Friday, September 25, 2015
Relax and Enjoy the Decline - Where the Cat goes the World will Follow
Oops.... Wrong type of Cat. So the news that should be rocking the prepping world today is that Caterpillar Corp. is cutting almost 10% of it's work force and reducing future sales predictions.
Sales of large scale industrial earth moving equipment and other products Caterpillar sells are a good bellwether sign almost as telling as the Baltic Dry shipping numbers for what is heading the worlds way as far as growth and financial matters go.
Of course this is nothing new to those of us out on the edges of society. We have been seeing less road work, weedier ditches and washed out gravel more and more for years now. All while the transportation departments are screaming for more money.
The official reason for this decline in Caterpillar's sales is being blamed on current oil prices and the financial problems of those companies invested in oil that are now having liquidity flow issues because of them, but I believe this is more of a worldwide problem that is hitting pretty much all commodities from oil drilling to mining and development the world over.
To tell ya the truth with all the bad financial news and Blackswan events going on I am beginning to think the current doomsayers for a Fall to early Winter crisis and/or collapse maybe on to something this time. Of course we know the collapse has been steadily marching on for years now but perhaps the speed is about to pick up? Perhaps the service side of the financial industry is going to feel some pain this time around?
This really could prove interesting. Are you ready?
Keep Prepping Everyone!!!!!!!