The economy is getting worse and worse everyday , It needs to crash and reset. People need a major wake up call, and 90% drop would open their eyes, 2008 was not big enough. Get out of the market, get out of the banks and watch the show.
If a U.S. economic collapse occurs, it will happen quickly. No one would predict it. That’s because the signs of imminent failure are difficult to see.
With the stock market at record highs, central banks buying record amounts of stocks, and the mainstream media heavily pushing the endless rise in the market, do you think this is a time to buy? Or a time to take some profits and put your money into a more neglected asset?
When Would the U.S. Economy Collapse?
Any of the following six scenarios could create an economic collapse.
If the U.S. dollar rapidly loses value, it would create hyperinflation.
A bank run could force banks to close or even go out of business, cutting off lending and even cash withdrawals.
The internet could become paralyzed with a super-virus, preventing emails and online transactions.
Terrorist attacks or a massive oil embargo could halt interstate trucking. Grocery stores would soon run out of food.
Widespread violence erupts across the nation. That could range from inner-city riots, a civil war or a foreign military attack. It’s possible that a combination of these events could overwhelm the government’s ability to prevent or respond to a collapse.
Some believe the Federal Reserve, the president or an international conspiracy are driving the United States toward economic ruin. If that’s the case, the economy could collapse in as little as a week. That’s because it’s run on confidence that debts will be repaid, food and gas will be available when you need it and that you’ll get paid for this week’s work. If a large enough piece of that stops for even several days, it creates a chain reaction that leads to a rapid collapse.
The record of all economic ups and downs over the last century and a half shows the U.S. economy has experienced 33 recessions. This means recessions occur roughly once every five years.
Our present economic expansion has lasted far longer than five years. The Great Recession ended in June 2009, about nine years ago. Even though many indicators look amazing today, if history is any guide, we are due for another economic downturn.
In which case, it’s a good time for a primer on recessions and how to prepare for them.
What Will Happen If the U.S. Economy Collapses?
If the U.S. economy collapses, you would not have access to credit.
Banks would close. Demand would outstrip supply of food, gas and other necessities. If the collapse affected local governments and utilities, then water and electricity would no longer be available. As people panic, they would revert to survival and self-defense modes. The economy would return to a traditional economy, where those who grow food barter for other services.
A U.S. economic collapse would create global panic. Demand for the dollar and U.S. Treasurys would plummet. Interest rates would skyrocket. Investors would rush to other currencies, such as the yuan, euro or even gold. It would create not just inflation, but hyperinflation as the dollar became dirt cheap.
When Would the U.S. Economy Collapse?
Any of the following six scenarios could create an economic collapse.
If the U.S. dollar rapidly loses value, it would create hyperinflation.
A bank run could force banks to close or even go out of business, cutting off lending and even cash withdrawals.
The internet could become paralyzed with a super-virus, preventing emails and online transactions.
Terrorist attacks or a massive oil embargo could halt interstate trucking. Grocery stores would soon run out of food.
Widespread violence erupts across the nation. That could range from inner-city riots, a civil war or a foreign military attack. It’s possible that a combination of these events could overwhelm the government’s ability to prevent or respond to a collapse.
Some believe the Federal Reserve, the president or an international conspiracy are driving the United States toward economic ruin. If that’s the case, the economy could collapse in as little as a week. That’s because it’s run on confidence that debts will be repaid, food and gas will be available when you need it and that you’ll get paid for this week’s work. If a large enough piece of that stops for even several days, it creates a chain reaction that leads to a rapid collapse.
Will the U.S Economy Collapse?
The U.S. economy’s size makes it resilient. It is highly unlikely that even these events could create a collapse. The Federal Reserve’s contractionary monetary tools can tame hyperinflation. The Federal Deposit Insurance Corporation insures banks, so there is little chance of a banking collapse similar to the 1930s. Homeland Security can address a cyber threat. If not, the economy can always return to how it functioned before the internet.
The president can release Strategic Oil Reserves to offset an oil embargo. The U.S. military can respond to a terrorist attack, transportation stoppage or rioting/civil war. In other words, most federal government programs are designed to prevent just such an economic collapse.
How To Build a Small Bunker in Your Backyard with $400
Who’s to blame for the US government shut down? Donald Trump’s first year anniversary as US President will certainly go down in history. It was the day the government shut down after Congress failed to back a bill to fund federal agencies. Hundreds of thousands of government workers are affected. Some will stay home because their offices will be closed. Others will work without pay. Republicans and Democrats blame each other for not reaching a last minute deal. Talks broke down over issues related to immigrants and border security. So, what will happen next? And what does it mean for Trump’s administration? Presenter: Hashem Ahelbarra Guests: Oliver McGee, former Assistant Transportation Secretary under President Clinton. Inderjeet Parmar, chairman of the Obama Research Network at City, University of London. Richard Johnson, lecturer in US politics and international relations at Lancaster University.
How to Prepare for a Collapse
Protecting yourself from a U.S. economic collapse is difficult.
A catastrophic failure can happen without warning. In most crises, people survive through their knowledge, wits, and by helping each other. Make sure you understand basic economic concepts so you can see warning signs of instability. One of the first signs is a stock market crash. If it’s bad enough, a market crash can cause a recession.
Second, keep as many assets as liquid as possible so that you can withdraw them within a week. In addition to your regular job, make sure you have skills that you’d need in a traditional economy, such as farming, cooking or repair.
Make sure your passport is current in case you’d need to leave the country on short notice. Research target countries now and travel there on vacation, so you are familiar with your destination.
Keep yourself in top physical shape. Know basic survival skills, such as self-defense, foraging, hunting, and farming. Practice now with camping trips. If you can, move near a wildlife preserve in a temperate climate. That way, if a collapse occurs, you can live off the land in a relatively unpopulated area.
As for cash, it may not be useful in a total economic collapse because its value might be decimated. Stockpiles of gold bullion may not help because they would be difficult to transport if you needed to move quickly. In a severe collapse, they may not be accepted as currency. But it would be good to have a stash of $20 bills and gold coins, just in case. During many crisis situations, these are commonly accepted as bribes.
How Are You Preparing?
Have you noticed these eight signs of an approaching food crisis? Are there others you’d add to my list?
What basic steps are you taking to prepare? What advice would you give someone who is just starting to develop a preparedness mindset? Please share your tips in the comments section below so others can learn from you!
And click on the banner below to find out how our ancestors survived crisis and to learn their tricks!
Books can be your best pre-collapse investment.
Old Time Wisdom ( Timeless Bits of Wisdom on How to Grow Everything Organically, from the Good Old Days When Everyone Did you can prepare yourself for war by moving to the countryside and building a farm, but you must take guns with you, as the hordes of starving will be roaming. Also, even though the elite will have their safe havens and specialist shelters, they must be just as careful during the war as the ordinary civilians, because their shelters can still be compromised.”)
The Lost Ways (Learn the long forgotten secrets that helped our forefathers survive famines,wars,economic crisis and anything else life threw at them)
LOST WAYS 2 ( Word of the day: Prepare! And do it the old fashion way, like our fore-fathers did it and succeed long before us, because what lies ahead of us will require all the help we can get. Watch this video and learn the 3 skills that ensured our ancestors survival in hard times of famine and war.)