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Old 08-19-2009, 06:36 PM   #21
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Second on the more ammo.
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Old 08-19-2009, 06:56 PM   #22
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hot sexy bacon
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Old 08-19-2009, 10:53 PM   #23
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Tulips.
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Old 08-20-2009, 09:37 AM   #24
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For example, foreign stocks might look like a good hedge for US-based investors, but if, at some point, you need the money, you have to sell your foreign stocks and what do you get in exchange? A wheelbarrow full of worthless dollars.
Yeah but isn't the idea that your foreign stocks will get you 10 wheelbarrows worth of dollars, whereas selling your U.S. stock would only get you one wheelbarrow full of dollars?

But anyway, I think the wheelbarrow scenario is very unlikely. Barring a nuclear war, the U.S. is not going to be Weimar Germany or Zimbabwe. However, I think it's very likely we will see a substantial reduction in our standard of living -- much more expensive imports (which these days covers just about everything) which will simply mean we'll all have to get by on less.

I suppose holding foreign-denominated assets that are appreciating against the dollar would help offset that by outperforming dollar-based investments once the exchange rates are factored in, which might help prop up my falling standard of living.
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Old 08-20-2009, 09:55 AM   #25
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I would convert my lower family room into an indoor greenhouse with all the latest small scale food growing technology.
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Old 08-20-2009, 11:37 AM   #26
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Right before the last big recession, it looked very clear that getting out of US dollars made sense. But then the recession came along and US dollars became what everyone wanted. You just can't predict this stuff. Whatever you know about the direction of the currencies, the pro currency traders know that and more.
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Old 08-20-2009, 11:41 AM   #27
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YHowever, I think it's very likely we will see a substantial reduction in our standard of living -- much more expensive imports (which these days covers just about everything) which will simply mean we'll all have to get by on less.
Of course, the flip side of this is that if imports get more expensive, then domestic industry will become more cost-competitive and may partially reinvigorate domestic manufacturing. Glass half full!
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Old 08-20-2009, 12:01 PM   #28
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[quote=lawman;847027]Done that already...bought 6000 rounds not long ago...[/quote
"Buy it cheap and stack it deep!" as the old adage goes.

I think most people are aware of the run up in munitions prices and some people theorize that it is based on metals demand, but even when metals prices (copper) plummeted, munitions continued rising.

Several years ago, when traveling along the Amazon river, I met an American who traveled the river extensively and he carried "shotgun" shells instead of Dollars. He informed me that they could be traded for a meal, a bed or even a night with the Chiefs daughter.

At the time, I thought it was just an interesting curiosity and filed it away in my head under "useless information". In later years when I became more interested in Fiat currency and was thinking what was small enough to carry, could be easily traded, and could protect itself, munitions was a logical answer.

If I feel the need to carry around larger denominations, hand grenades are easy to carry and are much less cumbersome on fishing trips!
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Old 08-20-2009, 03:09 PM   #29
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If I feel the need to carry around larger denominations, hand grenades are easy to carry and are much less cumbersome on fishing trips!
That's one thing I fear - explosive growth in hand grenade sales.

I'll stick to my international investments... less volatile...
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