this post was submitted on 31 Jan 2025
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I do not want this to be a political debate nor an opportunity to post recent headlines. However, in my opinion, this administration seems to be taking actions which history suggests may lead towards a near or total economic collapse. Whether you agree with this or not is irrelevant.

This post’s question is: If one were to have a concern that they’d no longer be able to afford common household goods or that mainstream (S&P, Nasdaq) financial investments were no longer sound, what can one do to prepare for β€œthe worst”? What actions could someone take today to minimize economic hardship in the future?

I would also like thoughtful insight from older adults to offer younger adults about how they should be better preparing themselves for an uncertain future, outside of current events or place of residence.

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[–] [email protected] 22 points 1 day ago (3 children)

Get to know your neighbors.

The network is one of the most important parts of a survival scenario.

Personally, I have met people through food not bombs that I found interesting and dedicated to a better future.

Dried beans and rice go a long way towards feeding yourself and family if food becomes a scarcity. Store in airtight containers, with an inert gas, so that what you do have does not become rancid.

A human can survive for weeks without food but only days without water. If you're stockpiling.

Become proficient with firearms. This involves practice, and ownership.

It is almost always better to hunker down than to bug out.

[–] [email protected] 5 points 1 day ago* (last edited 1 day ago) (1 children)

~~Every time I get to know my neighbors, things are going well and then they suddenly drop something wildly transphobic, homophobic, or ableist. The last one was especially horrifying back when people were still talking about COVIDβ€” "but it only affects old/disabled people!"β€” pretty much saying to your face that they're cool if you die.~~

~~Relying on other people in a survival scenario seems incredibly irresponsible. It's America. Your neighbors want you dead.~~

ETA yknow what this is cynical and unproductive. Just do your best to protect yourself but if you belong to a vulnerable group you already know that. People aren't inherently evil and I need to log off when I'm upset.

[–] [email protected] 3 points 1 day ago (1 children)

It’s America. Your neighbors want you dead.

Not all parts of America, my area is at least +50 Harris, someone being an open nazi walking around waving swasticas or doing the salute here will get their ass beaten.

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[–] [email protected] 13 points 1 day ago (2 children)

My neighbors are all fascists, judging by the flags they have flappin' in their front yards

[–] [email protected] 2 points 1 day ago

Damn, I guess I'm lucky. Here is at least +50 Harris, someone wearing a nazi armband and doing a salute will get their ass beaten, and nobody would report it.

[–] [email protected] 5 points 1 day ago

3%ers? Proud Boys? AfD? National Front?

[–] [email protected] 15 points 1 day ago (1 children)

Easiest access to the "inert gas" piece is dry ice from your local grocery store. CO~2~ is heavier than air. Wrap some in a tea towel and put it in the bottom of the bucket before adding the food. Then place the lid on but do not close. Keep in a place without significant air movement while the dry ice sublimates, pushing out the lighter gasses, before sealing the lid. This takes a few hours.

Times and amounts are purposely vague, as I don't remember them, but it should be easy to look up. If not, err on the side of too much and too long - the extra gas will just seep out the top.

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[–] [email protected] 72 points 1 day ago

Remember your local community is one of the most valuable resources. Get to know your neighbors, invest in your social capital.

I remember coming across post in a /r/collapse on reddit that poked fun at a lot of peoples plans. He stated he was in a war torn country and found a lot of plans revolve around personal survivorship instead of community based. And the immediate local community is the one that most people fall back on and the one that often times helps out the most.

[–] [email protected] 55 points 1 day ago (1 children)

As a teen we went through the collapse in the 80s when (in Canada) mortgage rates hit 21%. So Get your mortgage rate locked in now and don't have a renewel pending in the next 2 years.

For my family in the 80s it meant most income was going to the mortgage and we had to be very frugal. We ate a lot of potatoes and beans, no restaurants ever, and no extras. My dad also hunted, left over meats went into soups.

We are currently living frugally for reasons. We buy bulk dried chick peas, kidney beans, lentils (various kinds), frozen peas, rice. We stock up on potatoes , carrots, onions and canned tomatoes. With a large selection of spices and occasionally other ingredient we can make a wide variety of dishes. Weekly grocery shop is around $35-50.

I expect for those in the USA the luxury of lavish meals will need to become more like my frugal diet.

Drop extra services...do you really need more than one streaming service, could you go without and scour the thrift store for BlueRay / DVDs , the libraries have free rentals of new releases.

Carpool. Barter between neighbours to exchange services.

[–] [email protected] 14 points 1 day ago (4 children)

Barter between neighbours to exchange services.

Facebook groups and market place is great for this.

Always go there for first. And remember in order to make this work, got to buy AND sell.

Each second hand transaction denies the parasites profit!

[–] [email protected] 7 points 1 day ago (1 children)

Craigslist also has a free section, we have given and received on there.

[–] [email protected] 2 points 23 hours ago (2 children)

Yeah thats old school. That's where I started try to get back into the trading original but it seems now Facebook is the place tho as much as I hate Faceberg :/

Network effects strike again

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[–] [email protected] 33 points 1 day ago

Save money and get to know your neighbors.

Trump probably won't cause total collapse, so a basement full of beans is unlikely to be useful, but anyone relying on welfare or part of a minority group will need support. Savings will help with that, and could come in handy if you yourself get fired, either because of discrimination or economic recession.

[–] [email protected] 18 points 1 day ago (1 children)

Local libraries are a great way to substitute your entertainment budget for something more affordable. What's more, if you volunteer and help out you'll make a whole lot of connections who can help you back.

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[–] [email protected] 40 points 1 day ago* (last edited 1 day ago)

As another has said, strengthen your local ties. In the event of a collapse, we're all going to be affected in one way or another. I think the biggest thing is fostering a culture of cooperation rather the competition. That means avoid prepping, avoid emptying store shelves, avoid hoarding goods en masse in your basement or shelter.

I think a good first step would be to look for local mutual aid groups. Just Google your town or state + "mutual aid". These groups are already out there directly servicing those most in need, and are the most ready to spring into action when a disaster strikes (here is some testimony about mutual aid group action during Hurricane Helene)

Oftentimes these groups are open to volunteers or donations and will be active during natural catastrophes, and I'd imagine economic ones as well.

[–] [email protected] 42 points 1 day ago (1 children)

Learn how to cook, go on some camping trips. You'll learn a little bit of self-sufficiency and get a break from society.

Take care of your mental health. The first thing that breaks down in a disaster is usually your mental state.

Discuss your emergency plans with the people that you would be including in them. Know where you're staying if you need to hunker down and know where you're going if you need to leave.

At the end of the day if there's a full economic collapse there's not much you can do except survive and take care of yourself and those you love. A total economic collapse means your money won't be worth anything, your investments will go to zero, and your best bartering chip is going to be food/water over a chunk of gold.

[–] [email protected] 8 points 1 day ago* (last edited 1 day ago)

Skills are a good bartering chip. Things others can't do, or can't do to your abilities. A rare skill set or talent/ability will get you really far. But you have to advertise that ability. An engineer that can make a working electrical system out of car batteries and alternators will be worth more than a literal tonne of gold. Someone who can cut hair, valuable. The more you can help a community, the more accepting they'll be of you. A biologist would be amazing.

"Yep, that's hen of the woods, totally good to eat."

Vs

"I mean you COULD eat that, it won't kill you, but you'll be seeing pink Floyd's music"

"Never heard of pink Floyd"

"Doesn't matter, you'll know it if you eat that"

Vs

"If you fucking so much as touch that, I'm leaving, because you'll start projectile shitting your internal organs"

Yeah, biologists will be super valuable.

Edit: I am not a biologist.

[–] [email protected] 19 points 1 day ago* (last edited 1 day ago) (1 children)

Do any vehicle maintenance you can now. Look up common issues for your vehicle and maybe buy those parts as they might be extra expensive due to tarrifs. If you need to you can sell them later.

Secondary used markets are going to be huge, so set aside anything you think people will want in the future. Buy an ebike just in case driving becomes too expensive. Download as much media as you think youll want because theyre trying to ban piracy sites and free options may dissapear.

[–] [email protected] 11 points 1 day ago (1 children)

The free options will still be there. Banning a few pirate sites will make it less convenient for streamers, but bittorrent isn't dependent on those sites and tools like Tribler can find them straight off the DHT.

[–] [email protected] 4 points 1 day ago

We'll see hopefully they have to play whackamole and keep having to go to court and waste their time.

[–] [email protected] 14 points 1 day ago* (last edited 1 day ago)

Build a garden if you can, join community efforts like mutual aid, and form or join a union. We are strongest together.

[–] [email protected] 12 points 1 day ago

I’m going to say a few things about food and also assuming prices will go up and not quite reach an economic collapse:

Secure your food, learn to prepare cheaper, more plentiful foods in a way that is tasty to you (look to rice and beans). Consider purchasing or creating emergency food reserves. Consider purchasing more canned foods which can last for years. If you have freezer space, consider vacuum sealing food to keep them for longer.

Generally, look for ways to reduce extraneous cost and rely more on yourself and your immediate community. (This will be difficult to do, no mistaking it)

[–] [email protected] 8 points 1 day ago

Quit being poor, works 100% of the time.

[–] [email protected] 5 points 1 day ago

Learn about gardening and join a shooting range I guess.

[–] [email protected] 5 points 1 day ago* (last edited 1 day ago) (3 children)

Friend, you need to be a prepper!! I feel so good having extra of everything I need!

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