Start Stocking Food - Page 2

jpvskyfreak · 11-02-2008, 01:03 AM

In the "great" depression after the 1929 stock market crash there was tremendous hardship, unemployment and, millions of Americans actually starved to death.

As more and more families became destitute, parents, who could no longer feed their children, would desperately search for relatives, acquaintances and ultimately even total strangers who could feed them and were willing to take them into their homes. The parents would then try to fend for themselves and were often totally lost to memory.

The parents, of course hoped and told themselves that the children would be okay. Unfortunately, in many cases the children were treated like unpaid servants required to do whatever was demanded of them and be thankful that they were allowed to have food and a place to stay.

During those years over 80% of the population was closely tied to the small family farms so most of the people could actually get food. There was food even though many had no money to buy it.

Going into this present depression less than one half of 1% of our population is connected to farming. Further, we are in the third year of a global famine. America will soon see food shortages even for those who still have money. The financial crash is so severe that grocery stores can't get credit to restock their shelves and farmers can't get loans to plant and harvest. America is well on track for runaway inflation where $100 loaves of bread will not be unrealistic.

Before inflation hits and while there is still food, every one of us must get the supplies that we need immediately.

WALL STREET ADVISER SAYS STOCK FOOD AHEAD OF INFLATION

I don't want to alarm anybody, but maybe it's time for Americans to start stockpiling food.

No, this is not a drill.

You've seen the TV footage of food riots in parts of the developing world. Yes, they're a long way away from the U.S. But most foodstuffs operate in a global market. When the cost of wheat soars in Asia, it will do the same here.

Reality: Food prices are already rising here much faster than the returns you are likely to get from keeping your money in a bank or money-market fund. And there are very good reasons to believe prices on the shelves are about to start rising a lot faster.

"Load up the pantry," says Manu Daftary, one of Wall Street's top investors and the manager of the Quaker Strategic Growth mutual fund. "I think prices are going higher. People are too complacent. They think it isn't going to happen here. But I don't know how the food companies can absorb higher costs." (Full disclosure: I am an investor in Quaker Strategic)

Stocking up on food may not replace your long-term investments, but it may make a sensible home for some of your shorter-term cash. Do the math. If you keep your standby cash in a money-market fund you'll be lucky to get a 2.5% interest rate. Even the best one-year certificate of deposit you can find is only going to pay you about 4.1%, according to Bankrate.com. And those yields are before tax.

SOURCE

11-02-2008, 01:03 AM	#1
jpvskyfreak Avalon Senior Member Join Date: Sep 2008 Location: Hong Kong Posts: 13	Start Stocking Food In the "great" depression after the 1929 stock market crash there was tremendous hardship, unemployment and, millions of Americans actually starved to death. As more and more families became destitute, parents, who could no longer feed their children, would desperately search for relatives, acquaintances and ultimately even total strangers who could feed them and were willing to take them into their homes. The parents would then try to fend for themselves and were often totally lost to memory. The parents, of course hoped and told themselves that the children would be okay. Unfortunately, in many cases the children were treated like unpaid servants required to do whatever was demanded of them and be thankful that they were allowed to have food and a place to stay. During those years over 80% of the population was closely tied to the small family farms so most of the people could actually get food. There was food even though many had no money to buy it. Going into this present depression less than one half of 1% of our population is connected to farming. Further, we are in the third year of a global famine. America will soon see food shortages even for those who still have money. The financial crash is so severe that grocery stores can't get credit to restock their shelves and farmers can't get loans to plant and harvest. America is well on track for runaway inflation where $100 loaves of bread will not be unrealistic. Before inflation hits and while there is still food, every one of us must get the supplies that we need immediately. WALL STREET ADVISER SAYS STOCK FOOD AHEAD OF INFLATION I don't want to alarm anybody, but maybe it's time for Americans to start stockpiling food. No, this is not a drill. You've seen the TV footage of food riots in parts of the developing world. Yes, they're a long way away from the U.S. But most foodstuffs operate in a global market. When the cost of wheat soars in Asia, it will do the same here. Reality: Food prices are already rising here much faster than the returns you are likely to get from keeping your money in a bank or money-market fund. And there are very good reasons to believe prices on the shelves are about to start rising a lot faster. "Load up the pantry," says Manu Daftary, one of Wall Street's top investors and the manager of the Quaker Strategic Growth mutual fund. "I think prices are going higher. People are too complacent. They think it isn't going to happen here. But I don't know how the food companies can absorb higher costs." (Full disclosure: I am an investor in Quaker Strategic) Stocking up on food may not replace your long-term investments, but it may make a sensible home for some of your shorter-term cash. Do the math. If you keep your standby cash in a money-market fund you'll be lucky to get a 2.5% interest rate. Even the best one-year certificate of deposit you can find is only going to pay you about 4.1%, according to Bankrate.com. And those yields are before tax. SOURCE