Monday, December 13, 2010

Crazy Economic Times!

I watch the news each day for signs that the economy is returning to it's former days . Of course who do you believe on the news anymore? Every reporting or news cast is biased in some way. MSNBC makes no bones that it is leaning left. Fox News is leaning right. The others tend to be left leaning. Okay, so my original question, "who do I trust or believe when they report the news?"
There was a a guy named Peter Schiff who pretty much called it and yet the experts laughed at him and yet he was one of the few who got it right. Now, however there is talk of a turn around in the economy and yet there are some who predict a double dip recession especially in the commercial markets. Gold is up to nearly $1400 an ounce and Silver is up as well. Some of this rise in prices is due they say to demand for precious and rare earth metals. Perhaps, so what do we do now?
1st Get out of debt like so many have told us. (We have been warned!)
2nd have money set aside for a rainy day (Savings/Buy Gold/Silver whatever you can do)
3rd Have a years supply of food available if possible. Start small grow large.
4th Produce whatever you can to supplement your diet. (gardens/Rabbits/Honey etc.)
5th Stay out of debt, live frugally. It won't hurt you to do that for a few years.

Remember grocery stores don't always have food, look what happens at Walmarts on payday weekends. The store shevles are picked pretty clean. Now take that payday weekend add in a bad weekend for food prices (They go up for some unseen reason) and or add in a natural disaster (Like that never happens). People can get awfully hungry where there is no food to eat. Perhaps I should say food they are used to eating. How many can cook from scratch any more.

All I'm saying is be ready and do what you can. Stop eating out so much. See one less movie!

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