Actions While the Economy Is Imploding

Introduction:The United States economy has been down graded for the first time in history just a few short months ago.Certain events might be taking place in a short period of time which will require actions.Imploding finances are happening in everyone's life now to a large degree if a person takes notice of those events.Read through these to determine with your own research how valuable these actions will be for you to do.

  • 01

    Bank Accounts

    Bank accounts are necessary to pay bills and have automatic deposits from different sources put into those accounts too. Select a bank that is now not in the news as having negative book keeping records. In spite of the names Wells Fargo, Chase and Bank of America; these should be avoided if at all possible. The big name of Goldman Sachs is now revealed as a global entity and linked heavily with the Federal Reserve Bank.Do your due diligence for the security of your funds.Consult with financial advisers at work if uncertain about wise money matters. Compile all accounts to safe institutions soon.

  • 02

    Credit Unions

    Credit unions are institutions that people rely on for loans, mortgages, checking and savings accounts.Their rates are many times several percentage points below the interest rates in other lending sources.Look at the financial standing of the credit union you have entrusted your savings and checking account with or if they are holding any of YOUR money.Look into the history of your credit union to feel secure during the economic downturns America has faced and continues to experience. Wise research is mandatory for the safety of your money in the areas you have selected to keep those funds. With Bernacke's latest decision your personal financial decisions are vital to consider for now and the future too.

  • 03

    Cash Out of the Bank

    Whenever possible having some small bills in $10 and $20 denominations is wise as the economy breaks down from what we knew it once to be. A total of $500 minimum is suggested to have at home and out of the bank, but put in a very secure place for easy access.If these funds are needed and used, replace them as soon as possible.Hold onto old silver coins, which were minted prior to 1964 in the United States mints.Since the interest rates in financial institutions are extremely low and that if the grid is somehow effected, the funds in banks will be untouchable to account holders. Know all banks are computer controlled.

  • 04

    Valuable Commodotities

    Valuable commodotities will vary according to supply and demand. When marshall law or a police state is in place in America, it will not be the usual items on most people's minds that will be vital and have a higher value than ever thought. It will be a commodity like ammunition that will be extremely sought after by many people.Even if you do not own a firearm some ammunition will be a good barter tool. Check with the local police to determine what caliber is one you might consider stock piling for a year.The usual valuables might very well become useless as the economic condition of America continues to decline.

  • 05

    Physical Appearance

    During a collapse of any economy, it will be how people look that will divulge what items they possess. The person who has hair well groomed and trimmed will be obviously able to afford that action and that action will state money is available for that service as well.A smoker will be thought to have funds that support an expensive habit and in that same way looked on to be well off financially.The house's physical appearance will give messages with smoke coming out of the chimney as a sign a person has firewood or other burnable items.Keep all storage areas and sheds secure from transients or people looking to loot your belongings.







Comments

  • dptstretch 9/15/2012 Flag This Comment

    at first glance, this might seem like a bit over protection...but then, I realized that I am doing most of this already...a little scary to me! H5

  • hummingbirdee 9/14/2012 Flag This Comment

    Great advice. I was surprised at how much it costs to smoke and can't believe anyone can afford to do it in this economy.

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