SIX STEP GUIDE TO PREPARING FOR ECONOMIC COLLAPSE

Sunday, May 29, 2016
By Paul Martin

Allselfsustained.com
May 29, 2016

Being prepared for economic collapse means understanding what can happen in financial failure and understanding how that will affect you. Everything we have come to rely on in America revolves around a working economy. What happens when that economy is no longer working?

How to Prepare for Economic Collapse

1) Financial preparations

The first rule for financial preparations is getting out of debt. The further you are in debt, the more you are beholden to the current economy. Paying off a home mortgage is a good idea. However, paying off all the other debts is critical. There is no reason to have a car loan and large outstanding amounts on credit cards.

You need to establish a savings plan for your own needs to prevent personal collapse. Being prepared for a financial emergency will keep you out of debt in the event of a medical problem or job loss.

You should have an emergency cash supply on hand. Even when a country’s dollar is devalued, it does have worth and you will want to have some cash on hand. If you are worried about the demise of the dollar, you should put a portion of your savings into gold or silver, (I recommend you to visit SQ Metals) or other hard assets including land. An easy way to get started is to put 25% of your savings into silver.

2) Always be prepared

Prepare yourself for economic collapse the same way you would prepare yourself for a major storm or earthquake, and take it a few steps further. You need to have food and water on hand and more than just a few days worth. You need to have personal hygiene supplies and the ability to purify your own water. You can choose to purchase purification tablets or have what you need to boil and filter your water.

You need to have medical supplies on hand for first aid. Batteries, matches and candles are a must to store as well. Consider investing in a crank powered radio that does not require batteries. Some of these models also provide a source of light. Yes, you should consider having a gun and a good supply of ammunition. Guns are not just for self-defense, if you learn to hunt, you will have your own food supply.

3) Learn about alternatives

The Rest…HERE

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