Is it just me, or are other people finding themselves transfixed by the falling price of oil and the stock markets? I check on the current price/level of these things many times a day. And kind of.....smile. Is that strange?
I feel bad about smiling...sort of. But I've been hoping for something to shake and wake people up to the fact that the world is changing, and a stock market crash seems like a perfect way to get this done, in the Western world. It hits us right where we feel it most - in the bank account. Ice storms, fires, tornadoes and other natural disasters are other types of 'wake up' events, but they generally involve terrible physical harm and suffering for people and animals. And in the long run they are just seen as anomalies anyway, not as wake up calls to the reality of global climate change and to the damage we are inflicting on the earth. Sadly, the rich and powerful nations only consider something a true emergency if it damages the uber-precious 'economy.'
I realize however that you have to be careful what you wish for. Sure, I'm glad now that the price of oil is tanking, and that the bitumen upgrader scheduled to be build on prime farmland just a few miles from me is now on hold indefinitely. And I'm glad also that people may be waking up to the fact that true wealth is not found in a stock portfolio or a savings account. But I haven't lost my job, and no one I know has lost their job, at least not yet. This can, and probably will change. So in the meantime, I will keep learning how to grow and store my own food, pay down my debt, build up the wood pile, and get better at making do with less. And try and encourage others to do these things too, even if they think I'm kind of weird for harping on and on about it. Although, with each drop in the stock market those things are looking less and less weird.
As I type this, crude oil is down to $49.94 USD. The TSX is at 8087 and the Dow is at 7904.