Economy
Hyperinflation To Start in 2015
Top Economist Says Get Supplies : “Gold, Silver, Canned Goods, Toilet Paper, Bottled Water…”
from SHTF Plan:
It’s impossible to predict when and how our economy will finally reach a breaking point, but according to contrarian Shadow Stats economist John Williams it’s coming one way or the other.
The only thing we can do now is to prepare for it and that means stockpiling critical supplies, just like you might for an earthquake or snowstorm, but in larger quantities.
Because, if and when hyperinflation starts people will quickly realize that their dollars are worthless. And as we have seen time and again, and most recently in Russia, when a currency rapidly loses its value the public will have no option but to panic buy everything that isn’t nailed down in an effort to unload their diminishing purchasing power before their currency is completely worthless.
This means, as John Williams notes in the following interview with Greg Hunter’s USA Watchdog, that food and other essential supplies will disappear within a matter of hours.
If you have a crisis ahead of you the preparation, by definition, is something you do before as opposed to trying to scramble out after.
In terms of the inflation, holding physical gold and silver is a way of preserving the purchasing power of your wealth and assets.
In terms of buying stores of goods to live on… canned goods, toilet paper, bottled water… the disruptions to the system here early on could be just as bad as an earthquake in terms of shutting down electricity so you can’t pump gasoline, or getting distribution channels disrupted to grocery stores so that you can’t get food… You want to hold some of that in reserve to cover difficult times just like I do here in California anticipating a potential earthquake.
What we’re looking at here is a disaster just as bad in terms of the disruptive effects on people’s lives, but it’s man made as opposed to a natural disaster.
