Conversion

Guest Post by Eric Peters

It is wise to put aside some cash for just-in-case.

Well, it was.

When the economy was stable; when tens of millions of Americans weren’t sick in the head – and out on the streets (Diapers on their faces, protecting them from the “virus” in the manner of a vial of Gypsy Tears worn around the neck warding off witches). When you could be reasonably confident that the cash you put aside would still buy things when just-in-case arrives.

But what if it doesn’t?

Which it might not next week or next month. There is a very real possibility of hyperinflation on the one hand – caused by the private banking cartel that controls the supply of money doubling or tripling or quintupling the supply of it. Which concomitantly reduces the buying power of the money you put aside for just-in-case. Possibly to next-to-nothing.

This has happened before, many times – and it could just as easily happen here, too.

The other thing that could happen is confiscation. Electronic confiscation. Cash could be outlawed – they will likely style it “retired” – and the populace given a set period during which they will be allowed to exchange their cash for electronic credit. At a reduced exchange rate, of course. And with full taxes applied to the cash that you cannot prove you haven’t already paid your “fair share” of taxes on.

And even if not.

We have long lived in a kleptocracy – they can take whatever they like, whenever they like and without any limit to their taking – but it has been tempered by tradition, in the manner of allowing people to “own” a home provided they continue paying the government endless but generally manageable rent for the privilege.

But as the water in the bowl swirls faster, the former traditions and restraints fall away. This, too, has happened before – and here. About 90 years ago, when the federal government simply decreed that all Americans must turn in any gold they possessed  – to be exchanged for pieces of paper.

Most people do not remember because it is not taught – in the manner of so many other inconvenient truths. But the point remains that such a  . . . novel thing could happen again,  this time with the paper. Perhaps sooner than you think – and without any time to prepare.

Which is why it might be sound policy to reconsider the balance between saving cash for just-in-case and spending that cash, also for just-in-case.

On things you may badly need when cash doesn’t buy anything – and when you prefer that the government not know what you are buying.

Over the weekend, I bought a new pistol for this reason. I can’t really afford it right now. But then, I can’t really afford not to, either. I exchanged some pieces of paper for the pistol, which I now possess and the value of which will not be zero a week or a month from now.

I won’t exchange it for a “credit,” either.  But I may well be able to exchange it for something of much greater value – such as food – when that becomes unavailable or only available to the Diapered or the Needled, neither of which I ever plan to be.

It may also be useful in other ways – such as to acquire food. Not from theft – I leave that to the government – but by harvesting it from nature. I can “shop” in the Woods without a Diaper and without Needling.

I have also used some of my just-in-case funds for other useful things the value of which cannot be diminished by the stroke of a “federal” banking cartel’s keyboard or via edict of Uncle. Extra parts for my vehicles, for instance. Tools I may very badly need in the near future. A full tank of propane now – so that it will be available later.  A load of firewood – which I used to cut and split myself but a damaged shoulder has made that untenable for the present – to back up the propane when it gets cold and it’s important to stay warm.

And to be able to cook and to warm water – even if the lights go out.

I also have been buying bags of feed for my four-pawed friends. This may become very hard to get in the not-too-distant future and unlike us, animals may require very specific food. It’s not a bad idea to have six months of that in stock, too.

We all have different needs, so I won’t go on about mine; it’s the general point that bears making. We all live in a musical chairs world now, with the music controlled by people over whom we have no control. Who may and probably will turn off the music – without notice, at any moment.

After which, we’ll all want a chair – which will longer be there.

Better to sit down now. Before the music stops.

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4 Comments
Tom MacGyver
Tom MacGyver
August 13, 2020 3:37 pm

…Another person wakes up to reality…

Horseless Headsman
Horseless Headsman
August 13, 2020 6:35 pm

All good advice, and similar to my situation. I have enough FRNs, so I try to think of things that will be useful in the future, like chainsaws and splitters, etc. Advise others to do the same, especially with things that are currently available only through imports.

Dirtperson Steve
Dirtperson Steve
August 13, 2020 9:04 pm

Ignore hyperinflation. What if the goods just aren’t available?

We always keep at least 2 of many things in the pantry. When we opened the last bag this past spring there was none at the stores to replace it. I have advised my wife to remember the items that weren’t available and get them now. This fall when real flu season comes I expect things will be worse than last spring.

There are no firearms to buy and my dealer connections are at a loss where to get more. They are losing money because their shelves are bare. I have been trying to purchase a new handgun since March. I have a list that was common items before WuFlu. NONE are available now. All are backordered everywhere.

That’s not hyperinflation.

BSHJ
BSHJ
August 14, 2020 11:12 am

Great ideas there……maybe these too?
…new (bigger) propane tank
….garden tiller
……gas storage