5 ms·
Not who you asked, but the two biggest questions that I ponder along this line: (1) How can I preserve some of my savings in real assets so that they won't evap
by tbihl 10y ago
Not who you asked, but the two biggest questions that I ponder along this line: (1) How can I preserve some of my savings in real assets so that they won't evaporate when the bond market finally crashes and takes the dollar with it (probably a few crashes from now)? (2) Given the nature of just-in-time logistics and our complete dependence on trucks, will I be somewhere that I can limp along once oil hits a price that makes that all infeasible? Or will I be a sitting duck, waiting to die of hunger, thirst, or heat exhaustion? And (3) am I preparing myself with skills outside of work that will help me sustain myself when I have to work a little bit lower down Maslow's pyramid (first and foremost, maintaining fitness?) I don't work in programming at the moment, but my job ceases to exist if we lose our ability to have high-precision manufacturing and logistics chains spanning an entire continent.
- pjc50 10y ago"Be a Westerner" is quite a good place to start for all of those, nonetheless. I suspect the "decline" looks a lot like the intermittent de-industrialisation we've already been seeing. There are plenty of towns which have lost their key industry without replacement, so they're just kind of limping along. The burden of decline will fall mostly on those already at the bottom.