THAT is the question!
Energy and food prices – outta sight!
Consumer confidence is DOWN,
job losses abound.
recession, and depression.
We’re all gonna die.
Hoarding – you in or out?
It’s official – hoarding has begun!
March 7th news article: Already we have riots, hoarding, panic: the sign of things to come?
India, March 7th, news article: India curbs wheat purchase by firms to check hoarding.
February 18th, news article: Venezuela accuses company of hoarding food.
March 3rd, news article: Zimbabwe bans “unlawful hoarding”.
March 4th, news article: Pakistan rice hoarding give way to price hike.
February 21, news article: India – states get extension to act against wheat hoarding.
Woo-hoo! Bad times, bad times – what-chya gonna do?
Hoarding in bad times is good for you, bad for society. Good for you, because, in times of recession and inflation, you secured products in advance when prices were lower. If shit hits the fan, you’ve got a stockpile of resources that’ll be in mega-demand at mega-prices. Bad for society, because hoarding begets hoarding. One person starts it, others figure they’d better do the same, and suddenly the shortages aren’t a result of supply and demand, but because of hoarding. This happened post-Katrina even in Maine. The news media went wild with how much gas would soon cost, whether shortages would occur, and EVERYONE went to the gas station to tank up, top off, and fill gas cans. Gas stations ran dry – due to hoarding.
Of course, there’s hoarding and then there’s compulsive hoarding. Scope this action:
Ever meet a person that’s a compulsive hoarder? I have. It’s sketchy, they’re very protective of their useless crap. I find throwing crap out rather liberating, but maybe that’s just me. In any case, I’ve also met old dudes and dudettes that lived during the Great Depression. They all had two things in common: 1) they didn’t trust banks, and 2) they kept everything. Would that learned survivalist instinct make them compulsive hoarders by today’s standards? I don’t know, that’s too deep for a Sunday morning.
– Ranger Man