kenny,
I am being very reluctantly led to consider such possibilities.
Therefore, I would welcome all-comers to shoot them down and give us a brighter picture.
Cheers!
Actions to help Survive Worldwide Financial Meltdown
1. Convert all liquid assets to other liquids - invest in personal water, freshwater stills, fuel, evacuated tube solar hot water systems or just learn how to make your own, rainwater catchment systems and greywater recycling are all good places to start. And if the financial crisis doesnt show up, you’ll still be ahead of the curve.
2. Water filters - learn to use them. as infrastructure fails, so goes the water. otherwise, its drink pee for u n me.
3. Mosquito nets - this is more of a global warming thing. but everyone should have one anyway.
4. Get Religion - Religions generally do pretty well at keeping everyone working as a group - until the koolaid. particularly beneficial if the community owns its own farmland, and can defend it against non-believers.
5. Stick with intelligent people - avoid the strong and stupid. They may have good short term rates, but their long term investments usually get killed off before they can get off the ground.
6. Dont hold cash: spend it - get rid of cash. the staple of every financial meltdown and apocalyptic book or movie is the sudden uselessness of cash. Guns and food seem to be popular alternatives. and enslaved citizens you can entice to work for food crumbs.
7. Join the Army - This is a better point than it may seem at first. Armies throughout history have been one of the first off the cuff solutions to severe economic problems. Adrenaline keeps the hunger pangs down.. for awhile, at least. Plus, there is free food… if you fight.
8. Intermarry - If you are in the survival game for the long haul, this is a very good suggestion: focus on the gene pool.
9. Food for Survival - now, survival food is a tricky area to manage. The best bet is to follow the example of locavores and locavolts: no, not the trendy yuppie franchise and goat cheese eclairs, but rather, the do-it-yourselfers. As in, get yourself a farm. But the real qiestion is, what type of food will be best in a worldwide financial meltdown? Things like rice, potatoes, grains, and starches are important, because they are big imports, at least in the US, so their availability will decrease. Rice and beans in particular create a full protein when used together, and they last a long time without refridgeration. But dont forget citrus or a source of vitamin c, vitamin d for ricketts, and… well, the list goes on. For best resources, study the journals of explorers such as Shackleton, or the desert explorers, to find out what might be best for you.
10. Power - it might seem that power is very important to survival, but actually, its a luxury. What is more important is listed above, ie, the all important WATER FILTER. Nevertheless, for radio contact or other small uses, a simple solar panel/car battery setup is cheap, and lasts. Boat liveaboards have used them in some cases even before the early “hippies†did. Wind turbines are also ok, but they are mechanical, and are used best for simple things like water pumping, not electrical generation.
11. Water heating - lay in a supply of Evacuated Tube Solar Hot Water heaters. These things crank water heat up to 280 deg f. on a Minnesota winter day. Which can be a problem in the summer months. They are fragile, though, and once you run out, the manufacturers wont be around to deliver to your doorstep.
OE2008 on 19 Feb 2009 wrote:Hi LenaH,
I make regular visits and read most of the postings. This is a more serious forum with quality postings/opinions. Dont have much to contribute, so avoided poluting with more noise.
I am still a bear and have avoided further punishments by the sell down. Still very much a trader's market with enough opportunities for the bulls as well as bears to scalp some pocket money. Not for me though.
On predicting 2009 direction, I heard a TA analysis on CNBC this afternoon, based on e-wave which says the S&P is on a 5-wave down leg which is the C of the ABC correction from Mar 2000. C started from Oct 2007. There is a bright side, the bottom is near. IMO, this is expected around May/Jun which should see a more sustained rally. So much for prediction
Btw, USA has become a socialist country. President Obama is another do-gooder and his Administration has initiated another string of bailouts. He really does not have much choice. Much of the mess were made for him to clean up. If his efforts fail, the D word shall follow soon.
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