Mormon Pantry

One thing I always thought Mormons got right was loading up the pantry, just in case.  It's always struck me as a good insurance policy.  Looks like they're well ahead of the game now that Wall St is taking notice. 

Reality: Food prices are already rising here much faster than the returns you are likely to get from keeping your money in a bank or money-market fund. And there are very good reasons to believe prices on the shelves are about to start rising a lot faster.

"Load up the pantry," says Manu Daftary, one of Wall Street's top investors and the manager of the Quaker Strategic Growth mutual fund. "I think prices are going higher. People are too complacent. They think it isn't going to happen here. But I don't know how the food companies can absorb higher costs." (Full disclosure: I am an investor in Quaker Strategic)

And if you can grow your own food, that's a capital investment that is going to be valuable once again in this country.  The days of financial domination are over.  Something tells me many of us are going to be going to the Mormons like the world came to Joseph to buy grain. (Gen 41:53-57)

CK

Comments

[SBW]

Well we can agree that the Mormons get at least some things right! We have a 25 x 25 foot garden full of vegetables, and we are growing berries too. We are also looking into raising chickens. Part of it is for economic reasons as you say and other parts have to do with avoiding the government subsidized agriculture/food corporations that poison, drug, and pollute our food. And perhaps part of it has to do with the perhaps coming crisis. As our friend has demonstrated however, we must avoid being labeled as a "compound" to avoid state intrusion. Recall the constitutional law case where the feds shut down and fined a guy just trying to grow food for himself because it might "influence national prices." And we have a "free economy?"

[Casey Khan]

That's the evil Wickard v. Filburn wheat case.

[JMM]

We haven't started our garden yet but we will soon. I've been saying for awhile that we should go to costco and git one of 'em 50 lb bags of rice, but never got around to it. Maybe we'll do that this weekend, if there's any left...