It’s hot outside, but I am splitting and stacking firewood – in anticipation of when it gets cold, not too many months from now. More precisely, I am stockpiling wood as a fallback – in the event the power goes out this fall. A not-unlikely event, given the “electrification” of everything. Also as an alternative, in the event the cost of propane rises beyond the constantly diminishing purchasing power of the currency we’re all forced to us to buy such things with.
But it is also a hedge.
The wood being more than just a source of heat – both to keep us warm and (should it become necessary) a way to heat food and even water, so as to keep us clean. It is also a way to store the value of currency before it dissipates further.
The wood is a tangible asset, directly under my control. It can be withdrawn at any time and without even having to show ID. I can withdraw as much of it as I like, whenever I like, without having to worry about the transaction causing unwanted scrutiny. And – most of all – it will still be in my “account” come winter, even if the banks decide to lock my accounts with them, over something I wrote or said.
The power company cannot turn the wood off, either.
The value of the wood decreases only as I “spend” it – as by using it. The government-Fed (essentially the tail wagging the dog) cannot devalue the wood, as it does the currency made out of wood pulp. Even if the currency transitions to worthlessness by winter – a thing not out of the question, as it was in formerly better times – the wood will still be worth a great deal.
And not only because I value staying warm.
Others do, too.
The wood, having value as such, is fungible – meaning it is possible to exchange its value for other things of value, even when (especially when) currency has no value at all. It is hard to heat a home with paper dollars, even if you have a suitcase full of $100 bills. It might be enough to boil a cup of coffee.
But I know I could barter some of the wood I’m stockpiling for things others may be stockpiling that I might need more than the extra wood I’ve “banked” – and which someone else might need more than the things they have that I need.
An exchange of value can be made.
This being a concept alien to the things that control the currency, who view economics as a zero-sum game in which they win – and we lose.
Because they control.
This control expresses itself in many ways but perhaps the most malicious way is via the subtle, devilish diminishment of fiat currency’s purchasing power – which is the thing styled “inflation.” This term is used deliberately, to confuse the victims of it, who are led to believe that the things they need to buy simply cost more – as opposed to their currency buying less. This causes them to focus their anger not upon the currency devaluers but rather – as they see it – on “price gougers” and “greedy” people charging them more, for the same. Or even less.
This, of course, being precisely what is wanted by those who control the currency as it swerves the two-fold purpose of focusing anger away from them and giving them the pretext they need to achieve further control.
Accordingly, it is better for us to control as much as we can.
Banking wood is one way to do exactly that. But the same is true of anything that has real value, in and of itself, that you might exchange for currency today that may be of less (or no) no value by winter. Perhaps sooner. It is certain that the currency you have right now will be worth less – in terms of what it can buy – a month from now and possibly even by tomorrow.
If you have a propane tank, it might be a good idea to top it off now rather than later – when you might no longer be able to afford to.
Buying food, now, is not a bad idea either. Or things that produce food, such as a small flock of chickens. Food being extremely fungible, especially when money no longer buys it. Or when there is no food to buy.
Ammunition might soon be worth its weight in silver – or even gold.
Anything you need – or that others will likely need – that you may not be able to buy, later, might be well worth buying now, while you still can.
Bank that – and you’ll worry less about banks and what might happen to your savings therein.
. . .
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