The year 2008 opened the eyes of the world to something that they thought could not happen – a recession. This was the first real taste that people had of the devaluation of the dollar. It certainly was not a pleasant experience but it was one that came with a lesson.
At the end of World War II, the United States was of the few countries with a relatively sound economy. This stabilized state was what led to the American dollar being considered the world’s reserve currency. This has ensured that the dollar remains one of the more common forms of exchange among international business. The accretion of dollars by the global community is one of the reasons that the dollar has significant value. It is not inconceivable, however, that the dollar will devalue to the point of essentially being worthless. As other nations switch to a separate reserve currency, the United States will be plunged into fiscal chaos. This can be overcome with the introduction of a bartering system that will allow people to still get the items that they need. Here are some things that you can use to barter with:
Guns and Ammunition
The first priority among people, and the key to survival, is to be able to feed yourself and your family. This is how guns and ammunition will play a vital role in a new economic situation. They can be used to hunt and gather food. This is why they will appreciate in value, especially among people who did not have the foresight to prepare. When the dollar can no longer provide you with the nutrition you need, weapons will deliver instead.
Antibiotics and other products that have medicinal properties will become immeasurable in value. American industries will close down shortly after the devaluation of the dollar. With their high running costs, it is conceivable that hospitals will be one of the first institutions to shut down. This is when any medicine will skyrocket in value. Along with needing food and shelter, people will also need to keep up their health. In case there are injuries, they will also require similar supplies.
Tools can be used for fixing and building. This is especially useful when you simply can’t call the nearest handyman to fix things up for you. People will also have to alter certain aspects of their home and surroundings to accommodate their new way of living. Tools will help with these renovations. Having a few extra set of tools around will be a great way to get some essential things that you may need from your neighbors or friends.
It may not seem necessary but you should buy gold as an investment. The depreciation of the dollar as a currency does not affect the standing of gold in the global economy. This is a great way of ensuring that you still have something that is of monetary value. This is important in case you require something that cannot be found within the United States. It also ensures that when the American economy is constructed once more, you will have the means to join it almost immediately.
It is always better to be prepared than to be caught unawares. It is easy to observe in today’s world where things that were previously considered stable are now proving unsecure. You can ensure that you survive whatever is thrown at you by being ready for it.