Quote from Misthos:
Look, preparation varies by individual. Some go completely off grid, others just have a lot of canned food stored. And most that prepare are in-between those two extremes.
But look at it this way, I have fire insurance on my house, not just because the mortgageholder requires it, but I prefer to have it. But what are the odds my house catching fire? Pretty slim to nil.
I think the odds of a temporary breakdown caused by an economic dislocation are higher than my house catching fire. So it's logical, to me, to prepare. I prepare for my house catching fire by having insurance, right?
Preparing doesn't consume my life; I'm not exactly hunting squirrels right now you know? But I have cash, some PMs, extra food, and have a solid network of nearby friends and family. That's it. If you could see my house and see me, there's no way you would know that I made preparations. Life still goes on.
And by the way, my flood and homeowners insurance costs me thousands over a period of 5 years. The cost of being prepared? A lot less. So you weigh risk with "insurance" cost - it's a no-brainer.
This is a totally understandable and reasonable approach. In my opinion, what you've described here is prudence, as opposed to outright paranoia.
My comments were directed toward those doom and gloomers who are "stocking up" on ammo, seeds, and farm land. This is paranoia at its best. Being prepared for potential negative outcomes is one thing - having it consume your life is an entirely different animal.