The Coronavirus May Cause the Next Depression The global economy is suffering significantly from the coronavirus outbreak. Businesses have closed their doors either temporarily or permanently. Governments are putting together stimulus packages and central banks are providing liquidity to the financial system. While you may remember seeing similar market effects and response measures taken during the 2008 financial crisis, the pace at which markets have tumbled during this pandemic is unprecedented. Moreover, the worst is yet to come. Coronavirus cases are still rising rapidly throughout the US and Europe. Healthcare systems are beginning to buckle. Unemployment is starting to rise....
5 Products You Can Buy to Protect Yourself From COVID-19
Don't Panic. Prepare. The COVID-19 pandemic has created widespread panic. Scared citizens flooded supermarkets and bought up as many items as their carts could hold. What differentiates those who are prepared from those who are panicking is education. Preppers know what products to buy and why they should buy them. They're learning how people become infected and how to protect themselves. Those who are panicking, however, are buying so much toilet paper that it's now in short supply. To be clear, COVID-19 does not cause diarrhea. People just aren't thinking rationally! Let's therefore discuss the rational ways in which we can respond to this pandemic. Below are 5 products you can b...
Why Disaster Preparedness is So Important
Governments Need to Wake Up If there's one thing we've learned from the coronavirus, it's that governments around the world are unprepared for disaster. China's initial response to the coronavirus was to suppress news of the infection, which ultimately enabled its spread. The coronavirus has now infected people across the globe and is killing US citizens. Governments have not prioritized disaster preparedness and we're now paying the price with our lives and our finances. Hopefully, this disaster will force governments to wake up and prepare for the next one. I'll share why disaster preparedness is so important and what we can do to improve our chance of surviving the next disaster...
Risk Management for Preppers: How to Assess and Mitigate Risk
Preppers are Risk Management Experts As I've said before, prepping is a form of insurance. Preppers identify risk factors in their lives and systematically reduce those risks. This doesn't mean we need to buy every insurance product someone wants to sell to us. Some risks are so small that we cannot possibly justify paying the insurance premiums. What we need to do, then, is learn which risks need to be mitigated. Risk management, the act of assessing and mitigating risks in our lives, is a skill every prepper should master. Below, I share three ways in which peppers can become better at risk management. Identify the Downside People hate losing. It doesn't matter what it...
New Year Fear: What to Prep for in 2020
2020 is Here Can 2020 possibly be more eventful than 2019? 2019 had international protests, impeachment proceedings, and natural disasters, to name a few. That said, 2020 is already off to a crazy start. If the upcoming US election wasn't enough to clutter the news, then the assassination of an Iranian terrorist certainly did the trick. Geopolitics sure aren't going to be less contentious this year. Our climate is unlikely to miraculously improve as we start the next decade. So, what can we expect? Below I explain why I'm beginning to feel New Year Fear. International Relations New Year Fear may subside a bit if a trade deal is finalized between the US and China. However...