Looming jobless

LOOMING JOBLESS
Do you have a plan for when you lose your job and there aren't any to replace it? I can foresee where their are no jobs at all to replace it, not even those paying 20%. Yes, I could be full of ****. I could be screaming that the sky is falling. Some believe the bankers are just playing us, getting even more of our money than before. It's all a plot by the socialists to nationalize the economy and make the Muslim In Chief supreme dictator for life. I'm being sarcastic, but that scenario is no more far fetched than forecasting the imminent collapse. As in everything you hear or read, you have to make your own decisions as best you can on incomplete information. My standard response is always to panic. It doesn't penalize you as much as inactivity when you are wrong.
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What are you going to do when your job evaporates? If you thought you had it bad with Chinese competition for the last fifteen years, how bad do you think it's going to be when they start suffering from idle factories and cut prices even lower? Detroit couldn't cut their costs if you gave them preassembled cars for free. Most of their costs are medical and pension. China has no such burden. The Japanese could sell below cost to capture the market, and did. China did the same thing ( one example- vitamin C production went 90% or so to China, then the prices doubled ). I'm not saying they will jack up the price because they can, rather they can lower the cost when they must.
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At times I entertained the notion that once my child support payments were up I could move to east Texas and live at my lot there in a trailer. All I would need was food. Since the jobless rate there is twice the national average, odds were good I wouldn't find a job and I could get Food Stamps. I could be a slacker the rest of my days. Anymore, forget that strategy. I don't trust the government to stay solvent anymore. I hope that is not what you are planning, depending on a government handout. Social Security, welfare, whatever. They are not as good of a fallback position as they once were. Zimbabwe has shown you can have multiple million dollar inflation and not fall apart right away. But we are not peasants planting bananas on a jungle plot. Our society is 100% reliant on oil for every activity. We could weather inflation. We won't weather the down side of Peak Oil.
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Junk land is not the answer for everything. Most waited too long for that. So you had better have a secure place to go, at least. A mortgage free piece of land with friends or family. A squat location no one else is aware of. Something. A casual perusal of the news daily will tell you the economy is contracting severely. Local governments are having budget crisis'. Nevada saw a 25% decline in gaming revenue. Even the whorehouses had a rough patch. No job is safe. They pay people to dream of ways to eliminate your position. Off the top of my head, even cops. Say, half the patrolman and then each trained officer supervises his new partner a minimum wage security guard. Sound far fetched? What until your county sees housing values and property taxes cut in half or worse. Then see if someone tries it.
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Quality companies are seeing drastic sales reductions, such as Sony and Toyota. An American company doesn't compare, so should fair worse. And even good companies such as Google will see revenues decline as everyone has less credit to play with. I run a food bank single handed for near minimum wage. I don't think my job is safe. At any time the Feds could decide to ax funds to this industry. I don't even feel safe here in Elko. Sure, better off than most with gold production. But not 100% secure. We will still see bruising even if this was all just a recession. Which it isn't. If you want my advice, sell everything not nailed down or that won't keep you alive in a collapse. Buy preps like crazy and secure a place to hunker down. I would even sell my semi's. Obama Panic is ripe. You can smell it in the air. Sell your gun toys and those suddenly appreciated magazines. Buy more sensible bolt actions and revolvers and use the difference for food and shelter. Obama might go ahead with a ban. You might as well profit from it instead of having it cost you. Again, as always, panic now. One day I'll be right and you don't want to be dead because you waited too long.
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