Daily Digest

Daily Digest 9/30 - The Erosion Of Civilizations, Global Currency Wars Escalate, Southwest Water Use In Jeopardy

Thursday, September 30, 2010, 9:45 AM
  • Stan Druckenmiller is Leaving
  • Treasuries, Stocks, Gold Climb on Speculation Fed to Boost Debt Purchases
  • The Donkey in the China Shop
  • Marc Faber: The Fed Is Creating Dangerous Bubbles Around The World, And Stocks Will Tank In October
  • Civilization's Foundation Eroding Plan B 4.0
  • Bank of England's Adam Posen Calls For More Quantitative Easing
  • Capital Controls Eyed As Global Currency Wars Escalate
  • Global Debt And Parallel Universe
  • Technology The Showcase As Energy Remains The Cornerstone
  • Iraq to Announce Big Rise in Oil Reserves Monday
  • Rell Signs Deal To Help Bring Electric Cars To State Roads
  • Study: Global Warming, Energy & Food Shortages, Recession To Cause 'Industrial' Failure In 10 Years
  • Water Use in Southwest Heads for a Day of Reckoning

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Economy

Stan Druckenmiller is Leaving (cmartenson)

The New Normal has a new set of rules. What once pumped asset prices and favored the production of paper, as opposed to things, is now in retrograde. The hard cold reality from Stan Druckenmiller’s “old normal” is that prosperity and overconsumption was driven by asset inflation that in turn was leverage and interest rate correlated.

Investors are faced with 2.5% yielding bonds and stocks staring straight into new normal real growth rates of 2% or less. There is no 8% there for pension funds. There are no stocks for the long run at 12% returns

Treasuries, Stocks, Gold Climb on Speculation Fed to Boost Debt Purchases (cmartenson)

Treasuries rose, sending five-year yields to the lowest since 2008, while U.S. stocks gained and the dollar slid as investors speculated the Federal Reserve will increase purchases of debt to safeguard the economic recovery.

The Donkey in the China Shop (pinecarr)

For a balanced view of the American-Chinese dispute one has to see clearly that if China caved in to American pressure, as did Japan before her, then China would agree to the embezzlement of her savings held by America, bankers to the world. China is a proud country and will never allow herself to be humiliated and short-changed in this way.

Marc Faber: The Fed Is Creating Dangerous Bubbles Around The World, And Stocks Will Tank In October (pinecarr)

The original merchant of doom Marc Faber has a good, wide-ranging interview with the Economic Times of India.

For US investors, he argues that bullishness has come on too fast, and that the pain we haven't felt in September has merely been delayed until October and November. And he also warns that the ramifications of Fed printing will be felt in unexpected ways around the world”

Civilization's Foundation Eroding Plan B 4.0 (Davos)

In a section of his report entitled “The Hundred Dead Cities,” he described a site in northern Syria, near Aleppo, where ancient buildings were still standing in stark isolated relief, but they were on bare rock. During the seventh century, the thriving region had been invaded, initially by a Persian army and later by nomads out of the Arabian Desert. In the process, soil and water conservation practices used for centuries were abandoned. Lowdermilk noted, “Here erosion had done its worst….if the soils had remained, even though the cities were destroyed and the populations dispersed, the area might be re-peopled again and the cities rebuilt, but now that the soils are gone, all is gone.”

Bank of England's Adam Posen Calls For More Quantitative Easing (pinecarr)

The Bank of England should restart the printing presses and pump more money into the economy to prevent a "lost decade" of low growth and high unemployment, one of its senior policymakers Adam Posen has said.

Capital Controls Eyed As Global Currency Wars Escalate (pinecarr)

Stimulus leaking out of the West's stagnant economies is flooding into emerging markets, playing havoc with their currencies and economies.

Global Debt And Parallel Universe (Jason G.)

found this write up today while I was doing some research and it appealed to me (even though it was written more than a decade ago) as it began to describe the delusion that this debt bubble has over the world's population. It is almost a philosophical problem as opposed to an economic problem. The math involved is not difficult to understand and yet it seems that very big problems in our system have been allowed to fester under the surface while the world's population has continued to live in ignorance. As Dr. Bartlett has said, "the biggest shortcoming of the human race, is our inability to understand the exponential function." The truth in this statement is best represented by the global debt markets. When global debt (private + public) is in excess of 300% of world GDP it is probably safe to say: Houston, we have a problem.

Energy

Technology The Showcase As Energy Remains The Cornerstone (pinecarr)

Trade between Russia and China is heavily weighted towards energy. The world most populous and fastest growing country is hungry for power, and Russia has plenty of it.



But the point of contact lies not only in oil and gas. Chinese companies are investing in manufacturing in Russia, such as Thunder Sky Corporation joining with Rusnano to build a half billion dollar plant in Novosibirsk to produce batteries for electric cars and buses.

Iraq to Announce Big Rise in Oil Reserves Monday (Adam T.)

Iraq will announce on Monday a "big increase" in its oil reserves, currently 115 billion barrels, a spokesman for the oil ministry said on Thursday.



Iraq's crude reserves are the world's third largest but its production lags. The government has signed a series of deals with oil majors to ramp up output capacity to about 12 million barrels per day from around 2.5 million bpd now.

Rell Signs Deal To Help Bring Electric Cars To State Roads (joemanc)

Under the deal, the state is agreeing to consider sales tax breaks, parking discounts and perhaps exemptions from some traffic laws for buyers. NU and Nissan are pledging to help establish a network of battery-charging stations throughout the state.

Environment

Study: Global Warming, Energy & Food Shortages, Recession To Cause 'Industrial' Failure In 10 Years (David H.)

Authored by international security analyst Dr. Nafeez Mosaddeq Ahmed – Executive Director of the IPRD and Associate Tutor at the University of Sussex School of Global Studies – the study is the first systematic review of data, evidence and theory across physical and social sciences, including academic research and industry reports, assessing the connections between different global crises including the danger of violent conflict. Former UK Environment Minister (1997-2003) Rt. Hon. Michael Meacher MP described the study as “the first book to systematically explore their interconnections... within a single comprehensive narrative... a very worthwhile read for policymakers everywhere.”

Water Use in Southwest Heads for a Day of Reckoning (cmartenson)

For the first time, federal estimates issued in August indicate that Lake Mead, the heart of the lower Colorado basin’s water system — irrigating lettuce, onions and wheat in reclaimed corners of the Sonoran Desert, and lawns and golf courses from Las Vegas to Los Angeles — could drop below a crucial demarcation line of 1,075 feet.

Article suggestions for the Daily Digest can be sent to [email protected]. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the "3 Es."

24 Comments

saxplayer00o1's picture
saxplayer00o1
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Re: Daily Digest 9/30 - The Erosion Of Civilizations, ...

"DUBLIN (Dow Jones)--Ireland's financial crisis loomed large again Thursday as the government said additional costs of propping up the country's banks could stretch its government budget deficit to nearly a third of the country's total economy -- a record for any eurozone member.

The Central Bank of Ireland announced early Thursday that the state-owned Anglo Irish Bank Corp., Ireland's most troubled financial institution, will need total capital of EUR29.3 billion and then an additional EUR5 billion in a "stress scenario."

The central bank also said Allied Irish Banks PLC (AIB) will need an additional EUR3 billion by year-end. It was originally charged with raising EUR7.4 billion in capital by the end of 2010. Lenihan said the state will become the majority shareholder in the bank."

"MADRID (MarketWatch) — Moody’s Investors Service became Thursday the last of the three big ratings agencies to downgrade Spanish sovereign debt, cutting the rating to Aa1 from Aaa, with a stable outlook.

Moody’s cited weak growth prospects, a “considerable deterioration” in government finances and worsening debt affordability as key reasons for the downgrade.

The move, though widely expected, comes a day after the first general strike for the country since 2002, with thousands of protestors taking to the streets across the country to protest austerity measures. "

"PARIS (Dow Jones)--France's public-sector debt grew sharply by the end of the second quarter to EUR1.592 trillion, representing 82.9% of gross domestic product, as lingering economic stimulus spending from the recent global recession and expenditures for social programs, especially due to high unemployment, swelled government expenditure.

The closely watched debt-to-GDP ratio was bigger than the 80.4% at the end of the first quarter and substantially above the 74.2% at the end of last year's second quarter. But that increase had generally been expected. The government Wednesday published its draft 2011 budget, which sharply narrows the public-sector budget deficit, but leaves debt-to-GDP ratio around current levels.

The debt data were published under the so-called Maastricht guidelines regulating debt in the European single currency zone. The Maastricht rules call for euro-zone members to keep their public debt at 60% of GDP or less. However, most euro-zone countries are well beyond that level due to heavy stimulus spending during the recession."

"SAN FRANCISCO (MarketWatch) -- The Bank of Japan is even more likely to ease monetary policy at next week's board meeting, following the release of a September tankan survey showing concern among businesses about the country's economic outlook, according to a report published Thursday. The Nikkei business daily reported that the central bank could "boost its ceiling for the fixed-rate funds it loans to financial institutions from the current level of 30 trillion yen." Further easing of monetary policy has been called for to help stop the yen from strengthening sharply against the U.S. dollar."

"The expense of caring for veterans of the Iraq and Afghanistan wars is an unfunded budget liability for U.S. taxpayers that in years to come will rival the cost of entitlement programs such as Social Security and Medicare, lawmakers will be told Thursday.

The House Veterans' Affairs Committee will hear new estimates of the cost of lifetime medical care and benefits for returning troops disabled by their service — a total of more than $1.3 trillion.

"It's somewhere between Medicare and Social Security in terms of its potential impact" on the budget, said Rep. Bob Filner, California Democrat and committee chairman.

"This is another entitlement that we have committed ourselves to that is going to break the bank unless we deal with these issues as soon as possible," he told reporters."

.........................5A) Study: vets' health costs could top $900 billion

"WASHINGTON, D.C. — More people signed up for Medicaid last year than at any time since the program's inception, as the recession wiped out jobs and workplace health coverage.

A report released Thursday by the nonprofit Kaiser Family Foundation found that enrollment in the low-income medical insurance program jumped to more than 48 million. With the economy barely improving, states are forecasting a 6 percent increase in the rolls next year, meaning another strain on their cash-depleted budgets.

Nearly 6 million people have signed up for Medicaid since the start of the recession in December 2007, according to Kaiser. Starting in the fall of 2008, the federal government provided more than $100 billion in additional Medicaid funding to the states to help cover growing numbers of people in need. The last of that money will run out in June of next year, and states are still likely to be strapped."

"HARRISBURG -- State spending increased at nearly twice the rate of inflation since 2003 when Gov. Ed Rendell took office, and the state's financial situation could worsen dramatically next year, Auditor General Jack Wagner said Wednesday.

The state budget grew about 33 percent, from $21 billion to $28 billion, during Rendell's tenure as the Consumer Price Index rose about 18 percent, Wagner said.

As a result, the Legislature and the next governor "face the worst fiscal crisis in our history" when they craft a 2011-12 budget next year -- one that could have a deficit of as much as $5 billion, said Wagner, a Democrat like Rendell."

"(Reuters) - The Portuguese government is in talks with Portugal Telecom (PTC.LS) to transfer the company's pension fund assets to the state in order to help reduce the budget deficit this year, government officials and the company said on Wednesday.

Finance Minister Fernando Teixeira dos Santos said the transfer, which the government expects to achieve in 2010, would mean revenues of 2.6 billion euros for state coffers."

"(Reuters) - Nearly one in every four U.S. homes sold in the second quarter was a deeply discounted foreclosed house, putting the market on pace to work through distressed properties in about three years, RealtyTrac said.

Banks stepped up foreclosures through the summer and will take over a record 1.2 million homes this year, up from around 1 million last year and about 100,000 in 2005 before the housing bust, according to a forecast from the real estate data company.

Foreclosed homes accounted for 24 percent of all second-quarter sales, at an average price discount of more than 26 percent compared with homes not in the foreclosure process.

"This is the kind of volume of activity that we need to see for the market to heal," RealtyTrac senior vice president Rick Sharga said in an interview."

.......................9A) S&P: $460B Shadow Inventory Will Take 41 Months to Clear

  • Other news and headlines:

US stimulus to worsen capital overflows-Brazil c.bank

Japan sold 2.125 trillion yen in Sep. intervention

JPMorgan Halts Some Foreclosures on Procedural Worries

Senate Passes $1.25 Trillion Bill To Fund Federal Government Through Dec. 3

ECB Lends Banks 29.4 Billion Euros to Smooth Loans

Postal Service hitting billions in losses, hoping for rate hike

Austrian public deficit exceeds EU limit: official data

German public sector deficit rises slightly in H1

Budget Could Be Worse Next Year (Michigan...$1.5 billion deficit..News video)

France could suffer downgrade, says GLG manager

Medicare Prescription Prices Expected to Rise

State Medicaid cuts 'devastating' (Washington)

Berkeley County School Board struggles with financial woes (SC)

Europeans protest, strike against austerity moves (Video)

DRHolden's picture
DRHolden
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Iraq to Announce Big Rise in Oil Reserves Monday

The link above was not correct.  Here's one that does work

http://af.reuters.com/article/energyOilNews/idAFLDE68T0WY20100930

 

barrt's picture
barrt
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Re: Daily Digest 9/30 - The Erosion Of Civilizations, ...

I dont want to frighten you guys but....

http://www.snapscouts.org/

It's up to you to keep America safe! If you see something suspicious, Snap it! If you see someone who doesn't belong, Snap it! Not sure if someone or something is suspicious? Snap it anyway!

I think I'm going to be sick..... and then I'm going to move to Angola.

Peace and privacy to you all, amigos.

 

Full Moon's picture
Full Moon
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Re: Daily Digest 9/30 - The Erosion Of Civilizations, ...

 OH my Gosh ,  BARRT ,      Teaching the little ones to tattle ... what next !!   Guess it goes right along with them taking the kiddos away from their parents as early as possible   so they can train them in conformity .

  FM

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Poet
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Slow Motion Train Crash Every Day, Multiple Times Per Day

 

Seriously, folks. It's like watching a slow motion train crash every day, multiple times per day. And more cars are piling onto the wreck from behind.

Poet

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Re: Daily Digest 9/30 - The Erosion Of Civilizations, ...

There are no words to describe how terrifying this is...

mainecooncat's picture
mainecooncat
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Re: Daily Digest 9/30 - The Erosion Of Civilizations, ...
barrt wrote:

I dont want to frighten you guys but....

http://www.snapscouts.org/

It's up to you to keep America safe! If you see something suspicious, Snap it! If you see someone who doesn't belong, Snap it! Not sure if someone or something is suspicious? Snap it anyway!

I think I'm going to be sick..... and then I'm going to move to Angola.

Peace and privacy to you all, amigos.

 

 

Gee, who knew Orwell was an optimist?

Doug's picture
Doug
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Re: Daily Digest 9/30 - The Erosion Of Civilizations, ...

Poet

Quote:

It's like watching a slow motion train crash every day

Exactly, but there is one problem with this simile, most of the passengers have no idea there's a wreck going on.

Surprised

Doug

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Re: Daily Digest 9/30 - The Erosion Of Civilizations, ...

 We have not seen anything yet. This is just a warm up. What is coming next is hard to say but I am not looking forward to it. According to my wife everything is just fine and I need to stop reading this and other news. As a matter of fact she has me going to a psychologist in about an hour. I agreed to keep the peace but still have no idea what I am going to say. This sucks

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Davos
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Re: Daily Digest 9/30 - The Erosion Of Civilizations, ...
sammy wrote:

 We have not seen anything yet. This is just a warm up. What is coming next is hard to say but I am not looking forward to it. According to my wife everything is just fine and I need to stop reading this and other news. As a matter of fact she has me going to a psychologist in about an hour. I agreed to keep the peace but still have no idea what I am going to say. This sucks

Scare the living p#@! out of him by telling him the rational facts - or tell him he needs to get up to speed before you talk and give him the CC. The doctors on this blog - and we have many of them - get this stuff, they see how it works. This guy should also.

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Re: Daily Digest 9/30 - The Erosion Of Civilizations, ...

Sammy, though I've lurked here for a long time, its this post by you that has motivated me to register finally. And once registered, I'll have less excuse to transfer FRNs here hoping that some few additional dollars can help Chris et al. get the message out to more and more quickly.

Sammy, I wish we were neighbors. Your story is so similar to mine, and most of my male friends. All of my close friends who to any degree have a similar perception to ours have Spouse Blockage. We haven't come up with a good way to get the wife on board what we call "preps". I"ve recently made headway on building my local network of neighbors and farmers who have a degree of awareness of Peak Everything, but my partner will not come to the trough. To say the least, its difficult.

I know my awareness has changed dramatically the last 5 years, and I"ve dragged her along on my homesteading "hobby", but it wasn't until this year that she finally started helping with the egg washing and chicken butchering. Still can't get her working in the garden with me, or anything mechanical at all. Hell, changing a light bulb or canning jam is an uphill battle. But, she feels like I've dragged her along instead of ever sitting down and communicating a vision and marching plan.

So, I've learned to collaborate instead of dictate.

What I'm inarticulately trying to say is, my wife is slowly coming around to the message because we're finding things to do together, that we can agree meet our "values" (frugal, self reliant, educational, increase skillsets, healthy, family oriented, community building, ).

It helps to grow good stuff, and expound on the nutritional goodness while mutually smacking your lips. Its even better when you can show her a spreadsheet to say "see, not only is it better and more healthy for us and the neighbors we sell the extra too, its cheaper too!". Even if its a rough draft, and doesn't really show the true costs, but that can be rectified in winter, after the first year is over.

I think its become a well known fact that our best way out of this mess is together. I want to know and support local businesses including farmers, ranchers, cops, bankers, bakers..everyone. I want to be able to go to all my neighbors and discuss the local CERT meeting, or HAM net, or whose got the best hams. I want to sell poultry to 100 families on my road, and encourage people to support local agriculture and music.

And while we meet so many in this reinvention of the resilient community, if my spouse isn't aligned with me, all my victories are not only harder to achieve, they seem hollow somehow.

I look forward to sharing more with the CM/CC community about my experiences homesteading, community building and telecommuting.

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DRHolden
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Re: Daily Digest 9/30 - The Erosion Of Civilizations, ...
sammy wrote:

 We have not seen anything yet. This is just a warm up. What is coming next is hard to say but I am not looking forward to it. According to my wife everything is just fine and I need to stop reading this and other news. As a matter of fact she has me going to a psychologist in about an hour. I agreed to keep the peace but still have no idea what I am going to say. This sucks

I got my wife to watch the 45 minute Crash Course, and she seemed to get it, and I we have put our house on the market to reduce our debt even though we love our house (BTW, the house selling is not going well) , but when she was feeling stressed the other day she said to me "you know there are a lot of smart people out there who think your beliefs about the environment and the economy are way way over the top".  So I think she is really questioning everything I say and do, and is much happier with the status quo.  Things are not even bad yet, and the stress is already splitting us apart.   I don't know what will happen when the stock market dips again this winter, and the housing market gets worse.

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idoctor
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Re: Daily Digest 9/30 - The Erosion Of Civilizations, ...

Gold for Dummies LOL:

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Re: Daily Digest 9/30 - The Erosion Of Civilizations, ...

sammy and DrHolden,

My wife tolerates my grim view of the future because it is now becoming part of the MSM.  (My oldest calls me 'Mr Gloom and Doom').  Several months ago Chris came to Sonora (California) and gave his Cliff's Notes version of the crash course.  Right before he came on stage, she asked if this was when they passed out the Kool Aid (couldn't believe it).  After 2 hours of a graduate school level presentation supported by facts, she connected the dots.  What helped (in my opinion) was Chris's credentials - PhD from Duke and an Ivy league MBA.  And no politics or axe to grind. 

Since we have always been frugal, grown much of our own food (100% of tonights super), our changes have been minimal.  Now I am trying to move her into the 'we need more local farmland' mindset.   I am going to work a plan B (to nearby farmland) this weekend.

I work with incredibly bright people and many, many of them get it.  I work on a large laser fusion project.  Yesterday we had an 'all hands' meeting and a chart of future electric generation showed up.  Coal and uranium were producting zero electricity by 2050.  Everyone excepts this as the gospel truth.  Where is Steven Chu when you need him.

Nate

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Davos
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Re: Daily Digest 9/30 - The Erosion Of Civilizations, ...

Sometimes it takes a bight of reality to get the other spouse onboard. Mine believed that housing would crash, but there was sellers remorse when I sold land I subdivided for 3x purchase price and buyer put it on market at 2x what I sold it for. Of course after the market tanked our sellers remorse was gone. Timing is a hard nut to crack.

She also didn't want to listen to me until the crash of 2008. After that she see it for what it is. I can relate to the one on-board one not. It is a kidney stone. 

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Sam
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Re: Daily Digest 9/30 - The Erosion Of Civilizations, ...

The Scoutsnaps website has to be a joke. The Copyright @ 2010 MiniTru, LLC. All Right Reserved, and the "about us" listing Winston O'Brien are a dead giveaway. I hope.

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Snap Scouts

Finally our own version of Nazi Youth.Yell

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Getting The Spouse On Board

 

It is so difficult. My wife has watched the entire Crash Course (over a year ago). She understands the issues.

But she's just not into it as much as I am - her focus is on the here and now. We are also rather limited in our means. For both those reasons, I can't just go out and buy things beyond a week or two of canned goods or water.

Poet

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Locavorous
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Re: Getting The Spouse On Board

re; ScoutSnaps. I sussed Winston too, as well as the countries its up and running in: "UK, Indonesia, Germany". And how about those "testimonials":

Testimonials
Just a few of the stories that have helped make SnapScouts one of the top preventative crime downloads of 2010!
“My eight-year old caught the gardner smoking something suspicious. It wasn’t marijuana, but it turns out he was illegal!” - Phyllis Specter, 32, Idaho

“My son and I are competing for the Major Freedom badge. Three more Suspicious Activity reports and he takes the lead. I’ve never been so proud!" - Roger Phillips, London UK
It's like crime prevention so easy, a third-grader can do it. - Sam Whitman, Oklahoma

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Re: Getting The Spouse On Board

Poet,

Sadly, I haven't convinced anyone to watch the crash course. I also have no means to truly prepare. I just do small things...research wild edibles, save old flint lighters...which will continue to spark, buy in bulk, cook extra food to freeze(hopefully saving some energy in winter), freeze large water bottles in case of power outage or water shortage, and teach my children to honor natural law instead of seeking fame and success defined by starsuckers. I am also learning about  worm farms to produce fertile soil to start a garden. This summer I did grow some yellow onions, purple basil, and my 2 tomato plants have a total of 2 small green tomatoes so far. I'm renting a house with a Potawatomi plum tree and raspberry bushes in the yard...I have been freezing the fruit until I can afford to get canning supplies. Also dried raspberry leaves for tea.

-littleone

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Re: Getting The Spouse On Board

Slightly different situation here, since I don't have a spouse, but a significant other.  But similar difficulties in convincing her. Because we each have kids from our first marriage, we maintain 2 households, don't live together.

The one small success I've had was getting her to come to hear Chris when he spoke this summer. She thought he was reasonable, not  a nut, yet she has largely been unwilling to make any significant changes.  Paraphrasing: "If it really hits the fan, then I can't really do anything about it anyway."  Biggest concern is her debt--I made it a "couple's" issue a few years ago, and she paid off 2/3 of a 30K credit card debt, but has gone back to minimum payments, shows no concern about getting out of debt entirely.  The world will go on like we're used to... la la la la.....

During the questions segment this summer, I submitted a question to Chris, something along the lines of "How do you talk about this stuff with people who aren't convinced? Most of my friends are think I'm a bit of a crank because I think major changes are looming and it's a real conversation-stopper.."  I remember one part of his response.  He advised always being able to talk about the weather instead-- this wasn't about converting people.  Chris kind of echoes Dmitry Orlov in that regard!

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Re: Getting The Spouse On Board
apismellifera wrote:

Slightly different situation here, since I don't have a spouse, but a significant other.  But similar difficulties in convincing her. Because we each have kids from our first marriage, we maintain 2 households, don't live together.

Paraphrasing: "If it really hits the fan, then I can't really do anything about it anyway."  Biggest concern is her debt--I made it a "couple's" issue a few years ago, and she paid off 2/3 of a 30K credit card debt, but has gone back to minimum payments, shows no concern about getting out of debt entirely.  The world will go on like we're used to... la la la la.....

 

I am happy to say that credit debt, or the lack of, has always been something my wife and I have agreed upon, even long before I became a crazy WTSHTF kind of person.  We use our credit cards almost every day of our lives, but we never keep a balance, and it actually gives us money back.  When it comes to the future, our conversations pretty much have to be limited to the weather these days.  She has told me a number of times that if she thought of the possible future scenarios like do, she would never sleep at night, and would go insane.

 

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Re: Getting The Spouse On Board

My spouse tolerates my preps. Fortunately, she is frugal by nature. I am the sole source of income in our household. Therefore, I feel comfortable "dictating" what preps we (I) accomplish. I make sure that her disired "creature comforts" are taken care of and I prep. It would be nice if she shared my views or would help in the garden or with canning, but she doesn't, so I carry on.

When the oxygen masks deploy in an airplane in trouble, what are the instructions? Are they to try to convince your spouse the plane is crashing? Nope. Put your mask on and be prepared to help others. It strains our relationship at times and certainly has the potential to strain it to the point of breaking. However, I don't see that as a reason to change my views.

For those of you with limited resources, try developing relationships with like minded people. You have the ability to learn and labor, that will come back to you from those with similar views if you help them in the ways you can.

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Posts: 3125
Re: Daily Digest 9/30 - The Erosion Of Civilizations, ...

My wife has known about CM and the CC for a couple years.  She went along grudgingly as long as I did everything but the gardening and preserving, which she was doing long before we knew of Chris.  I was basically ok with this until she became more resentful as I continued to do stuff.  Much of her objection came from fact that she works very hard to pay utilities, groceries and a lot of incidental stuff like clothing for the kids and herself on her part-time income.  And contrary to the story we hear from the CPI stats, she sees prices going up fast.  She takes pride in being able to pay for that stuff without my help and is increasingly frustrated on not being able to do so.

We finally sat down and had a long conversation in which I emphasized that I need her help and cooperation, and pointed out that I have the money to pay for prep stuff like buying in bulk and storing food, and that we have a cushion for spending on necessities and a few nice-to-have things.  Then, I emphasized the lack of support in the community and among friends and how that tends to wear on me.  She responded quite positively to that message and things seem to be going in a better direction.

The lesson for me was that I should try to be less pedantic in teaching this stuff, and should appeal more for her help and encouragement.

Doug

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