May 11th, 2012 Show- How to Prepare for Economic Collapse

You may have seen my post talking about the possible economic collapse facing our country if things don’t change in Washington DC.  Well, there are a few things you can do to prepare for such an event.  Strategies ranging from buying gold and silver to food storage will help you make it through an economic collapse better off than your neighbors.

The Cash Crash

So, what happens when the Fed keeps printing money and devaluing the dollar even more?  We all know that as more cash floods the system the purchase power drops.  A loaf of bread that costs $2 today will cost $5 tomorrow and $10 next week.  If a staple like bread, normally so inexpensive, will climb in price so quickly; what will the other common grocery items do?  The very same. 

Everything, not just groceries, will become more expensive.  It will be nearly too expensive to live. We need a solution to get by until the economy resets itself and things get back to normal.

Betting on a Trade

Actually, learn to trade is more accurate.  The barter system is coming back on strong.  Look at Craigslist in the barter section.  There are other websites that specifically cater to bartering.  So, rather than spending your cash, look online (while you can still afford internet service) and see what people are looking for and what you may have to trade.

Grow Your Own Food

Garden, whether it’s in the ground or in pots and planters, your own food as you can.  I know that it sounds kind of dorky, but just think of the money you’ll save by growing your own veggies while you can and then canning them to keep them for the winter.  You can potentially save quite a bit of money from your grocery bill.

Food Storage

You have a choice to make here.  Do you want to spend a good chunk of money and have your food storeage done and good for the next 25 years or so, or wouldyou wather spend a little here and there buying a few extras and amassing 3 to 4 weeks worth of food that you have to rotate through?  I personally prefer the 2nd option as there is no change in diet and it costs a lot less.

Defending Your Stash

You hear me say on the show, “beans and bullets.”  I say that half as a joke and half being serious.  Beans simply refers to food and the bullets simply refers to… well, bullets you may have to use to defend your food and family from those who will try to take it to feed their own families.

Make sure you have a good firearm and plenty of ammo.  Make sure you know how to use that weapon well enough that you can defend your family from people who want what you have.

Build a Community

Building up a community isn’t as hard as it sounds.  It doesn’t mean anything more than networking and making friends with people in order to set up a communnity of people who will help each other out.  Going through an economic crisis will be much easier in a community that all prepared and is ready to help each other out.  That means even if it’s just to talk about the stresses of the crisis.

Keep in mind that an economic crisis doesn’t mean the end of the world.  It simply means we have to adjust our lives to deal with the fallout of the crisis.  Why wait to deal with it after it hits when you can be preemptive and prepare ahead of time and fair through the ordeal better than most.  Remember, Walmart won’t be able to keep the shelves stocked and you can’t go without food.

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