Bank of Canada increases overnight rate target to 1 per cent

Re:Bank of Canada increases overnight rate target to 1 per cent by umanwizard on Wednesday September 06, 2017 @01:28PM (#15185458)

I bet drugs, canned food, and weapons/ammo are an even better thing to stock up on if you want to be ready for a TRUE meltdown, where civilization descends into total anarchy/lawlessness.

But there is a pretty wide spectrum between that and what we have now. Gold is a hedge against something like what happened to Yugoslavia, even if it's not a good hedge against the apocalypse.

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Re:Bank of Canada increases overnight rate target to 1 per cent by astrodust on Wednesday September 06, 2017 @02:34PM (#15186006)

The closest thing to the "apocalypse" you're likely to see is what happened in Argentina and what's happening in Venezuela.

Having a "prepper bunker" full of expensive supplies is not an asset, it just makes you a target. Having a small cache of things you can easily hide, secure, and trade is significantly better. If you have to bail in your city because things get too ugly you don't need a trailer truck to move.

Any normal person who needs more than a bug-out bag and a passport to survive is doing it wrong.

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