Today’s Question: What’s the most important thing people can do to prepare themselves in today’s troubled economy?
The short answer is food. Lots and lots of food. Its not getting enough press but food prices continue to go out the roof. In a depressed economy with an inflationary environment everything will be getting more expensive. We all need food to survive and with limited funds, absorbing rising food prices will be easier with plenty of food on hand.
Reducing debt will free monetary resources to save money – as well as increase the ability to spend on tangible items that will be useful…..just in case. Ammunition, firearms, water purification, medical supplies – tangibles.
OK folks – how about you? We would appreciate it if you would provide your thoughts, commnts, and maybe even answer the question yourself.
Looking forward to hearing from you.
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What you said Rourke. Put away those items that will get your family through to the ‘otherside’ and the true wealth to build on when you are there. I have all my ‘stores’ in good order. I have PMs enough to put me in the upper income brackets when currency is accepted again and of course enough to cover until then….. If its worse than a national economic reset…… we won’t be comparing notes on who had the ‘right stuff’ then will we.
Yes as Irish-7 mentioned the other day, “beans, bullets and band-aids.” But besides these obvious items, I would add education. Educate, educate, and educate, some more. Read and learn as much about everything from basic gardening, woodworking, metallurgy, to medicine. Over the years I’ve studied enjoyed radio communication, gardening, food preservation, volunteer with the local EMS, I am an EMT. I think it is important to support and give back to the community but I selfishly wanted to also educate myself medically for my family’s sake when the SHTF. Build that survival library, hard copy not ebooks. Read and absorb as much as you can before not during an event. Once it is learnt no one can take that from you. Someone bigger, stronger may be able to take your beans, bullets and band-aids but not your knowledge.
Yes, having a supply of stored food – home preserved, freeze-dried, etc.- is essential. Learning the skills to acquire your own food goes along with that. Knowing how to garden, find wild foods and hunt/fish will go a long way toward keeping your family fed when times are tough.
For me its (A) PM’s and extra food and other items in sufficient amounts that I can barter them. (B) Learn skill sets like (making home yeast, medication, primitive hunting, preserving, medical training, electronics, carpentry, welding, sewing, etc. (C) Raise rabbits / chickens and or ducks (create a backyard farm or room) and garden
Besides stockpiling, which is a great thing but, stockpiles run out. Being a producer of some sort. Gardening, primitive skills, ect. Being able to make clothing when your supply has run out or worn out is an example. Tanning animal carcasses for leather shoe wear is another. Being able to convert lets say a tractor into wood gasification.
Hi everyone….well I live in the desert and I’ve just purchased some maps of my area that tell me where there is year round water to use. The question is will it be guarded by friendlies or gangs? Water will become the next currency when the shtf and all the food, shelter, ammo, boots, knives will be meaningless unless you have water. Happy Days….Rusty
While it’s not the most important thing to do, one of the simplest things to do to prepare for uncertain economic times is keep an emergency fund in cash. I understand that, in the long run, Federal Reserve Notes are likely to take their place beside Confederate dollars and Weimar Republic paper Marks as symbols of hyperinflation. However, in the short run, paper currency in hand will likely have more value than digits on a debit card or checking account, especially in the case of a localized disaster that takes out electricity in the affected area.