Could your family weather a depression?
- Thread starter werblessd1s
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- May 17, 2007
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This is an interesting thread. When times get tough, the peasants are the last to starve. Except in the Ukraine when Stalin picked every last grain of wheat and egg and shipped it to Moscow.
Remember, you can only possess items as long as the government allows you to. If you have your year's supply of food and supplies for your family and one other, you can survive as long as the government allows you to.
However, when you hear the words "You the rich must pay your fair share," you know you have had it.
As for saving money, don't do it! When the government prints tons of money to pay it's bills, it will create a massive inflation just as happened in the Weimar Republic in Germany. You can pay off your bills in this worthless currency, unless you have one of those adjustable rate mortgages.
Years ago, I worked with a little Jewish lady that by dumb luck survived the shoah. Her family had relatives abroad with wealth that managed to keep her alive.
She told me not to save money, but to buy gold. So I did. Every pay day, I would go to the pawn shop and buy something. The pawn broker's bottom price for that item was the price of gold for that day. He had a lot of latitude, the only thing he had invested in it was the twenty or thirty dollars he had lent on it.
When I think of hard times, I remember how my mother and father survived the depression. My mother was married to a railroad track engineer. They lived in a rail car. They moved from job site to job site ever few days. At night, she would watch and see where the bats were flying from. Then she would file mineral claims on the guano deposits.
She never worked the deposits, but sold the claims to a nice Japanese man that mined guano and sent it to Japan.
My father on the other hand scrounged scrap iron and sold it to a nice Japanese man that shipped it to Japan.
That stuff came back to us in a horrible way. I can't help wondering what the future holds for our nation.
Rufus
Remember, you can only possess items as long as the government allows you to. If you have your year's supply of food and supplies for your family and one other, you can survive as long as the government allows you to.
However, when you hear the words "You the rich must pay your fair share," you know you have had it.
As for saving money, don't do it! When the government prints tons of money to pay it's bills, it will create a massive inflation just as happened in the Weimar Republic in Germany. You can pay off your bills in this worthless currency, unless you have one of those adjustable rate mortgages.
Years ago, I worked with a little Jewish lady that by dumb luck survived the shoah. Her family had relatives abroad with wealth that managed to keep her alive.
She told me not to save money, but to buy gold. So I did. Every pay day, I would go to the pawn shop and buy something. The pawn broker's bottom price for that item was the price of gold for that day. He had a lot of latitude, the only thing he had invested in it was the twenty or thirty dollars he had lent on it.
When I think of hard times, I remember how my mother and father survived the depression. My mother was married to a railroad track engineer. They lived in a rail car. They moved from job site to job site ever few days. At night, she would watch and see where the bats were flying from. Then she would file mineral claims on the guano deposits.
She never worked the deposits, but sold the claims to a nice Japanese man that mined guano and sent it to Japan.
My father on the other hand scrounged scrap iron and sold it to a nice Japanese man that shipped it to Japan.
That stuff came back to us in a horrible way. I can't help wondering what the future holds for our nation.
Rufus
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Derby wrote :
Gee -Did I miss somehing? Is there an asteroid coming or something?
Banks failing left and right , BIG ones, the value of the dollar is bad, the price of oil is high , the unemployment rate is at record highs, and the cost of food and everything else is rising because of transportation costs. It only makes sense to have stash of food as well as an emergency fund in case of illness, job loss, injury , recession, depression or natural disaster . It's never a bad idea to have a cushion to fall back on and in the current economy moreso than ever.
cluckychick wrote :
Banks failing left and right , BIG ones, the value of the dollar is bad, the price of oil is high , the unemployment rate is at record highs, and the cost of food and everything else is rising because of transportation costs. It only makes sense to have stash of food as well as an emergency fund in case of illness, job loss, injury , recession, depression or natural disaster . It's never a bad idea to have a cushion to fall back on and in the current economy moreso than ever.
cluckychick wrote :
Has anyone done the angel food ministries?
We have ! When were broke this saved us a few times, I highly recommend them! I've also used them to buy grocery * gifts* for my sons family when they were broke. With what my heating bill is likely to be this winter , it may be time to use them again.
We have ! When were broke this saved us a few times, I highly recommend them! I've also used them to buy grocery * gifts* for my sons family when they were broke. With what my heating bill is likely to be this winter , it may be time to use them again.
Arizona at present is as close to a depression as it has been since the 30s.
The nation may not be in a 'recession', but AZ has been in a steep decline since mid 2007. And it's going to get worse.
If the next president of the US raises taxes, the rest of the nation and then world will fall into a depression the likes we've never seen. Economists across the board say this would precipitate doom. If we do go into the depression, we should be prepared either to share or to protect what we have. Chaos with so many city dwellers could ensue.
We have savings, but if we go into hyper inflation, that will evaporate.
I'm pulling retirement investments... what's left of it out of the market soon. I'm waiting to see what happens in November.
We have a good deal of food stored but our land is up north and we are down here. I suppose my wife could go north with seeds and try and eek out a living on the land while I try to make a living here.
Unemployment has not been this high in AZ in many, many decades. Business failures and foreclosures are at an all time high. Some of the illegals are going back to Mexico.
There are actually some states that are weathering the storm. Utah for some reason is one of them, Washington is also holding steady, many states back east are right on the edge.
The nation may not be in a 'recession', but AZ has been in a steep decline since mid 2007. And it's going to get worse.
If the next president of the US raises taxes, the rest of the nation and then world will fall into a depression the likes we've never seen. Economists across the board say this would precipitate doom. If we do go into the depression, we should be prepared either to share or to protect what we have. Chaos with so many city dwellers could ensue.
We have savings, but if we go into hyper inflation, that will evaporate.
I'm pulling retirement investments... what's left of it out of the market soon. I'm waiting to see what happens in November.
We have a good deal of food stored but our land is up north and we are down here. I suppose my wife could go north with seeds and try and eek out a living on the land while I try to make a living here.
Unemployment has not been this high in AZ in many, many decades. Business failures and foreclosures are at an all time high. Some of the illegals are going back to Mexico.
There are actually some states that are weathering the storm. Utah for some reason is one of them, Washington is also holding steady, many states back east are right on the edge.
Yes, its very scary economic times right now. I live in northern indiana and much of the industry is RVs and people don't buy RVs when the economy is bad. Lots of people here getting laid off. We don't work in the RV industry but it all trickles down ! Hubby is an union electric and much of his work is for RV factories so he's having a hard time getting 40 a week . Retail stores have decreased sales because less people have jobs. Restaurants the same. And on and on it goes.
- May 17, 2007
- 3,216
- 170
- 254
No Mohonri, don't pull your retirement investments. Cash is the last thing you want to be holding now. Stick with the mutual funds.
Rufus
Rufus
Prepared is always a good idea.
This same conversation I had with DH about 1-2 years ago.
I never had "livestock" of any kind before (my parakeet, oscar (fish), tortose, and 2 dogs don't count as livestock lol). I year later and I have Nubian dairy goats (now 4) , more "multi-purpose" chickens than I can count, meat rabbits and a huge garden (that did horrible this year...green toms on all my tomato plants! Potatoes did ok tho...), and quail soon.
DH spent a large part of his life living in Idaho. No electricity...dirt floor... only milk from a goat...the works. (I'm not knocking any of it...just giving details) Parents thought the end of the world was coming (late 70's) so they bought some land and ran into the mountains.
I was raised in the city, had video games (Atari in the beginning lol), TV's, telephones, and no knowledge of food besides it comes from the store. (I had never seen a real live goat until a year ago...)
We have decided of regardless ....without a reason (depression, war, etc) to blend the 2 together. But what we show are kids they will have permanently embedded in them.....and that is important. It is our choice to become more self sufficient. Not because we are being forced to.
We hope to own our own land some day and be mostly independent. A day in my yard of hard work is so much more fulfilling than an easy day at work for a pay check....
"edited for grammer and typos..."
This same conversation I had with DH about 1-2 years ago.
I never had "livestock" of any kind before (my parakeet, oscar (fish), tortose, and 2 dogs don't count as livestock lol). I year later and I have Nubian dairy goats (now 4) , more "multi-purpose" chickens than I can count, meat rabbits and a huge garden (that did horrible this year...green toms on all my tomato plants! Potatoes did ok tho...), and quail soon.
DH spent a large part of his life living in Idaho. No electricity...dirt floor... only milk from a goat...the works. (I'm not knocking any of it...just giving details) Parents thought the end of the world was coming (late 70's) so they bought some land and ran into the mountains.
I was raised in the city, had video games (Atari in the beginning lol), TV's, telephones, and no knowledge of food besides it comes from the store. (I had never seen a real live goat until a year ago...)
We have decided of regardless ....without a reason (depression, war, etc) to blend the 2 together. But what we show are kids they will have permanently embedded in them.....and that is important. It is our choice to become more self sufficient. Not because we are being forced to.
We hope to own our own land some day and be mostly independent. A day in my yard of hard work is so much more fulfilling than an easy day at work for a pay check....
"edited for grammer and typos..."
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Jessika wrote :
A day in my yard of hard work is so much more fulfilling than an easy day at work for a pay check....
Same here , and all that time I spend pulling weeds and freezing and canning makes me able to just work part time ,a few evenings when the hubby is home to watch the kids , so I can be home with my 4 year old and have summers with the older ones.
Plus its satisfying to look in the pantry and know you can live without WalMart
Same here , and all that time I spend pulling weeds and freezing and canning makes me able to just work part time ,a few evenings when the hubby is home to watch the kids , so I can be home with my 4 year old and have summers with the older ones.
Plus its satisfying to look in the pantry and know you can live without WalMart
Quote:
Yeah Me too! I think that could be a big problem. Could be a lot of crazy people running rampant, especially in the larger cities and the outskirts.
My kids and I have never really had a lot, so we are all good at surviving and making do with what we have. I dont think a depression would be much different than what it is like now. And most Americans can certainly tighten their belts in some way or another. We are a spoiled lot, aren't we? There are a lot of good cheap meals that don't require a lot, and certainly don't require meat.
I do not stock up on animal food. I am afraid it would get stale and not too good to eat. Cats and dogs love home made food. So do people
. I would grow some chicken foods right in my yard. Did a little of that this last summer.
Yeah Me too! I think that could be a big problem. Could be a lot of crazy people running rampant, especially in the larger cities and the outskirts.
My kids and I have never really had a lot, so we are all good at surviving and making do with what we have. I dont think a depression would be much different than what it is like now. And most Americans can certainly tighten their belts in some way or another. We are a spoiled lot, aren't we? There are a lot of good cheap meals that don't require a lot, and certainly don't require meat.
I do not stock up on animal food. I am afraid it would get stale and not too good to eat. Cats and dogs love home made food. So do people
Mahonri, both 'sides' seem to have a sound economic plan, regardless of what you hear from 'spammed' commercials. So I am optimistic things will be looking up next year. To what extent, who knows. But we can all prepare the best we are able to in the meantime.
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