Signs of Financial Collapse and How To Avoid Last Minute Mayhem
Greece is now being compared to a country that has had its economy devastated by war. As on Sunday, Greek politicians voted NO to accept further financial help and implement austerity measures at the request of European bankers. What is the result of this vote? The Greek people have been forced to reduce their lives to the bare necessities.
While the people have been forced to deal with decreasing incomes and supply problems for some time now, recently the situation has picked up speed. The Greek crisis began in 2009, so they have had years of cutbacks to prepare them for their current situation. We thought it would be an interesting opportunity to peek in on some of the signs of economic trouble that we should all watch out for, and some things we can do ahead of time.
These trouble signs are not just for far away countries, but our own nation and even our cities. When you see the following signs, you should wrap up your main supplies list and ready your LAST MINUTE WANTS AND NEEDS LIST. The goal is to have your important items well before the supply shortages and price gouging takes effect. The Last Minute List (LML) is designed so that any shopping you do is in places opposite of other people.
Increasing signs to look for in a faltering economy:
Increasing budget deficits
Downgrading of national or municipal credit ratings
Salary freezes at government level
Increased taxes on fuel, tobacco, alcohol and luxury goods
Cuts in public sector pay
Civil unrest, Union strikes
The use of the word austerity
Limits on bank withdrawals
Stores run low on supplies
Medical supplies and services reduced
Law enforcement, civil servants reduced
Bartering becomes more common
Currently in Greece there are countless reports of the communities coming to a standstill. Shops are closing and stores are out of stock in many items. Right now there is a run on the basic necessities. Foods, medicine, and toilet paper are being stripped bare and stored in preparation of national unrest and total financial collapse.
The current most popular items being hoarded:
Any foods that are non-perishable
Items such as meats, cheeses, fruits and vegetables are becoming scarce. ATM machines have been running out of cash and there is very little cash left to resupply the machines, even with the severe limits on withdrawals by individuals. People on pensions are having trouble just getting through the long lines to get their money. Many shop owners have stopped accepting credit cards from national banks. The deposit insurance fund is drying up and the banks are reportedly forming a plan to seize money in many accounts over a certain threshold. The Country of Cyprus recently did this to boost their own economy, which led to people withdrawing their money and placing it elsewhere. This has also happened in Greece, that practice is called capital flight.
There have also been stories of families who are surviving because they have gardens and small livestock such as chickens and goats. It has taken a number of years to make the news about the current situation but the Greeks and citizens of many other countries have watched their way of life deteriorate. Those that took the time to prepare just in case of such problems seem to fare more well than those unable or unwilling to do so.
If you found yourself in such a spiraling and uncertain situation would you be panic shopping? Hopefully not, but if you do there is a strategy to reduce your exposure to the crowds. Most people will wait until the last minute and then seek out basic survival supplies. We don’t want to be in that category, we prefer to have that out of the way as much as possible.
Below we have created a Last Minute List (LML). The items on this list are going to help you create/repair shelter and other possible tasks of survival as well as the benefit of having barter supplies. While other people are out stripping the grocery store shelves, you may want to visit the hardware store, auto supply, farm store and such. You shouldn’t have as much competition for resources as long as you are where others are not.
This list may be customized for your situation.
The Last Minute List (LML)
This list is to be regularly reviewed and fulfilled as possible. In case of pending or imminent threat, procurement tasking of desired items should be assigned to members based on skills and transportation abilities. Attempt to locate items where others may not look. Attempt to conceal the spoils from others. Mind your safety and security at all times.
- Tow Trailer: Covered if possible like a Horse Trailer.
- Pack animals
- Off road transport
- Farming equipment
Construction supplies (hardware)
- Wood – 2×4, 4×6, plywood,
- 2×10″ Pressure Treated Lumber for Raised Beds:
- Nails – 1″, 2″, 3″, 4″ Galvanized,
- Screws – 1″, 2″ 3″, 4″ wood and metal
- Brackets: “L” – “T” – Straight
- Metal Piping and PVC piping, fittings ½ “ and 1”- 90 degree elbows, couplings and various fittings
- Glue: Similar to all purpose Gorilla Glue
- Duct Tape: Gorilla Duct tape
- PVC Glue and Cleaner:
- Screening Material:
- Electrical wire and connectors
- Hand tools Hammers, wrenches, Screwdrivers, Crowbars, Machete, shovels, axes, files
- 12v car/ motorcycle Batteries,
- 12v led lights
- Jumper Cables
- Carts, wagons
- Mason String
- Tape Measure
- Hose, tubing
- Barbed wire
- Solar panel materials
- Plastic bins
- Metal trash cans
- Rain barrels
- Chicken wire
- Animal feeds, Chicken Rabbit, Dog, Goat, Horse
- Zip ties
- Bailing wire
- Bug spray
- Fly traps
- Rat/mouse traps
- Spare shoes / boots
- Trash bags
- Grill lighters
- Laundry detergent
- Dish detergent
- Baby wipes
- Aluminum foil
- Saran wrap
- Oven roasting bags
- Black/ Gray/Green/Brown spray paint
- Cotton sheets
- Bungee cords
- Surgical tubing
- Cooking oils
- Motor oils
- Spare filters for any engines
- Automotive belts
- Radiator hose repair kit
- Flat tire repair plugs
- Bulk Fabric
- Fishing Supplies
- Personal Hygiene supplies
- Extra Medical supplies; Bandages to Tylenol
Other/ Bartering Items:
- Disposable Lighters
- Vegetable seeds
- Sterno fuel cells
- Alcohol: Whisky, Scotch, and Bourbon, Rum, Moonshine
- Anything items that could be traded for other supplies, keep in mind comfort and off grid survival items.
The situation in Greece didn’t begin yesterday and will not end tomorrow. It has been said that we are all poor at different levels and those who make the effort to create surplus will the ones that have the upper hand in a crisis economy.
What do want to add to the Last Minute List?