Good morning Seasons 4,
You’ve already presented this being a somewhat routine event. It is.
When, for example, a bond loses half it’s face value, it’s a default. This didn’t start only recently.
This year just speeds things up – IMO, .. the political establishment – both sides – wants to get ready to weather the economic storms pending. A current example is USG financing submarines for the domestic economy under pretence Austral can use them years later to work the South China Sea.
Am guessing the middle class will not have the subsidized stuff it’s had since FDR – earlier special industries and groups got stuff well prior to FDR. Before the Watergate scandal, it was “Teapot Dome”, a Naval PEtroleum Reserve. I love gallows humor and this is what it was all about.
Yes, yes, yes ! My financial preparedness had changed to address this financial environment. Am anticipating much perhaps massive inflation. To me it’s about the same; don’t have that much $ especially in retirement.
An example of an environment like we’ll get was Zimbabwe printing so much money, it became worthless.
Thus, … if I need something, .. yesterday went to Lowe’s big box store to get a squeeze tube of Liquid Nails brand adhesive excellent for field work … Got a road trip and day of volunteering in nice Virginia area and need it for my loadout … I bought all other of their packs using today’s “money”.
Am doing this while maintaining my thrift habits. I consider it a savings having the extra glue.
“To thine own self be true … ” Forgot where Shakespeare wrote quote.
Glad you brought this up. It’s typically not a traditional prepper subject like getting mre multitools and extra supplies for BOB.