STILL NEED A REASON TO PREPARE? I GIVE YOU THE GOVERNMENT SHUTDOWN / DEFAULT
When folks ask us “Why should I prepare?” one of the every day, practical examples I offer is unexpected job loss, or injury / event that would prevent you from being able to work. Any event related to this or a similar situation would absolutely constitute a personal SHTF scenario.
Even if you believe you have no fear of losing your job, the events of this week in Washington D.C. reaffirm the fact that there are numerous ways your livelihood can be impacted by forces that are completely and totally beyond your control.
Thousands of workers across this vast country have been furloughed due to the government shut down and have absolutely no idea when they will be permitted to go back to work or when they will next receive a paycheck. I would be willing to bet you a dollar to a doughnut that most of those impacted are like many of their fellow Americans, living paycheck to paycheck with very little to no buffer between themselves and a financial crisis, and they are feeling the pinch.
With no indication the federal government will get it’s act together in the next couple of weeks, the next axe poised to fall is a default on our country’s debts. Just today the Treasury Department issued a dire warning stating that a government default could cause credit markets to freeze, the value of the Dollar to plummet and interest rates to skyrocket. This could have catastrophic ramifications for our nation and the world.
By taking basic steps to be more prepared such as having a few months food supply on hand and taking every step you can to get out of debt, you can create a buffer and buy yourself some time should you ever be impacted by events that are out of your control. If you were to lose your job or be furloughed for an unknown period of time, you would still have the ability to provide the basics for yourself and your family and allow yourself the flexibility to prioritize your now limited funds towards keeping the lights and water on and a roof over your family’s head.
This is a crazy world we live in and it is getting more and more unpredictable every day. Not only must we be prepared to deal with the known threats we face daily, we must also be ready to weather unforeseen storms when they darken our skies. These threats, known and unknown, are the reasons it is only prudent to take whatever steps we can to be ready should the need ever arise.