Wednesday, March 25, 2009

Values

Ah, in-roads are being made, no?

Treasury Secretary Timothy Geithner said on Wednesday the U.S. dollar is still the world's reserve currency and will remain so for a long time, though he also expressed openess to expanded use of an IMF currency basket.

It was only a matter of time before this vast and long-term con came to its foregone conclusion. And what have they to back up all this cash? Not a damned thing. Look, I'm a fiscal idiot. I don't pretend to understand half the backstory on this mess. But it is obvious even to me that the only thing that will be of value soon is cold, hard gold and silver.

Even then? What value that if it can't buy anything? And, musing further, what else might hold more value? I'm stocking up on flour, sugar, beans, and rice.

Is it time, then, for our own personal currency? What would you value? And what would you be willing to pay for it?

4 comments:

Meadowlark said...

As a fairly long-time (couple of years, not so long I guess) "doomer chick", I've stocked up on whiskey among other things. :)

LauraB said...

DAMN IT! Yes! I forgot about the constant and always appreciating value of alcohol.

Well done and thanks for the reminder!

Lolly said...

And if you don't want to spend 24 hrs a day battling the hungry hordes (from the cities) trying to steal your stockpiles, you might get prepared to build that electric fence. Of course that won't stop the rocket-launched grenades (or whatever they're called.)

I've seriouly been thinking of moving to someplace like New Zealand - get settled in before they stop immigration. Or maybe just the wilds of Alaska.

We'll see.
How's the knitting going? ; )

LauraB said...

Ah, Lolly - those would be RPGs and there isn't much to hold those back.

New Zealand? Were it not for the seismic nature of the place...nice, though...

Alaska? Sigh...just cannot feed yourself there. Well, perhaps with a bit more high-tech methods...

Knitting? I can PURL!!! YES! Now it is a matter of learning how to not make the stitches too tight. Learning, learning, and loving it.