Are US dollars safe to save? Since 1913, the dollar has lost over 96% of its value. That means today’s dollar would be worth less than four cents back in 1913. What happened over the past century? It is called monetary inflation. Printing more money puts more dollars in circulation. This causes the value of each one to reduce. It is obvious to see that it is taking more dollars each year to buy the same amount of food because of unchecked printing of US dollars. If this continues, the value of dollars will continually decline.
Some things don’t seem to ever lose their value. For example, food will always be necessary as long as there are people to feed, and clothing as long as there are people to clothe. Housing will never lose its value as long as there are people to house. So, instead of investing in saving dollars, it might be wise to invest in a commodity that will maintain its value. Some say that gold and silver won’t lose its value, but a person can’t eat it, wear it, or ever attain enough to build a shelter out of it. So what is the point of even stockpiling precious metals? We must seriously think about what is valuable, especially with the current level of inflation facing this country.
The best long-term food storage items are dried beans and legumes. They keep indefinitely as long as they are in an air tight container and stored in a dry, not too hot location. A plastic bucket with a tight lid works well for keeping light off the beans. Glass containers are only okay for short-term storage since light degrades the quality of food over time.
- Black Beans
- Cannellini Beans
- Great Northern Beans
- Kidney Beans
- Lima Beans
- Mung Beans
- Navy Beans
- Pinto Beans
- Red Beans
Grain is another long-term storable category. These grains may be ground into flour, cooked as cereal, or sprouted.
- Corn (non-GMO)
Beans, legumes and grains naturally store well without any preparation; simply place them in an airtight container. Perishable foods need to be processed with freeze drying, dehydrating, or canning. Freeze drying is the most expensive storage method, but it provides a very long shelf life. Dehydrating works well for long term storage only if the food is kept in vacuum sealed containers. If not, the food must be consumed within a year or two. Canning works well for storing food but the nutritional value is depleted with heat processing. Use canning as a last resort for long term food preservation. In addition to preserving a wide variety of food items, don’t forget seasonings like salt, pepper, and dried spices.
Most of the time we take clothing for granted. But what if there is a shortage of clothing, fabric, boots, shoes, gloves, hats, etc.? This is much more critical of an issue in the northern climates than in the south. It is worth spending a few dollars now to have backup boots and a warm coat for the future, especially if your current ones are wearing out a bit.
The US foreclosure rate is about 10,000 per month on average. Losing a place to live is a very serious issue. What if there are mass foreclosures and not enough apartments available to house the evicted families? Paying off a home is a top priority. A home without a mortgage is much more important than having some paper dollars sitting in the bank or on the shelf losing its value on a daily basis.
In the housing market the prices continue to rise, meaning that the value of the dollar continues to decline. A house will always hold its value, like food and clothing.