Chapter 69 - How to Survive Economic Collapse

The major threat to the world is not nuclear, it is financial Armageddon. Hyperinflation and economic collapse will occur very quickly. Perhaps overnight. Cash may be available from ATM's for a short time. Bank electronic payment systems will soon cease to operate and credit cards will not be accepted. Purchases will only be possible with cash. Cash will soon start rapidly eroding in value. This will lead people to resort to barter. Some items, including food, will become very expensive and some items will become very cheap. Guns, bicycles and food will inflate in price. Neighborhoods will become quite dangerous places as hungry people will steal and fight for the necessities of life. Shops will be mobbed and looted. This, unfortunately, will prompt shopkeepers to flee and so little or no food will enter the city.

While you may think this may never happen, the Germans and the Zimbabweans and others thought the same as you. They did not see it coming. It is better to be prepared.


Security, water and food supply are going to be your main concerns. Be prepared.

Last Plane Account

This is an account at a financial institution that is designed so that you have a monetary nest-egg in a financial safe haven. If your nation disintegrates, you and your family will be able to live in reasonable comfort in another nation.

Some Quotes on Survival

Barton Biggs

"Asset diversification helped. Real assets such as land, property, gold, or a business were somewhat better than stocks but far from perfect. A working farm protected both your wealth and your life. The other solution was having money outside the country in a safe haven." [690]

"Anyone with wealth has to care about all this. There is no use working yourself to death to accumulate wealth if it can't be preserved and enhanced." And just to open up the essentially unlimited scope of possible threats, he observes: "The next apocalypse may be different from the previous one." [690]

"... part of your diversification strategy should be to have a farm or ranch somewhere far off the beaten track but which you can get to reasonably quickly and easily. Think of it as an insurance policy... Your safe haven must be self-sufficient and capable of growing some kind of food. It should be well-stocked with seed, fertilizer, canned food, wine, medicine, clothes, etc. Think Swiss Family Robinson. Even in America and Europe, there could be moments of riot and rebellion when law and order temporarily completely breaks down." [690]

Barton Biggs mentions the 1920s hyperinflation in Weimar Germany:

"The message for wealth preservation is important. Hyperinflation occurs from time to time, and basically it is one of the Four Horsemen in drag. To survive much less prosper, the wealth holder needs to own... property, real estate, or a business." [690]

[690] Barton Biggs. "Wealth, War & Wisdom"