Billie and Robert Nicholson

Today I asked several people what they would do in the event of an economic collapse. The blank stares I received in response were not funny. After a moment one person said, “Without banks and money, people would lose their homes.” Then he said, “I think I should go ask my dad, he remembers what happened to his parents during the Great Depression. I think they had to start a shoe repair business to make ends meet.” Just in case you haven’t thought much about the economic impact of nations verging on the brink of economic collapse, here are some tips on how to prepare should that collapse impact your community:

  1. Store food – how long could your family survive on what you have right now?
  2. Clean water – do you have a plan or some stored around your property? Plus get some water purification tablets.
  3. Shelter – where can you stay, do you have a tent and sleeping bag?
  4. Warm clothing – blankets, sweaters, rain ponchos
  5. Ax – may help with gathering wood for fuel
  6. Lighters or waterproof matches
  7. Comfortable shoes
  8. Flash light or lantern with batteries or lamp oil
  9. Radio
  10. Communication equipment; walkie – talkies, etc. Have an emergency meeting place.
  11. Swiss army knife
  12. Personal hygiene products
  13. First-aid kit and other medical supplies; pain meds; prescription meds
  14. Extra gasoline
  15. Sewing kit – for sutures and mending fabric tears
  16. Self-defense equipment – pepper spray and more, plus ammo
  17. Compass to help find your way
  18. Hiking backpack for a bug-out-bag filled with food, water & clothing for 72 hrs.
  19. Community – some way to get together with others – we will not survive as loners.
  20. A back up plan – how will you provide for your family without centralized services like water, sewer and electricity?
  21. Special needs of babies and pets
  22. Card games, etc. for entertainment; preparedness books with survival instructions
  23. Stock up on vitamins – survival food may not be very nutritious.
  24. It could get to be too late to grow some of your own food so start now.
  25. Move away from the big cities.
  26. Start a side business – look for a community need and prepare to fill it.
  27. What expenses can you reduce?
  28. Acquire some silver and gold.
  29. Get out of debt.
  30. Keep some cash at home/ in your vehicle.
  31. Have money in more than one financial institution.
  32. Build up an emergency fund to cover all your expenses for at least six months.
  33. What items can you use for trade/barter?
  34. Physical fitness
  35. Spiritual preparations – prayer and scriptures
  36. Keep your plans a secret.


Billie and Robert Nicholson, authors, historians and master photographers, welcome your questions or comments. They can be reached at