Inflation is likely to persist for decades, affecting the most of the hobbyist among us for the rest of their lives. We’ve already weathered the subprime crisis of 2008 and the pandemic that began in 2020. Governments around the world have spent heavily and will eventually need to repay those debts. If you’re aware of this reality, you’re ahead of many who aren’t.
Prepare for a lifestyle that may not match what you’ve enjoyed in the past. Expect to pay more for less, and brace for a sluggish economy for the foreseeable future. Life may not be as good as it once was. Even if you’ve taken steps to shield yourself from tougher times, many others haven’t, and they’ll be facing greater hardships.
Be ready for a society where people struggle more than you do. You might encounter U-men in dire situations, seeking help, and there may be unrest among those who feel left behind. Those who are comfortable will likely need to find ways to protect themselves from those who are not.
I envision a bleak future where U-men roam the streets, pestering people for loonies, and resorting to violence if they don’t get what they want. At night, the cacklers emerge, disturbing the peace out of their own discontent. It seems like things will deteriorate for a long time before there’s any chance of improvement. Is there any hope for a revival of the world economies, returning to a time when each year was better than the last, reminiscent of the post-baby boom era? Insulate yourself from hard times and know that you are better off than most. If I am wrong and exaggerated how things could be, then you will still be in the best place you can be by preparing for hard times.
