Could The Great Depression
happen to us again?
We think of it as a terrible time,
long ago, that could never occur again.
But according to Forbes business magazine,
another economic depression could happen,
and it's even likely to.
In fact, the next great economic depression could be just as bad,
or even worse,
than The Great Depression.
While the stock market now has
some checks and balances in place
so it can't crash as quickly as it did in 1929,
big banks and Wall Street haven't changed.
So, how can you survive a depression?
Well, here's how to do it,
Is your job really secure?
Remember that during hard times,
people only buy essentials.
Does your company provide essentials?
And are you an indispensible employee?
It's unlikely that your job
is 100% secure,
so add to your income
with everything from freelance writing
to selling on eBay.
If you don't watch your spending,
you'll just bleed money and not have a plan or a safety net
for lean times or emergencies.
When the economy is going downhill,
first it will be described as a recession,
then it becomes a depression.
So, fix your finances.
Use a software program to track your spending,
or write everything down in a book.
That way you can see where your money's going,
and make some choices.
It may seem unbelievable now,
but society can fall apart fast.
Fear and hunger can make people
desperate and aggressive.
They'll raid your resources,
whether it's your food
or items they can sell after they steal them.
So, buy the best locks you can for your doors.
Put your children in self-defense classes.
Take some classes yourself
and learn how to protect yourself from attackers.
Even if you live in an apartment,
you can grow tomatoes,
beans and broccoli.
For someone who's used to eating pizza and takeout,
it's hard to imagine that
you may have to grow your own food,
but it could just be the key to your survival.
People grow herbs indoors all the time,
but many have also begun indoor gardens
or rooftop gardens that include
root vegetables and edible plants.
You can join them and become an urban gardener, too.
It may seem like a low priority
to think about your attitude,
given that food and self-defense are on this list.
However, the Great Depression proved
that one of the greatest obstacles to survival was when a person
simply couldn't cope.
People buckled under the stress.
Some sank into brutal mental depressions
that caused them to give up and waste away.
So, in order to survive a terrible struggle like this,
You have to work on your mind.
Practice belly-breathing; it's healthier.
And meditate.
Everyone from war veterans
to children are now taught
that the fastest way to mental clarity
is to meditate.
And, you can do it alone or in groups,
And find ways to think positive thoughts.
This might be the hardest task
during a depression,
but it may save your life.
When our world falls apart into chaos,
it tests our inner strength.
Our friendships and family become even more important.
And, we must be resourceful.
While it may be tempting to pretend
that it could never happen to us,
it's much better to behave as if it could
and be prepared.
We don't know yet if the next
economic crisis will be a recession or a depression,
but we do know that survivors
of the Great Depression were careful with their money, and inventive.
So, if you follow the advice in this video,
you'll have a good chance of surviving an economic depression,
According to Science.