I expect that a lot of inflation is on the way however I don’t believe that hyperinflation is a 100% possibility. Prices could double or even triple and that is not even close to hyperinflation. Let’s hope Ron Paul is right when he says that we will come to our senses before it get’s that bad.
An internal memo from a top Citibank analyst reveals a grim outlook.
“The world is not going back to normal after the magnitude of what they [Federal Reserve] have done. When the dust settles this will either work, and the money they have pushed into the system will feed through into an inflation shock,” wrote Tom Fitzpatrick, Citibank’s chief technical strategist.
He goes on to explain that the massive money creation efforts by the Federal Reserve and other central banks will end with one of two things: A resurgence of inflation, or a fall into “depression, civil disorder and possibly wars.” Either outcome, he says, will cause the price of gold to skyrocket. Gold will push to well over $2,000 per ounce, he explains.
According to the analyst we should expect this in either 2009 or 2010.
In addition to the recommendations below I suggest buying more of the foods you already eat and rotate them accordingly. Figure out how many units of food you would normally eat before the expiration date comes and buy that many. IE if you eat 2 cans of tuna a month and the expiration date is 4 years out then you should buy 96 cans of tuna.
Foods I recommend based on both price and nutrition
Trader Joe’s:
Suggested foods you can buy online:
How to calculate survival days
Formula: (# of calories per serving) x (# of servings) x (number of this food product in inventory) = Total calories of this certain food product. Take that number and divide it by your estimated daily calories.
For example if I require 2500 calories a day and buy 10 bags of food and with 504 servings at 160 calories per serving. That would be 160x504x10=806400. Divide that by your daily calories (2500) and you get the theroretical amount of days you would survive (322.6).
The man who predicted the 1987 stock market crash and the fall of the Soviet Union is now forecasting revolution in America, food riots and tax rebellions – all within four years, while cautioning that putting food on the table will be a more pressing concern than buying Christmas gifts by 2012.
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