[Homestead] ???
Clansgian at wmconnect.com
Clansgian at wmconnect.com
Fri Mar 6 08:31:16 EST 2009
> >A monetary hyperinflation caused by all the money printing going on in
> order to pay for all those bailouts and already issued USTreasuries coming due
> short term will make the cost of those seeds, currently $150 cost $15,000.00
> depending how many zeros get added on during the hyperinflation, of course.
>
This is only a problem if you are holding onto money or money referenced
assets. Otherwise it has little affect on you. If you are market gardening
under the hyperinflation you cite, then the seeds may go up by a factor of 100,
but the cabbage you sold last season for $2 now sells for $200.
Likewise if you used to save $100 a week on groceries because of your garden,
you now save $10,000. If saving your own seeds on some things saved you $50,
it now saves you $5,000.
What many are fearing now is that there is little money available to borrow
and agribusiness operates season to season on loans. Many large agribusiness
concerns may not be able to plant this year because no loans are available for
their ongoing expenses.
When that happens along with the above mentioned hyperinflation, then the
cabbage you sold last year for $2 now becomes worth $700.
James
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