Inflation

[KirkMcquest]

I think of solar and the rest more to be self sufficient, rather than saving a lot. I'm sure there are ways you could save but you definitely have to make the initial investment. I think of it more to have so that if the grid fails, you still have some of what you need. As far as dealing with inflation, I think you can just buy a whole lot of everything you use and eat now, store it, and continue the process. This will at least, to some small degree, put off the affects of inflation. You are going to deal with it every time you replenish your stock, but you at least get your initial stock now, before the price goes up. Repeat as needed until you can't afford it any longer, then live off your supply. Also, invest in precious metals: Gold, Silver, Brass and Lead. Re-evaluate your priorities. Do you need a phone that gets internet, for that extra $20 or $30 a month? Do you need all those channels on the tube? Start cutting back now so you can afford food, gas, and electric. Also, if you are thinking about investing in stuff to make your house more energy efficient, it will be cheaper now, than when inflation affects the price even more. Simple things like using foam, insulation, weatherproofing to seal your house better might help. I haven't priced it, and I'm about to do this when I get home( will post result) but you could probably build solar water heaters for relatively cheap, so you use less electricity for heating your water. There are probably a lot of little things you could do to cut your bills without too large an investment. Don't forget what our ruler, B.O. said: inflate your tires and save a little on gas. This winter I'm going to read about our corrupt, overbearing, politicians and their disastrous, tyrannical, all intrusive government policies as much as possible, in order to cut down on the heating bill and still stay warm. I think simple this to be more energy efficient, and frugal living is going to be the key for the average Joe. I just don't know enough about how to deal with inflation from an investment or savings standpoint, other than investing in commodities and metals. I think the best thing is to put twice the pressure we have been on the politicians to do a 180, and get away from these disastrous policies, or we're going to be screwed no matter what.

I agree, with one difference. It's not our corrupt politicians as much as it is the Federal Reserve, which is responsible for our monetary policy. The fed is a private bank, politicians have little say in the feds interest rate. Its the interest rate that controlls infaltion and monetary politicy. Unless or until we confront and reign in the federal reserve, we can vote in all the republicans, tea party conservatives and Sarah Palins we want and it isn't going to make a dime's worth of difference.

[Bull]

@ I agree, with one difference. It's not our corrupt politicians as much as it is the Federal Reserve, which is responsible for our monetary policy. The fed is a private bank, politicians have little say in the feds interest rate. Its the interest rate that controlls infaltion and monetary politicy. Unless or until we confront and reign in the federal reserve, we can vote in all the republicans, tea party conservatives and Sarah Palins we want and it isn't going to make a dime's worth of difference.

That sounds right to me. The recent elections only mean that now we really need to start putting pressure on them. With the Fed leaving interest rates as low as they are, we just push off the inevitable and make it that much worse when the time comes to finally deal with it.

[Rmplstlskn]

Inflation realities:

Paying off existing debts with inflated dollars = GOOD

Problems:

Wages will NEVER keep up with predicted inflation = BAD
Everything bought will cost more = BAD

Not enough $$$ to pay DEBTS, so who cares if they are inflated dollars or not. Your debts will NOT get paid...

Inflation of prophesied Biblical proportions (loaf of bread = days wage) = nothing left for anything else

Bad inflation = Massive personal default... Most will not even bother with bankruptcy... Lots of violence as people not used to this new reality lose it...

Not looking forward to it, but it does seem like it is inevitably coming like a freight train...

Rmpl