It sounds really dramatic to say there’s just ONE WAY to handle a crisis, but I’m going to go out on a limb here and say just that. We’re looking at very hard times coming up – heck, they’ve hit many of us already. And I think there’s only one way to survive 2023.
Frugality.
We have to make different choices with our money.
Many of us will be forced to do it. We will make different choices because we won’t be able to afford to make the same ones we’re making right now. We will have to cancel some of our regular expenses and downsize parts of our lives.
Others might be able to squeak by spending as they have been for a little bit longer. We saw this over Christmas. A lot of people put the holiday on credit cards. They bought the same food as traditionally served, epic gifts for the entire family, and decked the halls full on. They wanted “normalcy” and “one more good holiday” for their families. It’s not the decision I’d make, but I do understand it. Change is hard. Seeing your children forced to adapt can be painful. Getting a spouse on board can be next to impossible.
One way or the other, 2023 is going to look different for nearly all of us.
What is the projection?
We don’t need a crystal ball to know that the outlook for our economy is rather grim.
First, there’s inflation. Many experts expect inflation to increase in the coming years due to rising demand and the impact of government stimulus measures. The Federal Reserve predicts that inflation will remain below 2% in the near term, but could rise slightly above 2% in the long term. Of course, anyone who has visited a grocery store recently can attest to the fact that the “official” inflation and the real-life effects are entirely different numbers.
We’ve also been dealing with supply chain issues since the Covid outbreak in China in 2020. Exports dwindled, and store shelves emptied. While we recovered to some degree, our supplies have never reached pre-pandemic levels, and prices have remained high.
And it isn’t just shortages causing economic issues and supply chain problems. The U.S. economy is heavily dependent on international trade, and the ongoing trade tensions with China and Russia will continue to have an impact on the economy.
Then there are the bubbles.
There are several subprime lending bubbles that could potentially burst in the US economy, including:
- Auto loan bubble: The subprime auto loan market has been growing rapidly in recent years, with many borrowers taking on high-risk loans with high interest rates and low credit scores. If people begin to default on these loans, it could lead to a wave of auto loan defaults and potentially a recession.
- Student loan bubble: Student loan debt in the US has reached an all-time high, with many borrowers taking on high-risk loans with high interest rates and low credit scores. If people begin to default on these loans, it could lead to a wave of student loan defaults and potentially a recession.
- Mortgage bubble: The housing market has recovered since the last recession, but there are concerns that the subprime mortgage market could still be vulnerable to a bubble. If people begin to default on their mortgage loans, it could lead to a wave of foreclosures and potentially a recession.
If these bubbles burst and people begin to default on their loans, it could have serious consequences for the US economy. It could lead to a wave of bankruptcies and foreclosures, which would negatively impact the housing market and the overall economy. It could also lead to a drop in consumer spending, as people struggle to pay their debts and bills. This could lead to a recession, as businesses struggle to make ends meet and lay off employees.
And not only is this a threat to our overall economy – it’s going to be very difficult for us on personal levels.
It’s not our first rodeo.
The thing you have to remember is that, as a country, this is not our first rodeo. We’ve been through difficult times before. Very difficult times.
- The Great Depression (1929-1939): The Great Depression was a severe economic downturn that lasted for more than a decade. It was triggered by the stock market crash of 1929, which caused a widespread panic and led to a collapse in demand and a sharp contraction in economic activity. The depression was marked by high unemployment, low industrial production, and declining prices, and it had a profound impact on the United States and the rest of the world.
- The stagflation of the 1970s: The 1970s were marked by a combination of high inflation and stagnant economic growth, a phenomenon known as stagflation. This was caused by a variety of factors, including rising energy prices, supply shocks, and monetary policy mistakes. The stagflation of the 1970s had a negative impact on the US economy, leading to slow growth and high unemployment.
- The savings and loan crisis (1980s-1990s): The savings and loan crisis was a financial crisis that affected the US banking industry in the 1980s and 1990s. It was caused by a combination of factors, including regulatory changes, economic downturns, and risky lending practices. The crisis led to the failure of hundreds of savings and loan institutions, and it had a significant impact on the US economy.
- The dot-com bubble (1995-2000): The dot-com bubble was a period of rapid growth in the technology and internet sectors, followed by a sharp decline. It was characterized by the rapid rise of internet-based companies, the overvaluation of their stocks, and a speculative frenzy that eventually led to a burst of the bubble. The dot-com bubble had a negative impact on the US economy, leading to a slowdown in economic growth and a decline in the stock market.
- The Great Recession (2007-2009): The Great Recession was a severe economic downturn that affected the global economy, including the United States. It was caused by the subprime mortgage crisis, which was characterized by the widespread issuance of risky mortgages and the subsequent collapse of the housing market. The Great Recession had a significant impact on the US economy, leading to high unemployment, slow economic growth, and a decline in the stock market.
The common link between all of these?
Despite leadership that may or may not have sufficed, we survived each and every one. We adapted. We made the changes we had to make. We got through it.
And we’ll survive this one too.
How can you adapt?
There are big ways to adapt and small ones. The changes you make will depend on your situation. You’ll adapt to your unique circumstances.
If your circumstances are dire, you will be forced to make huge adjustments because there’s simply no alternative. The credit is gone. The money isn’t there and won’t stretch to cover newly inflated prices. If you are in this kind of scenario, you may need to revisit your living arrangements, consider dropping down to one vehicle, or cancel extracurriculars for the kids.
Others may be able to pick and choose the changes that they make. Lots of smaller cuts can be easier to handle for some people than huge, dramatic cuts. Little things like dropping down to the next level of internet service, skipping the daily drive-through coffee, and swapping out name brands for generic can make a difference if you don’t have to overhaul your budget entirely.
Slashing your budget in one way or another will happen for just about everyone. But we’ll survive. It’s what we do as human beings. We’re wired to get through stuff.
It doesn’t have to be miserable.
The way you approach the upcoming changes will greatly affect how you and your loved ones handle it. It’s essential to adapt philosophically too. You can’t think about everything you’re losing. You have to find the positive things. Maybe your life doesn’t look like it once did, but it can still be good.
Coffee the Christian way: Promised Grounds
Look, I’ve lost everything. EVERYTHING. And it happened after I built myself up from nothing as a single mother making minimum wage. I lost my house. I lost my car. I was forced into radical changes. I had to move to a tiny little apartment with my girls, and it had to be close enough that I could walk to work. Then, I lost my job, too, during that delightful Great Recession mentioned above. I ended up getting an old beater of a truck and moving out to the boondocks of Canada in the Algonquin forest in a drafty cabin that only had wood heat. It was literally the cheapest rental in Ontario. That was my search parameter. And there, I rebuilt my life again. I went in a different direction, re-budgeted, and I started over.
And you know what? It turned out to be awesome. It’s how, eventually, I found freedom.
It was a different kind of awesome and it certainly wasn’t immediately wonderful.
Suddenly I didn’t have a job with benefits and a boss. Everything was on me. I worked a lot. But I also learned a lot. I started a new career and a business of my own. I had outdoor adventures living out there in that frozen wilderness. Instead of going out to lunch, we went for a hike and identified animal tracks in the freshly fallen snow. We learned to look forward to the days when the power went out because we could play games and read books without guilt for not working. We found new ways to enjoy life, ways that didn’t cost us a lot of money.
I had to keep going to get to the good part. To the new happiness. To live well.
And that’s what it’s all about. Living well. Sure, we’ve got to spend less money. But that doesn’t mean you’re doomed to a life with no fun, no joy, and nothing to look forward to.
It’s all in how you approach it. What you see depends on where you put your focus. Are you focused on what you’re gaining or what you’re losing?
Check out our new PDF book, One Year of Life-Changing Frugal Living Ideas and Philosophies. Get more than a thousand pages of savings, large and small. Our philosophy is that you can live well while spending far less money than the Jones next door. We’ll show you how to do it in this epic roundup of more than 200 “Thrifticles” that will make it easy to live well while spending less. We want to make this available for everyone, so this weekend, you can name your price for this PDF book that will seriously change your life. Go here to get your copy.
Don’t plan to just grimly live through it. Plan to find some happiness while still adapting to your circumstances. That way, you’ll not only survive, but you’ll grow as a human being.
Americans are resilient.
There’s no denying that the very fabric of our nation has changed over the past 50 years. Heck, America now is practically unrecognizable from the country of 20 years ago with all its wokeness and PC nonsense.
But the idealist in me believes that deep down, the resilience of our ancestors remains. I sincerely hope we will channel the resourceful spirit that has seen us through every other difficult time in our history.
Your attitude about the changes you’ll face will be everything. The difference between success and failure is all in your mind – and your mindset. You can set an example for your family and help them with their own perspective.
The only way to get through this upcoming economic melee is frugality – perhaps even extreme frugality. Nobody’s version of this will look the same. We can’t individually repair the entire nation’s (and the world’s) economy, but we can change the way we manage our own money. We can roll with what life throws at us. We can thrive.
What do you think?
What do you believe is the key to surviving 2023? Are you concerned about the economy? Are you making changes to handle looming inflation?
Let’s talk about the future. Let me know what you think in the comments. Article cross-posted from The Organic Prepper.
Five Things New “Preppers” Forget When Getting Ready for Bad Times Ahead
The preparedness community is growing faster than it has in decades. Even during peak times such as Y2K, the economic downturn of 2008, and Covid, the vast majority of Americans made sure they had plenty of toilet paper but didn’t really stockpile anything else.
Things have changed. There’s a growing anxiety in this presidential election year that has prompted more Americans to get prepared for crazy events in the future. Some of it is being driven by fearmongers, but there are valid concerns with the economy, food supply, pharmaceuticals, the energy grid, and mass rioting that have pushed average Americans into “prepper” mode.
There are degrees of preparedness. One does not have to be a full-blown “doomsday prepper” living off-grid in a secure Montana bunker in order to be ahead of the curve. In many ways, preparedness isn’t about being able to perfectly handle every conceivable situation. It’s about being less dependent on government for as long as possible. Those who have proper “preps” will not be waiting for FEMA to distribute emergency supplies to the desperate masses.
Below are five things people new to preparedness (and sometimes even those with experience) often forget as they get ready. All five are common sense notions that do not rely on doomsday in order to be useful. It may be nice to own a tank during the apocalypse but there’s not much you can do with it until things get really crazy. The recommendations below can have places in the lives of average Americans whether doomsday comes or not.
Note: The information provided by this publication or any related communications is for informational purposes only and should not be considered as financial advice. We do not provide personalized investment, financial, or legal advice.
Secured Wealth
Whether in the bank or held in a retirement account, most Americans feel that their life’s savings is relatively secure. At least they did until the last couple of years when de-banking, geopolitical turmoil, and the threat of Central Bank Digital Currencies reared their ugly heads.
It behooves Americans to diversify their holdings. If there’s a triggering event or series of events that cripple the financial systems or devalue the U.S. Dollar, wealth can evaporate quickly. To hedge against potential turmoil, many Americans are looking in two directions: Crypto and physical precious metals.
There are huge advantages to cryptocurrencies, but there are also inherent risks because “virtual” money can become challenging to spend. Add in the push by central banks and governments to regulate or even replace cryptocurrencies with their own versions they control and the risks amplify. There’s nothing wrong with cryptocurrencies today but things can change rapidly.
As for physical precious metals, many Americans pay cash to keep plenty on hand in their safe. Rolling over or transferring retirement accounts into self-directed IRAs is also a popular option, but there are caveats. It can often take weeks or even months to get the gold and silver shipped if the owner chooses to close their account. This is why Genesis Gold Group stands out. Their relationship with the depositories allows for rapid closure and shipping, often in less than 10 days from the time the account holder makes their move. This can come in handy if things appear to be heading south.
Lots of Potable Water
One of the biggest shocks that hit new preppers is understanding how much potable water they need in order to survive. Experts claim one gallon of water per person per day is necessary. Even the most conservative estimates put it at over half-a-gallon. That means that for a family of four, they’ll need around 120 gallons of water to survive for a month if the taps turn off and the stores empty out.
Being near a fresh water source, whether it’s a river, lake, or well, is a best practice among experienced preppers. It’s necessary to have a water filter as well, even if the taps are still working. Many refuse to drink tap water even when there is no emergency. Berkey was our previous favorite but they’re under attack from regulators so the Alexapure systems are solid replacements.
For those in the city or away from fresh water sources, storage is the best option. This can be challenging because proper water storage containers take up a lot of room and are difficult to move if the need arises. For “bug in” situations, having a larger container that stores hundreds or even thousands of gallons is better than stacking 1-5 gallon containers. Unfortunately, they won’t be easily transportable and they can cost a lot to install.
Water is critical. If chaos erupts and water infrastructure is compromised, having a large backup supply can be lifesaving.
Pharmaceuticals and Medical Supplies
There are multiple threats specific to the medical supply chain. With Chinese and Indian imports accounting for over 90% of pharmaceutical ingredients in the United States, deteriorating relations could make it impossible to get the medicines and antibiotics many of us need.
Stocking up many prescription medications can be hard. Doctors generally do not like to prescribe large batches of drugs even if they are shelf-stable for extended periods of time. It is a best practice to ask your doctor if they can prescribe a larger amount. Today, some are sympathetic to concerns about pharmacies running out or becoming inaccessible. Tell them your concerns. It’s worth a shot. The worst they can do is say no.
If your doctor is unwilling to help you stock up on medicines, then Jase Medical is a good alternative. Through telehealth, they can prescribe daily meds or antibiotics that are shipped to your door. As proponents of medical freedom, they empathize with those who want to have enough medical supplies on hand in case things go wrong.
Energy Sources
The vast majority of Americans are locked into the grid. This has proven to be a massive liability when the grid goes down. Unfortunately, there are no inexpensive remedies.
Those living off-grid had to either spend a lot of money or effort (or both) to get their alternative energy sources like solar set up. For those who do not want to go so far, it’s still a best practice to have backup power sources. Diesel generators and portable solar panels are the two most popular, and while they’re not inexpensive they are not out of reach of most Americans who are concerned about being without power for extended periods of time.
Natural gas is another necessity for many, but that’s far more challenging to replace. Having alternatives for heating and cooking that can be powered if gas and electric grids go down is important. Have a backup for items that require power such as manual can openers. If you’re stuck eating canned foods for a while and all you have is an electric opener, you’ll have problems.
Don’t Forget the Protein
When most think about “prepping,” they think about their food supply. More Americans are turning to gardening and homesteading as ways to produce their own food. Others are working with local farmers and ranchers to purchase directly from the sources. This is a good idea whether doomsday comes or not, but it’s particularly important if the food supply chain is broken.
Most grocery stores have about one to two weeks worth of food, as do most American households. Grocers rely heavily on truckers to receive their ongoing shipments. In a crisis, the current process can fail. It behooves Americans for multiple reasons to localize their food purchases as much as possible.
Long-term storage is another popular option. Canned foods, MREs, and freeze dried meals are selling out quickly even as prices rise. But one component that is conspicuously absent in shelf-stable food is high-quality protein. Most survival food companies offer low quality “protein buckets” or cans of meat, but they are often barely edible.
Prepper All-Naturals offers premium cuts of steak that have been cooked sous vide and freeze dried to give them a 25-year shelf life. They offer Ribeye, NY Strip, and Tenderloin among others.
Having buckets of beans and rice is a good start, but keeping a solid supply of high-quality protein isn’t just healthier. It can help a family maintain normalcy through crises.
Prepare Without Fear
With all the challenges we face as Americans today, it can be emotionally draining. Citizens are scared and there’s nothing irrational about their concerns. Being prepared and making lifestyle changes to secure necessities can go a long way toward overcoming the fears that plague us. We should hope and pray for the best but prepare for the worst. And if the worst does come, then knowing we did what we could to be ready for it will help us face those challenges with confidence.
The value of money is based on security and contract law.as big gov fails us,money devalues.nobody wants a hot check from a judge.judges have failed us.sure i could go into details but i wont.you either know me or you dont.if you do know me then you know i know whats wrong with this country.its called traitors.its really simple.lawyers betrayed this country.lots of lawyers.
So no i will not say how to save us.i tried for ten years plus to save us.drown in your lawyers and maybe get a recipe book on eating lawyers.i wasted seven months in jail trying to save america.fuck it.let it burn.fuck trump,fuck biden,fuck obama,fuck bush,fuck clinton.fuck the usa.im tired!
Feed yourself!
Want to survive the future, period?
GET RID OF THE KHAZAR MAFIA!