I have spent the past week illustrating how a coming economic collapse is unavoidable and how the elite have conspired to steal as many of your assets as possible prior to the collapse. This article presents some common sense things one can do which could increase the chances of surviving a major societal meltdown resulting from an economic collapse. If you have any doubts as to what is coming, I strongly encourage you to read what I have written about on this topic over the past 7 weeks. Ray Charles could see that our economy will not be around much longer in its present form. You can read these stories here, here, here, here, here, here, here, here, here and here,
It is always best to prepare for the worst and hope for the best. For the purposes of this article, it is possible that society will not totally collapse even if the dollar does. However, large segments of societies always collapse when an economic collapse happens. Surviving the worst case scenario is the purpose behind what will be covered here.
1. The Creation of a Pseudo-Identity
It may be necessary to become invisible in the event you think you believe that your name could be on a (Red) list because roundups will usually occur in dire situations. Therefore, the creation of a pseudo-identity could become very important.
2. It Takes Money to Prepare
If you have read the articles at the above links, you should have concluded that it is height of stupidity to leave your life savings in an institution that is planning to steal from you. You need to divert your cash, other than the ability to pay basic bills, in preparation for what is coming.
Getting your money out of the bank has become an art form and you need to be careful. There is a barrier to your ability to procure some of these life-saving and life-extending supplies. Right now, you do not have full access to your money.
As you move to withdraw the bulk of your money, there are three federal banking laws that you should be cognizant of, namely, Cash Transaction Report (CTR), a Suspicious Activity Report (SAR) and structuring.
Cash Transaction Report’s
Federal law requires that the bank file a report based upon any withdrawal or deposit of $10,000 or more on any single given day.The law was designed to put a damper on money laundering, sophisticated counterfeiting and other federal crimes.
To remain in compliance with the law, financial institutions must obtain personal identification, information about the transaction and the social security number of the person conducting the transaction.
Before proceeding with the planned withdrawal of your money, I would strongly suggest that you read the following federal guidelines as it relates to CTR’s as produced by the The Financial Crimes Enforcement Network (FinCEN). All the federal regulations contained in this article are elucidated in this series of federal reports.
Structuring and SAR
There will undoubtedly be some geniuses whose math ability will tell them that all they have to do is to withdraw $9,999.99 and the bank and its protector, the federal government will be none the wiser. It is not quite that simple. The bank is required to file a Suspicious Activity Report (SAR) which serves to notify the federal government of an individual’s attempt to structure deposits or withdrawals by circumventing the $10,000 reporting requirement.
Structuring transactions to prevent a CTR from being reported can result in imprisonment for not more than five years and/or a fine of up to $250,000. If structuring involves more than $100,000 in a twelve month period or is performed while violating another law of the federal government, the penalty is doubled.
Much like the enforcement of our tax laws, the federal government’s enforcement of its banking laws as it relates to CTR’s, SAR’s and subsequent structuring is quite draconian. Civilian asset forfeiture laws come into play. The government can seize your bank accounts while it determines if a crime has been committed. The government can literally seize your assets in perpetuity without an order of the court. Of course, you could try and sue but you will be up against the deep pockets of the federal government and the case could take years. By the time your case is decided, the financial banking crisis that you are so desperately trying to avoid by withdrawing your money, could be over. So, proceed with caution.
Withdrawing Your Money From the Bank
The best way to avoid getting your money caught in the bank in the midst of a bank run would be to not let the lion’s share of your money ever cross the bank. The simplest way to accomplish this is to prevent any form of deposit from going automatically into your account, as much as it is possible.
Secondly, you need to begin to pay cash for everything. Let’s say that every 30 days, Bob cashes his check at the bank from his work worth $5,000 net pay. Bob leaves just enough in the bank to be able to conduct normal banking business. Bob walks out of the bank every month with the majority of the cash from his check. Bob should begin to pay cash for as much as he can, such as eating out, paying the electric bill (pay the bill in person), buying groceries, etc. When it becomes necessary to make a “big ticket” purchase, Bob could temporarily leave more in the bank to cover the writing of a check.
You would also be wise to open multiple banking accounts ranging from the big five megabanks to your local credit unions. You could withdraw much smaller amounts until the sum total of your accounts is greatly diminished and is in your possession. To open the accounts, simply write a personal check from your home bank. Of course, in these cases, the bank could hold the check for 15-30 days.
I cannot promise you that if you become the target of federal investigators, that you will not have your every financial move scrutinized and the feds will eventually discover the aggregate patterns of withdrawal. People who I interviewed told me that they believe that the federal government is in the process of getting the banking computers to “talk” to each other in a way that would reveal structuring, but that technology is not yet online.
If you ever become the target of a federal investigation, do not, under any circumstances, allow yourself to be interviewed by federal officials without an attorney present. In many cases, people go to jail and pay huge fines, not because they have committed a federal crime, but because federal officials state that they have lied or misled them. And if you do not have an attorney present, it is your word versus the federal government.
There are other sources besides bank that you can tap into for money which can be used to prepare for what is coming.
4o1K’s, IRA, et al
If you were 100% convinced of an imminent crash, you would be foolish not to take your money out. However, the prepayment penalty of 50% is steep if you withdraw your funds before you are 59.5 years old
If you are retiring soon, take the lump sum option and convert all of these retirement monies to survival supplies and gold which you will need as the world emerges from the crash.
The moral of the story is to become as liquid as possible, from a cash perspective. Getting access to your money is only the first part of being prepared to survive an economic crash.
3. Make a List
Buy a good prepper book. Holly Deyo is an excellent source for this information (www.standdeyo.com). In the interim, procure your food, water, guns, ammo and home security adjustments. If you do not have a big dog, consider obtaining a pair. These animals will be your companion, home security system and ally if someone attempts to breach your home with bad intent. Of course, you will have to store dog food as well.
Sit down and construct a list of what you will need after reading a good prepper book.
Make all of you purchases in cash! You do not want to let the wrong people know what you are up to.
4. Rural Vs. Urban
We have to live our lives for today and it may not be possible to move to a rural area because of your job. However, one survivalist that I was speaking with estimates that the rate of survival for a country in economic chaos would be 10 times higher for rural residents as opposed to urban residents. Consider buying a place in an isolated area and commuting to work in the interim.
5. Pay Off Your Mortgage and Car Loans
If you have a CD, a 401k or any other long-term investment, you might want to consider taking the penalty and executing a withdrawal and apply what’s left of the principal, usually about 50% of the original value, and paying down your major debts.
After an economic collapse, you most likely will not have a job and your retirement and savings will likely be wiped out and confiscated. That is why it would be wise to pay down your debt while you can afford to do so because after the collapse, there will still be foreclosures and repossessions and if you and your family survive, you could be on the street if you cannot pay your bills.
6. Buy Gold and Silver While You Can Afford It
Goldman Sachs has been shorting gold. The elite have been hording gold as have the BRICS. These entities are telling you, by action, what medium of exchange is going to be of value following collapse that is coming.
Storing gold and silver is an economic survival strategy which will pay dividends after the smoke begins to clear in the post-collapse era.
7. Practice Austerity Before Austerity Is Imposed On You
It is critical to immediately eliminate all unnecessary expenses. Give yourself some operating capital. You may be able to purchase a bug-out residence in a rural area. You will certainly be able to afford more survival gear.
In order to increase your immediate cash flow, start an at-home business. Start a business which has virtually no upfront and startup costs. Even if you are not able to generate much income, you will create a legal tax evasion strategy in which you can legally deduct many of your present activities and expenses (e.g. mileage, the purchase of any office supply, etc.) including survival gear.
8. Create and Store Your Own Food
With regard to storing food, you need to do so immediately. I recommend storing two years worth of food. However, you need to master the art of growing food inside your home. There are plenty of resources which can teach you how to do that. However, you would be wise if you would create a hiding place in which you can store food and water safely in a hidden location. If you are ever robbed, you will not have exhausted your food supplies. You are most likely to be robbed by FEMA or one of their mercenary groups (e.g. Academi) during the beginning of the crisis because food and water will be used as weapons to control you. I am personally aware of FEMA going to selected homeowners to catalogue their reserve food and water supplies. Remember, water is sunlight and temperature sensitive. There are plenty of prepper manuals that you can consult for instructions on how to meet these needs. The time to do these things is yesterday.
The biggest threat to survival is death due to dehydration and starving to death. Contaminated water will also pose a threat. There are plenty of places to purchase large drums and obtain water tablets for water purification purposes. Obtain a pair of water filters in case you have to go mobile to survive.
Finally, learn to grow your own food within your residence. Your garden will likely be raided by humans and hungry animals alike. There are plenty of prepper manuals which can teach you how to accomplish this task.
9. Personal Supplies
Of course you will need toothpaste, toiletries, eating utensils, etc. For a complete list of personal items see Steve Quayle’s list on his website.
10. Horde Medicines and Medical Supplies
If you or your family has a chronic health condition, it is critical that you have 6 months to a year in medicine. Also, you should research natural alternatives to treatment for health conditions in case you are not able to meet this goal due to the inability to obtain prescriptions. Don’t forget to obtain some pain medication and antibiotics in case of unforeseen emergencies. Make a trip to Mexico and sneak across medication in old pill bottles in order to escape detection by the Border Patrol who will ask you if you obtained medication in Mexico when you come back across the border.
If you can safely ration your existing medication doses, do so and store the excesses. Make sure you also have a first aid kit. Take a First Aid class including CPR at your local fire station. Do not forget your hygiene supplies.
Some are thinking that this is a lot of work. My response would be, how bad do you want you and your family to survive?
11. Guns and Ammunition
Buy your guns off the books from private parties and at gun shows. “Keep guns for show and guns for go”. In other words, have a safe location that you can bury guns so that when gun confiscation begins, you will not be left totally defenseless.
America needs to not only create safe and secure homes, but to create as many Warsaw ghettos as possible (look it up). We need to make ourselves a hard country to conquer and occupy. We cannot stop a treasonous leader from handing off the country to some foreign entity (e.g. the UN). However, occupation of America should be problematic for the blue-helmet wearing Russians, Chinese and other proxy forces training on our soil to occupy us.
It is recommended that you have 3 types of weapons: (1) pistols for close in fighting; (2) shotguns for defense of the entrance to your home; and, (3) a rifle with a scope in order to fight back against long-range snipers that do not want to storm your home because you appear to be prepared. Immediately, obtain weapons instruction for you and your family, firearms training and then practice! Conduct mock raids on your residence so that you can see your vulnerabilities. An armed populace makes a people more feared by an abusive government.
Do not forget about gas masks for each member of your family and make sure to store extras. If you have the means to obtain body armor, do so now, because Congress is preparing to outlaw the private use of body armor.
12. Prepare to Survive in the Raw Elements and Build a Way of Life
It is possible that you can learn to survive in the raw elements without heating and central air conditioning. You may not have lights. Obtain flashlights, many batteries and a hand crank radio.
Make sure you have clothes befitting all weather that you may encounter because a crisis that begins in January, may not be over by August.
Take a weekend and pretend the grid is down. This will allow you to see firsthand what supplies you will need. When should you perform this drill? There is no time like the present.
To people with generators, congratulations on your foresight. However, if you are the only house on the block with lights, how long do you think it will be until you have unwanted visitors with bad intent?
Get in shape, begin to walk, jog or run. The better shape you are in, the better.
Don’t forget about procuring non-electronic forms of entertainment. This shouls include board games and educational materials for your children. You will want to establish some normalcy for the sake of your children. You are preparing to adopt a new way of life. Make the new life worth living.
I would also recommend that every personal library contain The Constitution of the United States. After the chaos subsides, we will need to rebuild. You will not want to live in a “might makes right” society.
13. For Goodness Sake, Do Not Tell Anyone
If your four adjacent neighbors broach the topic of preparedness, gauge the situation and then make an informed decision. If your neighbors are on board with preparing, that will help you form a defensive perimeter and a mutual alliance pact. Otherwise, tell nobody of your preparation plans. Do not tell your friends, family members, and co-workers. Make your preparations in cash or cashier’s checks as much as possible. Limit the paper trail to you. You do not want the government to know that you are prepared because you could be the first one on your block that is visited at 3AM. You and your mate should prepare in stealth. Kids talk and so do their friends.
Survival is never guaranteed, salvation is! And do not forget one of your most important resources, your Bible.
In an upside-down world in which the banks legally own your money, getting your money away from these criminal banks has become an art form. I cannot promise you that you will be able to retrieve all of your assets, However, I can promise you that if you do not act, you will lose everything and you will lack needed supplies to weather what is coming.
I would strongly suggest that you keep your gas tank filled and you have plenty of cash, food and ammunition on hand. It is better to be safe than sorry.
Dave Hodges is the Editor and Host of The Common Sense Show.