Weather Report: The Economy – A Simple Day, Just a Note, Now – Do It Now!

THE ECONOMY-A SIMPLE DAY: It’s a day like most of those over the last week. It’s a day where the major news-media are giving out stories like the drudgereport.com’s “Bloomberg: problems so grave no country can solve them alone” or newsmax.com’s “Jim Cramer: Get Out of Stocks Now” or, at their most benign, moneynet.com’s “Bush: Financial bailout is going to take time”. In addition, there are articles with more technical observations (with their attendant recommendations) that appear to be almost infinite in number and self-confidence.

From a common man’s point of view, we’re in the same place we were last week: nobody really knows what to do but at least theye’ve done “something”. The something is a “bailout” that may not work and, if it should work, may not be big enough.

There seem to be some “unintended consequences” from last weeks bailout too. It appears that a number of states in the U.S. are lining up, along with major corporations, for some “bailout”. It’s not difficult to envision the “bailout” line getting longer and more diverse as time goes on.

Here’s a nagging question that keeps popping up relative to the banks in the U.S. having money to lend to each other but not being willing to lend it due to their mutual distrust of each others financial statements: if the banks don’t trust each other, why should we trust the banks?

Where we are now is kind of summed up by James Howard Kunstler in a 10/6 post on his website (I won’t repeat the name of this site but you’ll know it right off when you look under his name on the web) entitled “All Fall Down”:

“We’ve entered the realm of phase change where everything is slipping and nothing has settled.”

JUST A NOTE: newsmax.com is currently offering an article entitled “Britain to Spy on Every Call, E-mail and Text” that notes that the British Government’s “Goal is to “live-tap” every electronic communication in Britain.” Interesting.

NOW-DO IT NOW!: There’s no more time to begin. If you’ve been putting off beginning a food (& water) storage program or if you’ve let you’re preparation efforts slack-off for whatever reason: STOP. Get focused on having a stock of essentials: food, water and medicines (along with the means to use and keep them) for at least 30 days for your entire family. Don’t forget to include enough for a guest and your pets. Consider now how you would “keep” them in any period of civil unrest.

We’ll talk more later. Looking forward to presenting a book review this coming Friday: 10/11/08.

Until then, keep your eyes on the horizon.