waste not, have not

WASTE NOT, HAVE NOT

Benjamin Franklin was a pretty cool dude, an old lecherous hump sniffing around the Frog gals panties when he wasn't busy selling the government on the pleasures of depriving the Limey's of a North American colony. And he had a million nuggets of wisdom, one which MIGHT have been “waste not, want not”. If he did print that, he probably stole it from somewhere else. But no matter, if he didn't say it, he should have. And that was true, before the Industrial Revolution. At the end of it, not so much.

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The Oil Age and the Industrial Age were a pretty good time. Even Bush Bitches in darkest Africa can drink Coco-Cola and get free plastic bags to defecate into ( a nasty habit of city dwellers without toilets, who then dispose of them rather carelessly )( I'll never forget a short lived survivalist magazine, late 80's, which had an article by a thrifty Scot who found a perfectly fine coffee can housing a human turd, who could not stop himself from rescuing the container ), compliments of greedy humps turning irreplaceable oil into disposable containers.

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But that time, oil & industry, is wrapping up. Just as a silver mine will close with ore still left inside, because the remaining amount won't pay the heavy machinery, workers and financiers, so too will the oil stop flowing, with plenty left in the ground. The last barrels down below won't be sufficient to pay the bankers, who are failing after twenty billion barrels of fracking oil, and whatever is left won't do the trick either. Without funding, production halts, and the bankers are doing the funding. But the bankers also used the derivatives market to make a profit. And that is unraveling.

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In theory. I could be wrong, and I pray that I am. But I don't think so, not really. My apologies for my inability to blow smoke up your ass in return for profit. If there is a heaven, I'd like to think I can be admitted for doing some good. And as God is a jealous god, prohibiting false idols and all, I don't think Mammon worship is looked upon favorably. What is the problem with derivatives? The leverage. Leverage is your friend until it turns on you and consumes the very air you need to breathe. And I'm pretty darn sure the bankers are suffocating right now.

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Banker McStinkyhead needed to fund the fracking industry, because energy IS collateral for creating credit. The more energy that flows, and who cares if you birth or borrow money to get the energy, the better your economy does. The better your economy does, the longer you last after foreign oil ceased, your Tech Wreck loans went bad, your housing bets went bad and you are one quarterly lose away from the house in the Hampton's being foreclosed.

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The problem is that fracking loses money. How do you buy hookers and blow for that mansion, if your loans are to a money losing enterprise? You use wonderful, beautiful derivatives that came through so many times before ( as they crashed and burned every time before ). And what better way to use derivatives than leverage the crap out of them? What was one of the causes ( besides central bank manipulation) of the Great Depression in 1929? Leverage. The Housing Bubble ten years ago? Leverage. The more crap changes, the more it stays the same.

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The Federal Reserve is pumping up to $100 billion in short term loans each working day, and the definition of “short term” is being stretched out. The bail-outs have begun, and I believe it is because the leveraging has already gone bad. This is GLOBAL, which means it is most likely the biggest and the last unwindings financially. As such, would it perhaps behoove you to diversify out of cash and bankers digital wealth? Again, no one can guarantee this is a spot on analysis. I've been wrong before on the timing of the collapse, and I could be again. So the question you want to ask yourself is, do you feel lucky, punk?

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Now would be a good time to ask yourself, is it a suitable gamble to perhaps waste your investment monies? I've wasted more money prepping than I have money invested. Wasted money on real estate I abandon. Wasted money on shelters I end up deciding are in the wrong location. Wasted arsenals I decided could be improved. Items paid top dollar for, when I could have waited a few years to drop drastically in price ( those who bought a $2k AR-15 during the Clinton gun ban know what I speak of ). But it simply didn't matter how much you wasted. The point was, you were prepped.

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Right now, seemingly time being short, you might be thinking you needed to be hurrying up and prepping. Buying junk land you weren't sure you wanted, buying a pallet of expensive freeze dried food because that was better than not having enough food ( say, if you were worried about the midwest flooding and/or the grand solar minimum ). Buying cases of canned food that weren't your favorite. Buying more crappy ammo than was prudent, because waiting for sales on higher quality might be LESS smart. We could continue on all day how easy it is to waste money prepping the wrong way.

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But sometimes it is simply better to waste money and have SOMETHING, than to keep money and have nothing. I don't advocate waste, not in Frugal Prepping, but no one is going to be mistake free, and sometimes it is better to somewhat throw caution to the wind. Sometimes you just say, screw it, I'm taking this risk. Err on the side of caution, by having assets. Even if they were overpaid for. No one is saying bet the rent money. Just beware if time is short, better something less than perfect you overpaid for rather than nothing.

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Junk land buying got me thinking on this. Something that is quite easy to procrastinate on, trying to avoid mistakes. But everyone that has that land is happy they at least have something, anything. Even if they wish they bought elsewhere. At least they are better off than before. And if they waste that money, as they buy another, better lot? So what? They were covered before, safer. It might be a very expensive feeling, but it isn't a waste of money by all metrics. Who claimed peace of mind was free?

( .Y. )

( today's related Amazon link click HERE )

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note: free for today books.  Zombies, but a new ( to us ) author with lots more published HERE 
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