PMBohol wrote:I know this should not get political but bear with me for a moment. In the past the government was spending money on infrastructure. During the LBJ administration this changed over to spending on social needs and that has accelerated in recent years. Now you have a large portion of society that is dependent on someone or the government to provide for them. These are the ones to worry about in a calamity.
I would want a large knife like a Military. If a Mad Max scenario came about, we won't be opening envelopes. The knife would not be for defense but for foraging and building. You would need a gun for defense. Knives are just one part of a plan. Food, shelter, water etc are all things we can all stock up on and should. Storms and other natural calamities are more probable than society going down the drain. Whatever happens, it will still be those same people who will come looking for whatever they can get their hands on. I'm not sure I would buy a bunch of Spydercos just for barter. I would have a few though just in case.
well said sirApophis wrote:There are many Risks out there. I also feel that it is a near certainty that there will be consequences to the roughly three decades long credit boom. Personally, I think we will see deflation and defaults, rather than hyperinflation.
Whether things will reach Mad Max proportions (from whatever,) or be a long drawn out depression, no one can say. All I can do is hope that things will generally be okay and try to make sure to have some reasonable hedges in place. Heck, an EMP from the sun or an asteroid ( ) could take us out next month. Not to mention nearly endless "what if's" that could bomb us back to the stone age (war, disease, famine, etc...) But you can't plan your life around that stuff.
So to #1: “I understand that fear is my friend, but not always. Never turn your back on Fear. It should always be in front of you, like a thing that might have to be killed. My father taught me that, along with a few other things that have kept my life interesting.” -HST
#2: No, it wouldn't be easy, at all. If you can make it past the first month in a true doomsday scenario, you might have a tiny chance of building a life again, haha
To the question of whether it is good to have barter-able items? Well yes, maybe sort of. I think diversification is good. I like having tangible items of value ( 's too), but it's hard to see $100k's worth of high end knives being the key to a barter/survival situation. Same with things like gold and silver, they're a hedge, maybe 5-10% of a portfolio is reasonable, maybe a bit more, but it's no can't-miss certainty. Nothing wrong with a well-stocked larder and an off-grid cabin in the woods though, lol!
Pshaw. Everyone will be burning through their food supplies, and everyone will leave the crappy minute microwave rice for last. Obviously rice will be one of the only common food supplies and hold the least value in the neo barter economy. No no no, the real battles will be fought over the world's last remaining twinkies.Stuart Ackerman wrote: "One day wars will be fought over rice..."
The wonderful sentiment of someone who hasn't seen what a panicking mob of people will do to you for their own short-term interests.Leif wrote:The Simpsons had a great episode about preppers, which argued that we shouldn't be obsessed about protecting ourselves from one another but rather helping one another out and maintaining a community. I'd be interested to hear how you guys feel about this notion.
That's almost insulting for me and my countrymen. I can tell you that there was rioting in Tacloban(one of the areas hit hardest by Typhoon Haiyan) when rice ran out. A government repository was attacked by a mob when officials refused to ration out the stocks.Leif wrote:Pshaw. Everyone will be burning through their food supplies, and everyone will leave the crappy minute microwave rice for last. Obviously rice will be one of the only common food supplies and hold the least value in the neo barter economy. No no no, the real battles will be fought over the world's last remaining twinkies.
Yup.hunterseeker5 wrote:The wonderful sentiment of someone who hasn't seen what a panicking mob of people will do to you for their own short-term interests.
Hell, you'll see people literally trample other people to death to get to a sale on sneakers. What exactly do you think a group of hungry people are going to do to you in order to get ALL your resources?