There are many reasons to keep a bunch of canned food in the house. Mine are as follows: insurance, inflation, and we don’t have money. I know those are non-sense to you right now, and I’ll explain. After you read, you may decide that you want to keep canned food as well. Good for you. How much you decide to put away is a personal issue, but try starting with a week’s worth of food. It should get you thinking, just like it got me thinking.
The reason I consider canned food insurance is very simple. Insurance is something to hedge against a bad turn of events: getting sick, dieing, breaking your bones. In this case, keeping canned food in the house is a hedge against losing our income. If we lose our income, and have enough food in canned goods to keep us from starving for a month, that’s good news. That means our savings can go toward keeping the roof over our heads. Canned goods also hedge against inflation, in a “kinda sorta” kind of way. If inflation gets too bad, food may become difficult to acquire. Having a month’s worth of food will allow us time to find a new source of food.
Inflation is a bad thing for the average homestead. Inflation means it takes more dollars to buy the same amount of goods, basically. But it wasn’t such an issue until the Fed, the organization that controls the monetary supply, announced that they were going to do “Quantitative Easing 2”, also called monetizing the debt (November 2, 2010). QE2 means a massive rise in inflation that the government isn’t going to tell you about, because they don’t calculate inflation with food or energy costs anymore. Too many dollars have been created, and that means there’s not enough gold in the US to back them anymore.
We Don’t Have Money
This is really something that not very many people talk about. One guy I know of who has been talking about it for over a decade now, has been ridiculed for saying a lot of the things he says. Regardless of where he got his information, whether it’s his imaginary dad, or if he got it from some other rich person, he’s got some good info. We don’t use money anymore. It hasn’t been so since Richard Nixon. Congress was warned not to use anything other than gold or silver as money by the founders in Article 1 of the Constitution, but we ignored them. We now have a currency. For anyone who has studied history, the outcome of switching from money to currency is obvious: All currencies in history have always trended to zero, meaning that they all, without fail, lose their worth. When our dollars are worthless, I’m fairly certain that a can of food is going to be much easier to trade for goods than the worthless paper.
I know, it sounds all doom and gloomy from me. But really, these aren’t even worst-case scenarios. Our dollar will trend toward no value if it is allowed to remain a currency and doesn’t return to being gold-backed. We will have inflation, because of what the Fed did on November 2 of 2010. And everyone knows that job security has been illusory since the early 90s, so having some extra food on hand to help transition between jobs is a good thing. How much do you want to save? That’s up to you. Just do it a little at a time. It’s okay, that’s how we’ve been doing it.