FerFAL has a very interesting post with a forty-five minute video.
Early in the video he makes an important point ... a very important distinction for those of us in the United States (because despite what reports are telling us, we really aren't in recovery). He says that the economic collapse in Argentina was not the end of the world, but it was the end of the life most Argentines had known up to that point.
When I talk about TEOTWAWKI (the end of the world as we know it), I'm making the same distinction. I have never thought that the events we are experiencing are a herald to the end of the Earth and the end of the human race. I don't think the world is going to blow up, and we're all going to die.
I do think that things are changing, and for those people who aspired for Robin Leach's champagne wishes and cavier dreams, the changes aren't going to be welcome.
I think we're all going to be poorer, and there will no longer be this hero worshipping of the people featured on the Lifestyles of the Rich and Famous.
The days of recreational shopping when we all needed at least one (fill in the blank with the name of some useless piece of cheaply made crap - probably manufactured in China) are over.
Things are changing, and slowly enough for most of us to react, but if we insist on holding onto the past, we'll end up clutching dust, and little else.
My family and I are prepping ... but not really.
What we're doing is simplifying. We're trying to learn to live with less money by paying off bills and by learning to do without a lot of stuff. In the future, money may become worthless, and, therefore, the less we need, the better off we'll be.
What we're doing is skill-building. In the future, replacing broken stuff with something shiny and new may not be an option, and so being able to make our own or repair what we have will be imperative.
What we're doing is following the advice: Do what you can with what you have where you are.
That's what we're doing.
How about you?