What we can expect from an Economic Collapse and how to prepare for it.
Hello my friend and welcome back! One of my readers asked me recently what my thoughts are on the subject of Economic Collapse. I took the time to really think about the question and in today’s post, I will share them with you. Grab a cup of coffee and have a seat while we visit.
It seems like several times a day, I see ads saying that you need to do this or that if you want to survive Economic Collapse. It usually winds up with them trying to sell you something like gold or silver. While I do see the value of such things, it’s simply out of reach for those who are prepping on a shoe string budget. There are however many other things that we can do now, that will help greatly in such an event.
So what do I mean by an Economic Collapse? Basically it’s when the currency of any country becomes totally or almost worthless. This is usually caused by the actions or inaction of the current ruling Government. Just look at Venezuela, as a good example of what you can expect in such cases. In their case, it was the policies of their Socialist Government run by criminals who were more concerned with trying to prove that Socialism would work, than taking care of their people.
The end results of such is that it all falls apart and anarchy takes hold. People tend not to work when they don’t get paid and Venezuela is no exception. Many members of the current Military desert, to go home and take care of their families. With no law enforcement to stop the thugs and want-to-be war lords, crime goes through the roof, leaving the people to defend themselves. Now, add the inability to get clean water and food on the top and you have a recipe for disaster.
So what can we do? Well if you think about it, it really isn’t that far removed from many of the same disasters that we are already preparing for. No clean water, no food, no medicine and no protection from those who would look to take advantage of others. Sound familiar? I read an article the other day that was talking about the people of Venezuela eating dogs and cats. In some cases, they had even gone so far as butchering the animals at the zoo, just to have meat to eat.
I know what you’re thinking, that could never happen here. If you did, you would be wrong! No one wants to believe that it could happen where they live, including the Venezuelans. You see all of the warning signs, but keep thinking not here, not to us. Then one morning you wake up to find that all of the banks are closed and may not reopen. Everything you had in the bank is gone in the blink of an eye and the only person you can blame is yourself for not doing something while you had the chance.
OK, now let’s talk about that Gold and Silver that so many are pushing as the only way to survive when the time comes. Let me ask you something, can you eat Gold or Silver? I sure can’t and neither can you. What will be valuable will be common everyday items like toilet paper and vegetables as well as many common medications. Why? Because people will still need them and will barter to get what they need.
Personally, I see having a large supply of things to barter with, as being right up there with food to eat. If you have what people need, then you could always barter for more food from those who do have it. Things like Coffee, Sugar, Flour, Salt, as well as Tobacco items and Alcohol for drinking. A rich alcoholic will trade everything he owns for a fifth of cheap booze. Sad but true!
Buying and storing these items now, while they are still available, is one way that a prepper on a shoe string budget could prepare for an economic collapse. Along with their other prepping, this would give you a way to get other items that you cannot store for long periods of time like milk and fresh eggs or medication that you forgot to stock enough of.
If you watch what is going on in the world and pay close attention to the financial markets for any talk of currency collapse, then you will be miles ahead of others when it happens. Just acccept the fact that it could happen here and store as many preps, as well as bartering supplies as you can. This is the surest way to survive an Economic Collapse when it comes.
Well I guess that is it for today and I hope you have enjoyed today’s post so until next time, stay safe, stay strong and stay prepared. God Save America!