alokin wrote:Now it is quite sure that the economy melts down first and PO hits later. Did your preps change? Some month ago everyone thought that we soon won't be able to buy petrol but the crude price went unexpectedly down.
That tells me that any kind of predictions are more like possible scenarios and the economic crisis made things only more complicated.
We may buy heaps of food , because everyone told that it will be very expensive only to find out that with the stop of producing biofuels that food remains cheap. Others have stocked up petrol only to find that they spent twice the price on their stocks than it is worth now.
Anyhow, I stockpiled a bit of food as one can live without petrol but not without food.
Did you change your preps because of the low crude price and the financial crisis?
Not really. I continue to buy things that may be scarcer in times to come. I still worry that manufacturers of things I need -- pressure canner, canning jar lids, kerosene lanterns, etc -- may go out of business, just for different reasons.
On the plus side, assuming that at least one of my wife & I can keep a job and complete paying off the mortgage, some things may become cheaper for a time, while they're still made, and/or while people are yard-sale-ing their stuff to try to raise cash. Energy and commodities costs going down, and companies fighting to keep sales up.
On the minus side, I worry much more now about the likely high inflation we're going to eventually experience as the government throws trillions of dollars at the financial crisis. So, assuming that is what comes to pass, I think it's even more important to buy the necessary durable things now. But I don't want to drain savings to do it either, because if one or both of us loses our jobs, then we need that cash more immediately than we need preps.
--Steve
