by Amy S.
Do you think that you know how to prepare for the imminent economic collapse and next Great Depression? If so, are you putting that knowledge into action?
In America today, people are more concerned about the possibility of a major stock market crash with a devastating economic collapse – than ever before.
We are living in the greatest debt bubble in the history of the world, the global banking system has been transformed into a high-risk pyramid scheme of debt, risk and leverage that could cause an economic collapse at any time, and wealthy countries such as the United States have been living way above their means for decades.
Fortunately, I have found that an increasing number of Americans are becoming convinced that we are heading for a horrific economic collapse. Once they come to that realization, they want to know what they should do before the next stock market crash and financial collapse. In addition, it is important to distinguish between the “short-term” and the “long-term” when talking about economic collapse.
As I have written about previously, our economic collapse is not going to happen all at once. It is going to unfold over time. In the “short-term”, many are moving money around and are building up “emergency funds” to prepare for the next major stock market crash and recession. For the “long-term”, many are storing up food and huge stockpiles of survival supplies in order to be prepared for the total collapse of society.
Both approaches are wise, but it is important to keep in mind that different approaches will be needed at different times. Looking back at what happened after the major stock market crash in 1929, I have come to realize that an economic collapse, if it were to happen, would have the compound effect of combining all woes we so diligently prepare for into one huge mess – a mess that may take decades to resolve. In this video I will share 10 lessons along with my own thoughts as they might apply to an economic collapse in 2019 and beyond.
THE CRASH IS COMING – RECESSION – HYPERINFLATION – US DEBT – CENTRAL BANK PROPPING THE MARKET
Surviving The Great Depression
The Most Important Lessons Learned Surviving The Great Depression
The stock market is just a numerical representation of reality. When it crashes, it’s the underlying businesses that make up the stock exchange that struggle to perform.
And once a crash starts, it’s difficult to stop. When fear turns into all out panic people, stop spending, which leads to lower business profits, which pushes stock prices even lower, which then leads to even less spending.
Economic depression is a vicious cycle, where businesses are not selling their inventories because people are not buying.
All businesses will immediately start downsizing their staff of employees to help offset their future drop in revenues.
This downward cycle ushered in the era of The Great Depression.
Unemployment rates skyrocketed. The unemployed masses spent their remaining savings on only the bare essentials (i.e. food, rent) until even those dollars ran out.
After that, many were left with shanty towns and food lines as their only remaining options.
So even if you think your job is secure, are you 100% certain?
Self-Defense Matters In Tough Times
As times got tougher, people got more desperate. People who could not afford to feed themselves or their families forced to more extreme means of providing or risk starvation.
Organized crime took off like a rocket ship. The mobs in New York and California became some of the wealthiest organizations in the country because of their control of the liquor smuggling operations.
Desperate times call for desperate measures surviving The Great Depression. A father or mother with starving children will abandon their morals and steal from others.
You should assume your resources will come under attack. Especially if you’ve stockpiled food, vital supplies, and resources others want. Get prepared to protect what’s yours.
Diversify Your Skill Set
Many of the previous well-off families were forced into lives of extreme poverty. As the cushy jobs vanished and monetary assets tanked, people who had no real useful skills suffered the most.
Previously wealthy parents, watched in horror as their children died of starvation or illnesses they could not afford to fight off.
Mothers and fathers died by sacrificing their own needs for their children. Leaving their children alone, to fend for themselves.
Learn how to provide an essential service to others and trade or barter for it.
Figure out how to secure critical resources and turn those into necessary goods or services. It’s best if you acquire those self-reliant survival skills today. If you wait, it may be too late.
Stretching Your Dollars
In trying times, people make certain compromises. They can no longer afford luxury for luxuries sake. They downgrade to cheaper options while surviving The Great Depression, in an attempt to stretch what little was left.
Learning how to effectively stretch your dollars today can help prepare for you tough times ahead. Eliminating unnecessary food and energy waste. Limiting the number of miles you drive your car. Bottom line: Living an efficient life.
All these ideas will help you keep more of your hard-earned dollars today and make them last longer tomorrow.
Diets and Health Suffered
Obviously, preventative health care was not high on anyone’s priority list, so the general health of the American population, from 1930 to 1933 suffered greatly. No one bothered going to the doctor unless it was a serious emergency.
While I never advocate skipping doctor or dentist visits, you can help keep visit costs low with good personal hygiene.
Keep a well supplied and updated medical kit in your home at all times. Continue regular dental hygiene and eat a balanced diet. These actions will help keep your immune system in good working order.
Plan on stockpiling essential health-related supplies (like survival antibiotics) and then smartly rationing them during hard times.
Self-Reliance Is Key
The biggest hurdle of the Great Depression was a simple one: lives changed drastically – and they changed fast. Americans went from the lavish roaring twenties, where elegance and jazzy splendor perfused the nation, to scrubbing out a meager existence.
Those who survived it were never the same. They stockpiled more. They reused more and shopped for bargains, not luxuries. They fully understood that a trip to the grocery store may be the last for a very long time.
That’s the biggest lesson learned from surviving the Great Depression: Self-Reliance skills are essential to get you through the harsh times. The survival skills that our modern world has since lost.
It’s time we discover them again.
Start by watching the video below.