Those were the words used recently by the CEO of JPMorganChase to describe what is coming. When a guy like that uses words like that, we are in deep doo-doo.
Whatever it is you need to do to get you and your family ready for a potential shit-storm, you need to do it. Now.
There is nothing we can personally do about gas prices. There is nothing we can personally do about the stock market. But if you haven’t already been stocking up on shelf stable food and other necessities in case of job loss or other calamity, I don’t know what else to say to convince you. The head of one of the oldest and biggest banks in the US is telling people to “Brace yourselves”.
This is serious. He’s saying that oil could go to $150 – $175 a barrel. (currently $116 a barrel). If that’s true, the suck hasn’t even gotten started yet. The skyrocketing price of fuel will impact absolutely everything else, but especially food prices.
If you haven’t planted a backyard garden or some containers on your balcony already, you really should do it. It’s not too late. In some areas the growing season is just getting started. YouTube and the rest of the interwebs are chock full of ideas for beginner gardeners in virtually any kind of situation. Some of the gardeners that I enjoy are:
https://www.facebook.com/HuwRichardsOfficial/
https://www.thesurvivalgardener.com
And then there are commercial pages, which can have good info even if they are trying to sell you something.
https://www.miraclegro.com/en-us/library/gardening-basics/10-top-gardening-tips-beginners
https://www.almanac.com/10-tips-beginner-gardeners
https://www.buzzfeed.com/nataliebrown/gardening-tips-for-beginners
When I find a good article I print it out and save it in a garden binder for future reference. I’d always rather have a back-up in print for just about anything – even recipes. I have a binder for that too. The internet may not always be around when you need it.
Some of my suggestions for easy and cheap crops to grow at home (if I can do it, so can you) – corn, beans, and squash, tomatoes and peppers, onions and garlic, cabbage, carrots, zucchini, sugar/pie pumpkins, leaf lettuce, kale, and spinach. Almost all of those can be dehydrated for long-term storage as well. Pick something easy and get started. Preferably a couple months ago, but now is better than nothing.
Stock up on food. Grow some of your own food. Make connections with a local cattle farmer. Make friends with someone who raises their own chickens and eggs. Get a chest freezer. Get a dehydrator. Learn to can. Hunker down and be frugal. Cook at home. You can’t eat ammo.
Watch your six. It’s going to get worse.