![]() This would be a good time to take it to the next level by reducing your expenditures even further by lessening your reliance on debt, utilities, and non-essentials. Simplify your finances – This is a measure many Americans have already taken as a result of the financial meltdown of 2008. Here are some steps you can take now to prepare for financial survival: This will likely result in skyrocketing interest rates and very possibly, hyperinflation. If our monetary system does survive, you can expect the government to crank up the printing press to try to keep enough dollars circulating to stave off a collapse. The more you can prepare the more you will be in control when the walls of society begin to crumble. Gold will likely be a primary store of value, but commodities that can be utilized for food production and fuel for generators and transportation will be much more in demand.Ī post-doomsday environment will be fraught with a volatile mix of uncertainty and chaos, which will, hopefully, subside over time as people settle into their new reality. ![]() Any scenario that could lead to a breakdown of laws or government systems, would likely devalue paper currency in favor of a barter system. Money is a government-based currency that only exists because the government exists. What about Financial Survival for Doomsday Preppers?Ī question that is often asked of preppers is what steps do you need to take financially to ensure your money and assets will be there for you in this new world? The Doomsday Preppers might laugh at that, because, frankly, in any one of the aforementioned scenarios, money-as-we-know-it is likely to come to an end. Much of the show is devoted to survivalist prepping which can be very extensive, involving “bugging out” plans, fortifying the home defenses, building shelters and sustainable gardens, weaponry, all the way to toilet paper substitutes out in the wild. But what the Doomsday Preppers are preparing for is a new civilization, with new rules, new threats, and a new government – pretty much a new way of life. Pick your own doomsday scenario and then look the other way if you so choose. Some economists believe it is just a matter of time for the U.S. Hyperinflation has led to the financial and societal collapse of many countries in recent times, such as Germany, Russia, Hungary, Argentina and Yugoslavia. dollar by countries and our own citizens, when it is found that it has little or no value. Hyperinflation results from a complete loss of confidence in the U.S.
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