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TEN ITEMS YOU MUST
HAVE IN TIMES OF
FINANCIAL COLLAPSE
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Consider the following scenarios: A financial meltdown
where banks shut their doors. A terror attack on the power
grid leaves ATMs frozen and nation-wide blackouts. A
natural disaster like Hurricane Katrina causes. Riots and
chaos. Would you know what to do? What if it takes days, or
even weeks, for rescue agencies to reach you?
As the saying goes: hope for the best, but prepare for the worst.
It’s worth taking time to consider how you’ll protect your family and property in case of a serious disaster or financial collapse. Because as we’ve seen over and over, if you sit around and wait for the government to come to your aid, you’ll be waiting a long time.
Here are the TEN THINGS you need if you want to sleep easy, knowing your family will be safe:
1. Family emergency plan
Have a family plan and talk to your spouse and children about what you will do if disaster hits. Have plans in place for what to do if you’re at school or work, and how to help your pets. Agree on a meeting place where you can assemble if you’re separated, and pick an out-of-town emergency contact. All family members should memorize the contact’s phone number, and call to check in if you are separated. Everyone needs to be clear on what the plan is, so they can act immediately in times of crisis. It’s also smart to carry your emergency contact details in your wallet. Take time to consider all possible scenarios, and work out a Plan B, so you don’t react emotionally. What if someone breaks into your home? Or a sick, pregnant neighbor comes to you for help? Having a plan in place will prevent you from acting impulsively, when you are likely to make mistakes.
2. A disaster kit
Have a family plan and talk to your spouse and children about what you will do if disaster hits. Have plans in place for what to do if you’re at school or work, and how to help your pets. Agree on a meeting place where you can assemble if you’re separated, and pick an out-of-town emergency contact. All family members should memorize the contact’s phone number, and call to check in if you are separated. Everyone needs to be clear on what the plan is, so they can act immediately in times of crisis. It’s also smart to carry your emergency contact details in your wallet. Take time to consider all possible scenarios, and work out a Plan B, so you don’t react emotionally. What if someone breaks into your home? Or a sick, pregnant neighbor comes to you for help? Having a plan in place will prevent you from acting impulsively, when you are likely to make mistakes.
3. Medical supplies
A first aid kit is essential, as are a supply of your medications and a first aid guide. Don’t leave your prescriptions until the last minute, so you always have medications on hand to last you at least a few days. You may want to keep an extra pair of glasses in your kit if necessary. At least one person in your home should be trained in CPR.
4. Guns and ammunition
You’ll need a gun to protect your family, your home or your business in case of looting or riots. Be sure to have plenty of ammunition stocked. Ammo can also be useful to barter for supplies.
5. Food & Water
The government recommends having 72 hours of food and water supplies, but you may be on your own for longer. Stock up on non-perishable, dried foods. If you have room, why not have a few months of food stored? That way, you can assist your community for those neighbor and friends who have not planned as well. Pick foods with a low salt content, so you drink less water, and don’t forget
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Most essential of all is water. Humans can survive for long periods without food, but only a few days without water. Have at least a few days’ supply of bottled water for each family member and pets.
6. Items to Barter
Gold or silver coins, cigarettes, coffee, toiletries like floss and shampoo, spices,
candy, batteries, tools, alcohol and other items can be used for barter in case of financial collapse or if cash becomes scarce or even worthless.
7. Paper records of your finances
If power or the internet goes down for days on end and ATMs freeze, you’ll need to have paper copies of all your investments and financial statements. Having clear proof of ownership and documentation of your assets will help you get back on track when the systems are restored. Keep your paper financial records in a waterproof, portable container, and don’t forget copies of insurance or proof of identification.
8. Radio
Communication is essential in times of crisis, and a radio can be a lifeline to the outside world. Have plenty of batteries, or buy a solar or crank-powered radio so you can keep up to date on developments and any Presidential
announcements about the situation. You can also sign up for text message alerts, but if those are down, a radio will be your best bet for staying informed and make decisions as events unfold.
9. Backup Generator
Have a plan on how you can keep power and hot water going in case of a full scale power grid outage. A hot shower or warm cup of coffee will be worth it. Ideally, buy a gas generator, or at least have extra wood or a spare propane tank. Be sure to run your generator outside and away from windows or doors, so as not to risk toxic carbon monoxide.
10. Physical gold
You should have physical gold and silver, either coin or bullion, to protect yourself against economic collapse or as a portable way to move your wealth if your family has to flee or evacuate. Gold has the advantage of being easily portable and you’ll be able to barter coins or precious metals anywhere in the world. It will be of extreme value should the financial system collapse and a new currency or monetary system be implemented. Have cash too, but be aware that in times of true emergency, gold may be more useful.
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