by Jason Hanson
On Feb 13, 2018
After a major disaster, you never, ever want to rely on the government. But that doesn’t mean you’re in it alone. Check out the first of this week’s must-read articles for a great example of a community helping themselves by helping each other. Then read on to discover when the world will run out of food, a toxic side effect of floods and how to survive a plane crash.
by Owen Sullivan
On Feb 8, 2018
North Korea is only months away from being able to attack the U.S. with a nuclear strike. Experts believe they could be plotting to destroy our economy with a special kind of nuclear bomb.
by Jeff Anderson
On Feb 5, 2018
Preparing for a nuclear disaster should be a top priority for you and your family. Remember, it’s not the initial blast that may harm you but the fallout from such an attack. This piece from Jeff Anderson over at Modern Combat & Survival runs down five steps to prepare for a nuclear attack and includes an offer for a detailed “Nuclear Survival Guide.”
On Jan 31, 2018
Take a look at the following article from our friends over at 4Patriots that runs down what to do before, during and after a nuclear strike. Plus, one critical step you should take to prepare for a different kind of attack — one that could be even more devastating. And we’d never see it coming…
by Jason Hanson
On Jan 30, 2018
Each and every one of this week’s stories contains intelligence that is critical to your survival. Including what to do before the taps in your town run dry, an often overlooked — yet essential — aspect of emergency prep and how to choose practical protective clothing. But first, let’s take a look at one key item that may make the difference between life and death in a survival situation.
by Jason Hanson
On Jan 29, 2018
Would you risk your life going to the store for a quart of milk? You wouldn’t have to if you had the necessary supplies to shelter in place. Check out today’s article for a list of items to have on hand so you and your family will be able to hunker down at home and outlast any outbreak.
by Jason Hanson
On Jan 27, 2018
This “best of” edition of the Weekly Drop is a collection of reader questions that focus on the best survival gear for a number of situations — from power outages to home invasions to nuclear attacks.
We’ve been discussing the economic fallout of an EMP (electromagnetic pulse) attack…
How to thrive in the cashless, barter-and-trade economy that rises from the dust…
And how to protect your family’s livelihood when money, as we know it, no longer exists…
But even if you control an in-demand commodity, you still have to know how to actually barter.
Otherwise, you’ll find yourself shortchanged at every turn and could even put your family in danger.
Here are four of my top tips to help you thrive in a cashless economy.
Bartering Tip #1: Be Selective
In short, only trade for items and services you actually need.
Folks will try to trade all kinds of pre-collapse junk for food, water and other items they need to survive.
You might be tempted to take them up on their offer — either out of pity or because of the value the item used to have in pre-collapse society.
But to survive in the new economy, you’ll need to barter with your head, not your heart.
Only trade for items you know for certain that you can use.
You can also pick up items to trade elsewhere, but be sure there’s actual demand for the item before you buy it.
Bartering Tip #2: Keep Your Cards Close to Your Chest
Never let on that you have a plentiful store of items to trade.
If you do, you leave yourself open to attack by gang members or folks who are desperate for food.
Even if they are someone you regularly trade with and trust, keep that info to yourself.
Word travels fast about folks who have more than others. And it won’t be long before it reaches the ears of someone who’s looking for their next big score.
You can lower the risk of attack by trading only at markets — never from your home.
And you should never let anyone know details about your stock.
When people ask for an item you have in store, don’t say, “Oh, yeah, I have a bunch of those at home.”
Tell them you haven’t got any on hand but you might be able to get some in a few days.
Bartering Tip #3: Get It in Writing
There probably won’t be much in the way of law and order after the collapse.
But it’s likely that some sort of community system for trial and punishment will be cooked up to keep people in line.
In that event, it will be important to protect yourself by putting big trades down in writing.
That way, folks won’t be able to accuse you of stealing their goods.
You don’t need anything fancy — just a bill of sales with the details of the transaction. One for you and one for your customer.
Your customers won’t mind signing once you explain to them that it protects them too.
Bartering Tip #4: How to Price Items in a Barter Economy
The main problem with pricing items in a barter economy is that there’s no longer an underlying currency to base value on — like the dollar.
When something costs $5 and I have $10, I know I’ll have $5 left after the transaction.
And I know that $5 will be worth $5 in the next store I go into… and the one after that.
But if someone wants to trade some gasoline for some food — and I have apples, rice and some unripe bananas… well, now things are a little less straightforward.
Folks have written whole economics books on this idea, filled with overly complicated equations and charts that would make your head ache.
But the whole thing can be boiled down to two ideas:
- Supply and demand. Quite simply, if demand is high for a product and supply is low, you can charge more for it.
On the other hand, if there’s a lot of a certain commodity on the market, you’ll want to price it low (to stay competitive with other folks who are selling the same).
It might take a while to get a feel for the ins and outs of the post-collapse economy. But if you pay attention to what folks are asking for and what other traders are offering, you’ll have it locked down in no time at all.
- Think of a common item as your “currency.” If you need to do some appraising on the fly, try to think of trades in terms of a common item that you trade with regularly — like apples or rice.
For example, instead of trying to work out how many pairs of socks equal a sleeping bag, you assign both products an “apple value.”
If a pair of socks is worth five apples and an old sleeping bag is worth 30 apples, then the sleeping bag is worth six pairs of socks.
Obviously, this is a simplified example, and bartering won’t always be that cut and dry. But it’s a good rule of thumb to work by.
It will help you estimate an item’s worth instantly, so you’re won’t fall victim to a crafty trader.
As always, we welcome feedback from our readers. If you agree, disagree or have any topics you’d like us to investigate, you can email me right here.
All the best,
Editor, Money & Crisis