

I spent a good chunk of this paycheck on car parts for my car and my wife’s.
Breaks, oil and air filters, enough for 3 years of maintenance.
Last month was parts for the furnace.
Most of the affordable stuff is made over seas.
If you can, I suggest also stocking up on repair materials. Parts are going to skyrocket in price very soon, and it’s going to become very expensive to even do regular maintenance on most mechanical equipment.
I don’t know if people will hit the banks.
Back on black Tuesday, most things were bought with cash.
Now everyone either uses debit or credit. I don’t think there will be the big of a demand for cash unless one of the big banks says it has run out.
I do think that the credit market might implode within 6 months, as many Americans will probably forgo paying their debt to buy food for the week, and the credit companies will not have the capacity to squeeze blood from that many stones at once.
If consumer credit crashes, then the consumer economy essentially collapses, as a huge chunk of the population essentially lives on a knife edge between their bank balance and credit limits.
I give it at least a month before this all really starts to go tits up.
Anyway, I’m gonna go buy some waterproof storage bins and about 500 pounds of rice and beans tomorrow, just because that’s my new hobby.