Food prices will climb in 2021 as inflation accelerates

submitted by MarcoPolo from newstarget.com

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[–]bobbobbybob 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (3 children)

the mass issuance of money all around the world, at significant % of GDP has led to a kind of monetary supply race between trading countries, with the effect of devaluing currencies for the big players (the banks/stockmarkets). Inflation should be at between 7 and 15% (europe vs us), but for some reason it is taking time for those changes to filter through to the general public. Bitcoin and gold are not really gaining that much value.

Now is an excellent time to get into debt to buy commodities, as the debt is devaluaing very quickly. Although I'm not a money advisor and no one should believe anything I saw wrt. money because I'm poor so what the fuck do I know?

[–]Tom_Bombadil 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

Bitcoin and gold are not really gaining that much value.

Bitcoin was/is over $50k (up from +$25k ending 2020).

Gold is probably being shorted.

Now is an excellent time to get into debt to buy commodities, as the debt is devaluaing very quickly.

I'd recommend commodity assets.
Non perishable food. Food. Food. Precious metals. Firearms (with matching ammo). BTC. Monero. Food. These can all be traded for food, so if you don't want to stand in hoaxvid food lines in the coldest weather ever (like Texas), then get some fucking storable food.
Expect the unthinkable.

One could take a loan to buy silver, or gold, or BTC. These will appreciate during the crash.
In absolute terms, one could come out of this fiasco with more wealth than before the PsyOp; assuming one has the resources to bridge the gap.

Silver coins are particularly useful during hyperinflation (and during the recovery), because they're universally valuable.

Although... You can't use them at the cashier counter.
You have to negotiate with the store owner.
Modern stores are mostly chain corporations, and managers probably won't accept silver...
They're trying to destroy small businesses to eliminate the barter option with the Coco hoax.

Also, wearing masks dehumanizes everyone, and hinders bartering.

P2P bartering is ideal.

57 Troy oz silver coins is roughly $2000.
Each silver is a large unit of bread bartering. Smaller units of silver available if you can find "junk silver".
It's also more durable, and more tradable.

Gold coins are ~$2000 each.
Don't trade for bread.
Don't carry them around.
Don't carry them around.

Trade gold for firearms, only if you already have firearms, and ammo, and someone trusted covering your position.

Firearms can be commodity producing assets.
Every army knows this.
They have been known to produce bread, and gold. Not cool.
Observe trigger discipline.
Don't touch the trigger unless you're going to use it.

Crypto is to recent of a development to have a history.
Although, state-of-the-art encryption can easily be hacked with $10 wrench attack.

[–]bobbobbybob 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (1 child)

Bitcoin was/is over $50k (up from +$25k ending 2020).

Gold is probably being shorted.

that's comparing to the dollar. But the dollar is rapidly devaluing. So of course bitcoin is worth more. It is a store of value. A better comparison would be bitcoin to soyabeans....

although bitcoin has zero value if the 'net is down....

gold, ammo, soap, water cleaning tablets, building materials, fertiliser, rice, beans. Heritage seeds (i've spent quite a lot on these for later trade). solar panels, batteries. wool etc.

same wavelength

[–]Tom_Bombadil 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

that's comparing (Bitcoin) to the dollar. But the dollar is rapidly devaluing.

It's the same compared to Euros, yen, gold, and silver.

1 BTC = 25 Troy oz of gold = 1428 troy oz of silver.