1. Food shortages can and do happen. Most people take their “daily bread” for granted. We all expect the shops to be fully stocked with our favourite brand of cereal. The truth of the matter is that stores and supermarkets only have between 1-3 days supply of food at the most at any given time. Once that runs out, there is no guarantee at all that the empty shelves will be restocked. In an economic crisis, there will be no money to pay workers and as a result, they won’t have any incentive to work. Just think about all the workers involved who keep the cogs that drive our supermarkets going, so to speak – truck drivers, packers, shelf workers – the list could go on and on. Those of us who prepare know better. Those who are unprepared (like most people these days) are the ones we will have to worry about.
  2. Medicine and medical supplies will be one of the first things to go. The two places that are looted first after any emergency be it a natural disaster or an economic collapse are supermarkets and pharmacies. I strongly suggest that you stock up on essentials such as basic first aid supplies, cough ’n cold syrups, painkillers, antibiotics, antiseptics, antihistamines and prescription meds while you can.
  3. The power grid could go down with the economy. A former employee of one of Australia’s largest power companies once told me that our power grid is a lot more fragile that most people ever dreamed. What happens when no workers show up at work because they know that they’re not going to get paid? What about no fuel to keep the power stations up and running? Both of those translate into no power!  Going without power for even an hour drives most people crazy! In a financial crisis, you’ll be looking at going without power for months and perhaps even years. Today’s modern softie society is so accustomed to comforts and mod-cons that I can’t even begin to imagine how life will be after the grid goes down. Just think about all the young people who are so attached to their smartphones and tablet devices only to remember that batteries run out and that there’s no way to recharge them.
  4. Don’t take water for granted in a financial crisis. Along with the grid goes our water treatment facilities that give us running water. They also require fuel to keep them going. Yes you can survive without running water. Yes its doable, but if you asked me whether its fun – hardly!
  5. Your credit and debit cards may stop working. Ditto. If the grid’s down, the banking system will mostly be as well. This means that the credit cards and debit cards that you so rely on to buy essentials such as food and fuel will be useless for purchasing anything. So much for a cashless society! My advice to you would be to keep a considerable amount of emergency cash on hand (in a secure place such as a safe, of course).
  6. Crime, rioting, looting ’n shooting will become commonplace. I don’t think its ‘maybe’. Rather, it will be a situation of “every man for himself”. The last time I checked, this was called anarchy, and let me tell you, anarchy doesn’t look very pretty at all. When unprepared people are desperate for the limited resources that are left such as food, water and fuel, they will resort to animal-like behaviour to obtain those resources. Many people may collaborate together in gangs to get the resources they need to survive. We have seen this happen time and time again in the aftermath of so many different disasters around the globe (Hurricane Katrina for example). These people will target places where they know that they can obtain food such as warehouses and even prepper’s stockpiles. Right now in Greece, people are hoarding the remains supplies such as food and fuel. Don’t be surprised if within the next 3-7 days that we see looting and rioting taking place.
  7. Expect to see average citizens bartering. With the currency valueless, credit cards and debit cards rendered useless and the sheer fact that most people don’t carry cash it is highly likely for a bartering economy to develop. Therefore, it is imperative that you have the skills and supplies specifically for bartering as a part of your preps. I will cover some high-value, bartering-suitable items in another article some other day.
  8. Suicides spike during a time of financial crisis. This is a very sad truth but something that does happen. During the Great Depression this is what happened. When things get tough – and I mean really tough, people will seek to take their own lives and possibly those of their loved ones.
  9. Currency may lose its value in a time of financial crisis. Just look at Greece and their Euro right now, for example.
  10. Finally, when things take a turn for the worst, remember that the government is not your saviour! It really doesn’t matter what the government say. They are not here to help you at all.  I reckon that is foolhardy to even think so.  Don’t depend on them to bail you out of trouble! Just look at the aftermath of Hurricane Katrina for example. The truth of the matter is that the government always, without exception, struggles to provide emergency assistance to its citizens in a time of crisis. That should give you a hint: get prepping! If you don’t know where to start, check out some of the excellent resources on Big River Trading Co.

Leave a Reply

Your email address will not be published. Required fields are marked *