inflation

Oh! Isn’t that EXPENSIVE now…?

~ grant.gallagher ~ 2 Comments

Author ScotShot Scott is an NRA and USCCA certified Instructor and Training Counselor in a range of firearms, and home and personal defense disciplines. In an Alternate Universe, he is a husband, father, grandfather, scientist, musician, educator and grumpy old professor. Just your average reactionary, short, fat, old, bald guy!

I was chatting with my aunt in Glasgow recently, and she was telling me that they had been told by Scottish Gas that the Government has agreed to a price rise for natural gas. In April, their bill is going up from eighty pounds a month to one-hundred and sixty. It is about to double. What’s more, they have been told that a further increase has been approved for October, just in time for winter. She also mentioned that gas (‘petrol’) is currently up to 1.70 pounds per litre and was expected to reach 2.00. At the current exchange rate ($1.33 per 1 GBP), that’s $2.66 per litre x 3.79 litres per US gallon = $10.08 per gallon.

Her husband suggested that they “start stocking up on things we use” and in the course of doing this, she noticed that something she had last paid 0.68 GBP for, now cost 0.75, which is a 10.3% increase. It’s happening everywhere and across all commodities. She mentioned that it was difficult to get meat (“shelves are empty”).

So I decided to ask the Silver Tigers what they were observing, and what they were doing about it. I asked who has seen food shortages and/or price rises, and what action were being taken. The answers are illuminating. People are seeing shortages everywhere – for example:

  • John R: Not necessarily shortages but certain items were out. For example, yesterday I stopped at a Sam’s Club to get coffee and nuts. They had plenty of coffee but no peanuts or mixed nuts. I did buy an extra can of coffee to be prepared.
  • Chet W: Meat prices are insane, shelves run empty but are filled in a day or two.
  • Heidi BS: Definite food price rises! Prices are high particularly for meat. Occasional short term shortages, usually of chicken. But still seeing areas of empty shelves on occasion.
  • Theresa RM: Rising prices for almost every products for groceries. Our local ‘Giant’ stores in SE PA, have had low inventory on canned goods, and some other items. Other stores are ok.
  • Debbie M: Certain items, like aluminum foil, have been quietly increasing in price for the past 3 years. I was buying extra when it was on sale but am not seeing sales anymore. Check out the aluminum price increases. Aluminum Price is at a current level of $3245.79 per metric ton, up from 3005.98 last month and up from 2078.59 one year ago. This is a change of 7.98% from last month and 56.15% from one year ago.

People are up-stocking and gardening more, too – for example:

  • Lateif D: I can’t fit any more in my freezers.. need to start rotating food…
  • Chet W: We have a freeze dryer and preserve our own food. We go to the local farmers’ markets, and have our own chickens.
  • Dawn D: My ‘hoop house’ [what is a hoop house – Ed] is full of seedlings and we’re doubling the garden size this year. We’ve added additional chickens. We have all the freezers full and I’m prepared to can all the meats if needed. I want a freeze dryer and have been sporadically researching them for what seems like years. I’ll get there eventually.
  • Matthew M: I just bought a meat canner.
  • Heidi BS: We started raising meat chickens last year, have had laying hens for years. This year we’re raising 2 hogs. And we hunt. Thankfully an option for us

So the question is – is this a Real Thing? If so, what are YOU doing? Not all of us has a big garden, or are fit enough to use one. My township prohibits the keeping of chickens. Are you allowed to have them? What about rabbits?

Do you even think it’s serious? If you do, then maybe start by buying an extra jar of your favorite pasta sauce and see where that takes you (if you can still get it, of course…).

How to survive, just in case SHTF.

~ grant.gallagher ~ 1 Comment

Author Frank Liso is an avid coin collector and Silver & Gold stacker.

It’s no secret that we are seeing high inflation. In parallel, we have historically low interest rates. The Federal Reserve could reduce inflation by restricting the money supply through increasing interest rates, but that is a precarious position, since it could crash the Stockmarket, which is already spiraling downward.

Inflation is being driven in part by the eight trillion Dollars of stimulus money that has wreaked havoc in the US stock market, falsely inflating stock values, and real estate values. The Pandemic has not only destroyed supply chains but also, world economies.  Inflation may be just the beginning of the bad effects. 

World leaders are taking full advantage of the Biden administration and USA’s assumed weakness. This has led to the current War in Ukraine, and may lead to another one potentially over ownership of Taiwan. In addition, we have the Iranians apparently itching to nuke the USA and Israel. Then there is our good buddy in N. Korea with his twitchy missile finger.  Wow, what a difference a year makes!

Russia and China are trying to overtake the US dollar as the world currency and truthfully, they have a shot at it. The only reason the dollar hasn’t been dethroned is that the dollar is the currency for Oil world wide. Imagine if Iran (say) decided only to accept payment for oil in Rubles, or Yuan, or Euros for that matter, something other than US dollars.

So, what can the average person do about it? People can protect themselves and their loved ones with a little planning and proactive preventative measures. What is important in uncertain times like these is hoping for the best, but being prepared for the worse.

Financially speaking the secret is how to deal with it at minimum risk and a potential upside should there be a bull market in commodities. 

I am offering a few things to consider, based on how I am dealing with the present situation. Think about whether these are right for you and your family.

My priorities for 2022 are straightforward. 

  • Food: have a few months of food stored staples that can keep you from starving should supplies get low at the local market. Ideally, this should be a mix of your favorite regular food and some food designed specifically for long-term storage.
  • Water: we use a lot more water than we think. It takes a lot of water to get by for a 3-month period. If you can’t store water, then get a water purifier – they are relatively inexpensive.
  • Get your home secured: consider a system such as ADT or Ring, perhaps get a firearm and training, reinforce your window and door locks, and get a dead bolt system for your front door. These will all help in the event of potential gang violence, robberies and break-ins.
  • Get some gold and silver: if you don’t have any it would not be a bad idea to have a few months of living expenses worth of it. After all, paper money might not be trusted. Also, what happens if the banks don’t you allow access to your bank accounts for any reason? What happens if there is an EMP strike? If the internet goes down, do you have Silver or Gold to get you through when traditional paper money fails?
  • Bartering: can you Barter goods or services?  Do you have a trade or a skill that you can barter for meat, veggies, etc..
  • Keep your expenses as low as possible: think about how to reduce your credit card balances as much as possible.
  • Don’t talk about your hoard or stockpile: Why attract attention to yourself from people who are less prepared?