There is a tremendous amount of “Internet Buzz” about the month of September 2015.
The only rational reason I’ve found so far is the Chinese crash. This, indeed, may have an immediate impact on the dollar, since most of our debt is owned by China.
China’s economic troubles, now dragging down its manufacturing sector, carry a major risk of spilling over into western markets, and the Federal Reserve has all but admitted that it is has run out of ammo to artificially prop up the U.S. market. QE3 has failed, and the negative effects of a zero interest rate are reaching a tipping point. Meanwhile, the currency wars are heating up across the globe. (Source)
The thing about China is that it’s BIG!
“China has 1.5 B people, 50% of whom make up the work force, 10% unemployment equals 75 MM hungry, pissed off people.” (Source – Hugh Janus)
If China falls it falls hard!
As I’ve said in a recent article, there is a chance that the US debt balloon bursts this year, flushing the dollar down the toilet.
So don’t be totally surprised if one day a bread costs $40 and all your money will go into buying food, preventing you from paying your credits, bills or rent.
I admit this possibility, but personally I don’t think that we’ll witness this collapse in September. However if the SHTF does go down, here are a few actions you can plan on taking.
1. Redistribute Your Money
If all of your money is in one single bank account, you might end up with none if the bank goes bankrupt. Withdrew a large part of your money and move them into different bank account (other banks). Keep part of them in cash and part of them invest it (buy) in something that doesn’t lose value.
2. Buy Something That Doesn’t Lose Value
Gold doesn’t lose value as normal currency does. In fact in an economic crisis it can gain value. In 2008-2009 at the height of the financial crisis, gold demand was so great that the national mints could not keep up with it. The flow of historic gold coins from Europe was also insufficient to meet accelerating demand both there and in the United States. And when the demand is high and the offer is limited… guess what? Yes… the price will rise!
No matter if you own a business (and have large stocks) or simply if you have something in the house you no longer need and want to sell on the internet. Now it’s the time. Because after the economy collapses you won’t be able to sell anything, or if you do, you’ll get a percent of the price. Make a discount just to be sure you can sell fast and easy.
4. Consolidate Your J0b Position
You know better what this means to you. It can be: settling a dispute with your boss, colleagues, or doing a job you previously postponed for days, or inviting your boss for dinner (Hope this doesn’t mean you have to kiss some a$$). When that person who makes the decisions has to fire some staff, just make sure the rational and emotional arguments are on your side. You know better what and how to do. Be smart, not vain!
If you own a business or you are your own manager then consolidate the business! This can mean renegotiating contracts with providers or making new partners.
5. Get Out Of Debt
If you are in debt you will be very vulnerable if the economy collapses. If you lose your job and you’ll be unable to pay your credits, you may end up on the streets. You do not want to be a slave to debt when the next wave of the economic collapse strikes. If you have to sell one of your cars just to pay your debt, then do before the day the economy collapses.
Related: Do You Make These Fatal Mistakes In A Crisis? (Video)
6. Re-plan Your Future Investments
I know a few people who lost a lot of money back in 2008. Some invested huge amounts in businesses that were supposed to work big time, but instead they end up with a worthless investment. So if you plan on investing in something (like a house, a market house, etc) it’s better to wait or buy small.
7. Cut off Expenses
“A lot of people claim that they can’t put any money toward prepping, but the truth is that we all have room to reduce our expenses. We all spend money on things that we do not really need. Those that are “lean and mean” will tend to do much better during the times that are coming.” – Michael Snyder (Source)
Re-negotiate your phone, cable or internet subscriptions. Anything that can be reduced without affecting your survivability.
8. Make a Back-up Plan
Well, in case nothing works, and everything collapses you should have a prepared plan like a bug out location where you can grow your own food and live without much outside help. Not completely isolated, since you’ll have better chances of surviving in a community (see –30 Lost Survival Ways from 1880). Whether it is your family, your friends or a group of people that you know, make sure that you have some people that you can rely on.
9. Secure Your Home against Looters (in the first two weeks)
OCOKA is a military term that stands for:
– Observation and fields of fire
– Cover and Concealment
– Key Terrain
– Avenues of Approach
When setting up home defenses OCOKA should always be kept in mind and each principle addressed. Read more: What a Prepper Should Do Around the House
10. Providing Food for Your Family
Make time, go to the closest supermarket and buy some long term emergency foods or simple: white rice, grains, canned foods, etc (20 Foods that Will Outlast You). Without food you are not going to survive. More so, just like gold – food is one of the best currencies in a crisis, and unless it spoils you have absolutely nothing to lose. People will trade ANYTHING for food.
During famines people ate a lot of “nasty” stuff, and even resorting to cannibalism (no kidding – a lot of times). So don’t forget this step. If we face the worst case scenario, this is your last resort.
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