Quote from chrisjs87:
It's obvious that a good percentage of the people that post here believe the collapse of the US economy is not only inevitable but imminent. My questions for those that believe this is:
What exactly is your game plan after the collapse?
What have you done in preparation?
What can be done?
Here is an article written by someone who experienced the collapse in Argentina a little over a decade ago.
http://www.silverbearcafe.com/private/10.08/tshtf1.html
I think a good plan should look like good insurance ... or stop loss orders.
People carry differing levels of insurance to suit their needs.
Investors put parameters of risk in place they are comfortable with.
You don't see railing on people for having insurance or stop loss orders.
That would be obviously stupid.
Yet you see railing against people who take extra precautions based on their views
of "insuring" or providing for a "stop loss" in the event of catastrophic economic failure.
You don't see people railing against ship owners for carrying life rafts or life boats.
That would be stupid.
So ... people should have as a minimum ... a 30 day supply of food and water for their family.
An emergency plan in place that fits their possible emergency situations ...
whether those be natural, societal, or economic disasters.
If you live close to a city where their is racial tension and a
history of riots and crime ... then it would be wise
to insure against those conditions.
If you enjoy camping and the outdoors and have a solid truck
able to tow and the space on your property to have a
trailer and $10K-$20K isn't too much in your budget ...
then having a fully stocked travel trailer that you use
during summers is a nice solution.