Thread: 22 ammo
View Single Post
Old February 4, 2013, 10:32 PM   #19
B.L.E.
Senior Member
 
Join Date: December 20, 2008
Location: Somewhere on the Southern shore of Lake Travis, TX
Posts: 2,603
Quote:
And the rumor was that there was a glut of sugar about to spoil.
Sugar spoiling? Sugar actually acts as a preservative when concentrated.


The good thing about gasoline is that it's very hard to hoard a significant amount of it. The gas tanks in our cars is only so big and to hoard more takes a significant investment in a storgage tank.
I remember gas stations being out of gas on 9-11, if it had been possible for people to panic buy a year's or more supply of gasoline, it could have been really bad for drivers.

Maybe it's a good idea to have several months of non-perishable food squirreled away somewhere in case there comes a food panic buying episode.

Like a run on a bank, a panic buy reinforces itself, sort of like a self fulfilling prophesy. A rumor starts that a bank is insolvent and everyone pulling their funds out of the bank makes the rumor come true.
I believe the FDIC was created more to protect banks from runs than it was created to protect depositors, though protecting depositors from bank failures was its obstentious purpose.
B.L.E. is offline  
 
Page generated in 0.03606 seconds with 8 queries