By: Tom Chatham
The prosperity we once knew as a nation was made possible because of cheap oil. When the EROI, Energy Returned On Invested, was at 30/1 we had unprecedented prosperity. The EROI is now falling below 10/1 and is taking prosperity with it. The EROI is the amount of energy we expend to get energy, in this case oil, out of the ground. We are getting 10 units of energy for every unit we expend to get it. Shale oil production results in 5 units of energy for every unit we expend.
This matters because everything we use depends on cheap energy to maintain the status quo. An EROI of 10/1 is necessary to maintain our current standard of living. The Hills Group project oil will drop to $11.76 by 2020. This may sound good on the surface but cheap oil will not mean much if you have no job and no money to buy it. As the next depression sets in many more people will lose their job and as a result prices will collapse. They project by 2020 we will have 75% fewer gas stations as a result of collapsing oil.
Today most of our population lives in the city. When jobs see their final collapse those people will have no way to survive. Living in the city requires stuff being brought in from other places. Those living in the city must pay for this stuff with the pay they earn. No jobs mean no pay and no goods.
During the last great depression many city dwellers had family in the country to move back in with to stay fed but most city dwellers today are several generations removed from the country life and no longer have living family members in the country to move in with.
Many of the farms that were left to city dwelling children after the parents died were sold and the money either spent or put into paper assets for retirement. When those paper assets evaporate those people will have nothing to fall back on.
I have said before that when this next depression hits it will devastate everyone and the only way people will be able to get by is if they produce most of their basic goods themselves. This will require a small farm and a family to help run it.
The U.S labor department has reported that productivity has declined for the third straight quarter. The real hourly wage increase reported in the first quarter at 4.2% has been revised to a decrease of .4%. GDP growth annualized for the first two quarters is 1%. S&P 500 companies are reporting declining earnings for the fifth quarter in a row. Economic growth is at its weakest rate since 1949. Gold is up 25% this year so far. All of these metrics are indicative of a stagnant or declining economy at a time when we are told everything is doing great.
The massive amount of money being printed is the only thing holding the economy in place right now but we are now moving beyond the point where that is even effective. From here on out more money will only cause more damage and it will compound the effects when the economy finally fails in earnest. Those that do not see this train wreck coming will still be sitting calmly as everything falls apart around them. They will be lucky to survive the impact and will be totally helpless in the days following. Those that see the danger will have gotten off a long way back and will be in a better position to help themselves and their family.
It is good to help others but you can only do so after you have taken steps to help yourself. The carnage we are about to see in world markets will affect everyone in some way. The best way to help is to understand what is coming and be prepared to deal with the realities that will follow. Global markets will revert back to local markets and those prepared for these changes will survive the initial collapse and thrive in the aftermath.
You can read more about EROI at https://srsroccoreport.com/the-coming-breakdown-of-u-s-global-markets-explained-what-most-analysts-missed/
By: Tom Chatham
Should you dig in or bug out? That is a question many people will have to ask themselves at some point in the future. That answer will be different for many people due to a range of circumstances and conditions.
What is right for one person and location may be lethal for someone else in another location. That is why you need to have situational awareness and critical thinking ability. You need to analyze the threats and determine the best course of action in that time and place. What once was a safe location could quickly become a death trap if you fail to see the changing situation. This is why normalcy bias kills.
Just like a person who loses their job and decides to stay where they are and continue life as normal while watching their savings quickly depleting. They fail to look ahead and contemplate the dangers if they take no action. If they did an honest assessment and determined they probably will not find a new job before they run out of money and lose their home, they would come to that conclusion while they still had resources to work with and determine a safer course of action.
Your knowledge, location and preparedness level will largely determine what you should do at any given time. When disaster arrives what you do and when you do it will determine how well you overcome the problems and make it to the end.
If you live in a large city and something happens that destroys basic services and the ability to care for your family, you may not have much time to act. In some situations you must act before the disaster strikes if you are to have any chance of getting through it. Hurricane Katrina is a good example. Martial law that cuts off cities from surrounding areas is another.
In most survival situations your chances of survival in a rural area is about 10 times better than in a city. That is because you have lower population density and you are surrounded by the resources you need to survive. That means fewer people competing for those resources. You also have the space to produce more resources that you need over time.
Even in the country you will face dangers and have to determine if you should stay in place or move to another location. Fires, floods or roving bands of survivors from other places may make a rural location unsafe. You need to see those dangers coming before they happen and decide your best course of action.
In the end, your knowledge, location and preparedness level will help you decide what you should do before you find yourself in a situation you cannot get out of. There are many unknowns when a disaster happens. Being prepared and having thought through some of those potential problems reduces some of those unknowns so that you can make good decisions. The better informed that you are, the better your decisions will be.
The decision to dig in or bug out will be a pivotal moment in your life because it will have serious repercussions on future events. You need to make decisions that greatly enhance your chances to survive not put you in more danger. You need to expand your comfort zone to allow you to think outside of normal situations and doing so will help eliminate your normalcy bias and give you the best chance to make good decisions in a timely manner. When the worst happens, you may not have the benefit of someone else telling you what to do, it will be up to you to make those decisions. Once you make a decision you will have to live with it.
By: Tom Chatham
It has been a long wait for the silver bugs but the future may indeed see them richly rewarded for all of their patience. Those that have held on are now about to see the end game unfold.
There have been many projections on the highs that silver could hit in the future ranging from a low of $100 to highs of $1,000.
It should be noted that much of the above ground silver has been used in the past few decades for industrial purposes that leave most of that silver not reclaimed due to the small amounts used in individual products. The plans of China to increase solar production will take a great deal of future silver production to power their energy grid.
The current production has silver at about a 10 to 1 ratio of gold. On the surface this means that silver should be valued at least at the 10/1 ratio. The current disproportionate ratio of 78/1 will insure silver rises at a higher percentage than gold during the current bull market.
If current projections of $10,000 gold are anywhere near correct that would put silver in the $1,000 range. Regardless of the ultimate price, gold and silver will rise substantially as chaos enters the markets. It is this chaos that will also require people to store the necessary resources to care for their families until the chaos subsides. Gold and silver holdings do not insure access to resources during chaos but will be valuable afterward to take advantage of good deals due to revaluations in the economy.
In times like this when most people are at risk of losing much of their wealth, the current low price of silver can help the average person not only preserve what little wealth they have but even increase it many fold to offset the failure of incomes to keep up with real inflation over the past few decades.
This is a once in a lifetime opportunity to beat the bankers at their own game. When the economic leverage shifts back from the paper wealth to real money those holding real money will reap the benefits. Even small holdings of silver will help individuals to insure their wealth will remain in tact after this economic cycle comes to an end.
Gold and silver are a form of escape hatch in the banker controlled economic system we are forced to play in. When they pull the plug on the current paper wealth, those that know no better will cling to those worthless paper assets to the very end never dreaming they will someday be totally worthless. The very few that understand what is taking place will use that escape hatch to save what they have so they can continue to prosper in the future.
The bankers know of this escape hatch but they have few ways to close it without alerting the people so they use their position and trust to convince the population this doorway is dangerous. They call it a barbarous relic that has no place in a modern society. They do this because they know the truth. If they can convince the people long enough, by the time people know the truth it will be too late to exit this door.
Those that have already taken this door out of the system are now looking in at the fire that is about to burn the house down. When the rush to the exits happen, many will not make it out. There is still time to get out ahead of the crowd but time is now very short. Any more procrastination on your part will likely be lethal to your economic health. On this Independence day free yourself from the banker controlled system by purchasing some real money and renew your declaration of freedom.
By: Tom Chatham
The forces are mounting that will eventually overwhelm most Americans and send their standard of living to unknown depths. Americans that have only known the post WWII prosperity are ill equipped and educated to deal with depression level living. Easy credit and instant gratification have created a nation of whining, self absorbed, entitlement minded people with no moral or mental toughness.
Doug Casey believes we are headed for what he calls a super depression created by the ending of a debt super cycle. The bigger the debt cycle the bigger the depression that follows. That’s how reality works and most people are not prepared for reality.
When this depression, which has already started, gets momentum, it will overwhelm the plans of a society that is expecting to get things like social security, pensions and payouts from retirement plans they have paid into for many years. All of those things will disappear almost overnight and leave society gasping and stupefied over what to do. Their reactions will be to yell and scream and try to identify who to blame but the only person they should blame is the one in the mirror.
Many very smart people have raised the alarm and done their best to warn the sleeping public, but those slumbering masses have ignored the warnings and hit the snooze button one more time. The masses do not understand economics, do not want to understand economics and they will pay dearly for that ignorance in the coming days.
When the real unemployment rate becomes common knowledge as it increases substantially, people will be left to survive on what resources they have saved up outside the banking system that cannot be stolen by the politicians and bankers. That is a key point here. The assets you have outside the system that cannot be stolen from you with a few key strokes on some computer.
Those hoping for some miraculous event that will send the U.S. back to the days of manufacturing might and jobs for all will never see it happen. Those days are gone. The west line theory tells us our economy will slow down and become more modest as the shipping center of the world moves west to the next powerhouse region which is Asia. This is what history teaches us.
When people suddenly wake up one morning and they have no job, their retirement is gone and they need to care for their family, what will they do? When government services have collapsed and they suddenly realize they are now living in a third world country with few government services, what will they do? When the banks are closed and only a select few connected people have any type of money or access to goods, what will they do?
This is the reality that many people will face in the future and they have no idea how bad it can get. They refuse to contemplate the harsh reality they will be living in and take steps to mitigate the effects. To do so would be to acknowledge it could happen and they are taking personal responsibility. Personal responsibility is a dirty phrase in today’s entitlement society. To see some of the effects one only has to look at the collapse of society in Venezuela today to see what awaits.
When it happens it will all fall back to you to take responsibility for your family and take care of them for the duration. To do that you need to plan now for that eventuality and build up the resources you will need to provide food, shelter, clothing and security when the system fails to do it for you. You need to be Noah on his ark not the people watching as he floated away.
Having resources stored up is a must but it may not get you all the way through if the situation lasts for many years. That is why you need some type of plan to replace those resources as time goes by and have some way to generate some type of income or at least items to trade. Usable goods are for the short term and things like gold ,silver and production equipment are for the long term to help you get through the crisis with the least amount of pain.
Even with proper planning the days ahead will not be easy as the standard of living of society will fall substantially to levels only seen in failed third world countries or old pictures. The assets actually owned by people today is very small compared to how they live. They will default on their home loan, their car loan, and their credit card debt leaving them with very few real possessions and few ways to move what they have left even if they have some place to go. Ultimately these people will become the new serfs to the wealthy class that will take possession of anything of value. Feudalism will once again rule.
The lack of planning by society will make this a reality if it is allowed. What will you do when everything you have worked a lifetime for is suddenly taken away? Do you have a plan to keep what you have? Do you have a plan to make money when you cannot find a job? Do you have a way to take care of your family until things stabilize? Do you have a home you will not lose if the whole system breaks down? What will you do if electricity or fuel is too expensive to buy or not available to the general population? These are the questions you should be asking yourself now and you better have a good answer because your family will be asking them when the greater depression sets in.
By: Tom Chatham
When a national currency collapses, the government goes into survival mode and does what is necessary to insure its continued existence. The state power becomes all important and citizens become expendable. The state exists for it’s own fulfillment.
When the monetary system collapses along with the banks, the government will still need a way to pay government employees to insure they continue enforcing the governments will. If all government employees suddenly decided to stay home the few officials that remained at their desk would be ordering 300 million people around with no way to enforce their orders. To maintain control of the population it is necessary for government minions to continue doing their job of enforcement.
This means the government would need the means to continue fulfilling the needs of government employees to insure their compliance and obedience. As long as people get the things they need to survive day to day they will continue to do as ordered to continue that supply.
The government would need to insure that a payment system and banking system would remain functioning after a collapse. The banking system may not look like the current one but something would have to take it’s place. Once the currency has failed it would be necessary for the government to issue a new currency. It may not be accepted by the majority but it is only necessary for it to be accepted by the government minions. This would allow the government to remain in control.
If the government employees know they will still be able to get food, clothing, gas and other items they need when normal citizens cannot, they will be inclined to stay on the job and do the governments bidding in order to maintain their standard of living. This would be a necessary control mechanism in the event of a collapse.
Once the banks collapse along with the currency, the FED could take over any bank branches necessary under the control of the Fed and issue the new currency through them. There may be some form of physical currency or it could be digital. Either way the government would have control over who gets any in the beginning.
The government would likely confiscate any resources it needed to fill “government stores” for the purpose of supplying government employees. The rest of the population would be left to get by on their own. In this event EO 13603 becomes more clear as the mechanism to take whatever the government needs to fill these stores and keep their people supplied. In a collapse physical goods become the only thing that matters.
Those that have the things government needs will likely be sent to camps and their property taken for government use. Those with special skills that are needed to continue the supply functions would fall under the control of government agencies and be subject to internment if they fail to do their jobs. Once government has control of critical infrastructure they can let the remainder of the country fight among themselves and do the governments job for them. The few who remain after a few weeks will be easy prey for the government.
I do not claim this will happen, only that it is one possibility in the event of a total banking collapse. Those in power will do whatever they must to stay in power. That much is born out in history. This is not meant to scare you but to make you think about the possibility of this event and plan accordingly should the worst happen. Should the government confiscate resources following a collapse, you will need to be two steps ahead of them and the general population in order to get through the events in one piece.
Many feel a collapse of any kind is impossible in the mighty USA but times change and anyone that fails to heed the warnings will pay dearly when events unfold and they find it is to late to get the supplies they need. People buy many types of insurance just in case. They save for retirement just to make sure. Then they ignore economic warnings that make all those things useless. The government helps people when it is convenient for them. The government has also shown its willingness and ability to take from people when it suits them. Any government big enough to give you anything you want is also big enough to take everything you have. And, they will eventually.
By: Tom Chatham
With more and more people raising the alarm about a coming recession, and possible depression to end all depressions, it is only natural for people to think about where they should put the wealth they have been able to hold onto. If you still have any wealth to speak of after the past several years, congratulations. If any of that wealth is in paper assets that can disappear overnight, you really need to think about a safer place to store it in the coming months and years.
As they say, if you can’t hold it, you don’t own it. If the banking system shuts down due to hackers, enemy attack or government edict, any money you think you have could disappear quickly never to be seen again. At that point all you have to prove it ever existed is a piece of paper that no longer means anything.
We are heading into a rapidly changing future where nothing can be taken for granted. When the current social and monetary system ceases to function, you will need wealth in the form of physical items to get by from day to day. Wealth is the excess production you have to save for the future. It does not matter what form that wealth takes as long as it preserves value for future use.
In a serious crisis, wealth in the form of physical goods can mean the difference between suffering and getting by. In a crisis, physical goods are as good as cash when the time comes to trade for items you need. In today’s crumbling system there are some notable goods that not only hold their value but can increase in value when times get tough and people scramble for limited resources.
These not only provide security and can put food on the table but they hold their value over time better than many items. They can be worth many times their original cost when they can no longer be bought due to the lack of a functional financial system or decaying social condition.
Like guns, ammo can be stored for many years and current social conditions seem likely to make ammo costs stay relatively high for many years to come. Like food, when you need it you will be willing to pay many multiples of it’s original cost to get it making suppliers very important people.
Any disruption of the food distribution system for prolonged periods will force people to return to home canning to insure a food supply for their family. Most people no longer have canning supplies at home and when the time comes that they realize they need them, the cost will be very high if you can even find them. Anyone stocking extra canning supplies beyond their own needs will find them a good trade item when the time comes. Canning supplies like everything else will continue to rise in price in the coming years.
Gold and silver-
As the ultimate time tested wealth storage mediums, gold and silver will allow those that store them the ability to make good deals in the future when paper assets have lost all value. It does not matter if the price goes up or down, they always maintain their value through good times and bad. Today, price manipulation has made these metals available to the public at a major discount to their actual value but that will only last as long as there is confidence in paper. Those stocking up now will reap the rewards for their forward thinking .
Alternate energy systems-
When the grid goes down or energy prices spike at a time when many people no longer have meaningful employment, the ability to maintain energy in your home will mean a great deal to impoverished families. Generators are great but during a long term crisis, the ability to maintain power with a generator is limited. Even if you have a large supply of fuel your generator will likely fail at some point due to extended use. Solar and wind power systems offer the advantage of a one time expense and after that offer years of low or no maintenance to maintain power for critical systems such as lights and refrigeration. They are also much quieter than generators to avoid undue attention from the community.
Tools can come in many types and forms. Tools allow you to fix or build items you need. They also provide you with the means to provide services you can charge for giving you a business to fall back on if it is ever necessary. Good quality tools can last a lifetime and maintain their value over time.
Knowledge is power. When you have the proper knowledge you can write your own destiny. Knowing what to do and how to do it when everyone else is running in circles gives you a major advantage in life. Knowledge also provides you with the ability to use that knowledge for trade or business purposes that can earn you income for items you need. It is difficult to put a price on a good library.
In a crisis food is the ultimate currency. Regardless of what the social conditions are, people will need food. Since most of the population lives in urban environments today, they are dependent on food deliveries to stay fed. When that system fails those with excess food supplies or an ability to produce more will have a form of wealth they can use. Your money will actually be growing on trees.
There are many resources that you can store depending on your abilities and needs but these offer some of the best returns for the investment over time. The need to store wealth is for future consumption when you may not be able to earn the money due to age or economic conditions. The ability to invest some of your wealth now in items that will reduce consumption and supply your future needs is a winning proposition for most people. Only you can know what you expect from the future so you must plan accordingly now to avoid the worries later.
By: Tom Chatham
The road to recovery from any type of societal collapse is largely dependent on the mechanism that caused the collapse. For this reason we need to determine what the likely cause of the collapse will be and have the appropriate equipment to fix the malfunction after it happens. This requires society to take a realistic look at the situation as it is and not how we want it to be.
Most people do not even realize that we are heading for an economic collapse of epic proportions so talking about recovery may seem like we are getting too far ahead of ourselves. What you need to understand is that what we do now, before the collapse will determine how well we are able to recover from it and how fast. When you leave on a trip you pack the appropriate clothing and make sure the car is running well and you have emergency equipment like a spare tire with you just in case. When the economy collapses if we do not have the proper emergency equipment on hand to fix the problems, we will find ourselves stranded and unable to move anywhere.
From a societal standpoint, being unable to move means we will not be able to resolve any of our problems quickly and will out of necessity begin to prey on one another to fulfill our needs. This is what will cause loss of life on a monumental scale as the crisis is drawn out over time. Having the proper emergency equipment and a plan to use it will greatly reduce the suffering that is endured by society. This does not mean there will be no pain, only that we can keep it manageable.
A nations wealth is derived from having a product to sell. A service economy is dependent on having a wealthy society that has sufficient disposable income to support service jobs that consumers pay for rather than doing the jobs themselves. A society cannot get wealthy by washing each others clothes. There must be some type of real production to generate true wealth.
For this reason, the type of collapse many western nations now face will require them to have the ability to actually produce real goods following any collapse to begin the generation of wealth that is required to lift society out of any depression. This means society will need those with insight to have the necessary emergency equipment standing by after the collapse to begin the production of real goods and provide people with real jobs. The lack of jobs and resources following any collapse will mean poverty and predatory actions by society when things finally bottom out.
Most of the manufacturing ability of America has been shipped overseas. This means when a collapse occurs here we will once again need the ability to produce those things we need because we will lack the ability to buy them from others. The lack of a functional manufacturing sector means we will suffer in the future if we do not set aside the necessary emergency equipment we will need in the future to restart our manufacturing ability. As with many things we will need equipment to produce other equipment to build up that ability. The lack of this basic equipment to rebuild that manufacturing ability will doom this nation to poverty and third world status for decades to come.
This does not necessarily mean we will need to build large factories with thousands of employees. We will likely need to focus on smaller mini manufacturing sites employing a few dozen people in each. This is a first step to building larger more productive factories in the future. .
China has embarked on a building spree over the past decade and the result is the existence of many ghost cities and new infrastructure all over China. They possess all of the manufacturing technology of the west and the factories to produce the goods. They have also sought to secure raw materials all over the world for future use. They have built up a huge stockpile of gold. All of this means that China has positioned itself to have the necessary infrastructure to recover from any collapse that the world may face in the future. They have the equipment to build their own wealthy middleclass to fuel their rise in the future. They will do what the U.S. did in the 20th century and build up a wealthy middleclass and become a world leader economically, militarily and politically.
Americans need to realize that China now owns vital ports and businesses in the U.S. Following an economic collapse China will be in the position to increase its manufacturing ability in the U.S. and smother any American attempt to rebuild its own manufacturing ability making it independent of foreign influence. This is the threat to America recovering any future collapse if we do not have a large number of independent operators that can rebuild manufacturing ability at the local level quickly following any serious event.
If America wishes to remain free, we need people with vision to prepare for this eventuality and be able to respond with a new program of production to counter the many dangers we will face in the future. There are two areas that should be concentrated on as far as production is concerned. The first is the extraction or harvesting of resources and raw materials. The second is the conversion of those raw materials into finished goods.
Once you lose the ability to work and earn a living you become a government serf that is forced to bend to their will as you ask for handouts to survive. In an economic collapse the medium of exchange is destroyed along with the savings of the masses. When this happens people can no longer buy the goods they need to survive. Two of the things that survive collapse are individual labor and raw materials. When you can combine these with a third item, production equipment, you have the means to provide the basics of survival for the people and a means to produce their way through the difficulties they are facing. Absent a medium of exchange people will still be able to work for the things they need. This is the key to overcoming a serious crisis that can fracture the population and destroy societies.
Small localized production can make all of the difference when goods are needed to sustain families at the most basic level. The basis of any society is the ability to produce agricultural products. Food is a basic necessity and is the basis of any prosperous society. It is the first level in any production scheme to provide basic goods. Food provides the means to support industrial production. Industrial workers earn pay so they can buy food for their families. Food becomes the primary trade item to support other types of production that eventually provides a higher standard of living for society.
In a collapse, a food producer with a small industrial facility can trade food for the labor to produce factory goods that provide value added goods for society he can trade for other items. With this type of production, a community can overcome economic obstacles even in the absence of a medium of exchange. The industrial equipment could be as simple as a portable saw mill, a grain mill, fiber processing machines such as a spinning wheel and floor loom or a shop filled with wood working or metal working machines. The size and scope of production will be dependent on the abilities of these forward looking individuals to procure these machines prior to any crisis.
This may seem like pie in the sky dreaming to some but the fact remains. The future will only be as difficult as we make it. If we fail to prepare then we are preparing to fail and that will cause suffering on an unimaginable scale yet to be seen. Even a small amount of preparing can yield huge dividends when the time comes so anything you can do to prepare for the changes to come will be worthwhile. I am a big believer in infrastructure and the benefits it brings with it. A farm with specialized equipment can produce more products and create more wealth than one with typical farm equipment. Someone raising livestock that sets up their own small processing facility can process their meat for increased worth and has the means to hire persons to do the work for payment in food products. A dairy that has the ability to produce cheese can increase their product line and produce a product that will keep longer.
When crisis strikes in the future the amount of infrastructure available at the local level will determine what hardships we will face. The production of real goods is the only way we will get through a future crisis and keep society in tact for the duration. The wealth of local communities will depend on what products they have to offer in the future. A lack of local production will end with poverty and societal breakdown that may not be recoverable for many years to come.
By: Tom Chatham
There are many people in the U.S. planning for hard times these days but even those numbers are just a small percentage of the entire population. Most people still believe the government line that everything is getting better. They want to believe life will go on as always because the alternative is too much for them to think about.
Those that are preparing have made the mental leap required to prepare themselves for a future that is less than normal. They have reduced their spending on normal consumer items and reallocated those resources to items that will help their families cope with disruptions in the future. They are preparing for the uncertain times ahead.
Most of these people are imagining a time when resources are cut off or hard to find for a period of time. They are trying to imagine the worst case scenario and prepare to get through those times in tact. They are storing supplies to meet their needs for this period of time. While that is a good idea and will benefit them greatly when the time comes, it may not be enough.
The future that stands before us will be a period of catastrophic change. Things will not be as they once were and they may never be that way again in our lifetimes. It is for this reason that planning for a period of disruption may not be enough. A longer term plan may be required to ensure sufficient resources for the rest of your life.
This will require you to think bigger than you have and develop a plan that goes far beyond your current stores. It does not have to be a big plan or an expensive one, it merely has to provide you with a road map to help you maintain a reasonable standard of living.
Your first reaction to this may be, I don’t have the resources to prep now so that is just not possible. You need to keep in mind that any plan of action starts out as a written plan to act as a guide. It will cost you nothing but some of your time to think about possible actions you can take in the future and write them down. That is always the first step to solving problems that seem too big to handle by yourself. As you write them down and address problems one at a time the bigger problem will become many smaller problems you can easily solve.
There are no guarantees for the future. The way you live today will likely change in the near future. When those changes happen you may not have the ability to live as you do now. Your income and living situation may change and when they do you will have to come up with solutions. If you have already come up with solutions and planned a course of action when it is necessary, it will be easier for you to remain calm and confident as you change your lifestyle to cope with the changing conditions. Here are some questions you will need to answer to get you started in your long term planning.
How will you feed yourself?
Where will you live and what kind of shelter will you have?
How will you provide clean water to drink and cook?
What will you do for clothing?
What kind of sanitation will you have?
How will you stay healthy and provide medical care?
What will you do for transportation?
What kind of communications will you have to stay informed?
What kind of security will you have to stay safe?
What energy resources will you need and how will you provide them?
What will you do to earn money or trade for goods?
What special equipment will you need to live and prosper in the future?
These are some of the questions you must be able to answer to insure your living conditions are sufficient in the long term. Simply answering these questions now will provoke you into thinking about possible solutions to future problems that you may not want to think about right now. Keep in mind that your living conditions will likely change radically in the future whether you plan for it or not so you will make it much easier on yourself if you think about it now.
When answering questions about the future keep in mind that you must be thinking about providing resources for years and not just a few months. This will mean you must have a plan to produce or procure resources in some sustainable way. The more resources you can produce yourself the easier time you will have procuring them. Any production you have will also provide you with goods to sell or trade. Thinking through this type of situation will many times provide you with solutions to problems simply by solving other problems. The more thinking you do now, the less you will suffer in the future.