Top 4 Things To Do Prior To The Dollar Collapsing | Survivopedia
The two big signs of a financial collapse are high unemployment and runaway inflation.
there is no surefire way of avoiding being affected by the collapse. What you can do, however, is lessen the impact that the collapse will have on you and your family.
To start with, make an honest evaluation of your job, looking to see how vulnerable it is to a financial collapse. Jobs that are involved in any way with luxury goods or services will be the first to go. The most secure jobs will be those which supply essential services, followed by those that provide goods and services which people need to survive. Since people won’t be able to afford to buy new cars and appliances, repairing these types of items will be a very secure job as well.
Another thing to consider is starting a sideline business, especially if it provides essential goods or services.
The next thing to take a look at is your debt. With prices skyrocketing due to high inflation, you’re likely to have trouble paying off your debt. This could lead to losing your car, furniture or home. The best way to solve that is to get out of debt before it’s too late.
pretty much everything is in short supply during a financial crash, especially the things you need to have in order to survive. More than anything, food becomes hard to get. Stockpiling food can actually be seen as an investment, it would be a good idea to start developing means of producing your own. It takes at least a year to get a vegetable garden producing well, so you don’t want to wait until the crisis hits to start your garden.
Personal hygiene products may be a problem finding, as well as over-the-counter medicines.
Your best investment is getting out of debt.
The only investments that are secure during a financial collapse are precious metals and real estate. While it may be hard to sell either of them during the collapse, they are highly likely to retain their value or even appreciate in value.
The more the value of the dollar goes down, the more the value of the gold and silver will go up.