The time has come to prepare for a possible economic collapse. If there is indeed a financial meltdown within a few years, then at least we won’t be caught unawares.
FOUR STEPS ABOUT PREPARING FOR AN ECONOMIC COLLAPSE.
Cash on hand
This means as many $20 bills as you can put together—hopefully a hundred of them. For Americans, if you live near a border, you might wish to have some Canadian dollars or Mexican pesos on hand as well. Don’t plan to get the cash at the last minute from a bank or from an ATM because a global financial crisis could shut down banks overnight.
Silver bullion
Why silver instead of gold? With silver rounds (.999 percent pure silver in a round shape similar to a silver dollar), you are dealing with a volatile unit that bounces up and down with a value between $30 and $50 dollars—just the right amount for filling your gas tank or loading up a small shopping cart with groceries during a global financial crisis. What would you do with a one ounce gold coin, which may be worth anything from $1400 to $1900?
Food and water
Although we do not keep a year’s supply of food on hand, as do some survivalists and religious groups, we do keep enough food on hand in our basement to feed ourselves and friends for at least a few weeks. (Since most of our friends are Latinos, this includes many liters of olive oil and large bags of rice and beans from Costco.) We mark the dates on each item and from time to time bring them up to use in our kitchen. Then we replenish the food stores downstairs.
Gasoline
We have two cars, an SUV, and a pickup. When any of them get even close to the half-full mark, we fill them up. Thus, should gas stations run out of gas during an economic collapse, or fail to work due to a power outage, I figure we can keep on driving for some time.
If you have only one vehicle, I suggest you keep an extra 20 gallons in five-gallon cans. I know it’s a bother, but gas doesn’t age well, so you need to rotate. Fairly often, pour the cans into your car’s gas tank and then refill the cans and mark them with the date.
Living off the grid
In the past, I’ve bought cargo trailers, converted them for camping, and then sold them. I no longer do this but you might wish to check out OFF THE GRID: Living and Traveling in a Van, Truck, or Converted Cargo Trailer.
Mr. Luna, I have all of your books, including your e-reports like "How to Survive the Loss of: Your Savings Your Job Your Home." But can you please consider more posts on your blog about the coming economic situation and answering questions on your "Questions and Comments" page about the economic situation, instead of just privacy issues, please sir? Thank you.
ReplyDelete“There are two possible extremes, or financial concerns. We can either go into a depression, or we can go to hyperinflation. Or we could also go to war which is one way people think we could solve the problem. Once upon a time everyone wanted to know how to get rich. Now everyone wants to know how to survive the collapse that is coming. As I have written about previously, even people like Tony Robbins and Donald Trump are warning that an economic collapse is coming. Economic pessimism is seemingly everywhere and almost every recent survey indicates that the American people are losing faith in the U.S. economy. ”--Robert Kyosaki
Robert Kiyosaki Discusses Food Storage for the coming 2012 Depression
http://www.youtube.com/watch?v=HZAzBDDnhwg
I've been reading everything you write since the first HTBI book and heeded the warnings.
ReplyDeleteJust recently we went through an ice storm - no electricity or heat for a bit over 2 days. Following your advice, even with elderly parents in very poor health, our pantry is still full, water supply was down only 2 cases and everyone was warm..and comfortable too.
My suggestion for anyone thinking of preparation: Start with turning off all electrical items, turn off your cell phone (ours couldn't pick up any signals for 3 days and that was good old AT&T) and leave them off for 3 days. Eat only what's available, no Starbucks nor running to the neighborhood bodega or ATM for cash.
If you can last 3 days, fine. Double it up next week, and the week after that. That's what your reality will be when SHTF. Even the getting to the bank was out the question - they all closed down because their computers were down and the stores stopped allowing people to get cash advances.
Thanks for keeping us focused.
Since we live in the boonies, we have a woodstove for heat at least. We also have a hand washer "breather washer", some good old fashioned cast iron cookery, and a supply of grains and beans. I'm going to attempt to make pemmican, which is supposed to be high energy food and also keep without refrigeration. (check out details at www.westonaprice.org for tips on keeping healthy during stressful times and not eating rot-gut convenience foods, even the 'survivalist' type food packages they sell are usually loaded with unhealthy preservatives and sugar.
ReplyDeleteAlso, the silver tip is a very good one, even getting 'change' isn't bad because the currency is worth more than the face value, even if the dimes and quarters are a bit worn out. True about the gold, unless you are looking for a long term investment for yourself or your kids. Thievery is up, so be careful where you stash it.