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Economically, how can concerned Americans prepare for the worst? (lemmy.ml)

submitted 4 days ago by oxjox@lemmy.ml to c/asklemmy@lemmy.ml

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I do not want this to be a political debate nor an opportunity to post recent headlines. However, in my opinion, this administration seems to be taking actions which history suggests may lead towards a near or total economic collapse. Whether you agree with this or not is irrelevant.

This post’s question is: If one were to have a concern that they’d no longer be able to afford common household goods or that mainstream (S&P, Nasdaq) financial investments were no longer sound, what can one do to prepare for “the worst”? What actions could someone take today to minimize economic hardship in the future?

I would also like thoughtful insight from older adults to offer younger adults about how they should be better preparing themselves for an uncertain future, outside of current events or place of residence.

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[–] That_Devil_Girl@lemmy.ml 1 points 3 days ago

Doomsday prepping is the answer. Start building up a large supply of non-perishable foods, properly sealed for long term storage.

Have a wide variety of different food storage options. Having nothing to eat but rice will drive you insane (that's not hyperbole, it's serious).

Not just food storage, have tons of medical and hygeine priducts stored up as well. Things like toilet paper, toothpaste, wet wipes, ibuprophin, tums, etc. Assume there will be no stores or money in the future, plan acordingly.

Have all of your important documents in paper form. Keep all contact information, passwords, addresses, phone numbers, emails, and other important info on physical paper. There's a strong possibility the internet will go down for a long period of time.

If possible, download Kiwik. Within the software, you can download all of wikipedia so that you have an accessable offline copy. It's about 125gb in size.

Start downloading stuff you don't want to lose. If you have a youtuve video ripper, start ripping videos on how to do things like repair your own car and other repair tutorials. Download videos and tutorials on how to cook if you don't already know how. Also how to start and maintain a veggie garden.

Have a plan for the electric grid going down for a long period of time. Folding solar panels are a great way to keep phones and battery banks charged.

I could go on all day, but basucally you should prepare for a total government collapse. Internet, electricity, plumbing, trash removal, hospitals, police & fire rescue, depletion of groceries and store goods, etc. I have do doubt we'll see these things either partially or completely collapse and fail.