Getting Ready for the Coming Wild Economic Ride – Part 2

falling_dollar_web-139x275In part one, we just finished talking about reducing your material footprint, so that you start to wean yourself from the “luxury must-haves” that you consume now.

This also goes for any vices you have. The sudden withdrawal from nicotine, alcohol and caffeine will change your behavior. The more vices you have, the more difficult you’ll have in coping without them. Start weaning yourself off them now.

After the balloon pops on this economic bubble we’re in, common daily items are going to disappear fast, and after that, they’ll be in short supply. Look at any country that has gone through hyperinflation or severe economic crisis and you’ll see this. It’s going to happen here, too. It would be irresponsible of us, as preppers, not to be well-stocked on our common items.

Make sure you have a good supply of daily goods. These are the items I call sundries and include things like toiletries, but also kitchen items (foil, bags, wraps, napkins, etc.), medicines and other miscellaneous items (dish soap, vitamins, sunscreen, Lysol, clothespins, etc.). These common items will be the ones everyone needs and whenever they’re in short supply, will be exceedingly hard to acquire.

Of course, don’t forget your food storage, as well as having the ability to grow your own food. Keep in mind, though, you can’t simply start growing food anytime you want and expect to immediately get enough to feed your family. You either need to have a working garden now, or have stored up several years of food to see you through the failed seasons of a newly started garden.

You should also make a plan to relocate, particularly to a non-dwelling location. There are many people living in shanty towns right now in the USA (Seattle’s tent cities are a local reflection of global slum housing crisisThe Homeless Tent City in Google and Facebook’s BackyardHomeless survive in makeshift shelters in tent citiesTent City in Lakewood, NJ) and when the economy collapses, many more will join them. While hoping it would never happen to you, as a prepper, you’re used to preparing for events you hope never happen and this should be no different.

It’s likely, as a prepper, you already have camping gear but if not, start acquiring it now. All the basics need to be covered: cooking, shelter, sleeping and so on. These are the items you’ll take with you if you need to relocate and cannot take all of your possessions. This gear also gives you the ability to remain mobile and flexible on where you can go if you have to evacuate. When thinking of your relocation plans, make sure you have a place to go, too. Never become a refugee – always have a place to go, even if it’s a favorite camping spot.

Now that we’ve all been educated on what bail-in is (via Cyprus), you should be aware if the need to keep as much of your money out of the reach of bankers and governments as possible. To be sure, it would be difficult to thrive in today’s world without a bank account, but keep only what you need to pay bills and such. At this point, even if you kept the cash at home, it would be safer than keeping it in the bank.

However, keeping cash is also a losing game because of inflation. Even without getting to hyperinflation, we’re seeing a yearly erosion of the value of our money. Sure, a dollar is still a dollar, but every year it buys less. In an inflationary economy, money loses its value and the only way to preserve its value is to buy something that will retain its value regardless of, or perhaps specifically due to, a collapse economic system.

You’ll want to store your wealth in tangible goods, but not just anything – specifically those that will retain their value in a post-collapse economy. If money is tight, focus on those items you and your family will need for survival and make sure you can take care of them first. At some point, though, how much food can you carry in your car? if you have to bug out?

You need to balance the ability to provide for yourself with the ability to transact with others without money. Typically, people think of gold and silver filling this role, but there are other items that can work. Candles, matches, aspirin, candy, whiskey, TP and soap are only a few of the items that will probably be used as currency, once the economy drops. The key, though, is to have items that don’t lose their value, or increase in value, in a depressed economy, but also consider the durability in general. For example, if you have chickens, you can trade those for other things you need, but if a coyote or a disease kills them, they quickly lose their value.

Another skill to develop, and one I don’t see talked about too often, is the ability to maintain a positive attitude. Not only does this improve your chances for survival, but those that look to you for leadership will also be bolstered by your confidence. Especially important for those with children, staying positive also allows you to capitalize on any opportunities that arise.

I don’t think anyone can dispute the economic path we’re on, and how the near future is going to be some of the worst we’ve seen since the Great Depression. However, to be forewarned is to be forearmed.

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