World economic indicators have top bankers, Federal Reserve, IMF, Mortgage Companies and Wall Street wondering if the rug is about to be pulled out from under our feet. The markets and economies around the world are fragile to say the least while other economies have been pulling away from the US Dollar and starting to trade in other currencies instead of the Petro Dollar.
Of course you won’t hear about it in the main stream media and one thing is for sure by the time they informed you with a warning which started a while back it would be too late for anyone to do anything about it.
These indicators project what the economy is doing and it has been slowing down for the last couple of years with businesses closing doors of some of the more recognized brand names like Macy’s, Sears, Walmart, Kmart, Lowes, Mattress Firm, Victoria Secrets, Brookstone, Chipotle, Toy’s R Us, Starbucks and many others without an end in sight and the market indicators are suggesting challenging times ahead.
The job growth despite what Trump has done with bringing jobs back in manufacturing the numbers for November were 155K jobs reported. Farmers have been under a lot of stress with foods coming out of California which supplies over 60% of the market and a host of wild fires disrupting and causing damage.
The truth is that with the amount of Debt all countries have racked up in the last 30+ years it will be impossible to repay and with the real estate market indicating of slow down in the housing sector while the yield inverting from the 2-year paying more than the 5-year yield, the Bitcoin taking a big downward spiral and other worldly events with trade and other affairs are directly impacting an unpredictable outcome.
What does our economic circumstances look like today ?
Remember the 1929 Depression many still remember those days and are seeing similar patterns of The Central Banks and Federal Reserve today which cannot keep the Fiat currency system afloat much longer without continuing to print money or doing something drastic or just simply letting the market crash.
One of the things being considered is a crypto form of money like Bitcoin but Government controlled, to me it seems to be similar to the Fiat system in my opinion. Besides, we are mostly already doing it when we use Credit Cards, Bank Cards, Bitcoin or Online Credit to make purchases where you never see the money.
The only true system that could exist with longevity is a gold or silver backed currency. However, this means that it would be hard to game this system and those few will not be able to continue to steal imaginary money by the trillions.
If crash of this sort were to happen it would basically halt everything from food delivery to supermarkets, no port shipments, no banks opened for business and things would be very different from they are now. Simple things like toilet tissue would be scarce and/or bartered for food or other products you may need.
Important things you need to survive are food, medicinal products and water, besides this you should develop skills you’ve never used like growing your own products naturally without the need of much water, how to do simple electrical jobs, how to do plumbing repairs, and how to protect and repair your shelter.
Sustainability and survival during hard economic times
Life survival is about sustainability and one can not be sustainable without nutrition. And this does not mean meat products since your priority is to feed your family and yourself and your chickens that produce a great source of protein in their eggs and an awesome compost mix for your soil.
If you are totally vegan it will be even easier for you to manage your garden of edible greens, oranges, reds and purples. Potatoes are easy to grow in a nice 3 to 6 inch bed of soil or mulch, carrots, chilies, asparagus, jalapenos, long bean, pumpkin, sweet potatoes, kale, cabbage, lettuce, berries, grapes, strawberries and anything you want to grow in your garden.
If possible it is a great idea to have a well dug up in your back yard to supply you with much-needed water. A good well will be around 100 feet and in some cases even greater than 200 feet to find good fresh water. And, It is a good idea to test the water to make sure that there aren’t any contaminants or bacteria that could harm you.
You can get the water out several ways but you must keep in mind that if you lose power you still need water. First I would recommend you have at least two water tanks about 15 to 20 feet above ground so the water can feed by gravity and two tanks of 500 gallons each can last you for several days. A better way is to have a solar system with back-up batteries to not worry about loosing power.
Another way you could get water out of the well is through a manual old style hand pump they still sell today and work even better than when they first started out. This could also be a back-up method of pumping water if you don’t have solar either.
Water filtration is important to clean water from foreign substances. You could do this by building your own filtering system by using sand, charcoal and gravel. There a lot of great videos on YouTube on how to build your own inexpensively.
Make sure to have a portable outdoor stove or burner using charcoal or firewood works even better to cook your meals.
What other ways can you build a sustainable economic outcome even during difficult times ?
Most people wait until it’s too late because they are either bombarded with distractions in the media, social media outlets or their daily life struggles with job, family and finances. Many will say they can’t invest because their income is less than their expenses.
The other day we were talking about health benefits and insurance then we started talking about 401K’s which one young lady did not know how it worked and how it could benefit her tax advantages and little income diverted from your normal income.
If you have a 401K through your employer in some cases the company will match up to 10% of your contributions. For example, if you contribute 10% of your income the company would contribute up to 10% percent as well. This is Free additional money you can generate and keep for a rainy day or to build your dream home.
The other thing about a 401K is that when you invest 10% of your income you will not see 10% percent come out of your pay because the money comes out before it is taxed therefore you pay less taxes, social security or any other city taxes meaning you get to keep more of your money and you will only see approximately 7% come out of your pay but get 20% of your pay if your employer matches the funds.
Invest in gold and silver preferably in the coins because they can be claimed as collectors items which can be exempt from forfeiture. Another form of precious metals investments is Jewelry, gold and silver jewelry are usually exempt from forfeiture as well during a confiscation. Remember that this is a long term investment and not a quick get rich scheme, it is a back-up plan in case the “shtf”.
Become sustainable and a life survivor with another hard asset, Land…
Land is underestimated as a great asset and resource to have not only for its valuable asset but the security it provides plus its fruitful potential giving you 80% of nutrition needed. The other 20% is water and it is why having a well on your property could be your most valuable asset.
Having land that is owned free and clear allows you to build your home, grow your crops, plus provide shelter for you and your family.
It is recommended that you create a Trust if you don’t already own one and transfer your property to the Trust making you the beneficiary but not the owner making it almost impossible to get your property infringed upon by prowlers.
Build a pond and grow fresh water fish that could act as another source of nutrition as well. Grow as many fruit trees and flowers on your property as possible. Use 4 to 6 inches of mulch initially and cover with a lot of mulch wood chips to maintain moisture and not have to water as often, normally every 5 to 10 days depending on the soil.
If just starting out with new hard soil or solid that has been tiled before then put paper, newspaper, rolls of paper available at almost any hardware stores in the US and lay it on top of the weeds and fill with 4 to 8 inches of mulch and than some mulched wood chips and leave for 6 months and you will have new soil created ready to plant what ever you want.
Tip: One decision to ponder is the location of your land, is near road access, water access and electricity unless you go solar.
Food is a commodity that everyone needs and could possibly be a source of income for you when all the supermarkets are empty if delivery is interrupted. Self-sustainability is more important even than money itself and it is another less expense you have to shoulder.
Local Economic Indicators – These are important indicators!
With continued challenges ahead as world economic indicators show, it is clear that the magnitude of such an event could be catastrophic if proper measures aren’t taken. It is up to each individual to make a responsible choice in any event.
Local economies are showing indications as well when you see big name brand stores closing shop. Some have went online and others are making the transition now before it’s to late. It is evident and sales have been down as well and this winter season will be another indicator.
Take action for you and your family plus enjoy peace and tranquility.
Use information here as advise so please make sure to do your own due diligence. I hope this information helps out and gets you thinking about what things you could do immediately.