It's Getting Ugly: Economist Says Hoard Gold & Scotch

dandy-candy

All this talk about society breaking down always sets me off thinking about the fuss that was generated before Y2K - remember that guy who sold up everything and moved his family to some remote Scottish isle to survive the forthcoming disaster? How embarrassing :rolleyes: I wonder if he is now packing up to survive this forthcoming disaster in a remote spot somewhere? Actually now I think of it, you aren't him are you Asheron?

lumbo_2

Ive thought this for a while now.I have been putting aside food and water for at least 6 months.Whatever else,I have something to fall back on,in times of job loss or whatever.I have a months supply of food,water,medicines.I'd rather have something,than nothing.:cool:

mewbie_2

lumbo wrote: »

Ive thought this for a while now.

So have I. I am actually waiting for an economist to come along and suggest that if you drip feed money regularly into an ISA, spread your assets, pay down debt, and live within your means then the world should recover in about two/three years.

Not very dramatic I know.

ad44downey

Cleaver wrote: »

You have been saying that for months. And I've been responding for months that we won't actually be like Zimbabwe, will we?

I'm sorry but I'd rather take the word of a respected economist rather than your goodself - qualifications unknown (if any).

purch

I'd rather take the word of a respected economist

That would be a very good policy to follow.

This conspiracy nutter from Shadowstats doesn't fall into that category so I would ignore him !!!!

The very name Shadowstats could only have been dreamt up by a Conspiracy Theorist !!!!!

Generali

mewbie wrote: »

So have I. I am actually waiting for an economist to come along and suggest that if you drip feed money regularly into an ISA, spread your assets, pay down debt, and live within your means then the world should recover in about two/three years.

Not very dramatic I know.

Erm.. I'm 'an economist' and that's what I think people should do.

Way too sensible though. Most people want to know whether to put 100% of their wealth into AU, AG, PT or banking shares.

Diversification is the only free lunch.

So there. :-p

Cleaver

ad44downey wrote: »

I'm sorry but I'd rather take the word of a respected economist rather than your goodself - qualifications unknown (if any).

A very good point, always check your sources.

Of course, if you can find me a link to a 'respected economist' who feels we will have inflation in the millions of percent, government forces torturing and killing the population, a large amount of people dying through disease because of government ineptitude and people dumping money on the street as it's simply not worth anything then I will happily stop questioning your assertion that "we're going to end up just like Zimbabwe".

You're obviously aware that the main article posted at the top is an advert for someone selling / pushing gold? As are all of Asheron's 'articles'?

Cleaver

Asheron wrote: »

[FONT=Arial, Helvetica, sans-serif]Williams said that his definition of hyperinflation would be a situation in which a $100 dollar bill would become more functional as a piece of toilet paper than a store of value.[/FONT]

[FONT=Arial, Helvetica, sans-serif]"This is a time when you want to preserve your wealth and assets because inflation will knock the value out of it," he added, advising that people buy physical gold and assets other than the U.S. dollar.[/FONT]

[FONT=Arial, Helvetica, sans-serif]"Then when the hyperinflation hits you'll see disruption of normal commerce, you won't have enough $100 dollar bills to buy what you want," said Williams, adding that items to barter with, such as a bottle of scotch, would be more valuable than actual cash, even in large quantities.[/FONT]

I had a quick look on the website and found this:

[SIZE=+1]Subscribe
Now[/SIZE]
One Year: $175.00
Six Months: $89.00

Do you think I could possibly get in contact with him and offer the half-drunk bottle of Malibu that's been hanging around in the cupboard under our sink since 2002? He obviously wouldn't want the cash. I might pop him an e-mail and see what response I get.