I’ve added Jesse’s Cafe Americain to the blogroll… another excellent site for in-depth financial commentary that you’d have a hard time finding in the mainstream media.
The latest post is quite good, in which the author describes his increasing belief that there will be a hyperinflation event in the USA at some point.
A choice quote:
That has now changed. The dollar is a Ponzi scheme, the waters of debt are overflowing the dam of artificial support, and only a few countries, two of them somewhat unstable, are holding back the deluge.
If this comes to pass, we may all pay off our credit card bills and mortgages in record time yet still have trouble paying for food.
For a picture of what a hyperinflation might look like, check out these pictures from Zimbabwe covering the last year or so.
If something like this comes to pass, having basic sustainable living skills like gardening, mending clothing, etc. will become more valuable than ever. As Steve Solomon states in his book, being able to grow one’s own vegetables can be the difference between barely surviving and maintaining good health. I for one plan to make it a goal to get a few square foot gardens in this spring, and to start learning how to save seeds.