Emergency Economics

[toounfazed]

We have also collected and refurbished old wood stoves & tent stoves, and during his test marketing has had a lot of preppers buying them here in Missouri.  So we're going to keep buying old-fashioned but useful items that may come back into fashion as hyperinflation sets in. Having a useful trade as well as trade goods is a good to hedge our bets financially.

[kmikesell]

@toounfazed Great idea's! Thanks for sharing

[toounfazed]

Gold may be accepted in trade when the SHTF but without the ability to trade gold further afield it may not be effective in the short term. We've added trade goods that have more immediate appeal to our preparations. Items such as sugar, tobacco, beer, liquor, wine, coffee, seeds, farm implements, ammunition, weapons, antibiotics, medicines, sewing items, and stockpiled a few pedal operated sewing machines & material, setup as locksmiths, setup old-fashioned tool sharpening equipment, etc.

[remember04191775]

I enjoy your videos and agree with your analysis except for one important point. Gold does not have "intrinsic value". It IS accepted by the market in most places on earth, but the fact that it is a "store of value" has more to do with the STORE aspect of it than the VALUE aspect. It is highly durable, doesn't corrode, etc. so it can be stored for a long time without degrading in quality. Intrinsic value can only come from ability to sustain life i.e. food, water, shelter. My .02. A+ vids btw

[kmikesell]

Thank you for your kind words about my videos....and I agree with your analysis. True value is in life sustaining items. Thank you.

[kmikesell]

Don't forget to rate and subscribe!

[kmikesell]

What is the name of your bank?

[anonazero]

maybe not your bank. mine was founded in the early 20th century so the FDIC isn't even a problem when that crashes :)

[kmikesell]

You lost me...Are you saying that your bank is safe? Far from it. Even if thye have been very conservative, their FDIC insurance primiums are going up 1000%

[anonazero]

my bank is old scool, they don't rely on the FDIC to ensure they can pay back their clients.

[kmikesell]

What is the name of your bank?

[makotoS13]

it isn't a branch, its one thats a locally owned and operated/been/in the same building/for over 80 years/bank.

:)

[kmikesell]

Why so secretive? What is it's name? You know you can go online and check it's strength (or lack there of).

[anonazero]

its no secret, its just not your (or the rest of the internet's) business.

[kmikesell]

Fair enough! LOL I just suggest you do your own investigations. On another note. Did you enjoy this (or any of my other) video?

[anonazero]

it wasn't really my thing so it kind of droned on at some points but to someone who is more interested in that sort of thing they'd probably be more receptive.

i have this view: money is power. if money is gone it is immediately replaced by power struggle. some people stock up on cash for disaster, i stock up on supplies and bullets.

when people who dont have come to take from those that do a stack of useless cash won't do you much good :)

[steelhorses2004]

pieces of 8 refers to a silver coin but the point remains the same. good informative video series, looking forward to the other parts

[kmikesell]

gold, silver.....whats the difference? lol

[kmikesell]

Sadly too true. In the uncertain time in which we live job security isn't guaranteed! I just had a friend of mine who was laid off from a major newspaper (LA Times). He had worked there for over 28 years. Sad.

[omiolo1]

"in a large term financial problem the place you work might be gone"

the sad reality of it!