Skip to comments.Things You Will Need To Survive When The Economy Collapses
Posted on 05/20/2010 9:11:28 PM PDT by Fight4Freedom1
* This list isn't extensive by any means, so please add more items/tips as they come to mind. Guns & ammo are a given the "list" failed to mention. I guess in order not to cause panic... Today, millions of Americans say that they believe that the United States is on the verge of a major economic collapse and will soon be entering another Great Depression. But only a small percentage of those same people are prepared for that to happen. The sad truth is that the vast majority of Americans would last little more than a month on what they have stored up in their homes. Unless you already live in a cave or you are a complete and total mindless follower of the establishment media, you should be able to see very clearly that our society is more vulnerable now than it ever has been. This year there have been an unprecedented number of large earthquakes around the world and volcanoes all over the globe are awakening. You can just take a look at what has happened in Haiti and in Iceland to see how devastating a natural disaster can be. Not only that, but we have a world that is full of lunatics in positions of power, and if one of them decides to set off a nuclear, chemical or biological weapon in a major city it could paralyze an entire region. War could erupt in the Middle East at literally any moment, and if it does the price of oil will double or triple (at least) and there is the possibility that much of the entire world could be drawn into the conflict.
(Excerpt) Read more at businessinsider.com ...
I agree completely.
Ppl today are so spoiled it’s pathetic.
Can you imagine the chaos if this does in fact happen?
The very ones making-fun will be the worse ones.
Thank you for this.
I’ll check it out tomorrow.
The topic is good but the link is horrible. It is one of those sites that makes you click 20 times (with an ad at every click) just to see the list of 20.
MSN is like that and now no matter how interesting the headline makes the article appear, I just won’t go there.
No rap on you. It is an worthwhile topic. We just need to find a direct list.
My computer tells me I must download something to view your page. Sorry.
Can’t tell what continent it hit but something tells me if you are at ground zero there is only one thing you will have needed to have done in preparation - a stock pile of guns, ammo and food you can’t take with you.
Try this one...
Put your two cents here...
If the supply of energy were disrupted severely, millions would be dying within weeks and violence would be widespread, you may find that survival is not even preferable. Some very tough, ruthless actions would be necessary and honestly most average folks just aren't up to it.
It's the last sentence that jibes with me most whenever these doomsday preparation scares crop up. Most people are not up to doing what is necessary to KEEP all the items on the list.
Lessons from Argentina’s economic collapse
The Coming Depression
What Good Can a Handgun Do Against an Army.....?
SURVIVING IN ARGENTINA: MAKING MONEY DURING A DEPRESSION(PREPARE TO BE SURPRISED)
“But even without all of that, the truth is that the U.S. economy is going to collapse.”
That’s said with such certainty. I’ve been paying attention and still can’t wrap my head around this....imagine those who aren’t...like my sons...who roll their eyes and ridicule me whenever I mention it. If I begin to ‘hoard’ anything, they’ll think me certifiable. (I have a friend who’s a hoarder and she IS certifiable). Normally, I wouldn’t care what they or anyone else thinks, but, my sons are all I’ve got and I would love to see them be supportive and prepared as well. I think half the battle most of us have are with friends and family, more than half of this country, who voted for and are still actually still looking forward to the ‘hope and change’ promised by Obama...and sadly, they’re going to get it.
Our grandparents and parents survived the Great Depression—because they lived on farms. Our modern lifestyles says “we’re dead meat”.
I remember my grandmother said she “frequently fed the hobos passing thru”. My grandfather stuck around with a .38 revolver just as a precaution. But back in those days, it was less of a risk of being attacked for your kindness as it might be today.
For future reference.
25 Rules for today’s economy
Rule 1: For return on investment, using quality materials and a cohesive design provide the best returns on a home upgrade. Bathroom and kitchen upgrades add the most equity.
Rule 2: Its worth refinancing your home only if you can reduce your overall costs including the added refinancing costs.
Rule 3: Go no more than two and a half times your income in overall debt to buy a home. For a down payment, only exceed 20% if you dont think you can beat the interest rate in investments.
Rule 4: Your total housing payment should not exceed 30% of your net income. Total debt payments should not exceed 40% of your net income.
Rule 5: Never hire anyone to provide a nontrivial service for you if they cannot provide quality references.
Rule 6: All else being equal, the best place to invest is in an investment plan through your work benefits up to the full company match. After this, invest in a Roth IRA. Still have money to invest? Put it in a place that you can easily access in ten or fifteen years, like an index fund.
Rule 7: To figure out what percentage of your money should not be in stocks, sutract 30 from your age and then double that number.
Rule 8: Invest no more than 5% of your portfolio in your company stock or any single companys stock, for that matter unless you are exceptionally well-educated on the company; even then, dont go above 10%.
Rule 9: The only way you should compare mutual fund returns is by first subtracting the fees off the top of any fund; this will expose the true value of the fund.
Rule 10: Aim to build a retirement plan that contains 25 times the annual amount you want to have when you retire. So, if you want a total income of $60,000 each year when you retire, you need to have $1.5 million in your retirement account.
Rule 11: If you dont understand how an investment works, do some research before you invest; dont just write it off.
Rule 12: If youre not saving 20% of all of your income in excess of $20,000, you arent saving enough.
Rule 13: Keep two months worth of living expenses in a bank savings account or a money market account for each person in your household. So, if four people live in your household, have eight months worth of living expenses.
Rule 14: Aim to accumulate enough money to pay for what four years of undergraduate tuition would cost for your child at the institute of your choice on the day he or she was born. The rest can be borrowed or covered when the time comes.
Rule 15: You should leave behind a years worth of life insurance to cover your funeral, plus two years salary for each dependent you claimed on your last tax return (including yourself).
Rule 16: When you buy insurance, compare the packages at multiple insurance providers with the highest deductible you can afford. Its the easiest way to lower your premium.
Rule 17: The best credit card is a no-fee rewards card that can earn you at least 1.5% in return that you pay in full every month. But if you carry a balance, high interest rates will wipe out the benefits.
Rule 18: The best ways to improve your credit score is to pay bills on time, to reduce the balance on your credit cards, and to not cancel old cards when youve paid off their balance.
Rule 19: Anyone who contacts you at any time and requests personal information of any kind is a scam artist. You should initiate all contacts that require a personal information exchange.
Rule 20: The best way to save money on a car is to pay cash for a late-model used car and drive it until its junk. A car loses 30% of its value in the first year.
Rule 21: Never lease an automobile.
Rule 22: When a new gadget or computer comes out, select the model you would like to buy, then wait three months for the price to lower. If you still want that model, buy it; if not, move on or select a new model and start a new three month wait.
Rule 23: Save money on airline tickets by buying early, comparing rates, and being flexible when it comes to carriers and options.
Rule 24: Dont redeem frequent-flier miles (or points from any bonus program) unless you can get more than a dollars worth of air fare or other stuff for every 100 miles (or points) you spend.
Rule 25: When you shop for electronics, dont pay for an extended warranty.
Underwear is what you wear.
I assumed underware was the wares you sold "under the table" to survive.
Exactly. How many of the hobo’s your grandmother shared with showed up with zero manners, without a belt holding their pants up, covered in tattoo’s, with zero cash and $100+ shoes? I’m betting those hobo’s were extremely polite and tried to be of service in some way around your grandparent’s house. That generation wasn’t raised in front of a television.