10 Things to Do on the Day The Economy Collapses
“Most of us are so used to running out to the supermarket or to Wal-Mart for whatever we need that we never even stop to consider what would happen if suddenly we were not able to do that. Already the U.S. economy is starting to stumble about like a drunken frat boy. All it would take for the entire U.S. to resemble New Orleans after Hurricane Katrina would be for a major war, a terror attack, a deadly pandemic or a massive natural disaster to strike at just the right time and push the teetering U.S. economy over the edge.” – Steve Quayle (Source)
Plus the current debt ($18 Trillion) is nearly as much as the country produces in a whole year. In the short run, the economy and voters benefit from deficit spending. In the long run, a growing Federal debt is like driving with the emergency brake on, further slowing the U.S. economy. At any point, debt holders could demand larger interest payments to compensate for what they perceive as an increasing risk they won’t be repaid. When this happens, the United States will have to pay exorbitant amounts just for the interest.
So don’t be totally surprised if one day you hear it on the news, and the next week you’ll lose your job or you can’t sell anything or you go to the store just to find out that bread costs $40 and all your money will go into buying food, preventing you from paying you credits, bills or rent (this happened a few times – see Irish Famine – Ingenious Foods People Made During Famines).
1. Redistribute Your Money
If all of your money is in one single bank account, you might end up with none if the bank goes bankrupt. The day the economy collapses, go to the bank and withdrew a large part of your money and move them into different bank account (other banks). Keep part of them in cash and part of them invest it (buy) in something that doesn’t devalue (2).
2. Buy something that doesn’t lose value
Gold doesn’t lose value as normal currency does. In fact in an economic crisis it can gain value. In 2008-2009 at the height of the financial crisis, gold demand was so great that the national mints could not keep up with it. The flow of historic gold coins from Europe was also insufficient to meet accelerating demand both there and in the United States. And when the demand is high and the offer is limited… guess what? Yes… the price will rise!
So buying gold the day the economy collapses may not only assure you won’t lose money, but also gain value.
3. Sell
No matter if you own a business (and have large stocks) or simply if you have something in the house you no longer need and want to sell on the internet. Now it’s the time. Because after a week you won’t be able to sell anything, or if you do, you’ll get a percent of the price. Make a discount just to be sure you can sell fast and easy.
4. Consolidate your job position
You know better what this means to you. It can be: settling a dispute with your boss, colleagues, or doing a job you previously postponed for days, or inviting your boss for dinner (Hope this doesn’t mean you have to kiss some a$$). When that person who makes the decisions has to fire some staff, just make sure the rational and emotional arguments are on your side. You know better what and how to do. Be smart, not vain!
If you own a business or you are your own manager then consolidate the business! This can mean renegotiating contracts with providers or making new partners.
5. Get Out Of Debt
If you are in debt you will be very vulnerable if the economy collapses. If you lose your job and you’ll be unable to pay your credits, you may end up on the streets. You do not want to be a slave to debt when the next wave of the economic collapse strikes. If you have to sell one of your cars just to pay your debt, then do on in the day the economy collapses.
6. Re-plan Your Future Investments
I know a few people who lost a lot of money back in 2008. Some invested huge amounts in businesses that were supposed to work big time, but instead they end up with a worthless investment. So if you plan on investing in something (like a house, a market house, etc) it’s better to wait or buy small.
7. Cut off expenses
“A lot of people claim that they can’t put any money toward prepping, but the truth is that we all have room to reduce our expenses. We all spend money on things that we do not really need. Those that are “lean and mean” will tend to do much better during the times that are coming.” – Michael Snyder (Source)
Re-negotiate your phone, cable or internet subscriptions. Anything that can be reduced without affecting your survivability.
8. Make a back-up plan
Well, in case nothing works, and everything collapses you should have a prepared plan like a bug out location where you can grow your own food and live without much outside help. Not completely isolated, since you’ll have better chances of surviving in a community (see –30 Lost Survival Ways from 1880). Whether it is your family, your friends or a group of people that you know, make sure that you have some people that you can rely on.
9. Secure Your Home against Looters (in the first two weeks)
OCOKA is a military term that stands for:
– Observation and fields of fire
– Cover and Concealment
– Obstacles
– Key Terrain
– Avenues of Approach
When setting up home defenses OCOKA should always be kept in mind and each principle addressed. Following these five key principles, you will greatly improve your security and survivability. This is one of the things that I’ve learned from a well-known army officer vet Steve Walker, for whom I have all the respect in the world. Watch his video and learn quite a few efficient and unconventional fast-tips about protecting your family in time of war or social chaos.
10. Buy Food
The day the economy collapses, make time, go to the closest supermarket and buy some long term emergency foods or simple: white rice, grains, canned foods, etc. Without food you are not going to survive. More so, just like gold – food is one of the best currencies in a crisis, and unless it spoils you have absolutely nothing to lose. People will trade ANYTHING for food.
During famines people ate a lot of “nasty” stuff, and even resorting to cannibalism (no kidding – a lot of times).
Yang Jisheng (China Famine – Survivor)
“People ate corpses and fought for the bodies. In Gansu they killed outsiders; people told me strangers passed through and they killed and ate them. And they ate their own children. Terrible. Too terrible.” (Source – The Guardian)
And don’t think that this can’t happen in US. People die of hunger every day. More so, no country has the economic power to save 320 million people in case SHTF.
Preparing for an economic collapse or food crisis means preparing for at least one year. But crisis may last up to 7 years and it can be wiser to have the means to produce your own food rather than stockpiling. One of the best ways to do that is by building a system totally independent from the environment.
And this CAN be done.
I have something you need to watch. It’s much better than I am at explaining the threat.Watch it and learn why you need your own sustainable food source and how you can build your own eco-system capable of producing food in any crisis.
Source: askaprepper.com
You may also like:
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EMP survival and preparedness guide
Ingenious Foods People Made During Famines
Turning Flour into Hardtack Biscuits With Over 100 Year Shelf Life
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After the economic collapse of the United States the nation will be at its weakest point.
The US dollar will be hit bad and it will take years for it to recover. A hydrogen holocaust will then sweep this nation in a Russian attack of America.
America is going to be destroyed by fire! Sudden destruction is coming and few will escape. Unexpectedly, and in one hour, a hydrogen holocaust will engulf America and this nation will be no more. It is because America has sinned against the greatest Light, Jesus the Christ.
Thirty days of chastisement will fall on New York City such as the world has never seen. God is going to let down the walls. There will be unimaginable violence and looting. The violence will be so ferocious, it will shock the whole world. Our streets will be lined, not just with the National Guard, but with militia.
Yet, in not too long a time afterwards, New York City will go completely bankrupt. Like Detroit.
There will be riots and fires in cities worldwide. There will be looting — including Times Square, New York City. What we are experiencing now is not a recession, not even a depression. We are under God’s wrath.
http://wp.me/p3tGFm-76
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If an American city goes up, the Gov will have done it.
Russia….piffle.
Number 10 is “BUY FOOD”???????????????????????????????????????????????????????????????????????
On the DAY of the economic collapse?
What kind of an idiot wrote this Post?????????
MORON!
Oh, and if you wait until the DAY of the “economic” collapse, NONE of the 10 things to do will be done by you, or anyone else!
1) Buy a shotgun and 00 buckshot
2) Buy a shotgun and 00 buckshot
3) Buy a shotgun and 00 buckshot
4) Get proficient with all the above.
Oh blind petty fools with fiery predictions concocted in your worrisome little heads , look about… our dear ol’ Antichrist would be in much disarray should the infrastructure needed for the implementation of the mark of the beast be destroyed. Therefore, consider how much better economic collapse will be than fiery death. After a few years of immense suffering on a scale unimaginable to most the ones that survive will be willing to sell whats left of their souls in order to regain what they will perceive to be back to a normal life.
Patriots Read how to physically retake our Nation back and when! Are you Man enough to READ and play a role in returning the U.S. back to the people? Call me out if you find one single flaw in this plan! I’ll put money down if you can…
/protests-demonstrations/2015/03/2nd-revolutionary-war-time-place-revealed-100-guaranteed-victory-2455478.html
I agree with you that NYC is going to be destroyed. I live in Brooklyn and work in Brooklyn and in New York City. I have had dreams about martial law and also, a vivid dream in which my family and myself watched a mushroom cloud rise up from New York City. We held hands and began saying “The Lord’s Prayer”, knowing we had only seconds before the radiation cloud coming our way took our lives. Then, I woke up.
Don’t wait until the day the economy collapses! Stock up on enough food, water, and basic necessities for a few days- TODAY! Build on your supply as time and money allow. The stores will be full of panicked & possibly violent people who waited until the “day the economy collapsed”. You want no part of that!
Thank You. You saved me a lot of typing
Im going fishing.
Choose your fishing hole wisely.
The headline should have read:
Ten things to do waaaaaay before the economy collapses.
Don’t forget to have a box marked comfort food , in this box should be placed all the food you love ,this could be tin of ham chocolate peanut butter snacks sweets oranges apples anything so when the bombs are falling the collapse of banks take joy knowing you have a box with your favourite food in remember how you smoke and all your worriers are gone for 5 mins or you drink your beer or vodka and like seems better ,well this is your box
Make one for your kids or each member of your family
If you have to do this on the day of the collapse you are too late.
RUN FOR YOUR LIVES OH NO!!! ECONOMIC COLLAPSE OH GOLLY!!! lol
This is absolute rubbish! IF you wait until the SHTF, you’ll be competing with lots and lots of others who waited too long to do anything about it… this is similar to those who seem to prefer to ignore the writing on the wall and go about life as if nothing was wrong at all. I personally know some of those persons, and they will be in for a big surprise when they come ’round looking for help for something they were clearly warned about long ago. (and did nothing about then) I have zero sympathy for willfull ignorance, outright laziness, or evil.
I would not survive without my thyroid compounded medication….