Let’s face it. We may say we’re preparing for winter blizzards or freak hurricanes, but down deep, if you’re a prepper, what you’re really preparing for is a collapse of America’s economy. It may happen within a few days or it may be a continual downward slide over many years. Its causes may include numerous Katrina-size natural disasters, a toppling federal government, chaos on Main Street, and the odd meteor or two, but regardless of the causes, we want our families to be as secure as possible for the long haul.
So, the question that naturally arises is: How do you prepare for a Greatest Depression? Is it even possible to prepare for something that may last a decade or much, much longer? Is it better to be a homeowner, even if someday you’re unable to make your mortgage payments or is it better to have mobility and rent? Should you leave your life savings and retirement funds where they are or take the tax and penalty hit and invest in land, or gold, or a year’s worth of food?
If we could talk with survivors of the first Great Depression and ask them, “If you could go back to 1925, how would you have prepared for the Great Depression,” I wonder what they would say. We’re preparing for something on a world-wide scale, so my question to you is, how should we prepare for a Greatest Depression?
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