Monday, April 28, 2008

What to do with inflation

There are many things to do with your inflation. It can be both entertaining and fun, yet it does have its down side.

First let us see what we can do with it.
  1. We can watch it grow, even when things are trying to snuff it out or even hide it.
  2. We have always wanted to see big numbers roll through out bank accounts and now we can!
  3. Who ever thought they'd ever pay as much as they do for groceries.
  4. When paychecks catch up to todays inflation then we can roll in the dough.
  5. What a great conversation piece. Inflation and recession.
  6. If we find ourselves without enough cash on hand we get the opportunity to experience life like a pioneer.
  7. What a great weight loss program.
Now to be fair to the other side, lets look at inflation downfalls.
  1. The weight loss comes from lack of available food.
  2. Pioneer living isn't as great without a piece of land, tools, and seed.
  3. Paychecks for those people who still have jobs, won't follow inflation rates close enough and even with more pay - prices will far surpass affordablity.
  4. The more people try to hide inflation, place a band aid on it, the worse the situation will become.
What can we do?
  1. We need to stock our pantry. Buy in bulk.
  2. Buy silver. Yes, many people say they wouldn't buy gold or silver because it doesn't grow like a mutual fund - but it will always retain value around the world. The dollar is worth only what people around the world believe it to. Have some silver on hand.
  3. Get out of consumer debt. Credit cards that hold balances, loans with variable rates.
What are ideas that you have to help prepare for the oncoming inflation.

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