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Lapel, In | Worst case? Probably would not help if you are thinking about FDIC coverage. FDIC probably funded at less than 10% of total banking deposits. Its design was only intended to insure local or maybe regional collapses, not the whole or even a major portion of the banking system's collapse all at once.
For protection, think in terms of what people can NOT survive without. Always have something to trade or sell.Think of barter items that would be of value since money may be of little or no value. Open pollinated garden seeds and gardening tools. Kerosene and oil lamps. A couple of cows for the milk,butter,etc.A couple sows. Ear corn.Hay. Canning jars and supplies. Fruit from your own trees and bushes. Flour for bread.Sugar and salt. A supply of gasoline. Cord wood.Cross cut saws.Axes. Stoves for those who have no alternate way of heating their homes.(Can be very simple like barrel stoves) Non electric water pumps(can be constructed with PVC pipe scraps).Guns and ammo, etc. Fishing supplies and things like fish nets. MREs and food that stores well like peanut butter,crackers, etc.
In situations when money is not readily available or where commodities are in short supply, a person that plans ahead has always done very well. My old high school chemistry did very,very well during WW2 as a Marine in the Pacific by trading all sorts of items to fellow Marines. In situations like these, commodities are as good as having gold--maybe even better, certainly better that the U.S. Dollar. And the good thing about those items I mentioned is they don't cost a lot and could well be seeds for your economic success and survival , if traded right. The other guy will always have his labor or his wife (lol) to trade if nothing else. Labor will be dirt cheap, the likes of which you can't imagine.(Granny hired a woman to pick Blackberries back in the 30s. The woman picked all day and Granny paid her with 2 quarts of the berries that she had picked.) That kind of cheap. | |
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Essential read: London Telegraph
