A relevant article for a relevant time.If the economy of the country is about to collapse, you'll need to be able to identify when the economy is collapsing and your plan to survive it.
Identifying a Collapsing Economy
Before you can survive a collapsing economy, you must first identify the collapsing economy. It is not always obvious, but there are a few key signs you can look for.
1. Stock prices going down.
Over the years many people have found that the economy of the United States is not only very weak, but always on the very brink of disaster. One way of determining if the economy is going down is if your favorite stock prices are going down. For example, stock prices for retail stores go up a certain amount for each customer that enters the store each day. If you see the stock price of a retail store go down, then you can be sure that they are losing customers left and right because people are buying less. If people are buying less, that means they have less money, if people have less money then that means the retail stores have less money to buy stock, less stock means even fewer customers will go to a store; eventually the stores will be unable to buy any more stock and will be forced to go out of business. The same is true for every business, oil prices go up based on the amount of oil obtained each day, gold goes up based on the amount of gold dug up, etc. etc. etc; you get the idea. If you ever see a stock going down, then that means the business is going into a death spiral that it can not escape from, and it will take the economy with it.2. People withdrawing large amounts of money from banks.
Despite claims to the contrary, no news service has ever suggested anybody should remove their money from a failing bank. Not only does it make no sense, the FDIC will insure your money up to $100,000. Ergo, anybody taking money out of an account with less than $100,000 is fearful that the bank will fail. Banks failing are a sure sign of an economic strategies collapse.3. Items selling for less than what they were being sold for at an earlier time.
Not to long ago I was in an electronics store looking for a music player. As I perused the selection I took note of the price; $150 for one model, $100 for another. I decided that I did not have enough money and would need to wait. Well, 6 months later I came back and boy was I surprised! The $150 model had it's price cut to $100, a sure sign that nobody else had enough money to afford the high price. What really kicked my butt was that the $100 model was nowhere to be seen! I asked a worker what happened to it and he said the company had discontinued the music player. Right then it hit me, the company was leaking money like a sponge. Why did this occur? Because the economy was on the brink of destruction and everybody knew strategies it. Nobody wanted to buy the music players, so the companies only hope was to sell the expensive model cheaper to get a higher profit margin.4. You see a commercial telling you to invest in gold through a certain company.
First things first, if you see a commercial telling you to invest in gold you should do it. Gold is considered an inelastic commodity, this means there is a limited amount of gold on the planet and the price will only go down during times of large discoveries of gold. Next up, all investment companies have their finger on the pulse of the economy, and if they are telling you to buy gold, they know something bad is about to go down. Of course, they won't tell you this, they just want to keep all the money to their selves. Luckily for you there is a law requiring them to release these commercials during a time of economic strategies upheaval. Listen to them, they know what they are talking about.How to Survive a Collapsing Economy
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| How to Survive a Collapsing Economy |
Finally, we get to the meat and butter of this article, how to survive in an economy that is collapsing. Luckily for you, you do not need to wait for the economy to start collapsing to take action; if you follow the above guide you'll know when you need to act. If you follow this guide you will find that while your neighbors are starving you'll be sitting pretty on a pile of money.
