What will you do if the economy fails?

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A half serious answer:

I'm not sure what my second or third step would be, but my first would be to move into the country. I'm outside Houston now, but if things start to get bumpy (and I don't just mean economically), I'm packing up the kids and dogs and buying my farmhouse in the country. Most death, destruction and chaos would be in the cities, and being from the south, I'd prefer to let the cities self destruct without me anywhere near them.

In the meantime, I'll ghostwrite all those ebooks y'all plan to sell and make enough to bury in the garden of my new rural farmhouse to make it through the next 4-8 years. :music06:
 


I already have my gun/ammo stockpile sorted out... still need to pick up a deep freeze and some extra food. Beyond that I have physical gold/silver and enough cash stockpiled to last through an extended banking holiday. I don't think there's any good way to prepare to keep our current standard of living through a true economic meltdown so I just got the emergency bases covered and am now looking at everything as if it's business as usual.
 
joshmv said:
I have many guns, and mucho ammo. Now that you mention it, it's probably time I go order a couple more and lock up a 50 cal finally.

Being a gun guy I hear about the SHTF stuff all the time, and while I don't give it much thought, I suppose I do quietly prepare for it.
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I'd follow his lead for sure (no sarcasm).
 
rmkauf said:
I already have my gun/ammo stockpile sorted out... still need to pick up a deep freeze and some extra food. Beyond that I have physical gold/silver and enough cash stockpiled to last through an extended banking holiday. I don't think there's any good way to prepare to keep our current standard of living through a true economic meltdown so I just got the emergency bases covered and am now looking at everything as if it's business as usual.
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You are completely fucking nuts.
 
xmcp123 said:
You are completely fucking nuts.
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How so?

I own physical gold because it's a timeless, compact, physical store of wealth that maintains value independent of currency fluctuations.

I own physical silver for the same reason, and because its lower value will make it useful in trade in the case the USD becomes toilet paper.

I mentioned the deep freeze / extra food because imported food / supply chains / transport can be easily interrupted by currency and banking crises. Google the icelandic krona crash for a recent example of economic-inspired food shortages.

I live in Ohio. In September the storm following hurricane ike tore shit up and knocked our power out for a full week. Having to spend that week without power and seeing how quickly resources that you take for granted (being able to buy ice, D batteries, etc.) become impossible to get your hands on will cause you to make better preparations "incase shit."

unrelated p.s.: i'm a big fan of your blog
 
Gold will be completely worthless in the event of a total economic collapse, as will silver - especially in the short term...and buddy...you'll be lucky to live that long. Gold has value when someone has everything else that they need.

When the zombies come, the wealthy will be the ones who have access to alcohol, or a means to produce alcohol. Same thing applies to various medicines - especially antibiotics and anti-inflammatory medication. Diabetic supplies will soon run short.

Food will be a problem for a while, but you should be able to ride that out, depending on the time of the year that the zombie menace rises.

Over the long term, real wealth will be in the people who run the local farmers. There will be two types of people in the world - the people who farm and the folks who own the people who farm.

Having a solid, well-trained and loyal group of people who are willing to work together with no scruples as to outsiders will be worth more than anything else in the short term.

rmkauf said:
How so?

I own physical gold because it's a timeless, compact, physical store of wealth that maintains value independent of currency fluctuations.

I own physical silver for the same reason, and because its lower value will make it useful in trade in the case the USD becomes toilet paper.

I mentioned the deep freeze / extra food because imported food / supply chains / transport can be easily interrupted by currency and banking crises. Google the icelandic krona crash for a recent example of economic-inspired food shortages.

I live in Ohio. In September the storm following hurricane ike tore shit up and knocked our power out for a full week. Having to spend that week without power and seeing how quickly resources that you take for granted (being able to buy ice, D batteries, etc.) become impossible to get your hands on will cause you to make better preparations "incase shit."

unrelated p.s.: i'm a big fan of your blog
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rmkauf said:
How so?

I own physical gold because it's a timeless, compact, physical store of wealth that maintains value independent of currency fluctuations.

I own physical silver for the same reason, and because its lower value will make it useful in trade in the case the USD becomes toilet paper.

I mentioned the deep freeze / extra food because imported food / supply chains / transport can be easily interrupted by currency and banking crises. Google the icelandic krona crash for a recent example of economic-inspired food shortages.

I live in Ohio. In September the storm following hurricane ike tore shit up and knocked our power out for a full week. Having to spend that week without power and seeing how quickly resources that you take for granted (being able to buy ice, D batteries, etc.) become impossible to get your hands on will cause you to make better preparations "incase shit."

unrelated p.s.: i'm a big fan of your blog
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Unrelated:Glad you like it :)
Back on topic. Referring to anything(especially guns) as a "stockpile" is kind of like referring to a house as a "compound". It reeks of Michigan Militia style craziness. haha.
 
popeye said:
Have you thought about it? Do you have plans made if your cash, stocks etc suddenly are worth nothing? Do you own a weapon and are you ready to use it? Are you able to provide for yourself and your family in such a situation?
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I'm going to buy every book in the paladin press catalog, raid my nearest Army Navy store and high tail it north to join the Michigan Militia. Or maybe Montana, they seem a little more organized.

But, seriously, anyone who has cash on hand and is paying attention to what's going on around them will be fine.

Cash > guns. But why hedge bets? Own both.
 
New opportunities at the worst of times will reveal themselves. Survival is not for the fittest or strongest - but for the most adaptable. Keep looking for opportunities no matter what befalls us.
 
xmcp123 said:
You are completely fucking nuts.
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c'mon now... not everyone who prepares for disasters/emergencies is a militia nut...

I listened when my grandfather used to talk about surviving the great depression... shit was bad back then, and history has a way of repeating itself... tho, I do hope it doesn't get that bad again...

as for gold, silver and guns... all 3 of those increase in value during rough economic times... historically gold and silver are good hedges against inflation... I've also always made a profit on my guns... of the guns that I've sold over the years I've always gotten more than I paid, sometimes double... hell, my guns have had better returns than the stock market during the boom years... if I was a little smarter I'd have gotten a FFL and opened a gun shop by now, lol...

it's better to be prepared and have something that you don't need than need something and not have it...
 
_poto_ said:
c'mon now... not everyone who prepares for disasters/emergencies is a militia nut...

I listened when my grandfather used to talk about surviving the great depression... shit was bad back then, and history has a way of repeating itself... tho, I do hope it doesn't get that bad again...

as for gold, silver and guns... all 3 of those increase in value during rough economic times... historically gold and silver are good hedges against inflation... I've also always made a profit on my guns... of the guns that I've sold over the years I've always gotten more than I paid, sometimes double... hell, my guns have had better returns than the stock market during the boom years... if I was a little smarter I'd have gotten a FFL and opened a gun shop by now, lol...

it's better to be prepared and have something that you don't need than need something and not have it...
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Yeah. If it gets any worse - I'm definitely investing in a pistol. Maryland doesn't have any conceal & carry's so I can't exactly take it out anywhere but inside is good enough for me.
 
Are you guys retarded? The economy isn't going to fail.

obama-the-2nd-coming.jpg
 
Bofu2U said:
Yeah. If it gets any worse - I'm definitely investing in a pistol. Maryland doesn't have any conceal & carry's so I can't exactly take it out anywhere but inside is good enough for me.
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now is a good time to buy, before the politicians push through more gun ban legislation... plus, as recessions/depressions get worse crime increases...

if you're getting something for home defense, I'd recommend a good short barrel tactical shotgun... like a mossberg model 500... much easier to hit your target with a shotgun than a pistol, especially if you haven't had much training... in a panic situation a lot of untrained people have a hard time hitting the broad side of a barn...

I'm ex-military, so it's a bit different for me... but for most civilians, whatever type of gun you get, I can't stress enough that you please learn how to use it properly... take it to a range and get some practice time in... that way if you do ever have to use it to defend you life or property, you'll at least be able to hit something with it...

it's also damn good fun to go target shooting every once and a while ;)
 
xmcp123 said:
Unrelated:Glad you like it :)
Back on topic. Referring to anything(especially guns) as a "stockpile" is kind of like referring to a house as a "compound". It reeks of Michigan Militia style craziness. haha.
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oh ok i'll gladly own up to being nuts in that context

my friends refer to my house as "the compound" on occasion :x
 
If we are actually talking about a complete failure of the economy and everything that would go along with it I'm not even sure I cared enough to do anything about it. What's the point really, to live like our ancestors 125 years ago? No thanks.

But it's obviously not going to get to that point, and everything else can be dealt with.
 
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