I’ve been on the road for most of the last 2 weeks and was fortunate enough to miss out on hearing the news for several days. To start with, my thoughts and prayers go out to everyone effected by the tornadoes and storms in the southern US.
As I got caught up, it has been shocking to see how quickly the economy seems to be unraveling…and bizarre how the media and politicians are trying to create a fantasy land of happy times.
The IMF is saying that Obama’s lack of a credible strategy for getting the US spending in line with tax revenues is likely to undue the entire global economic recovery. Standard & Poor’s has given the US financial health a negative rating and is considering downgrading the rating of our bonds. If our credit rating gets downgraded, the consequences are the same as if your personal credit score gets downgraded… higher interest rates and less negotiating power.
Meanwhile, right now there is enough real estate inventory to satisfy demand for the next 12 months, underwriting is getting more difficult, and banks are being forced to start unloading foreclosures that they’ve been holding on their books to avoid realizing major losses.
Besides that, China keeps warning the US that we MUST get our debt and deficit spending under control and keeps threatening to stop buying US debt. This was a big deal before earthquakes, a tsunami, and nuclear problems crippled one of our other biggest debt buyers, Japan. Since Japan’s increasing challenges since mid-March, it has become even more important that China keep buying US debt.
At the same time, Utah started accepting gold/silver for tax payments without having to pay taxes on the gains. In fact, they’re recognizing gold and silver as an alternative currency to the dollar. 14 other states are considering the same: Colorado, Georgia, Montana, Missouri, Idaho, Indiana, Iowa, New Hampshire, Oklahoma, South Carolina, Tennessee, Vermont, Virginia, and Washington. There are several reasons for this, but one of the biggest ones is a general lack of faith in the monetary policy of the Federal Government and a recognition by individual states that they MUST have an alternative to the dollar to keep commerce running in their state if/when the dollar crashes.
So, China doesn’t have faith in the US monetary policy. The IMF doesn’t have faith in the US monetary policy. OPEC doesn’t have faith in the US monetary policy. S&P doesn’t have faith in the US monetary policy. And 15 individual states don’t have faith in the US monetary policy. These groups span the spectrum of “don’t tread on me” to “one world order”, big government to limited government, and from conservative to liberal. I emphasize this because it’s VERY odd that such different, and in some cases opposed groups, stand united in a belief about ANYTHING.
What’s it all mean?
It’s hard to say exactly, but in general it means that it would be smart to accelerate your preparations for breakdowns in the financial system, breakdowns in the supply chain, and even breakdowns in civil order caused by people who aren’t prepared.
To the extent that you can, keep some cash at home. If nothing else, it will save you ATM fees.
Buy extra of the food you already eat.
At LEAST stock up on REALLY simple food, like Minute Rice, instant oatmeal, and cans of beans, Rotel, and vegetables. They’re not going to win you any awards for nutrition, but they’re cheap to stock up on, easy to prepare, and they’ll give you calories and stick to your tummy. By the way…on the bad nutrition note, I’m a big fan of SPAM and instant potatoes when hiking/camping. It’s a cheap, utilitarian comfort food for me and I suggest you find something similar for yourself.
If you go this route of cheap calories/protein, make sure to plan on a good multi-vitamin, enzymes, and some source of fat.
Make sure you have a minimum of 7 gallons per person/large pet in your household, and more if possible. In most houses, you’ll have 7 gallons per person in your water heater. I cover the proper way to maintain your water heater so the water inside will be drinkable when you need it and how to get it out safely in the SurviveInPlace.com Survival Course.
Get a mechanical (non-electronic) water filter that is rated for viruses. Most aren’t.
Get control of your mind. Start getting disciplined about not “worrying” about anything and only letting your mind linger on problems that you have the ability to change in the immediate future.
Get in shape. Wherever you’re at, fitness wise, get in better shape. It will improve EVERY aspect of your life now, and will allow you to handle stressful situations better.
Consider who you’d let double up with you and who you’d want to double up with if that became a necessity and work on building those relationships.
On the topic of relationships, do whatever you can to strengthen your relationships in your home. Some of the resources we like are FamilyLife.com, FireProofMyMarriage.com, and LoveAndLogic.com. They all have online resources, DVDs, and books. We have gone through almost everything offered on all 3 sites. Next to God, my wife and I consider our relationship with each other and our relationships with our kids to be some of our most precious possessions and invest a lot of time and effort maintaining and improving them.
And, of course, for a comprehensive plan to get you and your family prepared for short, medium, and long term disasters without having to relocate to a fully stocked rural retreat that you may not even have, I want to encourage you to check out the SurviveInPlace.com Survival Course. If you’ve been putting off going through the course, I’d strongly suggest getting started today.
Over the last 2 years, over 10,000 people have gone through the SurviveInPlace.com course and given it incredible reviews. From career Special Operations guys looking for a concise way to transfer a lifetime of skill, knowledge, and experience to loved ones, lifelong preppers looking to verify that they don’t have any gaping holes, to people just waking up to preparedness ranging in age from their 20s to their golden years. The common denominator is that they all see trouble on the horizon and want to take personal responsibility for being able to take care of themselves and those who they love.
As always, being responsible for being prepared means forearming yourself with knowledge and taking action on what you learn. That’s why I tell you about what I’ve learned and what I’m doing. It’s also why I seek out and recommend other resources as well.
In case you missed this last week, I shared a timely disaster preparedness resource from my friends over at PersonalLiberty.com, where I am a regular contributor. It’s well worth your time…
Disaster Preparedness Equals Self-Reliance… Be Ready to Go No Matter the Situation!
Natural and man-made disasters are becoming increasingly common—the recent earthquake and tsunami in Japan prove disaster can strike swiftly and with little warning. Every year tens of thousands die and hundreds of millions worldwide are driven from their homes. If it happens to you will you know what to do… let alone have the necessary supplies on hand to make it through?
To make sure you’re prepared, I’ve just put the finishing touches on a brand new disaster preparedness and first aid manual that could be a life-saver for you and your family. It’s called In Case of Emergency, and it’s chock-full of proven survival strategies, disaster preparedness techniques and the very best First Aid information for any and every type of disaster situation you might face.
Don’t rely on the government cavalry to rescue you… take matters into your own hands. Click Here to get your very own copy today plus get a special free gift!
Now is the time to take steps to be prepared. Even if you take baby steps or one step at a time, take the next step today.
That’s all for this week’s edition of the Urban Survival Newsletter… see you next time.