As far as faith in the American Dollar is concerned, there has been a global paradigm shift. During the financial crisis of 2007 and 2008, the U.S. Congress held closed door sessions to discuss the economic crisis. Officials from President George W. Bush’s administration and Federal Reserve Chairman Ben Bernanke warned Congressmen that if huge taxpayer bailouts were not passed, the country would suffer economic Armageddon. Administration officials threatened riots, bank runs and martial law. Since the crisis, massive inflation and a worldwide loss of confidence in the dollar ensued. Financial experts like Jim Rogers and Peter Schiff, continued to predict the dollar collapse and the Next Great Depression. The only question now is how to protect yourself from economic collapse?
Just read the international news and you will find motivation to believe in and survive the collapse. Oil rich nations like Russia and Iraq no longer trade oil exclusively in petro-dollars. China and other leading economic nations openly reject the dollar and make plans to institute a totally different world reserve currency. The price of gold has sky-rocketed, a sign that the dollar is weak. The U.S. Stock Market is so inflated that its bubble is bound to pop soon. To survive the collapse, you have to first believe its coming. The signs are ominous.
The average citizen with little in savings or stockpile of supplies is vulnerable to the inevitable credit crunch and devaluation of the dollar. Bank runs and disruption in the food and retail supply chain will leave people with little means to survive over the long haul. A rapid economic collapse, whether triggered by a terrorist attack on our electric grid, a natural disaster larger than Katrina, a stock market crash, or hyperinflation, will leave most Americans scratching their heads and running for cover.
The global paradigm shift in our awareness of economics can actually push nations toward more fiscal responsibility and sustainable growth. However, I would not suggest waiting for your elected officials to fix the economy before you take precautions. How to protect yourself from economic collapse should be your top priority.
First of all, don’t leave the country thinking you will be better off. The corruption that exists in the United States government and economy exists worldwide! Would you rather tough it out in the United States, or in Africa? Fleeing the country to find safe haven in a foreign land is a foolish and dangerous option.
The Sky is Falling!
Planning for the worst, and hoping for the best, is not only very prudent, but also very liberating. Lets face it, not enough people look hard at their finances because they are scary. Putting all of your financial papers in front of you and determining ways to increase income and reduce spending are crucial survival skills. In an economic collapse, you will need to know what assets you have, and what skill sets you possess that can help feed you and your family for the next month. Develop those skills now, and even if the economy holds itself together, the worse that can happen is you will earn more money!
One Chicken For That Bag of Rice Please
Learn how to barter. Make sure you have stored plenty of goods you can trade, such as ammunition, water, food, clothing, and medicine. Money may be completely worthless in an economic collapse. In a traditional economy, only your skills and tangible goods carry much value. Start inventorying your storehouse now so that you can barter later for the survival items that you and your family will need.
Look Up To The Heavens
Soldiers are fond of the saying “Their ain’t no atheists in a fox hole.” I don’t believe atheists would fair well during economic Armageddon either. Keep a strong faith in God and He will pull you through the worst of times. God wants you to prepare, but he also wants you to remain focused on Him and his Love and Mercy. Whatever faith tradition you follow, it sure doesn’t hurt to pray when the SHTF.
This guide below can help you in a survival situation
If society collapses, you can bet that the foods the pioneers ate will become dietary staples
The Lost Ways prepares you to deal with worst-case scenarios with the minimum amount of resources just like our forefathers lived their lives, totally independent from electricity, cars, or modern technology.
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One thought on “Economic Armageddon- Security for the Next Economic Collapse (During the financial crisis of 2007 and 2008, the U.S. Congress held closed door sessions to discuss the economic crisis.)”
If you make more money, the government and others will just figure out a way to take it away from you.
Give what money you can to the work of The Lord and He will take care of you. Find ministries that are actively carrying the Gospel of Jesus Christ and sharing it with individuals. In addition, spend that money to print up Bibles and Gospel tracts and then hand them out yourself.
“Only one life;
So soon it will be passed.
Only what is done for Christ will last.”