Some of my activities outside of the Academy require me to purchase construction materials and equipment. During the last 24 hours, I’ve realized how fragile our supply chains are. For example, the unseasonably hot and dry spring and summer we have been experiencing here in the west has caused a four-week delay in the delivery of water storage tanks and chest type freezers. I bring this up for several reasons.
First, we never know when a supply chain will be interrupted or even terminated. Toilet paper is an example. The second reason has to do with the marketplace, such as home sales. There are certain places in the country where home sales are softening, while other places such as in Utah, they are very brisk, even a sellers’ market. Very seldom in history are there events that terminate all commerce in a single day; however, it has happened. Generally, there are trends to be watched and evaluated. We are currently seeing people leaving places such as New York and California, due to the cost of living, taxes, and now a rise in civil unrest. Other factors, such as COVID 19 and tensions rising with China, are causing markets to fluctuate and contract.
These are trends that do not portend well for stability in the near future.
Some suggestions to consider are:
• If you are thinking of selling your home, sooner than later would be recommended.
• If you are holding onto a considerable amount of cash, investing in food-producing property or other agricultural supporting industries, including building supplies is suggested.
• Debt related recreational toys or even leveraging real estate is ill-advised at this time.
• Acquiring basic food storage such as rice, beans, and wheat is a safe bet. Better yet, develop the ability to produce your own food supply in a location that is safe from overwhelming populations that will be without when food is in short supply.
• Acquiring knowledge and the skill to use it regarding self-reliance is critical.
We do not realize how mentally and emotionally dependent we are on our current supply chains and lifestyles. Taking time to truly assess our changing social and economic environment and identifying what we are going to do to mitigate the challenges facing us can be life and death decisions. Preparing every needful thing is not fear-driven, it is prudent and expedient action. Now is a good time to make the changes needed for a healthy, safe, and productive future.
Philip J. Gleason