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.
Mainstream economist and financial adviser Barton Biggs is a proponent of preparedness. In his 2008 book Wealth, War and Wisdom, Biggs has a gloomy outlook for the economic future, and suggests that investors take survivalist measures. In the book, Biggs recommends that his readers should "assume the possibility of a breakdown of the civilized infrastructure." He goes so far as to recommend setting up survival retreats: "Your safe haven must be self-sufficient and capable of growing some kind of food," Mr. Biggs writes. "It should be well-stocked with seed, fertilizer, canned food, medicine, clothes, etc. Think Swiss Family Robinson. Even in America and Europe, there could be moments of riot and rebellion when law and order temporarily completely breaks down."
The federal government is concerned, too. An October 2017 House hearing on the EMP threat noted that The Great Northeast Blackout of 2003 plunged 50 million Americans into darkness for a day, contributed to 11 deaths, and cost the country $6 billion, all because a powerline near Cleveland zapped a tree branch that damaged 0.00001 percent of the grid. In 2012, a high-voltage powerline failure caused the world’s biggest blackout, plunging 670 million Indians into darkness.
It’s bad enough being injured or lost in the wild but things really get bad when the weather closes in and you can’t get a fire started to stay warm and prepare food and hot drinks. That’s where Ultimate Survival Technologies’ Wetfire Tinder comes in. Developed specifically to help you get a fire going in the pouring rain if necessary it’s without a doubt essential survival gear.
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.
For Mike Mester, civil unrest is just around the corner and he aims to get everyone ready; Colorado computer programmer Preston White has collected over 11,200 types of seeds and plans for biosphere living in a Fukushima-irradiated future while friends Shane and others provide supportive help; Riley Cook spends his days working close to home and with the prepper society building underground structures.
SOG made their shovel practical survival gear by cutting back its length to a manageable 18 ¼” and its weight to an equally manageable 24 ½ ounces. It folds up to a mere 1 foot long and can be easily strapped to the exterior of any decent sized backpack. The SOG shovel also boasts a row of thick rugged teeth along the side for hacking and cutting underbrush or harvesting wood for your fire. The blade can also be rotated and used as a pick or a hoe to do more precise clearing. All in all this is a piece of survival gear you won’t want to do without.
Car electricity runs on direct current, but almost everything else is alternating current. What you need: an inverter. Some cars have them built in, but you can get one at a store for less than $40. Use the clamps to attach the inverter directly to the terminals on your car battery. Let the car run at idle and you have 110-volt AC power for as long as you have gas. With a 300-watt inverter, you'll have enough amps to run a laptop or even a television.