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

by Michael Snyder, The Economic Collapse Blog:

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.

#6 Learn To Grow Your Own Food – Anything that you can do to become more independent of the system is a good thing.  This includes growing your own food.  And the truth is that some of the most expensive items in the grocery store these days are fresh fruits and vegetables.

#7 Defending Yourself And Your Family – As our world become increasingly unstable, people are going to become a lot more desperate.  And desperate people do desperate things.  You are going to need to have a plan for that.

#8 Move Away From The Big Cities If Possible – For a lot of people that are dependent on their current jobs, this is simply not possible right now.  But if it is possible for you, this is something that I strongly recommend that you think about.  Being stuck in the middle of a major city is not going to be a good place to be in the years ahead.

#9 Be Ready To Bug Out – There may come a time when you are forced to evacuate from your current location.  This may happen with very short notice.  If this ever does happen to you, the key will be to be prepared for it.

#10 Build A Community – Your neighbors and close friends can be an invaluable resource.  A cord of multiple threads is not easily broken, and if you have people that you can depend upon during a crisis that can make a world of difference.

#11 Have A Back-Up Plan And Be Flexible – Mike Tyson once aptly observed that everyone has a plan until they get punched in the mouth. The years ahead are going to require a great deal of flexibility, and you may find that the plans that you have made need to be altered.  So don’t get fixated on just one approach.

When there is a major emergency, some of the most simple items suddenly become some of the most important.

The following are 11 items that I recommend that every household have on hand…

– an axe

– a can opener

– flashlights

– battery-powered radio

– extra batteries

– lighters or matches

– fire extinguisher

– blankets

– sewing kit

– duct tape

– tools

And here are about a dozen more key items that should be on your list from Survival Mom

  • Lightsticks.  You can pick up one of these every time you wander into a Home Depot.  They don’t need batteries and can be hung around the neck with a string making it easier to spot everyone in your party when it gets dark. An alternative is the UVPaqlite, which never needs batteries.
  • Wool socks and sweaters.  People have literally frozen to death wearing their layers of cotton knit tees and hoodies.  For true survival conditions, nothing beats wool.
  • Upholstery needles and thread.  What if a sleeping bag or tent rips and you have no way of mending it?
  • Roll of quarters.  Handy for phone calls, although payphones aren’t as common as they used to be, and laundromats, but if you put it in a sock and wield it like a sling, you have a handy-dandy weapon! If the quarters are pre-1965 and 90% silver, you have a whole new type of currency.
  • Pencils.  Forget the pens.  They can run out of ink and freeze in cold weather.  With a pocket knife, you’ll always have a sharp pencil.
  • Super glue.  Professional hockey players always have this on hand to seal up small cuts, and the glue itself is harmless.  Unless you get it in your eye, like I did.  But that’s a story for a different type of post!
  • Rubber bands.  String just doesn’t cut it when what you really need is a rubber band
  • Read More @ theeconomiccollapseblog.com

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

  • C.I.

    Downloaded Book.

    Only American?

    B

  • Garden Ready4Action

    Great little article. I’ll add to the important (and NEGLECTED thing to be stocked up with.)
    Canning supplies (including a pressure canner)

    10-25 gallons of Vinegar per person (for making pickled veggies from your garden)

    75-150 pounds of sugar/person (preserving canned fruits, berries) brew alcohol. sweet pickles, etc

    50-150 pounds SALT (preserving meats, brining veggies, tanning hides, etc) Food grade pool salts at Walmart=Morton, or Diamond Crystal=Lowes costs only $8/40#. (NOT salt for water softeners as THEY contain trace chemicals for the Resins or Iron deposits)

    100 rolls of Scott toilet paper (single ply) 1 roll/person/month

    big supply of garden seeds, bug and flea spray for home and garden
    Bags of garden fertilizers, rolls of plastic sheeting (instant greenhouse).

    Bags of POOL SHOCK Chlorine powder (disenfectant, water purify, Ebola cleaner)

    Solar panels & Deep cycle batteris, inverter, etc.(makes SILENT power, not like those NOISY gas generators that will attract the starving killers to your home.)

    plenty of mouse & rat traps (kritters are bad in every situation).

    H.D. sling shot, crossbow, pellet rifle (silent kritter killers)

    Solar Yard lights (quick, cheap, emergency lighting, always ready)

    Bicycle & parts (heavy duty) with baskets or bike trailer (cars don’t always work, gas may become rare.

    Imagination & Adaptablitiy & Creativity. Your brain & cleverness is your MOST important asset.

    • Ed_B

      Great thoughts… especially:

      “Bicycle & parts (heavy duty) with baskets or bike trailer (cars don’t always work, gas may become rare.”

      A heavy duty trike that has a mini-pickup bed attached to it would be ideal for hard times when cars and their fuel may be very hard to come by. Don’t forget to stock a few spare tires and tire tube repair kits. If not this, then a good heavy duty 2-wheel bike with a basket up front and a saddle bag on each side will do pretty well.

  • Spud

    Pathetic how my posting warning people not to try to build a community of preppers from your neighborhood region when your neighbors are not serious preppers…got deleted. You want to die in a crisis die off? If so just talk to your neighbors now about storing food and supplies like you have done. The real truth is time will tell when the wise are still surviving and doing well after 30 days and longer. Those are the only ones after 5 months of die off who might be worth working with.

    • Max

      Good point Spud. If your neighbors are not prepared, they’ll jeopardize your family quickly. I tied to get my neighbors together for a meeting on getting prepared. They treated me like I was from outer space. It’s too late now. I will gladly take care of their kids in a SHTF situation, but not the adults. F-um.

  • spud

    Max, Correct Sir. My distant neighbors are basically ill prepared for an extended no grid crisis event. No water from wells. No electric for propane or electric furnaces. No re-supply for their small propane tanks either. Firewood for parties not years worth for survival. No gas for chain saws in volume. No pressurized water, frozen pipes come deep winter, no nothing. Sadly they will become a real threat to us here and will be seen just as such if they come wanting us to support their lack.
    Almost all will need to leave these mountains to seek aid in the towns…good luck but better there than out here.

    I wish it were different but it is not so face the truth and move on. I am a realist not a dreamer.

  • andrew james

    You carry the tampons around Snyder. I’ll pass on that one.

  • andrew james

    It’s not that big of a deal but I keep reading the same bs about honey. Sure it probably never goes bad. What it does do is crystallize in your cupboard over time. How do I know this? I tried to store honey in my cabinet for more than a year. Rotate the honey out of your pantry so that it doesn’t crystallize. I’m not sticking around when shtf. I’m headed for the snowline. You don’t have to worry about water there for one.

  • spud

    Honey? Any seasoned prepper know honey can and will change some over time. Inside a heated house much faster. All it takes is to remove the cap and immerse most of the container in warm water and raise the heat to hot. The honey will fully warm up and turn back to thick liquid from crystal formations. This can be done over and over.

    He have hives, we store honey from five gallon tubs on down and have it as old as 15 years and it is fine. Kept very cool and dark it does not turn either. Yes honey will be a life saver for those who retain it. All things in balance and moderation develops a seasoned preppr…..

  • Garden Ready4Action

    good advice never goes out of style.

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