A few of the criminal class know what is coming and are taking steps to prepare for the eventual return to the Stone Ages that will accompany the destruction of the world price structure (the end of the dollar).
The Wall Street Observer reports:
On the rare occasion that New Yorkers talk about farming, it’s usually something along the lines of what sort of organic kale to plant in the vanity garden at the second house in the Adirondacks. But on a recent afternoon, The Observer had a conversation of a different sort about agricultural pursuits with a hedge fund manager he’d met at one of the many dark-paneled private clubs in midtown a few weeks prior. “A friend of mine is actually the largest owner of agricultural land in Uruguay,” said the hedge fund manager. “He’s a year older than I am. We’re somewhere [around] the 15th-largest farmers in America right now.”
“We,” as in, his hedge fund.
I would argue that buying farmland to grow crops is an outdated method and that the future of agriculture will be indoor/greenhouse grow operations using rotary growing machines. The machines provide year round growing regardless of weather, higher yields, and lower foot prints. They are highly efficient when compared to alternative methods of growing. Indoor grows can also be protected from radiological fallout.
Of course, there is little doubt that an implosion of the monetary system is imminent. As I stated in a previous post, ultimately the Fed will be presented with two choices:
1. Print infinite amounts of money to prevent a global default on the ponzi debt.
2. Allow a complete bankruptcy and collapse of the banking system to occur.
I suggest that everyone begin to horde freeze dried bulk food that can be stored for several years and also purchase indoor growing machines to produce their own food. During hyperinflation, food will become enormously expensive.
The article goes on to quote Marc Faber:
Marc Faber recommended to anyone: “Stock up on a farm in northern Norway and learn to drive a tractor.” He sees a “dirty war” on the horizon, playing on fears of a biological attack poisoning food supplies. Those sort of fears drive capital into everything from gold (recently at an all-time high and a long-time safe haven for investors with currency concerns) to survivalist accouterments. In this particular case, one might buy the farm in order to avoid buying the farm.