10 Items to Buy Before a Great Depression

the year 2020 has brought a global economic slowdown like we haven't seen in generations we're already entering into a recession and there's a very real possibility that the United States economy could enter into a lasting deep economic depression the chief economist at Moody's Analytics Mark Zandi stated that a serious second wave of the coronavirus scientists are projecting this fall could push the economy into a deeper recession he is optimistic however that the country can avoid an economic depression but he is reluctant to rule out the possibility since a risk are extremely high and it's not just the virus weakening our economy either government furlough payments and housing forbearance programs will soon come to an end in addition civil unrest in some cities is slowing down the economy to make matters worse we're at the start of a brand new hurricane and fire season these issues by themselves are enough to hammer any economy but with the uncertainties our nation will face this November during the elections and the potential fallout despite which candidate emerges victorious our nation is facing compounding problems that only seem to pile on top of each other at a pace that is rapidly changing the economic playing field leaving many to wonder could we tip over into another Great Depression if so what are some of the practical things you can do now to prepare in this video we'll cover ten things you should consider purchasing to prepare you and your family for what may be coming next in a recent video I discussed the things you need to know in order to prepare for an economic depression in this video we'll go deeper into the 10 things that you should consider before our economy potentially enters into a depression some aren't very expensive and some can be costly but I've tried to focus on items that will be the greatest use to you if an economic depression does occur the Great Depression in America lasted for nearly a decade so it's not unreasonable to conclude that should the country fall into a depression the relative value of some items will increase greatly while the things we normally think of having little value will be worthless so let's look at 10 things you will want to consider purchasing number one land the most expensive but most valuable asset during an economic depression is land and it should not just be any land it should be a property that can provide you with clean water and have the capacity to let you produce food food and water are going to be two of the most crucial resources that you will need during an economic collapse having land where you can plant and grow different crops and have access to clean water will ensure that food and water will be less of a problem during the Depression the land is also yours in name and it will be harder for other people to take it away from you except through eminent domain or by force an acre of land in the countryside is already a good property to start your homestead being away from the city is also a good idea since you'll be far away from population did saria's in case riots or civil unrest take place it's important that when you purchase land somewhere you should get to know the neighbors of your land get to know who they are and what they do you basically need to know the community that you'll be a part of it's crucial that you have an ideal who they are to help you know if you can trust them or not also know all the possible safe routes is you can take to go to your land you never know what will happen when disaster strikes several the roads going to your property may not be passable so having backup routes will help you get out once you have property you can safely store your emergency needs and supplies there just make sure to properly secure your supplies so they're not visible or obvious to others burying them is one of the best ways to safely store and hide your emergency supplies number 2 knowledge a more affordable thing to acquire before an economic depression is knowledge whether you read a book or take a course knowledge gained before a crisis occurs is a worthy investment a dollar spin on learning now will pay you countless dividends in the future obtaining land for farming and gardening is one thing but knowing how to properly start a vegetable garden or farm is another in fact no tools in your survival kit are more important than your knowledge and skills all of the tools that you have will only be as good as your knowledge and using them this includes your land since its usefulness and overall potential will greatly depend on the skills and knowledge that you possess this is why knowledge is second thing you need to acquire before the collapse knowledge about farming gardening and animal husbandry are things that will help you properly utilize your land you should also learn how to hunt forage in your area which are key things know for your survival the more you know how to do things the better your chances of surviving become you should also be a student of history an economic depression is not new our current country our experiences in 1929 read about how people survived and thrived during these times learn the skills that they had and use that information in your own preparation it's also critical that you learn these skills before the economy enters into a depression you might think that this is a waste of time but it's way better to acquire new skills and knowledge before you actually need them don't put yourself in a situation where you have to learn quickly how to braid because you're in a dire situation and need a rope don't wait to learn how to raise chickens before you need to corral them during a disaster situation to build a coop proper preparation for any crisis is done early and focuses on self-reliance and previously learned skills whether you read a book or take a course knowledge gained before a crisis occurs is it worthy investment number three money and precious metals when banks bill the paper currency we use for buying things becomes worthless and our society will start to use other forms of currency to purchase goods and services having funds outside your single bank account will increase your likelihood of having money resources of use during these times of a disaster any one form of currency that will likely retain its value even during an economic collapse is precious metals they are known as a good hedge against inflation and the collapse of currencies one fortunate benefit of our highly connected world is at large sums of money can be transferred from a failed economy to a stronger economy in a global economic depression some countries will still fare better than others precious metals provide you with the transferable commodity to shift your funds from filling systems to recovering systems minutes silver and gold coins are precious minerals that are likely going to retain value gold in particular perform well during the previous stock market crashes looking at the crashes we've experienced before gold usually rose in value as a stock market crashed in another video I've done before I discuss using precious metals as a hedge against hyperinflation which usually accompanies an economic depression here are just a few points about precious metals they usually come in coins ingots bars and rounds coins will have the most significant value since they hold the added value of their precious metal assay or purity and the stamp of authenticity lent to them by their men take coin form if someone gives you a lump of shiny silver medal in an equal amount of silver coins you're more likely to trust the silver coin than the lump of shiny metal when it comes to acquiring them I recommend using a bullion company not only can you purchase precious metals from them but they provide added security since they can ship the purchase to you I'll post a link in the description section of the video and you can check it out if you want to learn more about the precious metals and where I personally buy them from you may be able to set aside a few dollars every payday to help you buy a usable reserve hopefully before an economic depression hits number for bulk staple food bulk staple foods are the second most important thing to have in your prepper supply with water being the first use this time to wisely restock your preps the first part of 2020 we saw a lot of store shelves run empty and we saw some disruptions to our regular food supplies we have a great opportunity here to restock and increase our supplies of dried food peanut butter hygiene products medicines vitamins and so forth the first part of the year was hopefully the worst part of what we'll experience but what if it was just a glimmer of the future in the desperation of the Great Depression some families turned to pickling and eating tumbleweed you can avoid or stave off that level of desperation by replenishing and ever increasing your supplies of staple foods if you're new to prepping here is your window of opportunity to quickly get up to speed with your staple food storage if you've been prepping for a while this is an opportunity for you to address any shortcomings to your supplies you realize the first part of this year and to increase your levels of stored foods according to what you currently fill is on the horizon the more food you have stored up the longer you can survive through an extended economic depression number five personal security items personal security items such as firearms ammunition and other forms of personal protection that you prefer are things that you will also need to buy before the country experiences of depression it's gonna be almost impossible to purchase he sings during a disaster if you re own a firearm you saw how quickly ammo supplies disappeared in the first part of the year take advantage of this opportunity to restock your supplies in a crisis you would have to find a store that is still open for business to buy these things and you will likely have to deal with the shortage of supplies and very long lines it's also better to deal with a background checks even for a motor sis's in some states prior to a disaster or things are still normal aside from purchasing a gun you should also know how to properly use and care for them just like with land a gun is only as useful as your skills and knowledge of how to use it your knowledge of how to use farms and other self-defense items can be the difference between life and death during the grid down scenario guns are not your preferred form of protection there are other items you can get like knives batons pepper spray and so on you just have to make sure that you have a personal security items or items you need to protect yourself your family and your belongings if a depression gets worse or it becomes prolonged it's not hard to imagine numerous people becoming desperate especially if they're running out of options to survive this could lead to civil unrest as people take matters into their own hands and do whatever they deem is necessary to survive the situation so having the means to protect yourself and your loved ones is critical number six medicine and medicinal plants medicines are another important item that you need to purchase prior to an economic depression this is especially true if you have a critical need for an ongoing medication pharmaceutical companies can become unreliable during a crisis you cannot be sure they will be able to supply pharmacies with the stocks and medicine that you'll need so stocking up on the medicine you need is crucial for this you might have to ask your doctor to provide you with a prescription that can allow you to buy in bulk you should also check if laws in your city or state allow bulk purchases prescription medicine and how many you can buy you can also try purchasing from out of country suppliers just to get all the medicine you may need if buying bulk non OTC medicines becomes an issue you may want to also consider looking at less effective but functional and medicinal herbs many drugs derive from the concentration of the medicinal properties of plants should supplies of certain medications disappear your only possibility might be medicinal plants but even if you're not taking ongoing medication having a supply of basic medicines and other important health emergency kits are still important you never know if medical care will be available during a disasterous period so having access to basic medicines and your home is critical have some supplies of basic medicines such as those for cough fevers colds headaches stomachaches and so on in your supplies make sure you check the expiration dates of the medicines you're getting you would also want to store these medicines for as long as possible without the worry of them expiring soon aside from medicine make sure you also have a decent first-aid kit with bandages of different shapes and sizes safety pins sterile gauze dressings roll bandages disposable sterile gloves tweezers and more number 7 denim canvas and cotton fabric it's also a good idea to stock up on denim canvas and other durable fabrics these items will be useful especially if the economic depression drags on for years clothing manufacturers and retail stores are going to be businesses that won't fare well during this period many stores and companies will likely go to business which means getting new clothes and apparel or even repairing them will be hard to do during this period you can create clothes bags and other useful items with a denim fabric that you have or you can use in a repair clothes or apparel that you have the beauty of creating clothes and apparel or repairing them is that you can use this skill to barter for other items or supplies with other people with clothing manufacturers clothes many people will be looking for other ways to get new clothes or have the ones they have repaired as a child it was common to have my mother put patches on the knees of my pants when I ripped them she learned sewing from her mother which lived through tough times I remember my grandfather before he passed a few years ago he would still repair clothing and he rarely threw anything away we live in a disposable world but previous generations understood the importance of repairing and extending the life of their clothing even if you don't know how to sew stocking up on denim canvas and cotton fabric will be useful you can still use these items to barter for other supplies with retail stores clothes people will likely resort to creating their own apparel or repairing their broken ones you can use your stock of denim canvas and other durable fabrics as bartering items you can borrow them for supplies that you need it's easy to steal and preserve bulk yards of these durable fabrics you can place them in vacuum-seal plastic and keep them stored for years keeping their quality intact a final note on clothing add to your prepping supplies at least one pair of new blue jeans for each members of your family for kids consider purchasing larger sizes that they'll build aware as they grow number eight hunting and fishing supplies it's no surprise that food is going to be one of the most sought-after resources during an economic depression the corona virus pandemic has already exposed how fragile our food system is and that same system may suffer worse of a depression were to happen that's why it's also critical that you have hunting and fishing supplies in your home or bug out location need to be prepared for the possibility of our normal food supply chain being disrupted or disappearing all together and knowing how to fish your hunt can be the difference between you and your family starving or surviving even if you have a garden a farm and enough stocks of staple food there's no harm in having another way to acquire food to eat you need to be prepared for everything that can probably happen and having the supplies to hunt and fish ensures you and your family won't start a death in case something goes wrong with your other source of food many people during the Great Depression in the 1930s relied on hunting fishing and forging for their survival this is one of the reasons why many people during that time didn't starve to death despite the limited or even non-existence access to food for the majority of the population you don't need to have expensive and complete hunting or fishing gear stored in your home even something as simple as a pellet gun or a fishing line hook are enough for you to fish and hunt for a small game that you and your family can you need to keep you from starving as always it's important that you have the knowledge and skill to hunt fish and prepare your game properly these tools and supplies become useless if you don't know how to use them so make sure that you also acquire the knowledge and skills needed to fish and hunt properly number 9 a cast iron skillet or a Dutch oven a cast iron skillet or Dutch oven should be part of any prepper supplies while most people are ready have pots and pans in there home most of the modern pots and pans that we see today are not really durable they break easy and they're not gonna fare well after repeated cooking over an open flame this means that you could find yourself without a good means to cook during the crisis to prepare for that you will need to have a cast iron skillet or Dutch oven cast iron skillets with lid and dutch ovens are very strong and sturdy from the stovetop to the oven to open fires you don't really have to worry about them breaking one of the cast iron skills I use at home is nearly 100 years old this type of cookware can last for many generations if properly maintained what makes cast iron skillets strong and durable as the fact that they are made of a very dense metal making them very tough and very hard you may already have a cast iron skillet in your camping supplies but this may be a good opportunity to add another cast iron to your supplies and practice cooking with them it does takes thought a longer to heat the cast iron but once it fully absorbs the heat it can become red-hot without becoming damaged and will hold the heat for quite a long time the dense metal use also provides a steady source of heat which can cook food more evenly if it gets a little rusty you just need to remove the rust reese's in the pan and you can start cooking on it again number 10 essential survival items the final item in our list of things to get before an economic depression is essential survival items these items will have a greater use for you especially during a prolonged economic depression one survival item that you'll need is a good water filter I personally have a berkey water filter with backup filters another survival item you need is a durable pair of hiking boots it's important that you make sure they are really durable since it could be the last pair of huge you might need to wear for quite a long time for processing wood that you can use for construction and in building a fire you also need to consider getting a good axe you also need a way to start a fire a portable shelter some camping gear or multi-tools pocket Swiss night light sources and more to properly know if you're already prepared or not try asking yourself if you could camp for a week two weeks or three with your current supplies and equipment do you think you already have enough or are you still missing things you need to you should ask yourself if your camp is mobile to allow you to easily go to an area with jobs and resources the reason why you need to ask these questions is that there's really a good possibility that you could be potentially homeless during an extended period of economic depression as I said earlier it's not impossible for your land to be taken away from you having the ability to camp out for a week or longer but be mobile enough to travel to different places where there are jobs and resources can be a critical factor in making sure you and your family will survive a prolonged depression the threat of an economic depression is very real and one way to properly prepare for it is make sure that you have or a purchase the items that you will need before it happens these are critical items that will be harder to get once a country enters into a depression from land to food to cast-iron cookware this is your window of opportunity to make sure you have the essential things you need before you need them we can learn from the first few months of 2020 to resupply or bolster our supplies of essential things we'll need in the future when the pandemic hit the surge of people are rushing the stores and clearing everything out was an example of what could happen again if the economy takes a turn for the worse if you have any comments anything you'd like to share or any item you feel would be an essential in it an extended economic depression police feel a little free to post a comment in the comment section below I try to read as many of the comments as possible usually within the first hour after the video releases if you enjoy this video please click on the like button share on social media and as always stay safe out there

Channel: City Prepping

Views: 1,655,360

Rating: 4.8106551 out of 5

Keywords: prepper, preppers, great depression, how to prepare, recession, financial collapse, how to prepare for financial collapse

Id: ltYwYvsr1RM

Length: 19min 21sec (1161 seconds)

Published: Fri Jun 26 2020