I do not want this to be a political debate nor an opportunity to post recent headlines. However, in my opinion, this administration seems to be taking actions which history suggests may lead towards a near or total economic collapse. Whether you agree with this or not is irrelevant.
This post’s question is: If one were to have a concern that they’d no longer be able to afford common household goods or that mainstream (S&P, Nasdaq) financial investments were no longer sound, what can one do to prepare for “the worst”? What actions could someone take today to minimize economic hardship in the future?
I would also like thoughtful insight from older adults to offer younger adults about how they should be better preparing themselves for an uncertain future, outside of current events or place of residence.
Get to know your neighbors.
The network is one of the most important parts of a survival scenario.
Personally, I have met people through food not bombs that I found interesting and dedicated to a better future.
Dried beans and rice go a long way towards feeding yourself and family if food becomes a scarcity. Store in airtight containers, with an inert gas, so that what you do have does not become rancid.
A human can survive for weeks without food but only days without water. If you’re stockpiling.
Become proficient with firearms. This involves practice, and ownership.
It is almost always better to hunker down than to bug out.
Easiest access to the “inert gas” piece is dry ice from your local grocery store. CO2 is heavier than air. Wrap some in a tea towel and put it in the bottom of the bucket before adding the food. Then place the lid on but do not close. Keep in a place without significant air movement while the dry ice sublimates, pushing out the lighter gasses, before sealing the lid. This takes a few hours.
Times and amounts are purposely vague, as I don’t remember them, but it should be easy to look up. If not, err on the side of too much and too long - the extra gas will just seep out the top.
I’m old enough to have lived through several recessions, though I was poor for the first couple of them. I think a recession more likely than a collapse. If it’s a recession:
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If you can keep your job you will be ok, really. Try to keep your job if you can. Yes even if they do temporary pay cuts.
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If you’ve been unable to buy a house, a recession may make it possible. That is how we got our first house - prices tanked, we got a run down house, couldn’t improve it really but it was a place to live for a long time, and when you buy in a crash, taxes stay low here.
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Remember there have been worse times and you are descended mostly from people who survived them.
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Be nice to people. Always be nice on your way up, because what comes up must come down. We used to have to dumpster dive, and I have lived on the streets and in a car, don’t want to again, at all, but there are plenty of less extreme tactics - live with more people in one house, we used to have one family in each bedroom, not one person, and that makes housing cost so much easier.
#1 is really the most important though - if you can keep a job you will be ok. If that falls through, do not think you are on your own, reach out to others and work together.
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Local libraries are a great way to substitute your entertainment budget for something more affordable. What’s more, if you volunteer and help out you’ll make a whole lot of connections who can help you back.
Spend absolutely no money that you don’t need to. This saves money for you and keeps it out of people’s hands that don’t need it. The faster the collapse, the more equal it will be.
I don’t want to advise this, but I’m pulling all my money from the larger of my 401(k). (Keeping the smaller just in case it turns out I’m crazy, and if I am, I can always reinvest, with only some minor losses in time)
I bought a couple ATVs with trailers, with camo netting, working on filling those trailers with supplies and a lot of gas. I also bought an old jeep CJ7, with a trailer for the ATVs. Think lighters, camp stoves, portable solar panels, blankets, water filters, a good axe or hatchet, a couple knives, some emergency rations.
This is America. There’s more guns than people. Make sure you have at least one.
The economic hardships, you won’t be able to escape. When we lose hegemony/petrol dollar, it’s likely to be the fastest collapse in history.
This is just a quick summary. Some of us have been planning for something like this for a decade or more. There’s no way to be able to give you anything much more specific without knowing where you live or your current circumstances, experiences, or skills. But rely on any skills, training or knowledge you do have. Emphasize them and try to improve them. Make yourself a useful member of a rebuilt (small) society. I.e. growing, sewing, defense, engineering etc.
Whatever you do, do not give up. And be creative. Lighting a fire, and putting some seriously hot peppers in the fire can be a good area denial defense, light the fire and travel in the direction the wind is coming from.
Save money and get to know your neighbors.
Trump probably won’t cause total collapse, so a basement full of beans is unlikely to be useful, but anyone relying on welfare or part of a minority group will need support. Savings will help with that, and could come in handy if you yourself get fired, either because of discrimination or economic recession.
As a teen we went through the collapse in the 80s when (in Canada) mortgage rates hit 21%. So Get your mortgage rate locked in now and don’t have a renewel pending in the next 2 years.
For my family in the 80s it meant most income was going to the mortgage and we had to be very frugal. We ate a lot of potatoes and beans, no restaurants ever, and no extras. My dad also hunted, left over meats went into soups.
We are currently living frugally for reasons. We buy bulk dried chick peas, kidney beans, lentils (various kinds), frozen peas, rice. We stock up on potatoes , carrots, onions and canned tomatoes. With a large selection of spices and occasionally other ingredient we can make a wide variety of dishes. Weekly grocery shop is around $35-50.
I expect for those in the USA the luxury of lavish meals will need to become more like my frugal diet.
Drop extra services…do you really need more than one streaming service, could you go without and scour the thrift store for BlueRay / DVDs , the libraries have free rentals of new releases.
Carpool. Barter between neighbours to exchange services.
Barter between neighbours to exchange services.
Facebook groups and market place is great for this.
Always go there for first. And remember in order to make this work, got to buy AND sell.
Each second hand transaction denies the parasites profit!
Also check out https://buynothingproject.org
As another has said, strengthen your local ties. In the event of a collapse, we’re all going to be affected in one way or another. I think the biggest thing is fostering a culture of cooperation rather the competition. That means avoid prepping, avoid emptying store shelves, avoid hoarding goods en masse in your basement or shelter.
I think a good first step would be to look for local mutual aid groups. Just Google your town or state + “mutual aid”. These groups are already out there directly servicing those most in need, and are the most ready to spring into action when a disaster strikes (here is some testimony about mutual aid group action during Hurricane Helene)
Oftentimes these groups are open to volunteers or donations and will be active during natural catastrophes, and I’d imagine economic ones as well.
Do any vehicle maintenance you can now. Look up common issues for your vehicle and maybe buy those parts as they might be extra expensive due to tarrifs. If you need to you can sell them later.
Secondary used markets are going to be huge, so set aside anything you think people will want in the future. Buy an ebike just in case driving becomes too expensive. Download as much media as you think youll want because theyre trying to ban piracy sites and free options may dissapear.
The free options will still be there. Banning a few pirate sites will make it less convenient for streamers, but bittorrent isn’t dependent on those sites and tools like Tribler can find them straight off the DHT.
We’ll see hopefully they have to play whackamole and keep having to go to court and waste their time.
Remember your local community is one of the most valuable resources. Get to know your neighbors, invest in your social capital.
I remember coming across post in a /r/collapse on reddit that poked fun at a lot of peoples plans. He stated he was in a war torn country and found a lot of plans revolve around personal survivorship instead of community based. And the immediate local community is the one that most people fall back on and the one that often times helps out the most.
Learn how to cook, go on some camping trips. You’ll learn a little bit of self-sufficiency and get a break from society.
Take care of your mental health. The first thing that breaks down in a disaster is usually your mental state.
Discuss your emergency plans with the people that you would be including in them. Know where you’re staying if you need to hunker down and know where you’re going if you need to leave.
At the end of the day if there’s a full economic collapse there’s not much you can do except survive and take care of yourself and those you love. A total economic collapse means your money won’t be worth anything, your investments will go to zero, and your best bartering chip is going to be food/water over a chunk of gold.
Build a garden if you can, join community efforts like mutual aid, and form or join a union. We are strongest together.
I’m going to say a few things about food and also assuming prices will go up and not quite reach an economic collapse:
Secure your food, learn to prepare cheaper, more plentiful foods in a way that is tasty to you (look to rice and beans). Consider purchasing or creating emergency food reserves. Consider purchasing more canned foods which can last for years. If you have freezer space, consider vacuum sealing food to keep them for longer.
Generally, look for ways to reduce extraneous cost and rely more on yourself and your immediate community. (This will be difficult to do, no mistaking it)
Quit being poor, works 100% of the time.
or that mainstream (S&P, Nasdaq) financial investments were no longer sound, what can one do to prepare for “the worst”?
Investors that factor in world markets would probably do okay as long as you’re talking just U.S. economic troubles. e.g. right now VT (total world stock ETF) is weighted 64.70% U.S. market due to market strength. So in theory if the U.S. tanked and other countries have better markets for investing then the weights would shift to the other side and maybe being closer to 30% U.S. vs rest of the world’s markets weighted towards 70%.
Emigrate? …or maybe stand for office.
Nobody wants us any where mate.
It ain’t as easy as people think it should be lol
Best chance is finding some nice foreign person who loves you enough to get married and import you into their socialist paradise.
This tactic works better for women generally lol
Nobody wants a broke middle aged cuck haha
There’s a market for anyone but mostly cishet femmes