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15 Comments

  1. Velocity of real estate! We live 60 miles east of Dallas and the term applies here. Old cow pastures are being bought up and sub divided, some have a small stock tank and are being marketed as waterfront! Wealthy Dallasites who now work from home or are close to retirement are moving in.
    Sadly, my hay man is selling his field, he said he is getting too old to work that hard.

  2. “JWR’s Comment: Do the buffoons at the Fed honestly believe that if they continue forcing rates artificially low, year after year, that it won’t lead to malinvestment, distortions in the bond market, and the eventual destruction of the U.S. Dollar?”

    I do believe that the destruction of the US Dollar is Intended… Look for a digital currency to be offered as a replacement. It may not be called a “Dollar”, but rather some other term which will not carry the onus of a deliberately failed currency.

    Got trade goods?

    1. I am by no means an economist – heck half the articles on here are way over my head. Please correct me if I’m wrong, but I was always lead to believe that there was an economic triangle, in which you could only ever really control 2 sides. Money (the amount being printed/created), interest rates and inflation.

      Given that the government is creating debt (printing money) at an unprecedented level, and they’ve announced that they are intending to hold interest rates at, or close to 0% until 2023, does that not mean that inflation will be free to occur? I really do not believe that they can artificially control/manipulate all three of the corners.

      Somebody smarter than me, please jump in here and explain to me how they can’t wind up destroying the dollar with their machinations. And please keep it in layman’s terms.

  3. Jet Fuel Is Now So Cheap It’s Being Blended for Use by Ships
    Elizabeth Low and Ann Koh
    Mon, September 21, 2020
    https://www.yahoo.com/finance/news/jet-fuel-now-cheap-being-210000851.html

    The same nagging voice in the back of my mind, that told me to buy guns and ammo last year, is now telling me to buy fuel… PSA had great deals that I just couldn’t resist…

    I have only used 22 gals in the past seven months, while working remotely from home, fuel is plentiful, and I have no viable storage capability.

    But, still, I have this urge to store fuel in mass quantities…

    Am I picking up some kind of unconscious signs of coming shortages, or price hikes? Or is it just that it is such a good deal right now, compared to past years…

    1. A problem with storing fuels is there are usually all kinds of federal, state, and local regulations to follow such as containment in case of a leak. Depending how much you want to store I believe most regulations are null and void if you invest in pickup truck mounted tanks. Most are rated for diesel only but there are also DOT approved tanks for gasoline transfer. Since they are mobile they are probably not considered storage. Both can be found in the 100gal range.

    2. Remember the advice in JWR’s books. Buy large underground tanks be sure these have hidden or concealed pumps.
      Also – for smaller storage you can bury 55 gallon drums, and place inside of them 30 gallon drums full of fuel – tightly sealed. Bury for temp stability. Keep airtight to prevent fuel from degrading and water accumulation. Consider addint stabil for longer term storage.

      I will add that I have seen some nice 15 gallon drums for sale locally, used, priced only 10 dollars…. tight sealing bungs. That’s a man-portable size and weight – and could be loaded onto a truck full if needed. Both for water, and fuel.

      God bless.

        1. If you know it’s empty unscrew the valve and fill the tank full of water. After you have drained the water it should be safe to take a torch to it. Then you can cut a hole in it and weld on a 2 or 21/2 inch pie to be used as a filler inlet. Use a threaded pipe so that you can use a screw on cap. You will also need the same thing but smaller diameter as a vent. That worked well for a guy I know.

  4. Modern chain saws require a minimum octane level. The best way to preserve fuel for chain saws is to get Avgas and store it in 5 gallon jerry cans, or other metal 1 gallons cans that have a very tight sealing lid. Don’t have the time to prove all the reasons why. Another good option if you can afford it, is to purchase a product like Trufuel from any of the big box stores. They advertise a shelf life of 5 years. I prefer the Avgas option, because I know what I am dealing with. Avgas is currently the purest form of gasoline that also has the highest octane rating, and therefore has a much longer shelf life than petrol intended for automobiles. The third option is storing high octane non ethanol premium gas in metal cans. Plastic breathes oxygen, and will degrade the fuel faster. A tight sealing cap or lid prevents the benzine, that is necessary to start a motor, from escaping. Light fuels such as benzine can be replaced by bubbling propane into the old gas. If the propane is being absorbed, the small bubbles will not reach the surface. Once saturated with propane, the bubbles will reach the surface. Store it underground in a place that is similar to a root cellar that is temperature stable and has a low humidity. Coating the metal can with paint, tar, or an light or heavy oil will preserve the metal.

  5. Speaking of economics and investing: I just invested in some .30 carbine at PSA. That’s 1080 rounds in ammo cans for $389 plus taxes and shipping. Promised myself I’d get a case when it became available. Even .30 carbine is hard to come by. Just check their Daily Deals section. Still in stock as of 5:30 PM eastern time.

  6. I´m very impressed how skilled Wolf Street paints half of the picture about germany and ignores the other!

    The bankruptcy rules´ve been “slackened” for businesses during the virus and most german bussinesses are middle class or small

  7. I prefer using PRI-G for gas, eliminate all air space in the container, seal with gasketed bung using a bung wrench.

    Refresh with PRI-G annually. I’m using 15 and 20 gallon plastic barrels from car wash places. Annual re-treating with PRI-G is cheaper than metal can purchases.

    I’m using 2 year old fuel now for gardening. I’m using up my containers now, preparing to get all new high octane before prices explode. Fully agree now is the time.

    God Bless

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