Preparing For Economic Collapse, By Fernando Aguirre
“How can I prepare for an economic collapse?” Is one of the most common questions I get. It usually takes me a second to start to explain how complex such a question is. It’s like asking an auto mechanic “Say, how do you build a car?” or asking a computer engineer “What’s all that stuff inside my laptop?” I do have some first-hand experience in this matter though. The economy in my country, Argentina, has gone through various crises, but none as large as when the economy collapsed in 2001 after a decade of apparent prosperity. The currency devaluated, Argentina defaulted on its USD$132 billion debt, the largest default ever. The middle class took to the streets after bank accounts were frozen and the president was forced to resign, escaping the presidential building in a helicopter. What I’ll do is, based on what I know, provide five quick foundational steps for you to follow so as to be better prepared if something like what happened in my country ever happens in yours.