More specifically, we want to avoid allocating our savings so heavily to any particular asset class (like U.S. stocks) that a really bad bear market in that asset class destroys our portfolio returns. And ideally we want to spread our savings around into different asset classes (like maybe developed market foreign stocks or US Treasury bonds) so if one asset class’s value zigs, another asset class’s value zags.
In the early ’80s on a job for the State Department to reinforce U.S. embassies and consulates following the 1983 Beirut barracks bombings, Pense says he and other government contractors around the U.S. converged on CIA headquarters at Langley, Virginia. The consortium of engineers traded notes and decided that the U.S. power grid was vulnerable. Inadequate, Pense says, compared to everything that’s been hung on it, and that was three decades ago. Three high-altitude electromagnetic pulses (EMPs) could take the whole thing down. Like New York City’s 1977 blackout, looting and pillaging would rule the streets, and that’s if they can get the lights back on quickly enough—if the power stays off for too long, order is lost forever. 
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And now, there are Democrats. Fear of the Trump administration is largely responsible for an urban and liberal renaissance within prepping; left-leaning Facebook groups and urban survivalism YouTube channels brim with freshly paranoid Americans who attend the same expos, talk the same shop and wipe with the same bulk supply of toilet paper as the conservatives who voted the other way. That said, I met no openly liberal preppers in Springfield. 
What programs like Doomsday Preppers have accomplished, or at least contributed to, is turning sometimes well-informed, sometimes totally unwarranted paranoia into a booming prepper-industrial complex. Each year, swap meets pack hundreds of convention centers and fairgrounds across the nation—they’re like camping shows with a dose of military surplus and hands-on instructional sessions. The September 2017 Kansas City Survival Expo & Gun Show, for instance, had tips on seed saving, “Overcoming 900 Health Diseases” and “A Devastating Street Self-Defense System.” The latter was taught by Norman Cantwell, who inspired Patrick Swayze’s character in Roadhouse. You get the feeling that he and Steven Seagal would be friends. 
The kind of gear you need – It’s easy to get obsessed with survival gear and start accumulating every new product that comes on the market. If you have money to burn and engage in a variety of backcountry activities this might be a sound strategy. Most people however decide pretty early on what type of outdoor activity floats their particular boat and as such any survival gear should have some sort of relationship to that activity. Everyone, for instance, should have an emergency whistle with them but not everyone will need an extreme sleeping bag. Everyone will need first aid items but not everyone will need to carry croval shovel or a tactical watch or field watch. If you’re a mountaineer you’ll probably want that shovel, especially if you’re climbing in the winter. If you’re going on a day hike and aren’t bringing food that requires preparation there’s no need for a mess kit and so on.

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For now, he broadcasts Monday through Friday, 9 to 11 a.m., and Finelli invites “instructors”—doctors, dentists, survivalists, a man who carries no identification, an Australian woman who talks about seceding from the government—anyone who has something relevant to preparedness. To Finelli, there’s little that isn’t relevant. He doesn’t sell merchandise or accept donations, as fellow GCN hosts such as Jones do. 
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