89 Tips That Will Help You Prepare For The Coming Economic Depression

Wednesday, January 14, 2015
By Paul Martin

By Michael Snyder
ZeroHedge.com
January 13th, 2015

What do we need to do in order to prepare for the coming economic collapse? Are there practical steps that we can take right now that will help us and our families survive the economic depression that is approaching? As the publisher of The Economic Collapse Blog, I get asked these kinds of questions a lot. Once people become convinced that an economic collapse is coming, they want to know what they should do. And so in this article I am going to share some key pieces of advice from some of the top experts in the entire country. If you are not convinced that economic disaster is on the way, this article might not be for you. Instead, I would encourage you to go to my website where you will find more than 1,200 articles that set out the case for the coming economic collapse in excruciating detail. For those of you that are interested in getting prepared, I apologize in advance for the outline format of this article. To examine each of these points in detail would take an entire book. In fact, I am the co-author of a book that will soon be published that discusses many of these things in great depth. But you don’t have to wait for a book to get prepared. Mostly, it comes down to common sense. In this article, I share 89 common sense tips that will help you get prepared for the coming economic depression. Hopefully a lot of people will find these to be very helpful.

This first set of tips are 11 things that I strongly encourage my readers to do…

#1 Have An Emergency Fund – This is so important that I wrote an entire article about this recently.

#2 Don’t Put All Of Your Eggs Into One Basket – In addition to having an emergency fund, you will also want to have gold, silver and other hard assets. It is also a very good idea to keep a limited amount of cash at home in case you can’t access an ATM during a major emergency of some sort.

#3 Reduce Your Expenses And Get Out Of Debt – During a time of crisis you want to be as “lean and mean” as possible. If you simplify your life and reduce your debt load now, you will be in much better shape when the next economic depression does arrive.

#4 Move Your Money Away From Unsafe Investments – When the financial world falls apart, you don’t want your finances to be exposed. Markets tend to go down much faster than they go up, and during the next great financial crisis millions of Americans that have their life savings in stocks and bonds are going to get totally wiped out.

#5 Store Food And Supplies – Your dollars will never stretch farther than they do right now. You probably will not need emergency food and supplies in the short-term, but the truth is that none of us ever knows when a major emergency will strike. During 2014, my wife and I felt more of an urgency to stock up then ever before, and I hope that people are using this brief period of relative stability to do what they can to get prepared.

The Rest…HERE

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