Good books about how to prepare financially for economic collapse?

HowToBe

The Living Force
Mom asked me about this. Specifically she's wondering, if the conventional wisdom of stuffing your money in banks, investments, and IRA's won't work through a collapse, what will? I don't know much about the topic yet, just that many people are saying that the economy of the US is going to fail, but we don't know when exactly.

So are there any books that explain the situation well in plain language, and give good practical advice on how to prepare financially and otherwise?
 
Hi, HowToBe:

I found this one excellent not so much on specific survival techniques but mental and emotional preparation
http://www.amazon.com/Deep-Survival-Who-Lives-Dies-ebook/dp/B0028Z4LUU/ref=sr_1_1?s=digital-text&ie=UTF8&qid=1387451699&sr=1-1&keywords=deep+survival Why some people survive in difficult situations and others do not.

Also Ray Mears bush craft videos provide some of the basics and they are shot in beautiful locations. One particular http://www.youtube.com/watch?v=b1cM9wJo1Lc
about how the people in Belarus worked together and survived while fighting the Germans in WW2. Very moving.

There is a video by National Geographic about a scenario where the power goes out in the US for 10 days. http://channel.nationalgeographic.com/channel/american-blackout. Very scary

Just a few.

Mac

Edit added link
 
HowToBe, If there is total economic collapse, and I believe it is a possibility, although rather remote, then all the money you had prior to the collapse is likely to be worthless. Have you done an Internet search on the effects of hyper-inflation in various countries in the 20th Century? I cannot recommend any books that might assist that part of your question because I do not think anyone could write something useful. Too much would depend on the speed and severity of the collapse. A different end result would occur from different timescales.

As for the "otherwise" there is a great deal of information on survival techniques "when the lights go out" as I choose to describe the situation. A lot will depend on where you live. City folks can expect anarchy (used in the sense of total lawlessness) which will spill out into the surrounding countryside very quickly. In the US, given the high gun ownership, I would expect large scale killings. The defender of a rural property (and from other forums I believe there wiould be many) is likely to get a few marauders before sheer numbers and probably more gun-power beats him. In other countries, I think there is likely to be less anatagonism, and people will be more likely to work towards the same goal - survival. Portugal is my chosen spot. Even most city dwellers here are no more than one generation removed from their family land and they pour out to these places at the week-ends to lend a hand. This way they still know how to produce enough food for survival. I understand much of southern and eastern Europe is the same. I believe that these places would merely resort to the lifestyle of 100 to 200 years aog, but with much more knowledge, so things would gradually return to what we now consider "normal".

I have my own plan that involves a small family group of diverse skills and knowledge, including a vet, a medical doctor, and some basic craft ability in most things that are needed to house, clothe, feed and provide power. We also have enough productive land. Many other rural dwellers can do the same - perhaps without the range of skills and professions we would have, but bartering is always possible.

I hope it never happens, but best to cover the possibility.
 
The recent SOTT articles that mentioned gold were on my mind before, but in any case we don't have money to spare right now, and gold is certainly not the first priority in a situation like that. I appreciate the links and thoughts. There are so many concerns to balance these days!
 
This guy claimed to survive the Argentina economic collapse in 2001.
His book "The Modern Survival Manual: Surviving the Economic Collapse" listed on Amazon.
His youtube channel: _https://www.youtube.com/user/TheModernSurvivalist

Moderator's note: deactivated link
 
Some years ago I read some books (Most of them are available only in German) with described financial and economic disasters and strategies/possibilities to invest your money. There are some strategies, which would have been successful during the last 50 years in Northern America or (most of) Europe. But most of them could be useless during times of system / civilization breakdowns.
My conclusion was that you should invest in knowledge and preparation that basic needs are met (water, food, health, clothes, roof over the head, warmth).
When there is extra money you may think of bullion coins (gold, silver, _http://en.wikipedia.org/wiki/Bullion_coin), to own your "roof over the head" (house, flat, condo, ...) and to own some land to raise at least some of your food. Past generations often had a (little) vegetable garden and raised at least some chickens or rabbits or a pig. When hearing 'garden' think about raising food for your animals. When you buy gold or silver you may want to pay with cash and take care that there is no 'paper trail' leading to you. Gold and silver are just transporting your savings from one good times to another. They may not be very useful during hard times as too many persons try to barter it for other things. Everyone and everything you can touch can be taken away from you (by government, looters, during war, death, ...). Your personal resilience, personal attitudes and knowledge cannot taken away from you.


For most of financial and econmic disasters you have to see the political and historical context. So you can also check tales about hard times in history (e.g. settlement of North America and the US West, history of England during World War II, history of France during both World Wars, breakdown of the Soviet Union, the Yugoslavian wars).


To get some feeling about which financial changes are possible:
_http://en.wikipedia.org/wiki/Category:Economic_disasters
_http://en.wikipedia.org/wiki/Category:Great_Depression
_http://en.wikipedia.org/wiki/Hyperinflation
_http://en.wikipedia.org/wiki/Deflation
_http://en.wikipedia.org/wiki/Monetary_reform
_http://en.wikipedia.org/wiki/Tulip_mania
_http://en.wikipedia.org/wiki/1998_Russian_financial_crisis
_http://en.wikipedia.org/wiki/Argentine_economic_crisis_%281999%E2%80%932002%29
_http://en.wikipedia.org/wiki/1998%E2%80%932002_Argentine_great_depression
_http://en.wikipedia.org/wiki/Argentine_economic_crisis
_http://en.wikipedia.org/wiki/United_States_housing_bubble
_http://en.wikipedia.org/wiki/History_of_the_United_States_dollar#Gold_standard
_http://en.wikipedia.org/wiki/History_of_the_United_States_dollar#The_Gold_Reserve_Act


This book is about the Great Crash in 1929:
http://www.amazon.com/Great-Crash-1929-Kenneth-Galbraith/dp/0547248164/ref=sr_1_4?s=books&ie=UTF8&qid=1388134690&sr=1-4&keywords=john+kenneth+galbraith

I also found this book interesting (only available in German and a little outdated); it contains some information about investment types:
http://www.amazon.com/Crash-kommt-Weltwirtschaftskrise-k%C3%B6nnen-German-ebook/dp/B0057EQDTG/ref=la_B001HOKENG_1_2?s=books&ie=UTF8&qid=1388135014&sr=1-2

I like this one as much as the Deep Survival book from the same author:
http://www.amazon.com/Surviving-Survival-Art-Science-Resilience-ebook/dp/B007Q6XJ5O/ref=la_B000APO8WQ_1_2_title_1_kin?s=books&ie=UTF8&qid=1388132204&sr=1-2
This one is also not about specific survival techniques but how to cope after survival situations and major blows.

Sott Talk Radio Show #35: Surviving the End of the World (as we Know it) thread :
http://cassiopaea.org/forum/index.php/topic,32605.0.html

'Preparedness' thread :
http://cassiopaea.org/forum/index.php/topic,21375

Top Post-Collapse Barter Items And Trade Skills thread:
http://cassiopaea.org/forum/index.php/topic,32547.0.html

Life Is Religion: 12 Daily Exercises for Mind, Body, and Soul ;)
http://www.amazon.com/s/ref=nb_sb_noss?url=search-alias%3Ddigital-text&field-keywords=Life%20is%20Religion

Recommended Books: List and Guide :D:
http://cassiopaea.org/forum/index.php/topic,33092.0.html
 
HowToBe said:
The recent SOTT articles that mentioned gold were on my mind before, but in any case we don't have money to spare right now, and gold is certainly not the first priority in a situation like that. I appreciate the links and thoughts. There are so many concerns to balance these days!

I agree with you on this...so many things to be evaluated and worked through. Hang in there.
 
Hi Sarah8 and welcome to the forum. We ask that all new members post an introduction here in the Newbie's Section, telling us how they found the forum. Thanks. :)
 
Mac said:
Hi, HowToBe:

I found this one excellent not so much on specific survival techniques but mental and emotional preparation
http://www.amazon.com/Deep-Survival-Who-Lives-Dies-ebook/dp/B0028Z4LUU/ref=sr_1_1?s=digital-text&ie=UTF8&qid=1387451699&sr=1-1&keywords=deep+survival Why some people survive in difficult situations and others do not.

Also Ray Mears bush craft videos provide some of the basics and they are shot in beautiful locations. One particular http://www.youtube.com/watch?v=b1cM9wJo1Lc
about how the people in Belarus worked together and survived while fighting the Germans in WW2. Very moving.

There is a video by National Geographic about a scenario where the power goes out in the US for 10 days. http://channel.nationalgeographic.com/channel/american-blackout. Very scary

Just a few.

Mac

Edit added link

I find day six interesting because they propose that perhaps natural disasters will occur during the blackout. What gives them that idea.
 
goss said:
Mac said:
Hi, HowToBe:

I found this one excellent not so much on specific survival techniques but mental and emotional preparation
http://www.amazon.com/Deep-Survival-Who-Lives-Dies-ebook/dp/B0028Z4LUU/ref=sr_1_1?s=digital-text&ie=UTF8&qid=1387451699&sr=1-1&keywords=deep+survival Why some people survive in difficult situations and others do not.

Also Ray Mears bush craft videos provide some of the basics and they are shot in beautiful locations. One particular http://www.youtube.com/watch?v=b1cM9wJo1Lc
about how the people in Belarus worked together and survived while fighting the Germans in WW2. Very moving.

There is a video by National Geographic about a scenario where the power goes out in the US for 10 days. http://channel.nationalgeographic.com/channel/american-blackout. Very scary

Just a few.

Mac

Edit added link

I find day six interesting because they propose that perhaps natural disasters will occur during the blackout. What gives them that idea.

Yes, why that suggestion? In the video they portray a 10 day black out. Thousands would probably die in such a scenario. And the US economy wouldn't recover for decades. What if the black out were month or more? To me it shows how thin and vulnerable our supposed prosperity really is.

Mac
 
Mac said:
goss said:
Mac said:
Hi, HowToBe:

I found this one excellent not so much on specific survival techniques but mental and emotional preparation
http://www.amazon.com/Deep-Survival-Who-Lives-Dies-ebook/dp/B0028Z4LUU/ref=sr_1_1?s=digital-text&ie=UTF8&qid=1387451699&sr=1-1&keywords=deep+survival Why some people survive in difficult situations and others do not.

Also Ray Mears bush craft videos provide some of the basics and they are shot in beautiful locations. One particular http://www.youtube.com/watch?v=b1cM9wJo1Lc
about how the people in Belarus worked together and survived while fighting the Germans in WW2. Very moving.

There is a video by National Geographic about a scenario where the power goes out in the US for 10 days. http://channel.nationalgeographic.com/channel/american-blackout. Very scary

Just a few.

Mac

Edit added link

I find day six interesting because they propose that perhaps natural disasters will occur during the blackout. What gives them that idea.

Yes, why that suggestion? In the video they portray a 10 day black out. Thousands would probably die in such a scenario. And the US economy wouldn't recover for decades. What if the black out were month or more? To me it shows how thin and vulnerable our supposed prosperity really is.

Mac

Indeed. It seems that most civilizations, usually at their peak, are as weak as being built on thin air if it is looked in the perspective for prosperity of the human race. But for extortion from the powerless to the power elite, I think civilizations excel in that. Also the video portrays, in my eyes, an almost laughable depiction of the US' response to the blackout. The blackout would be a perfect opportunity to place more gears in motion for the future that the PTB want.
 
Hi HowToBe,

In terms of the financial aspects of a collapse, I found Mike Maloney's "Guide to Investing In Gold and Silver: Protect Your Financial Future" very informative and useful. The title is actually misleading as the book doesn't talk much about how to invest in precious metals but rather provides a thorough analysis on the history of currency and the almost cyclical nature of economic collapses and how people in the past have not only survived these crises but also gained from it by having foreknowledge and preparing for such occurrences.

_http://www.amazon.com/Rich-Dads-Advisors-Investing-Financial/dp/0446510998
 
Mac said:
<snip>

There is a video by National Geographic about a scenario where the power goes out in the US for 10 days. http://channel.nationalgeographic.com/channel/american-blackout. Very scary

Given the modern just-in-time logistics prevalent now in the US and elsewhere, a 10 day power grid outage might cause a few disruptions of food and fuel distribution, perhaps a little civil unrest here and there, but it would be more fairly characterized as an inconvenience than the mass breakdown of society.

As a boy, I lived through the big Columbus Day Storm in the US Pacific Northwest and its aftermath in 1962 and, while we were without power for several days, there were no riots, even though homes were cold, cooking might have been done on camping stoves or in fireplaces, some refrigerated and frozen food might have spoiled, and so on. Neighbors helped each other where needed, I'd imagine.

National Geographic - ever a propagandist for the ruling class, like all the rest of the major media - probably didn't want to scare the populace with a more severe scenario.

However, although 10 days without electric power might be uncomfortable and an inconvenience, it pales against the serious problems that would arise if such a disruption of power distribution lasted much longer. At two or three weeks, important things would start breaking down, like the distribution of food and fuel. I suspect the National Geographic piece hinted at that, but was easily discounted.

However, any really big solar storm or nuclear EMP event could take out the North American power grid for a year or more. Think about that, and the implications for preparations to survive if it occurs.
 
I'm in the process of reading the SOTT Talk Radio interview with Stefan Verstappen (Here) and it sounds like his book, The Art of Urban Survival, sounds pretty handy. Probably most around here know about it or have even read it, but it's supposed to go into how to defend against all sorts of practical situations, from natural disasters to getting mugged, and situations involving psychopaths. Definitely on my to-read list.
 
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