How Is Your Wine Supply?
“What will you do with devalued money when there are no goods for sale? … The bottom line is that you can but count on the wine you drink today. Unless you turn your ‘excess’ into items of intrinsic value you will rue your decisions. … One Weimar Republic should have been enough for all of us to grasp that when fiat currency is involved we’re living on borrowed time. … The most starry-eyed Doom & Gloom seer I read concludes there will be a major melt down by 2015.”
“Our best – if not only – defense against coming inflation and devaluation is seeing to it that when the government begins issuing scrip instead of other forms of ‘money’ (as some states and localities are doing already, including IOUs for tax refunds), we don’t have any Federal Reserve Notes left to lose. Because we have turned everything we own other than current income into hard goods or overseas investments. Even money stashed abroad isn’t entirely safe, since the government is already increasing the cost of repatriating such funds. Call me a cynic, but Perth Mint Certificates would appeal to me more if I lived in Australia.”
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