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Chris Martenson

Note:  This article is part of a series on personal preparation to help you answer the question, "What should I do?"  Our goal is to provide a safe, rational, relatively comfortable experience for those who are just coming to the realization that it would be prudent to take precautionary steps against an uncertain future.  Those who have already taken these basic steps (and more) are invited to help us improve what is offered here by contributing comments, as this content is meant to be dynamic and improve over time.

Graduates of the Crash Course series emerge aware that, economically speaking, the next twenty years are going to be completely unlike the last twenty years.  This invariably leads to the question, "How do I prepare financially?"

We have entered some truly treacherous investing waters, where we must question everything and accept nothing, even (and especially) the base assumption that any given currency, be that the US dollar or euro or Yen, will retain its value.  Is a ‘double-dip’ recession coming?  Nobody knows for certain, but all the warning signs are there.  Our view is that it’s best to start thinking about preserving and protecting your wealth now, while you still have that opportunity.  The bottom line here is that you should not be taking your cues from what your neighbors seem to be doing, but instead being sure that your own house is in order.

 

What Should I Do? The Basics of Resilience (Part 7 – Protecting Wealth)

Note:  This article is part of a series on personal preparation to help you answer the question, "What should I do?"  Our goal is to provide a safe, rational, relatively comfortable experience for those who are just coming to the realization that it would be prudent to take precautionary steps against an uncertain future.  Those who have already taken these basic steps (and more) are invited to help us improve what is offered here by contributing comments, as this content is meant to be dynamic and improve over time.

Graduates of the Crash Course series emerge aware that, economically speaking, the next twenty years are going to be completely unlike the last twenty years.  This invariably leads to the question, "How do I prepare financially?"

We have entered some truly treacherous investing waters, where we must question everything and accept nothing, even (and especially) the base assumption that any given currency, be that the US dollar or euro or Yen, will retain its value.  Is a ‘double-dip’ recession coming?  Nobody knows for certain, but all the warning signs are there.  Our view is that it’s best to start thinking about preserving and protecting your wealth now, while you still have that opportunity.  The bottom line here is that you should not be taking your cues from what your neighbors seem to be doing, but instead being sure that your own house is in order.

 

Note:  This article is part of a series on personal preparation to help you answer the question, "What should I do?"  Our goal is to provide a safe, rational, relatively comfortable experience for those who are just coming to the realization that it would be prudent to take precautionary steps against an uncertain future.  Those who have already taken these basic steps (and more) are invited to help us improve what is offered here by contributing comments, as this content is meant to be dynamic and improve over time.

Heat, Power, and Communications

Being warm, having instant access to electricity, and being able to connect with anyone anytime, anywhere, are so integrated in present-day life that we often forget just how much value these luxuries offer us.  My town has experienced four weather- and usage-related power outages in the past year (for a total of eleven power-free days), which provided a useful reminder of just how dependent we are on the miracle of steady, uninterrupted energy.

Being able to see when it is dark, cook food, and heat your space should an outage occur in the winter are first-level needs to prepare for.  Remaining in touch with those you depend on (and those who depend on you) is also a primary need, especially in any prolonged outage situation.

Even more significantly than with food and water, there are major cost differences between preparing in an ideal or long-term sort of way using totally self-sufficient alternate energy systems and preparing in a good-enough stop-gap way for temporary outages.  There is certainly value in planning and investing to accomplish both, but do not let concerns that you will not have the perfect long-term system impede you from preparing for some of the more likely problematic wrinkles that may come your way.

 

What Should I Do? The Basics of Resilience (Part 6 – Heat, Power, & Communications)

Note:  This article is part of a series on personal preparation to help you answer the question, "What should I do?"  Our goal is to provide a safe, rational, relatively comfortable experience for those who are just coming to the realization that it would be prudent to take precautionary steps against an uncertain future.  Those who have already taken these basic steps (and more) are invited to help us improve what is offered here by contributing comments, as this content is meant to be dynamic and improve over time.

Heat, Power, and Communications

Being warm, having instant access to electricity, and being able to connect with anyone anytime, anywhere, are so integrated in present-day life that we often forget just how much value these luxuries offer us.  My town has experienced four weather- and usage-related power outages in the past year (for a total of eleven power-free days), which provided a useful reminder of just how dependent we are on the miracle of steady, uninterrupted energy.

Being able to see when it is dark, cook food, and heat your space should an outage occur in the winter are first-level needs to prepare for.  Remaining in touch with those you depend on (and those who depend on you) is also a primary need, especially in any prolonged outage situation.

Even more significantly than with food and water, there are major cost differences between preparing in an ideal or long-term sort of way using totally self-sufficient alternate energy systems and preparing in a good-enough stop-gap way for temporary outages.  There is certainly value in planning and investing to accomplish both, but do not let concerns that you will not have the perfect long-term system impede you from preparing for some of the more likely problematic wrinkles that may come your way.

 

Note:  This article is part of a series on personal preparation to help you answer the question, “What should I do?”  Our goal is to provide a safe, rational, relatively comfortable experience for those who are just coming to the realization that it would be prudent to take precautionary steps against an uncertain future.  Those who have already taken these basic steps (and more) are invited to help us improve what is offered here by contributing comments, as this content is meant to be dynamic and improve over time.

The Future of Your Health

Like our “just in time” food system, our modern medical infrastructure is highly complex; it functions well only under controlled circumstances and with abundantly available specific resources.  As with food, the ease with which we’ve accessed medical services over recent decades has invited us to reduce our health self-sufficiency.  We’ve become so sheltered from the health risks our forefathers faced that we’re especially vulnerable if we’re ever forced to live without easy access to professional care.

Taking on a bit more responsibility and a few more preventive steps in one’s personal health is crucial; a must-do in the process of becoming resilient.  Some of the steps recommended for beginners are universal; others depend on your personal needs.  But in all cases, a good dose of foresight and practicality is in order to build some security into the future of your health.  You should plan ahead for the things you know you’ll need: are there medications you take regularly?  Do you wear contact lenses or glasses?  What supplements, hygiene products, or nutritional supplies would you be hard-pressed to live without?

What Should I Do? The Basics of Resilience (Part 5 – Health and First Aid)

Note:  This article is part of a series on personal preparation to help you answer the question, “What should I do?”  Our goal is to provide a safe, rational, relatively comfortable experience for those who are just coming to the realization that it would be prudent to take precautionary steps against an uncertain future.  Those who have already taken these basic steps (and more) are invited to help us improve what is offered here by contributing comments, as this content is meant to be dynamic and improve over time.

The Future of Your Health

Like our “just in time” food system, our modern medical infrastructure is highly complex; it functions well only under controlled circumstances and with abundantly available specific resources.  As with food, the ease with which we’ve accessed medical services over recent decades has invited us to reduce our health self-sufficiency.  We’ve become so sheltered from the health risks our forefathers faced that we’re especially vulnerable if we’re ever forced to live without easy access to professional care.

Taking on a bit more responsibility and a few more preventive steps in one’s personal health is crucial; a must-do in the process of becoming resilient.  Some of the steps recommended for beginners are universal; others depend on your personal needs.  But in all cases, a good dose of foresight and practicality is in order to build some security into the future of your health.  You should plan ahead for the things you know you’ll need: are there medications you take regularly?  Do you wear contact lenses or glasses?  What supplements, hygiene products, or nutritional supplies would you be hard-pressed to live without?

WASHINGTON (MarketWatch) — U.S. employers continued to hire but at a sluggish pace that adds to pessimism about the economic outlook and may put pressure of the Federal Reserve to take more steps to support the economy.

Private-sector payrolls rose by an estimated 71,000 in July, the Labor Department said.

Total nonfarm payrolls fell by a seasonally adjusted 131,000 in July, but all the lost jobs were temporary jobs at the U.S. Census.

Left out of this rosy look at the numbers by MarketWatch (“Don’t worry, they were all temp Census jobs!”) was the fact that June’s payroll data was revised down from a loss of -125k jobs to a much more substantial loss of -221k.  More than -50k of that adjustment was to private payrolls, which erodes the recovery story substantially.

Weak Jobs = More Money Printing
PREVIEW

WASHINGTON (MarketWatch) — U.S. employers continued to hire but at a sluggish pace that adds to pessimism about the economic outlook and may put pressure of the Federal Reserve to take more steps to support the economy.

Private-sector payrolls rose by an estimated 71,000 in July, the Labor Department said.

Total nonfarm payrolls fell by a seasonally adjusted 131,000 in July, but all the lost jobs were temporary jobs at the U.S. Census.

Left out of this rosy look at the numbers by MarketWatch (“Don’t worry, they were all temp Census jobs!”) was the fact that June’s payroll data was revised down from a loss of -125k jobs to a much more substantial loss of -221k.  More than -50k of that adjustment was to private payrolls, which erodes the recovery story substantially.

Note:  This article is part of a series on personal preparation to help you answer the question, "What should I do?"  Our goal is to provide a safe, rational, relatively comfortable experience for those who are just coming to the realization that it would be prudent to take precautionary steps against an uncertain future.  Those who have already taken these basic steps (and more) are invited to help us improve what is offered here by contributing comments, as this content is meant to be dynamic and improve over time.

Increasing Your Local Food Sources

For us, the next step after getting some food stored away was to increase our local sources of food.  Our primary local sources include the farmers who produce our meat and raw milk and the community-supported agriculture (CSA) vegetable operation to which we belong.  Our local demand translates into more local food—a worthy outcome by itself, but we also happen to get superior food as part of the bargain.

And there's more.  Our CSA is run by two fabulous young farmers whom we adore, it employs a crew of young local people, and they grow everything organically.  We are getting tastier and healthier food, increasing demand for local food, and supporting our local community, all in one fell swoop.  If you do not yet belong to a CSA and have the opportunity, it is well worth pursuing.  And if a CSA is not available or affordable to you, then at the very least, make connections with local farmers and food producers and purchase food from them directly whenever possible.

 

What Should I Do? The Basics of Resilience (Part 4 – Growing & Preserving Food)

Note:  This article is part of a series on personal preparation to help you answer the question, "What should I do?"  Our goal is to provide a safe, rational, relatively comfortable experience for those who are just coming to the realization that it would be prudent to take precautionary steps against an uncertain future.  Those who have already taken these basic steps (and more) are invited to help us improve what is offered here by contributing comments, as this content is meant to be dynamic and improve over time.

Increasing Your Local Food Sources

For us, the next step after getting some food stored away was to increase our local sources of food.  Our primary local sources include the farmers who produce our meat and raw milk and the community-supported agriculture (CSA) vegetable operation to which we belong.  Our local demand translates into more local food—a worthy outcome by itself, but we also happen to get superior food as part of the bargain.

And there's more.  Our CSA is run by two fabulous young farmers whom we adore, it employs a crew of young local people, and they grow everything organically.  We are getting tastier and healthier food, increasing demand for local food, and supporting our local community, all in one fell swoop.  If you do not yet belong to a CSA and have the opportunity, it is well worth pursuing.  And if a CSA is not available or affordable to you, then at the very least, make connections with local farmers and food producers and purchase food from them directly whenever possible.

 

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