Survive the ’08 Meltdown: Part 1

Roadblocks and Interference

As Congress meets today and tomorrow to grill the principals before Friday’s vote on the $700 billion “emergency” Wall Street bailout plan (which has been in the works for months but strategically dumped on us all as an “emergency”), oil companies have instituted “rolling shortages” all over the Southeast. Some areas have been out of gas for more than a week and a half, and the situation is not expected to ease until Monday at the latest. Some gas – a single tanker at a time – is being delivered to stations along the Interstates and is being strictly rationed unless it’s diesel, one station per county.

State police are managing the gas lines to prevent violence, which did break out last week in the Nashville, Tennessee area when people started cutting in line. Food prices are rising so fast the stock boys at the grocery stores can’t mark up the goods fast enough, and the specter of looming fuel shortages for winter heat – or price increases that will force people to do without – is beginning to look very scary.

Bailout or no bailout – and despite the launch of FBI investigations of Fannie Mae, Freddy Mac, Lehman Brothers and AIG – the United States may well be fully in the clutches of major economic depression before winter even hits. Whether or not that translates to global recession isn’t much of an issue to regular people, as we here in our own homes wonder how we will survive. This post and several following posts in a new series will take a look at the steps citizens should take as soon as possible to ensure their families will make it through the next 6 months. If depression goes on longer than that, additional strategies will be necessary, some already compiled as series in this blog and available under the “Our Most Popular” header on the left side of the page.

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The Poor Get Poorer Still

Last month I asked the question, Is It Depression Yet? and linked quite a few opinions of economic pundits about when the recession no one in DC cares to admit we’re in will turn into a full-fledged depression.

In going down the list of ominous signs that we’re going down for the third time, the key ingredient apart from a burst credit bubble was rising oil prices. Well, this last weekend gasoline went over $4 a gallon, and diesel was pushing $5. So while families and workers in cities can start taking mass transit to work and school and just stay home this summer instead of driving to the Grand Canyon, the price of diesel – which runs all our shipping fleets, trucks and trains – is going to cause swift inflation in the price of food as well as everything else that is transported from here to there. It is no longer a wild conspiracy theory that oil will go to $200 a barrel, now projected by the end of this year and possibly right around election time. It could hit $150 this month and no one will be shocked.

Thus I read with interest an article in the June 9 New York Times entitled Rural U.S. Takes Worst Hit as Gas Tops $4 Average. A survey by the Oil Price Information Service did a survey which showed that the price of gasoline has its biggest impact on rural areas, particularly in the Southeast, and that for the people euphemistically called the “working poor” the cost of just getting to work and to the store is quickly eating as much of their income as food and housing. Since their incomes are not rising and aren’t likely to rise, the situation for people in rural areas of the south, New Mexico, Montana, Wyoming and the Dakotas will soon become a choice between food and transportation.

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Is It Depression Yet?

As we start moving into summer I thought it might be interesting to take a look at some economic predictions made way back in 2007 by an “informed” opinionator over at Sustainable Living’s Natural Hub, a Q&A piece entitled Timing of a depression triggered by high oil prices.

An Overview of unfolding recession as the oil economy fades was published in 2006 explaining the various factors that would mark a worldwide recession due to increasing oil prices. Some of its indicators have long since come and gone, others have been with us for years already, and some of the predictions have come true in these last few months. For those of us living in the real world, recession and ‘stagflation’ have been facts of life for years despite the mainstream news media’s reluctance to actually use the word when reporting on where speculators have taken futures on oil and food supplies lately. They won’t use the ‘D’ word either [depression], but here’s a list of signs that it’s already upon us.

Sign 1. “For there to be a deep recession, there first has to be a credit bubble – a high level of personal indebtedness in the community.”

Well, this one’s sure a no-brainer! Hopefully most readers of this blog have made real efforts to minimize or get out from under personal debt over the past few years (exempting mortgage issues), or were never deeply in debt in the first place. Those who consolidated credit card and other installment loan debts by refinancing when the mortgage boom was on may be facing serious issues with that mortgage now, but that’s such a huge issue that if mortgage debt is the biggest of your worries, you’re doing pretty well.
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Green Fuel Hope on the Horizon!

Perhaps many readers have become aware of the looming worldwide food shortage, there was a story on NPR’s The World just Monday night (March 31) about rising tensions in the bread lines of Egypt. London’s Guardian reported this past November that the crisis can be attributed to climate change (crop failures and ag diversion of rice and wheat crops) and fuel shortages – both the increasing price of petroleum fuels for transportation and agriculture as well as the diversion of staple food crops like soybeans and corn toward biofuels production.

Soaring grain prices are now exploding into full-fledged food riots in many corners of the planet, while Americans are stunned by rising prices every time they go to the grocery store. As of December, 2007 the UN Food and Agricultural Organization reported that 37 countries face immediate food crises, and 20 nations had imposed some form of food-price controls. Reuters lays additional blame on panicked speculators trading on global futures markets in the wake of recession fears fueled by the increasing defaults among Wall Street’s investment banks and stock market gamblers.

But there is hope on the horizon, particularly for those of us who were smart enough to purchase diesel powered vehicles, despite the ruinous and increasing costs of gasoline. That hope is a new source for producing biodiesel (which can run the entirety of our transportation system, including passenger cars if GM can be persuaded to come off their new diesel they’ve been sitting on in joint patent with the EPA).

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The Ruinous Cost of Gasoline

Ford Prodigy, cutaway view of a ‘concept’ car we could someday be able to buy… maybe. Or not.

The 100 miles per gallon car. One that carries four adults, has all the safety features that protect in accidents but weigh a lot. Peter Diamandis’ X Prize Foundation has turned their focus from space travel to automobiles. The automotive X Prize went live in April of 2007 at the New York Auto Show with a $10 million award to the winning designers of a production-ready vehicle capable of exceeding 100 mpg.

It’s not that hard to get 100 miles per gallon if you don’t mind a seriously “minimalist” vehicle. Heck, if you make it lighter than a motorbike and gin it up with solar cells, it’s not that hard to get 1,000 miles per gallon (downhill, with a tailwind, driver lying flat). But the solar cell idea isn’t that bad, now that we hear there are new plastic coatings that will generate even in low-light situations. And what about a hood scoop to use the wind of forward motion to help charge those batteries too?

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Ways to Live On Almost Nothing – 2

Part 2: Items 6-10

This is the second installment of the 20 ways to live on little-to-nothing. Obviously, not all of these alternatives will appeal to everyone. But perhaps some will appeal to some.

6. Personal Housing for the Gypsy Tread-Lightly

If your lifestyle doesn’t require thousands of square footage consider the advantages of an RV or travel trailer. No, not one of those $200,000 new fancy jobs, but one just “big enough” and in desperate need of some handy TLC.

Getting “free” will take more ingenuity that most people have to spend, but getting “cheap” is entirely possible. Unless you’re a serious mechanic, travel trailers are a much better option than RVs or old city buses that probably need totally rebuilt engines. A trailer can be moved as regularly as necessary (many state and national forest sites have 2-week limits) so long as you’ve something to haul them with.

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Everyday Energy Conservation Tips

Easy ways to save money and conserve energy at home

In addition to the good ideas in this video, there are other things you can do through the year to save energy. For instance, I use the gas grill for canning in the summer. Canning is an energy-intensive project even if you grow your own as I do, which can make your home grown cost more than just buying canned goods at the store. The gas costs less than electricity, heats more efficiently (it’s nearly impossible to get my canner boiling on my electric stovetop!), and it’s outside – doesn’t heat the house.

For all-day type soups, stews and beans from dry in the winter, I put the pot on top of the wood stove instead of in the crock pot or on the stove. Cooks just fine, doesn’t boil dry if it’s covered adequately and set properly, costs nothing!

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15 Real Ways to Conserve (and save money!)

Since we’ve been looking at ways to avoid spending money on things we don’t really need, let’s look at some ways to save money on things we really DO need. Like, say energy to heat and cool our homes, cook our food, keep us (and our clothes) clean, etc., etc., etc. Energy – in the form of electricity, gas, heating oil and such for use in our homes is not getting any cheaper, and the generation technologies are contributing greatly to global warming. Water is another diminishing resource we cannot live without. Learning to consume less water is vital for our collective future. One of the best things we can do for our world and our pocketbooks is to learn how to live on less. USE less, NEED less, and be proud of our small footprints on the earth!

Here are some of the best ways to conserve energy and water that are being touted at present. Some of you can put to good use right now, and some of you will want to seriously consider through the coming year as your income allows you to replace things or renovate for a more efficient lifestyle. If you can save a couple thousand dollars a year on your electric and water bills, you’ll have that much more money to spend or save! Check ‘em out…

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