The Desperate History of Panic Buying
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- Опубликовано: 31 май 2024
- A History of Panic Buying. From the Cuban Missile Crisis to Y2K to our current global kerfuffle. Why are People Panic Buying?
Twitter: / ordinarytings
Patreon: / ordinarythings 
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Thanks for watching everyone! Don't forget to like and comment. And check out my Patreon WHILE STOCKS LAST: www.patreon.com/ordinarythings
Might I ask what you did with the metric f**kton of toilet paper you have in the back throughout the video? Because for all the good information in the video, that sticks out to me like a shore thumb of hypocrisy.
I disagree that there isn’t a reason to do it. The only way it’s safe for an individual not to panic buy is if everyone else didn’t. But that will never hapoen
0
Don't want to be that guy but the average caloric intake of a Soviet citizen in 1964 was 3000 per day ¯\_(ツ)_/¯
You are gay
"Instead of doing war properly, the USA and USSR were competitively hoarding doomsday devices" I love how you construct your sentences.
Next time I‘ll try to explain the cold war to my crush imma use this.
No sharing. It's MINEEEEE!!!
"Doing" war.
After work sometimes i go out and do alcohol
As everyone knows, proper wars are fought by lining up the poor and having them take pot shots at a second line of poor people from a different nation using muskets. As God intended!
Im really happy Internet Historian gave you a shoutout, this is a gem of a channel
he's a real one
Agreed
@@OrdinaryThings I'm gonna have to repeat what my man brazoree said
Stede!!!!
Yep fifth this I’m binging all the old content its great
Summary: Media repeatedly overhypes things and ruins everyone's life.
If you avoid the news, you'll notice that important news stories are few and far between.....
@@BamBamBigelow.. There's important news stories?
cutting cable, blocking news websites, using duck duck go over google searches, and abolishing social media has improved my life ten fold and really boosted my happiness.
@@Peglegkickboxer I don't doubt it
@@Lethal_Spoon I'd rather be unhappy and knowledgeable about what's happening.
TV cable shit is bullshit though, so it's not like I think that's good. I just don't think ignorance is bliss either
Panic buying, also known as speed purchasing.
Damn, I knew there was an AKA out there somewhere!
@@OrdinaryThings Quick! Edit while you still have time!
@@coppeis There no mention of Black Friday hysteria. Thank You!
It's somewhat surreal how, towards the start of the year, the items you could barely get a hold of were toilet paper, soup, beans, flour etc. Towards the end of the year? GPU's, PlayStation 5's..
People have had a full year to reflect on what is really important in life. Digital entertainment is the only sustenance I need.
the natural progression
And cpu's too xD
PS5 is a manufactured scarcity, though.
Don't forget premium canvas for those premium canvas bags.
first time hearing actual reasonable explanation why TP gets hoarded
Wait there are reasonable reasons?
I also liked how Internet Historian pointed out how toilet paper was mostly produced domestically since it was hard to transport due to being bulky. It goes hand-in-hand with Ordinary Things’ explanation.
LV rules!
@@lsmer8994no there wasent
@@lsmer8994 to WHY it happens, not that the WHY itself is reasonable
"Out of gas. Rent a bike."
I wonder how that was taken.
It was the 70's so not everyone was a lardass.
@@cattysplat I'm not fat and I still thought it was cheeky. It was funny, but not something I'd wanna hear on a bad day, running late with a car on empty.
@@cattysplat That was really rude.
Which implies renting a bike is an option in your country or city. Also implies that bike renting isn't overpriced.
Wait.. that's not an ordinary thing..
I will admit that I am basically covering what I ever I feel like at this point
@@OrdinaryThings Cheers to that!! (brand traitor)
Spoke too soon there
@@OrdinaryThings cover me in mayonnaise
I mean if it happens every few decades it kinda is. Actually at this rate it has happened every decade for like 50 years...
It's really wild going back and watching videos from March when the pandemic was a new thing.
The three weeks when there was no toilet paper feels like it was 2 years ago.
For me it felt like it happened last week. Argh this pandemic is screwing our time sense over.
it is almost 2 years ago
@@pedasjma23 u good the panic buying happened in march 2020 it is may 2021 so like 15 months at most
Its about to be 2 years
five years ago for me
And history repeats itself again with the current oil shortage. People never learn
It’s funny cuz I live in Texas, we don’t have a shortage but they are still rising prices
No real shortage, it just big oil just decided to inflate the price before the real global inflation began, to one up other industries.
After one single year of downward trend (and Ukraine war) oil Giants just decided it was time to recoup losses thousandfold.
the clip of people rushing into a store is actually people in the Netherlands rushing to get fireworks (yes you heard me, in the Netherlands grocery stores actually produce and sell fireworks)
Supermarkets sell fireworks here in UK too in October/November, we have a celebration called 'bonfire night' on 5th November where people let off fireworks.
@@AA-hg5fk nah we just bombard the aldi/lidl for fireworks for new year
Lucky
The US also sells fireworks in grocery stores, but I don't think they manufacture them themselves
I laughed for 5 minutes when you said, "Who needs to hoard butt paper when you can burst your neighbors head into a pink mist and steal theirs". I've been binge watching your videos. Super entertaining and informative.
Y2K is an interesting case because it's one where the truth is actually very nuanced and few people seem to know how it actually went down.
The truth is that computer systems _did_ have problems that could have been caused by the year switching from 99 to 0. Probably not "planes fall out of the sky" or "nuclear plant explodes" bad, but definitely on the level of potentially "entire company needs to stop operating for a few days while figuring out what's wrong and how to fix it". That is, if nothing is done about it in time.
While conspiracy nuts were bunkering up in their cellars, computer programmers knew exactly how to fix these systems. It's not exactly a difficult problem to fix if you just know that it needs to be fixed. So during the years leading up to 2000, basically all the computer systems got quickly fixed to handle the new year numbers. Crisis averted , because while it _could_ have had big consequences, fixing it was also pretty simple in the end.
And now, 20 years later, you get smug Reddit comments going on about how Y2K was never a problem and everyone who thought it was must have been dumb. I guess it really is unthinkable that humanity could discover an impending threat and manage to deal with it _before_ it explodes in our faces.
Really well said, man.
I mean people who actually thought the world was going to end/change drastically because of Y2K were pretty dumb.
Usally its older propritary database systems where you couldn't rebuild the structure of the tables. My grandpa told me that the biggest issue they had was not the back end, but the AS400 terminals didn't have the space to display the lists of data with the extra 2 digits. It was stil sorting find (ie 00 was above 99) but it kept scaring sales agents for some reason. It was so bad he had to call a company wide meating to yell at eveyone to stop bothing him about it as it even if it looks "off"
Men of culture prefer the Year 2038 problem anyway
This is actually untrue. Yes, computer engineers spent years preparing for Y2K, but there were thousands of systems they didn’t have time to fix. And did they have issues when January 1st, 2000 rolled around? Not really. Some had incredibly mild bugs, a few vending machines stopped working. But by and large Y2K bugs were completely benign. This is evidenced by the fact that, opposed to the 2 billion the US spent, Russia and Korea did almost nothin to prepare for Y2K and didn’t experience any significant issues.
This left IT companies and politicians with little choice but to harp on about how Y2K was a great achievement in disaster aversion, because admitting they had spent billions of dollars fighting windmills was career suicide.
And now 20 years later you get smug RUclips comments about how Y2K was actually real and how anybody that doesn’t know that is an idiot.
"... so we start wiping that shit off the shelves for ourselves".
Effortless. 😂
10:00 "Panic buying is all about getting one-up on the other guy ... It's fueled by hysterical media reporting, and the admittedly human instinct to copy the behavior of crowds. In times of crisis, we should be less worried about *what* other people are doing, and more worried about *how* other people are doing."
Outstanding. Automatic thumbs-ups.
It's funny because panic buying is exactly what causes the shortages. When covid hit my parents were worrying about me buying essentials and stuff, but I personally just continued on going to grocery normally. Result of that was that that one or two items I wanted were out, but then I just picked something else.
I worked my regular job through covid. One time my regular store ran out of toilet paper. Hoarders. I went to another store the next day and bought some. End of crisis.
The only thing I bought more during the pandemic are video games..
I didn't change my buying habits at all for the pandemic... actually my life barely changed...
NEET
I think a 2 weeks supply of essential things is a good idea in case you get sick and can't buy stuff, but seeing my mom panic buy is infuriating
@@DMCpawn 2 weeks? Why not 6 months of non-perishibles? If you have a normal sized American house, you should have plenty of space to do so, and stocking up slowly and rotating supplies means you have very little additional costs, no negative impact on the system as a whole, and a large risk reduction in the event of natural disasters or, say, a global pandemic.
@@DMCpawn the secret is to only buy what you would normally use, rotate your stock to avoid waste, and, to repeat myself, only buy things you would normally buy and use. If you follow those simple rules, you will only benefit.
@@jamesgordon3274 "If you have a normal sized American house" One can dream I suppose.
Really enjoyed the video as I always do. Especially liked your message at the end before the credits, was nice hearing that instead of all the panic on the news for once
Thanks dude, that is much appreciated
I grew up really poor, so I was taught from a young age to keep a stash whenever I could afford to. We never knew when money gonna seemingly just disappear, or some expense like a house repair or car repair would suck the little we had saved. My mom kept a cupboard dedicated to emergency foods. Things in cans, noodles, freeze dried, and vacuum packed foods. In the basement she always kept a plastic tote with an unopened pack of TP, blankets, some sealed water, and a few other things I can't remember. We never had to use the emergency stash when I was growing up, but I am certain mom was glad to have those things saved now. I know I was sure glad that she taught me those things. She told me she learned those things from her grandma, who grew up in the depression. As an adult I have kept a stash of small things I can afford and find the space for. It's all about using your head and thinking about the future a bit, rather than just the here and now.
Depending on where you live, in some places it's a good idea to have a small stash like that stowed away in a backpack, so if there's an emergency like a wildfire you can grab your bag and run.
Tell you what, homie. I've been watchin' your videos all day and despite my extreme reluctance to ever let people on RUclips influence my decisions, I have decided to hit the notification bell. Despite my hundreds of subscriptions, you are only the second channel I have done this for. Excellent content.
ah dude, thanks very much! Glad to be in that rare!
I lived through every single one of the events you discussed and remember them all! You did, however, leave out the fear created in mid 70s that disco would replace rock n roll, which led to panic buying of classis rock records. 😉
Ah yes…Panic Because of Disco!
@@Window4503 I was there
LMFAO people are so fucking stupid.
As an IT person who worked patching shit for Y2K I found the doom of the time weird. Yeah there was a problem that could cause issues that's why we were screaming a management for years leading up for budgets to fix that shit and we all did. Financial systems were well patched in advanced because they were already dealing with calculations in the future. I was confident enough the world wasn't gonna collapse by spending New Years eve at Disneyland and it was an amazing night. I had so many arguments with preppers and doomers at the time that made me shake my head. It is an example of one of those real problems we had to deal with that once we dealt with it people assumed there wasn't a problem because nothing happened. This is the life of an IT person ... nobody notices when you are doing shit right so assume you are doing nothing.
honestly there would have been a catastrophe had it not been for IT workers and others preparing systems for y2k, so in a sense the irrational fear kind of saved it!
7:30 Y2K was actually a real and very serious problem. It came from bad programing standards basically, when the internal clocks which it uses in part to do all its processes, would zero out because they hadn't programed for the calendar dates to go past that point and the 999 would roll over into a 000 causing errors and potentially crashing all the systems. Worse yet, we didn't exactly know how each machine would respond.
My dad was one of the people scrambling to retool the machines to avoid a disaster.
Just because nothing happened doesn't mean the panic (in this case) wasn't justified.
we know, shut up
@@it.snowig no you
@@it.snowig Settle down, edgelord.
I might panic buy some merch if you made some.
welll, i do have an awful lotta toilet paper to get rid of. For real tho, i have some ideas that hopefully will do later down the line
Lost it at "Shot up faster than a junkie in a starbucks bathroom"
Looking good mate!
I've been binge watching your channel and since yesterday the sub count went from 67k to 87k as of now, it seems algorithm senpai has finally noticed you. Your channel deserves way more subs and views and it is getting it!
He probably got a boost in both viewers and algorithm from being featured by Internet Historian - the algorithm started pointing me towards him after I watched the gentleman pirate video, and I'm loving the channel! Great to see him grow
Now 231k subs
He deserves all the recognition. He's brilliant 😂❤️
My dad used to work on a fast food place in the 80s and managed to increase sales by telling people they still had old coke. He just gave them new coke and nobody saw anything wrong.
Sure, that happened.
@@isabellaangeline2175 yup, New Coke was released on the 23rd of April 1985, same time my dad was working at a mexican place in a mall in Des Moines
I don't like cynicism. But somehow I can take it from you, and actually enjoy it.
thanks dude! I try to make the cynicism digestible, so that's swell
@@OrdinaryThings why are you scared of 2
@@Netelex arent you? personally, i'm scared of all numbers.
@@makzym414 what about...negative numbers?
@@HelenKellerDenierWE DO NOT SPEAK OF SUCH THINGS HERE
A "civilian ammo shortage". The most American thing I have ever heard.
I remember the two times I fell into that trap. Wasn’t panic buying but ran out of gas right as a hurricane… was about to hit on the opposite side of the state. My city emptied all the gas stations. And right as Covid hit, my dad ran out of toilet paper and had me try and find some. The insanity of the panic buying was insane
Man oh man....I was a pizza delivery driver during the time hurricane Katrina had wrecked oil refineries. Simply _doing my job_ was a complete crapshoot for a few weeks there, between panic buying and genuine production disruptions.
Heeeeyyyyyyyyyy. Were going through an ammo shortage and price gauging on guns and ammo right now. It's like history repeats itself somehow.
You got my sub, do a video on the "American run on guns and ammo post election"
Firearm, ammo, gear and training demand is at wartime levels across the world. Regardless of where you are, people are maxxing out whatever level of protection the government in their country "allows" them to have. Here in Canada, those sales have continued apace at similar levels per capita to the US. One gun store in my province of just under a million people, sold over over 200,000 rounds of one particular brand of .223 ammunition. Trust me, millions of people around the globe see where this is headed
They did that years ago when Obama was president, it took me almost a year to get my new CZ rifle because America was buying everything up before any shipments could be sent to Australia.
@@archygrey9093 Except this year, it is everybody.
"Out of gas, rent a bike."
God I laughed so hard
Ironic... Right now, people are panic buying gas. Hmm
Coca Cola didn't really make a blunder. They wanted to replace sugar with corn syrup and they succeeded as no one noticed the difference when "original" Coke (now with corn syrup) was brought back. The savings from using vastly cheaper fructose instead of expensive sugar was more than enough to offset any losses from new Coke.
I keep hearing that, but Coke was using corn syrup 5 years prior to introducing new Coke. All new Coke did was take the diet coke recipe and use high fructose corn syrup instead of the artificial sweeteners used in diet coke. However coke classic had already made the switch prior, besides those glass bottles made in Mexico
The guys above me has it right. Coke was already using corn syrup when New Coke came out. The reason they changed the formula was because Diet Coke was insanely popular to the point it was outselling regular Coke. The execs assumed people liked the Diet Coke flavor more and thought regular Coke would sell better if it tasted like Diet Coke.
Most people don’t even realize that Diet Coke is it’s own unique flavor, and isn’t meant to taste like regular Coke at all.
Good thing to live in Europe where the only items with corn syrup is imported.. mostly from America
Fantastic again, and your sincere message near the end was a perfect footnote. Well done, team OT!
They all laughed at me. They all ridiculed me. Every one of 'em.
But now... NOW IS THE AGE OF THE NOT-EVERY-DAY-POOPERS! All the people who made fun of me for being a weirdo who makes big poopoos every few days rather than the apparent 14-a-day shitters snatching up all the poo tickets are now going to die from lack of toilet paper while my 3 remaining rolls will last me at least 2 weeks, even if I'm literally smashing my cheeks together to form pancake-shits.
For real though, the hoarders are fucking it up. Quit it, you hoarders.
In 2012 in my town a huge blizzard and unseen amounts of snow were announced, and as soon as people saw the forecact they went APESHIT on the panic buying. When blizzard happened, everything was stopped for 2 weeks, and noone could go anywhere because my region isn't used to snow thus they're poorly prepared for it. Regardles, the stores were working and and you could buy just about anything you needed
I found this channel just recently and it's like watching my wittier, english doppelgänger.
How has it taken this long for me to hear about this channel? Its amazing! I've been binging it for the last 5 hours!
Totally lost it at the "Out of gas, rent a bike" sign xD
Weird that this was a year ago. Things have changed a lot but it feels like nothings changed.
It’s the same principle with all trends. Remember when nobody was eating laundry soup until a couple news channels said everyone was and then what people did
I had to write an assignment on this a couple weeks ago. If only I had seen this video
I agree, but that said, it was quite useful to get your TP and non-perishable food buying out of the way early, so that you didn't have to worry about the shelves being empty when the panic set in.
Thankfully, I get my news from the internet and thus had several weeks worth of notice ahead of the TV-informed stampede.
I remember going to the super market at the start of the thing and seeing a lack of toilet paper on shelves, I asked the manager and said they were already only selling one family pack per person.
After a week nobody was any longer hoarding it and they brought it back to the aisles.
That was the peak of the crisis where I live. Didn't even buy toilet paper that week.
toilet paper shelf space shortage was something i could witness firsthand in the beginning months of the panic buying, stores absolutely empty but i was working in a warehouse for one at the time and they had thousands of packs in there which we could only send out so much at the time.
Thank you for making another hilarious vid to watch during this quarantine period! Stay safe!!
Thank you! Will do!
What do the English need toilet paper for anyways?
What's wrong with a good old fashioned bidet?
couldn't agree more. Now is the time for bidets to burst forth
this is probably a joke but you're supposed to wipe the excess faeces off with toilet paper first
@@TERRORdrigo Wrong, you can use the bidet on its own.
@@karakas9905 i wouldnt
@@TERRORdrigo Good for you. Here is your award: 🥇 Now go use your bidet any way you see fit.
Started watching one of your videos. Couldn't stop.
Amazing channel
Your content, delivery & personality are top notch. I am quite satisfied & more informed after binging your videos. I Hope your channel grows exponentially.
You have really started growing and for good reason!
Dammit, him getting scared by the 2, genius.
Just stumbled upon this channel on Christmas day & its frankly the greatest gift.
This is why I just poop in the shower.
Waffle stomp
Bidet, it's like a shower in your toilet!
Watching this late 2021 in the UK hits twice
Just wanted to say how much I enjoy your videos again and I am looking forward to your next upload 😊
Make turlets toilets again
This channel is a hidden gem! Great vid man! :]]]
thanks dude! Appreciate that
Great advice gonna panic first next time
Refused to panic buy and was. Left with no bog roll or petrol in each of these we had :/
This is essential viewing for 2020. Glad I caught it before the new year. Your content is great, keep up the good work.
please keep making these videos theyre really good! happy to say i was one of your first 5k subscribers
11dannydabeast glad to hear it dude. Working on the next one. It’s coming along. Should be ready soon!
As always, a great video! I was just going to go buy a truckload of toilet paper, but now I understand I’ll need two. Guns are illegal where I live, so maybe I should get my hands on a crossbow or something. Thanks for the advice!
I’m so glad I found your channel. Good work!
I just found your channel and I am hooked
Oh, I didn't think there would be a shortage on the store shelves, I just thought I might not be able to leave my house for a few weeks.
So that worked out pretty well for me.
3:17 Barely Sociable background FTW
Your videos are awesome!!! Super informative. I actually learn stuff. Thanks for making them
What an excellent channel. Well done Sir.
Tremendous
Wait this happened NINE MONTHS AGO!
I've officially binged all of your content. Good show.
Your videos have been making my days.
Ordinary Things is easily my favorite John Wick spinoff
That’s why you don’t pay attention to the news or at least take what they say with a grain of salt
bro this channel is so great i found it yesterday and cant get enough
This channel deserves more subs. Great content. Impeccable narration
everybody- OH NO WE NEED TOILET PAPER
me- an intelectual: imma just wash my ass with water after taking a dump
I love that the world did actually have problem with Y2K and did prepare and save itself from economic collapse. Gives me hope for the future.
this is my new favorite channel. Well done!
love watching your videos while eating!
In my town, since there was a flash flood 2 days ago, people have started panic buying bread, milk, fruit and vegetables just in case the shops run out. Of course, clearing the shelves made them run out. I'm starting to get sick of people going into apocalypse mode every time something mildly bad happens.
The selling point of this channel are epic epithets.
Another great video. Keep up the good work.
This channel is so incredibly excellent.
That's the only way the media stays relevant, fear.
And here I thought this was going to be a history of toilet paper. (Which I'm glad it wasn't, cause two other channels I watch have already done exactly that.)
initially I'd planned to do just that...then I realised the whole episode would literally be toilet humour. And I wasn't quite prepared to write THAT many fart jokes
Just discovered this channel and enjoying it immensely! Binge watching like crazy.
Ironically it was in the cooking suggestions this channel was recommended because of the cereal photo :D
Your humour reminds me of brass eye :D
This is how it should be done. Providing true history in an entertaining way, so it’s more easily remembered. 👍🏻👍🏻 kudos!
Im glad that we have a Bidi shower next to our toilet in every home. So if paper runs out, you can wash yourself instead! Although people still did panic buy the Crap paper shells empty, wich I do not understand at all! They hhad more paper than food, what are they gonna do whit that paper after food runs out? Eat it?
I knew you'd make a video about panic buying !
Where's TrapLore ;)
Thanks for the vid !
👀👀👀
Yesss Rossy! Ill be sure to support you both. I seen you riding together on insta 💪
so glad i found this channel. 💕
Nice message, great vid.
Ammo shortage? I remember that. Bought my first rifle in 2012, a Savage Model 64F in .22lr. Had to spend $80 just for 500 rounds. It was horseshit. Another ammo shortage happening right now too
Yep
@@quiahjohnson5871 i got lucky with 200 rounds of 7.62x39mm for $80 but .223 TulaAmmo is still going for 20rounds/$15. My Mini-14 is getting hungry
@@kellyshea92 Lucky Man. The only place that has 7.62x39 in my area is selling 100 bullets for around 300$.
bidet would solve all that toilet paper problem really quickly lol
I hadn't heard that people were panic-buying TP when I went to the supermarket and noticed a LOT of people were buying the stuff. I figured there must have been a big sale on TP or something.
These videos are great!
thanks dude!
I disliked this so the other 48 people feel like they have friends.