Heard an economist the other day, he is the guy who predicted the bubble & many other stuff that came to be -(a PHD not sure in what??? Doom I'm guessing). They asked him if we should buy gold & he said - WHY? No, you can't eat gold, buy spam, spam was developed for the last depression.
I don't know what to think anymore, just glad I'm out of the market. Being from Hawaii, always have spam on hand..scrambled eggs, fried spam & rice the Hawaiian breakfast & a hard habit to break.
That's a good point. As I used like to point out to my wingnut friends, you can't eat gold. But those types of people don't exercise logic OR reason so they do amazingly stupid stuff like--(drumroll)-- buy gold during financial panics and economic uncertainty.
One of these friends actually paid $10 for that "info packet" about how to get out of paying his SS & FICA 'legally' at where else? A Gun Show. He swallowed it hook, line & sinker and even tried to fill out the "forms" and give them to his boss. I asked him how THAT went and he mumbled something and never talked about it again. Speaking of spam, I'm pretty sure wingnuts will swallow anything. WorldNutDaily is a prime example.
The best thing you could do for SHTF would be to set up a self-sufficient, secure compound. Dogfish is a set of solar panels and a couple of wind turbines away from it. If you can
regularly and predictably supply fresh veggies, eggs & meat in a disaster induced barter economy, you'll be the Cock of the Walk.
What do you think Western Europe was like in 490 AD?
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