Our motto here at Peak Prosperity is we’d rather be a year early than a day late.
What we mean by this is that, by the time the general masses catch on that something is wrong, it’s too late to do much in the way of preparing.
At least responsibly.
Preparing before a true crisis hits is our very definition of being a responsible adult.
Making a mad grab for supplies after a crisis has hit is our definition of being an irresponsible hoarder.
Those who have the curiosity necessary to foresee a crisis in advance and the means to prepare beforehand have the responsibility to do that. Or to accept their fate and get by on whatever their fair allotment is of hard-to-obtain items.
Venezuela's Lesson
Looking at Venezuela's developing story, we find long lines of people who are finding themselves a day late. Many of them are now buying whatever they can get their hands on, and this is making the situation worse.
To be clear, I completely understand the impulse to buy as much as you can when inflation is raging. But I also think it's a fine line between actions that make sense personally, but are collectively harmful.
I am not implying that all of the people now standing in lines in Venezuela are guilty of harmful behavior. As long as they are simply queuing for whatever reasonable allotment of stuff is available, then that's fine.
However, anybody standing in line with the intent of cleaning out whatever supplies they can personally afford without regard for the people behind them in line does indeed fit our definition of an irresponsible hoarder.
by davefairtex 
