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Read About: Money and The Kipawa River, Whitewater Ontario,Les amis de la rivière Kipawa,The Proposed Tabaret River diversion project, Northern Ontario Liquid Adventurers,Canadian Rivers Network The viewpoints and opinions expressed here are those of the author and are not necessarily those of Whitewater Ontario or Les Amis de la Riviere Kipawa. Those groups did not vet these comments and would not likely endorse the views expressed here or the manner in which they have been expressed.
Friday, November 9, 2012
Tuesday, November 6, 2012
Preparing for Financial Disaster - A bit like Hurricane Sandy
There is a financial catastrophe in the forecast.
We all know it's coming - but we don't exactly know when. Central bank money-printing policies – combined with poor government fiscal restraint – produced a debt bubble that cannot be inflated forever. It is going to implode. When it does, it'll make the 2008 financial crisis seem insignificant.
Debt implosions in Latin America, Greece, Italy, and Spain provide some insight.
Credit markets shut down so that one may not borrow money. Without credit you can't buy anything. Banks limit money supply. Government confiscates your money or limits your ability to access it.
Government employees walk off the job when the government isn't able to pay them. Services are reduced or eliminated completely.
Vital services like electricity, water, and sanitation are restricted or shut off completely. Gasoline is rationed. Food becomes scarce. And medical supplies and services are limited.
There's some sort of financial implosion/storm heading our way. It's like a giant hurricane on a weather map. "You don't need a weather man to know which way the wind is blowing."
Put together a "disaster kit". Enough fresh water and canned foods will likely get you through several days of hardship. And keep a fair amount of cash on hand as well. But that is a temporary solution.
To protect yourself and your family - start building relationships with your neighbors, build resiliency within your community, shovel your neighbor's walk, pick up trash, hold a block party, and garage sales. You'll need each other to make things easier for everyone.
Learn how to garden, buy a community generator, get some solar panels, learn a trade or craft.
When the storm hits, it won't be too late, we all have to go sometime, but if you have prepared yourself and your neighbors you'll have a chance to live, albeit more modestly.