As preppers or survivalists we frequently consider preparations as something intended for when the world has finally pushed those lethal buttons and nuclear bombs have departed for many of the world’s largest cities. We center our survival kits upon scenarios intended for total destruction with a hopeful overview of getting started fresh once again. Few people reflect upon their survival supplies with the implication of economic preparations to get us over the economies downside.
As we cautiously peek at the evening newscasts being televised on the TV screen we can take note of all the mayhem being generated by the various European nations as they face fiscal catastrophes entailing drastic infusions of loans to hold them afloat.
Our national debt is essentially positioned no better when we grasp that the federal deficit is currently in the trillion dollar amounts. It may be flatly denied by those in public office but in effect America is bankrupt, we owe more money out then we are currently worth.
Families are having increasingly difficult times preserving their simple physical resources which they require to sustain their day to day lives. Many are on the threshold of losing their homes as well as their future savings. A good many American families are without work and losing their means of livelihood. Fossil fuels, so needed for our transportation demands have sky-rocket in price leaving many to ponder how they can survive.
If I may be as blunt as to state we will likely encounter one of three serious situations in our near future.
1. Nothing will change. Things will remain the same as they are right now. We as a nation will persistently trudge along as our government continues to fling towards us small tads of hope after each and every crisis. Our elected officials are apt to sink our nation deeper in debt as they inject what they deem as stimulus money into the arms of overbearing industries.
2. As a nation we will be obligated to initiate some fundamental adjustments in the way we do business in order to elevate our economic progress to a more positive level. No longer will it be acceptable to survive financially beyond our means but rather each entity in the economic food chain will revert to a physical-collateral system based upon what we own and what we owe. We will once again look at the books of life as being either in the black or in the red.
3. Our third choose consists of continuing to formulate wrong economical decisions ultimately triggering our financial system into collapsing. The current arrangement of trade whether is based upon dollars, euros, yens or what have you, will be nothing more then entries found in a collectors book of past monetary tokens. When this occurs we will be able to honestly admit that our society has plummeted to one point short of pure chaos.
Now we have no choice. Since employment will rarely exist at this point in time our spending both by individuals and by government entities will quickly come to be curtailed. Our government will no longer be capable of financing their accrued debt. Their income via taxes will be near to nil since there exists no one being gainfully employed.
At this point our government leaders will be confronted with the seizure of private physical assets however; the people recognizing their need these items to survive will finally fight back. The question here is how can we survive until the system balances itself out and becomes self-sufficient once again.
Your first consideration will need to center upon your income. Are you currently depending upon the government handing you a monthly paycheck? Do you receive your livelihood from a government retirement plan? Is social security your means of income? The solution to this dilemma is simply not to depend upon a single source of income. I know it’s difficult but is essential to survive.
Your second point to ponder is how much money you currently owe out. Will the person or agency you owe this money to come after you for it if you are unable to pay it? What seized assets do you risk losing if you can no longer afford the payments on this debt? At this point your best course of action would be to eliminate those debts as soon as you possible can. Above all do not incur additional debt.
The third point we will make here is where are you keeping your assets? Are they in government bonds or tangible items which can be bartered? If it comes down to joining a bartering system do you have additional supplies you can use or are your sources limited?
Our forth important point I would like to make concerns perceived skills which you may possess. Over the years have you acquired specific skills which could be in need by others? Would they be willing to adequately compensate you for your efforts? Having skills which can help you pay your bills can greatly increase your chances of survival.
Lastly, be realistic with yourself and determine what chances you have either alone or in a limited community for providing most of your needs, including security, for a short time period of time. Physically where are you located? Are you in the suburbs or in an urban environment? Is your current neighborhood good or bad as far as safety is concerned?
Do you have a yard or a patch of land that you could put to good use growing food on? Do you have the means of raising small livestock? Have you stockpiled supplies such as toilet paper, aspirin, batteries and cooking oil during your times of plenty?
When the infrastructure dropped out the bottom of the bottom of the barrel, will you have friends or neighbors that are likely to arrive at your doorstep with their hands outstretched? Or perhaps their goal is not so honorable and they arrive with evil intentions. Are you currently maintaining a low profile and provide the appearance of suffer with the rest of the people?
It seems like a lot to think about and it really is but if you take each issue one step at a time and make wise decisions you can be prepared for the next downfall. As long as people exist we will not have an economic collapse which lasts permanently. People generally want a society with peace and order. Looting does not thrive for the long term. Think and plan accordingly.
Copyright @2010 Joseph Parish