Could You Survive Total Economic Collapse?
The 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, indicated that the system would collapse in about 2010-2015.
Currently 2011, it's easy to see signs of economic deterioration in all sectors. From a tumultuous stock market still far from its highs to record gold prices and widespread unemployment, the economic outlook is bleak at best; some fear that a long depression, if not the beginning of a total economic collapse, has begun.
Policies by the Federal Reserve may have changed the Reagan-era date prediction by a few years 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, according to one theory, only an interest-free economy is sustainable indefinitely.
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 collapse? 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 across. Prepare now, while you can.
Consider the different scenarios 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.
One of the first things you should consider is how you would feed yourself and your family members should a food shortage or interruption in the nation's food supply chain take place. For many families, having a long-term food storage pantry within their home provides great peace of mind.
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
Gold & Silver
Fiat Currency and Silver
Trade your dollars in for silver and gold bullion while the dollars still have some value.
First, however, buy necessary tools and supplies, which will be most necessary in times of trouble. Silver should be used primarily as a way to hold the value of your money for the long-term. You can sell silver coins as you need the cash.
Cash out of the stock market before it crashes entirely. Personally, I sold my stocks in November 2007 when it first dipped below 1400. Now it's hovering around 1200; I would sell before it drops to 600. Of course, it could jump back up and head for 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 possession, depending on your needs. When I sold my stocks and Wall Street-based IRAs in 2007, I bought silver and silver IRAs. At the time, silver was about $14 per ounce. Now silver is above $40/ ounce, but that's still a bargain according to many who predict silver to reach $100 or more per ounce.
Gold may still be a good place to hold the value of your US dollars, but recognize that it's at an all-time high and be prepared for fluctuations.
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.
Gerald Celente: Worst Economic Collapse Ever is Here
Survival Food Sources
The following sources are all places where I've purchased food for long-term storage, including freeze-dried meals, bulk grains, water filters, and other supplies to help my family survive a total economic collapse.
Shelf Reliance is an excellent source for freeze dried food, large multi-person food packages, shelving systems and emergency preparedness kits that come in a convenient, sturdy backpack.
Mountain House is one of the country's top freeze-dried food manufacturers, and it's where I bought my first package of entrees in #10 cans.
The Ready Store stocks a huge selection of foods and food prep items for the long-term food storage pantry. Sign up for their email list to receive emails about weekly sales and special deals.
Amazon Bulk Foods is a surprisingly good source for packaged foods, from granola bars and cereal to canned goods, to include in your survival food cache.
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