Being Prepared for the Coming Tough Times

Being Prepared for the Coming Tough Times
Bob Uda, PhD (ABD)


For savings accounts, when the stock market crashes and depositors make a rush on the banks to withdraw all of their money, the bank will close/lock their doors, and the late folks will not get any of their money. The Obama government will confiscate all of their money. For social security, the forecast is that the Social Security funds will be depleted in seven years. Hence, there will be no more social security checks after the economic collapse. The following list is how to prepare financially other than debt.

Do any combination of the following:

• Get totally out of debt.
• Operate on a budget.
• Work and earn money to your dying day.
• Get a fireproof safe to keep all of your valuables locked up. Save your money in your home safe.
• Don’t take on large purchases unless absolutely necessary.
• Convert up to 25% of your liquid assets into precious metals (gold and silver). However, this may become risky as the Obama government will confiscate all recently purchased gold owned by private citizens. This was done by FDR during the depression. Keep your gold in old/numismatic gold coins.
• Purchase insurances (home, car, life, disaster, liability, etc.). For life insurance, buy only term insurance and get as much of it as you can.
• Balance out your liquid assets among stocks, bonds, mutual funds, precious metals, and art objects. In other words, don’t put all of your eggs in one basket.
• Stock your cupboards with nonperishable foodstuffs. Rotate the usage of your food.
• Build up a year’s supply of food, clothing, fuel, and water. When there is no money or food on store shelves, you will be able to barter with your supply. Remember, when there is a rush on stores, all of the food on store shelves will be gone within three days with no replenishment possible.
• Never let your automobiles to go below ¼-tank of gas. Always have enough gas to get you to a safe haven.
• Obtain firearms and ammunition. Keep other weapons (knives, etc.).
• Grow and maintain a good vegetable garden. Plant fruit trees in your yard. Raise edible animals (fowl, rabbits, etc.).
• Learn how to get back to the earth by developing hunting, fishing, and foraging skills for edible fauna and flora.
• Develop new skills. Improve your education/knowledge. Learn about accounting, finance, economics, etc.). Be a lifelong learner. Study daily.
• Keep up daily with what’s going on in the world. Watch Fox News and listen to conservative talk radio. Listen to/watch the Glenn Beck Show daily.
• Read conservative online publications. You get only lies and disinformation from the mainstream media, which is now called the lame-stream or fringe media.
• Buy a good battery operated or hand-cranked radio to keep up with the news during major manmade or natural disasters/emergencies.
• Get a ham radio, become a certified operator, and learn how to use the ham radio.
• Own a cell phone.
• Maintain a good supply of flashlights, fresh batteries, matches, and candles.
• Prepare a 72-hour kit (one each for your car and home).
• Buy good first-aid kits for your home and car.
• Keep in good physical health with proper diet, exercise, and sleep. Keep/use a good supply of multiple vitamins, Omega-III fish oil tablets, prescription drugs, etc.
• Update your will and keep it current.
• Keep connected on the Internet with dependable family and friends.
• Join your Community Emergency Response Team (CERT) and participate in its training programs and activities. Become qualified in basic first aid and cardio-pulmonary resuscitation (CPR).
• Be constantly alert and vigilant.

If you do all of those things listed above that is appropriate for you, you will be able to deal with any economic crash, terrorist attacks, and/or all major natural/manmade disasters. Be prepared to help and assist those who didn't bother to get prepared. Good luck!


Remember: 86% of all couples age 65 and older will need nursing type care in their lifetime. This can have the most devastating effect on your retirement portfolio. With costs running over $6000 a month for care (average care term is just under three years) the need for Long Term Care insurance has never been more critical.