Two Glimpses of the Future
In the mountains above Barcelona, Spain, there is a reservoir. It has something in its depths that you won't find in reservoirs in the US. A European Medieval Village that hasn't been above the water line for hundreds of years.
Now, suddenly, archaeologists are able to dig up this snapshot in time. But that's not good news--it's a matter of simply making use of an opportunity. Ordinarily, that village would be more than 100 feet underwater. Now, however, the reservoir is 80% dry.
Usually, the ships that dock at Barcelona bring in raw materials and manufactured goods. Today, they are bringing in tankers full of water. Water rationing in the city is to the point of allowing for cooking and bathing. No other household use of water is allowed.
How long can this go on? Other cities will soon be coming to the table, as well. The clamor for water will only continue-- and get worse. If the food riots are bad now--they will be as nothing when the water riots begin.
Closer to home, the economy was viewed in a favorable light tonight on The Nightly Business Report. The program detailed a small increase in spending during the last month. The reporters talked about spending in anticipation of the coming $600.00 'tax refund'.
However, I doubt if those same reporters actually asked those shoppers why they were spending the money. I was at a store this week. I even bought some 'durable items' -- namely a TV and and a computer monitor. The reasons? First, my TV went all wonkers, rolled over on its back and died. So, it was time to invest in a digital TV. While I was at it I bought one I expect will remain with me for at least a decade. So, I got a Sony and upgraded to a larger screen. Furthermore, my old monitor was going downhill fast. It was getting dimmer and dimmer and harder and harder for these old eyes to make out what was on the screen.
A secondary reason for the upgrades, though, was this: I have no idea what will happen over the next few weeks or months -- but I have some educated guesses. With gasoline prices [and the price of shipping goods] spiraling upward-- who's to say my money will be worth as much tomorrow as it is today? So--if I'm going to buy a large-ticket item, I might as well do it now.
I didn't buy those two items in expectation of the 'tax rebate'. I'm not going to get one.
I bought them not because I'm confident of the economy. In fact, just the opposite.
I'm so nervous about the state of the economy, I'm securing my options now, while I still can.
So, what about you?
What is your take on the current situation? And how are you preparing to meet what's coming?