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What Will a Total Economic Collapse Look Like?
Out of all of the big, Hollywood SHTF disasters, economic collapse is the most likely to happen. In fact in America, not only is an economic collapse likely, but it is absolutely underway right now.
In today’s post we’re going to discuss what a true economic collapse actually means, some of the effects an economic collapse could have on our society, and what you can do to prepare yourself and your community to deal with all the potential fallout that a true total economic collapse could bring.
The collapse won’t happen overnight, it’s already started
In order to prepare for a real collapse of our monetary system first we need to define what a total economic collapse means. Many of the doom and gloom SHTF preppers will tell you that overnight, the government will somehow lose control of the entire economy and that in short order your paper money is going to be worthless, riots will break out all across the country and the government fat-cats that caused this mess will be bugging out to more economically stable countries, laughing all the way to the bank for the mess they left us in.
The fact is that a true, national or global-wide economic collapse is a process that takes a long time to boil over. Unfortunately that process, at least in the U.S. was started a long time ago. The easiest way to describe the process of widespread economic collapse is to put it into the perspective of a common household.
Some people simply don’t know how, or refuse to responsibly handle their finances. They take on too much financial responsibility, fail to prepare for the loss of income or unexpected expenses and rely far too heavily on debt and credit to survive. They continue to rob Peter to pay Paul, making minimum payments with their Visa card to pay Discover or MasterCard, simply compounding the issues that caused them to be in debt in the first place. They spend irresponsibly, buying things that aren’t necessary. In a nutshell, they refuse the live the type of life they can afford and simply put the difference on credit.
Governments work the same way. Governments want to be involved in every area of your life as humanly possible, just as much as the irresponsible household wants to go on expensive vacations and buy expensive cars. The one crucial flaw they can’t seem to wrap their head around is that governments can only be as effective as the budgets they run on. Just like a normal household, it takes money to run programs, fight wars, feed the “needy” and literally millions of other issues they’ve weaseled their way into.
A economic collapse will take place when the dollar dies. People won’t be able to buy food, gasoline, or electricity. Most Americans will starve or die in the violence that will follow. I expect 90% of the US population to die.