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