Just another day here in the interesting world that is America 2022. Sometimes I feel like a war photographer trying to chronicle battles and their aftermath so that future generations will know what happened. It seems like when I grocery shopping I spend about a third of my time examining the pricing and availability of items from the previous week so I can get some metrics.
There’s that old joke: “How did I go broke? Gradually and then all at once.” I suspect that will be the story of how the next Great Depression or World War or Black Plague starts…..gradually, and then all at once.
Not much I can do about it….I’m a flea on the back of a mammoth – I don’t steer it, I just ride it. As I’ve said before, there’s a point at which I stop working the pumps and instead start heading for the lifeboats. As of late, in the last couple years, I’ve narrowed my focus down to what I need to take care of myself and those I care about. My neighbors, distant family, and the total strangers around me…who make more money than me and have more resources…have had plenty of time to get to their lifeboats. I’m not setting a seat aside in my lifeboat for them. They saw the signs, same as me. They could have prepared, same as me. They’re going to have to live with their choices, same as me.
What does that mean, exactly? Am I envisioning starving neighbors begging for food in some Holodomor-like famine? No, I’m not. I’m of the opinion that it’s virtually impossible to starve in this country if you are reasonably intelligent and in generally good health. What I see happening to the unprepared and the head-in-the-sand-crowd is financial impacts that will destroy dreams of retirement, force the sale of homes and vehicles, put plans on hold, reduce a standard of living, and perhaps even drive people into homelessness or a wave of perpetual ‘couch surfing’. There will be a lot less Trader Joes and Whole Foods, and a lot more WalMart in some peoples lives.
Society is going to be remade over everything in the last couple years, and everything thats coming in the next few years. Much like how after 9/11 there was a ‘new normal’, I think by the time this current administration and its epic failures have run it’s course we will have a ‘new normal’. I like to think that the result will be a lot of people ‘coming over to our side’ but it’s entirely possible it may go in the other direction. Sure, the Great Depression set a generation of Americans on a path of being better prepared, but it also created a generation of Americans who believed that government entitlements were a solution.
I can’t really know whats going to happen. But, I’ve always known what could potentially happen, and as a result I tried to give myself some advantages that would improve my resilience. Paid for house and vehicle, heavy emergency fund, etc, etc. So far I haven’t had to use the .50 BMG but I have had to use the $50 bills.
So, I continue to live my life as close to what I’m used to. I’ve always kind of lived like it could fall apart at any moment so there’s not much change for me. But sometimes, like when I saw chicken jump sixty cents overnight, the hair on the back of my neck stands up and I wonder if maybe I’ve been right all along. Guess we’ll find out. In the meantime, I’ll continue to observe and note the interesting ‘signs of the times’ that seem to be all around us these days and that we will look back upon later and marvel at.