No Banks, No Public Facilities, No Food And Rampaging Gangs of Desperate People—The Last Days Before The Financial Collapse
SurvivalDan101.com
4/19/2018
A few days before the Financial Collapse
Here is a hypothetical scenario. “Government agencies are having difficulty making their payments. State governments are issuing vouchers to pay their bills. US Social Security is late in issuing its payments to retirees and the disabled. Many banks are issuing warnings about liquidity. The prices of food are escalating by the hour. Instead of talking about the latest inane reality TV show, everyone is talking about inflation, money, mass layoffs, etc. It is 5 days before the economic collapse.” So, what do you do?
Our current recession/depression is slow creeping at this point towards a bad outcome. Although I believe US and Canada are still 3 to 5 years away from an economic collapse, I woefully believe that the collapse is coming. Euro will collapse first. Greece, Venezuela, and Spain have already collapsed. Italy and Portugal are soon to collapse next. Having this insight, I have been preparing vigorously for the past 2 years.
During these past 2 years, I have often thought about what the last 5 days would look like before a collapse. Because governments will do everything and anything to delay the onset of an economic collapse, as they should, I believe the problem will build to a dramatic point, where the economy will fall off a ledge very quickly. With the US Federal Government running $1 trillion dollar deficits for the past 3 years, how long can that continue? At some point in time, no foreign government or domestic entity will want to buy US Federal debt. Then the only option is for the US Federal Reserve to generate artificial money, not backed by tax revenues nor by any tangible assets, in order for the Fed to buy US Federal debt. At some point in time, the continual injection of fiat currencies will trigger a hyperinflation period. At that point in time, the spiral towards economic collapse will accelerate.
What Will Happen If the US Economy Collapses?
If the U.S. economy collapses, you will not have access to credit.
Banks will close. That means demand will outstrip supply of food, gas and other necessities. If the collapse affects local governments and utilities, then water and electricity will no longer be available. As people panic, self-defense becomes more important. The economy reverts 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.
How to Prepare for a Collapse
It’s difficult to completely protect yourself from a U.S. economic collapse because it can happen without warning.
In most catastrophes, 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.
Second, keep as many assets as liquid as possible, so 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. To be completely prepared, research target countries now and travel there on vacation so you are familiar with your destination.
The Rest…HERE
