Friday, April 22, 2011
Gas and Food Prices Combined May Cause Recession
According to this article, every time energy costs get over 6% of people's budget there is a recession. We are now at that tipping point. Combine that with the way food has gone up and it could get ugly.
http://www.cnbc.com/id/42704213
WTF? I thought we were already in a recession. Or was that just the taster?
If the SHTF, here's how it could happen. (see below link). This guy lived through it happening in Argentina. Life went on, but things were never the same. First the banks stole people's money via various tricks (hey!), then hyperinflation hit. Nobody had enough money to buy enough food anymore. Once people got hungry there was a month long super crime wave with riots and everything. There were rolling blackouts. A black market sprang up. Then it settled down to chronic crime, with lots of people going hungry, even though Argentina was formerly a bread basket, mostly because multinationals bought all the arable land and it wasn't available for Argentinians to grow food for Argentina anymore.
Incidentally, according to sovereignman.com, multinational corps. are buying up farm land in Paraguay now, because it's cheap; also there's a huge aquifer and some oil there. Hmm.
Any farmers who might read this blog, please weigh in and let me know if you see big agra buying up a lot of land fast in the US. That is something we should watch out for, because it would be bad news for the little guy.
So here's the link:
http://www.silverbearcafe.com/private/10.08/tshtf1.html
This article has a lot of good advice (read all 4 parts) especially about defending your home and your person if there is a crime wave.
Labels:
food,
recession,
survivalism,
utilities
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