What's Your Economic Doomsday Plan?
pic credit: the fabulous Zina Saunders
Now that the Fed has proven that they're bringing out the only guns they've got left and don't care if they take the dollar out in the process, regardless of how much slack they claim is in the economy we can pretty much bank on that doomsday many of us have been waiting anxiously to see. I say anxious but mean that I've been sitting here figuratively polishing my gold waiting for the bottom to fall out of a market that appears infinitely capable of surviving via manipulation. The bottom should have dropped out in March of 2009 but here we are with a 11,000 DOW. Granted, a large part of that 11,000 DOW has to do with the relationship of stocks to the dollar, whereas a pathetic dollar means better equity prices but let's not get technical at a time like this. 28,000,000 DOW!!
As a public service, I'm here to remind all of you that now is the time to get your house in order. No, I'm not going to launch into the same grab your guns and guard your gold! rant that you've heard by now. Instead, I'm talking about trimming discretionary vices now before it hurts and you've got to do it cold turkey.
If you smoke cigarettes, trust me, economic collapse is going to be WAY stressful and the first thing you're going to want to do is chain smoke when you realize you won't be able to eat for a week. The fact that you're going to be forced to quit anyway once cigarettes are $23 a pack (not including taxes and if the government is still hanging around trying to squeeze blood out of a turnip when the shit hits the fan, you better believe sin is going to be first in their sights) should be inspiration to taper down now, slowly, and get de-viced ahead of the blizzard of bad that is about to befall us all. JDA needs to take her own advice and is slowly but surely working on it, having cut down significantly and worked out a plan to put the $6 a day pack habit money into a savings account that will be promptly blown on some useful tangible item (I call this survival method "investing in personal PP&E" or dumping dollars on useful items before the dollars themselves won't buy anything) once I quit completely. Getting there.
If you slurp down tons of coffee, now's the time to evaluate your coffee habit. There may be a Starbucks on every corner today but there's no guarantee that you'll be able to get your hands on even the worst chickory when things go horribly awry. Again, perhaps yours truly needs to take her own advice before she goes dishing it out but let's let that one go. Coffee has already been hit by the financial crisis (call it a coffee shortage, I don't buy it) and before you know it, a double latte will run you $47. And that's for a tall. Break the caffeine habit now while you still have control over how quickly you need to withdraw, you don't want to be jonesing when a can of Folgers is $77.
If you're addicted to junk food, fast food, or anything else that goes in your mouth that you can't grow out of the ground, or worse, don't even know how to grow things out of the ground, now is the time to ditch the bad food habit and figure out that water + sun + love = food. We've allowed our souls to be crippled by the debt machine, there's no reason to let it also cripple our bodies. As we all know, America has a reputation for being a bit, uh, chubby. How fast do you think you can run when you've got to flee from the urban jungle once mayhem hits? That's what I thought. Fix it now, you still have time before the bottom actually drops out.
My last suggestion is to deglut. Disconnect from all of the crap that doesn't really make you any better of a human being. If you're addicted to shoes and clothes, you're going to be the first to hang yourself when the shit hits the fan and you've lost "everything". The earlier you can get over the concept of your "everything" being whatever is hanging in your closet the better off you will be when "everything" is vaporized. Of course there's something to be said for having a safe place for mementos but assuming there will at least be power (hell, it's only total economic meltdown, not zombie invasion right?), a portable hard drive will do a better job of preserving your photos than boxes upon boxes of photo albums that you might end up having to leave behind. Just sayin.
The day of reckoning will come, probably not tomorrow and probably not next week. It might not even come in 2012 but it's coming and since there's nothing to be done at this point to stop it, it would be wise to at least prepare for the worst as if it were scheduled for tomorrow.