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.