Many people are wondering if there is a total economic collapse in our near future, something equal to or greater than the great depression. It is no wonder with unemployment and foreclosure rates jumping up and down, the devaluing of the US dollar, and the out of control national debt.
What is this leading to:
At this point, no one is really sure what to expect. However, with the constant influx of federal money flooding the economy, inflation is going to impact consumers: it is just a matter of when. It could even lead to hyperinflation.
What is hyperinflation: Hperinflation occurs when there is a large increase in the money supply that is not supported by gross domestic product (GDP) growth - meaning actual manufacturing in the marketplace. This results in an imbalance in the supply and demand for the money. This has continued for years and if something doesn't change soon, it could lead to a major financial disaster by causing prices to increase, because the dollar will lose its value.
How to Survive
- Make eliminating debt and increasing assets your first goal.
- Get out of debt and stay out of debt (if necessary get debt counseling but reduce your debt as quickly as possible).
- Consider selling any valuable items that you do not need and do so as soon as possible while you still have buyers.
- Increase assets as you are able - concentrate on items that you and your family would need to survive; water, food, personal items, hunting gear and personal protection, alternative currency such as gold or silver.
- Assemble or purchase a Complete First Aid Kit and a Sewing Kit.
- Take as many training classes that you can; such as wilderness survival and CPR.
- Get to know your neighbors - if things do get really bad you might be dependent on each other for survival.
- Become as self sufficient as you can. Learn how to grow your own vegetables.
- Learn about sustainability. You can raise chickens, collect your run-off rainwater in a Rain Water Collection Barrel, , can your vegetables, and use a Portable Solar Oven to cook your food.
- Learn how to barter - useful items to barter with are basic necessities such as clothing, shoes, blankets, soap, ammunitions and don't forget specialty items such as coffee, chocolate, tobacco and alcohol.
Worst Case Scenario
If we experience a total economic collapse people will become desperate making survival in densely populated areas more dangerous for you and your family.
Have a plan to relocate to a relative's house (evacuation plan) - preferably to a remote location - the more remote the location and the more acreage the better.
Prepare a bug out bag ahead of time to take with you. You will want to bring all the necessary items you might need if you have to stay for an extended amount of time.
What You Should Take
- Gather all your important documents - birth certificates, passports, marriage license, social security cards, etc.
- Any valuables, items with monetary and sentimental value such as jewel and family photos.
- Bring all emergency contact information along with your cell phone and charger.
- Bring a survival kit with first-aid items, non-perishable food, extra water and cash.
- Keep your vehicles full of gas at all times in case you need to make a quick get away.