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38.8K Will 2024 be a dumpster fire?

Every new year comes with a set of new predictions. Times are always changing, and each year I like to come up with my own set of possible SHTF situations. This year’s list is an adaptation of what I predicted in 2024. Fortunately, they didn’t come to fruition, but those predictions largely remain here, because they are still possibilities.

There are plenty of reasons to prep in 2024. The reasons seem to keep growing every year, and its why SHTF preppin g seems to gain more attention and interest with each passing year. There seems to be a collective unease about the future. Its hard to put our fingers on exactly what it is that feels off, but its something maybe its everything. But were all feeling it.

Hold on. Let’s back up for a second…

Table of Contents Toggle What is a SHTF Situation?Common SHTF Situations that Happen Every YearFinancial HardshipNatural DisastersLong-Term Power Outages5 Possible SHTF Situations in 2024#1 – World War III#2 – Supply Chain Disruptions#3 – Great Depression 2.0#4 – Political Violence in the U.S.#5 – Electromagnetic PulseWill We Face a SHTF Situation in 2024? What is a SHTF Situation?

The acronym SHTF stands for sh*t hits the fan. Its used when referring to a situation that goes from bad to worse. It can refer to catastrophic scenarios, like when the storm surge during Hurricane Katrina caused the levees to burst, or it can allude to a personal disaster, such as job loss after an extensive and costly illness.

A SHTF situation is the event that leads to a local or global crisis, catastrophe, or doomsday itself.

Individual responses to these situations are as varied as the type of SHTF situations that arise. Reactions depend on where the person lives and how well he or she has prepared for the situation.

The reality is we dont know what the future holds, and thats precisely why we prep. If we knew for certain that everything would be honky dory in the years to come, what would be the point in preppingreally? There wouldnt be any point. Common SHTF Situations that Happen Every Year

We lack the crystal ball needed to predict exactly what might happen in 2022. Further, there is an infinite number of SHTF scenarios, and you wont be able to prepare for every single eventuality. For example, its hard to prepare in advance for a meteorite collision in any efficient manner. However, as preppers, we know there are practical things we can do in the event of financial hardship or natural disasters before these situations arise. Financial Hardship

We are not talking about surviving an economic collapse here (more on that in a bit). We’re talking about the financial hardship that can happen to anyone at any time. The company you work for might suddenly declare bankruptcy, leaving you without gainful employment. You may get fired or laid off. An accident or illness could leave you unable to work.

Financial hardship events happen to thousands upon thousands of people in all walks of life every single year. It may have happened to you at one point or another already.

Even if you have stable employment, a larger economic collapse could make it difficult to make ends meet, no matter how many hours a week you work. A sharp rise in inflation could cause you to get behind in house payments. An expensive medical procedure can wipe out your savings. Any of these situations can result in a financial hardship that – if you arent prepared for it – can become an SHTF situation. Natural Disasters

Worldwide, natural disasters kill approximately 90,000 people each year and have serious consequences for another 160 million. The type and severity of a natural disaster in your area depends on your location. Obviously, those that live near Mount Saint Helen have a higher likelihood of experiencing a volcanic SHTF scenario than those that live in New Jersey.

Wildfires, heatwaves, and droughts caused $74.4 billion in losses in the United States in 2020, up 88% from $39.6 billion in 2019 (I told you things weren’t getting better). Natural disasters are more common than not.

Not only do natural disasters cause physical damage to an area, but they can also spawn financial hardship. If your home is destroyed in a wildfire, then you are often affected physically, emotionally, and economically.

Tornadoes and floods can destroy homes, businesses, and have other effects. Not having enough provisions stocked away can be a serious oversight on your part, leading to a worsening SHTF situation.  Long-Term Power Outages

I’m not talking about an electromagnetic pulse (EMP) nuclear attack here, though an EMP could occur because of a coronal mass ejection (CME), lightning strike, or powerline surges. Those are not common; however, there are ways to protect your home against one.

I’m talking about situations where you experience long-term power outages that are a result of storms and earthquakes that damage the powerlines in an area, sometimes causing power outages that last several weeks or months. Damage to power lines caused by animal interference or an automobile accident may cause power outages of a shorter duration. 

Electrical outages due to natural disasters, inability to pay your bill, and insufficient personnel to run power facilities due to a pandemic are quite likely unless you have a backup power source. Those that live in Maine, South Carolina, Alaska, North Carolina, Louisiana, and West Virginia have more occurrences of power outages than most states. So, your likelihood of experiencing some sort of power disruption is higher in those states generally.  5 Possible SHTF Situations in 2024

What follows are what I consider to be possible SHTF situations we could face in 2024. As stated, we have no crystal ball that lets us look into the future. My five predictions are a mix of building off what happened in 2022 and gut feelings.

My predictions probably won’t materialize… but they could. Anything could.

These predictions are also not the “common” SHTF situations previously listed. Those happen every year and will certainly happen to some of us in 2024.

What I’m talking about here are more abnormal and extreme SHTF situations. These are events that could impact far more people in far worse ways. #1 – World War III

Weve been watching the war in Ukraine unfold for a while now, and Putin seems to be quite fine sending more and more into the meat grinder knowing full well that Ukraine, and the west in particular, cant stomach the toll and financial cost as long as he can.

Now we can add the Israel and Hamas conflict on top of that, andof coursegrowing tensions with China and heightened tensions in the South China Sea and a new world order that seems to be taking shape where countries long opposed to US dominance are forming stronger ties with one another as a US counterbalance.

As of 2023, the international relations stage is experiencing significant changes, with middle powers like Brazil, India, Kazakhstan, Saudi Arabia, and Turkey playing increasingly prominent roles.

China’s assertive territorial claims and land reclamation efforts have antagonized competing claimants like Indonesia, Malaysia, the Philippines, Taiwan, and Vietnam. This region is critical due to its rich natural resources, including oil and natural gas. The United States has played a role in preventing military escalation resulting from this territorial dispute, but China continues to increase its military activity in the region, which could potentially escalate tensions further.

Will we see a new version of the Cold War-era Warsaw Pact with China, Iran, Russia, and other countries forming a counterbalance to NATO? Will we see World War III?

I hope not. #2 – Supply Chain Disruptions

Supply chains can be disrupted by events as small as one part shortage or as large as a global pandemic. The covid pandemic laid bare the fragility of our global supply chain infrastructure, loally, nationally, and in particularglobally. COVID-19 led to supply chain disruptions that could be MUCH worse in a larger crisis.

The supply chain, which we rely on for all of our goods, is an exceptionally complex network that relies on interconnected people, processes, and products. It spans across many countries and industries.

Its efficiency and reliability are crucial for the smooth operation of the global economy, but it is also vulnerable to disruptions. These disruptions can arise from numerous sources and have far-reaching impacts.

Natural Disasters can damage critical infrastructure such as roads, ports, and factories, leading to delays and shortages. Health Crises, again the COVID-19 pandemic is a prime example of how health crises can lead to supply chain disruptions. Economic crises, changes in trade policies, tariffs, and sanctions can also impact supply chains. Cyberattacks: In an increasingly digitized world, supply chains are vulnerable to technological disruptions.

What concerns me most from a disruption perspectivebeyond our extreme dependence on this fragile systemis the potential impact of geopolitical tensions, which only seem to be growing. Whether its the grain shipments that were an issue with the Ukraine war or computer chips and our over-reliance on China to produce them.

Regardless, its my view that since COVID and the growing tension with China, the supply chain is now being seen as a weapon of sorts, and China has been very good at building alliances and systems around the global supply chain that the West depends upon. If this was disrupted, particularly if it was used as a weapon, it would have far reaching impacts on our daily lives.

One of the most immediate effects of supply chain disruptions is the shortage of goods. This can range from consumer products to essential items like food and medicine. Supply chain disruptions can lead to economic losses for businesses and increased costs for consumers. It can also impact the global economy, as seen during the COVID-19 pandemic.

Companies may face operational challenges, including the need to find alternative suppliers, re-route shipments, or adjust production schedules. Disruptions in the supply chain can lead to increased costs for transporting goods and sourcing materials, contributing to inflation. Disruptions can lead to layoffs or reduced hours for workers in affected industries.

Our modern, just-in-time delivery system is more fragile than most people understanduntil its too late. #3 – Great Depression 2.0

As I write this, it appears that worries over an economic recession in 2024 are receding, but are we being fooled? We might be.

Im no economist, but itd seem to me that between the growing national debt levels, and years of endlessly printing money, compounded by higher prices and real estate market that seems to be detaching itself from typical ebbs and flows, our economic footing seems questionable.

A recession doesnt worry, but my fear is that things could spiral well beyond a recession to a depression! Malnourition was rampant during the Great Depression.

The term ‘economic depression’ is used to describe a severe and prolonged downturn in economic activity, typically characterized by significant declines in GDP, high unemployment, deflation or hyperinflation, reduced consumer spending, and widespread business failures.

There are a variety of potential triggers for an economic depression in 2024. Geopolitical Tensions: Escalating geopolitical conflicts can disrupt global trade and fuel uncertainty, impacting economic stability. Financial Market Crash: A major crash in global financial markets could erode wealth and consumer confidence, leading to reduced spending and investment. Debt Crises: High levels of public and private debt could become unsustainable, particularly if interest rates rise, leading to widespread defaults. What most people may not think about is how an economic depression could impact more than just our jobs, wallets, and retirement accounts. Social and Health Impacts: Increased poverty, mental health issues, and reduced access to healthcare can result from high unemployment and reduced government services. Political Instability: Economic hardship can lead to social unrest, political upheaval, and the rise of extremist ideologies. Long-term Economic Changes: In response to a depression, significant changes in economic policy, business practices, and consumer behavior are likely to occur.

I know Im not alone with this worry, and Im pretty sure that, historically speaking, were probably well past due for a serious economic correction.

An SHTF financial crisis could mushroom into something well beyond our control. Think Great Depression 2.0. Do you know how to survive an economic collapse? You might need to. We all might. #4 – Political Violence in the U.S.

The political divide between the left and right was already wide in 2019. It became a chasm from 2020 to 2023, and unfortunately, it shows no signs of abating. In fact, a Cornell University report says that we may have reached a ‘tipping point’ where partisan polarization is irreversible.

Instead of uniting against a common threat, said lead author Michael Macy, Distinguished Professor of Arts and Sciences in Sociology and director of the Social Dynamics Laboratory in the College of Arts and Sciences, the threat itself becomes yet another polarizing issue. https://news.cornell.edu/stories/2021/12/tipping-point-makes-partisan-polarization-irreversible Could America’s worst enemy in 2022 be itself?

Political violence is not new, of course. We see it happening all over the world, and it has happened on American soil before.

I’m not talking about another Civil War. Contrary to what many people might say, I think this country is stronger than that. Today’s dynamics aren’t the same as what they were in 1861. The divisions are less state based and more urban versus rural. We have red and blue states, of course, but within each red state are blue urban centers and within each blue state are red rural areas.

Additionally, there are heightened tensions on educational campuses across the country. Advisers to the Homeland Security Secretary have issued urgent recommendations for a federal response to campus threats, antisemitism, and Islamophobia.

Collectively, these issues illustrate a landscape of increasing political polarization and potential flashpoints for violence. The disagreements over foreign policy, domestic social issues, economic strategies, and campus safety are reflective of deeper societal divisions. As the 2024 election approaches, these tensions could escalate, making the prospect of political violence a serious concern.

It’s unfortunate and sad to see the division within our own country. Unfortunate, sad, but also a reality. I hope people in this country can find more common ground. I hope. I hope for the best. I prepare for the worst. #5 – Electromagnetic Pulse

My most worrisome SHTF possibility for 2024 is the possibility of an electromagnetic pulse or EMP. This is probably the least probably event of those Ive mentioned here, but it would also be the most devastating, leading to TEOTWAWKI The End of the World as We Know It.

An EMP is a burst of electromagnetic radiation that can result from a high-altitude nuclear explosion or from naturally occurring phenomena like large solar flares. The key concern with an EMP is its potential to disrupt or damage electronic systems and electrical infrastructure. An EMP attack could be used to topple the nation rather than attempting direct combat.

Much like the global supply chain, our modern electrical grid system is exceptionally fragile system, and a long-term disruption to it would have devastating outcomes.

EMPs can damage satellites, cell towers, and other communication infrastructure, leading to widespread communication failures. Modern transportation systems, including cars, trains, and aircraft, rely heavily on electronic sysems that could be vulnerable to EMPs.

Hospitals and emergency services rely on electronic equipment and communication systems. An EMP could severely disrupt these services. The economic fallout from an EMP event could be significant, given the reliance of modern economies on electronic systems and power.

Ive mentioned this before in other videos, but if you want to take a deep dive into the potential effects of an EMP, read Report of the Commission to Assess the Threat to the United States: from Electromagnetic Pulse (EMP) Attack. Report of the Commission to Assess the Threat to the United States: from Electromagnetic Pulse (EMP) Attack Electromagnetic Pulse (EMP) Commission (Author)English (Publication Language) $8.99 Buy on Amazon Will We Face a SHTF Situation in 2024?

Those are my guesses at the top five less-common SHTF situations we could face in 2024. Their likelihood is lower than the more common challenges that arise every year; and when prepping, those are what you should focus on first.

Get your food and water secured, home defenses in place, and build a financial safety net. All these preps will help in any SHTF situation, common or extreme.

To get a general idea of whether you will face an SHTF situation, you need to consider the likelihood of an event in your area. Those that live in Nebraska probably wont need to worry much about hurricane damage; however, tornados are potential problems. 

Your preparedness will also determine whether a tragedy becomes an SHTF situation or not. For example, having multiple sources of income, six months’ of savings, low or no debt, and a stockpile of food could avert a financial crisis in the event of a major illness, job loss, or recession. 

So do your research, take precautions, and get your sh*t together! Youll have a better chance of weathering any SHTF situation that comes your way.

What are YOUR predictions?

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OSU’s Bjork tells CFP: Calendar change needed

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OSU's Bjork tells CFP: Calendar change needed

LAS COLINAS, Texas — Ohio State athletic director Ross Bjork told leaders of the College Football Playoff on Tuesday that the sport’s calendar needs to change, and it’s a critical component as they consider the playoff’s future format.

Bjork, just months removed from watching his Buckeyes win the national title, attended a portion of the annual CFP spring meetings to provide feedback with the three other athletic directors who participated in semifinals and hosted first-round games: Texas athletic director Chris Del Conte, Penn State athletic director Pat Kraft and Notre Dame athletic director Pete Bevacqua, who is part of the CFP’s management committee along with the 10 FBS commissioners.

Bjork said CFP executive director Rich Clark asked if he had one major point he wanted to make before leaving.

“We’ve had so many disruptions over the last five-plus years that I think the time is now to not be reactive, be proactive,” Bjork told ESPN. “When we had this setting here with the commissioners, our job was to provide feedback on what was it like to go through the 12-team playoff … but it all gets impacted by the calendar. I felt it was important to lay that out with everyone in the room to say, separate from the CFP process, if we don’t fix our calendar as an industry, then we’re going to continue to have unintended consequences.”

Bjork shared with the commissioners the perspective of a school trying to win a national title while classes had begun Jan. 6. Ohio State’s academic advisers traveled with the team to the semifinal and national title game, he said, but some athletes missed class and the school had to apply for waivers around the countable athletically related activities, which limits schools to 20 hours of practice time while classes are in session.

“When you don’t have class, there is no limit to CARA hours,” he said, noting that Texas started classes later. “It created some disadvantages. It all goes back to what’s countable CARA hours, NCAA structure. The portal is the next big conversation after the House case and truly what kind of rules can we set? Will we have the authority around transfer rules to set some parameters?”

Bjork said the transfer portal needs to move to a 10-day period in May for fall sports because if the NCAA House settlement is approved, most of the players are going to be signing revenue share agreements with the schools from July 1 to June 30.

“May makes the most sense” to align player contracts with the portal, Bjork said.

Bjork, who said he’s on the implementation committee for the House settlement, said “if everyone follows the structure, it’s going to be a great structure.”

“And everyone has to follow the rules,” he said, “and agree that this is the structure, which we have to. If we don’t do that, then what good is the settlement?”

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Trump v Powell: What’s behind their spat?

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Trump v Powell: What's behind their spat?

Tensions between US President Donald Trump and US Federal Reserve chair Jerome Powell have hit a new high.

But why has the pair’s relationship deteriorated so badly? And what are the issues behind their spat?

Sky News correspondents Mark Stone and Paul Kelso take a closer look…

Powell’s independence is a problem for control-obsessed Trump

Mark Stone, US correspondent

The feud between Donald Trump and Jerome Powell is as predictable as it is serious.

Jerome ‘Jay’ Powell holds one of the most powerful and influential positions in the world.

As chair of the US Federal Reserve, he wields the levers which control global economic stability, such is the power of the US dollar.

A trader works on the floor at the New York Stock Exchange, as a screen broadcasts a live interview with US Federal Reserve Chair Jay Powell on 16 April 2025. File pic: Reuters
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A trader works on the floor at the New York Stock Exchange. File pic: Reuters

The position comes with a huge amount of autonomy. Fed independence is seen to be paramount.

For a full-control-obsessed president like Donald Trump, that’s a problem.

Read more:
UK ‘will be among hardest hit’ by trade war
How Trump changed his mind on tariffs

The American president cannot tell the Federal Reserve chair what to do – and that is by design.

But Trump could fire Powell if he chose to – unprecedented as that would be.

You only need to look at the market reaction to Trump’s language about Powell for a hint at how his firing would impact the global economy.

“Powell’s termination can’t come fast enough,” Trump said last week.

On Monday, he called Powell a “major loser”. This schoolyard language has global economic implications.

The markets – including the all-important bond markets – reacted with sell-offs at the end of the day.

Donald Trump leaves the Rose Garden after announcing Jay Powell as his nominee to become chairman of the US Federal Reserve in 2017. File pic: Reuters
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Donald Trump leaves the Rose Garden after announcing Jay Powell as his nominee to become chairman of the US Federal Reserve in 2017. File pic: Reuters

Powell is a registered Republican. Trump hired him as Fed Reserve Chair during his first term but the relationship became fractious, fast.

Yet Trump did not remove him back then.

The position has a four-year term and President Joe Biden nominated him to a second term in 2022. That gives him until 2026.

Trump sees Powell increasingly as a barrier to his agenda. Trump’s ‘burn hot’ economy ideology does not align with Powell’s more pragmatic centrist ideology.

Read more:
Trump’s tariffs could affect globalisation
DHL suspends some shipments to US

He is unable to influence and bend Powell in the way that he has done with his own cabinet and members of Congress.

In his first term, Trump was talked out of removing Powell. But we know this second term is wholly different. He was talked away from the edge on many issues during his first term. This time, in many areas, he’s jumped.

Remember, Trump forced out two FBI directors – one in each term – because neither was considered to be loyal enough. The FBI, like the Federal Reserve, is considered traditionally to be independent.

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Could Trump make a deal with the UK?

Of course, the Federal Reserve has a profound global influence in a way the FBI, as an institution, does not.

The fed chair, with his role in setting interest rates and so much more, is arguably the last powerful, independent pillar of the economic policy structure in the US.

Congress has largely devolved its role to Trump and the executive branch, as illustrated by his tariff plans (which Congress could have influenced but chose not to).

Donald Trump’s removal of Jay Powell and replacement with a compliant loyalist could fundamentally shake the global economy.

Powell is one of the few reliable actors left defending economic stability in the US

Paul Kelso, business and economics correspondent

Donald Trump’s disparagement of Jay Powell as a “major loser” is not the first time he has insulted the man he appointed as chair of the US Federal Reserve in 2018.

The president appears to have had buyer’s remorse from the moment he approved the former investment banker to fill a post that is fundamental to US economic stability.

Trump was calling for the Fed to cut rates and stimulate the economy long before he was re-elected, but online barbs have more consequence when fired from the Oval Office than the campaign trail.

Equivalent to the Governor of the Bank of England, the chair of the Federal Reserve ultimately directs US monetary policy, including the setting of short-term interest rates, with the aim of maintaining high employment and stable inflation.

That makes Powell a crucial figure amid the chaos and incoherence of Trump’s economic policy, which in less than 90 days has shattered the certainties that made America the world’s largest economy, and the dollar the global reserve currency.

Jay Powell in Washington DC in March. File pic: Reuters
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Jay Powell speaks to the media in March. File pic: Reuters


The market reaction to Trump’s venting against Powell, and briefing that his administration is considering ways to remove him from office, suggests investors fear it will make a bad situation worse.

As traders returned from the Easter weekend with the president’s criticism of Powell ringing in their ears, the “Trump slump” deepened.

US stocks and the dollar fell, while yields on US Treasuries – the mechanism by which the government borrows money – rose, indicative of falling bond prices as investors dumped US debt.

Gold prices, meanwhile, hit a record $3,500 an ounce as investors piled into what remains the pre-eminent “safe haven” asset in times of uncertainty.

The combination of falling equity, currency and bond prices is a toxic trifecta more usually associated with emerging economies in political crisis, not the mighty United States.

We saw something similar here in 2022, when Liz Truss and Kwasi Kwarteng’s unfunded tax cuts, presented without an independent assessment from the Office for Budget Responsibility, caused a run on the gilt market.

Then it was the Bank of England that stepped in to stabilise the bond market.

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How will tariffs impact you?

What’s happening in the US is both bigger and more consequential.

Trump’s tariff program, seemingly imposed and withdrawn by presidential whim, has already proved disastrous for market sentiment, with expectations of higher inflation and lower growth, at home and globally, set to be confirmed by the International Monetary Fund in Washington this week.

Powell and the Fed are among the few reliable actors in this drama, with markets betting their next meeting in May will see rates held, in part because of inflationary policy made in the White House.

The prospect of Powell being replaced by a more pliant figure hand-picked by Trump would pull another block from the wobbling Jenga tower of US economic credibility.

The independence of the Fed is one of the foundations of American stability, an assumption that underpins the $29 trillion Treasuries market that makes the world’s debt go round.

If investors large and small, state and private, fear that the US is not good for that debt, it could be calamitous for American pre-eminence and the global economy.

Powell’s term ends in 2026 and he believes he cannot be removed by presidential decree.

That does not mean he will not face more pressure to stand aside.

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Environment

Commercial financing for EVs is way different than you think | Quick Charge

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Commercial financing for EVs is way different than you think | Quick Charge

No matter how badly a fleet wants to electrify their operations and take advantage of reduced fuel costs and TCO, the fact remains that there are substantial up-front obstacles to commercial EV adoption … or are there? We’ve got fleet financing expert Guy O’Brien here to help walk us through it on today’s fiscally responsible episode of Quick Charge!

This conversation was motivated by the recent uncertainty surrounding EVs and EV infrastructure at the Federal level, and how that turmoil is leading some to believe they should wait to electrify. The truth? There’s never been a better time to make the switch!

Prefer listening to your podcasts? Audio-only versions of Quick Charge are now available on Apple PodcastsSpotifyTuneIn, and our RSS feed for Overcast and other podcast players.

New episodes of Quick Charge are recorded, usually, Monday through Thursday (and sometimes Sunday). We’ll be posting bonus audio content from time to time as well, so be sure to follow and subscribe so you don’t miss a minute of Electrek’s high-voltage daily news.

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Drop us a line at tips@electrek.co. You can also rate us on Apple Podcasts and Spotify, or recommend us in Overcast to help more people discover the show.


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