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Surviving A Global Depression – Preparing For The Low Scenario: Dow at 6,000

Updated on January 25, 2009

This may be hoping for too much, but if you could find a country residence with a clean stream on the property that comes directly down from the hills, nowhere near a town, and has been lab tested and found to be safe to drink, that would help immensely in taking care of your single biggest requirement: water.

Keep in mind that we are not discussing moving permanently. In the Low Severity scenario, we are only looking for a place to spend a few years, possibly as little as two and maybe as many as four or five. Then the depression will abate and it will all be over.

The key is to be aware of when the depression is coming. You don’t want to leave your home prematurely but you also don’t want to wait until it’s too late. This is a delicate balancing act that will require good information. Keep an eye on the news, check the internet and be ready to move quickly when it’s announced that the economic downwards spiral we have been seeing for the past few months has turned into a precipitous avalanche. I’d use this set of circumstances as a rule of thumb: when the Dow averages 6,500 for a two week period and it's accompanied by an uptick in social unrest, it’s time to hit the road. Not next month, not next week, but today. That is assuming that you already have your location fully stocked with everything you need. By this time it will be too late to go shopping for the huge amount of supplies you will need.

Make sure that your vehicle is always filled to the brim with fuel and in good mechanical condition. The last thing you need is to get stuck on the way to your shelter house.

There are two somewhat reasonable options. The first and cheapest one is to locate some good friends or family who have a suitable country house and are equally concerned about the depression and pay them to move in with them. In most cases the payment will be minimal and you can probably bring extra supplies for them as your rent. It’s important that these people are as serious as you about waiting out the depression and taking all possible precautions. It’s not going to help if you are well sheltered in the country and one of them decides they can't live without their Venti Mocha Frappuccinos.

To keep complete control over the residential situation, the best option is to rent a country house. You’d be surprised how many country homes are available for rent in rural areas, especially in the off-peak season. For a reasonable two-bedroom detached house with land around it you’re likely to pay less than you would for a small one-bedroom apartment in a city. A small price to pay for this level of safety. If you’re getting your own place make sure that you have at least one and preferably several more like-minded people to come with you. Not only can you share the expenses, but if you share your time with people whose company you enjoy, the time may well pass much more quickly. Most importantly, other people can help you maintain the property, fix meals, take care of emergencies, and provide much needed company. A depression will be much easier to cope with if you're not in a hermitage and depressed yourself!

Next: Surviving A Global Depression – Rural Survivability

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    • Hal Licino profile imageAUTHOR

      Hal Licino 

      9 years ago from Toronto

      A community of loyal people, even though it may be small, always stands a far better chance of surviving than loners. The most important factor is to ensure that each member of this community not only possesses skills and aptitudes that the group requires, but is also fully dedicated to the group and its desire to survive in that situation.

    • Christa Dovel profile image

      Christa Dovel 

      9 years ago from The Rocky Mountains, North America

      As someone from a rule area, I think it pays to be prepared at all times. Having extra supplies, a grain grinder, plenty of water and a full gas tank are minimum requirements. Surviving long term means knowing how to provide your own food and water, heat and health. Also, being willing to work in what ever capacity necessary. Your suggestion of finding like-minded people is so needed.

    • Hal Licino profile imageAUTHOR

      Hal Licino 

      9 years ago from Toronto

      The Citi situation is all smoke and mirrors and the gullible (albeit justifiably desperate) Wall Streeters saw it as the Second Coming. Watch for more sliding next week! :(

    • profile image

      pgrundy 

      9 years ago

      That bump in the market yesterday was due to Vikram Pandit from Citi releasing a chirpy internal memo that leaked to the press about his feeling that the first quarter of 2009 will show their best profit ever. What are they smoking? Their stock is around $1.60 even with the uptick! Plus, what has happened in the first quarter of 2009 to MAKE Citi profitable? I don't believe a word of it.

      But we'll see I guess. I like Elizabeth Warren. I saw her on Rachel Maddow last night and she said she doesn't believe a word of it either, and she should know.

      These banks and AIG have hired big PR firms to make them look better.

      Well, at least they have their priorities straight. Not.

    • Hal Licino profile imageAUTHOR

      Hal Licino 

      9 years ago from Toronto

      I'm glad to see that Ms. Warren at least had the chutzpah to speak out and state that the Emperor has no clothes!

      I just had a telephone conversation with a gentleman who is claiming that thanks to today's Dow Jones rally the bottom has been reached and that it's the beginning of the upward leg of a V shaped recession. I completely disagree with him, as today's event is driven by illusory profit reports.

      As I just wrote in my Hub:

      https://hubpages.com/politics/Wars-And-Rumors-Of-W...

      "Although charting the stock markets don't show so much of a waterslide as they do a ball bouncing down stairs, it is a dire fact that the general direction is consistently down down down and is likely to not plateau out for at least a year or two."

    • profile image

      pgrundy 

      9 years ago

      In case anyone needs more to be depressed about, this interview with Elizabeth Warren (head of the oversight committee for the bank bailouts) will pretty much make you want to jump off a bridge:

      http://www.npr.org/templates/story/story.php?story...

      Basically Treasury Secretary Paulson lied, which, I mean, we all knew he was lying, but now thanks to the oversight committee and Warner we can prove it now. And still, they are shoveling money into these failed banks...

    • Hal Licino profile imageAUTHOR

      Hal Licino 

      9 years ago from Toronto

      You may be interested in reading my latest rantings at:

      https://hubpages.com/money/The-Economic-Tsunami-Is...

      As for your location in Michigan, the only thing I have to say is: I will include you in my prayers. You'll definitely need all the help you and your fellow citizens can get! :(

    • profile image

      pgrundy 

      9 years ago

      Yes, I think sadly you may be right. Even the auto bailouts are just slowing down the inevitable massive job losses---that money is just keeping the 3 million unemployed from being dumped on the system all at once immediately. I'm in West Michigan, and the system is so overloaded people can't even get through on the 800 number for unemployment. So they show up at the office and wait six hours for a five minute visit to sign up. It's pretty scary. The state is operating at a deficit--the actual money for unemployment is long gone, they're just borrowing it now.

    • Hal Licino profile imageAUTHOR

      Hal Licino 

      9 years ago from Toronto

      pgrundy, I have never believed myself to be a psychic but it's certainly looking that way. Today's jump in the Dow is just profit taking, as the index certainly seems to be headed for the Sixes within a few days. The most amazing thing is that all of the Stimulus Billions which will impoverish an entire generation of Americans seem to have absolutely no effect whatsoever. This is definitely a time for PRAYER! :(

    • profile image

      pgrundy 

      9 years ago

      Wow, now we have the DOW at just over 7,000. I bet when you wrote this you never thought the DOW might actually hit 6,000. At this point, it appears it is a lot more possible. Citi & AIG are still wanting more money and BOA looks like it might be insolvent too. Yikes.

    • Hal Licino profile imageAUTHOR

      Hal Licino 

      9 years ago from Toronto

      I hope we never have to use it, though! :(

    • kappa022 profile image

      kappa022 

      9 years ago from Florida

      Interesting hub, thanks for the advice.

    • Hal Licino profile imageAUTHOR

      Hal Licino 

      9 years ago from Toronto

      We can only pray!

    • ocbill profile image

      ocbill 

      9 years ago from hopefully somewhere peaceful and nice

      great story. hopefully it will not manifest itself.

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