Hardship is Coming

 

The first round of record oil prices earlier this year burnt through oil reserves of many countries and also through the financial buffers of many people and companies.

This round?

It will break people.

In the 1970's the world oil markets were sent into major shock, because the US chose to support Israel over all the Arab oil producing countries, after they demanded Israel surrender land it took in a war. So, those countries strangled the world of oil. This started the fuel efficiency and green energy target movements. Rather than stay out of Middle Eastern affairs, the US decided to back its greatest ally and try to invent new technology instead of humbly accepting it did not rule the world. The whole world suffered as a result. There was mass inflation in the West, mass starvations across the third world, and industry after industry died and was offshored because energy became too expensive for things to be made in the West. Because the US used its power the way it did.

Now it is doing something very similar.

Fuel prices were dropping just a couple of months back. But then the war was re-escalated. Now we are all paying the economic price for the hubris of one country believing it has the right to determine what should happen far away from its borders.

I have been encouraging people to prepare cheaper transport, and pay down debt, as this war was always destined to escalate. This stupid, unnecessary, and completely avoidable war, is going to strangle many places of the basic resources they need to function.

Hence, much of how we lived will now be stripped away, by pure cost. Are you prepared to cut back? Have you been preparing? Are you ready to help others?

We can't change what foolish leaders in charge of foreign governments do. We can't get through the thick skulls of the religiously retarded ON BOTH SIDES that support this war because of bad theology and bad religion. We can't even look forward to good, responsible government from our own national leaders, as they have been working hard to make us exposed to this exact sort of problem, and have ignored every warning that this kind of energy crisis was inevitable.

But we can cut back and prepare to help people around us. Both these approaches will be increasingly important in coming months.

Are you prepared for coming economic hardship, because I believe we are about to see economic problems really escalate.