tag:blogger.com,1999:blog-6557458849091969678.post5178404237784369490..comments2023-06-15T09:13:45.467-04:00Comments on Liberty's Torch: ReservesFrancis W. Porrettohttp://www.blogger.com/profile/05862584203772592282noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6557458849091969678.post-41994636261644267022020-04-28T16:21:38.541-04:002020-04-28T16:21:38.541-04:00There's a powerlineblog post about supply chai...There's a powerlineblog post about supply chains:<br /><br />https://www.powerlineblog.com/archives/2020/04/what-happens-if-we-break-the-pencil.php<br /><br />As someone who has worked in manufacturing for years and heard/taught/led LEAN and JIT and so on, one of the things I kept talking - to the detriment of my career, actually - was "What if there's a hiccup"?<br /><br />Murphy, even on the small scale, is out there - and he's an SOB. Now we have Murphy cackling on a truly global clusterfark and yet, I concur, the C Suite SOBs are more concerned about their bonuses than the survival of their companies and their employees' long-term prospects.NITZAKHONhttps://www.blogger.com/profile/04110716447757507226noreply@blogger.comtag:blogger.com,1999:blog-6557458849091969678.post-380398948263332942020-04-28T09:37:05.931-04:002020-04-28T09:37:05.931-04:00I think the key is to put a foot in both places - ...I think the key is to put a foot in both places - yes, be prepared with physical goods and housing, but also accumulate some diversified savings, pay down bills (but also maintain a line of credit - just in case), and - perhaps most importantly - get/keep your body in shape.<br /><br />Yes, I know round IS a shape - but, that's not what will save you in an emergency.<br /><br />Too great a dependence on one strategy, and you will make yourself incapable of handling emergencies of another kind. If all your strategies are designed around living off stored supplies and what you can find in a remote location, well, then you are not prepared for the alternative of being physically/mentally incapacitated.<br /><br />If you save up investments in a IRA, you could find your stash wiped out in a financial meltdown, or confiscation scheme of the government.<br /><br />Cash is king. Unless the government repudiates the paper.<br /><br />Goods stored are also vulnerable to theft. Guns can be confiscated. Just about every strategy can be defeated.<br /><br />Except for a balanced one, that doesn't put all the eggs in one basket.Linda Foxhttps://www.blogger.com/profile/15024201252345608291noreply@blogger.comtag:blogger.com,1999:blog-6557458849091969678.post-9084520770496724512020-04-28T06:29:50.812-04:002020-04-28T06:29:50.812-04:00Tax laws also incentivize JIT Tax laws also incentivize JIT Differhttps://www.blogger.com/profile/15581662615586346808noreply@blogger.com