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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

84 comments fedilink hide all child comments

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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[–] bokherif@lemmy.world 9 points 5 hours ago (1 children)

You can't. Ride the wave. If the market tumbles, everyone will suffer. Which is most likely what they want anyway, because a hungry population is much more easier to control.

[–] MyRobotShitsBolts@lemmy.world 16 points 5 hours ago (3 children)

I disagree. A sated population is far easier to control. Hungry populations become desperate and have little to lose. Americans are sated and comfortable which is why we have allowed this to happen.

[–] RememberTheApollo_@lemmy.world 2 points 1 hour ago

A hungry population is easier to direct in violence. Tell them who the enemy is, who the reason for their problems is, and they will focus on that hatred and prejudice. Blame others for the problems.

That’s what the republicans have been doing, and they will continue to do it.

That’s the kind of control I think the commenter meant.

Right now we’re easy to control because we’re afraid to lose what we’ve got.

[–] vatlark@lemmy.world 5 points 3 hours ago

The french revolution has entered the chat

[–] bokherif@lemmy.world 8 points 4 hours ago (1 children)

That's what you would think. Like hungry people would protest or take action. But that's not how it plays out. When everyone is so busy with getting by and staying alive, nobody cares about any atrocities committed by the higher ups. I've seen many countries where the people simply ignore the craziest things their governments say or do.

[–] MyRobotShitsBolts@lemmy.world 6 points 4 hours ago

You're not wrong. We are seeing that exact scenario play out right now. We can agree on one thing. We are all fucked.