While president Obama is already claiming victory over the economic downturn, the rest of us are left scratching our heads. With the unemployment rate hovering at 9.5%, and threatening to go higher, I hardly think anyone could declare that the economy is fixed. Moreover, with a deficit of $13 Trillion and the Federal Reserve printing more worthless currency than ever, the situation only stands to get worse.
We've been warned about this development for years by economists, but their warnings have been mostly ignored. In the meantime, our monetary base has nearly doubled, our national debt is at $13 TRILLION and climbing, and the jobless rate hovers at nearly 15 million, and nothing much is happening to significantly reduce it.
We've already witnessed recently what happens when a country's economy goes into hyper-inflation and collapses. The currency turns into wallpaper, and the grocery store shelves get empty. That's when the looting and riots begin. We all saw what happened in Greece when their economy crashed, and when it happens here, in the perennial "land of plenty", it'll make the Athens riots look like a day at Disneyland.
But I didn't write this article to be a harbinger of doom and gloom. I wrote this article to share a simple tip that everyone should know to help weather this economic free-fall, and make sure that you and your family are well prepared for the difficult days to come.
There are several important steps that should be taken to prepare, but one of the most vital things to do to get ready for the coming depression is to start storing food.
In today's culture, the idea of stock-piling food may seem weird, or paranoid to you, but you should think of it as an investment. A personal food-bank that you can draw on whenever you need a little extra. You've probably noticed how much food prices have gone up in just the last year alone, and they're certain to keep going up. It's just a smart idea to store up now before costs get much higher.
Preparing For Hyper-Inflation and Rising Food Costs