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How to Survive an Economic Collapse

March 23, 2012 | Comments: 0 | Views: 155

Many economists and other experts believe that the United States is on the verge of an economic collapse that will bring another Great Depression. Our economy is teetering on the verge of a collapse right now, and all it would take to put us over the top is one catastrophic situation-a natural disaster such as Hurricane Katrina or a terrorist attack. A major war in the Middle East could also bring a Depression, starting with a tripling of gas prices. Consider any one of these scenarios and ask yourself if you are prepared to weather the economic storm that many say is certainly coming.

You will need to make a plan in case of an emergency. How will you feed and clothe you and your family if you could no longer go to WalMart or a grocery store for food and supplies? In case of economic disaster, food and water will obviously become commodities; after all, if you do not have these things, you will not survive. To make sure you can feed your family, you will need to stock up on essential ingredients such as grains, rice, beans, yeast and evaporated milk. It may also be a good idea to learn how to make your own bread. Your plan should also include figuring out where you will get your water. Stockpiling some huge barrels of water may be a good idea.

When economic disaster strikes, you can learn lessons from the Great Depression of the 1930s. You will need to consider that the value of the dollar may fall catastrophically (remember the pictures of people taking wheelbarrows of devalued money to the store?). To prevent this from happening to your family, consider converting your liquid assets to gold and silver now, while you have the chance. Silver and gold can be used as currency, and they can also be exchanged for currency that has value. Make sure your investments are secure by investing in gold and precious metals. Also, pay down your debt as much as you possibly can.

The people who got along the best in the Great Depression can teach us how to prepare for another depression. Get to know your neighbors, since your survival will depend upon bartering with others to get needed supplies. This bartering was an important coping mechanism in the 1930s, and it will become important again should the economy collapse. Find a niche for yourself, something that you can offer that has value to other members of the community. This will help you barter for what you lack. For example, you could become the neighborhood's poultry farmer.

Many economists predict that our economy is on the verge of collapse, but very few people are prepared for this emergency. You need to take action now to provide basic essentials for your family should economic collapse become a reality. Look to history and be instructed by the disaster of the Great Depression. You should prepare for the devaluing of the dollar by keeping your fluid assets in silver and gold and by having something valuable to offer your neighbors in a local economy that will almost certainly be based on bartering. Take steps to prepare yourself now, before it is too late.

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