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Economically, how can concerned Americans prepare for the worst? (lemmy.ml)

submitted 1 day ago by oxjox@lemmy.ml to c/asklemmy@lemmy.ml

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I do not want this to be a political debate nor an opportunity to post recent headlines. However, in my opinion, this administration seems to be taking actions which history suggests may lead towards a near or total economic collapse. Whether you agree with this or not is irrelevant.

This post’s question is: If one were to have a concern that they’d no longer be able to afford common household goods or that mainstream (S&P, Nasdaq) financial investments were no longer sound, what can one do to prepare for “the worst”? What actions could someone take today to minimize economic hardship in the future?

I would also like thoughtful insight from older adults to offer younger adults about how they should be better preparing themselves for an uncertain future, outside of current events or place of residence.

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[–] P00ptart@lemmy.world 6 points 16 hours ago* (last edited 16 hours ago)

Skills are a good bartering chip. Things others can't do, or can't do to your abilities. A rare skill set or talent/ability will get you really far. But you have to advertise that ability. An engineer that can make a working electrical system out of car batteries and alternators will be worth more than a literal tonne of gold. Someone who can cut hair, valuable. The more you can help a community, the more accepting they'll be of you. A biologist would be amazing.

"Yep, that's hen of the woods, totally good to eat."

"I mean you COULD eat that, it won't kill you, but you'll be seeing pink Floyd's music"

"Never heard of pink Floyd"

"Doesn't matter, you'll know it if you eat that"

"If you fucking so much as touch that, I'm leaving, because you'll start projectile shitting your internal organs"

Yeah, biologists will be super valuable.

Edit: I am not a biologist.