Prepare for Slow Economy

I’ve covered the stagnant economy and money saving ideas a number of times in many different posts.   People are still worried about jobs, high food prices, and the ever increasing deficit.  I think the most important thing people can do is be prepared for anything.

As the new year begins, make a firm decision to become prepared and do everything you can towards this goal.

Buy food and other necessities now while the prices are still manageable.  Buy items on sale and combine with coupons.  Even if nothing happens, you know prices are only going to increase so you really can’t lose by setting aside a good stockpile.
Even if you are employed and are comfortable with your finances, save some money and avoid getting into new debt.


Have a “worse case scenario” plan on what you would do if there were an economy collapse and the main wage earner of the family were to lose his or her job.  What if you can no longer pay your rent or mortgage?  Would you combine forces with your family and move in with them?  These are not pleasant thoughts, but if you deal with them now, you avoid going into shock later.  You will also be able to make a plan and take action now to ensure a better outcome.
Value your job.  Make yourself as valuable as possible by volunteering to learn new skills, exceeding your boss’s expectations and being a team player.
Pick up a “side gig” or two to supplement your income.  It can be as simple as selling books and items you no longer need, or making crafts and selling them online.
Take care of your health – use all your workplace benefits toward getting new glasses, getting checkups, maintaining your dental work etc.
Eliminate spending on services you no longer use:  ditch cable if you are no longer on contract, get rid of the gym membership if you never go, stop those magazine subscriptions that you never read.
Maintain your car and make it last as long as possible.
Instead of buying, find a way to make things yourself.  All you have to do is try. Try making your own bread, cereal, yogurt, muffins, laundry detergent – even dog treats.  You can even make your own skincare products. These are easy projects that can be done in a few minutes.
Don’t use shopping as entertainment – having fun does not have to cost a lot.
Don’t neglect your emergency supplies.  Build your emergency food, water and necessities, buying a small amount as you can afford.  Continue to stockpile but make sure you rotate your supplies to avoid waste.




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10 Reasons to Prepare for an Economic Collapse

1.  Food Shortages Can Actually Happen

Most people assume that they will always be able to run out to their local supermarket or warehouse club.  Those of us that prepare, know better. It is those folks that do not prepare that we need to worry about.


2. Medicine Is One Of The First Things That Becomes Scarce During An Economic Collapse

When credit systems and distribution channels are compromised, medical supplies will not make their way to the local pharmacy.  Any medicines and supplies that are available will likely be diverted for use by the power elite.  Sorry to be such a cynic but we all know that there are privileged classes that have the power and the means to get whatever they want, even if it means denying the rest of the population with their fair share.


3.  When An Economy Collapses, So Might The Power Grid

No money to pay workers and no fuel to fire the grid translates into no grid at all.  Going without power for a week or two is one thing but going off grid for months or even years?  We are a soft society accustomed to our comforts.  Without the grid, our lives will be quite different than the life we live today.


4.  During An Economic Collapse You Cannot Even Take Water For Granted

When the grid goes down, so goes the water treatment facilities that ensure that clean water flows from our faucets.  I survived 12 days without running water.  Do-able yes.  Fun? Hardly, but I knew the water would come back on eventually. What if the water never came back on?


5. During An Economic Crisis Your Credit Cards And Debit Cards May Stop Working

Same thing.  If the grid is down, our banking system will basically be down too.  This means that credit cards and debit cards will be useless to transact business and make purchases.


6.  Crime, Rioting And Looting Become Commonplace During An Economic Collapse

This is not a maybe.  The haves will need to defend their property from the have-not’s.  I also suspect that the “haves” (aka preppers) may have to defend themselves from government looters.  It will be every man or woman on their own; defending what is theirs.

The young and healthy might be able to handle this but what about the elderly, the sick, and the disabled?  Even if they prep, how will they defend themselves?


7. During A Financial Meltdown Many Average Citizens Will Start Bartering

Without credit cards, debit cards, and quite possibly currency, a barter economy will emerge.  By the way, the best description I have read relative to how such an economy will work was is James Wesley Rawles book, Patriots.

Things will definitely fall apart during an economic collapse. Having supplies and especially skills to barter with not be an option.


8. Suicides Spike During An Economic Collapse

This happened in the 30s and it will happen again. When people no longer have hope, they feel that life is not worth living.  My guess is people will start jumping out of buildings and may take family members with them in a suicide pact.


9.  Your Currency May Rapidly Lose Value During An Economic Crisis

Let me take this one step further.  Your currency WILL lose value during an economic collapse.  It happened in Germany during the Weimar Republic and it has happened more recently elsewhere around the globe.  We are not immune to runaway inflation coupled with devaluation of our currency.


10. When Things Hit The Fan The Government Will Not Save You

If you think that the government will come to the rescue of those that are suffering think again.  Remember the aftermath of Katrina?  Remember Super Storm Sandy?

It is foolhardy to believe that government assistance of any type will become available following a collapse. History has demonstrated over and over again that governments cannot be counted on when things hit the fan. You will be on your own so you better be ready mentally to accept that reality and the tough times that will ensue.


As Conclusion

So where do we go from here?  What solutions are there to get you through to that mental place you know you will need to go to?

Three things you need to remember are:

1.  Only you can be counted on to take care of yourself and your family.
2.  Leaning coping skills during times of calm will give you a heads up on coping during times of crisis.
3.  Give yourself permission to worry, to be concerned, and to be a bit afraid.  This will keep you alert and on your toes at all time.

At the end of the day, those that prepare will be in it for the ride.  The real question is whether we have the mental fortitude to get there without losing are path along the way.

The right to make a copy for personal use is part of most existing publishing agreements. This right is recognised as an important right for the author. Because the right is attached to the author and in most cases well defined, personal use won’t harm the publisher.

Green Living Resolution

Towards greener living lifestyle, I share this article for an early awareness. As with any resolution, the key is to choose something feasible. A change you can make without major stress or strife is most likely to become permanent. If you don’t have one in mind yet, here are some great “green” resolution ideas to make your living more eco-friendly than now.

Convert to cloth tissues

Single-use, disposable facial tissues create a lot of unnecessary waste. Reusable tissues are easy to make out of old shirts or other soft fabrics. Wash them with your regular laundry and you have created no waste, and used no extra water (because your laundry has to be washed anyway!). Check out our post on cloth tissues for some extra insight.

Ban paper towels 

Make your house a paper towel-free zone by converting to reusable rags for cleaning and cloth napkins for dining. It’s an easy habit to pick up, and you’ll cut down enormously on non-recyclable paper waste!

“Meatless Mondays”

By choosing not to eat meat one day per week, you’ll reduce your average meat consumption by about 14 percent. Doing so will lower your carbon footprint and may even improve your health!

Start a compost pile

Another incredible way to cut down on household waste that your garden (if you have one) will thank you for! See our posts on urban composting and composting in Austin for some helpful tips to get you started.

Bike to work or school one day a week 

Or take public transportation, or walk, or build a boat from old limbs and float down your local creek. Whatever you choose, it’s always good to set a specific goal that’s manageable for you. Weekly goals are good because they are easy to keep track of, and not overwhelming.

Start a garden

Spend less money at the store *and* eat healthy, fresh food. Wuhuu! If you live in a village or rural area, you got an advantages!

Share something

The simple act of sharing can save money and resources while fostering kindness in communities. You could share something you own, for example: a set of power tools or perhaps a skill you have like, for example, bicycle repair. Sharing’s contagious too, so you’re likely to start a trend with your friends and neighbors that’ll be beneficial to you as well!

The right to make a copy for personal use is part of most existing publishing agreements. This right is recognised as an important right for the author. Because the right is attached to the author and in most cases well defined, personal use won’t harm the publisher.

Preparing for World Economy Depression

As we know many of my post often related to outdoor skills such as navigation, survival, basic first aid etc. This post I share with the readers to express my concern about world economy depression. Many economist said now days, US Dollar will collapse if the world doesn't recognize or trust that stamped paper with notes on that.

The US dollar is a fiat currency and this allows the Fed to print an unlimited amount. By definition the US Dollar is worthless. Investopia defines fiat currency as "currency that a government has declared to be legal tender, despite the fact that it has no intrinsic value and is not backed by reserves. Historically, most currencies were based on physical commodities such as gold or silver, but fiat money is based solely on faith." EVERY FIAT CURRENCY IN THE HISTORY OF THE WORLD HAS FAILED!

So as my initiative, I found one 'not too heavy' article to read about this issues. So seat back and read.

The thought of world economy collapse is scary, but as markets plummet, unemployment skyrockets, and experienced analysts make dire economic predictions, world economy collapse seems increasingly likely. Some forecasters are predicting that America might become the first 'undeveloped' country in the world. Whether you believe this is sensationalistic or not, what's certain is that the implosion of world financial markets continues, and we'd all do well to prepare for world economic collapse.

Only buy what you need. Don't spend a cent more than what you must, and be frugal in what you buy. Buy used whenever possible, and go for quality over quantity. Save, re-use, and do without when you have to. Remember all those stories about your grandfather walking 10 kilometers daily barefoot in the jungle or bush? We need to do the economic equivalent. Get some mettle and use the wisdom of our elders to learn to be frugal and spend wisely.

Get out of debit and start saving money. The dollar is sure to plummet even more in the face of world economy collapse, and evidence shows that gold prices rise when the dollar decreases in value. Investing in gold may be the way to go rather than cash savings. Gold coin investing can help you preserve the value of your money if the dollar sharply plummets. Gold retains its value, and can be traded for stronger currencies or used to purchase good and services. If there is no extra money to pay down debt or start saving, focus on necessities like housing, food, and supplies.

Be creative about sources of income. As more large corporations go under and thousands of jobs are lost, think outside the box for ways to bring in additional income. Examples of ways to earn extra money include direct sales, online writing for upfront or residual pay, selling high-demand items online, and selling items on consignment.

Consider a career switch, and get the necessary training while you can. Jobs in health care and energy conservation are expected to thrive even with global economic collapse.

Stockpile food, water, and emergency supplies. Dry goods like grains and legumes, along with canned goods, bottled water, water purification tablets, and first aid supplies should be kept on hand in case of emergency.

Learn to be resourceful and do things yourself. From home plumbing to growing your own food, learn to provide for your own needs as much as possible. Start now to learn how to create and tend a food garden, and consider spending time studying up on home repair and other useful skills.

Network with friends, family, and neighbors. Build relationships within the local community so that you can rely on them - and they on you - in case of world economy collapse.

Learn to barter. Have on hand important goods like personal care items (soaps, razors, deodorant), non-perishable food items, tools, first aid supplies, and other necessary supplies. Consider what you know. Do you know how to garden? Are you skilled in holistic health techniques? Do you know a lot about home repair? These skills are not only valuable for you, but you can use them to barter and help others in case of world economic collapse."

adapted from main source: click here

The right to make a copy for personal use is part of most existing publishing agreements. This right is recognised as an important right for the author. Because the right is attached to the author and in most cases well defined, personal use won’t harm the publisher.