Is now a good time to buy things, before a second economic collapse?

So, there are a ton of signs pointing to a second economic collapse this summer, possibly even worse than the 2008 one. If that is the case, there is a good chance that the dollar might hit the fan. It may not cease entirely, but something that costs $20 now might cost $200 in the future.

Does that make now a good time to buy things we might have been waiting on to buy? Personally, if there's 1 thing i want to buy before things hit the fan, it would be an iphone. Hypothetically, if things hit the fan this summer, would now be a good time to buy something like that before hyper-inflation kicks in? I want to get the value out of my dollar before it hits the fan.

reply to post by mossme89


Why buy it now when you can get it free after the second collapse which will be total collapse? Just loot it later, that's what I say. Make sure you got a truck if you want big items lol.

reply to post by mossme89


Hm..

If there was an economic collapse, something tells me you couldn't afford the data package for an Iphone...

And hyper inflation is relative.. if an Iphone cost $1billion dollars, chances are you make $500k an hour. Remember hyper inflation is the hyper inflation of money, meaning more and more is printed into the consumer market.

Deflation sounds like your concern, when consumer prices remain steady but consumer monetary supply drops (which is what happened in this depression) .. I think we still have a very long time to worry about hyper inflation. And when it comes, you'll wish you bought cans of beans instead of a fancy chunk of plastic.

if there's 1 thing i want to buy before things hit the fan, it would be an iphone

Wow.

Just wow.

You do know that an Iphone is totally worthless when the shtf, right?

Don't worry about spending your money on an iphone. Use it to buy some books and educate yourself on how to be self sufficient when the tit of technology is taken away from you.

There's no such thing as value when it comes to electronics. Especially these disposable pop-tart gadgets like the iCrap line of junk.

Before you've even seen it on the shelves it's obsolete but since some family in Zimbabwe has been slaughtered and tons of toxins and acids have already been dumped into the earth to mine the materials needed to make it they may as well try to sell it to some consumer.

Buy something that will be useful. At least something that will go up in worth and value.

This desire to buy something wholly frivolous prior to economic collapse is like the preemptive version of those mental patients who loot TV sets while their city burns and people around them die.

It's a good question and like you i think we are getting close and it has been planned so what you will get is a global meltdown followed by a few days of riots and then they will tell you that your money is safe but they have converted it to ameros.

Tell them to keep your money, your debt , taxes and police state and the amero at $0.50 on the $.

buying a mobile phone is about as logical as stacking up your fridge if shtf because they will close the network, internet and switch the electric on just so you can get you zionist state propaganda telling you how the very same people that got you in this mess are going to get you out.

CB Radio's will be like Gold as will food stocks and garden tools that also make good weapons if needed so keep an eye on whats going on and be ready to jump at the drop of a hat.

Hopefull the army will step in and sort things out because regular servicemen can see just as well as me and you who is behind all this mess and it might not take too much encoragement to get them to remove the goverment and to seize control of the media back.

I didn't think they needed another war to try and switch is over to the amero but it's starting to look like i was wrong on that one.

Bill Maher had Nouriel Roubini
(a.k.a. Dr. Doom) on his show a couple of weeks ago. He recommended buying Spam, as that stuff lasts forever in the can. He said something that I have always thought...there is no point in investing in gold, as you can't eat it....and no one will barter for it, because they can't eat it either.

I wouldn't suggest putting all your money into "goods", but it can't hurt to start accumulating stock of supplies, as you never know...

I was thinking you were going to talk about non perishable foods...but an iPhone?

Get yourself some tomato plants, strawberry, cucumber, lettuce etc that you can grow on your own. Then non perishables, then frozen foods.

Like someone said if the electricity is off then maybe invest in a generator that can power your freezer, stove, water pump... maybe an extra tank for the gasoline. Batteries, candles, think how you would prepare if a hurricane was coming for a week, except this would drag on for a few months.

An iPhone. Thanks for the laugh


Posted Via ATS Mobile: m.abovetopsecret.com

Originally posted by Rockpuck
reply to post by mossme89

 

Hm..

If there was an economic collapse, something tells me you couldn't afford the data package for an Iphone...

And hyper inflation is relative.. if an Iphone cost $1billion dollars, chances are you make $500k an hour.

Remember hyper inflation is the hyper inflation of money, meaning more and more is printed into the consumer market.

Deflation sounds like your concern, when consumer prices remain steady but consumer monetary supply drops (which is what happened in this depression) .. I think we still have a very long time to worry about hyper inflation. And when it comes, you'll wish you bought cans of beans instead of a fancy chunk of plastic.

agreed 100%. newspapers, stamps and my beloved comic books cost way more now than they did in the 80's but it is all relative

Posted Via ATS Mobile: m.abovetopsecret.com

Get yourself an SAS survival guide and some heirloom seeds of vegetables you won't get bored of

I did a post on this a while back. Basically I called it recession/depression buying.

Personally, I have jumped into the buying side of things. I went and built a vacation cabin and it's almost done. Why? The cost of wood dropped to a level that I could easily afford to frame my cabin. Roofing materials didn't drop as much. Labor(for the things I hire out) is pretty reasonable.

So. I'll have my cabin built for about 50% of what pre recession prices would have been.

I've always been a prepper so I'm more prepped than ever. Today I'm purchasing a couple more tools for my already huge collection because they are just so cheap right now, if you watch the sales.


Realistically, I'm almost done spending because there is little left that I need or want.

[edit on 11-6-2010 by Wildbob77]

reply to post by mossme89


I could really care less what you want to buy (but really an iphone???)

I'm more interested in this:

So, there are a ton of signs pointing to a second economic collapse this summer, possibly even worse than the 2008 one.

Care to share that information with me???

reply to post by OutKast Searcher

I don't know about a summertime collapse, but there are more than a few signs of economic collapse, and the timetable looks to be before the end of the year.
We cannot continue unemployment benefits forever, can we? Based on the rules the IMF uses to determine whether a country is in default, the U.S. is IN default. Most economists and respected analysts I read have dire predictions about the near future.
For instance,
www.globalresearch.ca...

There are many others that are respected in their field that are predicting similar consequences of our monetary policy, including Gerald Celente and Ron Paul.

What I'm reading about the economy is that we may see an upswing.

There are lots of doom and gloom but business are still in business and some are doing well.

Europe is working it's way through the recession.

Personally, I see the light at the end of the tunnel. (Or is that the light of a train coming at me in the dark?)

well a market drop of another 1-2,000 points (dollars) might be considered a W shaped recover is underway


i would'nt call that an economic collapse... just a depression in the Market
to realistic levels...
the players that treat the market as a casino-gambling venture
are the ones that are causing the present 'Recovery without Jobs...


i just say it will be fitting that we have also a 'Recovery without Equity profits' as the overpriced market proceeds to reflect its true value not hyped by the casino-type speculators that have ruined the commerce & business of America withy their derivitives attitudes blanketing the back bone of America...its business & corporations serving the needs of the citizens... not there merely for speculating/naked shorting/ or driving businesses into merger or takeover by the power of the leverage

That's why the world hates us here in the US. We are so darned worried
about the next iphone and gizmo to understand what is really important
to survive. We just have to have the next thingie, gizmo, stuff, more and
more ridiculous space takers.

Go and fill up the pantry with non-perishable foods that have a shelf life
of a couple of years or more. Things like vegetables, soups, honey,
peanut butter, etc., etc.

If you are going to need to eat, and I assume you are, that stupid iphone
will not be worth one penny. Try throwing one of those into the stew pot.
Quit worrying about more stuff and buy food goods and maybe even a
gun with some real bullets. You may need it before long.

reply to post by Wildbob77

I am not trying to be "doom and gloom", just realistic. Everyone should analyze their own particular circumstances with the assumption that it WILL get worse for most, maybe not for them.
The gravy train of money from state and federal governments to the undeserving is slowing and will stop. Then the local and state governments start laying off. Not enough.
A recovery has to have a few ingredients to be a real recovery, one of those is job growth. For job growth to happen on a "recovery" level, the U.S. HAS to be able to produce goods for export...manufacturing growth. Out of this would come the related distribution and service jobs.
It is not happening, it is getting worse.
Innovation... entirely NEW industry built out of innovation with U.S. based manufacturers leading the way, is the ONLY way out of depression.
War is not going to do it, war is already being fought. If we are benefitting from war, it sure isn't trickling down.
Until we have leaders that understand these things and act up on them, and create the support structure for innovation and manufacturing to happen here, we will continue sinking.
FYI, Wall Street does not represent Main Street. All major cities could be burning, and the Dow COULD rise.

reply to post by Aggie Man


This is true.. SHTF I wouldn't trade a mound of gold for one of my precious cans of spam. I'd trade some spam for some bread, have a spam sandwich .. but not for gold.

Things that people will barter will be worth money. Tools, even things as simple as hammers and shovels. Food, especially non-perishables. Seeds after harvest. Being able to can .. this will be a big one, because even a lot of back yard gardeners don't know how to can, all their produce will come in at the same time and they won't know what to do. Guns and ammo obviously.

But Iphones lol.. *sigh*

Maybe the OP just wanted one last splurge of fun?

During the mother of all currency events....

"The ones who fared best were the small minority who had the foresight to exchange marks into foreign money or gold very early, before new laws made this difficult and before the mark lost too much value."

Wages failed to keep pace:

By mid-1923 workers were being paid as often as three times a day. Their wives would meet them, take the money and rush to the shops to exchange it for goods. However, by this time, more and more often, shops were empty. Storekeepers could not obtain goods or could not do business fast enough to protect their cash receipts. Farmers refused to bring produce into the city in return for worthless paper. Food riots broke out. Parties of workers marched into the countryside to dig up vegetables and to loot the farms. Businesses started to close down and unemployment suddenly soared. The economy was collapsing.

Full Text

From 1920's Germany..to..2001 Argentina..to 2007 Zimbabwe, and every severe inflationary event in between, those who converted to precious metals early-on not only preserved the value of their capital...but just as importantly, they retained the means to acquire food.

With good reason: Germans Lead Gold Rush Frenzy



[edit on 12-6-2010 by OBE1]