Urban Dictionary: Pone
Poser lingo for the internet slang word 'pwned' as in being owned or disgraced by someone else.
Contrary to the opinion of shadowstats and as seen in the following link, hyperinflation is not yet upon us.
December 11, 2011
Tips for Wringing More From Your Cash Holdings
'Ziploc Bags Do Well'
In response to my query, several posters discussed the sad state of affairs for cash holders. Konodrum quipped, "I bury cash or stuff it in the mattress. Ziploc bags do well."
FidlStix is also keeping his sense of humor, even as he acknowledges that the landscape has become a challenge for retirees and anyone else attempting to wring a return from low-risk assets. "I recently went to my local hardware store to buy two stainless-steel buckets for my shorter-term retirement needs. I prefer stainless because it's practically corrosion proof and stays shiny longer. Sadly, all they had were cheerless, gray galvanized buckets with holes in the bottom."
Think about this for a moment. People are joking about buying containers to store money. That's not what one would expect to see during hyperinflation.
I'm a fan of Ziploc bags. I hoard them. It isn't because I'm all that worried about hyperinflation. I just think they will perform better than buried cash and/or short-term treasury bills over the long-term.
Ben Bernanke has encouraged my hoarding/saving behavior by keeping short-term rates at 0%. I have therefore brought future purchases of basic necessities into the present. If the goal is to make the current economy better and the economy of the future worse, then mission accomplished. It's not like I will be buying more Ziploc bags overall. I have simply altered the timing of my purchases. That's all.
I'm pretty much done buying Ziploc bags. I have about all I will ever need. I'd like to think that I am at least as smart as a squirrel but I will admit that it is open for debate. I'm serious. As seen in the link, I have not scattered my hoard. But hey, at least I have a hoard. In the eyes of a squirrel, surely that's better than doing nothing.
So why aren't more people doing it?
Compulsive hoarding (or pathological collecting) is a pattern of behavior that is characterized by the excessive acquisition and inability or unwillingness to discard large quantities of objects that would seemingly qualify as useless or without value.
That's just nuts! Is it any wonder that hoarding got a bad name?
November 2, 2009
8.6% Return on Investment!
Do the items in the picture look useless or without value? The return on garbage bag investment is now 35.8%. Fortunately, nothing else in the picture is even close. Inflation has been mostly tame. It's almost like garbage bags are special (made of petroleum products). Come to think of it, so are Ziploc bags.
A Wheelbarrow of Food to Buy Cash
Monday: Chicago PMI, Pending Home Sales - From the WSJ: Divergent Paths for U.S., European Central Banks This break in rate policy, particularly between the Fed and the European Central Bank, could...
2 hours ago