It looks like we are doomed as a nation, as citizens, and as individuals. Why? Because we are on the fast track to rock bottom and that stop may be closer than we think or desire it to be. Do you have the skills for when you’ll be put to the test?
Many well-respected economists are rising red flags regarding our nation’s current financial situation. I’ve been looking into this even further and found disturbing information.
Some people believe that if and when America will face another economical crisis, it will be due to a world war, a great natural disaster, some chemical or biological attack, terrorist activities or other similar events. Truth of the matter is, it will take far less, as we learned in September of 2008. If our creditors cut their funding, everything will collapse in a matter of weeks.
We averted a 2nd Great Depression that time due to the Fed printing out all the money needed to put us somewhat back on our feet, and although the solution saved us then from a total economical meltdown, it might just have postponed the inevitable.
The constant printing of money may seem like a good idea, but it’s not, not on this scale, because it will cause a hyperinflationary environment.
While this can cause various devastating effects throughout the economy, the most important one for the average Joe will be : your buying will power drop through the floor due to an absurd increase in prices.
If you’re thinking: “Well this is kind of abstract and me and all of my friends are still enjoy our lives as we always do“, here are some numbers that will put all of this into perspective.
Our nation’s budget deficit is somewhere around $ 16-17 trillion dollars, the unfunded social programs sum up to $ 222 trillion dollars and ….. hold on to your seats ….. credit swap derivatives total between $1 quadrillion dollars to $1.5 quadrillion dollars. Yes folks you read correctly : a quadrillion. If you’re like me and the notion of a trillion gives you headaches, learn that a quadrillion is one thousand trillions. I actually had to Google the sum, after I recovered from the shock. If we keep this up we will need to invent new ways of counting money.
To understand even better these sums you should know that the world’s GDP is estimated at around $ 78-79 trillion dollars. For a practical example, if we take all the money the national budget collects and put it just in the social programs, it will take about 111 years to pay that debt alone. It doesn’t take a math or financial genius to figure out that we can print money the next 1,000 years, and we still wouldn’t be out of this mess.
But wait, there’s more. Most of our big economical crisis, starting with the Great Depression in 1929 and ending with the recent turmoil of 2008 happened in the fall, between September and October and with a seven year cycle. So since the last one was in 2008, it could mean that we are just months away from the next big one.
Now tell me, what other event that has sparked all kind of emotions and theories will be ending this fall? If your answer is Jade Helm, then you have my respect, as you demonstrated a sharp mind.
If the predictions hold, the next crisis will be of catastrophic proportions and martial law will become a reality, along with travel restrictions, confiscation of wealth, shortage of food and other restrictions. The government will need to keep functioning and fund their own pockets and so, martial law will give them the perfect way to control and steal from the people in one swift move. So Jade Helm could very well be a test run for what is about to come.
We will address what effects martial law will have and what to do if it’s imposed in another article, for now we will focus on what to do in the aftermath of the financial crisis.
With everything going down the tube, prices will go through the roof and money will become useless for the general population, who will revert to the original form of getting the goods you want: bartering.
Bartering means trading goods or services without exchanging money. Our ancestors used all kind of goods as “currency”, from silks and furs to salt, which in those time was quite valuable as it helped to better preserve the food. This form of trading also took place in the Great Depression.
Learning how to barter will most likely be crucial to your survival in the aftermath of the economic meltdown so you better start practicing now. Go to the flea market and haggling over prices and quantities, see how you do. Two of the most important skills to develop in bartering is to be able to judge an item’s value only by looking at it and making compromises. This kind of trading is a back and forth negotiation, and you will need to learn how to be flexible.
Now it’s time to learn what to barter. With the system completely collapsed, the supply lines for the stores will be cut and so everything from food and water to clothes will become as precious as gold. Also learning key skills that will be of value during such a crisis will also afford you a powerful tool in the bartering process. Below, we will take a look at some of the goods and skills that will be in high demand during an economical crisis.
1. Water. While most people take this for granted, this is the most important commodity for surviving. In a nationwide catastrophe water supply will be most likely limited or cut altogether so having a way of procuring drinkable water will be essential. Finding a way to secure water and then making it drinkable will be a strong bartering chip. Filtration units and tables are going to be extremely useful in this situation. Stock up all the water you need for you and your family and barter off the rest.
2. Food. With the supply lines cut, food shortage will become a reality. People who were caught unprepared will trade anything for water and food so having extra will make you a very popular trading choice. When stocking up keep in mind to stock up enough food for you and your family ( at least 6 months worth) and half of that for bartering. Also being able to grow and can food will be extremely important. Keep in mind that if martial law will be impose as a result of the financial crisis, the authorities may come knocking for your stock, so keep it hidden.
3. Medicine. When a crisis this big hit, having access to medical care will be extremely difficult, so having some on hand that you can trade off will be invaluable to people. Of course always keep two separate stocks: one for your use and one for bartering.
4. Clothes and footwear. You may not think much of them now, but when people are going to realize they won’t be able to go to the store and get a new jacket, pair of boots, pants or even underwear, they will panic. Having extra will make you the go to guy for these people and will provide you with some leverage in the bartering process.
5. Guns and ammunition. In the aftermath of the crisis, desperation will push people to riot and to loot anyone they can. People who don’t have any means of defending themselves will trade anything for a gun and some ammo. While at first you may not be inclined to give some of them away, they could prove a powerful trading tool for food, water, clothes and medicine. My advice is to keep this as the very last option.
1. Medical care/First Aid. In a scenario with limited or no access to hospitals and doctors, every little cut, scratch and graze could be a death sentence. So people are going to turn to anyone with some level of medical care knowledge in hope that everything will be ok. Learning more about this skill will ensure you occupy a top position in your community and will give you the upper hand in any bartering situation.
2. Mechanical knowledge. Another important skill to learn is how to repair things. Taking something apart, see what the problem is, fixing it and then putting it back again will prove to be of great help in a world struck by disaster. From watches to generators, if you can fix the things that people need in order to survive, you will have great value in the community. Cars will also be in great need of repairs so learn a couple of things regarding those as well.
3. Gunsmith. As I stated before, guns and ammo will be a very “high priced” goods. But even if people already have guns, chances are they don’t know how to clean or repair them and most certainly don’t know how to make new bullets. Learning this skill will not only make you able to protect yourself and your family, but will also ensure that you receive the protection of your community in exchange of your services.
4. Alcohol production. Alcohol is a versatile substance. It can be used as a disinfectant, pain relief or for leisure. Regardless of the use, people are going to be looking to trade for it and being able to produce your own alcohol will give you a strong bargaining position
5. Survival skills. Fire lighting, shelter building, hunting, fishing, etc., will play a vital part in the survival of your group. Immediately after a catastrophic event, these will be skills of some of the highest value for bartering
While stocking up food, water, medicine and ways to protect yourself and your loved ones is imperative in order to survive, learning how and what to barter may prove as invaluable. As with anything, practice makes perfect and since a financial crisis may occur over night, I highly recommend that you get started right away.
Are you prepared for a world where money means nothing? Share your thoughts in the comments section below.