The Factors that Led to the Great Depression of the 1930s Had a Lot in Common with Today’s Economy, but That Depression Was Very Different. The coronavirus or COVID19 has affected all aspects of our lives and most notably has affected the stock market. While the stock market is not always an indicator of overall … [Read more...]
What The Next Great Depression Will Look Like
The “what if” game is certainly more fun to play if you think you could survive a shock to the global system. What would happen during an asteroid strike or a zombie apocalypse? While those scenarios are highly unlikely, something that isn't unlike is a second Great Depression. Life has changed so much over the … [Read more...]
10 Things To Do Before The ‘Everything Bubble’ Pops
First, there was the dot-com bubble, crash, and recession. Then, there was the housing bubble, crash, and Great Recession. Now, there's a new bubble that many people are calling the 'everything bubble.' Just how bad will the crash from this one be? And will it result in a mere recession, or will it be the next Great … [Read more...]
10 Things You Must Do Before The Dollar Collapses
A hallmark of economic catastrophe for a country is the collapse in the value of its currency, otherwise known as ‘hyperinflation’. Cases of hyperinflation abound throughout history, with two of the most famous happening in Weimar Germany in the 1920s and, more recently, Venezuela after the oil price collapse in … [Read more...]
9 Things To Do Before The Economy Collapses
If you're a long-time reader of this site, you may already know that the event that turned me into a prepper was the 2008 financial crisis. It made me realize that the system we all depend on is far more fragile than I ever imagined. What's worse, the fundamental problems that led to the Great Recession were never … [Read more...]
13 Things to Do Before the Economy Collapses
A few weeks ago, I shared an article on Facebook about the potential for an economic collapse in the near future, and someone left a comment saying, “Why do I keep hearing this warning over and over and over for years, and yet nothing ever happens?” Good question. When people keep saying that the sky is falling and it … [Read more...]
7 Ways to Prepare for a Financial Crisis
The Great Recession officially ended in June of 2009--over 8 years ago--and since the United States has never gone over 10 years without a recession, something tells me hard times are just around the corner. If you're not prepared for a financial crisis, it's time to get started. And even if there's never another … [Read more...]
8 Things To Do NOW Before The Economy Crashes Again
The stock market has seen nearly perpetual success over the last eight years. The country is also carrying 20 trillion dollars in debt that will expand exponentially in the coming years. Worse than that, many Americans are so woefully unprepared for an economic downturn that if we see something like a derivatives … [Read more...]
10 Lessons From Venezuela’s Economic Collapse
Do you remember the days when a vacation to Venezuela was one of the best prizes you could win on The Price Is Right? If so, you may be surprised that such a thriving nation could be brought to its knees almost overnight. Sadly, if the wrong combination of events line up, even the greatest nation on Earth can be … [Read more...]
17 Best Jobs To Have When The Economy Collapses
An economic collapse, like the one many of us remember in 2008, can have a devastating ripple effect across the entire world. When things start to slow down, people have to tighten their purse strings. And when that happens, businesses struggle and start laying off workers. That results in even tighter purse strings, … [Read more...]
Precious Metals in an Urban Survival Scenario
We can all imagine a chaotic, unstable, "Mad Max" scenario if indeed the shit hits the fan. That's what we're all preparing ourselves for, right? It makes a hell of a lot more sense to be ready in case something like that happens than to sit idly by and dismiss the possibility. You have nothing to lose by preparing, … [Read more...]
What Will You Eat After The Economy Collapses?
My wife was living on the coast of Mississippi when hurricane Katrina struck. I'll get into the details of her experience in another post, but for now I want to talk about what they ate in the days after the hurricane passed. They were without power for two weeks, but fortunately her father had a generator so they were … [Read more...]
