How can you prepare for economic collapse?
Even if a currency reevaluation occurs, you likely won’t notice anything different right away. You may find that you still have a job, the stores are still open and you can still take money out of your bank. But if the debt is called in or something else rocks the financial markets, we can expect a huge spike in the cost of goods. If the price of groceries doubles, what would you do?
Here are my personal priorities for getting ready for economic collapse:
In Argentina and other areas affected by high inflation, food shortages were and are still common and even when they had food, people couldn’t afford what they once were able to buy. Besides our mortgage, food is the second highest monthly bill we have. Along with my current preparations if I read in the news about any capital controls or currency reevaluations, my first stop is the local big box store for as many 50LB bags of rice, beans, seasonings like Salt, Pepper and Cayenne, Bouillon cubes, paper plates and cups and toilet paper as I can carry in a few trips. Why these items? These last a very long time and can feed you for a long time. Paper supplies can be burned if needed instead of trying to worry about using water to wash/flush. Why don’t I have them already? Space. I don’t have it right now but I would make space if I needed to.
Why isn’t water my first priority? Only because I have some redundancy already built-in but it is something I am going to redouble my efforts at. For starters I am going to acquire two supplies to pull water out of our well that could help in a couple of other ways. I am getting a manual hand pump since our well isn’t too deep, upgrading the water rain barrels to something with a higher capacity like a 530 Gallon Slimline Rain tank. I will be adding backup Berkey Filters for in home water filtration capacity. With rainwater, local (nearby) sources of water and plenty of ability to filter water we should be set. Not having access to clean drinking water is an easy way to catch diseases and happens very frequently in poor countries or those affected by disaster.
This is a broad topic and for the purposes of this article I am focusing on our house and specifically making it more secure. Plywood sheeting to board up doors and windows, heavy chains to secure items, tarps, brackets to make improvisational door barricades and hand tools for the ability to work without power.