I usually don’t do follow-up pieces to any of my posts. But my recent longish piece, describing how hyperinflation might happen in the United States, clearly struck a nerve.

It was a long, boring, snowy piece of macro-economic policy speculation, discussing Treasury yields, Federal Reserve Board monetary reaction, and the difference between inflation and hyperinflation – but considering the traffic it generated, I might as well been discussing relative breast size in the porn industry. With pictures.

Essentially, I argued that Treasury bonds are the New and Improved Toxic Assets. I argued that, if there was a run on Treasuries, the Federal Reserve – in its anti-deflationary zeal, and its efforts to prop up bond market prices – would over-react, and set off a run on commodities. This, I argued, would trigger hyperinflation.

The Rest…HERE

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Everyone on earth knows how fragile the economy is. It has pushed first-world countries to the brink of revolution. The pushing can’t withstand much more before the pillars of civilization begin to fall. And once they begin falling, there may be no stopping them from collapsing society altogether. Unfortunately, the signs of further economic erosion are disturbingly obvious to the onlookers, and the remaining pillars are hanging on by a thread.

What’s more, the controllers are orchestrating the collapse of the American economy and society right now, albeit in slow motion, but it is already crumbling. The economy and the environment have surpassed their critical tipping points, where dollars will inevitably be worthless and resources will be out-of-reach expensive for most of humanity. We are likely to see astronomically-high gas prices ultimately causing food and medicine to be quickly wiped out of the box stores — first by nesters, then by desperate looters. One only has to witness the panic buying before predicted snow storms to imagine what a sustained blizzard would do. It’s well past the 11th hour and survival and real solutions must rule the day.

The Rest…HERE

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Most Americans are still operating under the delusion that this “recession” will end and that the “good times” will return soon, but a growing minority of Americans are starting to realize that things are fundamentally changing and that they better start preparing for what is ahead. These “preppers” come from all over the political spectrum and from every age group. More than at any other time in modern history, the American people lack faith in the U.S. economic system. In dozens of previous columns, I have detailed the horrific economic problems that we are now facing in excruciating detail. Many readers have started to complain that all I do is “scare” people and that I don’t provide any practical solutions. Well, not everyone can move to Montana and start a llama farm, but hopefully this article will give people some practical steps that they can take to insulate themselves (at least to an extent) from the coming economic collapse.

But before I get into what people need to do, let’s take a minute to understand just how bad things are getting out there. The economic numbers in the headlines go up and down and it can all be very confusing to most Americans.

However, there are two long-term trends that are very clear and that anyone can understand….

#1) The United States is getting poorer and is bleeding jobs every single month.

#2) The United States is getting into more debt every single month.

When you mention the trade deficit, most Americans roll their eyes and stop listening. But that is a huge mistake, because the trade deficit is absolutely central to our problems.

Every single month, Americans buy far, far more from the rest of the world than they buy from us. Every single month tens of billions of dollars more goes out of the country than comes into it.

That means that every single month the United States is getting poorer.

The excess goods and services that we buy from the rest of the world get “consumed” and the rest of the world ends up with more money than when they started.

Each year, hundreds of billions of dollars leave the United States and don’t return. The transfer of wealth that this represents is astounding.

But not only are we bleeding wealth, we are also bleeding jobs every single month.

The millions of jobs that the U.S. economy is losing to China, India and dozens of third world nations are not going to come back. Middle class Americans have been placed in direct competition for jobs with workers on the other side of the world who are more than happy to work for little more than slave labor wages. Until this changes the U.S. economy is going to continue to hemorrhage jobs.

The U.S. government has helped to mask much of this economic bleeding by unprecedented amounts of government spending and debt, but now the U.S. national debt exceeds 13 trillion dollars and is getting worse every single month. Not only that, but state and local governments all over America are getting into ridiculous amounts of debt.

So, what we have got is a country that gets poorer every single month and loses jobs to other countries every single month and that has accumulated the biggest mountain of debt in the history of the world which also gets worse every single month.

Needless to say, this cannot last indefinitely. Eventually the whole thing is just going to collapse like a house of cards.

So what can we each individually do to somewhat insulate ourselves from the economic problems that are coming?….

1 – Get Out Of Debt: The old saying, “the borrower is the servant of the lender”, is so incredibly true. The key to insulating yourself from an economic meltdown is to become as independent as possible, and as long as you are in debt, you simply are not independent. You don’t want a horde of creditors chasing after you when things really start to get bad out there.

2 – Find New Sources Of Income: In 2010, there simply is not such a thing as job security. If you are dependent on a job (“just over broke”) for 100% of your income, you are in a very bad position. There are thousands of different ways to make extra money. What you don’t want to do is to have all of your eggs in one basket. One day when the economy melts down and you are out of a job are you going to be destitute or are you going to be okay?

3 – Reduce Your Expenses: Many Americans have left the rat race and have found ways to live on half or even on a quarter of what they were making previously. It is possible – if you are willing to reduce your expenses. In the future times are going to be tougher, so learn to start living with less today.

4 – Learn To Grow Your Own Food: Today the vast majority of Americans are completely dependent on being able to run down to the supermarket or to the local Wal-Mart to buy food. But what happens when the U.S. dollar declines dramatically in value and it costs ten bucks to buy a loaf of bread? If you learn to grow your own food (even if is just a small garden) you will be insulating yourself against rising food prices.

5 – Make Sure You Have A Reliable Water Supply: Water shortages are popping up all over the globe. Water is quickly becoming one of the “hottest” commodities out there. Even in the United States, water shortages have been making headline news recently. As we move into the future, it will be imperative for you and your family to have a reliable source of water. Some Americans have learned to collect rainwater and many others are using advanced technology such as atmospheric water generators to provide water for their families. But whatever you do, make sure that you are not caught without a decent source of water in the years ahead.

6 – Buy Land: This is a tough one, because prices are still quite high. However, as we have written previously, home prices are going to be declining over the coming months, and eventually there are going to be some really great deals out there. The truth is that you don’t want to wait too long either, because once Helicopter Ben Bernanke’s inflationary policies totally tank the value of the U.S. dollar, the price of everything (including land) is going to go sky high. If you are able to buy land when prices are low, that is going to insulate you a great deal from the rising housing costs that will occur when the U.S dollar does totally go into the tank.

7 – Get Off The Grid: An increasing number of Americans are going “off the grid”. Essentially what that means is that they are attempting to operate independently of the utility companies. In particular, going “off the grid” will enable you to insulate yourself from the rapidly rising energy prices that we are going to see in the future. If you are able to produce energy for your own home, you won’t be freaking out like your neighbors are when electricity prices triple someday.

8 – Store Non-Perishable Supplies: Non-perishable supplies are one investment that is sure to go up in value. Not that you would resell them. You store up non-perishable supplies because you are going to need them someday. So why not stock up on the things that you are going to need now before they double or triple in price in the future? Your money is not ever going to stretch any farther than it does right now.

9 – Develop Stronger Relationships: Americans have become very insular creatures. We act like we don’t need anyone or anything. But the truth is that as the economy melts down we are going to need each other. It is those that are developing strong relationships with family and friends right now that will be able to depend on them when times get hard.

10 – Get Educated And Stay Flexible: When times are stable, it is not that important to be informed because things pretty much stay the same. However, when things are rapidly changing it is imperative to get educated and to stay informed so that you will know what to do. The times ahead are going to require us all to be very flexible, and it is those who are willing to adapt that will do the best when things get tough.

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by Thomas Luongo
LewRockwell.com

I have memories of being aware that the society we were living within was unsustainable that I place between 9 and 11 years old. They may be earlier than that, but we studied Rome in either 5th or 6th grade so that seems a reasonable assumption. I grew up during the last depression of the 1970’s in safe, suburban New York. Dad was NYPD, mom was a nurse at a local psychiatric hospital and I was the youngest of four in a house full of type-A, lower-middle class pragmatics of Italian descent. The memories of note revolve around holidays; driving into “The City” to visit the Luongo family demesne in Brooklyn where my grandparents (who died nearly a generation before I was born) raised 11 children, my mother’s parents in Little Neck and seemingly everyone else in between. These trips, with the soundtrack of my parents discussing the financial woes of a bankrupt NYC, opened my eyes to the enormity of the problems facing my generation and beyond.

The West Side Highway fell down in 1976, never to be rebuilt. I distinctly remember the left lane of the East River Drive being closed as the sea wall was being reclaimed by the river. The city was broke, there was the Blackout, Son of Sam, the NYPD forking over some of their pensions to fund City operations and the infrastructure was failing. Wages were stagnant but price inflation was rampant. To a naïve 10-year-old (who was very good at math) I kept thinking to myself, “If they can’t pay for these things now, how am I going to pay for them later?” I grew up with a real fear of bridges and over-passes, expecting them to fail at any moment. I would have silent panic attacks whenever we crossed the Tappan Zee Bridge. This fear of bridges persists, but I’m much better at controlling it, mostly by avoidance.

The Rest…HERE

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By Olivia Koski
Wired.com
July 22, 2010

If, by some chance, you end up surviving the nuclear apocalypse, don’t count on the U.S. military to be around to help you rebuild. Or don’t expect all its fancy electronics and communications equipment to work, at least.

That’s the strongly worded, rather ominous assessment from a joint Defense Science Board/ Threat Reduction Advisory Committee Task Force, which warns in a recent report that the military needs to wake up to its vulnerability to nuclear attack.

“Actions — both by others and of our own doing — are combining to create potentially tragic consequences on military operations involving the effects of nuclear weapons on the survivability of critical [military] systems,” notes the report, spotted by InsideDefense.com.

Since the U.S. stopped squaring off against the USSR, American military leaders haven’t been taking nuclear threats that seriously, the report implies. (Do they know something we don’t?)

The Rest…HERE

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Home secretary dismisses as speculative study’s worst-case scenario of 40% cuts being imposed across public sector.

Haroon Siddique
Guardian.co.uk

Up to 60,000 police officer jobs could be lost in the next five years as the government seeks to eliminate the national debt, according to research published today.

The figure is the worst-case scenario in a range of possible outcomes examined by Jane’s Police Review magazine after the Treasury told government departments to prepare for cuts of up to 40%.

If the police suffer average cuts, predicted to be around 25%, that will lead to the loss of between 11,500 and 17,000 jobs by 2015, said Dr Tim Brain, who recently retired as chief constable of Gloucestershire and Association of Chief Police Officers lead on finance.

Brain, an honorary senior research fellow at Cardiff University, prepared the figures based on “clues” and projections by the Institute of Fiscal Studies (IFS).

No official national spending figures are available for 2010-11 so far. But before the general election the IFS predicted that public spending as a proportion of GDP would fall to the same level as in 2003-04.

If police funding was similarly reduced, the equivalent of 30,000 full-time posts would be lost by 2015, Brain said.

Based on IFS analysis after George Osborne’s budget, which projected a return of public spending to levels last seen in 1997-98, the equivalent of 60,000 full-time equivalent posts would be lost, he said, although those figures were described as “speculative” by the home secretary, Theresa May.

“Obviously, we don’t yet know, and nor will we know for certain until the results of the spending reviews in the autumn, but in the meantime there are some clues,” said Brain.

“First, the police service is not on the protected list. Second, the new home secretary, Theresa May, has warned that the police can expect to face its fair share of cuts, and third, there has specifically been no guarantee to maintain personnel numbers but it would appear we are looking at job losses in the police forces of 11,500-17,000 if the police are to suffer the government’s average cuts. This will mean fewer personnel for patrol, response and investigation duties.”

Brain said he expects the bulk of cuts in personnel would come through police officers who leave the service not being replaced as well as through redundancies among civilian staff.

But he told BBC Radio 4′s Today programme: “They are absolutely essential to the efficient running of the operational service. They are pretty much part of the frontline.”

Ben Priestley, Unison’s national officer for police staff, warned cuts of the magnitude described by Brain could undermine recent falls in crime and that a removal of civilian police staff would increase paperwork for frontline officers.

“Cuts to police budgets and a fall in workforce will cause huge damage to this record and we are likely to see crime rates soar,” he said.

Giving evidence to the Commons home affairs committee, May said that the scale of the cuts to the Home Office budget had yet to be agreed with the Treasury.

“These figures are at the moment entirely speculative,” she said. “I don’t think it is helpful to speculate or comment on that speculation.” May insisted that “there are savings that can be made that will not affect frontline services.”

But pressed by Labour MP David Winnick on whether she expected to see police numbers fall over the next four years, she said: “I am not going to give you a yes or no answer.”

The policing minister, Nick Herbert, reiterated the government’s desire to “protect the frontline”, but said: “We can’t guarantee the numbers.”

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By Max Abelson
NewYorkObserver.com

“Life is such a fucking disaster,” a prominent New York hedge fund manager said recently. “We all live in some kind of world we create for ourselves. And I think that what happened is that built into that world were very enlarged expectations about what life was going to be. There’s been this sensation of excessive expectation that, frankly, became unsustainable.”

He had just returned from his ranch in the wilderness of central Idaho. “I just like it because it’s massively low human density. It would be a place you could hole up in. But, gosh, I hope that doesn’t happen.”

Last week, not very far from the hedge fund manager’s ranch, the billionaire John Malone gave a little-noticed interview to The Wall Street Journal from Allen & Co.’s annual Sun Valley conference. Asked about the biggest risks to Liberty, his media conglomerate, Mr. Malone said his concern was this country’s survival. “We have a retreat that’s right on the Quebec border. We own 18 miles on the border, so we can cross. Anytime we want to, we can get away.”

His wife is more concerned: She’s already moved her personal cash to Australia and Canada. “She wants to have a place to go,” said Mr. Malone, No. 400 on this year’s Forbes list of the richest people in the world, “if things blow up here.”

Before the financial crisis, furious pessimism about the national economy started with a small and mostly scholarly group of doomsayers, like N.Y.U.’s Nouriel Roubini and Yale’s Robert Shiller. But that pessimism has now gone mainstream, spreading from wonks in finance to the city’s daily conversation as last year’s rebound drifts further away. Growth is slow; unemployment is enormous; the world feels sludgy. It won’t help if banks post withered profits later this week, as they’re expected to.

The Rest…HERE

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By BRUCE WATSON
DailyFinance.com

Predictions of the end of civilization are nothing new, but the direst prognosticators have, traditionally, existed on the fringes of society, where their dark visions can be comfortably attributed to an excess of libertarianism or a shortage of Prozac.

In the last few years, however, something strange has happened. While there is no lack of survivalists stockpiling cat food and rifles, some of the direst thinkers are now working on Wall Street, where a combination of fear and foresight has many of the country’s money men contemplating their escape routes.

Patron Saint of Dire Predictions

The patron saint of the Wall Street apocalypse society may be Barton Biggs. The leader of Traxis Partners, a multibillion-dollar hedge fund, Biggs has gained a reputation for his dire predictions, particularly those of his much-quoted 2008 analysis of World War II, Wealth, War and Wisdom. At the end of the book, Biggs offers his conclusions from his brief study of history, suggesting the likelihood of a future era in which “People with wealth” will face “another time of cholera when the Four Horsemen will ride again and the barbarians unexpectedly will be at their gate.”

Biggs offers some interesting advice for hedging the apocalypse. In addition to prescribing a highly diversified portfolio heavily invested in equity instruments, Biggs also advises that his readers buy farms to which they can retreat when the hammer drops. The hedgie touts the joys of the natural life, noting that “landowners seem to find considerable psychic satisfaction just from the knowledge of possession. There are few things as fulfilling as having drink [sic] in the sunset and looking at your fields and cows.”

This bucolic perspective seems to owe more to Little House on the Prairie than to any actual experience on Biggs’s part. Although the author briefly worked as a schoolteacher and a semiprofessional soccer player, his New York-Yale-Wall Street career track doesn’t seem to have left much time for tilling fields and milking cows.

Stock Essentials Like Food, Medicine, Wine…

The Rest…HERE

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Thoughts from U.S. Daily Reckoning Readers…

Were I without family ties, I might consider expatriating to one of the quiet, out-of-the-way towns in Central- or South America that I drove my VW bus through in 1977-1978. Spending a year and a half living life at a slower pace and speaking in a second language was world view- opening for this California born American. Through it all, I met many wonderful, amazingly generous people. Unfortunately, I also saw a lot of grinding poverty and misery. I finally lost count of how many times I stared into the barrel of a loaded submachine gun held by an edgy 19 year-old soldier at some border crossing or roadblock.

My experience was life-changing, and made me appreciate the blessings of life in the United States – such as they were then. Thirty years later, I am not sure what I would feel coming home from such an adventure. I am saddened that governments at all levels have completely lost self-control. I am distressed that corporations now find it more profitable to pay off politicians for special subsidies and protections than to compete. I am depressed that Americans now walk away from commitments and belly up to the entitlement bar without any compunctions. We have spent the last forty years eating our seed corn and frittering away our wealth on trifles.

I am having great difficulty facing my young adult children with the news that their lives will be harder than mine has been…that college might have been a waste of time and money…that funding my granddaughter’s college savings fund may be an exercise in futility…that saving and deferred gratification were cruel jokes that a manipulated stock market, zero interest rates, and future inflation will render worthless.

My family is here, so I’m resigned to remaining here to see whatever fate delivers. I feel strongly that we’re close to the tipping point, after which collapse is inevitable. While a real, final dot.gov crash will make for very hard times, in the end it may be the only way to break the fever that is killing the country. Perhaps then we can dust off the Constitution and rebuild.

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I enjoyed reading the “The Persistent Myth of American Economic Dominance” as I enjoy reading many of the articles on dailyreckoning.com. Anyway, it was asked, in this article, for us to share our stories with you on “Getting out of Dodge.”

I went down to Chile in 2008 with the idea of just vacationing and learning Spanish. I found to my surprise that Chile is a great country and an economic power in its own way. It has low government debt, etc. Anyway, I found a job with a tech company making about 15% less than I was making in the US, but my money went so much further. I was able to buy a 2-bedroom 2-bath condo with all the amenities and 24/7 security for about $120,000 US dollars. There was also no income tax. Basically you just pay a 19% sales tax on everything. It was just so simple to live there. The government left you alone and expected you to work for what you got. They also have a privatized retirement plan where you pay 12.5% of your check to a company who manages your stock portfolio for you. Then you pay 7% for your private medical care comparable to US health care. It was nice to never have to fill out any tax forms and to keep roughly 80% of my paycheck every pay period.

My wife and I came back to the US after a few years there to give my wife, who is Chilean, the experience of living in the US. I think what I learned from my experience in Chile is there are lots of other countries who understand much better the importance of freedom and keeping government intrusion to a minimum if you want a healthy economy.

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My wife and I recently expatriated. We are fortunate that although we were both born in the USA, due to accidents of birth, we hold passports of EU countries allowing us to live and work in the EU freely. Getting a foreign citizenship (and passport) is essential prior to expatriation; this is totally legal in the USA and you do not have to forfeit your US citizenship as a consequence. However, very few will be able to get a foreign passport so easily. The hard way is to live in a new host country for a long period of time and apply for citizenship. Some countries are rumored to sell passports, but this smacks of fraud and I’d be very suspicious of the utility of such a passport if push came to shove.

A better way is if your parents or grandparents were foreign born, to check out whether this could entitle you to a grant of citizenship. Germany for one, grants automatic citizenship to children of German nationals born abroad (until recently this only applied to German fathers, not mothers); this is the best way possible since your foreign citizenship is not something you have to apply for – you already have it and perhaps are just not aware of it. Ireland grants citizenship to grandchildren of Irish nationals regardless of where born, but genealogical proof is required. Expect these rights and programs to become more limited or even to vanish over the coming years, so your readers should investigate the opportunities as soon as possible and avail themselves quickly; there is no downside to having a foreign passport ‘at the ready’, and it makes international travel much easier even if you do not expatriate.

We thought long and hard about giving up our citizenships, but in the end we could fathom no logical reason for hanging on, other than blind inertia. As your article points out, the US government has made it very difficult on expatriates in many ways and it’s hard to justify blind loyalty when your own country treats you like a criminal.

The act of expatriation is disarmingly simple and quick, but best handled by an attorney in a foreign country who specialized in this. You have to be living overseas to do this, and you have to have a foreign passport otherwise you would become stateless, and as a result the embassy people won’t let you renounce your US citizenship.

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If there were a poll on the issue I think eighty percent of Americans would want to stay put, while twenty percent would pack for an offshore destination.

I don’t think the issue is as clear-cut as staying in the US or leaving it. Staying or leaving is a shadow issue cut in half. Half the problem is that too many of those who would stay – regardless of how unlivable the US becomes – are confessing apathy and resignation to the rapacity of a government that considers itself too big to fail. The other half of the problem is that those who would choose to leave the US would be confessing to surrender of all hope for the US.

The only ones who seem to know where they want America to go are the Progressives, the Socialists, the statists, and the one-world control freaks, who, if floated head to toe, would form a gooey bridge from Brussels through Ivy League campuses to the White House and Congress.

The real issue is for Americans to realize that America has been hijacked by the most cynical and diabolical crowd ever assembled in Washington, DC. After that realization dawns, we must re-dream America. We must not settle for pretenders representing us in our nation’s top offices. We must re-claim, renew, and reorient America. That’s the issue.

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I would leave next week if I could liquidate my rental portfolio and personal residence that fast.

I’m fed up!

I think it will get much worse. If I don’t leave soon, they may not let anyone out of the country at all.

It’s sad because I just found the perfect place to live in the US.

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I can only share a perspective of a small business owner. We are a manufacturing company with approximately 25 full time and 8 part time employees. We have been in business 26 years and my sons represent the third generation. I do not expect business to be easy and we don’t mind working hard. But I don’t understand this feeling that I get from the current administration that we are the enemy. I would repent if someone would tell me what I have done wrong. Hugh Smith Of Two Minds recently quipped that one would have to be insane or a masochist to hire an employee in America. I wonder how long we can remain insane enough to keep this up.

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A few years ago I lost my job of 31 years at a mid-size bank, and, to carry me over to retirement, I took a job as a store cashier. It was my trip to the real world. I live and work in Cleveland and the clientele flowing through our store daily is enough to give one pause. A large number of customers are on the food stamp card. Or, as I prefer to call it, the Junk Food Card. The big game is for two people to live together – one with some income and the other drawing unemployment or welfare (or even both drawing welfare). It is very common for food card purchases to consist entirely of pop, candy, ice cream, etc. Then out comes the big wad of cash for the beer and cigarettes. With most of these people it seems very likely that they have no inclination to work at all, and gaming the system is how they wish to live.

Then there are the folks drawing disability. Most of them look quite healthy enough to be working – maybe not at a job they had been doing previously, but still capable of gainful employment. Many of our other customers are older people on fixed incomes. People who are working steady jobs are in the minority.

The problem here is obviously that the failure to maintain entitlement programs – which truly cannot continue to be funded given today’s local, state, and federal government deficits – will almost certainly result in anarchy. The thought of where Cleveland will be in a few years is absolutely frightening. Making things worse, the intelligencia has all fled the city, leaving opportunists to run the government. Every week the news reports are highlighting another local politician that is under investigation for fraud in office.

I don’t think I’ll be moving to a foreign country, but I’ll definitely be selling my house in Cleveland and moving to some small town somewhere that has all the amenities I require – with more favorable demographics. And I can understand that moving to a foreign country could be an even better alternative in the long run. So, basically, I’m all for “getting out of Dodge”!

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I left the mortgage industry in 2003 and started a stone masonry business. My clientele are wealthy and still spending money. They are moving further out into the countryside and a few are building hardened shelters under their homes as well as installing generators with over capacity propane storage, chickens, gardens, trout ponds, orchards, and enough land to isolate and hide the operation from passersby. A one to one and a half hour ride to town is not out of the norm. They are not all retirees.

My employees, friends and family are involved part time (full time, 2nd shift) in food production. We pasture raise broiler hens, beef, pigs, and vegetables. Canning and dehydrating is back in vogue. We are preparing for the worst hoping for the best, raising children, and trying our best to stay in God’s grace.

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In An Emergency, Could You Survive?

This column was initially released last December. Without a doubt, this has been one of my most requested columns. So, in response to the large number of readers who have asked me to re-release this column, I do so today. And in doing so, I have added some new material to the original column.

One does not have to be a prophet to know that we are on the precipice of some potentially catastrophic–or at the very least, challenging–days. In fact, most of us are already in challenging days, and some are already enduring catastrophic events. That is, if one would call being out of work, losing one’s home, facing life-threatening medical conditions without any prospect of medical insurance, several families being forced to live in one house due to homes being foreclosed, etc., catastrophic.

The potential for an escalation of cataclysmic events, however, is very real. Only a “blooming idiot” would call someone who attempts to prepare for “the day of adversity” a Chicken Little now. Anyone who does not see the storm clouds on the horizon isn’t paying attention.

For example, can one imagine what would happen if terrorists nuked a major American city or cities? (Once again, I encourage readers to go get the videos of the CBS TV series “Jericho” to get an idea of how quickly life, and even civilization, could change.) Imagine if there was another 9/11-type event. What would happen if some form of Zimbabwe-style inflation hit the US? What would happen if anything disrupted the distribution of Welfare checks, or food to local grocers? Imagine a Hurricane Katrina-style natural disaster in your town. I think people everywhere are beginning to awaken to just how vulnerable we all really are.

As a result, people from virtually every walk of life have recently been asking my thoughts on how they should prepare. Therefore, I will attempt to share with my readers some of the counsel I have given these folks.

First, a disclaimer. I am not an economist; I am not a survival expert; I am not a firearms expert; I am not an attorney; I am not a physician. In fact, I am not an expert in anything! For several years, however, I have tried to learn from others. I am an avid reader. My work has allowed me to travel extensively. I have had the privilege of sitting at the feet of–and learning from–many of America’s most learned, most trained, and most qualified “experts” in a variety of fields. What I write today, I have learned from others. I’ve formed my own opinions and priorities, of course, but everything I’m sharing has been said, or written about, before. But if I can share something in today’s column that will help someone be better prepared for the days to come, then my goal will have been achieved.

Location:

First, analyze your living conditions. Where do you live? Do you live in an urban or rural environment? Is it a big city or small town? Do you live in an apartment or condominium? How close are your neighbors? Do you even know your neighbors? Would you trust them if the electricity was off and they were hungry? Could you grow your own food, if you had to? How easily could you secure your home? If you live in a cold weather environment, how long could you stay warm without electricity? These are the kinds of questions you need to ask yourself now.

The Rest…HERE

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