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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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[–] unphazed@lemmy.world 8 points 4 hours ago

Find books written about farming/saving during ww2. Get a freezer and a canner. Stock up on beans/rice/etc (long shelf life foods). Save bones from meat, boil them for 6 hours, then let fool and strain them. Can/freeze the broth (I put mine in quart freezer bags flattened out in the freezer). One quart added to 1qt water is filled with nutes for soups and such. If you have a fireplace, keep a bag of dryer lint for kindling. Buy heirloom seeds, learn how to save seeds (Whenever I grow green beans I always have 100+ dried pods in autumn as I usually only have enough to harvest 2x with any real quantity. Each dried pod has at least 4 beans). Buy things you need now that tariffs will affect the most (electronics, coffee, etc.) Start learning how to fix things yourself, get basic tools (drill, hammers, driver sets, wrenches, etc). Fix car problems now, before parts go up. If you know ANYONE still alive now from the 30s to 40s, pick their brains on what they did. Also, get books on identifying plants. Sorrel is awesome to add to food for flavor, dandelions are a good source of Vit C... my knowledge is limited, but so far that's what I've tried (do NOT eat roots of dandelion).