Speaker 1 00:01
So, put it on or something.
There we go.
All right, let's talk
Speaker 2 00:17
About food.
I thought I thought about this. Did I see food? This is from my point of view. There's three separate problems, okay? And the three separate problems require three separate approaches. Speaking of,
Speaker 1 00:40
I will refill my coffee, so after this, whatever, what is that word after this something break?
Speaker 2 00:49
After a word from our sponsors.
Speaker 1 00:57
After this commercial break.
Oh yes, after a word from our sponsors, yes. That's it!
All right here. I am ready to participate.
All right.
Speaker 2 01:58
Take two food
Speaker 1 02:02
The final frontier.
Speaker 2 02:06
All right, I see this as three separate issues with three separate Solutions.
Phase one, we'll call this dysphoria. Which is kind of where we are. Now, we're just entering into it.
Fact that our whole trade system is being fucked up.
Speaker 1 02:27
Yep,
Speaker 2 02:28
How our agricultural system is being fucked up. We're going to see. Declines in yields declines.
Speaker 1 02:38
Availability availability. And so forth,
Speaker 2 02:41
And prices are going to go up. Okay. Why to me, that's a shopping problem.
Already, we are beginning to know things like. Um. Halbert's what's what? The hell's their name Hannaford Hannaford's? Hannaford's has the cheapest egg whites in the city. We know this. And we keep checking it. And so there are things that we keep an eye on. And in the end, it doesn't matter, because in the end, if we have to, we'll pay up for anything we really want. And. If it ceases to be available in the store shelves, we'll find it someplace else. I'm very good. The one thing I promise you is, I'm a very good Shopper. Um. You know, never mind the fact I come from generations of merchants and all that. Let's
Speaker 1 03:39
Keep on topic. Okay.
Speaker 2 03:42
So, to me, this is just a shopping problem, and it's an annoyance. In
Speaker 1 03:46
Phase one, read phase one. Okay, so Define phase one.
Speaker 2 03:51
Phase one is dysphoria. Less availability, more expense. Spot shortages.
Speaker 1 04:02
And we're in it. We're starting it. Okay, we're at the beginning part. Yes, and
Speaker 2 04:08
I think we could see a year or two of it. Yes.
Speaker 1 04:12
So, so it does phase one look like hyperinflation in food.
Speaker 2 04:17
No, what does it
Speaker 1 04:19
Look like
Speaker 2 04:19
Inflation in food? There's a difference. Okay,
Speaker 1 04:22
Yes, there is, but I'm looking for a definition inflation food. So, what am I seeing when I go to the grocery store so that I'm not panicking?
Speaker 2 04:34
You'll see that the prices are going to go up 20 to 30 percent a year.
Speaker 1 04:39
And some things more. Per year. Okay, and how long?
If we. So? Japan had a phase one in housing for like 20 to 30 years. Right? What is that? Look like, what does it look like? Like, we're going to have other things happening simultaneously, right? Okay, I can't
Speaker 2 05:10
Really worry about it. Okay,
Speaker 1 05:12
Okay, that's fine. Face phase one topic, right? We're staying on food, okay, but I'm looking for. What do I see so that I don't panic? Like, how can I self-regulate? That's what I'm looking for all right. Let me give you a piece of context.
Speaker 2 05:30
Food has already gone up in price. Absolutely! But I want you to understand that our portfolio. Is up 60% in the last 18 months. We will outpace food okay.
Speaker 1 05:45
Bring them, bring them Vibe back.
Speaker 2 05:50
In the short run, there can be spurts where it gets ahead of us. But, as I've constructed, oh
Speaker 1 05:57
So, phase one, our portfolio.
Speaker 3 06:02
It's
Speaker 1 06:02
Still either at par or outpacing food. Yes, okay, that's a very good, simple explanation. Yes, okay. And then. In the supermarket. We may see less availability shortages. And definite price increase. Okay. So, I'm good with phase one. Got to be their strategies. Like, you know, we'll talk strategy after we Define the phases. What's phase two
Speaker 2 06:32
Phase two? Is hyperinflation? If we get food. Or everywhere everywhere, but in food in the Weimar Republic. What really stopped the hyperinflation, what really? Drew the whole thing to an end was when the farmers were no longer willing to sell food for money.
Speaker 1 06:55
Okay, pause.
Yesterday, I saw a video where, instead of using fertilizer. A farmer. This is the milk thing, the bread.
Okay, so he, instead of using fertilizer. It was cheaper per acre. He went out and he bought white sugar. And he sprayed his entire field with white sugar, and it was so much cheaper and his results were fantastic. All right, that's if you have price controls, right? But the point, the point being is, we're finding the holes right now. Also, is that phase two or phase one that's phase one?
Speaker 2 07:42
Okay, phase two is where everybody gives that up. Because oh,
Speaker 1 07:48
Because it's legislated against
Speaker 2 07:49
Because it, it collapses on itself. No,
Speaker 1 07:53
Because the sugar is all gone because the farmers are using it up, right? Right? So, there's no sugar for anything else right, because
Speaker 2 08:01
It's
Speaker 1 08:01
Become an industrial commodity, right? Okay. So,
Speaker 2 08:06
Phase two is your money is no good. And so, if you want to eat, you have to find somewhere else to buy it. And there are two Alternatives. Uh, the one that I would favor the one that you would favor. Nowhere in history has anybody with gold or silver gone hungry? Period. The problem with gold is that one gold piece would be a year supply of food. That's too much. So? If we're really serious about this. And we really think about it that we should buy a few thousand dollars worth of junk silver. Okay. The other side is okay. Some people will take silver. Farmers will take silver. They will take gold, right? They know
Speaker 1 08:58
They understand
Speaker 2 08:59
That.
Speaker 1 09:01
But the other side
Speaker 2 09:02
Is butter. What do we have to barter so?
Speaker 1 09:08
Barter is not about money. Barter is about relationships? Yes.
Speaker 2 09:16
And so you're a tinkerer. I'm a problem solver. I don't know exactly what it is. We have to sell technical skill. We have technical skills. We
Speaker 1 09:26
Have art. We have other stuff. Technical skill will be the thing and and labor skills. Because if nobody's willing to help anybody out just being able to go and rake somebody's yard or lift stuff up, the stairs is a big deal or install a socket in the wall, right? Without a hammer.
Speaker 2 09:48
But, you know? So, the point is, it's going to be. And or could be both. Yeah, could
Speaker 1 09:56
Be
Speaker 2 09:56
Monetary Metals and barter. That's phase two.
Speaker 1 10:02
Okay, but phase two is also knowing things right. It's like knowing where the farmers are that are selling their eggs. If you that have a sign outside their door, right?
Speaker 2 10:14
This this is where you're looking Vermont, because in Vermont, there are lists of all the 200 guys. No, there's not.
Speaker 1 10:23
Whenever I found eggs and I've stopped, it's just some guy with a dozen chickens who's selling his extra eggs okay. And then there's
Speaker 2 10:32
Those guys, so you can find those guys, right?
Speaker 1 10:35
But that's, that's the barter. That's like.
Speaker 2 10:40
Yeah, so that's, that's level two. Okay, I
Speaker 1 10:43
Don't know. Could
Speaker 2 10:44
You
Speaker 1 10:44
Sum up level two in one package? Your
Speaker 2 10:49
Money's. No good. You have to find other ways to to exchange things for food, and you have to find the food.
Speaker 1 10:57
Okay, so we're literally talking about. Hunter-Gatherer Behavior here. Yes. Okay, and what is it okay? Well, that's
Speaker 3 11:07
What it looks like
Speaker 1 11:07
Hunter-Gatherer behavior and in the stores. There's not much. There's not much and you don't want it. And it would be dangerous.
Speaker 2 11:20
Baby, I mean, right
Speaker 1 11:21
Here, perhaps, but not in places. It might be dangerous. Well,
Speaker 2 11:24
We're talking here. And, and the thing is, even the stores. What can they charge because the money isn't worth anything, right? What
Speaker 1 11:32
Are they willing to take? So that's
Speaker 2 11:33
Where the silver comes back in. So, what
Speaker 1 11:36
Do the farmers markets look like in phase two? If they exist at all,
Speaker 2 11:42
They will be metallic. They will be for silver. There will be
Speaker 1 11:49
Police. Possibly. I don't know. Okay, all right, and phase three. Phase three, the system collapses. Nobody's selling food for at
Speaker 2 12:01
Any price for anything.
You're on your own!
So? Those are the three phases of the, and each requires a different approach. Phase one is about shopping. Phase two is about having the right resources. In phase three is about preparation. Cuz, then it's too late.
Speaker 1 12:28
I think phase. Is not preparation. If phase 3 is preparation year late, well?
Speaker 2 12:36
To have yes, of course.
Speaker 1 12:40
So, what is phase three? It's not preparation.
Speaker 2 12:42
Phase three is. You get whatever phase three is, you get whatever you've prepared,
Speaker 1 12:47
Right, it's patience and? What is it called Sheltering in place? Yes! Phase three, then, is waiting out the storm, yes. Waiting for the clouds to break? Yep, okay, so? With those things outlined. Here's. What I had to say because we are in alignment.
Phase. Is now. We're at the beginning of phase one, and things still look normal everywhere. Nobody is willing to believe we are actually in a phase of any type, except those people who are alarmed. But those people who are alarmed? Are already under the gun, and they don't have the resources. Right? So?
Phase one is time to. Now, the things we need and what, and so practically from my. Plan or point of view. I need to empty the freezer downstairs, and every time there is a sail on dogs and good bacon, we buy some and put it in the freezer downstairs. Okay. We know that Niche freezes so. We, whenever there is Niche. Not yet.
Speaker 2 14:24
Not yet,
Speaker 1 14:24
Not yet, but getting closer to phase two. Or when we're in phase two. This is one of these two cases in New Hampshire sort of thing, right? When we're in phase two?
So, there's very few things right now. Buy for you that you need. But. From a practical point of view. When does bread become scarce? I'm not worried about
Speaker 2 14:54
Bread. Listen, listen, listen.
Speaker 1 14:59
This isn't about you.
Speaker 2 15:01
This is entirely about no.
Speaker 1 15:06
I'm looking for my spot in this relationship. Okay. How I can make this transition past this? Without you becoming traumatized. Okay, because? You are still going to be managing our portfolio, and you're going to be freaking out, and you're not going to have any processing power. Which is going to exacerbate every pain in your body. Okay, so I have to be. The support mechanism. Just listen. That being said.
When? Does bread become scarce because I can also bake bread, but I have to? Practice. Making things that you will eat. Okay, but So that seems to me like a phase three sort of thing. Bread is base 2. Okay, tell me about that. All right, I see this differently.
Let me, I gotta let the dog outside.
Okay,
Speaker 2 16:36
You're thinking. You're still thinking largely retail. And.
Speaker 1 16:44
If
Speaker 2 16:45
If Bacon's on sale, we'll get a few. And that's all fine. And that's all good for phase one. But would we that look like we're seriously getting toward to phase two? We shift strategy. Rico institutional. For example. Cheese is sold in routes. 10 lb, 25 lb, 50 lb rounds. You don't buy extra cheese, you go, and you buy the fucking route. And you find out on all sorts of products, what the institutional sizes of things are, and how to get them. And the co-op people can be very helpful here. But for example. I'm not worried about finding the guy on the roadside with a couple dozen eggs. I say. At that point, we go, and we buy the gallon jar of egg white and a gallon jar of powdered eggs. I hate those son of a bitches, but that's not the point. The point is, you can always put them in pancakes. You can always do things with them, right? That's
Speaker 1 17:51
Your
Speaker 2 17:52
Guaranteed source of protein. You don't buy three extra peanut butters. You buy a hundred pounds of peanuts in a grinder. Yes, we have the grinder.
Speaker 1 18:02
Okay,
Speaker 2 18:02
So you go, and you buy 100 lb of peanuts. Um, you go, you buy institutional quality. Quantities, and you have to learn how they get stored and and say, right, right,
Speaker 1 18:16
That's a whole thing to learn. I understand these things because I have already started buying buckets all right.
Speaker 2 18:24
Last time we had stuff wrought on us and and stuff, you know? So? The point is that we make a list of like 20 key things that will keep me fed and happy. You know, it isn't my preferred menu, but that's not the point. The point is what will keep?
Speaker 3 18:48
And going. And relatively normalized,
Speaker 1 18:51
Right?
Speaker 2 18:52
So I can see us by a 20 pound bucket of cashews, a 20 pound bucket. Uh, Tamara almonds, a hundred pound bucket of peanuts, uh, a 25 pound cheddar, maybe two or three of them.
And so forth. You don't fool around. But that is what distinguishes? Getting it to phase two from phase one phase one. You buy the sales you, you, I
Speaker 1 19:22
Understand now.
Speaker 2 19:27
And we're nowhere near phase two
Speaker 1 19:29
Nowhere. No, we're no.
Speaker 2 19:32
No, and we
Speaker 1 19:33
Could be several years away. We could be, but we could also blow through phase one very quickly.
Speaker 2 19:39
That's the Trader's judgments. That's the second case in New Hampshire. We're watching, right? And I have to be careful because you have strong feelings about this, and you can get set off. So, I have, yes.
Speaker 1 19:55
I understand where you're coming from. However, this time is different. I have. More insight, and that's why we're having the conversation. Okay, wait. Let me finish.
Speaker 3 20:09
So, the last time? I felt like I was talking for a book now. Okay, you wouldn't talk to
Speaker 1 20:17
Me. You wouldn't have these conversations so that we could lay out a plan. Because you had fear the same as I had fear. And we didn't know how to. A line and or resonate together. So? You kept hearing me and hearing me, and you decided when to pull the trigger this time. I came to you. We have a history, and now we are defining,
Speaker 3 20:50
And this is an intelligent thing to do. Which is we're
Speaker 1 20:54
Recording so I can go back and look and Define. What is the phase? What do the phases look like and then I can go okay? It looked like we're approaching phase two. It looks like blah, blah, blah, whatever.
Speaker 2 21:11
Now, I have to tell you. That we could see food prices go up 100% 200 percent. It will still be in phase one.
Speaker 1 21:21
I understand.
So, to me, that is simply a charting. Uh. Price Discovery on the industrial scale. What will the market bear? And. And also the companies that are selling things are going to panic and go, oh my God, we have no margin. We have no margin. Now, we've got to make our margin back, so the charting will look like, but then it will also look like, okay. Price Discovery, price
Speaker 3 21:57
Discovered, right? And so
Speaker 2 21:58
I, what I'm telling you? Listed if prices triple. Silver will be up by 10. Got it. So?
It would be wise and, and we do, it'd be wise to buy sales. It'd be wise to stock up the freezer, Etc. But that's still kind of retail. That's totally fine. That's
Speaker 1 22:30
Retail. Is time for is in phase one?
Speaker 2 22:33
Yes,
Speaker 1 22:33
Retail stocking up is phase one, but
Speaker 2 22:36
What you do, in the meantime, is you learn about institutional buying.
Speaker 3 22:43
Right? Right, the cheese buyers at Shaw's, the cheese buyers at
Speaker 1 22:47
The co-op cheese buyers. And also the places that we, the kinds that we like. Just like. In covid, I called.
Speaker 3 23:03
Right, you can call Paulette. How can I buy? How can I buy
Speaker 2 23:09
A 10 pound or 20 pound Paulette, right? Right. So these are things that you could do over the next year or two. You have that much time. I believe that. And you can learn. Pretend you're a caterer.
Speaker 1 23:26
Well, I have thought about things like. A specialty buying?
Not and set up now.
Speaker 3 23:38
For profit, but So, then we can get ours.
Looks better.
And it was, it is playing the other bonus. Okay, please, please, it's just impressive. I'm just telling you, right?
Speaker 2 24:12
Don't complicate things this
Speaker 1 24:13
Isn't about you. Oh yes, it is
Speaker 2 24:15
No. Anyway. So? You could learn. From American, thank God we have the co-op because they will help you. Uh, to learn this stuff.
And including how to, you know, get yourself. An account with different wholesalers, if necessary, or do it through them. Uh.
You know, but we have time for that, but we shouldn't waste it. Uh. If we ever get there that, I don't know that we will. We will have time and we will see signals.
So, I figure that's what you do over the next couple of years.
And the the the silver coin question, we still haven't resolved. We can discuss that another
Speaker 3 25:27
Time.
Speaker 2 25:34
That's true, too. I can go. I can buy some silver coins. It's not a big deal.
Um.
Well, this is something that we have Bandy, you know, we have. We have at
Speaker 1 25:58
Least a half a dozen times now
Speaker 2 26:00
And. Because it could alter it out to be a Libertarian fantasy.
Speaker 1 26:07
It could. But the silver coins will still be silver
Speaker 2 26:10
Coins. The nickels, we got five cents back for each one, exactly.
Speaker 1 26:17
Jane. Somebody will buy them.
Speaker 2 26:21
Somebody will buy them or not, or we'll take a loss. We won't be a big loss.
Speaker 1 26:28
So, if we're looking at?
They will. I have a strong belief. They will be necessary for us at some point for a short period of time.
Speaker 2 26:41
They will have them. We'll put them in the closet, and they'll just sit with the gold. It's fine and keep it company.
Speaker 1 26:50
And they could be very useful for things like.
We wouldn't probably use them for food right in a period of time where there's disruption. Let's say we need. I don't know our car serviced or something. A tire changed.
Speaker 2 27:10
There will be people who will take so
Speaker 1 27:12
Right, so it's a good idea as a householder to have right
Speaker 2 27:16
And and gold is too valuable. Yes.
Speaker 1 27:23
But it made by our house, right? Because gold, at that point,
Speaker 2 27:26
Could be 20 or $40,000 an ounce, and you don't want to be fucking with that. No?
Speaker 1 27:32
We don't.
We're not saying how much we have, we don't care. We have. Fine, yeah.
Speaker 2 27:47
We don't have.
Speaker 1 27:51
So, because that's the emergency emergency.
Speaker 2 27:57
So? All right, we'll get some silver coins, uh, you know, within the next few weeks, I'll get some certain calls. Uh.
Speaker 1 28:10
And the reason that we're doing this now. Is not because I'm panicked. But it's because the more we can take off our plate now, the. Panicky will be when? Things start to happen, and other people are panicking. And we have a major purchase to make, and we don't want to be panicked. If we have to make that major purchase? I don't personally want to be panicked.
I want to feel like a householder. Making. A good trade.
Speaker 2 29:05
The signs
Speaker 1 29:05
Are starting. Not here. But the signs are starting and. So, I'm aware.
Speaker 2 29:20
I think that was a good discussion. Okay. Are we good? We're good. Press the red button.
Comments