Oregon's unemployment numbers hit 9.9% - Link
We're running at close to +%1 a month here and while I'd like to point out how bad it is, it's not the highest in the nation; Michigan and California to name but two, beat us consistently.
I'd be willing to bet this average rate will continue for atleast 6 months even with the 'stimulus' package. Keep in mind that the Great Depression lasted about 10 years and if this is a similar condition we might have a little ways to go before it turns around.
I don't think I can put back 10 years of income as a cushion, 10 years of food are pretty much out of reach as well. What can I do for 10 years worth of a depression? Skills, knowledge, seeds, contacts, potentially some transportation. I can't expect my job to last 10 years, I'd love it to last 2 in this climate. I can continue with my volunteer work, which will let me buy some preps that I can justify writing off on my taxes (but if you don't have money how can you buy anything?), I can write off some mileage/gas/repairs, I might even be able to be paid occasionally for a shift.
Prepare now, it won't be long before you'll be using your 'preps' or sharing them. Even if you're unemployed and on some form of financial assistance you need to continue to prep, it's only going to get worse for everybody. There will likely be a time in our near future when there isn't any government money for health care, welfare or unemployed citizens. If the money is there, it's likely to be so overshadowed by inflation that $400/week is only worth sending to your creditors as it's not enough to by a sack of groceries.
Rick
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Thursday, February 26, 2009
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