Hello my friend and welcome back! I recently had a reader ask me “How do you know it’s time to go, when dealing with an Economic Collapse?” That is a question that many people have, so I’m going to address it in today’s post. Grab yourself a cup of coffee and have a seat while we visit.
Economic collapse is one of those disasters which can occur very slow or very fast depending on the circumstances. The truth is that most people don’t even notice when their economy starts to tank. They see the prices rising, but assume that it is normal and go on with their life. In truth, they have no idea what is about to befall them until it’s too late.
One day they wake up to realize that some Banks have closed their doors, while others are limiting how much people can withdraw of their own money. They go to the grocery store and it dawns on them that $150 for a loaf of bread just isn’t right. At his point, it’s too late to start prepping or even stocking up on basic items. Their Economy has collapsed and they didn’t even know, until it was too late.
Now as Preppers, most of us pay close attention to what is going on in the world, as well as nationally, when it comes to our economy. The question is… even if you see it coming, how do you know when it is time to lock the doors and hunker down with your survival group? While there are several schools of thought on how to know just when, in today’s post I am going to share with you how I believe the best way to know is.
So how do you know? The short and most universally accepted way is to follow 2 simple guidelines. First off, when you can no longer go to work and earn money to survive on, it’s time to hunker down or bug out. Don’t wait until you have spent all of your money to do it. It may be worth more at some future date and you hopefully you have all of the preps you need already.
The second guideline for knowing when to bug out is when you no longer feel you, or the other members of your group, are safe. While this one is true for any disaster you may face, it is especially true for an economic disaster. If you reach this point and still have a job to go to, then it is time to bug out anyway. No job is worth your life or the ones you love.
Many people do not think of an Economic collapse as being violent, but I can assure you that it is. When people begin to get hungry and have nothing to feed their children or themselves, they will do very violent things. You may still have a job and be getting a paycheck, but if large groups of others are not as lucky, then you need to watch out.
What else should I look for? Riots and mobs who loot grocery stores instead of electronic stores, is a very good indicator. It means people are hungry and you need to watch your back, no matter where you live. Now much of this is based on a slow-moving economic collapse, but there not all like that. In some cases, the government does such a good job of hiding the true economic condition and lying to their people, that it comes as a surprise to their people.
In those cases, you see prices slowly rising, but nothing too alarming. You hear grumblings about banks struggling or enacting new fees. Then you wake up one day and all of the banks are closed and the man on TV is telling you that a freeze has been put on all banking, for a limited time. The problem is that the “limited time” never ends and by the time people figure out what’s going on, they have lost their entire checking and savings accounts. The Government would probably institute Martial Law to help control the rioting, which is sure to follow. You are stuck, unless you have been paying attention to what is going on in the economic news.
Don’t get caught by waiting too late to bug out or hunker down. Just remember, that when you and many others no longer have a job or it becomes unsafe then it’s time to go. If you jump the gun a little early, so what, at least you and your loved ones are safe and protected. I hope this helps answer the question that many people have about Economic collapse and when to bug out.
I guess that’s it for today and I hope you have found this post helpful. Until next time, please stay safe, stay strong and stay prepared. God Save America!