Will an economic collapse mean that the “Sewage Hits The Fan” (SHTF) and it is the end of the world as we know it (TEOTWAWKI) or ‘merely’ hyperinflation and civil unrest? Will, it only be the Doomsday Preppers who survive, or will “normal” people be able to make it through also?
Well, considering that I am a Prepping Consultant, my answer may surprise you. Unlike most of the survivalists, I don’t believe that the most likely scenarios to hit this country will result in a “Mad Max” type of societal breakdown.
I believe that the most likely scenario is one where we experience a very brutal economic collapse, as Argentina did in 2001, and the middle class largely disappears. However, I don’t see a total societal breakdown happening.
That being said, I believe that the amount of crime we experience will skyrocket and the prices of food and other necessities will reach levels of hyperinflation so that groceries will go from 10% of the normal monthly budget to over 30%.
The signs of hyperinflation are already here. From 2010 to 2012, look at the price of some typical items at Aldi grocery store:
Bacon rose from $3.19 to $4.59
Canned Mandarin oranges rose from $.49 to $.69
Frozen ground turkey rose from $.99 to $1.69 lb.
These price increases are severe, and all signs point to this being just the beginning.
So how does a normal person get by (or should I say “survive”) without having the money to invest to become a fully equipped survivalist or “Doomsday Prepper”?
The key is to start expanding the food and personal items in your pantry. Every week, double up on your purchases and in two months you will have a two-month emergency supply.
The most important thing is that you will be storing up only the foods that you actually eat on a regular basis. Unlike the survivalists who spend thousands of dollars on freeze-dried emergency rations, you will have food that you like and that you will use up, even if no calamity ever strikes.
Another very important consideration is that an economic collapse usually happens very suddenly. There is a news story that the banks are going to be closed and accounts frozen, and if this happens when you are away from your house, you may have trouble getting home.
The trouble with getting home when it all ‘hits the fan’ is not just due to the fact that there may be large demonstrations in the streets and riots, but if you are low on gas in your car you may find that the gas stations will only accept cash to refill your tank if they are selling gas at all.
For that reason, have a well-thought-out emergency car kit in your trunk with items to last you up to 72 hours in case you are stranded away from your home and supplies. Remember, it’s not that likely that the “TEOTWAWKI” situation will happen, but something else may pull the rug out from under you at the worst possible time: when you are away from your house.