Hi there, just came across your site. I am in the Uk but have relatives in the US. I think they will be ok in case of collapse as they live in gated community. I started to look at the economy about 4 yrs ago, had never been interested before, this happened at the same time as my faith in God increased. Sounds crazy, but that's the way it happened. I am just a housewife whom runs a business with my husband, but I have been drawn more and more to investigating what is happening to the global economy. I have no one to discuss the possibility of collapse with other than mu husband and a very few people. I don't want tp terrify them, and some of them would think I was a lunatic! What I wanted to ask was the following:1. We are people of modest means, and we only have a small mortgage on our property of about 45000 (sterling). What happens to mortgages during a paper collapse? Should I continue to pay off my mortgage in lump sums? What happens to property taxes during collapse? What happens to gas, electric during collapse? Are metals any good?2) I have 20 acres of land, I grow some food in my home garden, would it be a good idea to put a poly tunnel ay fields and grow more for others also?3) I have two horses, someone wants to buy one of them, would you sell that horse or keep it for transport? It only costs me about£ 5 per wk for his insurance. I know this sounds a silly question, but if there is no fuel, what do we use for transport?Any advice would be appreciated, I know this is going to happen one day. I pray and ask the Father to delay it every day. I know how to work in very cold and physically tough conditions and have practiced caving using SRT a while ago. It is very important for people to prepare mentally, and I find my faith really is my foundation. Everything that is happening is of Biblical proportions lately and I pray for those who are committing these crimes against humanity, that they change their greedy and evil ways. One last thing that I ponder is this: even if I am stripped of all my luxuries I have so much more than many millions of people in the world, and I have lived like a queen, I have had meals in restaurants, I have stayed in luxury hotels, whilst many have been starving! I have been very very blessed.The crash will also enable us to love our neighbours more. We will HAVE TO SHARE. Don't miss this opportunity, it will be hard at first because we have all been so selfish, even myself. But when we help others, we feel amazing deep down, it gives light to the soul and makes us much happier :-)God bless you and yours.Anne
Hi Anne, great to hear from someone in UK.
I’ll take this opportunity to let my UK readers know that my book, The Modern Survival Manual: Surviving the Economic Collapse" is now available in Amazon UK as well.
About your questions.
1 1)If there’s a world wide nuclear war followed by a shower of asteroids, the last three things still standing in this planet will be bankers, lawyers and politicians. Any preparedness plan that doesn’t include the problems of dealing with these three is unrealistic so always keep that in mind. Having said this, if there’s a serious economic decline and the fiat currency devaluates to some degree you’re better off paying monthly in paper money that is losing its value rather than paying off the lump sum ahead of time. This is general advice and it will depend of course on your specifics. A particular bad interest rate may mean its more profitable to just pay it and get it done, but in general that’s my advice. Bills and taxes in general do go up during hard economic times, so expect that to happen. Same thing for the cost of services, they will become more expensive as we already see. That doesn’t mean that you’ll always have reliable services though. The quality of the tap water you pay for may go down as the price goes up, forcing you to filter it like I did in Argentina. Something similar happens with power, which as the grid degrades due to lack of maintenance it provides lower watt energy, sometimes called “dirty power”. Blackouts due to storms and grid failure may occur with greater frequency than before in some areas, so its smart to address that, but I at least don’t waste time with the idea of the grid going down and never coming back up.
Gold and Silver hold value on their own and during a crisis they even go up in value since they are a desirable asset as a hedge against inflation and financial uncertainty. I believe that everyone should have at least a small % of their savings in precious metals just in case of a moderate crisis or worst case scenario. For anyone looking to buy PM, Precious Metal House is a reputable dealer and a supporter of my blog, look on the right bar for their banner.
2 2) To me it comes down to how profitable it is. If you simply enjoy gardening, of course, go for it. Now if you’re thinking of it as a business, then you have to think of it in other terms. How much time are you investing and what do you get from it? Lets say you work 6 hours per kilo of tomato grown, but you could buy 12 tomatoes with the earnings you get from doing some other job, then directly growing food yourself isn’t the most effective use of your time. Here is where doomers come in and say the world will end and there will be no work to show up to, etc. If that’s your case, please re read reply 1). If you’re unemployed and A) have no hopes of finding a job or B) no hopes of creating your own job, then yes, but in general growing food on your own isn’t the best investment of your time. Then again if you have a profitable running farm then that’s a different story or if its something you simply enjoy doing on your spare time that great too. I simply don’t think that its in general the most effective use of time for “putting food on the table” literally speaking.
3)For transportation alone a horse is probably not our best bet but it will depend a lot on your location, immediate environment and type of use you have in mind for your horse. Yes, it will take you from point A to B and has been used for transportation for thousands of years, and personally I happen to like horses a lot. Still, ask yourself if given your roads and the use you have in mind if a mountain bike wouldn’t be a better or cheaper transportation. If you see yourself using your horse then I suggest keeping the best one you have and selling the other. Also keep an eye out for old sprung carts. Horse pulled carts are still widely used for carrying people and loads in the third world.
Your heart is in the right place and indeed, people in developed nations have had it very good for long, although everything indicates that tougher times are ahead of us. The right mentality, and being more resilient both physically and what’s even more important, emotionally speaking, will be paramount. Its important to work towards improving our relationships with our neighbors, friends and family, something often overlooked.