Could You Survive Total Economic Collapse?
94The Coming Economic Collapse
Economists at People for a Perfect Economy show without question that there is a 100% chance of worldwide economic collapse based on the current banking system in the U.S. and around the globe. Calculations and projections created during the Reagan era, and presented to his administration and those following, indicate that the system will collapse in about 2010-2015. Policies by the Federal Reserve may change that date by a few year in either direction; however, the only thing that would prevent an eventual economic collapse is a mathematically perfect economy. Even gold and silver, while good hedges against inflation and a way to preserve wealth from the ravaging effects of inflation, can not be the entire solution. In the end, only an interest-free economy is sustainable.
Surviving Economic Collapse
What could cause a total economic collapse in a country like the United States? Perhaps ....
Currency collapse. Global epidemic. Stock market crash. Government corruption. Peak oil. Terrorism. Rapid monetary deflation.
The possible catalysts for a total financial collapse of a major country, such as the United States, which could trigger total economic collapse of much of the world, are numerous. There are those I've just listed, dozens people have predicted and possibly several nobody has thought of.
Are you prepared for dealing with an economic collpase? What about an economic recession or depression?
Think of the USMC "P Rule", or in other words, proper prior planning prevents piss-poor performance. Pardon the crude language, but it gets the message accross. Prepare now, while you can.
Consider the different scenerios and plan how you could best protect your family in times of trouble -- be it financial collapse or a terrorist attack.
Shelter, water, food, protection, sanitation and heat are important considerations. Do not plan to rely on the government for help, unless you don't mind living in a sports stadium for days on end while things get sorted out -- or not.
Form community connections now, learn more about who lives in your neighborhood and potential dangers. Consider the assets you already have that will help you to care for your family and others when needed. Recognize the weaknesses and work to overcome.
Money As Debt: Fascinating
Debt and Economic Instability
The economy of the United States, currently based on debt and spending, is not sustainable. There is no solid backing to our money, our paper notes are not tied to solid gold. We spend and put the balance on a credit card, and the government does the same thing.
How long can our economy -- and our personal finances -- survive in the "red" of debt? I highly recommend watching the "Money as Debt" movie. It is incredibly eye-opening, and entertaining.
Inevitable collapse of the U.S. dollar
Preparing for Economic Recession
Ideally, a paid-for house, passive income streams and land to raise food would be the best preparation.
While that is not realistic for everyone, work toward that scenario as a goal. The steps you take along the way will get you into a better position than you are likely in now.
Even a few acres, tended properly, could provide adequate food for times of severe economic crisis. For example, even a few chickes will provide eggs every day, which provide a concentrated amount of nutrition and essential fats. Add some potato plants and apple trees to the mix and you're getting started.
Learn basic skills such as cutting and chopping wood, tending a garden and repairing a roof, all of which would come in handy during a survival scenario.
Build a library of informative books about animal care, nutrition, cooking from scratch and outdoors skills.
The Truth About The Economy: Total Collapse
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Gold & Silver
Fiat Currency and Silver
Trade dollars for silver and gold bullion while the dollars still have some value.
First, however, buy neccesary tools and supplies, which will be most neccesary in times of trouble. Silver shoudl be used primarily as a tool to hold the value of your money. You can sell silver coins as you need the cash.
Cash out of the stock market before it crashes. Personally, I sold my stocks in Novemeber 2007 when it dipped below 1400. Now it's hovering around 1200; personally, I would sell before it drops to 600. Of course, it could jump back up to 1600, but only take a chance if you have the money to lose.
You can hold silver coins and bullion in an IRA or in your own possesion, depending on your needs.
Surviving in a Bad Economy
Minimize expenses and maximize income. Of course, if everyone does this, money will be tight for a while. But you can't afford to simply spend like you used to. Prepare for possible loss of income by spending only what you must and saving the rest, or buying tools, silver and food supplies.
Work with others in your community. Barter and trade. Offer to fix someone's car in return for help with your leaky roof, or vice versa. Consider startigna small local currency, similar to the Ithace Hours concept, to trade rather than money that is hard to come by.
Find a niche that will help others weather the tough times, and make some money at the same time. Look into food production. For example, start a small-scale poultry farm, as a means to feed your own family and provide local food to others.
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Resources
- Ultimate Family Preparedness Pak
Emergency supplies, freeze dried foods and family preparedness kits and resources. - Survival Food List
Emergency survival food has come a long way since the cold war era. And it's no longer limited to canned goods and military style meals-ready-to-eat (MRE's) either.One of the best choices for quality, long-lasting, nutritious and palatable... - How to Survive Total Economic Collapse | eHow.com
How to Survive Total Economic Collapse. Is total economic collapse just around the corner? As the U.S. dollar weakens and the price of goods such as oil, grain and gold rise, many fear for the economic stability of the country. So how does ... - Ron Paul on The Inflation Tax
Inflation and how it affects us, by Congressman Ron Paul, the leading advocate for freedom in our nation's capital. - How to Barter in an Economic Collapse | eHow.com
Knowing how to barter in an economic collapse could be just an interesting concept -- or it might turn out to be a critically important skill to have. Know what to stock up on, in preparation...
Gerald Celente: Worst Economic Collapse Ever is Here
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Comments
Excellent information !
If people prepare, that is the best way of dealing with potential anxiety of the drastic changes that can occur. Keeping emotions positive is usually the biggest problem for people. The answer is to be realistic (what are my basic/core needs?) and forward thinking, and is best accomplished by planning.
Thanks for the info. and links,
SparklingJewel
Could you post a list of books one should have in their survival library?
Great hub with powerful reminders that we had better listen to...Money might be a disappearing means to purchase goods....bartering I'm familiar with as well as raising food...we are wanting to get back to our roots to be better prepared...
thanks for bringing this to the forefront...new clothes and pretty furniture pale in comparison to food, fuel and shelter. clean and lean might just be our cry in the near future...
course we might have to guard that garden, but I'd share before I'd let someone starve....Marisue
I've been considering gold for some time but haven't checked into it enough. Astute info.
Very nice helpful tips you have given to be prepared for an economic collapse. I think only a small percentage of people will be able to do that. For the majority it will be bad, very bad. It will be similar to the 1929 stock market crash, many people were without food, jobs etc. It will be a horrible situation.
A great source of information is the Book series "The Foxfire Book".These were published by Anchor Books-Doubleday and Company during the 70's.There are about 12 books in the series and cover all kinds of self-sufficient skills.Things like raising and butchering hogs,making charcoal,cabin building,soap making,etc. A wealth of information and entertaining reading.These books were generated by interviewing knowledgable folks in the Appalacians,who've been "doing it yourself" for generations. I would also suggest investing predominatly in silver rather than gold.Also you are better off buying coinage than bullion.The reason for this is;1 The coin already has a known weight and value (a silver dime,may be traded as a dollar,but everyone knows what it is) Gold would be harder to divide into usable quantities and u have to trust someones scale.Buy junk coins, as long as they are readable, u will only pay silver price for them not the inflated collector price. And as much as a lot of people may not want to hear this,get a gun and plenty of ammo for it.If there are more than one of you,buy the same guns.Same ammo,same parts,see where I'm going.And last practice,practice,practice with it until you are proficient in its use.The time to figure it out isn't when u really need it.
Did you even NOTICE when energy was deregulated?
Did you notice, when California Governor Davis unilaterally negotiated 20-year, bad-faith energy deals, with the deregulated middlemen, 2000-2001, directling the negotiations right at the May-June 2001 nuclear refurbishings grid bottleneck, to violate 18 U.S.C. 245, 371, 1505, 2384, for RICO profiteering, to violate all applicable state and federal laws?
Did you notice how the Whistleblower Act is not enforced, AT ALL?
Did you notice how STUPID IS, AS STUPID DOES? In the industrial age, MAYBE you need precious metals, yo. Uncompromised canned food seems more valuable, already. Metals need to get melted into something, Frodo.
Get the gun, like bro upstairs sez.
great hub on such a scary subject.I am losing sleep over this right now1
Nice Hub, great details on whats goin on in this crazy country at the moment. In all my years i would never think we'd be heading in this direction.. My Hub you can check out if you want it has tips on getting through all of this
One of the cheapest ways for the average person to invest in precious metals is to buy so-called "junk" silver. These are US dimes, quarters, half dollars, and of course dollar coins minted on or before 1964. They are 90% silver, and one dollar of face value is about .72 troy ounce of silver.
Here is a convenient way to quickly calculate the value of a certain amount of dollars of junk silver into today's spot price. You may have good luck finding "junk" silver at close to face value!
This was a very helpful article. I like your ideas about trading services with neighbors and friends.
I AGREE WITH THE POINTS MENTIONING SURVIGING IN ECONOMIC COLLAPS
I WANT TO ADD ONE THING THAT TRY TO LIVE IN LOW POPULATION AREA / CITY
LIKE RURAL AREAS
THANKS SALIM FROM KARACHI PAKISTAN
Something has got to give eventually, as the whole system itself is suspect because the whole <a href="http://prorev.com/moneyreform.htm">monetary system is controlled by private money</a> (via the central banking system). I personally wish that more and more progressives would push for the monetary system to be brought into the public realm.
Plus, the cost of everything has been more and more overvalued for decades now, while wages are stagnant. The average worker has only been able to make ends meet by supplementing their wages with their credit cards. It will be a challenge for the average person who has become overdependent on the cycle of overconsumption as their ability <a href="http://livesafely.org/evasion/how-to-survive-an-ec">to survive an economic crash</a> depends on some big lifestyle changes.
The best survival method will be the multi-generational home.
I find it interesting that the "smartest" kids are always encouraged by the gov't run schools to go to university "out-of-state". Our consuming collapses in a multi-generational home.
One cat would love being petted by lots of people.
One internet fee can power loads of laptops.
All the appliances can be bought new, therefore be energy efficent and kept under warranty if lots of people are pitching in...that means they can be run all day and no worry about them breaking.
One property tax fee. One property insurance fee. One pool.
Free people to watch your plants when you are out of town. Free rides to the airport. Free people to babysit your kids now and then. Free tutoring for your kids. You can get a ride when your car is in the shop...
No travel fees at Thanksgiving and Christmas.
The multi-generational home rocks. Since we are so trained to think it is a bad thing, though, we need training in how to pull it off so that everyone benefits.
GREAT HUB. we need more like this, especially given the economic shitstorm coming down the pipe in the next few years. I think on the other end of the tunnel there will be truly great times ahead, but the transition phase from the industrial era to an information based economy is bound to be a rough one on a lot of people
A really great book I once read called, "Into the Forest" told about how a family survived while only being slightly prepared. Ironically, it takes place in California, and the catalyst is the total collapse of the economic system. Read the book, and then imagine what could happen to your family, if you are prepared, or underprepared. Also, if you want a real plan, and one that doesn't involve holing up in your apartment, buying a gun, eating canned food, counting your silver nickels and waiting for the shit to be over, there are some really great books out there by some guys who moved half their village into the wilderness during the fall of the Soviet Union. Remember that? When people shot eachother for a loaf of bread? Now may be a good time to look into buying that "fixer upper" cabin in the middle of nowhere.
Good luck kids.
Great Hub! But I will say hopefully we do not have to worry about a total collapse.
Hopefully we do not have to cope with this, but I can thankfully say that yes I believe I can survive. I have no debt and outside of my usual work I have a small cattle ranch and a greenhouse. It would still be tough but I am not nearly in the same boat as many others are.
I believe that al qaeda crashed into the World Trade Center in an attempt to cause an economic collapse. Let's pull it out so those SOBs don't win.
this is one to print and re-read till i memorize
great hub article. very informative and helpful.
This is nice post, thanks you.
This is a great post. I would never imagined thinking our Country could become a 3 rd world county, however, with the election of Obama, who scares me, we have made some drastic changes in our lifestyles starting back in Oct 08. We have horses and cattle, very little debt and a silver coin collection. I feel confident should something happen we will be okay. I truly think we are more fortunate than others and it will be a rough ride this year for many people not only in the US but around the world.
Me and my family will hope for the best and prepare for the worst.
Have you seen the movie "The Money Masters" it is like Debt as Money but in more detail, you can watch it online.
I don't think the survivalist strategy is the best preparation for economic disaster. Whether things are going to be peachy keen or dismal, the strategy should be the same: value and connect with others, learn how to be of highest service to your community however you define that, and remember your core values of love & compassion. None of us gets out of this game alive anyway. So why not focus on equanimity for all?
I think the USMC "P Rule" maybe crude but is very effective and grabs people’s attention. A total collapse would probably never occur because 'some' planning is in place. It is certainly a eye opener for the world though, let’s hope the message gets remembered. Thanks for the topical hub that provides some good advice.
Excellent information your article helpful for me. Thank you.
Unfortunately, the gold standard doesn't always work either. FDR got us above drowning in the 1930's by taking the dollar off the gold standard. That is why economics is called the dismal science.
I am very concerned that we will have at least a Japan style, zombie bank period where the banks will keep losing asset value and will not be able to lend money. The worst could be a total unraveling of derivatives. This would hurt all bondholders in pension funds, etc.
I have written about the FDIC and possible scenarios about a meltdown. Also, we can boycott the banks since the ponzi scheme of home loans was made possible by international bankers at Basil II. I have covered this screwing of america made possible by off balance sheet accounting that was fraud, but allowed by Phil Gramm and others.
Yes, hard times ahead for everybody financially. Thought provoking hub.
I agree with Sarah post Buy cabin or fixup or good rural land with water if the economy crash your going to want to be there insted of the city just make sure the land or cabin has water and acess to the property it will keep it value up so if you need to sale later on down the road you will make money back
buy now !! why land is cheep make sure it has water,
Nice advice, hopefully we'll never have to use it, but better to know.
A very timely and well written hub. I think it could go either way very easily. I wrote a related article, how to make a survival backpack and maintain a website at peakoilstories.com which describes some doomsday scenario preparations. I think moving in the direction of self sufficiency is a good idea in general, whether or not we have an economic collapse. It just makes sense. Thanks again for the great hub.
well weren't you ahead of the game, here we are in spring of 09 and all you predicted has transpired...you could get away with writing anything now!
I have 7 lots left in my subdivision in rural Waynesboro, MS. Most of these lots are 4 acres so they are plenty big enough to provide a garden. I would love a suggestion as how to market these lots to people who realize our economy is going to collapse. All of my contact info is in my website above.
Steve, check out Survival Real Estate on SurvivalBlog.com.
This is a most excellent article.
It will happen sooner than you think. Visit my blog at the link above and my Youtubee Channel http://www.youtube.com/user/NewAmericaNow
It' one of the most well-prepared hubs I ever read. I liked it very much. Of course, we should be optimist, otherwise our fear and panic will make things worst. The crisis is all over the world but I think we will be okay.
Congratulations WriterGig, for this tremendous work you have done.
A Central Bank/Federal Reserve Debt model is doomed by definition. It's not amazing to me that we have now reached the Theoretical Limit of the system with a debt load that can not be repaid. It's amazing to me that the average person is so very clueless as to what is going on and BELIEVES there will be an economic recovery.
There has been a low amount of inflation so far because there has been a near complete freeze in the credit markets. As soon as that opens up even a little bit inflation is going to take off.
There is only $3 of actual hard currency in circulation for every $100 of money on computer screens. And the dollar is backed by nothing!!!
If you can not grow your own food, if you owe on your house, if you do not have supplies to take of yourself you are going to be in for a very unpleasant future.
This is not going away until the Debt Model/Central Banking system in place in all the major Economic Powers is abolished.
There is no reason why people need to be a slave to banks.
You are not going to hear about this on the Evening News. You are not going to learn the truth in School. You have to educate yourself.
Go to your bank and try and withdraw $10,000 in cash (Assuming you have it). It's quite a process!!! The Federal Government is doing everything they can to prevent a run on banks and keep the public perception in the dark. A run on banks would create an instant collapse. The money doesn't exist to pay the account holders!
lets all take action, it is getting worse and worse and nobody doesn't say anything in washington.
Actually it's easier to survive a total collapse on world's economy than the current situation. At least you wont feel so bad when you are in a "dead" town, and read that people in Wall Street are still getting huge bonus.
What about that monster debt owed to the Chinese? They want their money back plus interest. I saw today where they are puchasing our failed banks! They are buying up our infrastructure since our currency is nearly worthless, but it will not be nearly enough. The one rescource that would be enough would be our labor. I see the pootential for concentration camps to come out of this situation. Our own Government will be the ones that will hunt us down for the Chinese. Maybe that explains all of these changes that will allow the suspention of constutional law, such as the patriot act!
Earth Angel says:
2 years ago
GREAT Hub WriterGig!!
It never ceases to amaze me how unprepared we are for any disaster, man-made or natural!! And often, the preparation for one will help in the other!!
Great Hub!! Welcome to HubPages!!
Blessings, Earth Angel!!