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Survival and Preparations Long and short term survival and 'prepping'.

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  #1  
Old 03-22-2020, 10:33 PM
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Default Anyone else spending $$ on CC in anticipation of Inflation

I think we are going to see major inflation and a dramatic devaluation of the dollar.

The combination of this along with a sketchy world I just went a bit nuts this evening;

Two complete Aero uppers with Geissele Automatics M4A1 (M-16 cut) 5.56 Bolt Carrier Group, Aero Precision AR-15 Ambidextrous Charging Handle, Aero Precision AR-15 Carbine Buffer Kit and Magpul Fixed Carbine Stock.

(Already have Aero Precision M4E1 lowers, Aero LPK, drop-in triggers, Ambi-selectors, and features grips.)

A complete PSA 16" build kit with Magpul MBUS.

Bunch of other stuff: more Ambi Charging handles, a bunch of compensators, featureless grips, several Magpul MBUS and one Magpul MBUS Pro offset and some other small parts.

Also ordered a Holosun HS403B for cheap and am considering also ordering a Holosun 510 and 3x magnifier.

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  #2  
Old 03-22-2020, 10:36 PM
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if this was just a USA thing yes I can see massive inflation, but since it is a world wide event every other currency is devaluing and causing the dollar to gain in demand and value compared to the rest of the world. I am more worried about deflation.
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  #3  
Old 03-23-2020, 3:33 AM
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Nope, got more flingie senders than we need, pre-reg...

Reloading press for 4 calibers, and a 12-guage shot-shell press (although I haven't bought wads and shot yet, but powder and primers already on-hand).
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  #4  
Old 03-23-2020, 7:42 AM
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Red face

I need CR123 batteries, MORE than I need ammo, guns, or parts, at this point.
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Old 03-23-2020, 4:10 PM
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Originally Posted by The War Wagon View Post
I need CR123 batteries, MORE than I need ammo, guns, or parts, at this point.
Have you considered rechargeable 750-800Mah LIEPO4 RCR123A's?

Half the life, but a bit-load of recharges.... and about-near the price of a CR123.
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I REALLY wonder how many iPhone/Mac users have people in their family wiping their backsides and cooters with scratchy paper towels and pic-nic-napkins... Should have tried to learn... Android FTW.
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  #6  
Old 03-23-2020, 7:06 PM
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OP, who are we really kidding here. This has nothing to do with inflation. You just wanted to buy crap. Admit it. Lol

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  #7  
Old 03-23-2020, 8:39 PM
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The interest rate on most credit cards is far worse than any inflationary losses in the next 30 to 60 days... If you want a gun, get a gun - if you can find it in stock
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  #8  
Old 03-23-2020, 8:47 PM
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Quote:
Originally Posted by Cali-Glock View Post
I think we are going to see major inflation...
If only the U.S. economy crashed, you would see the inflation scenario. Otherwise, when the entire world economy goes to trash, I anticipate a slight deflation of the U.S. dollar over the most European and Asian currencies
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  #9  
Old 03-23-2020, 11:07 PM
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Originally Posted by miglo View Post
OP, who are we really kidding here. This has nothing to do with inflation. You just wanted to buy crap. Admit it. Lol

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  #10  
Old 03-24-2020, 6:53 AM
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Quote:
Originally Posted by The War Wagon View Post
I need CR123 batteries, MORE than I need ammo, guns, or parts, at this point.

The Battery Station.

http://www.batterystation.com/cr123a.htm

None better. Been doing business these honest folks for years. Their "house brand" of CR123 batteries are made in USA & are just as as good as the big name brands. I've been buying / using them for many years. Great prices, fast shipping.

Good Luck!
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  #11  
Old 03-24-2020, 7:28 AM
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I don't think we will see crazy inflation as other countries are spending/borrowing too.

I actually think there are going to be a lot of bargains a couple months from now with all the job loss (second cars, boats,RV,motorcycles, guns, etc)
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  #12  
Old 03-24-2020, 5:41 PM
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Going into debt right now is a bad idea.
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  #13  
Old 03-24-2020, 9:46 PM
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Stocks down,
Bullion down,
Jobs cut,
Rates cut,
Oil down,
Real estate always slow to the party,

What makes you think inflation is at hand? If you have no money / income how do you pay the CC, mortgage or rent?

It’s happened before. It was called the Great Depression and people sold everything for another month indoors.
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  #14  
Old 03-24-2020, 9:55 PM
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I agree with the folks that said don’t use credit for this. If you’re truly worried about inflation use that cash.
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  #15  
Old 03-26-2020, 1:06 PM
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Default This

If you fear inflation = use cash
If you fear deflation = hoard cash

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Originally Posted by therealnickb View Post
I agree with the folks that said donít use credit for this. If youíre truly worried about inflation use that cash.
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  #16  
Old 03-26-2020, 4:46 PM
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Quote:
Originally Posted by harbormaster View Post
Stocks down,
Bullion down,
Jobs cut,
Rates cut,
Oil down,
Real estate always slow to the party,

What makes you think inflation is at hand? If you have no money / income how do you pay the CC, mortgage or rent?

Itís happened before. It was called the Great Depression and people sold everything for another month indoors.
Ammo up. Think about that.
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  #17  
Old 03-26-2020, 5:22 PM
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Originally Posted by Duck Killer View Post
Ammo up. Think about that.
Ammo is always up when a crisis hits. Then, it slides down rather quickly
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  #18  
Old 03-27-2020, 9:10 AM
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Let's talk about this more.....

Yes, it's definitely dawned on me to spend Other People's Money just in case things really go sideways...saving my cash for myself....

Not going to screw the CC co's, but ...yeah; I don't see any reason to spend my own cash for right now...so much has & can change each day, let alone in 30 when the bill comes due!

Tell me more of your thoughts on this, Mr. Cali-Glock......We're on the same page.
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  #19  
Old 03-27-2020, 9:12 AM
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Quote:
Originally Posted by DrjonesUSA View Post
Let's talk about this more.....



Yes, it's definitely dawned on me to spend Other People's Money just in case things really go sideways...saving my cash for myself....



Not going to screw the CC co's, but ...yeah; I don't see any reason to spend my own cash for right now...so much has & can change each day, let alone in 30 when the bill comes due!



Tell me more of your thoughts on this, Mr. Cali-Glock......We're on the same page.
How exactly are you spending "other people's money?".

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  #20  
Old 03-28-2020, 3:40 AM
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Quote:
Originally Posted by miglo View Post
How exactly are you spending "other people's money?".

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A credit card is not your money, its a loan.

He is implying that in any big collapse it won't really matter who you owe.
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  #21  
Old 03-28-2020, 6:20 AM
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Quote:
Originally Posted by miglo View Post
How exactly are you spending "other people's money?".

Sent from my SM-G975U using Tapatalk

As the post above me said; it’s just not your money.

When you buy stuff using a CC, you are using the CC to buy stuff, and then you are promising to pay back the card company; either within 30 days at no interest, or beyond 30 days with interest / fees.

Go & actually read the CC agreement - any of them - they’re all the same; “I promise to pay back this amount, this is the interest rate, etc”

Heck, many times I’ve seen when I go to sign off at a merchant after charging my card, on the receipt at the store it says “I promise to pay $XXX amount per my CC company agreement” or something like that.

So you go out & buy a bunch of stuff and then let’s say the CC company goes BK & closes down.

That agreement is worthless, for all intents & purposes.

Or let’s say that you buy a bunch of stuff using your CC & then suffer some catastrophe and have less in the bank than you owe to your CC.

What happens?

Other than a few phone calls, notifications, and interest accruing.....nothing.....yes they can ding your credit score, etc, but at the end of the day, you still have the physical goods & the CC co was left holding the bill...

Does that make sense?

Again; I’m not suggesting anyone do anything other than pay all their bills on time & in full, but in times of such great uncertainty, it makes perfect sense to me to spend other people’s money since 30 days is basically a year in today’s highly uncertain and rapidly changing world.....

Again; better to spend Other People’s Money (OPM) than your own....


LAST THING:
Better example;
Let’s say someone steals your wallet, uses one or more of your CC’s to buy a bunch of crap, fraudulently.

What happens?

Do YOU owe all that money, do YOU have thousands of dollars taken out of YOUR pocket / YOUR bank acct immediately?

Nope.

You call the CC Co, they simply write off the charges, close the acct & get you a new one.

You do not pay out of your pocket for those fraudulent charges.

You go on about your business as if it never happened.

The CC co is responsible for dealing with the rest.

Make sense?




X

Last edited by DrjonesUSA; 03-28-2020 at 6:25 AM..
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  #22  
Old 03-28-2020, 6:25 AM
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Quote:
Originally Posted by Futurecollector View Post
A credit card is not your money, its a loan.

He is implying that in any big collapse it won't really matter who you owe.
Stated much more succinctly.

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  #23  
Old 03-28-2020, 6:48 AM
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Quote:
Originally Posted by harbormaster View Post
Stocks down,
Bullion down,
Jobs cut,
Rates cut,
Oil down,
Real estate always slow to the party,

What makes you think inflation is at hand? If you have no money / income how do you pay the CC, mortgage or rent?

Itís happened before. It was called the Great Depression and people sold everything for another month indoors.
Bullion is disappearing faster the TP.
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  #24  
Old 03-28-2020, 10:01 AM
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The 0%'s and intro bonuses offers are the most important thing CC lines offer, access to good limits is the other. You need good credit for those. Paying high interest and/or bankruptcy sub prime use aren't the optimal use of these financial products.
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  #25  
Old 03-28-2020, 10:18 AM
miglo miglo is online now
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Quote:
Originally Posted by DrjonesUSA View Post
As the post above me said; itís just not your money.

When you buy stuff using a CC, you are using the CC to buy stuff, and then you are promising to pay back the card company; either within 30 days at no interest, or beyond 30 days with interest / fees.

Go & actually read the CC agreement - any of them - theyíre all the same; ďI promise to pay back this amount, this is the interest rate, etcĒ

Heck, many times Iíve seen when I go to sign off at a merchant after charging my card, on the receipt at the store it says ďI promise to pay $XXX amount per my CC company agreementĒ or something like that.

So you go out & buy a bunch of stuff and then letís say the CC company goes BK & closes down.

That agreement is worthless, for all intents & purposes.

Or letís say that you buy a bunch of stuff using your CC & then suffer some catastrophe and have less in the bank than you owe to your CC.

What happens?

Other than a few phone calls, notifications, and interest accruing.....nothing.....yes they can ding your credit score, etc, but at the end of the day, you still have the physical goods & the CC co was left holding the bill...

Does that make sense?

Again; Iím not suggesting anyone do anything other than pay all their bills on time & in full, but in times of such great uncertainty, it makes perfect sense to me to spend other peopleís money since 30 days is basically a year in todayís highly uncertain and rapidly changing world.....

Again; better to spend Other Peopleís Money (OPM) than your own....


LAST THING:
Better example;
Letís say someone steals your wallet, uses one or more of your CCís to buy a bunch of crap, fraudulently.

What happens?

Do YOU owe all that money, do YOU have thousands of dollars taken out of YOUR pocket / YOUR bank acct immediately?

Nope.

You call the CC Co, they simply write off the charges, close the acct & get you a new one.

You do not pay out of your pocket for those fraudulent charges.

You go on about your business as if it never happened.

The CC co is responsible for dealing with the rest.

Make sense?




X
Lol good luck with that. Sounds like solid financial advice.

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