OK, so this guy’s five tips really boil down to “have important stuff and keep it safe.” Having plenty of important stuff is important for dealing with serious stuff. Gotcha.
But as a survivor of an economic crisis and witness to others of late he makes one strong point: have cash money. Make it rain.
Hyperinflation is one possible result of economic meltdown, but it’s not necessarily the result, and even after it starts, having a supply of cash on-hand is a good idea. Cash, even in an economic disaster, has value for a time.
If you don’t have twenty minutes to listen to the guy ramble, the types important stuff to have in case of serious stuff are pretty straight-forward and can be classified as a couple of things:
- Have safe stuff: high ground, shelter, layered security, and safes for your important stuff,
- Have important stuff: money, money alternatives, water, food, ammo, etc.
That’s pretty much it. His suggested money alternatives are get an offshore bank account and get some precious metal currency. There are still limits to gold and silver, but if you have that, cash, and stuff to barter with, well, you won’t die.
Also, be wary of any Teenage Mutant Ninja Turtles. After the collapse, they go evil.Related: Popular: