Tuesday, March 29, 2022

Turning FRNs into goods

Should smart preppers (and others) be holding onto cash, or should we be turning that cash-- and even more so, the electronic "money" in bank accounts-- into hard goods? Goods we will need if money loses what little remaining value it has.

If I knew when/if hyperinflation will hit, the answer would be easy: Get stuff now.

I've done a little of that anyway. I'm hoping that doesn't turn out to be a mistake (at least I don't have credit cards to max out). If TSHTF I won't be needing that money to pay for those things, which I also won't be needing, anyway.

But I don't know when/if there will be hyperinflation, and I don't believe anyone who says they do know.

I'm still holding onto my crypto-- but an EMP would erase all that as effectively as the Feral Reserve has erased the value of dollars. And much faster. If I thought an EMP was likely, I'd be spending it.

I'm also hanging onto my metals (and I know I should be getting more). 

Speaking of metals, I've acquired more "liberty seeds" recently-- but not as many more as I'd like. I suppose I could convert those back into FRNs if I need to-- and soon, probably more than I paid.

What do you think? Are you preparing for hyperinflation, or do you think that's just a paranoid fantasy? Are you keeping "extra" cash and electronic bank funds or are you using them to get things you can actually use, no matter what happens?


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