What to do about the coming economic collapse

There is bound to be one.  The latest economic statistics weren't all that good.  The GDP numbers could be revised downward, and if they are, we've got the first quarter of negative GDP growth.  Then you will be halfway there to an official recession.

In normal times, a recession is preceded by an inverted yield curve.  However, since interest rates have gone to zero, plus the practice of quantitative easing, we are in new territory.  Without the inverted yield curve, you may think you are safe.  That may be a mistake.  In fact, I think it is a big mistake.

If there's a recession with QE still going on and interests rates at zero, what does that say?  There could be a sudden realization that we are heap big doodoo kemosabe, and the markets may crash.

So, if all this comes to pass, what to do?

While I was still reading Chris Laird, he suggested stocking up on food.  If the crap hits the fan, food may be hard to come by.  You are going to need to eat.  Money may not be any good, so how do you get any food?  That's the point.  You will need to store some food.  However, that will only last for awhile.  What happens when you run out?  You will be in the same boat as everyone else.  By the way, that's the optimistic outcome.  The pessimistic outcome is that someone discovers your food stash and takes your food away from you.  You may not last long even if you do have food stashed away.  I figured that Laird's suggestion, while appearing sound, has some serious defects.

We have been taught to be individuals.  This is so ingrained in our psyche, it is not going to help us in an emergency.  We have to unite and help each other.  Otherwise, many of us will die.  That sounds pretty dire, but you have to face the facts.  This system is so highly leveraged that one misstep will send the entire house of cards falling down.  In fact, every recession is just like that.  This last one was like that.  The answer should have been less leverage, but we got more leverage instead.  The next recession will be a humdinger, if my theory is correct.  The theory is that we are heading directly towards zero growth and have been doing that for decades.  Once we arrive there, how can things be leveraged?  It can't and it will implode, just as Ann Barnhardt has been saying.

We have to unite and help each other out.  You can do this by looking into growing your own food.  In fact, this was one of Laird's suggestions.  He said to get a farm.  But saying and doing is two different things.  How in the world can you get buy a farm?  It takes money for that and for me, that's a big problem.

It turns out that you can raise plenty of food on a small amount of land.  I've covered that in a previous post.  Lots of people are going to need to follow that example.  In fact, most people are going to have to follow that example.  How much land do you need?  This guy feeds a family of four and generates 20k in revenue on just 1/10th of an acre.  Somehow, if you are going to survive the coming catastrophe, you are going to need to get at least this much land and start learning how to farm.  Once again, that's a big problem for yours truly.  But I may be able to solve it.

It's not good enough for just me to solve it though.  What happens after you've got your little old farm and the collapse comes?  When the collapse comes, there will be roving bands of hungry people who will be like locusts.  They will eat something because everybody has to eat.  It may well be that your farm will find its way on the path of one of these roaming locust swarms.  You have to join together in a security network of self-sufficient farmers.  You will have to be armed so that you can discourage anybody from trespassing on your property.

This may sound hard-hearted, but if people insist upon being stupid and not taking heed, you have to defend yourself.  People need to stop listening to "leaders" who are going to get everybody killed.  If you insist upon being stupid, you will have to pay the price.  The smart people will unite and help themselves.  That's how you survive the coming collapse.

If the entire country were to unite, we could survive as a nation.  But that will take leadership, and there isn't enough of that these days.  The politicians are only interested in the next election  You should be interested in more serious things.