“Anything that you have today will become your treasure tomorrow......being from Cuba I know what I am talking about, in Cuba to find a straight nail on the floor is like finding a dollar bill here in the states.....collect all the nick knacks that you can afford and simply put it away and forget about it.....they will be your salvation tomorrow....right Agnut?”
Ponce
That’s right Ponce. With every action there should be a well informed and well considered reasoning behind it.
Not everything is going to become valuable; only things that people will need and cannot either afford new or find. This does cover many, many items but some of them will not be highly valued until they have been largely consumed. When I think about it, these things except home grown food are non renewable resources. They will get consumed and then what ? Increasing scarcity with a continued demand yields higher prices.
And some items should be sold and the money obtained should be reinvested. For example, art. I had 30 paintings on eBay recently and only two of them sold. I did get some ridiculously low offers but I would rather keep them, come Hell or high water. I have been watching the art market for many years and have come to the conclusion that the prices will continue to fall as our economy worsens. In the past, some investors bought art for its potential but I don’t think that it will be wise in our current environment as well as for the future. One way or the other we will continue the slide into third world status. We are becoming a banana republic without the bananas. No export, no recovery. This time it is truly different and therefore we will be in uncharted waters. Probably explains all the anguish in making even the best calculated prep decisions.
So why am I writing such grim news in a bartering and horse trading thread ? Well, we must realize that even some of the things we may buy now that are considered a bargain will be offered at even better prices in a collapse. That is, if our society holds together so that we would be comfortable in dealing out there in the public. If things do fall apart, bartering may become difficult for a while.
Right now our local thrift store is having a new type of sale in which a bag of hard bound books is $7 and a bag of softbound books is $5. I bought 3 bags yesterday and am heading back with one of my sons to buy more. How to books and the classics will be our focus. Yesterday I got a mint copy of the works of Ralph Waldo Emerson for about 50 cents. Many of the books are normally priced at $5 to $10 each. They are having this sale because they are receiving so many donations that they are overstocked. So I would have to pay as much as $100 individually but only $7 in a sale bag.
Is this still a bargain with the view of a future collapse ? Only time will tell; and perhaps a long time at that.
What is going to be valuable in the future ? Building materials, clothing, tools, toilet paper (you’re welcome Ponce), food, fuels, tires, and many other items we cannot or will not do without.
In the past several months, items for sale have not been moving. Nobody has much or even any discretionary money. If they see a great bargain they may have to pass on it in order to buy something more important, say something like food to feed their family or gas to get around.
Now with this Obamacare “Affordable Care”, I believe that there will be a shock wave the likes of which we have never experienced in our lives. Let me explain this and what I have been pondering for some time.
Say Obamacare has been implemented and we are all forced to pay an average of $250 per month for our health insurance. What about the $14,000 deductible before they pay for a medical cost ? How can anyone manage to save that contingency money with the way the economy is, even now ?
But that is only the tip of the turdberg floating around in the punchbowl. With most everyone paying out this approximately $250 per month, who will be buying things other that paying for food, gas, housing, utilities ? Can you imagine the multitude of stores that would suddenly find themselves with a disastrous drop in sales ? Would anyone go to the Hallmark store to buy a birthday card for $5 ? Or to the clothing store for designer clothing ? Or to the shoe store ? Movie theatres ? Sporting goods ? Fuggetaboutit !
Are you getting the picture of just how devastating the added costs of Obamacare will be to your local community as well as throughout the whole nation ?
McDonald’s, Burger King, Wendy’s, all other fast food outlets ? And what about all the middle class sit down restaurants and upper scale fine dining places ?
Who could afford a vacation to Hawaii or to visit a distant relative ? Are the airlines going to do better or much worse ? A no brainer, huh ?
We are talking about tearing some $3,000 off the yearly take home pay of the American worker or retired person. And from what I have been reading, it may be much higher in some financial situations.
What to do, what to do.
Well, since we are being herded into what has been described as “austerity”, we should make the best of it. Why drive ourselves crazy to “get ahead” ? Why buy a new car rather than fix the old one ? Why remodel the kitchen instead of keep the one we have in tip top condition ? Why buy new clothes when we have a closet full of used clothing ?
In fact, why spend any money for anything new except socks and underwear (and some other personal necessities that even I am too squeamish about mentioning) ?
What do you think I have been doing for years ? I drive a 23 year old truck that I bought for $2600. Paid cash so no interest payments and have only liability insurance. I buy my clothes at garage sales and thrift stores. I drive diesel and other high MPG cars and then only use them when absolutely needed. I rarely eat out. I buy most all food on sale and stock up enough until the next sale. And several other cost cutting habits.
On the other hand I do buy used books, records, CDs, DVDs and videotapes. That is my big extravagance; I cut out cable TV a few months ago and except for an occasional nature show and this season’s Big Bang Theory series I do not miss TV. I save $120 a month and this allows me to accumulate a library of entertainment far better than what the TV has to offer. Also I own a copy of it that I can watch any time I want or loan it to a friend or even sell it and get my money back for the next purchase. It is empowering. Oh; and no more commercials either. Take that Madison Avenue !
Also I barter for hay for our cattle. We get all kinds of fruits and veggies for free just by picking them up. Once in a while I get a car for free; sure it needs work but I am a mechanic and can fix it for my labor and parts at wholesale.
With the way I do all these things I have more time to do what I want when I want. I’m not saying I have lots of free time because I am busy every day. The key is I am getting to do what I want to do, not forced to do. Although I may not have a lot of money, I have never felt so rich in my life. Depends on what one defines as being rich. I’ve been financially rich and I’ve been happy but I have never been financially rich and happy at the same time. I guess it’s just not for me.
My family has been living in the future we perceive; this way the transition’s shock will hopefully be lessened.
In closing, does anyone in their right mind think that this Obamacare will be good for America’s future ?
Best wishes,
Agnut

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