First off I want to say that it is important to prepare for unforeseen situations. It does not take a financial planner’s advice to know that you should save money for just about anything that life can and will throw at you. It is also foolish not to have a jack and a spare tire in the trunk of your car. Sooner or later you are going to get a flat tire. Of course those are just examples of why preparation is important.
Second, this site is not about fear mongering. It is about helping people make a change in their lives and keeping them informed. The future is always uncertain and hopefully this site can push people towards building a life raft to get them out or through the next few years.
A major amount of uncertainty was introduced into our civilization in 2005. It came in a few different forms. The first was the housing market decline. A large portion of wealth for the average world citizen is (or was) tied up in owning a home. The second was the fact that the cost of oil has been on a permanent upward swing. In 2005 that upward swing became more pronounced. The third and perhaps most significant is that geo political turmoil has become more profound recently.
Until recently concepts like Peak Oil was only plausible. The thought of a resource war with Russia was almost completely unthinkable. Ask anybody six months ago if they thought Russia would invade another country and they would have looked at you funny or called you a crack pot.
There are measurable trends that are pushing civilization to a major crossroads. It is a junction between survival and oblivion. For the everyday world citizen they are feeling the effects mostly in the wallet. The most visible signs of this are that people may have lost a job recently or must make choices between gasoline and food. Until recently the thought of a tough job market and sky high cost of energy was not a reality.
The next two years (possibly sooner) are like a storm one can see on the horizon. Preparation is going to be the key to survival.
David
Economy at the Edge
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Perusing the data one theme that just seems to jump from the trends is just
how precarious the situation is for the macro-economy despite the epic
monetary...
23 hours ago
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