Deflation my ass. Yeah, I’ve heard how much the stock market and real estate and oil prices have fallen. It’s all nonsense. The value of what I may have in my 401k doesn’t matter until I go to sell it. Sure, there may be a psychological shock when I see my holdings lose 30, 40 or 50% like last fall. And no one likes to see the value of their house fall.
The way the Government measures inflation is a lie. I don’t need the Government’s number crunchers and statistics to tell me what’s going on. I know what’s going on. I got the pocket book metric. The prices of what I buy weekly though is not falling. My grocery bill keeps going up. The price of gas has increased every day for the past month or two. Insurance is out of control. Even worse my property taxes seem to be increasing faster than bacteria in gelatin.
With the job market the way it is anyone is lucky to hold onto their present job. I have three jobs now. Seriously three jobs. I know lots and lots of people who have been laid off. I also know that many of them are having a real difficult time finding new work. Some have been out of work for well over six months. (Once their unemployment benefits expire they are no longer considered as unemployed in the eyes of the gubmint.)
So with things the way they are there are not too many employers that are increasing salaries. Lots and lots of people have taken pay cuts in order to keep their jobs. With such staples as food, gas and insurance going up every day it’s getting damn near impossible to keep up, forget about getting ahead.
The large fall in gas and oil prices since last summer is hiding the true inflation rate. My checking account can’t be fooled though.
And the conventional wisdom is that within the next six to 18 months inflation is going to come ROARING back. Prepare accordingly. The days of buy and hold are over. IMHO tangibles are the way to go. Over the past two years a can of soup, razors, TP have all been better investments than market indexed funds. I think the same will hold true in the coming few years.
GET OUTSIDE EVERYDAY!
This is the crown of a burdock plant. If you or your dog has come home with little burrs stuck to your clothes or your dog’s fur this is where they came from.
I think that this is a first year plant. Oh, burdock is a biennial, which means the plant’s lifecycle last two years. The first year of life it establishes itself with a big fat edible root and edible young leaves and the next year it sends up a huge flowerstock that makes those little burrs/seeds. Pretty ingenious aye. Those little seeds stick to creatures walking by and that is how burdock spreads itself. Burdock also has a ton of medicinal uses and is greatly used in traditional Asian medicines.
If you don’t recognize this plant you are way behind where you should be. This is obviously sassafras. You can take the young leaves, dry them and crush them up and use it as a soup thickener. This powder is known down in mosquito land as file (fillay) powder. My swamp brothers use it to thicken their gumbos. You can also take the roots, boil them and make a tasty tea. I love cold, sweetened sassafras tea during the summer. It really has a great taste. You should try some. Sassafras tea is also medicinally used for many things like gout, arthritis, colds, kidenys and fever. The sassafras plant is easy to spot because of the shape of its leaves. They look like mittens.