10 Things to Do on the Day The Economy Collapses

C. Davis
By C. Davis March 1, 2015 15:09

10 Things to Do on the Day The Economy Collapses

“Most of us are so used to running out to the supermarket or to Wal-Mart for whatever we need that we never even stop to consider what would happen if suddenly we were not able to do that. Already the U.S. economy is starting to stumble about like a drunken frat boy. All it would take for the entire U.S. to resemble New Orleans after Hurricane Katrina would be for a major war, a terror attack, a deadly pandemic or a massive natural disaster to strike at just the right time and push the teetering U.S. economy over the edge.” – Steve Quayle (Source)

Plus the current debt ($18 Trillion) is nearly as much as the country produces in a whole year. In the short run, the economy and voters benefit from deficit spending. In the long run, a growing Federal debt is like driving with the emergency brake on, further slowing the U.S. economy. At any point, debt holders could demand larger interest payments to compensate for what they perceive as an increasing risk they won’t be repaid. When this happens, the United States will have to pay exorbitant amounts just for the interest.

So don’t be totally surprised if one day you hear it on the news, and the next week you’ll lose your job or you can’t sell anything or you go to the store just to find out that bread costs $40 and all your money will go into buying food, preventing you from paying you credits, bills or rent (this happened a few times – see Irish Famine – Ingenious Foods People Made During Famines).

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. The day the economy collapses, go to the bank and 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 devalue (2).

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!

So buying gold the day the economy collapses may not only assure you won’t lose money, but also gain value.

3. Sell

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 a week 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 Job 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 on in the day the economy collapses.

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

– Obstacles

– Key Terrain

– Avenues of Approach

When setting up home defenses OCOKA should always be kept in mind and each principle addressed. Following these five key principles, you will greatly improve your security and survivability. This is one of the things that I’ve learned from a well-known army officer vet Steve Walker, for whom I have all the respect in the world. Watch his video and learn quite a few efficient and unconventional fast-tips about protecting your family in time of war or social chaos.

10. Providing Food for Your Family

The day the economy collapses, make time, go to the closest supermarket and buy some long term emergency foods or simple: white rice, grains, canned foods, etc. 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).

Yang Jisheng (China Famine – Survivor)

“People ate corpses and fought for the bodies. In Gansu they killed outsiders; people told me strangers passed through and they killed and ate them. And they ate their own children. Terrible. Too terrible.” (Source – The Guardian)

And don’t think that this can’t happen in US. People die of hunger every day. More so, no country has the economic power to save 320 million people in case SHTF.

Preparing for an economic collapse or food crisis means preparing for at least one year. But crisis may last up to 7 years and it can be wiser to have the means to produce your own food rather than stockpiling. One of the best ways to do that is by building a system totally independent from the environment.

And this CAN be done.

I have something you need to watch. It’s much better than I am at explaining the threat. Watch it and learn why you need your own sustainable food source and how you can build your own ecosystem capable of producing food in any crisis.

You may also like:

Ingenious Foods People Made During Famines

EMP survival and preparedness guide (Video)

Turning Flour into Hardtack Biscuits With Over 100 Year Shelf Life

What’s the #1 Killer In Any Crisis?

7 Actions to Take Immediately Following an EMP Strike

C. Davis
By C. Davis March 1, 2015 15:09
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  1. DocOutlands March 1, 19:37

    I don’t think the Argentines had a lot of time to withdraw their cash on the day their economy collapsed. ALL these steps should be started well in advance of a collapse of any sort. That way, your neighbors won’t see you breaking your pattern. That way, you won’t be exposing yourself and your family to panicky unprepared people who all wait until “the day of” to try and take these steps. That way, you’ll be thinking clearly and be able to analyze the moves you should be making…

    Reply to this comment
  2. jedi March 24, 11:07

    Going to a supermarket after an. Economic collapse is not right. It be the worst black friday ever i think people would die fighting over loaf bread. Get food before collapse.

    Reply to this comment
    • Omega 13 October 23, 20:33

      Back in 1983, Hurricane Alicia hit Texas with little warning. Since it was a “quiet” hurricane season and we hadn’t had one in years, few prepared for it. I remember driving my mother to a grocery store to pick up supplies. I did see two women fighting over a last loaf of bread. Pepperidge Farm, one of those teeny little loaves you’d make cucumber or paté sandwiches with.

      We found supplies at a liquor store. Canned food, soda, booze, crackers. After a few days I was sick of caviar and stilton cheese.

      Since then I had always prepped for hurricanes, and now I’ve done far more.

      Those two ladies fighting over bread stuck in my head.

      Reply to this comment
  3. Dick March 29, 00:17

    What would be wiser? To payoff your mortgage when the shtf and not have the debt? Or to pay off your mortgage with dollars that are worth less according to the term of your mortgage? Assuming that there is no interest rate escalation clause on the debt.

    Reply to this comment
    • shadows_edge February 6, 02:25

      If you have a fixed rate your interest shouldn’t change so i would focus on the credit cards or other debts of that sort

      Reply to this comment
      • okey September 11, 14:37

        well if the crap hits the fan that bad i’ll keep my money and the credit card people can turn me over to a collection agency cause they ain’t getting paid to the crisis is over the best thing to do if you can is never use or have credit card and or get in debt to start with

        Reply to this comment
    • Julie January 17, 04:51

      In my opinion, if it is within reach to pay off your mortgage, then it would be better to do that than pay off unsecured credit. If you can’t pay your mortgage after the economy crashes and you lose your job, the bank can foreclose on your house. Credit card lenders may be unhappy, but they can’t normally force the sale of your house.

      Reply to this comment
    • MaryBeth November 10, 19:25

      When the SHTF event happens, it will not just be you. Do not worry about your debt. After the 2008 collapse (a relatively mild event) it took banks up to 10 years to complete foreclosures and banks really did try to work with people. Also, if there are no stores and no supplies, who cares about your credit score. You will have to realign your priorities quickly. Get cash, gold and other sellable items. Worry about feeding your family. If we have an economic collapse, and not an EMP the country will recover in 1 to 2 years. Focus on what you need to do in that time. Start now laying in basic food and “money” needs.

      Reply to this comment
  4. JoeBlow April 28, 16:37

    You won’t be able to do any of those things if you wait until “the day of the collapse.”

    Reply to this comment
    • Ms. Bee-Tree July 19, 15:51

      It seems like some people are discussing multiple events. The article referred to economic collapse not an EMP or SHTF event. Completely different scenarios calling for different actions.

      Reply to this comment
  5. Every Dickhead August 17, 03:53

    Don’t forget to call your broker and scoop up all the put options you can. Might as well make a killing while the ship goes down, huh? Am I right, or am I right?

    Reply to this comment
    • Wapitiman January 21, 14:12

      Yep! Nothing is as soul-satisfying as taking advantage of other people’s hard times.

      This gives new meaning to Jesus’ admonition to “Love one’s neighbor as oneself!”

      Reply to this comment
  6. IAMDLOGAN October 13, 21:42

    Really! Where do you folks come from? You write things on the net that you fully do not understand…NONE of the things that you have written should be tried on the DAY OF COLLAPSE. If you have not already accomplished these things…please, get a 6 pack of something, a big bag a chips, and maybe a pizza from the freezer, turn on the TV and sit back and watch what is coming to YOUR neighborhood soon. Leaving your home and going into TSHHTF is the most stupid thing I have ever heard. Wait, you did say Re plan your investments… I agree… on the day of collapse you should sit quietly and re plan you now nonexistent portfolio.

    Reply to this comment
    • JJ February 2, 20:35

      Thank you for exposing many advisers that don’t know s**t about collapse.
      Go get food???? If you don’t have food and supplies for years–not months–you have had your head up your ass.

      Reply to this comment
  7. Linda S. February 8, 21:24

    I don’t understand taking your money out of one bank & distributing into several others. I never leave any money in the bank except enough for the 2 bills that I can only pay by automatic withdrawal. For however long we can still use cash I will do just that. And yes, prep every day!

    Reply to this comment
  8. Harry Merkin April 29, 05:10

    Is this becoming a parody site?
    Who writes this drivel?

    On the day of the collapse, you can TRY to get as much of your money out of the bank as possible. If it’s safe, go to the store and buy as much non perishable food as you can. Gather trusted family and friends together and get ready to protect from looters.

    Portfolio? Really?

    Buy Gold? Should be tasty to eat.

    Get out of debt? With what job? Have you seen Venezuela?

    I won’t even address the rest. Google “Walmart cleaned out in hours”

    If SHTF and everyone knows (and they will) it will be a matter of DAYS before all the weirdos, criminals and gangs start Nutting out. You need to pay off debt NOW. You need to prep NOW. There is truth at the beginning of this article. We have a debt that WILL NEVER be repaid because the morons in Washington don’t know how to stop spending. It’s not a matter of if, but WHEN.

    Reply to this comment
    • Hello World March 15, 15:33

      Well now has happened. How are all of u doing this far??? It’s winter still here and do growing food outside is a no go for at least 3 more weeks.

      Got some cash, silver, guns … got 2 months worth of food for a family of 4. My husband still has a job and works remotely in IT…
      He doesn’t think it’s as bad until yesterday when I told him to go get groceries. Shits almost gone. He realized at that moment. Still didn’t get $$$ out. I’m over 40 and we live in a home that’s on 2.5 acres, we are pretty prepped. However I’m worried I will get the virus. My immune system sucks.

      However, I Own a 105 yr old stove with a gas and wood ability. Keeps our home warm and can cook w/o electrical. Have our own well and propane tank. Guns, ammo, meds . I’ve been a prepper even when I lived in the city

      got this place when I had heard rumors of an economic bubble collapse happening in 2020 or 2022..
      Only 8 neighbors on our road and all live within their means and are survivors for most part. Only thing killing us right now is debts. Got 3 yrs before were outta debt. But could make min. Payments if I had too.

      How’s everyone else faring??

      Reply to this comment
    • okey September 11, 14:42

      well if the crap hits the fan that bad i’ll keep my money and the credit card people can turn me over to a collection agency cause they ain’t getting paid to the crisis is over the best thing to do if you can is never use or have credit card and or get in debt to start with

      Reply to this comment
    • Govtgirl November 10, 16:44

      I realize that the Prep Now message cannot be said too often. However, you and others who ridicule suggestions, should back off. These are merely possible responses. They may work in some areas and not others. Perhaps the gold suggestion is a little far-fetched and we should be focusing on more basic things, but in certain economic hiccups, it might be brilliant. And if it’s temporary, put options might be brilliant.
      I think it is important to try to think clearly about things.

      I had a friend who owned a little house and had a modest clerical job. Somehow she got the idea to buy a vending machine thinking it would supplement her upcoming retirement. She borrowed money on her house to do so. It was a disaster. She could not fix it, when the novelty wore off at one store, she had to find another store that would take it and pay to have someone move it. Big fail.
      Know another person who heard someone mention a stock that sounded good. Bought a bunch in retirement and lost much of his nestegg.
      Just prep and try not to do anything stupid.

      Reply to this comment
  9. Dave August 4, 17:03

    If economic collapse (within two hours) then purchase items on line with credit cards. Items to include wood burning stove, solar panel system, food, bicycles and other needed items.

    Ensure delivery date is within four days…you may get lucky should others delay actions or system delays.

    If system does not fail then can pay off credit cards on your time table and be better prepped when it will happen.


    Reply to this comment
    • Jan Bo April 23, 00:33

      The idea of Amazoning a bunch of stuff to be delivered is brilliant!!!!
      Our Amazon warehouse is a few miles away and we often get things the next day.
      Best idea I have seen in two years.

      Reply to this comment
  10. Littlebit September 15, 17:55

    Pay your credit cards. Why? The court system will not be working after an EMP. It is all run on computers as is the CC. There will probably be no one working for the CC company as they cannot pay them. There will probably be no one working for the courts. Same reason. They would have to get to your area to file if they could file. Get your house paid for, one car paid for and hunker down.

    Reply to this comment
  11. lucybird October 25, 12:00

    1-6 are crocks of crap if economy crashes you wont have time to do those things and telling someone to move their money to another bank is pure stupidity it will all be gone before you could do anything about it

    Reply to this comment
    • Scrot November 13, 22:31

      Agreed… Nonsense!

      Reply to this comment
    • Dan March 21, 12:16

      Agreed. It is already too late for most of those things as you already see in most stores. Even Amazon and the delivery services may stop if things get really bad.
      CC are unsecured debt, so that would be the only debt to dump.
      Mortgages are far more important, and not something to dump.
      Even gold and silver now have ridiculous premiums and spreads, so you will pay dearly for them now.
      A few months ago the premium on silver was 50-60 cents per oz. Now they are $3.50-3.60 per oz, 6-7 times higher.
      The only way to redistribute bank cash is to withdraw as much of it as possible before you can’t get it any more.
      Just moving it to another bank or account is useless.
      Convert it into gold and silver if that works for you.
      There will be withdrawal limits, just like in Greece, so learn from them.

      Reply to this comment
  12. Scrot November 13, 22:30

    Nonsense… buy gold NOW, while the dollar still has some purchasing power… if you wait, your finances will be no better than nothing. Wermacht Republic, Zimbabwe, Argentina, etc.

    Reply to this comment
  13. ZimbabweDollars November 5, 09:17

    Sell? Are you insane? Just stop and think for 10 seconds. If today I have something worth $1,000 (~17,000 pesos) and tomorrow hyperinflation craters the USD by a factor of 1,000, whatever I have on hand is now worth $1,000,000 (17,000,000 pesos). If I sell day 1, I have $1,000 (1/17)

    Reply to this comment
  14. Lee August 12, 22:24

    Banks won’t likely be open the day SHTF. Those people will be out like everyone else trying to buy groceries and other supplies. I think you’ll find the banks doors locked.

    Reply to this comment
  15. LadyVal June 7, 18:09

    I would like to ad who is going to come take your home if the SHTF if you don’t pay your mortgage? Everyone will be in survival mood. No one to take anything except the crooks, gangs, etc.

    Reply to this comment
  16. MaryBeth November 10, 19:34

    Bill Bonner has a great book “When the ATM’s go Dark.” It is a great read. He has long believed that our nat6ions overwhelming debt will lead to an economic SHTF scenario, which he lays out and helps plan for. It really dovetails nicely many of the prepping ideas I have found on this website. A new Great Depression is going to come faster than a solar EMP event (I hope!!!) Like all of your other prepping this is about thoughtful planning and consistent carry through. But start preparing now. Our national debt is $22Trillion, and the only way to get control of that is either lowering interest rates (which are already zero) or shockingly high inflation followed by currency devaluation.

    Banks and financial institutions have long made money by assuming that the American people will sacrifice to pay off their debt because we see debt repayment as a moral imperative. In 2009, 2010 and 2011 how many corporations stopped paying debt, however? It was seen as a sound business move. Your moral responsibility is to you family, friends and community FIRST.

    Reply to this comment
  17. James November 12, 16:13

    Do what you need to do Now before it’s to late!

    Reply to this comment
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