Rob in KS said:
Here in Kansas and much of the plains, this is the second broiling hot summer. Fields that should have produced 50 bushels/acre are lucky to get 10. Some fields aren't even worth the time and diesel to harvest. The price of hay has skyrocketed, a small heard can eat a big round bale in 2 days... at $50 or $60 a bale. There are about 120 days that the cows would be on hay, so you can see how that adds up. Some ranchers were reducing their herds LAST YEAR. That means fewer cattle in the future. Cows all around and I haven't had a steak in years.
Ironic that the downtrend of the economy is also hitting the owners of riding horses. People who for all appearances are in the "upper crust" of society are not paying stable bills, and sticking the stable owners with the task of paying for feed out of their own shrinking profit. Just finished reading a feature article in this mornings newspaper about horses being sent to non-profit shelters because the owners can no longer afford the $35 to $65 per round hay bale cost. The cost has risen from about $12 per bale average price two years ago.
I want to restate that the horse owners are not unemployed, but are feeling the sting of the falling economy. Hence they are cutting back on "luxuries". The "unemployed" in this scenario will be the stable owners and workers.
Small animal shelters are already over capacity with pets that have been brought in by impoverished owners. Taxpayers are being asked to increase funding for the shelters (bond issues on upcoming election ballots).
It does not take much "standing back and looking at the big picture" to see that we all are in a vast downward economic spiral. Likely far more unrepairable than the last great depression. During that depression there was not a huge population perpetually dependent on government handouts. This time, I'm afraid that when the government can no longer find enough taxpayers to feed the welfare entitlement masses, we will see crime become uncontrollable.
I can pull up volumes of historical precedence where former great societies have declined into non-existence due to government overspending. It does not require a PhD in economics to see the obvious. The national debt calculator is just about to display the $16 trillion figure. That number is deceptive. It shows what we owe ABOVE what we take in. Meaning our government is spending the total of what it takes in plus the outlay for all government operation plus interest owned on borrowed money. A figure FAR larger than $16 trillion.
Currently there are "fixes" proposed for reducing the national debt. This is a tender subject in an election year. All politicians blather about why we are in such a pickle and how we can get out of it. Based on common logic, it can not be done. Add to that the difficulty of convincing the large part of the population that is unwilling to settle for reduced entitlements. Our ticket to the ride on the economic death spiral has already been purchased.
Since I am not allowed by forum rules (and rightly so) to get into a politically charged rant, likely I have at times danced on the edges of sanction. In private my close friends (all retired business executives and professionals) get together to toss ideas around. We have arguments. We propose hypothetical scenarios of what 2013 will look like economically under different administrations. Frightening that our scenarios coalesce and "see" two sharply different futures depending on how the November election turns out. I won't post those detailed scenarios here. One scenario is a trip over the cliff. The other is belt tightening the likes of which we have never seen.
I'm curious ... what is everyone here on the Treasure Net doing to prepare for future tough times? Initially this thread was started to ask how do we feed the kids, but what are the unemployed doing to prepare for the possibility of even rougher times ahead? What are retirees doing to protect their income flow? Savings? Personal survival and protection?
M