now basically even to the US so that works out to be $5 per imperial gallon and $4 for a US gallon
In my neck of the woods the only thing going down is real estate. Gas, food, electricity, beer, and wives are not.
LOL. Sorry about the wives not going down, if for no other reason than we can all use a few minutes of quiet.
Owen, looks like we will be running supplies down to these good folk down in the US, in a few years!
The IPO is in 9 months.
I just sold my Subaru Impreza (30 MPG) and bought a Mercedes ML55 so I can tow a trailer, dropped to 17 MPG at $3.15 per gallon or about 1/3 what you are paying. It's painful enoughfor me so I can only imagine how you feel. Are you seeing any inflation in anything else?
Here in Mexico, the government-set gas price is 8.675 pesos per liter (about $2.64/gallon).
It's interesting to see people drive across the border and fill-up 100 gallon fuel tanks welded to their pickup trucks.
Sydney, Australia prices are currently $1.26 litre which equates to about USD 4.70/Gallon... lucky I walk to work.
Gas is selling for a lot more in San Fran. It's $3.55 gal.
http://www.mcclatchydc.com/2010/12/08/104979/remember-4-gasoline-oil-speculators.html
Wow, hey I wonder why the standard news media shots of gas station price signs arent happening at all now? Hmm orders from Obama to his lapdog media Im sure. Anyway I live outside of Denver and gas os over $3, diesel is $3.40.
Where outside of Denver? I still can get it for $2.50 or so in Englewood.
Gas prices in the city of Chicago are already $3.50/g. I drove by a couple this morning and price was $3.49/g -regular and one premium was $3.83. This is usually the low season and if this shit keeps up by April the price will be $4.25+ GARAUNTEED.
Bullshit.
http://www.losangelesgasprices.com/Retail_Price_Chart.aspx
Still at $3.05/gal in my neighborhood. I don't see anybody selling gas for $3.35 around here.
After this week's commodity decline, prices will most assuredly be back under $3.00 next week.
http://www.losangelesgasprices.com/
"Most assuredly---" You're pretty funny, you know that?
Like reading a doppelganger isn't it?
what happens when oil and gas spiked up in price?...US economy tanks, as in deflation, see spring 2008
So I guess you suck at trading if you live in a shithole like Pomona
http://www.zillow.com/homes/S-Garey,-pomona_rb/
Ugh, not this argument again!
I bought gas at $0.25/gal when I was a kid. It's now twelve-fold higher. Same hasn't happened to my wages.
It could be argued that the same effect could occur by driving wages toward zero. It's not the numbers that matter, it's affordability.
Meanwhile, the majority of sheep are looking at their 401(k)s (if they even have one), seeing this years "gains" and declaring "all systems go, great sailing ahead!"
came to the conclusion a year or so back, I don't have the cash to buy gold, I do buy as much "junk" silver as I can, but my main current "investments" are non-perishibles and bullets.
Figure the bullets will be accepted as money nearly everywhere.
The trick isn't in laying up enough supplies to last the year, the trick is going to be laying low and surviving while the FSA riots and kills each other for their last box of Coco-Puffs.
Nobody wants to believe that history can (and will) repeat itself here. Very few want to put down their remotes and Iphones to read about what the world may look like if rampant deflation in assets and wages hits us as our food supplies, medicine and toilet paper skyrocket because they are all produced outside our borders.
John Williams is one of the few people on earth that can SEE reality, ignore his predictions at your own peril.
He doesn' t believe there will be any affect on Canada? That thoroughly discredits him. An ear of corn in Buffalo: $3, Ottawa: 0.13c.