So, if you have been keeping tracking of the news lately you will know that federal reserve has just printed another $600 Billion and released it into economy. They are trying to say that this will not create hyper-Inflation. However, there are many economists that disagree. We are not entirely sure if this will happen or not, but we do know that it’s wise to prepare for the worst, while hoping for the best.
Inflation can be nasty. Your money can lose it’s value very quickly and you can be left with nothing very quickly. So here are are few things you can do right now to protect yourself:
1. Get out of debt.
Debt can leave you in a terrible situation if there is hyper-inflation. Your food and other basic costs of living will rise considerably. It will be even harder to make your monthly payment on existing debts and this alone could leave you in a terrible situation.
2. Store Food.
Now is the time to buy food to store in case the prices of food go through the roof. It’s better that you store food with a long shelf-life, that has high nutritional value, is easy to prepare, and will taste great. We would recommend Freeze-Dried Food. Don’t let your family go hungry in the case where you cannot buy any food.
3. Store Water.
You can live without food for much longer than you can live without water. You need clean water to drink, clean, cook, and live. Make sure you have ways to purify water sources when you find it. Don’t expect that the price of water will go down. Water is so basic that it may become very expensive because of demand. Don’t forget water storage!
4. Consider a backup power supply.
“Under my plan of a cap and trade system, electricity rates would necessarily skyrocket” – Barack Obama. – January 2008 interview with the San Francisco Chronicle. Don’t be left out in the cold. Make sure you have a backup plan for your energy needs. You can produce clean, renewable energy on your own. With one of our kits from Goal 0.
5. Grab-n-Go Supplies
If times get really tough, you may need to leave your current area. Don’t wait until a disaster or riots force you to make the decisions about what you should take. Make sure you have solid survival kits for each member of your family. Make sure you have a copy of all your important documents stored with this kits. Make sure they are packed with temporary shelter, food such as MRE’s, and all the basics you will need to survive.
Now don’t think we are just trying to be fear-mongers. We are optimistic for the future of our country, and we surly are hoping for the best. As you go about checking off the above items on your list, don’t try to do more than you are capable of doing. Don’t run faster than you have strength. Just make sure your are doing your very best to get prepared.
Continue reading » · Rating: · Written on: 11-19-10 ·
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