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At best we are watching one of the biggest stock market falls in a decade. That is one strange gift to get from Santa. Well, many people are wondering what happens next. Does it become a slow rebound? Does it become a recession. Some people believe we are sitting on the edge of a serious depression.
The depression theory comes from the idea that many people are going to panic and start dumping stocks for things like precious metals. You see, if the market doesn’t show signs of revitalization, people will exit and if too many exit, well, the markets of the world feel it.
Outside of the stock market volatility is instance of the Federal Reserve raising the interest rates. This all adds up to something terrifying that could give us a really ugly 2019 and a 2020 that could be unrecognizable in comparison to modern America.
If we face a serious economic unraveling we need to have some things in place to deal with that.
No matter the condition of the national currency, gold is gold. You see, it will get you food even if the American dollar is worth nothing. That is serious power and a great hedge against a collapse.
Having real skills like carpentry or plumbing will be so important. Once trading stocks and electronic economies shatter people will be looking for people who can work. They will be willing to trade and pay for services that suddenly become very rare.
There will be villains and desperate people in an economic collapse. You are going to need a way to protect your property and your family. It doesn’t have to be a lethal method but its going to have to deter the worst of those around you.
Studying the first depression can really give you an idea of what could be coming our way.