Prepare for Coming Economic Aftershocks

Aftershock is a term we usually associate with earthquakes. Essentially aftershocks are smaller earthquakes that follow the larger one. However, some aftershocks can be of similar magnitude to that of the big quake.

I think most people would agree that what happened economically in 2008 was the equivalent of an economic earthquake. And we’ve had several smaller aftershocks since then.

The authors of a book called Aftershock saw the trouble signs ahead of time and predicted the events of 2008. And they predict more to come.

The complete title of the book is Aftershock: Protect Yourself and Profit in the Next Global Financial Meltdown, by David Wiedemer, Robert Wiedemer, and Cindy Spitzer.

In spite of all that has happened, the media can’t publish or broadcast a news story about the economy without referring to “the recovery,” or how the recovery is slow or even in danger. It’s as if there’s an unwritten law that sets forth some kind of quota about mentioning recovery.

If you’ve lost your job or home, or if you know those who have, you’re no doubt saying, “What recovery?”

The authors of Aftershock are right there with you. Things will never be the same again. We’re in uncharted waters. More bubbles will pop.

The real estate bubble, stock market bubble, private debt bubble, and discretionary spending bubble have supposedly already popped. Yet to pop are the dollar bubble and government debt bubble, which will change the face of the world, so to speak, when they go.

Get ready for inflation and perhaps 40-60/% unemployment. Expect national sales and value added taxes.

Of course, predictions are just that. They may or may not happen. But reviewers say this book is excellent for its analysis of what’s happening in the economy. And I’d hate to bet against the predictions.

So what’s a person to do? If you’re prepping, you may already be on the right track. Do whatever you can to get liquid. Get out of the stock market. Have currency you can use. Have barter items.

Here are some more suggested solutions from an article you can view in full here.

1 – Get Out Of Debt
2 – Find New Sources Of Income
3 – Reduce Your Expenses
4 – Learn To Grow Your Own Food
5 – Make Sure You Have A Reliable Water Supply
6 – Buy Land
7 – Get Off The Grid
8 – Store Non-Perishable Supplies
9 – Develop Stronger Relationships
10 – Get Educated And Stay Flexible

The only one of these I question is #6. Unless you’re homesteading already, it may be better to rent. That way it’s easier to pick up and move elsewhere.

One thing seems certain. We’re being lied to by the government and the media about the economy, and it’s likely to get worse. Brace for the long haul. Keep prepping.

If you want to check out possible scenarios of what may soon be in our future, buy your copy of Aftershock by clicking on the book’s title wherever you see it linked in this post. That takes you to the page where you can place your order.

Many of us are concerned about where the economy is headed. What do you think will happen next?

 

Author: John Wesley Smith

John Wesley Smith writes and podcasts from his home in Central Missouri. His goal is to help preppers as he continues along his own preparedness journey.