Originally published February 8 2015
Make sure you do these four things before the dollar collapses
by J. D. Heyes
(NaturalNews) Here at Natural News, we have been doing quite a bit of reporting on what we view are deteriorating economic and financial conditions -- not just in the United States, but all around the world. Our goal in focusing on key events taking place in the global economy and advising you of them is to make sure that we are doing everything possible to help our readers prepare for any economic/financial emergency like a stock market crash, the collapse of our currency, etc.
Along those lines, there are a number of things which you should probably be considering while things still relatively "normal," in order to protect yourself financially, should conditions worsen. As noted by Survivopedia, though, a "collapse" likely won't be like anything most people imagine:
A financial collapse is much different than what most people imagine. It's not a general breakdown in society and we don't go back in time 150 years, living in the times of our great-great-grandparents. The two big signs of a financial collapse are high unemployment and runaway inflation. So, whatever preparations we make for the collapse, have to help us get through those two things.
To that end, here are four things you should think about:
-- How safe is your job? Think for a moment how vital your job is: Could it survive an economy in massive decline? Jobs in service sectors, luxury goods and so forth would be hardest hit. Also, as unemployment increases generally, tax revenues will fall and government service sectors will have to be cut (so, no, a "government job" isn't the answer necessarily, either).
"The most secure jobs," says Survivopedia, "will be those which supply essential services, followed by those that provide goods and services which people need to survive." Also, "[s]ince people won't be able to afford to buy new cars and appliances, repairing these types of items will be a very secure job as well."
If, after careful consideration, it doesn't appear to you as though your job will be secure in the event of a financial collapse, then you may want to consider a job change now -- while you can.
One other thing to consider: A sideline job, especially one that can provide essential goods and/or services. For now, it will augment your income; later, if a collapse ensues, it will provide your income.
-- How high is your debt? In a collapsing economy, prices for just about everything will skyrocket because of high inflation (and a low-valued currency). As this happens, it will become even more difficult to pay off existing debt; you could lose your car(s), your home, your furniture -- anything you have financed. So reducing debt as much as possible in the meantime is vital to surviving bad economic times.
"The average American family lives on 110% of their income. However there are some things you can do," Survivopedia notes.
If you are paying for two cars -- like many families are -- you can consider selling one of them and then purchasing outright an older vehicle that is mechanically sound. In this way, even if you lose the other car that you're still paying for, you'll have one to still get around in (so you can, if need be, look for work, get groceries, etc.).
-- Create some stockpiles: It's not foolish to create stockpiles of must-have items to save for hard times, as some might suggest. Food, obviously, will become harder to get in a financial emergency, so having a supply of it will help you get by (water, too). Inflation will hit food prices especially hard, so buying an excess supplies now will save you money later and you'll still be able to eat.
-- Think about investments: Yes, investments.
As per Survivopedia:
The only investments that are secure during a financial collapse are precious metals and real estate. While it may be hard to sell either of them during the collapse, they are highly likely to retain their value or even appreciate in value. If you have other investments, you may want to consider selling them and moving the money into your home or into purchasing precious metals.
As to investments though, first things first: Food and other supplies are needed for basic survival.
Sources:
http://www.survivopedia.com
http://www.thesurvivalistblog.net
http://www.naturalnews.com
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