by
Aaron M
Aaron submitted this post prior to the recent disaster in Japan. As we are now being educated in real-time as to the value of developing preparedness in advance of calamity, the guidance below becomes even more relevant. This article complements Aaron's earlier "Practical Survival Skills 101" posts on fire, water, and shelter.
Preface: What is an emergency?
There is an awful lot of academic banter in which we try to “identify” emergencies before they happen. Pedantic issues are categorized and specifics are assigned to them as potential resolutions. This is not a “flawed” approach, but it’s endemic in the American mindset, which is obsessed with micromanagement.
In order to distance ourselves from the details, which are too stochastic and specific, we can generally state that an emergency is a shortage of resources.
Resources can be defined as:
Practical Survival Skills 101 – Understanding Emergencies
by Aaron MAaron submitted this post prior to the recent disaster in Japan. As we are now being educated in real-time as to the value of developing preparedness in advance of calamity, the guidance below becomes even more relevant. This article complements Aaron's earlier "Practical Survival Skills 101" posts on fire, water, and shelter.
Preface: What is an emergency?
There is an awful lot of academic banter in which we try to “identify” emergencies before they happen. Pedantic issues are categorized and specifics are assigned to them as potential resolutions. This is not a “flawed” approach, but it’s endemic in the American mindset, which is obsessed with micromanagement.
In order to distance ourselves from the details, which are too stochastic and specific, we can generally state that an emergency is a shortage of resources.
Resources can be defined as:
by
rhare
Given its simple elegance in addressing a question frequently asked on this site, this post has been elevated from the forums section. It has been updated by site members rhare and travlin since its first appearance (the original post can be read here).
I've been working on a way to get across to friends and family how bad the economic situation has become. I find one of the biggest problems is that when numbers are in the billions and trillions they are very hard to imagine, and people get this glazed/deer in the headlights look. So I decided to try to scale the numbers in a way that can be more easily visualized.
Below is an updated version, with many thanks to members of PeakProsperity.com community who suggested changes/corrections, and particularly to Travlin for rewording much of the message to make it a better story. Hopefully this version will help convince others of the serious nature of the US fiscal outlook.
My Troubled Relative
I need your advice. I have a relativewho is in financial trouble. He makes $50,000 a year, but he spent $74,591 last year, and his prospects of making $50,000 this year look kind of bad. There's a good chance he will get a pay cut.
How to Explain the Current Economic Situation to Friends & Family
by rhareGiven its simple elegance in addressing a question frequently asked on this site, this post has been elevated from the forums section. It has been updated by site members rhare and travlin since its first appearance (the original post can be read here).
I've been working on a way to get across to friends and family how bad the economic situation has become. I find one of the biggest problems is that when numbers are in the billions and trillions they are very hard to imagine, and people get this glazed/deer in the headlights look. So I decided to try to scale the numbers in a way that can be more easily visualized.
Below is an updated version, with many thanks to members of PeakProsperity.com community who suggested changes/corrections, and particularly to Travlin for rewording much of the message to make it a better story. Hopefully this version will help convince others of the serious nature of the US fiscal outlook.
My Troubled Relative
I need your advice. I have a relativewho is in financial trouble. He makes $50,000 a year, but he spent $74,591 last year, and his prospects of making $50,000 this year look kind of bad. There's a good chance he will get a pay cut.
by
Chris Martenson
The Coming Rout
Tuesday, March 8, 2011
Executive Summary
- Further evidence that a Fed quantitative easing stoppage in June is likely
- Implications such a stoppage will have on stocks, commodities, bonds, and precious metals
- Why this will be more damaging to the economy than the 2008 correction
- Will the Fed eventually resume quantitative easing?
- Three alternatives to watch for that could prevent the coming rout
- How to hedge against the predicted rout
Part I: Why Things Are About To Get Turned Upside Down
If you have not yet read Part I, available free to all readers, please click here to read it first.
Part II: The Coming Rout
There are a few things that make the prospect of a Fed quantitative easing (QE) stoppage more likely.
The Fed Notices Inflation
Using a flashlight, a map, and both hands, the Fed managed to find something:
Fed Finds Climbing Costs Hit Shoppers
March 3, 2011
Many manufacturers are passing along higher input costs to their customers, a sign that rising prices for wheat, cotton, iron, and other commodities could increasingly reach consumers in coming months, according to the Federal Reserve’s beige book survey.
The report, a summary of economic conditions across the central bank’s 12 regional districts, said manufacturers “in a number of districts reported having greater ability” to pass through higher costs. “Retailers in some districts mentioned they had implemented price increases or were anticipating such action in the next few months,” the Fed said.
It’s good to see that the Fed is at least dimly aware that price inflation is in the pipe and coming soon to a market near you. The rest of the world has had no such difficulties in detecting inflation, especially on news like this:
The Coming Rout
PREVIEW by Chris MartensonThe Coming Rout
Tuesday, March 8, 2011
Executive Summary
- Further evidence that a Fed quantitative easing stoppage in June is likely
- Implications such a stoppage will have on stocks, commodities, bonds, and precious metals
- Why this will be more damaging to the economy than the 2008 correction
- Will the Fed eventually resume quantitative easing?
- Three alternatives to watch for that could prevent the coming rout
- How to hedge against the predicted rout
Part I: Why Things Are About To Get Turned Upside Down
If you have not yet read Part I, available free to all readers, please click here to read it first.
Part II: The Coming Rout
There are a few things that make the prospect of a Fed quantitative easing (QE) stoppage more likely.
The Fed Notices Inflation
Using a flashlight, a map, and both hands, the Fed managed to find something:
Fed Finds Climbing Costs Hit Shoppers
March 3, 2011
Many manufacturers are passing along higher input costs to their customers, a sign that rising prices for wheat, cotton, iron, and other commodities could increasingly reach consumers in coming months, according to the Federal Reserve’s beige book survey.
The report, a summary of economic conditions across the central bank’s 12 regional districts, said manufacturers “in a number of districts reported having greater ability” to pass through higher costs. “Retailers in some districts mentioned they had implemented price increases or were anticipating such action in the next few months,” the Fed said.
It’s good to see that the Fed is at least dimly aware that price inflation is in the pipe and coming soon to a market near you. The rest of the world has had no such difficulties in detecting inflation, especially on news like this:
by
JAG
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