I'll admit that I was curious and watched the entire video (quite a time waster, as it's quite slow going) and now I'm still curious.... about his 4th step that he doesn't tell us about, because, of course, he wants us to pay $49.50 for his emails.
I do believe that we should be getting ahead a bit with some food storage of essentials that won't go bad, in so far as you are financially able. Be sure to protect your food from rodents, bugs and the possiblility of water damage. If the economy doesn't get as bad as the doom and gloom people say, then at least you can eat your stored food and there shouldn't be any waste of money.