How to Survive a Sudden Economic Collapse

[Onyx]

How to Survive a Sudden Economic Collapse By Jessica Drew on e how

A sudden economic collapse can mean impoverishment...especially if you are unprepared


A sudden economic collapse used to be the stuff of fiction as far as the US was concerned. However, the almighty dollar keeps weakening, the threat of hyperinflation looms, and the price of essentials like oil and food keep sky rocketing. All in all a recipe for disaster. Many Americans still do not acknowledge the possibility of a sudden economic collapse, but a significant number of economists say it most definitely could happen. Lets all hope it does not! But the fact of the matter is that it has happened before in the US and could very well happen again. The best thing you can do for your self and your family is follow these steps to ensure you survive a sudden economic collapse:

Step1

Apartment and city dwellers will want to have a remote location accessible
Create an action plan for the worst case scenario of a sudden economic collapse. Most likely, if the US suddenly falls there will be a wave of panic. If you live in a densely populated area this could get dangerous, so you will want to have a plan in place to transport you and your family to your nearest relative's house in a remote location...the remoter the location and the more acreage the better. If you will need to evacuate a densely populated area take these measures ahead of time to speed things up if it comes down to this worst case: - Compile all your important documents in one fire and water proof portable chest (birth certificates, passports, wedding license, social security cards, etc.) - Also include in this chest any valuables, items that are both monetarily valuable such as jewels and sentimentally valuable such as baby photos - Make sure your vehicle, or one of your vehicles (if you have two) is nearly full of gas - Make sure your cell phone(s) are fully charged and that you bring the charger - Be sure to bring a first aid kit with you especially if you have kids! - Stash away a small supply of non perishable food you can take with you in a hurry - Do not wear any visible signs of wealth or anything that would entice theft, hide wedding rings and other jewels until you are safely inside a relative's home

Step2 Jewelry is pretty, but food is tastier

Sell all your valuable items that you do not need in an economic collapse and do so as soon as possible while you still have buyers. You never know how long hard times will reign if a true economic collapse happens, the Great Depression lasted about 10 years. So sell your second vehicle, expensive but unnecessary electronics, and any other luxury items when and if an economic collapse first happens and when they will be worth more and you still have a sizable pool of potential buyers. Years later you may be using the money from these sales to buy food

Step3

Dont let hyperinflation rob you of your savings
Protect your savings in a sudden economic collapse. If an economic collapse happens there is an almost definite possibility of hyperinflation occurring. This means the US dollar could become worthless. The best way to protect your assets from hyperinflation is to convert them into: - Gold/Silver: the international standard of wealth, that maintains its worth through troubled times - Swiss Francs: all Swiss Francs are backed by gold and other precious metals, and Switzerland has never been invaded throughout history! So this is a safe bet for a secure place to stash your savings through a depression. Taking these measures could mean that you have something left of your savings when the US comes out of an economic depression

Step4

You will need a decent amount of cash to for immediate needs. Make sure you have some cash on hand for buying immediate goods and services. If a sudden economic collapse happens, banks could go out of business or have their assets frozen by the federal government.

Step5

Stock up on as much canned goods as will fit in your pantry. Stock up on canned goods, and other non perishable essentials to sustain yourself and your family for a long while. Again, no one knows how long ranging the effects from a sudden economic collapse will be.

Step6

A knowledgeable farmer can sustain himself and his family indefinitely
Buy seeds, seeds, and more seeds...and seeds of plants that flourish in your local area with little maintenance. Having an extensive garden can really help to ensure food availability in an economic collapse. Also, and this is VERY important, educate yourself on sustainable farming practices, if you are unknowledgeable about planting and harvesting crops you could very well lose a crop to disease or pests. This could result in catastrophic consequences for yourself and your family if you end up being dependent on a garden as your food base.

Step7

With a shot gun or rifle you can hunt and provide meat for yourself and your family. Consider buying a shot gun or rifle, for hunting as the availability of meat could be come nonexistent for a time. Also, if the very worst case scenario happens you'll have personal protection for yourself and your family.

Step8 Community is key for long term survival

Get to know your neighbors! There is most definitely strength in numbers, and this is crucial to weathering the effects of a sudden economic collapse.

Step9

There is no use in worrying excessively about what the future holds
Do not worry or obsess about the possibilities of a sudden economic collapse! Take relief in knowing that you have prepared as best as you can for the well being of yourself and your family...and hope for the best... and just remember your (great) grandparents survived a total and sudden economic collapse, and you can too!


How to Survive a Sudden Economic Collapse! | eHow.com