Thursday, November 18, 2010

The Coming Foodflation

I've been warning my friends for months that inflation is coming.  I've certainly posted it on facebook more than once.  Now it's starting to hit the headlines.  For example, Read this article from the Financial Times that I found on Drudge this morning.

I have interrupted the writing of IOU NO MORE 2.0 to write a short e-book, "Simplify Your Way To Prosperity" about how to thrive during the coming inflation.  I believe preparing NOW is urgent and I want to help.

Glenn Beck is making similar suggestions on his radio show.  He has a very large platform, I have a handful of readers.  He will get the word out faster that I will, I imagine.

There is one fundamental difference between Beck's views and my own.  He would suggest that gold is an excellent hedge against the coming tsunami.  I would say that gold is secondary to FOOD. 

Those who know me well, know I keep saying, "You have gold, I have food.  If things get really bad, I will have your gold in exchange for some of my food."  I don't say that to be ugly, I really believe it. 

Consider this passage from the Bible in Revelation 6:6 "Then I heard what sounded like a voice among the four living creatures, saying, "A quart of wheat for a day's wages, and three quarts of barley for a day's wages, and do not damage the oil and the wine!"  WOW!

I'm not against gold, in fact I strongly recommend saving up a year's worth of living expenses in cash.  Keep it in a jar, or in an easy to access money market account.  But I even more strongly recommend putting aside 6 months to a year of basic food stuffs and necessities. 

B and I have a room loaded with beans, rice, coffee, wheat, sugar, home canned goods, powdered milk, mustard, toilet paper, soap, etc.  We didn't buy the 'survival food storage' stuff off the internet, because I'm not really interested in eating MREs for a year.  Call me crazy.  But if that's the way you and your family want to do it, I'll not argue.  Just PREPARE.

After you have your CASH and your FOOD, if you want to invest in some gold coins, go right ahead.  But do is as insurance, not as an investment.  In a real crisis, investments won't matter a hoot.  What you have in hand WILL matter.

Watch this space or the website for "Simplifying Your Way to Prosperity".  But don't wait, start preparing TODAY.  I'm not suggesting the end of the world.  I am suggesting trouble ahead.  The bridge is out and I don't want anyone to fall.

Feel free to send your questions.

Tuesday, November 16, 2010

Preparing for Inflation

Inflation is coming.  I feel it in the air.  Commodity prices are insanely high.  Oil prices are rising.  That all means the cost of producing and transporting basic necessities like food and clothing are going to go up dramatically.  Sooner or later, manufacturers and producers have to pass that cost on to the consumer.  When you add in the effects of a weak and watered down dollar, the coming inflation could be pretty dramatic.

The best thing we can do is prepare.  We don't panic.  We don't hide.  We get ready.  If you do not already make storing up 6 months to 1 year of basic food a part of your emergency fund, then please begin to do so now.  You will be glad you did.  I will discuss the subject in more detail in IOU NO MORE 2.0, which should be out early in 2011.  But for now, if you have any questions about starting a Food Bank, then send us an email and we'll be glad to answer them.

I recommend buying some extra clothes as well.  Watch for sales, clearance racks, etc. and buy some extra jeans, jackets, sweaters, sweatshirts, shoes and the like.  This is especially true for articles made from cotton.  Cotton prices have shot through the roof and are headed to the moon.

One more thing, while I'm thinking about it.  Plan now to grow at least some of your own food next year.  

B and I have already begun our 'storehouse' and are mostly done.  We feel very good about our readiness.