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10 Practical Steps That You Can Take To Insulate Yourself (At Least Somewhat) From The Coming Economic Collapse

Most Americans are still operating under the delusion that this “recession” will end and that the “good times” will return soon, but a growing minority of Americans are starting to realize that things are fundamentally changing and that they better start preparing for what is ahead. These “preppers” come from all over the political spectrum and from every age group.  More than at any other time in modern history, the American people lack faith in the U.S. economic system.  In dozens of previous columns, I have detailed the horrific economic problems that we are now facing in excruciating detail.  Many readers have started to complain that all I do is “scare” people and that I don’t provide any practical solutions.  Well, not everyone can move to Montana and start a llama farm, but hopefully this article will give people some practical steps that they can take to insulate themselves (at least to an extent) from the coming economic collapse.

But before I get into what people need to do, let’s take a minute to understand just how bad things are getting out there.  The economic numbers in the headlines go up and down and it can all be very confusing to most Americans.

However, there are two long-term trends that are very clear and that anyone can understand….

#1) The United States is getting poorer and is bleeding jobs every single month.

#2) The United States is getting into more debt every single month.

When you mention the trade deficit, most Americans roll their eyes and stop listening.  But that is a huge mistake, because the trade deficit is absolutely central to our problems.

Every single month, Americans buy far, far more from the rest of the world than they buy from us.  Every single month tens of billions of dollars more goes out of the country than comes into it.

That means that every single month the United States is getting poorer.

The excess goods and services that we buy from the rest of the world get “consumed” and the rest of the world ends up with more money than when they started.

Each year, hundreds of billions of dollars leave the United States and don’t return.  The transfer of wealth that this represents is astounding.

But not only are we bleeding wealth, we are also bleeding jobs every single month.

The millions of jobs that the U.S. economy is losing to China, India and dozens of third world nations are not going to come back.  Middle class Americans have been placed in direct competition for jobs with workers on the other side of the world who are more than happy to work for little more than slave labor wages.  Until this changes the U.S. economy is going to continue to hemorrhage jobs.

The U.S. government has helped to mask much of this economic bleeding by unprecedented amounts of government spending and debt, but now the U.S. national debt exceeds 13 trillion dollars and is getting worse every single month.  Not only that, but state and local governments all over America are getting into ridiculous amounts of debt.

So, what we have got is a country that gets poorer every single month and loses jobs to other countries every single month and that has accumulated the biggest mountain of debt in the history of the world which also gets worse every single month.

Needless to say, this cannot last indefinitely.  Eventually the whole thing is just going to collapse like a house of cards.

So what can we each individually do to somewhat insulate ourselves from the economic problems that are coming?….

1 – Get Out Of Debt: The old saying, “the borrower is the servant of the lender”, is so incredibly true.  The key to insulating yourself from an economic meltdown is to become as independent as possible, and as long as you are in debt, you simply are not independent.  You don’t want a horde of creditors chasing after you when things really start to get bad out there.

2 – Find New Sources Of Income: In 2010, there simply is not such a thing as job security.  If you are dependent on a job (“just over broke”) for 100% of your income, you are in a very bad position.  There are thousands of different ways to make extra money.  What you don’t want to do is to have all of your eggs in one basket.  One day when the economy melts down and you are out of a job are you going to be destitute or are you going to be okay?

3 – Reduce Your Expenses: Many Americans have left the rat race and have found ways to live on half or even on a quarter of what they were making previously.  It is possible – if you are willing to reduce your expenses.  In the future times are going to be tougher, so learn to start living with less today.

4 – Learn To Grow Your Own Food: Today the vast majority of Americans are completely dependent on being able to run down to the supermarket or to the local Wal-Mart to buy food.  But what happens when the U.S. dollar declines dramatically in value and it costs ten bucks to buy a loaf of bread?  If you learn to grow your own food (even if is just a small garden) you will be insulating yourself against rising food prices.  Storing up freeze dried food can also be a great way to prepare for what is coming.

5 – Make Sure You Have A Reliable Water Supply: Water shortages are popping up all over the globe.  Water is quickly becoming one of the “hottest” commodities out there.  Even in the United States, water shortages have been making headline news recently.  As we move into the future, it will be imperative for you and your family to have a reliable source of water.  Some Americans have learned to collect rainwater and many others are using advanced technology such as atmospheric water generators to provide water for their families.  But whatever you do, make sure that you are not caught without a decent source of water in the years ahead.

6 – Buy Land: This is a tough one, because prices are still quite high.  However, as we have written previously, home prices are going to be declining over the coming months, and eventually there are going to be some really great deals out there.  The truth is that you don’t want to wait too long either, because once Helicopter Ben Bernanke’s inflationary policies totally tank the value of the U.S. dollar, the price of everything (including land) is going to go sky high.  If you are able to buy land when prices are low, that is going to insulate you a great deal from the rising housing costs that will occur when the U.S dollar does totally go into the tank.

7 – Get Off The Grid: An increasing number of Americans are going “off the grid”.  Essentially what that means is that they are attempting to operate independently of the utility companies.  In particular, going “off the grid” will enable you to insulate yourself from the rapidly rising energy prices that we are going to see in the future.  If you are able to produce energy for your own home, you won’t be freaking out like your neighbors are when electricity prices triple someday.

8 – Store Non-Perishable Supplies: Non-perishable supplies are one investment that is sure to go up in value.  Not that you would resell them.  You store up non-perishable supplies because you are going to need them someday.  So why not stock up on the things that you are going to need now before they double or triple in price in the future?  Your money is not ever going to stretch any farther than it does right now.

9 – Develop Stronger Relationships: Americans have become very insular creatures.  We act like we don’t need anyone or anything.  But the truth is that as the economy melts down we are going to need each other.  It is those that are developing strong relationships with family and friends right now that will be able to depend on them when times get hard.

10 – Get Educated And Stay Flexible: When times are stable, it is not that important to be informed because things pretty much stay the same.  However, when things are rapidly changing it is imperative to get educated and to stay informed so that you will know what to do.  The times ahead are going to require us all to be very flexible, and it is those who are willing to adapt that will do the best when things get tough.

Do you have any additional tips that you would like to share with us?  If so, please feel free to share them in the comments below….


  • http://WBDM Joe in JT

    Develope stronger relationships? Why, so my friends can steal all my stuff I’ve packed away for 10 years. You didn’t even mention one of the most important things, and that’s to buy about 3 guns and tons of ammo. What good is your cute little solar panel and your rows of corn and tomatoes if you can’t protect it from the hungry desperate hordes.

  • Karen W Poore

    #1 & #2
    How do we get out from under our house if we have the income to pay the mortgage?
    We are dependent on SS and State pensions and we are afraid if we walk away for the house they can attach our income?
    We feel trapped in a house where we owe more than what it is worth.
    Our house is, basically, our only debt and we want to move to something less expensive for our retirement.
    We are really scared of depending on the government for our income and we are looking for ways to earn money, but we can’t seem to find anything that does not compete with big business who charges less.
    Thanks,
    Karen

  • Al

    Excellent article! I have been a reader of this blog for quite some time and I find your articles extremely enlightening (and thus depressing as that is unfortunately the true state of affairs). This article should certainly quiet those who accuse you of not providing any suggestions!!

  • ForcedToBeAFarmer

    About this:

    Well, not everyone can move to Montana and start a llama farm

    LLAMA?? LOL WTF good is a llama :)

    There is a new rule at my farm, NO USELESS EATERS! All “pet” animals (like llamas) are going, any if I can’t eat it or make it do work, it’s gone!

    Besides I heard that LLamas were for Obama in 2008:

    http://www.youtube.com/watch?v=CxLSa0f4A9s

  • comment

    Yeah…I have a comment.

    Don’t vote for incumbents.
    Don’t vote for someone because they promise to give (or maintain) benefit or tax dodges.

    You brought this on yourselves America.
    You’re fat, clueless and materialistic.

    You vote for a politician because they promise you something for nothing.
    That’s not how things work… and we’re all paying for it now.

  • Goldmember

    11- Buy gold
    12- Buy a gun

    or

    13- Buy a golden gun

  • No One Special

    Good list. Add to #4, build a compositor or buy one. Anything scraps from your kitchen, except meat and bones can be composted: coffee grounds, peels from fruits and veggies, egg shells, stale bread, it will turn into perfect soil for your garden.

    #9 includes defending your neighbor as he/she will defend you. One neighbor has a shotgun, but can’t really afford ammo. He has a shotgun and I have several boxes of ammo for it.

    When things get really bad, those who did not prep, will be the first to come knocking at your door and if they are hungry or thirsty enough, they won’t even knock.

  • Maria

    I vote #11 should be as Chuck from August 24th stated…

    “Invest in precious metals- Gold, Silver and Jacketed Lead.”

  • http://www.humbleseed.com Jim Mitchell

    Exactly! Great advice and article! As an commodity ex-trader get out of the casino-NOW, get out of fiat currency-NOW, and grow your own food!….Accumulate things of real value! It really is coming my friends-sad to say….

  • Something Wicked This Way Comes

    Another government rocket scientist crackin’ wise.

    http://thecivillibertarian.blogspot.com/

  • Something Wicked This Way Comes

    August 26th, 2010 at 1:52 am

    #1 & #2
    How do we get out from under our house if we have the income to pay the mortgage?

    Dear Karen;

    There are 800,000 homeowners currently engaged in strategic defaults. They have simply quit paying their mortgages. The turnaround time is averaging 465 days. That’s the time it is taking banks to foreclose and boot them out. So they are living free for about 15 months. Who pays the property tax? I’m not sure. This million or so homes is part of the “shadow inventory” that looms.

    The best strategy for you appears to be a short sale. The property gets re-appraised and the bank agrees to sell it for less than it’s worth.

    I’ve been reading about the governments loan modification program that is getting less than rave reviews. But I suppose that’s a possibility.

    In the end, the government is backstopping TBTF banks and Fannie and Freddie so taxpayers are picking up the tab anyway. And like everything they touch, that is turning to s#$% as well.

    Government intervention…whether its student loans, housing, or any myriad of crap that was never part of their job description…continues to be the biggest problem we face. It may dawn on people, one day, that the single biggest enemy we all have is government. And in fact many folks including Sam Adams and Tom Jefferson envisioned just such a catastrophe many moons ago…

  • http://www.bmoresound.wordpress.com Black Mamba

    I think you’ve tackled the task pretty well. Every list isn’t tailor made to fit every particular person. More people should start assessing their own needs and THINK for THEMSELVES instead of looking to others for their solutions or directions.

  • TnAndy

    1 thru 10 are good suggestions. Unfortunately, the time to have applied them was about 10 years ago.

    Personally, I began appling them 20-30 years ago….and I’ve been preaching this on the web, and to friends/family for many years. Some friends/family have done some things…not near enough IMHO for what I think is coming, but it’s hard for most people to wrap their heads around the concept that our way of life might just change that drastically. It always seemed logical to me that our living “high on the hog” party days as a nation HAD to come with a morning after hangover. NOW that folks are starting to “get it”, there are more and more of these type of websites telling them GET READY.

    Well, if you plan to start today, good luck…the learning curve is going to be quite steep. I spent a year alone working on, refining, learning what works and what doesn’t, JUST on some solar power for our place. We’ve spent 30 years gardening, and in the last 10 years, added cows, pigs, chickens, fish ponds, always with the goal of 100% of home raised food..(supper last night was all home raised: roast beef, mashed potatoes, green beans, cantelope)…..you can’t BELIEVE the effort, supplies, tools, knowledge and infrastructure ( you got any clue what it takes to just FENCE 4-5 acres ? )it takes to do that. Then preserving ? Got your root cellar built ? How about canning jars ( assuming you have ANY idea HOW to can ) ? Got enough for a quart jar per day per person in the household for a YEAR between growing seasons ? How about lids ? You think THOSE won’t be more valuable than gold coin come a serious crash ? ( We have over 1,000 jars and 5,000 lids in stock )

    I write this NOT to discourage you…BUT TO SCARE THE MORTAL BEJEEZUS OUT OF YOU…..and hope we aren’t past the tipping point, that “they” may manage to string this thing out another 5-10 years ( which I don’t believe )

    But you know what most people will do ?

    “Oh, it won’t be THAT bad…..I read that FerFal guy’s blog and he said it never got that bad in Argentina….I just can’t believe it could get that bad here”

    Well….Argentina was a fairly rinky dink little place, AND the rest of the world hadn’t collapsed, which meant they could turn to outside sources for food and oil….what’s coming now will make that look like a Sunday picnic.

    No, most people will simply worry a little, and sit on their hands and do nothing. Well, you people are gonna die early. You are those “useless eaters” ( Henry Kissinger ) that the elites let over breed, and now plan to correct their mistake.

    I hope I’m 100% wrong….because life IS good…and I hate to be the guy with the placard “The End Is Near”……but I suspect in my heart of hearts I’m not wrong….and if anything, I’m underestimating how bad it will get.

    OK….off my soap box….I’ve got cows and chickens to feed.

  • sane

    What a bunch of loons!

  • Anna

    As a female, I will add a few things that affect our jobs in the home. Rip up the carpet and put flooring/tile/laminate down for it will be easier to clean and last longer. Get a hand cranked blender and mini washing machine and a close-line for you won’t be able to afford your drier. Build an adobe oven in your backyard. Invest in a solar oven & pot. Get a CB and learn to use it. Get every family member a bike, remember a larger tricycle for the elderly or those who wobble. (it’s also good for carrying groceries)Have extra tire-tubes on hand. Buy floor fans now before they go up in price- you won’t be able to afford the air-conditioning. Have on hand batteries that can be powered by solar. Get a water filter – a good one…and a dehydrator and start storing your dried food NOW. Oh, and get a shotgun. You just may need it.

  • bud

    Guns, Ammo, and a copy of the Mormon directory

  • Sarah

    Re #6 – think carefully about the geographical area you choose to buy in. In the larger sense, you need a decent lot and climate for growing a garden (and re #4, also to raise rabbits and chickens), but also you need to think about transportation and distance from a town. Being able to bike or walk or ride a horse to town is important because there will always be necessities that you cannot provide for yourself (for example, salt for food preservation.) The lone gunman holed up with his piles of canned stew out in the wilderness won’t last for long. Humans have always lived in clans: you will NEED other people. The best place to start from is no more than 10 miles outside of a small-to-mid sized town, one preferably already on a train route.
    And I agree about the guns – however I would stock up on far more hunting ammo than I would pistol.

  • Matt

    11 guns – lots of guns
    12 silver – more upside potential now
    13 God – we are going to need Him

  • Maria

    Has anyone heard of the Fake Food Safety Bill?
    http://www.youtube.com/watch?v=kHUeyD_KCrI&feature=sub
    We need to stop this legislation so we can continue to prepare for the disaster ahead!
    This will stop farmers from storing their seed and spend the small farms right out of business. Small farmers are a most for our survival! Please help to stop this bill!

    Llamas are very good farm animals for pack animals, plowing, wool, milk and meat. It is a good animal to consider and they don’t need a lot of room.

    You can dig a compost to compost meat and human waste if necessary. The center of the compost should be 165 degrees to kill the human disease bacterias. If done correctly there should not be any bug around the compost and you have to rotate the compost to make sure it does compost correctly.

  • Emily

    All the things going in the world have been happening for sometime now, not because Obama was elected. It was happening in the Bush administration, that’s where it started. Obama walked into all this debt when he was elected. Blame the people that spend fortunes buying foreign cars, and products made in china because they are cheaper. If you want to support America, buy american made products and hire american workers and stop being so greedy, while making other countries rich.

  • Benjamen Franklin Jr.

    I also vote for #11. Accumulate physical possession of silver or gold.
    No matter what you spend for it today in USD it will be worth more than any amount of USD after the collapse.

  • http://theeconomiccollapse Ideaman

    I know how you all can save yourselves: raise rats! They breed at an unbelievable rate and some southeast asian breed can grow to two feet!! An unlimited supply of meat that will even eat all the fools that jump off buildings after reading your crap.

  • mbabsit

    11. Learn a trade that can be USED in the coming bad times. There will be a surplus of personnel, such as lawyers, accountants, consultants, and so on. BUT, there is currently a shortage of persons who can fix/maintain things, as well as manufacturing. Right now there is an acute shortage of gunsmiths, as well as locksmiths. There is also a shortage of leatherworkers, those who know how to make quality footgear.

    12. Buy gold and silver. Gold is wealth STORAGE, silver is for trade.

    13. Buy firearms to protect yourself and your family. A good rule of thumb is: .22 rifle for small animals (Ruger 10/22 is ideal), shotgun for home defense, handgun. Firearms should be in MILITARY calibers, because it’s easier to get ammo. For example, the shotgun should be 12 gauge, and the handgun 9mm Parabellum/Luger. You should also have, at MINIMUM, 2,000 shells per weapon.

    14. Buy and read books by Peggy Layton. Layton is the master of home storage, her book, “Home Storage 101″ pays for itself. Layton tells you what to buy and how much. She starts you off planning and buying complete meals for two weeks, then a month, then three, six, and a year.

    15. Buy a years’ worth of food for your pets.

    16. Don’t forget, its “Beans, Bullets, and Band Aids.” Make sure you have enough medical supplies on hand.

  • Mr Carpenter

    Emily, I blame Obama as much as Bush as much as Clinton as much as Bush as much as all the other Presidents and politicians going back about 100 years, to be honest.

    As for buying foreign products, you really have to know what you are looking at.

    For just one example: Out of a 2010 all wheel drive sedan, which of these two cars is American?

    Ford Fusion

    Subaru Legacy

    If you picked the Ford – “bzzzzt” WRONG ANSWER. The Ford is built in Mexico and the Subaru is built in INDIANA.

  • Ohio Loan Officer

    The “Survivalists” got it wrong–

    The trick is not to stock up, arm, and try to be totally self-sufficient. The best plan is to have an organization.

    I read an in-depth article regarding this. There was also a show, “After Armageddon”that dealt with the break-down of society. They stressed the difficulty for one family in maintaining and defending a home by themselves come a collapse of society. Instead, the best plan is to organize a community that can guard, defend, scavange, and work together.
    One lone family, no matter how isolated, no matter how well armed, can fend off a determined horde.

  • Nate

    I don’t think I want to be in the US when TSHTF, or once Obamacare, carbon taxes, pension/IRA seizures and graduated income taxes of 50% or more reduce my standard of living to that of a medeival peasant.

    There are tons of opportunities for an educated or entreprenuerial person in Asia or Latin America. I would rather be part of a rising tide than a sinking ship.

  • Jx

    TnAndy is CORRECT!!! If you are just now getting started it is already too late! Remember, they were two years into the Great Depression before they knew it. What is taking place currently is a slow grind that will get worse and worse. One of the problems in trying to convince people that bad times are upon us is that they can still put gas in their cars and buy beer, milk, bread etc. People are lulled into thinking that “it’s not so bad” because they can still buy “things”. WAKE UP!!!!! This new Depression is not “coming” IT IS HERE NOW!!!
    It will be global and it will be massive! Quit watching Oprah, Glenn Beck, Wolf Blitzer et al… they are just distractions that will occupy your mind with false hopes! Start your food storage, weapons training, clan building etc. and above all PRAY!!!!!!

  • Andrea Fontenot

    It seems to me the crisis we are in began with the decline of the middle class, caused by the US trade and economic policy, and Federal Reserve financial policy (the Fed is NOT accountable to the US public).

    We have lost control of the US government to special interests, primarily large corporations, also NOT accountable to the US public but to their shareholders and overwhelming individual greed.

    These are the underlying causes, aggravated by boom/bust cycles, and federal government overspending, including two unsustainable wars in the Middle East. Both political parties are complicit. A new model is needed for the US if it is to re-surface a stronger nation.

    Overlay onto this the pending global climate change crisis. Check out weather models for your area to get a sense of what you may be in for.

  • Pangea

    The only “scary” thing, are the uninformed posters I read on other blogs, that are still fighting against each other as republicans or democrats. It’s all in print how the majority truely believes one party or the other can is responcible for this mess. Because of this, I am completely convinced we are headed into an economic shattering. The only positive is, maybe the Americans that are left, will join together as “Americans”. Verses separating from each other in another ingnorant battle.

  • Ed

    Gold, Silver, Guns, Ammo & supplies. You gonna need it all. Get it now.

  • pm

    One more – start living with your parents

  • James Madison

    Hope and pray for the best, prepare for the worst.

    For those advising owning gold, if life as we know it does crumble it may very well be illegal to own gold. Just something to consider.

  • Observer

    TO: Goldmember
    Not that I am interested, but for whom are you going to buy a Golden Gun. The Banks will buy a Gamma Ray Burster for themselves.
    TO: B.F. Jr.
    Ag and Au would be of little help for nobody knows how the economic collapse will really look like. Advise 10 is good – A Survival Guide would do better than silver and gold.
    RE: The Article
    Actually I have a question that I cannot restrain myself from asking. If we take a look, for example, at: http://www.usdebtclock.org
    we see that the countries making 75-80 % of the world wealth are bogging into debts. If they are getting poorer, who is getting richer. (I doubt it is Africa and new Zealand).
    Neither Germany with the unprecedented economic growth of 2.5% in the first half of the year, nor Japan and the USA with their measures to reduce the interest rates, not even China (which is also bogging into debts and which is also very strange) could stop for the time being the debt clock.
    What is driving that clock, and where is the engive?!
    Instead of breeding ‘cows & chickens’ maybe some people should analyse the measures how to stop the debt clock (worldwide, for example).
    Regards

  • Karen W Poore

    Something Wicked This Way Comes
    Thanks for responding and the advice. What we need to know is if we walk can the bank go after our Social Security or State Pension monies?

    Our house is worth less than what we owe and every time I look at our bill it just makes me so mad that 99% of the payment is not even going to the house payment but to interest, etc.. We have had the house for ten years. How can they get away with this?

    We feel trapped and cannot afford to sell it for less than what is owed because we would have to make up the difference and that is not possible.

  • Maria

    I agree with TnAndy. America is in for the wake up call of a lifetime.

    I’m a former city girl gone country for the last 4 years. My husband grew up in the country and hunted for survival. Folks, raising animals, gardening, canning, freezing, and all things sustainable living IS ONE TOUGH JOB!…even using modernized equipment. No wonder all of those early settlers at Jamestown became a “lost colony.” In my previous life, buying everything at the stores in town was definitely easier. But this isn’t about making life easy…it’s about simplifying, learning skills, and hopefully surviving the chaos. It takes years to acclimate. We have been stung, kicked, thrown, horn jabbed, and covered in everything from barnyard muck to poison oak…head to toe! Country living is not for the faint of heart.

    Knowing what little I know now, I would not advise a family to run out and buy a farm if they think the worst will be here in a year or two. I personally think people are going to have to band together. The government may try to stop people from growing their own, but more and more small existing farms will become co-ops and CSAs. The future isn’t going to be easy, but working together might be the only means of survival for some.

    Start organizing. Planning now will alleviate a lot of stress later.

    God bless you all,
    Maria from the Shire

  • Jeff

    Self-sufficency is a desirable thing indeed, but you people take this way too far.

    This blog is starting to remind me of poor little Henny Penny “the sky is falling, RUN!”.

  • http://erectuswalksamongstus.com Max Hardwood

    I bought another two cases of 12-gauge shells yesterday at Wally Mart, and they were $3.00 cheaper! This, when hunting season is upon us? I remember reading recently that they had dropped their prices. From $23.99 to $20.99 is a significant savings…..Jump On It!

  • TnAndy

    You may be right Jeff…..and I hope so…because you’re literally betting your life that you are.

  • biff

    Vote ALL out of office…………..

    If we’re going down, go down with a fight.

    Send a huge message to the power elite.

  • sharonsj

    to Karen: you need to talk to a lawyer. I have heard that if you sell a house for less than the mortgage value (a short sale), then you are liable for the difference. Same thing can happen if you walk away and the bank takes the house and sells it–they can still come after you for the difference. I also read that often the bank cannot produce the deed because it has been sliced and diced for one of those wonderful toxic “instruments” Wall Street invented. No deed means they cannot foreclose.

    to TnAndy: I have learned to weave my own cloth from a sheep’s fleece and how to can food. Most people have no clue about how much time and effort these things take. I bet a pioneer probably spent all their waking hours just on food and shelter and keeping warm. It’s a lot easier to buy seconds at the farmers market and to get my clothes at a thrift shop. Oh, and if you have wool blankets and a couple of dogs, staying warm is easy.

  • Something Wicked This Way Comes

    Karen;

    If they agree to a “short sale” then make sure the contract states they cannot come after you for the balance. That once the sale is over, both parties hold the other harmless. If they in fact knew you had a dependable revenue stream, they might very well try to get a judgment for the balance. Or in fact, your original contract may state that you are liable.

    Before considering the short sale, please go talk to an attorney specializing in that area of the law. Make sure he doesn’t represent the bank, if its a local one. Attorneys often refuse to disclose conflicts of interest.

    I haven’t had to short sale a property. And I sure don’t want to make claims that I don’t know the answer to. A realtor friend, an accountant, or other short salers are additional people to talk to before paying for advice.

    Good luck.

  • Rick

    I think we are headed for further economic decline, but some people here are really spooked and scared. I cannot imagine needing a gun or having to stock up on food for a years supply. I am all for making adjustments and preparing sensibly for the future, but I think some are going way overboard. I cannot imagine living with that kind of fear. It must be awful.

  • Not so Mad Max

    May I suggest the Survival Pod cast Jack has a lot of good ideas many of them you can implement quickly, he covers weapons to an extent (With out the gun snobbery you find at some places). Firearms have already been mentioned, learn to use it, shotguns are nice but besides skeet shooting ranges anybody found a shotgun range? I would suggest a handgun and rifle a handgun you can practice on at any range a rifle you can practice at most out door ranges. A weapon is no good if you don’t know how to use it especially in a crisis. In getting a weapon for the love of god DO YOUR RECEARCH!!!!!!

    Many great ideas in the comments.

  • Lennie Pike

    Related to # 10 – getting educated. Just in case of the slim chance anyone visiting this site is “investing” in the stock market, you may want to read a good article about how it has become rigged to steal from gullible trusting investors. http://www.canadafreepress.com/index.php/article/26958

    Also in the article George Soros is mentioned. Another part of becoming educated is being able to identify the people who are major planners of the intentional destruction of the United States. George Soros has his hand on the wheel in many ways. He is an atheist who hates everything the U.S. Constitution represents, and has close ties to or maybe even has control over the bosses of the bankster’s who will soon be going for total world economic control. He is bigtime, in this world at least.

    All of our Constitutional Rights will be gone.

    Everyone should read up on him best they can. He prefers to keep the majority of his activities unknown for good reason. He has the means to control the MSM even though I’m sure they are happy to help.

  • http://hedgethebets.com Anna L.

    > things are fundamentally changing

    This is true in every sense. You can’t buy cheap cars from Asia and then complain that Detroit is a mess. By the way, the Big Three auto makers had it coming.

    > The millions of jobs that the U.S. economy
    > is losing to China, India and dozens of
    > third world nations are not going
    > to come back.

    We had it coming. We put tariffs on sugar cane from third world countries while some of them turned to making electronics. I completely agree with the author of this article in that it’s not over. People slowly begin to realize this:

    Luck favors the prepared.

  • OtownRightGuy

    Jeff,

    The sky is not falling but the economy is.

    Please explain how we are going to recover. Exactly how will jobs come back? Globalism has resulted in millions of jobs disappearing. And many middle class jobs are gone simply due to technology. For instance accounting software and spreadsheets do work that people used to do. The national debt with respect to GDP has passed the point of no return. Taxes and interest rates have no where to go but up which will depress the economy even more. Social(ist) (in)Security and Medicare are massively underfunded and we have barely begun the nightmare that is Obamacare. We have the specter of still more perpetual wars with Iran or N. Korea or even China, if the neocon republicrats and demopublicans have their way. We are either heading for deflation, mass inflation or hyperinflation. Pick your poison.

    Maybe in 20 years, there will be a nanotech revolution that pulls us out of this depression. But by then, someone else, maybe Brazil will be the superpower.

  • Something Wicked This Way Comes

    Three years ago, a huge lie was exposed. That real estate always goes up. Millions of homeowners are stuck with houses that they will never make a profit on. They became renters whether they like it or not.

    Kids hoping for some equity inheritance just got screwed. And the government is waiting, waiting to up the levy rates to get their share.

    I’m not sure it’s sunk in yet with the majority. I think they will hope and pray the market rebounds. They simply can’t accept that they got hosed. Some of the commenters here think this is over done. Nope. In fact they are coming for your SS and Medicare, private pensions are next. They’re going to steal that money too. And all the while, there will be these clowns saying that the rest of us are over reacting. If you are one of those clowns let me give you the three stages of truth.

    First it is ridiculed. Then it is violently opposed. Then it is accepted as self evident. When are you going to catch on?

  • Gary

    There is way too much wealth and income in way too few hands. We can not exist as a country with such gross inequality. Whether or not you like it that is a fact. I advocate taxing the hell out of the rich and corporations and giving workers more power to organize with the employee free choice act.

    Clearly tax cuts for the rich do nothing but give the rich tax cuts. We would be in hog heaven right now if tax cuts for the rich helped the economy in anyway. Heck there is no estate tax this year. If it was ever going to work it would work in spades this year.

    Tax cuts for the rich=tax increases for the poor/working classes. I would even equate it with stealing from the poor to give tax cuts to the rich. Why in Gods name would you cut food stamp aid to the hungry poor so a rich person can buy a fifth house in the Hamptons with their tax cut?

  • Karen W Poore

    Thanks you guys!

    Just as I thought we are stuck with a house that cannot sell for what is owed and we are trapped.

    Karen

  • Rod

    One need only check ou the Gerald Celente Channel on youtube to see how bad things are.

    The whole western world is going to go under for maybe 20 years (figures vary).

    I’ve spent the past 2 years paying off debts, fixing my health problems,learning how to grow food, and stockpiling things that I’ll need when the time comes.
    Don’t waste your money on cars, gold etc as who’s going to buy them when everyone’s unemployed and broke ?

    Best bet as said is to get off the grid, join a group or commune and do it now.

    If people haven’t done all this by now, don’t bother as it’s far too late.

    Tip. Canned food can last for a VERY long time. I recently opened a tin of carrots that were in a cupboard for over 20 years (literally) and even though the water had gone the carrots were moist, looked and smelled perfectly ok. I’ve got a videocam record to prove it.
    I stopped short of eating them but I’m fairly confident they would have been ok.

    Goes to show how long you can store food for.
    ie more than long enough for you to grow your own food to replace the tinned stuff.

  • Boty49

    Do not buy land because it will eventually be confiscated. If you want to know the game plan of the new US Govt. read the 10 planks of the Communist Manifesto. Google it if you have not read it, you will know where our leaders are taking US.

  • Grace Sylke

    Thanks for the great advice about becoming more self sustainable. Great Blog. If you’re really serious about sustainability, especially food sustainability, check out Aquaponics. It’s one of the best ways to grow your own food. Aquaponics is a food-growing technology that cross-links aquaculture (farming fish) with hydroponics (growing vegetables in water rather than soil) in a recirculating water system that uses 90% less water than traditional tillage farming. You provide yourself and your family with both protein, fish, and vegetables using the same water. Lots of info on my website at: http://www.aquaponicsusa.com

  • Joey

    When things go totally south,they’ll make it illegal to use precious metals for barter. Just sayin!

  • TnAndy

    “Why in Gods name would you cut food stamp aid to the hungry poor so a rich person can buy a fifth house in the Hamptons with their tax cut?”

    “From each according to his ability, to each according to his need ” Karl Marx

    Amazing how ingrained Marxism has become.

    We’ve totally lost sight of one of the founding reasons of this country…that all men are created equal….and the implied “and from that point on, the ball is in your court”

    Now, it would read “All Men should be equalized”…..the govt should take from those that have and give to those that don’t.

    Marxism.

    Unfortunately, what works in voluntary charity, doesn’t work as a form of govt….for eventually we ALL go sit under the shade tree and nobody does the plowing.

    We’re fast approaching that point now. Got your lawn chair ready ?

  • Tace

    I’m thinking that the govt. will take over all the land. That they will either displace us, or raise the rent. Now what?

  • TnAndy

    You plan on letting them ?

    The first guy to show up for mine will find it damn expensive….to the point they better have his replacement already hired.

  • Another Opinion

    Preperation for a collapse is important, but don’t forget we’re living through a time when a majority of the population has it pretty easy. ENJOY IT TOO!
    I’m not saying be wasteful, but if tough times are coming then investing in good memories will be well worth it.

  • Eaamon

    move you and your money out of the country..OH!!! sorry it’s too late. after all the US is bankrupt!
    I moved mine out of the country just as soon as Bush got elected. I did not wait…..I’ve been expecting this.
    what I would say from here expect the inflation days of the 1970’s and 80’s to come back.
    those on fixed income like mom and pop-retired of course will be hit the hardest….don’t be surprised when there are more elderly scams. then they will need to be supported by you.
    spend your money before it looses value.

  • Worried

    I’m a recent college grad (2007- right when the economy went to utter shit) and have been recently tuned in to this mess that I fear, is fast approaching. I live in a small city in AZ, rent and drive a small scooter to and from work. Problem is… I don’t make that much money. I have been laid off, and forced to take lower paying jobs with more work just to stay ahead.. how am I supposed to afford all the supplies I need??

    So far, all I have is a bunch of medicine, a hatchet, matches, a K-bar knife, a solid backpack, a 3 season tent, a small radio, iodine tablets(for water), and emergency fire starter, a multi-tool and a few other small things..

    Buying food, a gun (I can afford a pistol .22 caliber), silver, and anything else I might need has been rough. Especially since EVERYTHING costs a lot of my money.

    I’ve tried to come to terms that I might never own a house… or that I might never even have a kid if this actually goes down the way people are describing the situation.

    Worst of all, my parents and girlfriend think I’m totally over-reacting when I talk about this kind of stuff… so everything has been with my own resources..

    I have no debt, but no land. There is water around, but everyone knows where it’s at. Some of you have had years to prepare… you have your own land, guns and a garden. You might even have chickens, cows and pigs and maybe a solar generator too.

    What am I supposed to do??? I have no intention of feeding off other people to survive.. but this is the most costly thing I’ve ever tried to do. Pretty scared we won’t be prepared if SHTF

  • john

    Why would the government take the land; what use would they have for it? And we live in a mixed economy; meaning we have a combination of socialist and capiatlists elements; approximently a 30/70 split. A radical revolution or overhaul would be required for our country to become socialist overnight; a requirement for the government to magically take your land.
    Also purchasing precious metals make no sense; because in an economic crash would lead to government destabilization and societal collapse; meaning how would you know the value of gold; or the person trading with you? It would be completely arbitrary and your gold would be of no practical value.
    It makes more sense to spend the same amount of money on goods that you need and that people will want to trade; guns, food, shelter(tents, et cetra), batteries; things like that. Even ipods lol

  • http://www.GoodLifestyleChoices.com Rick DeNeffe

    Make WELLNESS a personal responsibility. Air, water, food, sleep, and exercise will save you and us from non-productivity and financial ruin. 90% of cancers relate to bad dietary choices. 50% of all American men will have a cancer experience in this lifetime. Seek counsel and quality foods and supplements NOW!

  • PassantGardant

    @Rick: There’s nothing to fear if you’re prepared. But if you stick your head in the sand, prepare to get your ass handed to you.

  • PassantGardant

    @Worried: “I live in a small city in AZ… I don’t make that much money… So far, all I have is a bunch… and a few other small things… Buying food, a gun (I can afford a pistol .22 caliber), silver, and anything else I might need has been rough. Especially since EVERYTHING costs a lot of my money.”

    Firstly, good start on the survival supplies. That’s pretty much last resort stuff — surviving like Les Stroud. But you do want to continue preparing so that you can live with a little more comfort and stability when the SHTF. Definitely having a food stockpile (and other necessities) as well as at least a .22 rifle (e.g. Marlin Papoose — for hunting small game and taking out enemies at longer distance) and pistol (e.g. Walther P22 — for self-defense) are great next steps. The .22 guns can share the same ammo and are cheap. I’d say avoid buying precious metals until you have a comfortable stockpile of necessities first.

    It’s that first sentence which concerns me though. When the SHTF, consider it time traveling to the 1800s. A town in the desert is no place to survive. You need to get yourself and your family to a temperate climate with arable land and plentiful water. Here in PA, you can buy an semi-rural acre with a small house for under $100k. Sounds like a lot of dough if you don’t make any money, but despite #1 above, debt can be a great thing if it buys you a capital asset which produces. The payment on a $100,000 mortgage at 5%, including property tax and PMI, is under $700/mo, which is less than most people pay in rent. But it buys you self-sufficiency if it has its own well and room for a large garden.

    You need to convince your family that it would be a good move. Start slow, using figures that are undeniable. Mention how there have been a lot of droughts and water restrictions lately. Point out the increasing unemployment rate. Talk about how food quality has gone down from factory farming (and food poisoning has gone up) and how nice it would be to have fresh garden food. Ask what they would do if the electric grid failed for an extended period of time, not only if there was hyperinflation, but just because it is old and falling apart. How about if oil prices spiked up (maybe because of inflation or because of a hurricane or maybe a war with Iran) and stores couldn’t afford to truck in food anymore? There are lots of cases for being more self-sufficient. Make all the cases, repeatedly. Then insist that if they’re not coming with you, you’re going anyway but you would prefer if they came too.

    My wife and I decided to leave NJ about eight years ago for these reasons. We bought some land in rural PA near Amish farms and started building a passive solar, off-grid house. I didn’t find a job here for another year and a half, but eventually a job came up at a local university and we made the move. If I didn’t have a good paying job in NJ until then, I would have moved immediately. If nothing else, fast food restaurants are hiring. And living is pretty cheap. I sleep well knowing that I’m 1000% more prepared here than I ever could have been in the NJ suburbs.

    BTW, minimum wage (I just saw a help wanted sign at Wendy’s) would get you around $1260/mo, more than enough for the mortgage quoted above, transportation, food, and extra dough for further preparations. If you have others living with you and also working, it’s that much better. You can also fill your non-employed hours working for yourself. I spent the last five years building my house on every weekend, holiday, and vacation day that I had. Saved me from paying someone else hundreds of thousands of dollars to do the work. And it was tax free.

  • Seemorerocks

    Move yourself and your money out of the country? Please don’t. Stay where you are and fix things there (f you can). The rest of the world has enough of its own problems (that relate back to US imperialism) without an outflux of American refugees.
    I don’t even think about going elsewhere – for God’s sake where would I go?!

  • PassantGardant

    My main contention is with #1. Eliminating debt is not necessarily a good idea. If you can comfortably live debt free, it’s not a bad thing. But if you agree that hyperinflation is coming, nothing could be more advantageous to you than borrowing as much as you can afford to make payments on at a fixed 4-5% interest rate and using the money to buy capital assets and investments that will do well in an inflationary panic. The debt will get wiped out while your capital assets and investments will produce wildly for you.

    The main thing is to steer clear of bad debt, which is borrowing for consumption and at high and variable rates of interest. Good debt is a tool. And if it’s backed up by assets, you know that you’ll always be able to pay it off.

  • FedUp

    How about preparing by canceling current and eliminating future H1 Visas? I think we are the only country in the world that lets people LEGALLY come from other countries and take our jobs. Just try getting a job or work visa in India, Pakistan or China. About 6 yrs back I asked a guy who still worked at IBM “How do I go about getting a position at IBM?”. He said, “Where you born in India?” and when I said “No.” he said, “Then you can’t work at IBM.”. Thank you Bill Clinton. Same story from a former co-worker at the Office of the Courts for the State of NJ. The Pakistanis undercut my rate by 75% back in 2000. Now they are making more than I was when I lost my job and they STILL CAN’T SPEAK English. My friend gives instructions to one who translates to the others. A guy from Holland basically stole my mother’s software company in 2005 – promise of payments for 5 yrs that stopped after 2 yrs (incorporated in The Netherlands and no recourse without tons of cash for an attorney, if then). Me out of work again. Today I joined the ranks of the unemployed – AGAIN. This time I was working as a consultant for a FEDERAL AGENCY. At staff meetings 50% (OR MORE) of the consultants and FEDERAL EMPLOYEES are FOREIGNERS!!! One each from England, China (barely speaks English) and Russia. The rest came from – you guessed it – INDIA. The ones who became citizens are FEDERAL EMPLOYEES. The ones who didn’t are consultants. Following the gov principle of Last In, First Out, I’m out and THEY STILL HAVE JOBS. Sometimes they stand around discussing project related issues in some Indian dialect. I couldn’t believe that I was standing in a government building!!

  • FedUp

    Check out Wikipedia’s write-ups on foreclosures and short sales BEFORE you go down that road. You might end up being held financially responsible for the difference AND lose the house. Follow some of the links. Lots of good info. Also READ your mortgage agreement. Some mortgages are written in a way that allows the lender to TAKE ALL. It is sometimes possible for a lender to seize the property, sell it or not sell it at all and NOT have to give the borrower ANYTHING. (Can be especially true with “Special Owner Financing” arrangements.) On some mortgages, you could have paid back say 80% of the principal and they can sell it and NOT give you back your 80%. Sometimes they can charge YOU their legal fees, and short sales and foreclosures cost them a fortune, and any and all other related fines, taxes, whatever. You could end up owing them MORE than you initially borrowed – and lose the house.

  • andrew

    worried —

    You sound almost exactly like my situation. I am 24, and a recent college grad/ under employed professional. Resources are VERY tight. Likewise, I live in semi-rural suburban southern california. Water is “precious” here too.

    Firstly, everyone’s plans are going to be different. Your limited supplies give you an idea on what you can do. Your preparations should be exactly like mine have. Unable to make solid investments in previous metals, or high end assets, we find ourselves having to equip like rural/ urban survivalists instead.

    Here’s what you need to add to your equipment. A map/compass. A .22 rifle for game, defense. A fishing pole and bait/ tackle. 3 Days of food, 3 gallons of water.

    Your plan is to WALK under cover to a fresh water lake and pitch camp under darkness, under cover upon arrival. Plan for no more than 100 miles of walking. If you are further away than 100 miles, you may consider getting yourself out of that situation. You are too far from fresh water.

    Please maintain good physical fitness. Be light on your feet. Good eating, and no smoking/little drinking. It is easy for us in our generation to self medicate to get away from the realities, but we cannot afford to do so if we want to survive.

    Please maintain an awareness of the big picture around you at all times. Identify what would be “triggering events” for you to bug out. For me, it is food panics/rioting, bank closures and super hyperinflation. If water stays off to the point where we are down to our last 5 gallons I’m bugging out. If cities like LA or SD start rioting I am bugging out. Starting to make a little more sense?

    Not all of us can afford an off the grid home. I WOULD LOVE IT, trust me, but unfortunately we have to make do with less and focus on bodily survival. Survive within the system as long as possible until forced to walk out. I too regret that I haven’t had time to prepare. Should have spent the money we spent on my college on gold/ solar panels/ food/ and ammo. But hindsight is 20/20 isn’t it?

    Good luck my friend.

  • Elk

    For those that say it is too late to get started, I hope that is not the case. There are probably many like me that are just catching on to this phenomenon. What does the paycheck to paycheck guy do? How many out there have family members that are not on board with this idea? I am guessing that a little prepared is better than nothing.

  • GoneWithTheWind

    To worried: Get a job. that should be your priority. Hopefully your degree/collge work was in a field that has a future. Get two jobs if you can. If you have to move to take a job do it. With work and more money anything is possible.

    To seemorerocks: What American imperialism? Did you fail history?

    • Sarah

      Did you seriously just say, “What American imperialism?”

      Really? Perhaps it is you who needs to become familiarized with a lot – a whole lot – of history.

  • Thomas

    I always knew this time would come. By the mid 1960’s I was prepared. Forty some years of living in a cave and eating wheat berries and bugs while the world laughed at me. I was beginning to believe I would die of old age before the inevitable collapse. Praise the Lord! PS If you think things are going to get that bad, stockpile cigarettes. The millions of tobacco fiends out there will gladly trade anything and everything for a smoke.

  • http://annbob@xtra.co.nz bob hughes

    Peak Growth Peak Oil & Other peaks. Governments are worried enough to huddle behind closed doors, away from the press. But not worried enough to tell the people the truth… not just yet Nor worried enough to formulate plans to control price volatilit or worried enough to agitate for more transparent data nor even wo…rried enough to begin planning for a future of relentlessly declining energy.It seems it is up to us View transitiontowns.org.

  • JD

    Karen w poore…. you can walk away very easily. I Did, only thing you have to do is check your state law concerning the reprercussions. in AZ where I used to live the law says that the lender cannot come after me as i was on less than 2.5 acres and it was my primary residence. As with anything please don’t take my word for it and verify with a bankruptcy attorney.

  • Toni Dunham

    My husband and I started 1 year ago. Making the Best of Basics by James Stevens is excellant and will help you start thinking differantly. Learn how to make a solar oven, solar lamps, learn what foods have the highest protine and are not meat, black beans, brown rice, spelt grain. Learn what bulgar is and start using it. Learn how to sprout food ( high nutrition) make flat breads or sourdough, How to use dry milk for other foods, learn to can and secure equipment.Learn how to dehydrate food. Buy honey, it does not spoil. Have adequate off the shelf first aid supplies.Purchase some cast iron pots with at least one lid that can be used over open fire or in fire place, secure down blanket or sleeping bag. Put in a fireplace, upgrade insulation, get rain barrels learn water purification. Move to a more rural area or partner with someone who already lives rural and send them money or supplies to get prepared so you will have a place to go to when the time comes, maybe it will be back home with parents. This will not be a time to be a loner. And don’t leave God out of your plans.

  • James J Buchanan

    It makes sense to look at all scenarios, but not to buy any one of them. The “Great News! scenario” is that the Chinese allow their currency to float a bit, to stave off hyper-inflation and a future shock there, and their economy levels off softly and other Western economies see a rise in exports and job creation. Perhaps this will be supplemented by innovation that creates wealth and jobs — perhaps a clean energy breakthrough that makes solar cell electricity competitive with hydrocarbon resources — oil, gas and coal. This would transform everything overnight.

    But one has to assume that such a breakthrough is still decades away. Instead the world’s dependence on oil will give away the non-OPEC world’s hard-earned wealth to troglodyte cavemen in robes who seek to destroy the rest of the world all while profiting from its dependence on black gold. And, not only will the clash of civilizations heat up, but so will the West’s “Baby Crash” — no babies = no future — as it runs up against the Muslim world’s population explosion … a dynamic where hoards of brainwashed young, impoverished religious radicals will seek their “destiny” by trying to make their system of inequality become the dominant political and religious philosophy around.

    But more than that long-term trend, the trend toward deleveraging and retirement preparation is running right into a potential wealth buzz saw: Housing prices remain unsustainable in economic terms — few have the ability to pay 100% cash for homes, and few can pass the rigors of new lending standards. Even with low interest rates, many people face employment uncertainty and that puts a drag on their willingness to make large debt commitments. This collides with the fact that a lot of homes in the West (the US especially) are underwater, and middle class household balance sheets are a disaster all around the world.

    Worst case: We get a period of deflation that pushes a large chunk of the world’s Middle Class into bankruptcy, and that is then followed by a period of hyper-inflation. This one-two combo would really knock out the heart of Middle Class. And if that happens, what would be left?

    IMHO, current probability of the great scenario? Less than 4% Probability of the worst cast? More than 4% Maybe as high as 16%?

  • Grizzly

    For Worried & others in similar situations, don’t despair! Remember that the most important survival “tool” you have is your mind.
    Educate yourself, go to the library and get books on different things that you can teach yourself, starting with wilderness survival and wild edible foods.
    Get other people to show you how to do things, teach you stuff that is useful,from gardening to food preserving to bike repair to using a boat to emergency first aid to speaking another language. Keep your mind wide open and keep learning.
    Use the Internet to educate youself as well, learn as much as you can about everything that you can imagine will be of use during or after things fall apart.
    There are a lot of free or almost free websites that can teach you a lot. There are also a lot of local courses offered for free or almost free (and often you can talk the teacher into letting you take it for free) by various groups or agencies–learn First Aid from the Red Cross, also check out their Disaster Services department. In other words, make your SELF valuable!!

  • Ted Gray

    I lost my fear of death, I have no fear of starvation or homelessness,

    What should I do?

    • Lee

      live each day as though it is your last !! meet people and make friends

  • Karen W Poore

    Thanks JD.
    I am afraid we do not qualify for bankruptcy and we are pretty well stuck in this house and Austin!
    I guess we are part of the honest,hard working lower middle class who are paying for other’s greed and mistakes!
    Karen

  • David

    There is quite a difference between being prepared and being scared.

    Principles go unchanged regardless of the situation. So know this:

    Knowledge is your greatest tool;

    Fear is your greatest weakness.

    Build from there.

  • Andrew

    @Karen:

    I did this recently and have no regrets:

    1. I started a Nevada-based LLC (taxed as a C-Corp) because they offer privacy (no public record has my name on it, and asset protection (i.e. I “control” any assets in the company’s name, but I do not “own” them, hence they cannot be collected).

    2. My credit was excellent (well over 800). I paid down debt and then rented a nice house for $1500 less per month in cost than my mortaged home. That money is now being saved under my LLC’s name so it cannot be touched, along with retirement funds that are also protected from creditors.

    3. I just moved out and stopped paying my mortgage.

    4. I setup a UPS Store mailbox and have all my mail forwarded there. I have not yet changed my driver’s license to reflect my new address.

    I did this a few months ago and have ZERO regrets. My credit score is still around 650, even with a foreclosure! I also have over $10k in cash savings that would have been sent off to the bank.

    Since the back gets refunded most of the shortfall after the property is sold on the auction block via AIG (OUR taxpayer money), and after finding out that businesses can default on mortgages without any stigma / penalties…I decided to take care of myself and my family first.

    So…plan it, execute it, and don’t respond to them. Change your phone number, address and just disappear. If they did decide to come after you (very unlikely given the number of foreclosures), an asset search would reveal little for them to sieze. Garnishing wages is a long, drawn-out process, that is rarely done now.

    So far…I’ve heard nothing and can now build a nest egg to make sure *I’m* ok instead of a big mega bank.

  • squarepegroundhole

    Great information. I would like to add #11. Get the stomach to act as the founding fathers did. For a people who are free, and who mean to remain so, a well-organized and armed militia is their best security. Thomas Jefferson Start making a list of leaders in your area to visit when the lights go out.

  • jimmy

    SODIS method for water – you just need clear plastic bottles.

    I personally have a van with which to put my supplie sin and i head for the hills to a safe location and setup camp. From there i secure the area and find somewhere solid to stashmy stuff.

    Trust me, think about it, water is the key to all of it. Humanbeings cannot do anything without steady drinking water. Mad max never thought about making sure he knew about solar disinfection as he had a film crew behind him. As long as you have water, you are able to function, and you are able to survive pretty much anything.

    All hail the plastic bottle!!

  • http://www.rampartsilver.com/ 50 Peso Gold

    If history is any indicator, large productive tracts of land will be siezed by the government (think Weimar Republic, Argentina, Zimbabwe)

    Form a coallition with friends and neighbors – stock up on items that can be used for barter

  • Anis Mohiuddin

    I guess another very very important ingredient to keep in mind – health, just stay healthy. Troubles in this area simply multiply.

    This is my experience in India where I stay and practice all of the above to keep going. Life for jobless is very tough here.

  • CKD

    Folks,
    What has happened to us? How did we decline from what was once the strongest nation in the world, to a bunch of whiny, sniveling, snobs and crybabies.

    Want to fix the country? Simple 7 step plan to do so.

    1. Get off your a$$ and stop waiting for someone else to fix your problem. Need money, get a job. Need more money, get a second job.

    2. Tired of giving the government money for nothing? Un-elect the trash, and try and get someone new in there. No one good is running, Run yourself.

    3. Disconnect Cable, internet, Sat Radio, or any other means of getting distractions or news that is disheartening. The gloom and doom news is a self fulfilling prophecy. You keep thinking and acting like the world is turning to crap, and it will do that.

    4. Get rid of the PlayStation, game boy, smart phone, and disconnect from the electronic world. I bet if you do, you have more time for number 1 above. And I bet you lose some of that stress

    5. Do not buy another product made in any other country other than US, Canada, or Mexico. Why in the crap are you folks buying the crap from countries who hope you FAIL? Buy American!

    6. Quit expecting a 10% or better raise every year of your life. Honestly, you don’t deserve it. Ever notice how the cost of things seem to match the average income? You make cars, you get a raise, the price of the car goes up to absorb your raise. Does this seem insane to anyone to think that the raise meant anything?

    7. Shut up. Stop whining. This ain’t Burger King. You don’t always get it your way. You get it Life’s way or you don’t get crap. Quit acting like the kids and act like the people that Americans once were and can be again.

    That’s my opinion. It ought to be yours.

    CKD

  • vincent

    have a way to protect what you have!!!!!!

  • JRG

    I think that everyone needs a plan. I would hit Home Depot or Lowe’s and buy some fruit trees to provide food for your family in the future. Blueberry bushes are a good choice. Raspberries and Blackberries are also good choices for planting. Cherry and Apple trees.

    If this crash lasts a long time, you will benefit from these plants on your land. They will also give you something to barter with or bless others that have nothing.

  • keith

    Americans want low wages, no future retirment, no health insurance. How I can say this is due to most just buy from anywhere and not care as long as it is not their job on the line and very cheap. Like the very high paid union road construction workers here in NJ, that end of day job into a non union and sometimes non american made car. But let a non union guy go on “their” job. So just

  • Seve

    Getting the big picture? NOW? The very rich “Elites” are controlling our US Government, Media, and they are the ones making money with their Global Corporatism. Sorry American citizens, you no longer matter. All the US Gov leaders Congressmen have been bought out. Can not blame on Dems or Repubs, all the same. So Globalization will crush the Middle Class and make America a 3rd world nation…………….eventually. Our infrastructure will slowly crumble because of the jobs here that supported the tax base and society will erode. Us the very poor, jobless masses with no privacy, very controlled and few rights. The few very powerful Global “Elites” will have all the power. A new world order. Obama is just a puppet… as all the ones that come after him.

  • Mr Know It All

    To Karen W Poore:

    So you owe more on the house than it’s worth? As others mentioned, talk to an attorney about whether they can come after you if you walk. Also, get out your mortgage papers and read them if you have a copy. If after all that it appears they can’t come after your paycheck I’d walk. F— the banks and mortgage companines – THEY are a significant part of why we are in this mess due to lending to people who they KNEW could not pay back the loans.

    Consider this: if they can come after your paycheck, find out what price you could realistically expect to get for your home. If the remainder that you owe isn’t too large, maybe you could make the payments on that amount, and work out a payment plan with the bank. Just a thought.

    I would think bankruptcy would get rid of the house debt. I don’t know how it all works – hope I don’t have to find out, but these are scary times.

  • Irene
  • evelyn

    I am amazed that so few of these comments mention the Creator of the universe. With God, all things are possible. Preparations for any sort of disaster should begin with prayers asking the Great Spirit for individual guidance, as everyone’s situation is different and requires a different solution. Faith in God is the greatest survival tool of all.

  • kathleen

    The wealthy global elite has been propagan-dizing Americans in ever loudening volume about how Americnas will have to make do with less. Main took: Disaster-mongering –chicken-littling. It started in the 70’s but did not get serious until the late 90’s. One predicted doomsday crisis & disaster after another. Planet Green & most of the science channels are today’s biggest offenders. All designed to convince you you need less and they need more. All designed to get you to fail to notice our Government has been highjacked by the Central bank and by Global money interests who will create a world of wealthy and poor — like the world just a few hundred years ago. Running for the hills won’t help. Fact of the matter is if things become as dire as predicted, World War is going to determine the winners and losers. Best thing you can do now, besides trim your debt, is take back the American government from the worldwide criminal gangsters.

  • Rick

    Rick are you just plain financially ignorant? The rich are the ones who can afford to invest to provide jobs. I would love to have you tell em something that either business or God did not provide for you. You prattle on with a computer that was built by a business with power that was furnished by corporation with a belly full of food that was produced by a farmer. All of these producers are business and that have a great deal of capitalization behind them. Capital only comes from people with wealth. How many jobs have you created? The government produces nothing but friction and dead weight to business. Keep government small and you will see prosperity bloom. If you tax the people who produce enough then they will no make all the things that you seem to be using. And then YOU will have nothing as you are one of the non producers.

  • B.J.

    Spam,Rice,Beans,canvas,bedroll, & any water source.
    That is all you need if you don’t need medication.
    Find a place to stash & crash!

  • Sharon Baker

    To the young unemployed college graduate or similar. Don’t despair over your lack of time or youth. Surely for everyone like you there are preppers like me who would benefit by teaming up with someone younger and fitter. I am a single mum with a teenage boy away at school. my parents are 70 yrs old. I have the rescources and preps, big house, productive garden and the opportunity to potentially move and go off grid etc, but I just couldn’t manage a property on my own. not will we be able to handle security, although my son and I are learning shooting and I am working on it. Even as one person how can I master all the different areas needed? So work on your knowledge and skills, attitudes and physical health and you will be a valuable part of a team..
    At this stage, we have decided to stay put in a small rural town as the infrastructure I already have and relationships built over ten years means that in all but the most extreme scenarios we can band together and establish a local economy. Some things we can do for ourselves power, water, food, but for security, communications and so on, we will need help from others with more skills and time, land and so on. But my preference would have been to move to a farm if I had a way to do that, such as someone to take care of it while I got out of here, someone to help move and establish more supplies, someone to help day to day. Even if nothing bad happened, it would free us from the rat race, provide us with healthier food and a rewarding lifestyle close to the land.

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