economic collapse

Keeping Your Money Safe When the SHTF

safe deposit box

When life is going on seemingly normal, you’re probably not too concerned about having your money kept in a bank. However, when the SHTF, a bank will not be the safest place to keep it.

When to Withdraw Your Money from a Bank

Most people think about the convenience of keeping money in a bank and they don’t dwell on the risks. But that doesn’t mean there aren’t risks – and plenty of them. If you look at what happened in Greece and other countries in the not too distant past, you’ll see what happened to people when the banking system failed.

banking crisisThe banks simply shut down and limited how much of their own money people could have. People were left scrambling to figure out how to buy necessities, how to take care of themselves and people who’d traveled outside the country struggled with having the means to return home since they couldn’t access their money.

When your money is in a bank, you’re not the one who decides whether or not you’ll always have access to it. And if the government needs it, it can simply take it. When a bank gets in trouble, the money in accounts can be seized.

The time to withdraw your money from your account is the moment you know that a SHTF situation is imminent. Don’t wait and see what the government is going to do or what everyone else is going to do.

The only person who can make sure you and your family get taken care of is you. And always have money on hand to tide you over for months at a time, even if you leave some funds in the banking system.

Better Money Safe Options

If you have your money in a bank account, it can be taken. If you try and store it in a safety deposit box, it can also be taken. Just because it’s in a bank doesn’t mean you’ll have access to it or that you’ll always have ownership of it when you need it.

If your bank were to shut down for several days – or worse, for months – how could you get by? In a SHTF situation, it’s always best to have your money where you can get to it when you need it.

You can use a safe at home to protect your money, but you want to make sure you don’t make it easily visible or accessible to anyone but you. Never buy a grab and carry safe.

If you can snatch it up and go, so can a thief. Instead, use a safe that you can permanently fix to a spot. Have more than one safe because you never want to keep all your eggs in one basket.

Divide your money up between two or three safes for the best bet. Some survivalists use a cheaper safe and leave it where it can be seen. They’ll put a little bit of money in that safe so that if a thief does break in, he thinks he’s taken everything and he won’t search for more.

You can also place your money in airtight, waterproof containers and bury it. But only do this if you’ll be able to get to it when you need it. You can bury some on your immediate property and some on a bug out location.

Where to Hide Your Money

Besides a hidden safe, there are several other places you can hide your money. You can hide money inside your walls by hiding it inside a vent. You can tuck money away in your attic inside of old toys or tucked inside the hollowed out center of an old hardback book that you stack with a few other books.

Hide money in the insulation in your attic, basement or garage. You can also put money in separate envelopes and tape them underneath kitchen cabinets, bathroom cabinets or to the back of appliances.

You can get a waterproof container and hide money in your toilet tank. Some people hide money inside of food containers that they store inside their refrigerator or in the freezer.

Some people hide money inside of their medicine cabinet but in SHTF situations, medicine might be in short supply, and thieves will be looking for medicine. So choose a different hiding spot of you’ve been using this one.

If you have pets, you can tape money to the bottom of a dog kennel, a dog dish or a cat climbing house. Burying money in the soil of houseplants makes a great hiding place. Just make sure you use a waterproof container.

You could have several houseplants and have money stashed in each pot. Take the photos out of frames and tape money to the cardboard backing on the inside. Replace the photo and set the frame back in its original spot. Thieves don’t pay attention to family photos.

Hiding money in canisters or cookie jars can be an option, but thieves have been known to search kitchen canisters because they’re an obvious hiding place. It’s better to seal money in an envelope and tape it to the back of your refrigerator than to use a canister or cookie jar.

Tape money to the inside of CD cases, movie cases or workout videos. You can also place rolled up money inside hollow towel rods and hang them as usual in your bathrooms.

Buy lamps with dark colored bases. Lamps with white or light colored bases will sometimes show if there’s something inside of it. Unscrew the bottom of the dark base lamp and place money inside. When you put it back together, you can’t see the money.

You can also place money on the inside bottom of couch cushions, zip them closed and use as normal. There are endless ways to hide cash in your home. Of course, it’s then fragile in the event of a fire or flood, so take precautions with that.

What Bill Denominations Should You Keep on Hand When the SHTF?

When life on the grid is suddenly disrupted, life as you know it will be thrown into chaos. Without electricity, the world will be a different place. In a SHTF situation, the way that currency is handled and the way money changes hands during transactions is going to cease.

Without electricity and normal banking, your debit card and your credit cards are going to be virtually worthless. Not having any cash won’t be an option – not if you want to survive.

cashYou need to have cash on hand so that you can take care of the needs that you’ll have. But how you store that cash, how much of it you have and what types of bill denominations to have will all matter.

Most people have the mindset that bigger is better. They believe that storing rolls of hundreds of fifty dollar bills will see them through any SHTF situation. But you have to think the opposite of a normal day to day buying and selling transaction.

In normal life, you can easily use a larger bill. But in a SHTF situation, having larger bills could be of almost no value to you. Without normal ways to bank, you and those who do business as well as other survivors aren’t going to have access to change and smaller denominations.

That means your big bills won’t be usable. You don’t want to try to buy something you need and be unable to have it because the other person can’t break a bill that large. In this situation, even a twenty dollar bill can be too big. While it’s okay to have some tens, don’t stock up on those.

What you really want to stock up on are plenty of five dollar bills, ones and coins. This way, you can easily have bills small enough to be acceptable by others when you need to conduct business.

What some survivalists are doing right now is exchanging large bills for smaller ones and then hiding those smaller denominations in safe places around their home. Rolls of coins can easily be hidden throughout your home as well.

Why People Get Gold and Silver for SHTF Situations

The world is headed for a crisis because history has shown that SHTF situations have already happened and are continuing to happen. As these situations occur, society starts to break down in various areas and sometimes all at once, from electrical to housing to financial.

That’s why it’s better to get gold and silver for SHTF situations. There could very well come a day when your money will be of no value. Or you won’t be able to use it at all. The world could head back to the times when the only thing you can use to get what you need to survive is gold and silver.

While banking systems have failed, while the currency rate does drop, gold and silver have track records of holding steady in value. Plus, these metals come in handy when it comes down to bartering if necessary.

Even when the value of paper currency and coin is bottom of the barrel, metals like gold and silver will always be in demand. It’s a good investment to have gold and silver on hand in preparation.

When society collapses as it’s shown to occur already in several countries and even in isolated incidents in the United States, you want something that’s going to last for the long haul.

Most people think that once society is gone, it’s gone. But people are resilient and eventually rebuilding society will happen. Your gold and silver will not lose its value during a SHTF situation and will remain valuable when society is rebuilt.

When there’s a major collapse in society, every kind of paper currency is at risk for becoming useless. The government will no longer support the banking system and the you won’t be able to access funds.

Those who have direct deposit won’t be able to get any money. As the currency spirals into worthlessness, the value of silver and gold will skyrocket as it becomes the new go-to means of buying and selling.

If you want to provide for yourself and your family, you’ll want to invest in these precious metals immediately. In the event of a SHTF situation, gold and silver will become the main currency.

You can buy these precious metals in two forms. Either in bars or in coins. When you stock up on the coin form, they’re acceptable forms of currency. The face value of the coin will depend on the weight of the precious metal in the coin.

For example, if you purchase a 1 ounce gold coin, the face value is $50. Remember though, that face value is different from market value.

What to Barter with Instead of Money

Since money might not be an option during a SHTF situation, you need to have another way to get what you need in place. The world works on a supply and demand system. If you have what you need and then some, you can always trade what you have for what someone else needs.

During times where there’s a crisis situation, it will serve you well to be prepared with items that others are going to need. Most people aren’t going to be prepared with the tools that need, so having tools on hand to barter with is a good idea.

You’ll also want to have extra staples to use for bartering. This includes items like flour, sugar, salt, and coffee. Personal items like toilet paper, shampoo, feminine hygiene items, and razors are items others will be willing to trade to get.

Stock up on food extras like canned goods, baby formula, tea, cooking oil, and canned meats. You’ll also want to have a supply of medicines you can barter. This would be items like ibuprofen, aspirin, anti-histamines, antibiotics, and antacids.

First aid items are also good trade supplies to have. Batteries, flashlights, ammo, and fishing items are always in high demand during a SHTF crisis. Some people stock up on luxury items too, such as alcohol and cigarettes.

Physically Protecting Your Money from Theft

During a SHTF crisis, if you have it, you can bet someone else wants to try to take it – someone who didn’t prepare and now they’re desperate. You can hide your money in a home safe.

You can stash it in various containers and locations. Hiding money and locking it away is a good, preventative measure. But sometimes, even if you’ve hidden your money, you find yourself in a situation where you’re going to have to physically protect your money from theft.

protectionYou’re going to have to decide if it’s worth the fight or not. You can determine if it is or not by whether the money the thief wants is all you have or if it’s a substantial amount. If it is, then you need to do what you have to for yourself.

If the other person is not armed, then you can physically push back against them and keep pushing until they see that you’re not giving up without a fight. Sometimes, all it takes is for a person to be willing to defend what’s his to make a thief back off.

If you’re where you can be able to run from the room, then you can hit the intruder with pepper spray. That alone will incapacitate most people. If you don’t want to use lethal weapons, and the intruder becomes pushy, you can use a baseball bat – but if you do that, you’ll have to swing hard enough to take down the thief.

Otherwise, he might be able to wrestle the bat away from you. Try to hit the thief in areas of the body where it’ll inflict the most pain such as the face or the groin. If it becomes a life or death situation, you may have to use lethal force.

God, Guns, and Gold DVD

God, Guns, and Gold

God, Guns, and GoldYou may already own guns.

You may already own gold.

But either way… you’ll definitely want to hear Joe McDurmon’s rousing case for God, Guns, and Gold!

You may even want to get an extra copy to give to your friends. After all, most Christians are NOT familiar with the material McDurmon covers…

…and they could benefit greatly from his teaching. (Possibly even remove the guilt some Christians feel about owning guns.)

This Is Not A Test

The Emergency Broadcast logo flashes up on your TV screen.

You try to click off but it’s on every channel..

You start to realize… this is not a test. This is Real

A News Anchor comes on screen and in a shaky voice says… “At 9:15 this morning, the U.S dollar Collapsed… I repeat the dollar has Collapsed.”

The entire infrastructure of America is now a prime target of opportunity for ANY attack. The T.V. suddenly shuts off; moments later, your entire neighborhood goes dark.

EarthquakeDamage-FSS-300x250You’re going to be OK though.

This is the moment you’ve prepared for… Right?

The signs are all around us and if you don’t know what you’d do then you owe it to yourself to get this free report right now.

You can access it right here.

This is the time to take action.

> Access it before it’s too late. <

What The Gold Price Means To A Nation

Gold coinNowadays, it is possible to obtain the latest gold price by reading the financial press as well as from network news programs, though for more than two decades this was something that hardly elicited any interest, leave alone being reported. Mostly, the gold price was either quite steady or it kept falling; things have changed since then, and since 2001, there has been quite a lot of interest been shown in gold price which has been heading north resulting in the price reaching more than one thousand dollars per ounce, and many more people are finding it an attractive investment to make.

Depends On The Strength Or Weakness Of The Dollar

The gold price is directly related to how strong or weak is the US dollar, and the steady upward movement of gold price from around two hundred fifty dollars in 2001 to the present levels of more than one thousand dollars has made gold very attractive to investors as well as speculators. However, even though many people have made money through this means, it should not be taken for granted that gold, when purchased, will definitely be a sound investment because you won’t earn interest on it and the quality is fixed as well making it static and not like other good investments.

What you can be sure of is that the gold price will only change according to how cheap or expensive is the paper money that we use which is in this instance the US dollar. Thus, purchasing gold is more to do with having some form of protection against a currency that is going to depreciate rather than being a great investment.

Dollar CollapseSo, it is safe to say that when the gold price shoots up, there is reason to be concerned about the future of the major currency, and if the gold price is especially high, then there is even more reason for concern about the paper money’s value. At present valuation, the gold price fetches over one thousand dollars per ounce as compared to the twenty dollars it took to buy the same amount of gold way back in 1934.

Also, the gold price which is going upwards really shows a lack of confidence in the central bank as well as the paper currency, and the gold price that we are witnessing today reflects a certain uneasiness with the increased supply of money and also the deficits in budgets as well as in trade as too for liabilities that are not funded, and most of all, the inability of the country’s governing bodies to bring runaway spending back to control.

We face devastating storms, both physical and financial

Despite all the disasters happening around the world, one thing is certain in my mind… we are headed toward a financial collapse.

The distressed and perhaps permanently damaged economy has legions of deniers in official positions, who knowingly or unwittingly serve as apologists for the vested interests that resist change — energy companies on the one hand, global banks on the other.

It seems there are some out there that do not want us to know what is really going on in the world economy and only want us focused on giving them more of our money.

Read: We face devastating storms, both physical and financial on MarketWatch.

Economic Crash Worldwide Starting

Here is a good compilation of videos by financial experts discussing the impending economic collapse.

The Real State of the World Economy Is Dire

We are back to the ‘green shoots’ era of false hope and total misunderstanding of the real state of the world economy. Tidbits of good news, combined with manipulated and seasonally adjusted economic figures, are spreading an optimism that has nothing to do with reality.

A world with $250 trillion of debt and over $1 quadrillion of worthless derivatives can’t recover, especially since it is a world supported by reams of worthless printed paper currency.

We are at the end of a major economic cycle that started at the end of the Dark Ages; those alive today will experience the very beginning of the downturn. Sadly, it will be a major and very unpleasant upheaval that virtually nobody will escape.

In the last 100 years we have seen the creation of the Fed (owned, created and controlled by private bankers), combined with fractional reserve banking (allowing banks to leverage 10 to 50 times), exploding government debt, and a derivatives market of $1.4+ quadrillion. These are the principal reasons why the world economy has expanded in the last century, and particularly in the last 40 years. They have created a world of delusional wealth and illusory prosperity. Also, there is a total absence of moral and ethical values. We are in the final stages of an era of extreme decadence, an era that cannot and will not have a happy ending.

The US and the rest of the world will continue to print unlimited amounts of currency. But these are worthless pieces of paper and have nothing to do with wealth creation. The printing will just add to the already unsustainable world debt and not create any added prosperity. Instead we are likely to see a hyperinflationary depression in many countries.

For the privileged few that have financial assets to protect, physical gold stored outside the banking system is likely to be the best way to preserve wealth and purchasing power.

Read the complete article by Egon von Greyerz

Ron Paul: Dollar Will Collapse, Gold Will Go To Infinity

Appearing on CNBC, former Congressman Ron Paul warned that if the US continues on its current course, the dollar will collapse, and gold will literally be priceless.

“Eventually, if we’re not careful, it will go to infinity, because the dollar will collapse totally,” Paul said on CNBC.com’s Futures Now.

“As long as we have excessive spending, and excessive computerized money, we are going to see gold go up,” Paul urged, noting that as the value of the dollar is destroyed, everything measured against dollars will increase in value.

Paul added that recent drops in gold prices do not factor into the long term outlook.

“Markets do these types of things—they go up sharply, and sometimes they take a rest,” Paul said. “I was never very good on short term, whether it’s the stock market, or whatever.”

“If you look at the record of the value of the dollar since the Fed’s been in existence, we have about a 2-cent dollar. And gold used to be $20 an ounce. So I’d say the record is rather clear on the side of commodity money.” Paul said.

“Six thousand years of history shows that gold always retains value,” Paul added, “and paper always self-destructs.”

—————————————————————-

Article written by Steve Watson
Infowars.com
June 19, 2013

Steve Watson is the London based writer and editor for Alex Jones’ Infowars.com, and Prisonplanet.com. He has a Masters Degree in International Relations from the School of Politics at The University of Nottingham, and a Bachelor Of Arts Degree in Literature and Creative Writing from Nottingham Trent University.

Consequences of Collapse: Access to Critical Medicines Is Disappearing in Greece

When a nation goes into economic crisis the paradigm to which its people have become accustomed begins to deteriorate. Access to critical supplies becomes difficult, sometimes immediately. In the case of Greece, which has been dealing with a loss of confidence in its debt instruments and economic policy, the collapse of life as Greeks know it has taken place over the last several years.

While we have been fortunate enough to avoid as severe a calamity here in the United States, many of the forecasts put forth by ourselves and others regarding the effects of an economic collapse are already taking place in Europe, namely Greece. In the midst of the Greek panic in 2010, for example, as Greece’s meltdown was in full swing and the people scrambled to get out of paper currencies, the price of gold, which was trading for around $1100 an ounce in the global commodity exchange marketplace, soared to over $1700 an ounce on the streets of Greece. In recent months, as Greece implements austerity measures and the unemployment rate sky rockets, its people have lost the ability to engage in traditional commerce because, simply put, they have no tangible income or money to do so. As a result, we’ve begun seeing a barter society emerge all over the country, making it possible for some people to directly exchange labor for consumptive goods and service.

When things get bad – and they will – the most essential items necessary for survival will disappear first. As currencies collapse, financial market destabilize and economies come to a standstill, critical supplies like food and medicine will become difficult to acquire at any price. This is exactly what is now taking place in Greece, where access to life-saving drugs and even common over-the-counter medicines like aspirin is becoming a tragedy where the losses will be measured not in Dollars or Euros, but lives.

Read more of the article written by Mac Slavo
SHTFplan.com
January 12th, 2012