Simple steps to prepare for and thrive in a declining economy

Brace yourself folks, QE3 is here, and there is no end in sight.  The evil partnership  between the State and the central bankers of the world is rapidly driving more and more individuals into poverty.  The dollar along with many other State sponsored fiat currencies are losing their value at an ever increasing pace.  Those of us here understand that no “plan” or “politician” will stop this.  The free market (if we even have one anymore) has been so mucked up by the State and bankers, that an honest individual can barley maintain their standard of living.  Now some have argued that the inevitable result of all this State/banker interference will be an “apocalyptic collapse”.  I disagree, I see signs of decay and collapse all around us, most are just not willing to accept this.  Whatever the case there are simple steps that you as an individual can take to protect yourself and, perhaps even thrive in this new decline.   

The first and most obvious is to buy precious metals.  Gold, Silver, and Copper are the favored right now, but for many folks gold is just outta their price range.  That leaves silver and copper, I try to buy 1-2 Liberty/Morgan silver dollars a week from a local coin dealer that I have a good relationship with (with cash of course).  These run about $30 right now, if that is too much consider buying “junk silver”.  Junk silver are those (US) pre 1964 quarters, dimes, and half dollars.  I believe nickels only had silver in them from 1943-1945.  The “Silver Dime Cards” are also a great buy.  Copper “rounds” are even cheaper, you can buy them for around $2.  Another tactic is to save all the pre- 1981 pennies you get from everyday transactions, as they have the most copper content.

Next we have ammunition; right now ammunition is still relatively inexpensive, though prices are steadily rising due to market manipulations.  Whenever possible I like to go out and buy at least one box of ammo each paycheck.  I am looking into getting a reloading kit as well.  Gunpowder, primers and lead can be bought cheaply at local gun shows, and if like me, you save all your shells from target practice, you can really save yourself some money.  Ammunition is practical because it can be used to defend your property and to hunt for food.  Ammo will definitely be worth it’s weight in gold.

Okay so all the above mentioned items are a bit pricy for ya, well how about stocking up on foods and everyday household items.  At best these will be invaluable in a coming collapse, and at worse you will beat the rise in prices due to inflation, either way you win.  Canned foods are ok for storage but remember that they are really only good for a max of two years generally speaking and usually high in sodium and other preservatives.  I like to stock up on dry goods like pasta, rice, instant potatoes, pancake mix etc.  Just remember to take into account nutritional content as well as store-ability when planning.  Don’t forget the all important one, a viable source of clean water, or in lew of that a water filtration system.  I purchased a mid level Berky water filter that is gravity operated for under $200.  It’s portable and the filters are good for about 2000 gallons of water.  It doesn’t hurt to have an extra set of filters on hand as well.  Now an overlooked resource that I use is the dollar store.  I buy batteries, lighters, soap, toothpaste/brushes, deodorant, toilet paper, first aid supplies and much more.  Another often overlooked gem is hand tools, you know tools that don’t require electricity to function.  I have found many of these at lawn sales for a fair price.  I also like to have a few extra oil lanterns, wicks, and bottles of oil on hand for emergencies.  Get creative, think of all the items we take for granted now, and consider how much they would be worth in barter/trade situations, or how useful they will be.

The last and arguably most important aspect is “mental preparation”.  This is for sure a tough one, gradually try rolling back some of the unnecessary expenditures and luxuries.  In the event of a bad economic downturn you most likely will have to do without these anyway, so why not start simplifying now?  What happens when the systems and resources we take for granted are no longer available. Learn to garden, build, hunt, fish, can foods, make your own soap/candles; in other words learn the skills that will make you just a bit more self-sufficient.  Get to know your neighbors, bounce these ideas off them, see if they have (and are willing) to offer any help.

Some people tell me I’m foolish for undertaking all these preparations.  They say things like “that will never happen in America”, as if “America” is some mystically protected land.  Apparently these folks haven’t studied economics or history.  Rather than argue with them, I simply comment “hey at least I will stay ahead of inflation”, and leave it at that.  I’m not out to impress anyone, hopefully they see the wisdom in my example, but if they don’t, at least I know that my family will be somewhat prepared for whats to come.  Remember that in tough times you can really only depend on yourself.

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11 Responses to Simple steps to prepare for and thrive in a declining economy

  1. suze

    A few years back a survivalist wanted to rent my place because it has a lot of storage for all this stuff now the bank has a good chance of taking the place. I would be a great buy for a collective situation.heat with wood and has its own wells.

  2. Touche’ These are great ideas as well, I can’t remember everything lol. I actually have some of this stuff in my bug out bag.

  3. TheWoman

    You men. Always thinking with your stomachs!
    Sewing kit is priceless. Towels, sheets, yards of material such as cotton, flannel or denim that are easy to stock and store (and boy wouldn’t you be lost without it). Cotton balls, swabs, vinegar, baking soda, various soaps. First aid supplies (the ones that don’t expire, especially iodine which lasts forever). Gloves, hats, footwear!
    Learn how to sew, knit, cook over an open fire, use a dutch oven.

  4. I would agree with you there Michael, after all you can’t eat gold and silver. I just put that at the top cause that usually the first thing most folks think about. I believe that silver is a much better investment than gold for a number of reasons, it’s cheaper, it’s an industrial metal, and I firmly believe that you will get a much better return on silver in the future. It’s very possible that we will see silver prices hit $200 an oz in the next 2 years. Personally I’m more into the food, ammo, and skill building. One thing I left out that is also a great tool is shortwave radios and CB’s.

  5. MWD

    Great article! Though I wouldn’t put the precious metals first. I forget who said it, but “Before you buy gold, buy the things you’d buy with gold.” Including food and water.

    MWD

  6. John Rainger III

    Great Posting Chandler! Hopefully get some folks Thinking!

  7. Lou

    Saving food and other necessary supplies is like saving for retirement. Are people goofy for having an IRA? Canned goods can last longer than 2 years. So long as the top does not “swell up” they are good to go.

  8. I reload and basically have a micro ammo factory with 2 progressive machines, a single stage, a multi stage shotshell machine, and am setup to load most common cartridges (5.56x45mm, 9x19mm, .380 auto, 7.62x51mm/.308, 7.62x39mm, .375 mag/.38 spl, 30-30, 30-06,12ga & etc.) At this stage in the game It’s pretty costly to get into reloading large volumes (you would have to load thousands of rounds to break even), but it definitely is a good idea to have a basic single stage setup and some components squirreled away for when ammo gets scarce / cost prohibitive. Lee makes a starter kit that will get you going for cheap and if you get into it you can get a progressive machine and will always find uses for that Lee single stage. The key to cost effectiveness is to buy components in bulk. I typically don’t buy less than 8lbs of powder and 1000 primers at a time (usually way more to soften the hasmat shipping fees). Same with bullets and brass the prices typically get better at the 1000 mark and then again at the 3000 mark. Oh even if you don’t reload SAVE YOUR BRASS chances are that somewhere down the line you will find somebody who will take it off your hands in a barter situation.

  9. I have not done myself, however my uncle(s) do and it is relatively simple. Like anything else it depends on the equipment you use and how much you practice. As far as costs go, it depends on the caliber and if you buy your reloading supplies in bulk or not. Generally speaking you can save 35%-45%. Every little bit helps. Plus once you learn the chemistry/mechanics of a particular round you can experiment with different grain/load sizes to produce some cool results.

  10. Have you reloaded your bullet casing’s before? If so, how difficult is it and about how much money do you save?

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