I probably spend a minimum of 1.5 hours a day reading over finance, business and commerce news (across the globe). I'm retired....so I can afford to 'waste' my time.
I've probably read four books over the 1920s since 2018, and it's fascinating to view how the 1920s formed a 'doomed-or-die' landscape for the end of 1929.
Between the insurance crisis existing currently (for cars and homes)....a condo crisis in Florida....companies letting people go.....restaurants in a state of collapse because of pricing for dinners...crime....and at least thirty-other-odd problems...there's a banking crisis brewing.
In some ways.....there's a staged 'delay' agenda in the mix....to get things past the election and likely to be a collapse of 1929-proportation coming in early 2025. Yeah, I'd even go and say it'll be a epic moment where we downsize our lives, and go into a hibernation type reaction (maybe for a year or two).
The ability of the Treasury to sell US Treasury notes/bonds....to gift people money to climb out? There's virtually no one left to buy the notes/bonds....unless the Vanguard, Blackrock people saw some incentive to waste their money on their act.
My general advice? Three things: Plan your life on meager limits (the eat-beans-and-rice mentality)....for at least a year. If there isn't a massive cut in government services/cost.....prepare for a 3-to-5 year depression. Prepare for relatives/kin-folks to ask for sleeping space/help....and your patience to be drilled-down-upon to extremes.
The people with 'weak-guts'? They will be pushed to the extremes and need 'coaching' daily.
The survivors? They will be the ones who had limited debt to enter this period, and had a head-start on being frugal.
We operate a small organic teaching farm near the outskirts of Eugene Oregon.
ReplyDeleteWe share the acreage with a couple-three dozen other workkampers in various versions of home-built HouseTrucks and RecreateVehicles.
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At meals and puttering around the property, we constantly 'game' events.
"If, then" types of discussions about scenarios.
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Although each of us deeply identify as nomadic, none of us have any desire to leave the farm.
Why would we?
Travel to some inner-city slum for a visit to a museum... probably not.
Travel to some inner-city slum for a fancy restaurant meal... probably not.
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The only reason to travel to some inner-city slum... bringing a picnic lunch and lawn-chairs so we can watch the rioters.
Or the addicts.
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A few months ago, I thought maybe city-folk should contain their city-limits with fences.
Become a self-contained city-state.
I over-looked one minor issue:
" the only people left in a city are probably incapable of resilience or sustainable anything,
* many of them can barely stand up on their hind legs.