This is a good
article with some basic info about the impending worldwide economic
collapse.
The Coming Economic Collapse
Economists at People for a Perfect Economy show without question that there
is a 100%
chance of worldwide economic collapse based on the current banking system
in the U.S. and around the globe. Calculations and projections created during
the Reagan era, and presented to his administration and those following,
indicate that the system will collapse in about 2010-2015. Policies by the
Federal Reserve may change that date by a few year in either direction;
however, the only thing that would prevent an eventual economic collapse is a
mathematically perfect economy. Even gold and silver, while good hedges
against inflation and a way to preserve wealth from the ravaging effects of
inflation, can not be the entire solution. In the end, only an interest-free
economy is sustainable.
Surviving Economic Collapse
What could cause a total economic collapse in a country like the United
States?
Perhaps, a currency collapse, global epidemic, stock market crash, or Government
corruption, peak oil, terrorism, or rapid monetary deflation. The possible catalysts for a total financial collapse of a major country,
such as the United States, which could trigger total economic collapse of much
of the world, are numerous.
Are you prepared for dealing with an economic collapase? What about an
economic recession or depression?
Think of the USMC "P Rule", or in other words, proper
prior planning prevents piss-poor
performance. Pardon the crude language, but it gets the
message across. Prepare now, while you can.
Consider the different scenarios and plan how you could best protect your
family in times of trouble -- be it financial collapse or a terrorist attack.
Shelter, water, food, protection, sanitation and heat are important
considerations. Do not plan to rely on the government for help, unless you
don't mind living in a sports stadium for days on end while things get sorted
out -- or not.
Form community connections now, learn more about who lives in your
neighborhood and potential dangers. Consider the assets you already have that
will help you to care for your family and others when needed. Recognize the
weaknesses and work to overcome
The economy of the United States, currently based on debt and spending,
is not sustainable. There is no solid backing to our money, our paper notes
are not tied to solid gold. We spend and put the balance on a credit card,
and the government does the same thing.
How long can our economy -- and our personal finances -- survive in the
"red" of debt? I highly recommend watching the "Money as
Debt" movie. It is incredibly eye-opening, and entertaining.
Preparing for Economic Recession
Ideally, a paid-for house, passive income streams and land to raise food
would be the best preparation.
While that is not realistic for everyone, work toward that scenario as a
goal. The steps you take along the way will get you into a better position
than you are likely in now.
Even a few acres, tended properly, could provide adequate food for times
of severe economic crisis. For example, even a few chickens will provide eggs
every day, which provide a concentrated amount of nutrition and essential
fats. Add some potato plants and apple trees to the mix and you're getting
started.
Learn basic skills such as cutting and chopping wood, tending a garden
and repairing a roof, all of which would come in handy during a survival
scenario.
Build a library of informative books about animal care, nutrition,
cooking from scratch and outdoors skills.
Fiat Currency and Silver
Trade dollars for silver and gold bullion while the dollars still have
some value.
First, however, buy tools and supplies, which will be most neccessary in times of trouble. Silver
should be used primarily as a tool to
hold the value of your money. You can sell silver coins as you need the
cash.
Cash out of the stock market before it crashes. Personally, I sold my
stocks in Novemeber 2007 when it dipped below 1400. Now it's hovering around
1200; personally, I would sell before it drops to 600. Of course, it could
jump back up to 1600, but only take a chance if you have the money to lose.
You can hold silver coins and bullion in an IRA or in your own possession,
depending on your needs.
Surviving in a Bad Economy
Minimize expenses and maximize income. Of course, if
everyone does this, money will be tight for a while. But you can't afford to
simply spend like you used to. Prepare for possible loss of income by
spending only what you must and saving the rest, or buying tools, silver and
food supplies.
Work with others in your community. Barter and trade.
Offer to fix someone's car in return for help with your leaky roof, or vice
versa. Consider starting small local currency, similar to the Ithace Hours
concept, to trade rather than money that is hard to come by.
Find a niche that will help others weather the tough
times, and make some money at the same time. Look into food production. For
example, start a small-scale poultry farm, as a means to feed your own
family and provide local food to others.
http://hubpages.com/hub/Survive-Total-Economic-Collapse
This web site has lots of good info. I recommend checking it
out.
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