Survive The Next Economic Collapse
Economic collapse
Introduction: How can you prepare for an economic collapse? The dollar is losing value, gas prices are high, food prices are high and millions of people had lost their jobs. On the other hand, the good news is there is no need to panic. Even through ruff economic times and chaos there is a light at the end of the tunnel. I will give you some basic tips on get ready and wheatear the strong economic storm that is sweeping this nation. Here's how you can survive the economic collapse.
Instructions
1. If you have money in cash investments like a savings account, cd's, money market funds and retirement plans with stocks and bonds in it. They might be worthless in the economic collapse.
2. Instead of putting money in a money market account, cd's or savings account. You should take your money out of all these investment vehicles and exchange all your cash for gold and sliver coins. Gold and sliver is a hedge against the dollar. When the dollar loses value, gold and sliver stays equal with inflation.
3. If you still want to put money in the stock market. I would buy etf's that invest in commodities. You can also buy defensive stocks that pay dividends and have steady cash flow. If you want to make big money then, purchase some stock options. You can make money when a stock is going down. When you see your stock declining, use a put option or short your stock.
4. In a economic collapse we might also have a food shortage. You might want to stock up on a lot of dry food and can food . Another idea is growing your own garden.
5. Are you afraid of losing your job, then start a part-time business. I lost 2 jobs during this recession. I'm warning you your job is not recession proof. If you want to start making money part-time, then join a network marketing company or affiliate program. You can also sell products on e-bay or start blogging and writing articles.
6. Research the great depression. If you go to the library, look up books on the great depression or economic collapse. You should make a plan, on survive an economic collapse. If you watch the news, don't believe every thing you see. The news today are filled with lies. I think you need to do your own research.
7. I recommend books to read like crash proof by Peter D. Schiff , The coming economic collapse by Stephen Leeb, The Collapse Of The Dollar by James Turk, The New Economic disorder by Larry Bates,
Prophecy by Robert Kiyosaki, Rethinking The great Depression by Gene Smiley, Brother Can You Spare a dime by Laverne Andrews, Maxene Andrews, Patty Andrews, and Fred,The second great depression by Warren Brussee and Essays On The Great Depression by Ben S. Bernanke.
8. It's important to pay off all your debt, Instead of buying things with credit cards, use cash.
You don't want to carry any type of liabilities in an economic collapse. You should sell your vechicles and house or any thing that has payments attached to them. The last resort if your deep in debt, is to file for bankruptcy. Going bankruptcy might be a hard thing to consider, but it' better then being in debt going into a depression.
9. Get to know your neighbors and get names, phone numbers and adresses. If you get to know your neighbors, then you will have some one to barter with in the coming collapse. If you live in a large neighbor hood , also buy personal protecetion like a gun or security installmenat in your home.
When buying a gun buy booth a rifle and a hand gun. The rifle will be used for hunting.
10. Buy items you can use for bater like, blankets, vitamins, tabacco, liquior, wood, fuel, food from
your garden, pillows, tape, car parts, coat, boots and medicine. You should look for items you have in your garage and around the house. You need to have items you can barter on hand, just incase you run out of money.
11. Take some survival classes so you can know what to do in the economic collapse. You will be better aware of economics and world problems when they come. If you have family members you are close to, then get them involved with you.
12. The biggest thing people are worried about, is the banks failing and people are very concerned about their money. If you want to put your money in a institution where it's safe, then join a credit union. The credit union survived the great depression and several recessions. Credit unions was created because the founders did not like how banks were treating it's costumers. Banks were charging high fees and were in it to make profit. Democrat officials formed credit unions so people won't become victims of the banking system.
13. Last thing is you need a plan to survive the economic collapse, here is a sample plan.
Plan for economic collapse
Inflation hedge- gold, sliver, platinum bullion coins and bars.
Deflation hedge- zero coupon bonds
Barter items- vitamin,tabacco, liquior, wood, fuel, pilliow,tape, food from your own garden, car parts, boots, medicine.
Retire plan- perious metal IRA
Protection plan- hand gun, shot gun, pocket knife, security installament.
Stocks - index fund commidties, put options
Business- a home based business like network marketing
Food plan - Stock up on a lot of can food
Clothes- sweater, heavy coat, boots, gloves, scarf
If you start preparing for the economic collapse now, then you will be ready for the tuff times coming.
Tags: economic collapse, economic collapse, great depression, survive economic, , your garden