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Top 4 Things to do Prior to the Dollar Collapsing

Things to do prior to dollar collapsingCrashcade – by Liberty Balance

It seems like everyone is aware that a financial collapse is coming. The only real question is why is it taking so long to get here. The Fed is working overtime trying to shore up the dollar, but that can only go on for so long; eventually, what they’re doing is going to catch up with us all and when it does, the fall will be even greater.

The following information should help you prepare for the inevitable. Preparing now, will make you much more comfortable during the actual collapse that is sure to come.  

A financial collapse is much different than what most people imagine. It’s not a general breakdown in society and we don’t go back in time 150 years, living in the times of our great-great-grandparents. The two big signs of a financial collapse are high unemployment and runaway inflation. So, whatever preparations we make for the collapse, have to help us get through those two things.

I’ll have to say that 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. You do this by trying to make sure that you are protected from the parts of the collapse which will have the greatest impact.

Your Job

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.

If your job doesn’t look like it will be very secure in the event of a financial collapse, you might want to consider changing it, before it’s too late. Better to change it now, even with the bad job market, than to wait until you lose your job.

Another thing to consider is starting a sideline business, especially if it provides essential goods or services. Not only can that augment your income, but it will also provide you with something you can fall back on, if you lose your job when the collapse comes.

Your Debt

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 toget out of debt before it’s too late.

I realize that’s a problem for most people, as the reason they have debt is that they spend more than they take in. The average American family lives on 110% of their income. However there are some things you can do.

If you are making car payments on two cars, like many families are doing, try and sell at least one of those cars and replace it with an older, but mechanically sound car, which you can buy for cash. That way, even if you lose the car you’re making payments on, you’ll still have one car.

You may want to consider downsizing your home as well, especially if you’re at the point of having an empty nest. Ideally, you’ll want to sell your house and buy one that you can pay cash for, out of the proceeds of the first house’s sale. Of course, few people will be able to do that. The better a deal you can get, and the lower payments you can get, the better.

Your Stockpile

It seems that 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, as inflation will hit food the hardest. You’ll be able to smile when you’re eating your $3.00 per box breakfast cereal, while everyone else is paying $12.00 for it.

In addition to stockpiling food, 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.

Start now, so that you can learn how to do it efficiently and build up good soil for growing your plants in. While you’re at it, take a look at growing chickens and fish as well, both of which are excellent sources of protein.

Besides food, you want to be sure that you have a descent stockpile of other necessities. Personal hygiene products may be a problem finding, as well as over-the-counter medicines. Don’t get carried away preparing for the zombie apocalypse, but make sure you’re ready with the basics.

Your Investments

There are probably a few people laughing at this heading, but that’s okay. Most of us have some sort of investments, even if we don’t think we do. Things like real jewelry (not costume) retirement accounts and stocks through our workplace are all investments, even if you don’t look at them that way.

Your best investment is getting out of debt. If you have $20,000 in a retirement account, you’re probably earning about 1% interest on it. At the same time, you might be paying 5% interest on your home. So, you’re losing money faster than you’re earning it. If you pay off your home, you have a net gain of 4.5%, even if you don’t have any money on hand.

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. If you have other investments, you may want to consider selling them and moving the money into your home or into purchasing precious metals.

Before even considering investments, you want to make sure that you have enough food and other supplies on hand. Ultimately, they are a much better investment than anything, even gold. Not only that, they’re an investment which can help keep your family alive; gold can’t do that.

Here’s a somewhat risky strategy you may want to consider. Let’s say that you have $30,000 in investments right now, but you owe $100,000 on your home. Pulling that money out of your investments and putting it into your home may not be a good idea.

If you can’t make the payments on your home, after the collapse, you might lose it, along with the $30K extra you paid. But if you put that money into gold and silver, it will probably go up. The more the value of the dollar goes down, the more the value of the gold and silver will go up.

Once the gold and silver have appreciated enough in value, sell them and pay off your mortgage. That way, you own your home free and clear, so it can’t be taken from you.

Now, here’s the risk. I haven’t been able to find any documentation on it, but there’s supposedly a clause that allows banks and mortgage companies to reevaluate and adjust the value of your mortgage, in the case of a financial collapse. If that’s true and if that were to happen, you might not be able to pay off your mortgage using this strategy. Before trying to pay it off, check with your lender.

25 More Things That You Should Do To Get Prepared For The Coming Economic Collapse

Top 5 Places Where Not To Be

The dollar collapse will be the single largest event in human history. This will be the first event that will touch every single living person in the world. All human activity is controlled by money. Our wealth,our work,our food,our government,even our relationships are affected by money.

No money in human history has had as much reach in both breadth and depth as the dollar. It is the de facto world currency. All other currency collapses will pale in comparison to this big one. All other currency crises have been regional and there were other currencies for people to grasp on to.

This collapse will be global and it will bring down not only the dollar but all other fiat currencies,as they are fundamentally no different. The collapse of currencies will lead to the collapse of ALL paper assets. The repercussions to this will have incredible results worldwide.

At 5:05 in this video the Top 5 Places not to be begins.

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8 Responses to Top 4 Things to do Prior to the Dollar Collapsing

  1. Jolly Roger says:

    “With prices skyrocketing due to high inflation, you’re likely to have trouble paying off your debt…..The best way to solve that is to get out of debt before it’s too late.”

    Getting out of debt would be a good idea in an ordinary depression, but if we see hyper-inflation as a result of this present financial mess, it might be easier to sweep your mortgage payment off the street later than pay it now. What you owe in dollars won’t change, but the dollars will be a lot easier to come by when they’re worthless.

    “Jobs that are involved in any way with luxury goods or services will be the first to go.”

    No, construction jobs will be the first to go, because there will still be plenty of rich people seeking entertainment as usual, but they won’t be investing in any businesses here.

    “Once the gold and silver have appreciated enough in value, sell them and pay off your mortgage. That way, you own your home free and clear, so it can’t be taken from you.”

    Gold and silver are more useful for storing wealth than for increasing it, and I’m suspicious of anyone who advises selling your metals to pay off the bankers. And even if you do own your home “free and clear”, it can still be taken away unless you have allodial title. Expect property taxes to skyrocket, because your municipality’s bills will be harder and harder to pay. Eventually you won’t be able to pay your property taxes, and you’ll have to physically fight to keep your home. Keep your gold and silver to trade for necessities after the collapse.

    • US Marine Fighting Tyranny says:

      Hi Jolly Roger,

      One of the tricks that desperate gov’ts do as the currency is destroyed,… is to reissue.

      This is where they replace the existing currency with a different currency,.. but at some exchange rate like 3:1,.. or 5:1 or something like that, which means that you have to turn in 3 of the old dollars to get 1 new dollar,…. or what you really got in that case is,… 33 cents in new currency.

      This now makes your debts 3 times larger!!!!,.. three times more difficult to payoff,… so “waiting” for hyperinflation may not be the best strategy,…. but then again,.. it all depends on how the devaluation and hyperinflation play out.

      Just a thought to keep in mind if anyone thinks that simply waiting for hyper-inflation is the answer,… it isn’t, except in a few rare instances and for a short period of time.

      JD – US Marines – For a lesson on what hyperinflation looks like as you live through it,.. read: “Fiat Money Inflation In France” by Andrew Dickson White (circa 1914)

      .

  2. Chris says:

    Yea! Come on out! Waste all your gas just to guarantee your demise. We could use all the spare parts!

  3. oldbat says:

    even if your home is pd off, it can still be taken. don’t think your property taxes will rise, rise, rise until you can’t pay them? then the house goes up for auction. you NEVER own your home as long as there are property taxes. NEVER.

  4. Dalton says:

    WOW! I just watched Top 5 Places Not To Be and I am happy, happy, happy….sure it might be a little rough at times but we have so much to gain by the dollar collapse that I am now looking forward to it:
    #1 – the destruction of Israel – that alone would make it worth while
    #2 – the destruction of Southern Califonria and New York – big improvement
    #3 and best of al the collapse of Washington District of Criminals – good bye feds and hello state rule…….starve the beast and it will be no more
    Look at what we will lose: no more globalization, no more multinational corporations controlling our future, no more international trade agreements, no more UN, and what we will gain:
    State governments instead of Feds – no more FEDS – !!!! Local economies, local manufacturing, local farms, farm to table commerce
    The end of the US Dollar could deliver us from Federal tyranny…let’s just hope it happens sooner rather than later….then let the healing begin!

    • Henry Shivley says:

      The states are every bit as corrupted with communism as the fed. They too have violated their constitutional contract, thus the state is illegitimate. With the breach of the federal and states contracts, all power reverts back to the American national.
      And I’ll make something clear to you right now, friend. There is going to be a whole lot of talking along with absolute assurances for obedience to the rule of the law of the individual before we hire anybody else to do one more thing for us, after we shoot the communists out of our country.
      The collapse of the dollar is irrelevant, it is our raw resources the international communists want. And we absolutely, positively, are going to have to SHOOT them to stop them.
      You better get it through your head, these are f#@King Bolsheviks and they are not just going to leave because one more fraud is revealed. When that dollar crashes, it will be martial law and the communist forces will be paid by the United Nations out of the bank of wealth they have been stealing from us since their inception.
      Everybody had better get ready to fight for their lives because that is the reality that, if ignored, will be their demise.

      • hweinhard says:

        you nailed it Henry…but we have the same problem, we dont know friggin when…they have ways of prolonging this BS…

  5. Nottoobitter says:

    PAY DEBT???
    If the dollar collapses it most likely wont exist for too much longer(someone will plan to replace it). That enacts a clause in most every contract. Force majeure.

    Definition of force majeure in English:
    force majeure
    Syllabification: force ma·jeure
    Pronunciation: /ˌfôrs mäˈZHər
    /
    noun
    1Unforeseeable circumstances that prevent someone from fulfilling a contract.
    More example sentences
    2Irresistible compulsion or greater force.
    Origin
    late 19th century: French, literally ‘greater force’.
    Definition of force majeure in:
    The British & World English dictionary

    Besides if the country topples who is coming to repo your house. Bank of america? The government that cant fund itself or its thugs???
    wake up and think. People will be looting government camps within the year. Buy food, F-your mortgage.

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