In the last year 35% of all money created in the United States was made. I refuse to say printed because the national mint didn’t print off this cash. It was done digitally with a bunch of 1s and 0s instantly devaluing savings accounts and the buying power of the dollar all over the world. It was only 20 years ago when Bill Clinton left office after 8 years as president and we had a surplus of money in the federal government. Then came Dubya and it all changed. There had been some shady stuff going on before then with Donald Rumsfeld telling the nation that 2.3 trillion dollars was missing from pentagon accounting books.
What we have been seeing isn’t new. The federal reserve bailout out wall street after they gambled all their money away. Then Obama spent hundreds of billions of dollars on a stimulus bill. Through quantitative easing the federal reserve bought the bad stocks wall street didn’t want and handed the bill off to the American tax payer. Now there is a new kind of theft taking place.
The COVID-19 lockdowns are shutting down small businesses all over the country. The public is forced to buy their food and goods through big chain outlets that are not affected by the lockdown protocols. People who are out of work or have their businesses shut down are at risk of losing their homes because they cannot pay their bills. Keep in mind that if people are not working there are no federal income taxes coming in. At the moment the house and the senate are talking over a COVID-19 relief bill that will have no way of paying for it. Again, they are printing off money while devaluing the dollar. In a situation like this what are people to do?
I have often thought about this question and in a world where everything appears to be falling apart there are a handful of things that will gain value outside of the dollar. If you are looking for currency related items gold and silver are the obvious choices. These metals have never lost their value over the centuries. A large amount of wealth can be transferred with little weight to move it. When gold reached $2000 an ounce a few pounds could be equivalent to a life time of savings. In the words of Ron Swanson “I have already said too much.”
Land. This was an obvious choice for me. With land comes opportunity. The more land you own the more you can do with it. I would recommend only buying what you can handle on your own. I currently own 15 acres. A goo portion of that land will be used for homesteading. The wild sections will be used for foraging and hunting. The woods also provide a reusable source of fresh compost for crops. Timber heats the house and cabin. With a homestead or farm there are other investments that will rise in value in the coming years. Farm equipment will have a high value along with fresh food with the way our current food situation is. China is buying up any soy and protein they can get their hands on. A large section of our corn crops was destroyed in a wind storm. China has been experiencing a drought in their bread basket for a few years now. Much of this can be learned through the ice age farmer YouTube channel and podcast.
Choose quality over quantity. This is true for many things ranging from clothes to tools. Buy a good pair of boots, jeans, shirts, the type that will last for years. Buy a good knife. Make sure you are not buying cheap gardening tools that will only last one season. For god’s sake stay away from Harbor Freight.
Buy a good quality vehicle, one that you can work on. You should be able to change the oil, switch out the air filter, and replace the fuel filter on your own. Bravo to those who go beyond that. Pick up a repair manual for the make and model of your vehicle. If you can, keep extra parts stored away in case there is a breakdown that can be fixed at home.
Beyond these things there is the usual list of things one should have. Food, self defense items, and a supply of cash incase cards are not taken at stores or bank accounts can’t be accessed. Learn about your neighbors and what they have that can be traded and bartered. If your neighbor is a corn farmer try growing something besides corn that he might want incase you have to trade for supplies. If everyone in your area grows tobacco grow food instead. Set yourself apart so that you can be useful to the community around you.
I hope this article is helpful to those out there looking for some guidance in these troubling times. I will touch on these topics further in the near future and talk about them on my YouTube channel, The Collapse Experiment.