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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Les H who wrote (123852)5/20/2008 9:41:22 AM
From: Les HRead Replies (1) of 306849
 
Is it time to stockpile food?

Worried about the dramatically rising cost of food? Afraid of a shortage?

Well, then maybe it's time to clean out that old Cold War-era bunker and stockpile your favorite treats. Just move those gas masks to the side and start stacking up the canned string beans.

OK, so maybe that is a bit extreme. But some families have been talking about stockpiling to hedge against further increases and possible shortages.

The idea took hold last week when Costco and Sam's Club announced that they would limit customers to four wholesale-size 20-pound bags of imported jasmine, basmati and long-grain white rices per trip.

That has caused some concern, but think about the last time you bought 20 pounds of rice in one shopping trip, let alone 80, 100 or even 120 pounds.

The clubs' restrictions were probably not aimed at everyday consumers, however.

In a statement Friday, Sam's Club said: "These limits are designed to prevent large distributors or wholesalers from depleting our stock. We believe limiting rice purchases to four bags per visit is consistent with the needs of the majority of our members, including many restaurants."

abcnews.go.com

this is worse than the 70's for most people. the only reason that Wall Street and the government is sanguine about the current situation is that the compensation for retirees and the average worker is tied to the corrupt CPI...
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