Here’s What an American Economic Collapse Could Actually Look Like (And How It May Be a Lot Different Than Folks Expect)

Monday, January 14, 2019
By Paul Martin

by Daisy Luther
TheOrganicPrepper.com
January 14, 2019

When we think of “economic collapse” our imaginations usually lead us immediately to the desperation we’ve witnessed in places like Venezuela or Greece. We think of starvation, a complete lack of medical care, and waves of suicide by people who simply can’t survive. We imagine an apocalyptic societal breakdown that is immediately visible.

Here in America, I suspect the collapse is going to look a lot different than it has in these other countries…at least, at first. And in my description, it’s entirely likely you’ll see that many of these signs have been happening all around us for years.

It will be gradual.

The thing with collapses that we see in the media is that we are seeing the end results of events that have been slowly declining for years. Venezuela was one of the wealthiest countries in the world back until the mid-1980s, due to their rich oil reserves. Then oil prices collapsed and their fall began. It was actually several decades though before it was truly evident that the country was in trouble.

Preparedness bloggers here have been sounding the warning bell since 2008 (at least) when our economy went into a recession. While the US managed to dig its way out of that to at least an illusion of renewed prosperity, it’s questionable how much of that return was real and how much of it was propaganda.

It’s unlikely that we’ll see just one event that says clearly to everyone, “Hey, our economy has collapsed. The Great Depression 2.0 has arrived, today, January 14, 2019, due to X event.”

Instead, we’ll continue to see signs like a lack of full-time jobs with benefits, growing student and consumer debt, more people who can’t afford rent and food, and more stores closing their doors forever in an ongoing retail apocalypse.

Because of the ready availability of credit cards and loans, things don’t seem that bad. People are still shopping for frivolous things. They’re still spending billions on Christmas. They’re still eating out at restaurants.

But just because that “money” is being spent does not mean that people are okay financially.

It will seem like it’s just individual families having a hard time.

The way things are going down in America, it doesn’t seem like we’re facing a national crisis. Consumers are consuming. People are working – just look at those “jobs” numbers. Folks are still having barbecues with the neighbors, hosting extravagant holiday get-togethers, and avidly following the football season.

But the American dream isn’t actually that dreamy. Because beneath all the trappings of our pleasant lives, people are right on the verge of a crisis.

40% of Americans could not handle an unexpected expense of only $400 without having to sell something they own. 78% of Americans are living paycheck to paycheck. That means that only one missed paycheck will be a financial disaster for the majority of Americans.

And when that missed paycheck or unexpected expense comes, people will completely blame themselves. They’ll silently feel like failures and not realize that the entire system is crumbling all around them. They will believe it is only their family, due to their own bad decisions, that is suffering.

Sure, we could all make better choices from time to time. We could skip those vacations or spend less on the kids at Christmas or go on the beans-and-rice-and-apples diet. We could eschew credit cards, live beneath our means, and go full-Spartan with our lifestyles.

Sometimes the money problems are out of our hands.

The Rest…HERE

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