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9 Things To Do Before The Economy Collapses

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9 Things To Do Before The Economy CollapsesIf 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 really solved. Wall Street has managed to kick the can down the road, but they are rapidly running out of road.

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Case in point, the historical 2017 tax cuts should have made the stock market skyrocket. Instead, it has flatlined. This means that without the tax cuts, it would have crashed already. And they can’t just keep passing more tax cuts because they are already creating a fiscal crisis with the U.S. debt exploding.

All this is to say that an economic collapse is inevitable. To prepare for it, why not learn from someone who has been through one himself?

Fernando Aguirre, a.k.a. The Modern Survivalist, actually lived through the economic collapse of Argentina, and he made a list of 9 things to do before the economy crashes.

Here’s his list:

  1. Buy a handgun and learn how to use it.
  2. Start carrying the essential preparedness gear on a daily basis.
  3. Stock up on food and water.
  4. Get in shape and start working out three times a week.
  5. Put together a home survival/emergency kit.
  6. Have a “cash stash” and put some of your savings into gold and silver.
  7. Review your expenses and monthly budget. Start with additional financial plans.
  8. Reinforce your family and friends relationship.
  9. Improve your home and personal security.

Be sure to watch the video below for his commentary on these items. He offers a ton of great advice that you’ll definitely want to hear before the U.S. becomes the next Argentina.

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8 Comments

  1. Linda PV on August 8, 2020 at 1:56 am

    The guy in that video that says he’s from Argentina….sounds like a Russian or Ukrainian ESL speaker. Nothing wrong with that, many Eastern Europeans fled to Argentina after the fall of the USSR. Disclosure is always nice. I have a personal friend from Argentina and know what the Castilian lisp sounds like speaking English. Not bad info otherwise, though. Thanks for that!

  2. Elbert Jones on January 8, 2020 at 8:13 pm

    One of the best things you can do is get to know your neighbors( NO MATTER WHAT RACE ;NATIONALITY,OR RELIGION THEY ARE).
    You should also seriously consider voting for the DEMOCRATIC Nominee in the 2020 Presidential election(Especially if the G.O.P. ‘s nominee’s the guy who’s President now).

    • Jeff on May 18, 2020 at 10:29 am

      After everything the democrats have done to the United States of America over the years, I am surprised you could say this without hurraling your lunch…. You need to consider dropping your membership to this web site. A person who thinks this way wants to be taken care of by the government, not be prepared for an emergency on their own. President Trump has revived this nation and I am looking forward to another 4 years.

    • Mensa Graham on May 18, 2020 at 1:47 pm

      Brain dead Biden? You are being sarcastic, right?

    • Jim on August 7, 2020 at 12:57 pm

      I agree with you, nice to see another person who is rational on this type of site. I am happy to see a comment from someone who obviously doesn’t dwell in the right wing bubble of misinformation.

  3. Ben on September 18, 2018 at 9:04 pm

    a handgun is a good idea but do not forget a good battle rifle and shotgun. I would get the rifle 1st as that is something that the government will go after very quickly. By battle rifle I mean an AR15 type if you are willing to live with 5.56 but I would go for 7.62 such as an M1A or any of the HK or FN series rifles. as for a shotgun Rem. 870 an older one with the steel trigger group and add the GOOD quality magazine extension.

  4. Tony Tucker on September 14, 2018 at 10:54 am

    One critical thing you forgot was communications. More than likely cell phones will be out of commission at some point. The internet may be shut down to stifle insurrection. Buy yourself a couple of good HAM radios, get licensed to operate on HF because local repeaters will probably be down as well. Without reliable communication you are as good as dead. They only run on 12 volts, so power will not be much of a problem. You will need to know what’s going on out there.

    • Alan on September 15, 2018 at 5:38 am

      Good point, that could definitely be #10.

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