Today I share the next author interview and book giveaway in the Backdoor Survival Summer Book Festival. Peter Damaris, the author of Spiraling Downward: Thinking About and Planning for Economic Collapse, shares his answers to my questions and is also providing one of my readers with a free copy of his book.
Before we begin, I would like to announce the winner of last week’s giveaway. “Sue” has won a copy of 299 Days: The Visitors. Congratulations! I have contacted you by email with instructions for claiming your book. Here is how Sue answered the question “What are you personally preparing for?”
Preparing for most likely short term situations – bad weather. Long term – economic collapse with following societal chaos.
Be sure to check out the details of this week’s giveaway below.
AN INTERVIEW WITH PETER DAMARIS
Tell me about your book, Spiraling Downward: Thinking About and Planning for Economic Collapse. What is it about?
Spiraling Downward discusses the characteristics, warning signs and preparations for economic collapse. It takes the reader through progressively worse economic situations from a market crash to a breakdown in social cohesion. It analyzes what to look for in the market, how and where, and what to do with your financial assets under each scenario. It describes the complexities of global markets in easy-to-understand terms. What this book is not is a general prepper book on how to store food, bury weapons, etc.
This book looks at markets and talks about preserving capital.
What type of research did you have to do while writing Spiraling Downward?
I have over 30 years work experience in a variety of financial institutions and consulting firms both in the United States and abroad, with a particular focus on risk management, financial analysis, equity portfolio management, and distressed debt resolution. Much of the “research” came from experience, but there was extensive research into historical examples of market collapse and global data to illustrate points.
How long did it take to write?
The book consumed a period of about four months writing nearly full-time.
Every book, fiction and non-fiction, includes a message. What message do you hope my readers will take with them after reading Spiraling Downward?
The main objective of the book, from my angle, is to educate the reader on the complex world of global finance, to illustrate how fragile it all is and how quickly it could unravel.
Can you tell us a little bit more about yourself?
Beyond the work experience I described, I hold a bachelor’s and master’s degree in International Affairs with concentrations in Economics and East Asia. I live in North Carolina with my wife.
Do you have plans for another book?
Yes, I am nearing completion on a practical, “enjoy the good life” personal finance book to be published by Prepper Press.
Is there anything else you would like to share with my readers?
Knowledge is power.
Another market crash and depression is inevitable. It’s only a matter of time. Educate yourself so that when it happens, you’ll be better able to position yourself to minimize its negative impact on you and your family.
THE BOOK GIVEAWAY
A copy of Spiraling Downward has been reserved for one lucky reader. This week’s question is an important one since I will be using the answers when I compile a new list of Backdoor Survival reader book favorites.
Here is this week’s question:
What is the title of your favorite NON-FICTION survival or prepping book?
To enter, respond in the comments area at the end of this article. The deadline is 6:00 AM Pacific next Friday. A winner will be selected at random using tools on the random.org website. In addition, the winner must respond to my email within 72 hours or an alternate winner will be selected.
Note: If you are reading this article in your email client, you must go to the Backdoor Survival website to enter this giveaway in the comments area at the bottom of the article.
THE FINAL WORD
When it comes to numbers and all matters accounting, I am pretty knowledgeable and skilled. With economics, however, I am not so good. That is why plain English books like this one are so helpful in defining not only the situation today, but the realities of preparing for tomorrow.
Enjoy your next adventure through common sense and thoughtful preparation!
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Spotlight Item: America has suffered two economic blows in less than a decade: the collapse of the dot.com bubble in 2000 and the collapse of the real estate bubble in 2007-2009. These blows have left the U.S. struggling to stay on its feet. Spiraling Downward considers the consequences if a still-weak America took another hit, another stock market crash and credit crunch. Given unaddressed imbalances in the US economy, an economic collapse, is indeed possible.
This book charts a path that an economic collapse might take. It starts with the anatomy of a market crash and a credit crunch. It seeks to identify the danger zones from which another crash might arise. It then looks at how a crash might shock an economy already weak into an un-arrested downward spiral. Spiraling Downward thus offers a way to think about the unthinkable. At a time when conventional views of recession and recovery prevail, this book asks us to consider a different proposition: maybe this time it’s different.
Bargain Bin: Listed below are all of the books in the Backdoor Survival Summer Reading List. There are both fiction and non-fiction titles and a bit of something for everyone. Also, some of these books are Kindle e-books but you do not need a Kindle to read Kindle e-books. Simply download the free Kindle app from the Amazon site and you are good to go.
THE BACKDOOR SURVIVAL SUMMER READING LIST – NON-FICTION
The Unofficial Hunger Games Wilderness Survival Guide
The Mini Farming Guide to Composting
Meals in a Jar: Quick and Easy, Just-Add-Water, Homemade Recipe
Fight, Flight, or Hide. The Guide to Surviving a Mass Shooting
Don’t Be A Victim!: An Officer’s Advice on Preventing Crime
Emergency Air for Shelter-in-Place Preppers and Home-Built Bunkers
Real Time Machines: The Future is an APP
Survival Medicine Handbook
Guns Across the Border: How and Why the US Government Smuggled Guns into Mexico
Spiraling Downward: Thinking About and Planning for Economic Collapse
THE BACKDOOR SURVIVAL SUMMER READING LIST – FICTION
Shop the Emergency Essentials Monthly Specials: The monthly specials at Emergency Essentials feature discounts of up to 35% off sometimes a bit more.
One of the sale items this month is the Meat Variety Combowhich is 35% off. Included are cans of Salmon, Diced Roast Beef, White Turkey, Ham, Ground Beef and Smokey Flavored Chicken Chunks. This month I purchased this combo for my own food storage.
Not to be left out, the Freeze-Dried Fruit Variety Combo is also on sale. Lately I have been using FD fruit in my own “Survival” Sangria and fruit smoothies that also use the Creamy Vanilla Drink Mix.
I am frequently asked how I accumulate FD products for food storage. I set a budget of $100 (more or less) and place a small order every month. Over time, it all adds up – faster than you might think. Of course, in my case, I am always opening the cans and using my food storage. For me, it makes sense especially when in comes to things like butter powder, green onions, pepper dices and other pantry items that I often run out of.
In the gear department, this month the Katadyn Combi Water Filter is 34% off at $144.00. There are a lot of other items on sale this month so take a peek!
Need something from Amazon (and who doesn’t)? I earn a small commission from purchases made when you begin your Amazon shopping experience here. You still get great Amazon service and the price is the same, no matter what.
Amazon has a cool feature called Shop Amazon – Most Wished For Items. This is an easy tool for finding products that people are ‘wishing” for and in this way you know what the top products are. Like I said, very cool.
Help support Backdoor Survival. Purchases earn a small commission and for that I thank you!
11 Steps to Living a Strategic Life: This little book will provide you with the motivation to get started or stay on track with a self-reliant life. 11 Steps to Living a Strategic Life, co-authored with my long time pal, George Ure (www.urbansurvival.com), and can purchased from Amazon.