Posts Tagged: Economy

Expand Your Skills in a Tough Job Market

As the economy continues its downturn jobs become scarcer, especially in the service sector. As of this writing the official jobless rate is 9.5% (we all know it probably double that) and June saw 467,000 job cut. This does not bode well for many, and in my opinion, for those whose skills lie solely in the field of the service sector. Those people have no really useful skills should business stop functioning or the tech sector fall apart.

How many today are unable to do simple repairs around the house or maintenance on their vehicles?

Expand your skills are learn how to do things. Carpentry, Masonry, Electrical, Welding, Vehicle maintenance, Gardening, Farming, Animal Husbandry, etc. The list can be huge. These are just things that sprang forth from the top of my head. It’s useful to know things, and with today’s access to information, there is no excuse not to learn and practice. It can seem daunting at first, but if you’ve been networking you’ve probably met those with skills that are willing to teach or coach you.

Take a look at the Preparedness Capabilities Checklist to get an idea of the skills YOU need or think you need to have.

Mike@PrepCast.info

I came across this from many of the medical oriented sites that I frequent.  It’s Something that has remained, to my knowledge, out of the main stream media while the AIG diversion is being paraded around.  Take a minutes to read the article.  Pay close attention to CBO’s report on an estimated Obama budget, it’s shocking.  The article also discusses the impact on health care and providers, and while many folks tend to see physicians and rich or well to do, they are taking hits in their income because of this. Medicare reimbursement is already dismal, further cuts only makes things worse.  This will affect out healthcare as doctors are forced to see more patients, in less time, and for less money.

Go, go, Obama!

“Irrational exuberance” over the chances for health care reform meet the budget realities.

The House and Senate Budget committees have begun work on the federal budget.

Last week’s CBO report estimated the Obama budget would:

  • Produce a nearly $9.3 trillion deficit over the next decade.
  • Generate annual budget deficits of nearly $1 trillion in each year from fiscal year 2010 to 2019.
  • Increase budget deficits to more than 4% of GDP each year over the next decade.
  • Double the national debt to 82% of GDP by 2018 (it was 8% of GDP in 2001).

Still stunned from that report, and under immense pressure from moderates in the Democratic party to cut spending, both the House and Senate Budget chairs have made it clear they intend to reduce the Obama budget and see the Congress proceed with health care reform following the pay-go rules.
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Just In Time inventory showing its weakness

I stopped by Walmart in my local area on a whim to check for ammo and I wasn’t surprised to find nothing more than shotgun shells and odd-calibre stuff.  An employee stopped my to ask if I needed help and we began talking about the ammo and shortages everyone seems to be experiencing.  The employee went further and told me about how they hadn’t even had a truck arrive the day before and how is caused all kinds of problems for the store and then pointed to the shelves and explained that while there was still much on the shelves, many of the common items had been spread around to take up empty space, while others were just plain out.

I thanked the employee for his time and took a stroll around the store to see this for myself, the guy was right, the shelves were spare or compeltely bare of some items.  Things that I noticed as being the most affected was ammo (of course), snacks items, beverages, food staples, frozen items, household (soap, laundry detergent, etc), stationary, and writing supplies.  I didn’t check the hygeine and personal care isles, nor did walk through the medication section.  A lot of this all fits into the catagory of common every day items we use.

What does all this mean?  regarding ammo, demand has been up for sometime and I wasn’t surprised to find little available.  As to the rest I’ll go out on a limb and assume for the sake of my argument that demand has remained steady.  So what’s the deal?  Well, it all comes down to supply and how that supply gets to stores to be sold.  If you remember Greg’s article about the Baltic Dry index, you’ll remember that shipping rates have essentially dropped to zero which caused large numbers of ships to be parked, This is because trade is down–no one is shipping anything.

All that brings me to my last point, Just-In-Time or JIT shipping.  The link can explain JIT better than I, but essentially it’s an inventory business model that brings goods to a store just as it’s needed, hence the terms Just-In-Time.  This system is all and good until you disrupt any part of the system.  A disruption in supply, demand, transport, anything will result is a rippling effect that can have far reaching results depending on the specific disruption.

Why do I prep?  The supplies that I need can very easily, in the space of hours, become unavailble.  It may be a minor inconveinence until supply is disrupted or transport is disrupted for anylength of time.  Demand skyrockets, prices skyrockets, people become desperate, desperate people do desperate things.

Right now we are seeing the ripples started months ago buy a drop of in trade (transport) because of a drop off in supply, and a decrease (world wide) demand.  Now things are becoming scarcer, it subtle now, but can easily and quicly become more pronounced.

Empty containers clog South Korean Port; Container ships sit idle; Idle container fleet grows.

Mike@prepcast.info

National Ammo Shortage

Glock Muzzle BrakeAuthor Bob Owens has written an interesting article analyzing the national ammo shortage.  Ownes makes three arguments and dismisses the military as the prime cause of the shortages.  Most of the blame is placed on Civilian law enforcement agencies, both local and federal.  As the level of militarization increases within these agencies their ammo consumption has risen to meet the demands.   Lastly, Owens makes the claim that it’s us every day people causing the shortage as spurred on by his last two arguments:  Economic instability and fear of draconian firearm and ammo legislation.

I can’t say that I disagree.  I do believe Civilian Law Enforcement is the major contributing factor in the rise of ammo prices over the years.  This is an industry that has had large growth over the last decade coupled with changing missions, something I do not agree with.  I don’t like the militarization of our Civilian Law Enforcement, it changes the focus from the community and that of service to that of a military unit conducting combat operations.  If the federal government would and had done its job, our law enforcement agencies wouldn’t have the need or justification to militarize to meet the increasing threats (percieved or otherwise) they are faced with today.

Owens argument about American’s fear is also spot on as far as I’m concerned.  People are scared.  Americans are currently faced with an administration and legislators that are as fervent about banning guns as fat kids get about cake, and our so-called “checks and balances” are essentially nonexistent because of the current political make up of the above mentioned.  It’s a ploy, brought in under the flag of safety and well-being.  Do not be fooled, it’s nothing more than another piece of the puzzle designed to erode our rights and freedoms.

People see the writing on the wall, they see the strong likelihood of loosing the ability to purchase, posses, and use firearms.  People also see the economic instability and envision what it could become.  It’s also impossible to watch the government fixes and measures designed to fix and stimulate the economy being done so badly that it inconceivable that it’s anything but deliberate.   I liken it to someone painting over rusted metal and hoping that the rust will go away.  I’m so frustrated that I feel like pulling my hair out.

I hope I’m not right

Mike@prepcast.info

Fun financial stuff (yah, that’s gallows humor)

Even though it’s not mentioned much in the news any more, bank failures are still happening. As we mentioned in the podcast, the FDIC maintains a bank watch list, to help identify banks that are in danger of failing. Unfortunately, that’s not for public distribution – reason being of course, if you find out that your bank is on a failure watch list, you’ll immediately pull your funds out, and we can’t have that now, can we? (Do you ever get the feeling that the FDIC isn’t really into helping out the customers of the banks, but the banks themselves?)

So, the FDIC list isn’t going to be found here. I mis-spoke. Mea Culpa.

Greg is a Beeg Dummy.

However, there is hope in figuring out what bank, thrift and loan, and credit union is doing what.

The answer, of course, springs from the private sector. There are plenty of companies out there that will be more than happy to give you an assessment of a financial institution. For a fee, of course (hey, it’s private sector! Capitalism, baby!) But with enough digging, we’ve found a few sources that are free assessments, and the sites they’re on are worth bookmarking in whatever browser you’re using. (more…)

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