PINK SLIP POKER
A lot of times, we ask ourselves the question “if the collapse happens tomorrow, what am I missing from my preps?” How about this one-“if you got a pink slip tomorrow, would you make it?” It is a lot harder to prepare for a pink slip, anymore, than it is to prep frugally. Most of the insurance policies put into place for unemployment are no longer trustworthy or viable, whereas it is easier than ever before to prepare for the collapse. Yet, I think as the economy gets scarier we focus more on collapse and less on unemployment.
Gun prices are down a good fifty percent ( or close enough ). Wheat has returned to pre-global drought prices ( or, again, close enough ). Ammunition is brushing up against prices not seen in almost fifteen years ( let’s see. Math. Fifteen minus eight years of Obammy. Hmmmm. That doesn’t add up, copper would never run out in an industrialized world, and prices are ONLY determined by politics. Please stop me, the sarcasm is painful ). Short term deflation caused by overproduction and business failures have given you a narrow window of time to prepare. But unemployment insurance cost is rising.
Traditionally, unemployment insurance beyond the actually named state run program consisted of savings, credit and mobility. I’m not sure what your state pays you for unemployment, after collecting taxes to do so, but I can guarantee that in the fiscal state most states find themselves, very shortly that will be nothing you can count on. Social Security MIGHT still flow, but it will not be properly indexed to real inflation. Although, at least you’ll get something. The states, however, can no longer issue their own currency. Only the feds can print Monopoly money. Which means, state programs get cut.
That is not to say the Feds won’t assume state programs. If it benefits a corporation, you might be able to count on that. Might. The last “recession”, the central bank was more interested in loaning money to the states than giving them any extra operating funds. I would probably bet on that rather than any cash money. Also, the last time, states tried to stick the counties with some of their bills, as crap always rolls downhill ( this is one of those priceless educations you receive almost immediately in the military. Better than college, right there ).
So, more than likely you are on your own come pink slip time. No problem, you proclaim, I have a perfect credit score and I have three months expenses in savings, and I’ve always heard Arizona is a nice place to live ( fill in the black wherever your kinds of jobs are ). These all worked in the past. Most of us here don’t spend everything we make, since to read me you have proven yourself to be, for lack of a more polite term, coo-coo for Coco Puffs. A bit bat crap crazy. NOT normal.
So, not only do you have savings, you have extra to pay back any short term debt you’ve taken on getting through a patch of unemployment. Or, you have the surplus to move to an area with actual jobs. The reason I don’t think any of these strategies are viable is the 33% REAL unemployment rate I’ve discussed before. AND, the poor financial state of the banks. AND, the high cost of living in areas with employment. AND, the guaranteed twice or thrice as bad as 2008 this downturn is going to be, just from lack of reforms being enacted.
Well, actually I REALLY think this is the last turn of our economy. I do think this is it, economically. No recovery, and it doesn’t take a rocket scientist to figure that one out ( Peak Oil, for starters ). So I do tend to plug into my calculations that any unemployment insurance you spend is totally wasted. But even if I’m wrong and there is a recovery, I still think it will be so long and uneven that you still will waste anything spent. As I’ve said before, your pink slip is actually the only warning you get to bug-out.
I used to say that in the context of fleeing the dangerous cities. But, also, I’m now adding that you only have this one last chance to make intelligent economic investments. Yes, SOME of you will never be without a job until the very end. No, this probably does NOT mean you. Sorry. Too many well educated damn fine workers were already given the permanent boot, even before the economy got this bad. It doesn’t matter how good YOU are, it matters how good the company is, or the economy. You are simply too far downhill to avoid that crap avalanche.
We all saw how quickly the banks yanked credit the last recession. As if none of us are good enough to pay their usurious 25% interest rates ( actually I think it is closer to 30%, or was, post 2008, for cash advances ). All too soon they pretty much slammed the door shut on mortgages completely for a time, waiting for their bought and paid for two dollar whore politicians to get ALL mortgages federal taxpayer guaranteed ( you know that socialist you all hate? Think about who bankrolled her for election. It wasn’t the Soviets ).
The point is, you cannot count on a credit card to give you a short term loan to move your ass to another make-work-job in a Sanctuary City. You do NOT want to move there anyway, gun-less and waiting for the Statists Brown Shirt OtherColor Division riots when FoodStamps are cut. Nor do you want to be in debt as the unemployment rate increases ( believe FedLie Statistics at your own peril ). Nor will you find a job there, Casper. Paradigm Implosion trends will continue exponentially. I pledge a jelly filled donut on that.
The money you have saved now? Do you honestly think you can in all likelihood replace it, in an economic implosion? When careful savers and frugal spenders met the Rust Belt Construction or the 2008 Housing Bubble, do you think their previous habits saved them from desperate local governments jacking up property taxes beyond their previous mortgage payments, making a mockery of their Social Security paycheck? You have to get so far ahead of those greedy asswhores you lose sight of them for awhile. Civil servants are several crap stair steps above you, and you WILL pay them before yourself.
It is all very well and good to blow up the county courthouse. That is good civil disobedience right there. Soft target, no casualties except maybe the old humper night watchman. But he was probably trying to triple-dip retire, so screw him. The problem is your property was already seized and auctioned before some bright boy mixes some explosives together ( perhaps you’ll have better luck figuring out the Army Improvised Munitions book than I did: http://www.lulu.com/shop/us-army/tm-31-210-improvised-munitions-handbook/ebook/product-697030.html
). Don’t underestimate their greed and desperation and dick-ish-ness in comparison to your “rights”. With that we take a break for the day since you have better things to do. Continued tomorrow.
( .Y. )
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Correct. My on the ground field reports mirror just what Jim has been instructing about for "YEARS". The idled and unemployment rate is way above what is stated. Your skills, background, financed college degree will only get you a half ass chance at a replacement job of any kind at any wage. It requires affirm action, or other networking insider juice to get even those menial positions. The urbans and attached burbs are festering boils ready to pop into a hot mess at the littlest provocation. The gov't and l.e.o.s will hold control and be paid first at all 'costs and by any means'. Unemployment is only good for 26 weeks, you will be out of work or enough income well past that. Food stamps won't be granted or enough, church food banks will get you some measles or typhus. Dumpsters will be staked out and claimed already by bum squads. Friends and family will be hit harder and in no position to help you out, don't count on that angle. If not of an ability to go near deep hermitage on own dime for well over a year or more, now, then your Minion Badge is hereby ripped off your uniform as you are unfit for duty.ReplyDelete
The good thing about the LEO's and their overlords getting paid first, no matter what, is that they will make lots of enemies very quickly. And a lot of unbalanced folks without meds will strike back. You might get the hard assassination work done for you. Not that you will care for the replacements ( warlords ), so don't take too long getting out of their jurisdiction.Delete
"Most of the insurance policies put into place for unemployment are no longer trustworthy or viable”ReplyDelete
I can answer at least some of your questions. I was laid off in 2015. I worked a skilled job in the semiconductor industry. I’m from Commiefornia, so unemployment insurance is better here than in most states. I got 24 weeks pay, and then it ended. Now, just prior to this, if you had not found a job within this time frame, it was extendable, to I believe, 99 weeks. I missed out on that one by about a year. If I recall correctly, I got around $250 a week. It goes up based on what you made, but I’m pretty sure it tops off at a maximum of around $400 a week. Being an unemployed, straight white dude, in your 50’s is a terrible thing, let me tell you. I’m not saying that it’s impossible to find employment (particularly if you are highly skilled) but you’re at the bottom of the hiring hierarchy. Sure, I could have commuted (I live in a small town) for the opportunity to be one of those dudes that wears the stuffed animal suit, and waves the sign on the side of the road, or donned one of those ultra gay Domino’s pizza uniforms going door to door, but I guess I’m not quite ready for that sort of humility yet :D You do still get some benefits however, and here’s the link detailing them:
“since to read me you have proven yourself to be, for lack of a more polite term, coo-coo for Coco Puffs. A bit bat crap crazy. NOT normal.”
I wouldn’t put it in such an unflattering way. I’ve always assumed that you were that one guy that didn’t get the PC memo, or flunked out of sensitivity training :D Oh, I’d say that you’re absolutely right, it’s just the timing that can be tricky. And as the old joke goes, a bad haircut can make even a genius look stupid (Einstein joke) so as it is with timing :D (Not a rip on you, just saying in general).
Oh, I understand. My perfect hair makes even this guy look smart :)ReplyDelete
Thank you for the kind words!ReplyDelete
Since you get paid in kind words, it's a cheap method of getting you to continue the great work :)Delete