My thoughts on the economy, and length of recession...
I think we've only seen the tip of the iceberg.
I predict some sort of global conflict, as countries like China begin to collapse upon themselves, and find their only solution is to "war" their way out of financial ruin.
I fear a global military conflict a LOT more than I fear an economic depression.
History has shown that winning wars can eliminate international debt while fueling local economies as the Gov't procures necessities.
Very sad but also true, war can end debt,get rid of excess males, although Russian version of them running away is not documented as much I assume that happens too.
Everyone is concentrating on this winter, but this fuel issue is sparking a massive knock on effect.
higher fuel = well higher fuel but then leads to high harvest costs higher delivery costs higher manufacture mining growing costs higher inflation people at the financial edge striking for higher money to keep their heads above water although others just cash in which leads to higher pay and inflation, house price depression and those who rely on their houses as their primary cash source inc retirement see that melt away then recession becomes depression then unrest as more people hit poverty linked goods such as oil which are finite drop production because they can ask more money for less goods our markets are poorly linked making this happen faster and then yes someone somewhere is then so cash strapped that going to war becomes economic sense I agree I think this is the tip.
We were cash rich and have moved cash to solar energy for summer and some spring autumn and a little winter
until this year the wood burners were not economically viable and had we done it last year it would have cost less bu is what it is
so r woodburners later this month will help heating and cooking for winter some spring autumn and hopefully not summer unless the grid is down
we have our own wood supply but it needs drying, next summer we can use excess solar to help dry wood. The Tesla ev draws the solar and as we get FITs feed in tariff, production,self usage and export deemed as 50 percent production, we wanted a car and a cybertruck but the cybertruck is still a pipe dream so we order a Y, basically as a holding spot for our cash as if prices increase we did not want to pay more, and the 3 is worth a good amount traded in and if the cybertruck arrives and the European version is worth it we then have to decided which to trade in probably the y, due to shortage of ev the trade in is great in fact some people order them then sell them when they arrive making a profit! I have improved my pantry, my seed collection, we got the large polytunnel which can either grow food or dry and store wood, wood economically likely makes more sense, we have no debts, and retain a buffer zone, but the pensions have taken a whack in the last month, hopefully that will steady thank you British government not, and we invest in clothing outdoors camo inc for summer,spring,autumn, and winter down to -30 deg and wet kit, I keep a good medical kit we have both had training and I retain my old training book for back up, I can can goods, we have bees, and have goats and ducks but frankly they are an expensive luxury once we are retired they will likely drastically reduce or stop altogether, we are not in a town, we were fairly inconspicuous the solar Ararat on the roof barn sticks out like a sore thumb, but the bungalow is low lying and both my kids are unlikely to be called up, yep it worries me, I do not let it lose me sleep but I am careful, I am not a posh shoe
nice handbag
type of person nowadays anyway, after the ankle and knee good walking
boots are more my scene, I would not bug out I would bug in, unless a Nuke forced it, and I have rucksacks
just in case, I could obliviously read romance or sci fi but I look at self sufficiency goodies, because they have potential once we are on pensions and we then guard against things like the massive fuel costs.
Oh and EU may have seriously overpaid costs this year , drowning us all in debt in the process, to fill up the gas reserves, but the Russian fuel is now sanctioned and others as we have seen plan to cash in not provide a cheap alternative, so if this continues in any shape to next winter, it is going to be a serious disaster so plan ahead. We are thinking if push comes to shove his job collapses we have 2 EVs that can potentially be used for deliveries or taxis or whatever or a cheap means to take us to place of work.We could use the tractor to plough up the land but experienced farmers are getting hammered by the weather etc, a nice quiet easement into a safe pensionable age, yeah well I am not certain that is on the books.depressed not yet, but oblivious to a potential depression no I am not. Sticking my fingers in my ears and humming won’t help.
. Not building a bunker any day now, either although thinking maybe we should have when we built the extension. Sighs.