Yen went on a free fall to a 24 year low yesterday. It is the third largest fiat currency in the world. Japan is also the largest holder of US treasuries.

  • CommCat [none/use name]
    ·
    2 years ago

    yeah I just got an unexpected email from my Bank, talking about inflation and how to budget your spending. I don't mind another 2008 coming, this system needs a reckoning or we're all doomed in a few short decades.

    • Steve2 [any]
      ·
      2 years ago

      I starter "investing" in January from a windfall and putting $100 away a month into an index fund. The market started collapsing pretty much right away, I'm considering my continuous investment as a real magic hex to collapse the economy and there is nothing they can do to make me stop. I will destroy the capitalist economy and if it just cost me $100 a month to do it, we'll that's just my cross to bear.

      • Prinz1989 [he/him]
        ·
        2 years ago

        I also started in January. Lost 1000€ in the last week alone.

        That money could have bought a lot of premium booze, the only 40% I'm going to see anyway.

    • silent_water [she/her]
      ·
      2 years ago

      a reckoning means the world finds a new dominant ideology -- whatever new form of liberalism replaces neoliberalism -- and a contingent economic policy that opens up new markets for exploitation... or... we're all gonna be enmeshed in war for decades. kinda hoping this one turns out not to be the big one just cause I was planning on a couple more years to prepare...

        • cawsby [he/him]
          ·
          2 years ago

          Tons of dried food like white rice, beans, whole corn, etc will last 20+ years if stored below 100f/40c.

          A 5 gallon food-safe bucket is the best choice for storage. They are stackable, vermin-proof, and air/water proof that cost ~$8 with lid at a hardware store.

          Each 5 gallon bucket can hold roughly enough calories for a month of food for one person. If you go with white rice or lentils that can be had as cheaply as ~$25-30 per bucket.

          • Steve2 [any]
            ·
            2 years ago

            This is good for a potential total collapse but also the best prep is honestly to have a community of people you can rely on and trust. Alone and prepped is the same as alone and unprepared.

            • cawsby [he/him]
              ·
              2 years ago

              We have them because we live in earthquake country.

              Estimated time to get power back to our property after the Big One will be 6+ months.

              • Kresimir [they/them]
                ·
                2 years ago

                The big one refers to that impending earthquake on the northwest coast right?

                Absolutely wild that there's been basically no preparation for that at a systemic level

                • cawsby [he/him]
                  ·
                  2 years ago

                  There has been some but mostly at city/metro level.

                  Some cities have caches of generators/tents, but most will rely on FEMA.

      • Frank [he/him, he/him]
        ·
        2 years ago

        Turbo-Mammonism, the ideology of throwing kids in to a giant pit to appease the money god.