Home Forums Hunting & Shooting Hunter's Campfire Want your opinions,...seriously

However there is another and perhaps better reason for hoarding cash: because of high unemployment there is no "pent up" demand for product so why produce just to fill warehouses?

There is excess capacity and excess cash. What is needed is a sparkplug to ignite demand.

I would never put my entire nest egg into any one investment. Remember the fools who did that with some guy named Bernie?

I do have a position in a Government bond fund.

Shift more of your nest egg into it.



PS The above recommendation is specifically for Spano, and not intended for anyone else here at the Fire.

You must be a disbeliever in Reagan's trickle-down, supply-side economics. Because that, in a nutshell, is exactly where the true conservative belief lies. A bottom up "sparkplug" is liberal philosophy pure and simple.

Gold is better.

In an inflationary environment a ladder of short term CDs is a good bet.

I will take that under advisement. What percentage would you recommend?

I do have a small position in gold. At present I hold no CDs. I don't believe CDs are a good play in this low interest/low inflation environment.

Yes sir...lock up your $ in those half of one percent CD's
good bet.

LOL

My guess is not apocalyptic, but just kind of depressing.

The whole world will be affected, and the US perhaps less so than other countries. That's simply because the US is reasonably capable of sustaining itself.

The communications infrastructure will survive. Actual travel and transportation will be severely curtailed.

Thankfully, government will shrink because there won't be money to pay for it. The military will shrink by 1/3, Social Security retirement and Medicare will happen at 70 rather than 65. People who plan on retiring from civil service jobs will get an unpleasant surprise. Few people will really retire.

Gardening will become a lot more popular. Food costs will take up much more of the typical person's budget. Few homes will be built, because there won't be demand for them. The cost of heating a home will grow substantially. People will learn to wear sweaters and keep the house at 65 degrees in the winter.

Expensive medical treatments will be cost prohibitive. If what's wrong with you can't be fixed with inexpensive medicine and procedures, you're likely to have to live with it or perhaps die of it.

We'll have 10-20 years of stagnation, fewer possessions, and less leisure time. But we won't starve and the country won't collapse. People will learn to be more self-reliant, and the extended family will re-emerge as the dominant form of the family.

Practical skills like carpentry will be in more demand. Basically, if you want something, you'll be able to get it if you build it yourself.

I don't think that multiple firearms will be a particularly valuable asset. The lever action 30-30 was designed as the all-around meat getter, family protector, and livestock protector. Something simple like that, plus maybe a pump shotgun will be useful. But target shooting for recreation will probably be too expensive to enjoy very much.

Within living memory the "standard" home was essentially two rooms: A bedroom for mom and dad, a general living/kitchen area, and a loft for the kids to sleep in. We lived through that. It can be done again if we have to. And it's not all that unpleasant in a lot of ways.

As much as you possibly can. I see good things for anything pegged on the future purchasing power of US Federal Reserve Notes.

PS The above recommendation is exclusively for Spano. No other Fire member should take heed of it.

You defeatist need to step back and take a long hard look at what you're saying.Far as I'm concerned we are still the greatest nation under God and by damn we didn't get here by whining about the bad times.So suck it up think positive and before you know it things will turn around again,how do I know this?.. because history repeats itself.So cheer up it ain't as bad as you think we will continue!

My guess is not apocalyptic, but just kind of depressing.

The whole world will be affected, and the US perhaps less so than other countries. That's simply because the US is reasonably capable of sustaining itself.

The communications infrastructure will survive. Actual travel and transportation will be severely curtailed.

Thankfully, government will shrink because there won't be money to pay for it. The military will shrink by 1/3, Social Security retirement and Medicare will happen at 70 rather than 65. People who plan on retiring from civil service jobs will get an unpleasant surprise. Few people will really retire.

Gardening will become a lot more popular. Food costs will take up much more of the typical person's budget. Few homes will be built, because there won't be demand for them. The cost of heating a home will grow substantially. People will learn to wear sweaters and keep the house at 65 degrees in the winter.

Expensive medical treatments will be cost prohibitive. If what's wrong with you can't be fixed with inexpensive medicine and procedures, you're likely to have to live with it or perhaps die of it.

We'll have 10-20 years of stagnation, fewer possessions, and less leisure time. But we won't starve and the country won't collapse. People will learn to be more self-reliant, and the extended family will re-emerge as the dominant form of the family.

Practical skills like carpentry will be in more demand. Basically, if you want something, you'll be able to get it if you build it yourself.

I don't think that multiple firearms will be a particularly valuable asset. The lever action 30-30 was designed as the all-around meat getter, family protector, and livestock protector. Something simple like that, plus maybe a pump shotgun will be useful. But target shooting for recreation will probably be too expensive to enjoy very much.

Within living memory the "standard" home was essentially two rooms: A bedroom for mom and dad, a general living/kitchen area, and a loft for the kids to sleep in. We lived through that. It can be done again if we have to. And it's not all that unpleasant in a lot of ways.

I am afraid you are right crosshair. Just remember to "make them pay" when they come. Don't store everything in one spot. Spread it out in at lease four or more locations. STAY READY

If you believe that stuff, and I know many here do, we cannot have an intelligent conversation. The Fed "privately owned"?