Thanks. I was in the Army 5 years, my friends are combat vets, and I'm active in the veteran community. I intentionally don't follow politics or anything that's going to keep me on high alert. In my home, I'm prepared for things that are likely, like not having power for days. For me, that's food, water, a Jackery, 2 portable 100 watt solar panels, camp stove, extra fuel, flash lights, and an electric heater. I also have all of that stuff in my SUV but space restriction prevents me from having more than a few days worth.
Me too! Desert Storm/Desert Shield '91. That was a short shirmish. I am fortunate enough to get 100% of my healthcare, and 1/2 of my rent paid by the VA. I on the otherhand choose to maintain situational awareness, and preparedness.
Let me break it down for you:
Russia provides about 2/3 to 3/4 of the wheat to the world. Since the sanctions about 4 days ago, flour for bread is already in short supply in the Near Eastern countries. Still don't see how that affects you at Walmart?
If/when the "supply chain" for flour to the US and North America begins to dwindle, you may go to Walmart to buy some bread for sandwiches and not be able to. Not because your money is no good (unlike the Russian people at this time, but topic for another subject...), but because it is unavailable. So you say, no problem - I will just buy some flour and make my own. Again, flour shortage. About the only stuff left on the shelves will be premade stuff like Bisquick and pancake mix (of which I have a boat-load that all you have to do is mix with water).
Fun Fact: in moderized countries, any given grocery store ONLY stocks 3 days worth of supplies. Period. So, again - our dollar may remain stable, but like in COVID2020, there may just not BE any stocks on the shelves. Why?
Because... oil. Russia, along with the US and Saudi Arabia supplies 1/3 of the oil in the World. Still don't see what that has to do with the price of bread on the shelves at Walmart? Currently, although the current administration has managed to negotioate terms for oil supply with Saudia Arabians, the Saudi's are not turning on the spigot nor are they lowering the price of a barrel of oil. So if I have to explain it, the higher price of a barrel of oil translates into higher prices at the pump. For folks who are dependent upon gasoline for their very survival (locomotion, energy, recharging the battery in you vehicle vis a vis an alternator= battery = spark for your combustion engine), higher prices at the pump may cut in significantly to your monthly budget, or your savings - how ever you are currently financing your adventure.
If you remember, even in recent events - higher prices for gas translate into higher prices for products because .... truckers rely upon gas/diesel like you do.
And, even before "He-who-shall-not-be-named" attacked an adjacent country (who happens to supply the necessary elements for semi-conductors), the Fed had announced that they were going to raise the interest rate from it's COVID rate of 0% to a more acceptable rate for major investors to promote the economy. Whether you choose to pay attention or not - unless you are a breathatarian and have no need for products and services - you are part of and depend upon the economy.
So, as evidenced by the effects of Sanctions upon a foriegn country as an example - imagine going to bed with $100 in your checking account, and waking up and it is only worth $1!!! And, when you go to the ATM to get your last remaining dollar, the banks are closed. You can't get your money out, even if you have more than $1 - such are the effects of Sanctions on the Russian people. So what does this have to do with you? No one has to bomb the US for the effects of a war across the ocean to affect citizens in North America. Whether we choose to pay attention to it or not, America and all other nations are part of a global economy. Therefore, what affects another country then translates to an effect down the "supply chain" (that dreaded word). Truckers don't have to go on strike and barges don't have to be stalled in the harbours for citizens to be affected by global events.
Thank you for coming to my TEDtalk.