We are in very bad shape.
The world is a mess, and things are getting worse. Everyone is affected by higher unemployment, more people living on the streets, and we have higher prices for everything.
This is no sign of a recession… It’s already begun. Compared to what was coming, the Great Depression was nothing.
What Makes a Recession Different from a Depression
The main difference between a recession and a depression is how far it goes and how long it lasts.
In the end, a depression will have much more severe effects than a recession. They will also last longer and spread further out.
Still, no matter which term you choose, things will get hard fast.
How would the Great Depression look if it was happening now?
In 1929, life was very different from how it is now. It was easier to figure out what to do. Life wasn’t as hard back then. Even though things were easy in 1929, an economic crash was inevitable, and it may be the same today.
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Even though we’ve learned a lot from what’s happened in the past, that doesn’t mean it won’t happen again.
If The Great Depression happened now, it would be very different from how it was in 1929. First, people today depend on the system a lot more than they did in the years before the Great Depression.
In fact, social welfare and many government taxes did not exist before the Depression.
One important thing to think about is how we live every day. You go to the grocery store to buy food when you’re hungry.
Most people today live in cities, and those who live in rural areas often depend on those who live in cities to stay alive.
Most of us don’t have enough land to grow our own food, and even if we did, many of us wouldn’t know how. We don’t have very good survival skills today, and we’ve become used to living in comfort.
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In reality, though, a lot of us think it can’t or won’t happen again. As proof, we say that we know and understand the economy.
But, as we have seen many times, even when someone knows they are doing something wrong, they don’t always stop. I don’t know about you, but I find it hard to trust the system or put my life in its hands.
No matter how much we know or how much we’ve been through, a worse depression can happen.
Think for a second that there were no more stores selling food. Imagine that the water in your home stopped running and the power went out. Take a moment to picture your life without all the nice things you’re used to.
Could you make it?
Being ready means knowing that anything that can happen will happen and having the things you need to deal with a problem, no matter what it is, when it does.
How to get ready for a bigger depression
To get ready for another depression, you will need to be strong, know how to act and be resourceful. There are things you can do right now to make sure you are healthy tomorrow.
Find a safe way to make money.
During the Great Depression, millions of people lost their jobs, and unemployment was at an all-time high.
During the pandemic, we saw similar things happen.
Find a steady source of income now if you want to feel safe in the future.
Cut back on your spending
It is important to learn how to handle your money. People will suffer a lot during the Great Depression because they don’t know how to manage their money well.
When a crisis happens, it will help if you only spend on the most important things. You could lose your job without warning, and you may not always be able to get severance pay. Prepare for the worst to avoid chaos.
Stay in your price range.
We all want nice things, but are they really worth all the trouble? People today are so used to living beyond their means that whole businesses depend on it.
If you are struggling to keep a roof over your head, you can’t keep up.
Even though it’s nice to have a fancy car or house, you need to learn to live within your means if you want to be ready.
Keep An Eye On Debt
Just like how much you spend, you need to know how much debt you have. When you owe money on credit cards, car loans, or mortgages, a big part of what you pay goes toward interest rates that are too high.
Keep track of your debt and make sure it doesn’t get out of hand.
Start saving money.
It’s best to have savings to fall back on. In fact, even a dollar a day can help a lot.
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Savings could mean the difference between having a place to sleep and sleeping on the streets. Get a piggy bank and start saving money for the future.
Get ready for rising prices
Knowing how the economy works is only half the battle. You should get ready. You can get ready for inflation, which is coming and has already begun, by:
- Spreading out investments
- Setting up a fund for emergencies
- Putting together a tight budget
- Put some money away in savings
- Use the above-mentioned piggy bank to keep cash on hand. During a global crisis, banks may have trouble, and it is not unheard of for them to hold back funds.
Also, how do you use an ATM when the power is out? What do you do if you can’t get into your bank account to get cash?
Learn as much as you can.
When things go wrong, knowledge is one of the best things you can have. Make sure you know what’s going on in the world and how to stay alive.
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I think you should know how to do basic first aid and how to hunt or fish. When things get bad, these skills can save lives.
Buy Land for Cheap
If you can buy land, you should. Property is hard to come by because the number of people keeps growing. Get a cheap property and secure your future.
Create A Community
Getting to know people in the community now can help in the future. In a crisis, it could be dangerous to ask for help. It’s better to make friends now while you can.
Stock up on the things you need.
It’s important to stock up on things you need every day. Stock up on things that might be hard to get in a crisis, like food and other things you need.
Think about putting away medicines, toiletries, first-aid supplies, batteries, cash, clothes, and tools.
Get by on your own.
Becoming more self-sufficient is one of the best ways to deal with a coming recession.
No matter where you live, you can learn to do more for yourself. Here are a few ways to become independent:
- Grow food: There are many plants you can grow in pots. If you want to save money, you could grow carrots, peas, beans, potatoes, and other vegetables.
- Grow medicinal herbs: Having medicinal herbs on hand could make a huge difference when medical care isn’t available. Here is a kit for a medicinal garden with the 10 plants you need to have in your backyard in case of an emergency.
- Preserve food: Learning how to keep food from going bad is a great way to be ready for an emergency. Foods that have been preserved last a long time and are easy to store.
- Learn new skills: Some skills will help you in a crisis. Learn how to fix things, get a job, and find out about first aid. These and many other skills will be helpful.
- Use things more than once: Switch to water bottles, bags, and other containers that you can reuse. With this small change, you can save a lot of money.
- Locate resources: Before you need them, find local resources that will help you in a disaster.
- Look into alternative sources of energy: Solar panels or wind turbines could be the way of the future. Don’t delay. Check out these choices right away.
- Use natural products instead of spending money on things you can make yourself: Try to find natural alternatives to the things you use every day. You’ll save a lot of money and help the environment at the same time.
- Don’t buy new, fix: Fix something that doesn’t work. You can find instructions for fixing almost anything online. Before you toss it, give it a try
Today is the day to start getting ready because tomorrow might be too late!
We already know that there will be inflation. If you can change even one thing to make your household more self-sufficient, you will be better off when SHTF.
Even though no one wants to think about what could go wrong, we have to be ready. It’s too late to think about it.
We know from history how powerful a system-wide failure can be, and I can promise you that the effects would be much worse today.
You will be left behind if you are not ready. But it’s not too late. Use the tips above and the articles on our website to get ready for what’s going to happen and keep yourself safe.
