[That Prepper Guy]

We're always told that the economy is going to fall.

Oh no! The economy is going down in flames. In fact, I couldn't count how many times I have heard about the world economy collapsing. However, what happens afterwards. We're never told that at all.

Well, I am currently doing my research on what the economy will look like after the dollar collapse (and I still am). One question I am concerned with would you want your own questions about the economy (supported with facts, evidence, and reason) answered. If so, how much is worth to you?

 

[RedbeardTheZombieHunter]

I'm not too sure what it'll look like up close, but I bet those fires will sure look pretty from the mountains! lol I can only hope to have a chance to see the carnage from the safety of the mountains rather than be down in the city waiting for someone to try and kill me for a little food or my ride. I know a few places in the Angeles National Forrest where I can set up an easily defensable camp and live fairly comfortably with my family for as long as I need to. If things look to be FUBAR for a REALY long time, I'll probably head for the Tennessee Smokies, find a meadow near a stream and maybe build that log cabin I've always dreamed of. I'd love to live in a place that looks like a Bob Ross painting!

 

[Old Man]

The plan is onces the dollar collapse we will be forces along with other countries on a new world currency. The powers to be have been planning this for years. That will also be when the constution is finely done away with, and a new world order. To me this is not that far off.

 

[Piratesailor]

mm.. dollar collapse. Been there, done that; you're living it now. Have you seen the value of the dollar over the past 30 years? It already is depressed.

What you should be focusing on is run away inflation. Yes, some call it "dollar collapse" but it's not. It's inflation and it's what will happen in the future. As to the results, if you were an adult in the 70's and early 80's then you know a little bit about inflation and it's wonderful effects. Magnify that by 10.

I don't really care about the answers. Ask 10 economists and get 10 different answers all supported by fact.

Can you reword your question? What are you truly asking?

Oh and the word is Chaos.

 

[Ripon]

Look at a variety of cases,

1) Argentina 1999-2001. I believe in this case the middle class got wiped out pretty hard. The rich stayed rich, the government expanded its power, and the poor work their back sides off to eat and have shelter. One could argue their quality of life was much lower than our own so they weathered it better than we might.

2) England 1970ish I don't know the year the "Pound" was displaced at the world's reserve currency. I'm sure our friends in England thought the world might end, but it didn't.

3) Germany 1935-40 I will never forget the introduction to a book on economic collapse that described the "butcher" who worked near Berlin. He owned his own shop, and worked it hard for 20 years. When he was married and had a baby during the 2nd year they agreed to save a few pennies (our term) each day for their son's college so he could go further. They saved dilligently every day for 18 years for the boy. On his 18th birthday they withdrew the savings and took him out to diner with it the night before his enlistment in the military. That's all 18 years of savings was worth. Only relevance is - Germany today - 75-80 years later. Do you think China or Russia are going to help rebuild America like America rebuilt Germany and Japan? Doubtful.

 

[Seneca]

An economic collapse is one of several possibilities. It's not the SHTF possibility that I watch the closest. Yet it is a possibility, A collapse of the dollar would simply mean it's replaced as the standard of global exchange and becomes a local currency. Which may not be all that bad...depends.

On the other hand mother nature is always tinkering with our demise and one of these times she's going to throw a bug at us we can't cure or contain and we'll be hit with a pandemic. Which will likely cause an economic collapse...I have difficulty seeing economic collapse as being a precursor rather I see it as an after effect or secondary effect. Something else happens and along with that something else the economy collapses.

 

[Ripon]

There hasn't been a real pandemic of sorts for nearly a 100 years has there? I think this is why the government funded the Center for Disease Control, and the World Health Organization to help mankind in this realm. Who knows if there is an outbreak if they can warn enough people fast enough or not. With economic collapse I doubt it will be fast - it could - say with a terrorist event or something but in most cases an economic collapse would take weeks, months even a year to play out before we'd be talking "post" collapse and they'd call that a "recovery" I'm sure. With a pandemic and a serious loss of population - that would be something our markets have not struggled through and I think it would be severe in a big way. What do you do if the world suddenly needs 1/3rd of the resources it needed a year ago - oh my.

An economic collapse is one of several possibilities. It's not the SHTF possibility that I watch the closest. Yet it is a possibility, A collapse of the dollar would simply mean it's replaced as the standard of global exchange and becomes a local currency. Which may not be all that bad...depends.

On the other hand mother nature is always tinkering with our demise and one of these times she's going to throw a bug at us we can't cure or contain and we'll be hit with a pandemic. Which will likely cause an economic collapse...I have difficulty seeing economic collapse as being a precursor rather I see it as an after effect or secondary effect. Something else happens and along with that something else the economy collapses.

 

[Seneca]

Ripon what I getting at is that I don't necessarily view an economic collapse as a stand alone event...my use of pandemic was simply a handy example, it could be anything or a combination of things. Some of which could actually present a greater danger to ones health and safety than the economy collapsing.

An economic collapse may be akin to getting a sunburn while waiting to be rescued from the roof of a burning building...

 

[Rigged for Quiet]

In my opinion the worst case scenario is the continueing weakening of the dollar coupled with hyper inflation. We have been through a long period of "Quantative Easing" which basically amounts to the Fed printing money and using it to buy back our debt. The math on this is simple in that if you continously print dollars the value of each dollar will diminish.

When the value of the dollar reaches a certain point, the cost of items we need for every day existance will start to climb. Imagine $10 or $20 for a loaf of bread or $30 for a gallon of gasoline. Eventually the cost of running the government exceeds what we can borrow and the entitlement programs run out. This is when the "Austerity" strategies kick in. Couple that with widespread unemployment due to companies having to close their doors and we have a problem.

Think back to the riots in southern Europe when government spending was slashed amidst mass unemployment and rising costs of living. Yes bailouts helped ease the tensions, but what if there is no one left to bail us out. More importantly, who could realistically bail out a nation of over 300 mil people?

We are a society of consumers with a majority who live paycheck to paycheck or govt program check to govt program check. We have migrated to mass population centers with a populus who are dependant on services and a supply chain to sustain ourselves. We are not the hearty souls of our grandparents and great grandparents who weathered the Depression.

 

[Lucky Jim]

......We have migrated to mass population centers with a populus who are dependant on services and a supply chain to sustain ourselves....

Yeah, the dreaded 'Empty Shelves scenario' ranks up there among all the other major SHTF apocalypses because a grumbling belly is something that will send the masses ballistic-

 

[Rigged for Quiet]

Not just the empty shelf and a grumbling belly, but an empty belly and food on the shelf with no/not enough money to get it. I consider this to be "Last Call" if you so happen to (still) be in a high risk environment.

 

[Jim]

Interesting thread....I'm sure this book has been mentioned somewhere on this forum but I thought I would share it again. My household can only sustain so much debt until I go bankrupt...I dont get to print more money. The government can only sustain so much debt until it circles the drain, the difference is that they can print more to stay afloat a little longer. I'm not sure when the financial life preserver finally disintegrates but when it does you better have you big girl panties on.

Anyways....check out this book for some interesting observations Patriots: Surviving the Coming Collapse

 

[www.BigBugOutTrucks.com]

Anarchy or chaos will always be replaced by some form of a governing body. Lets just hope we are all able to band together using historical lessons to form a good governing system !

 

[Piratesailor]

In my opinion the worst case scenario is the continueing weakening of the dollar coupled with hyper inflation. We have been through a long period of "Quantative Easing" which basically amounts to the Fed printing money and using it to buy back our debt. The math on this is simple in that if you continously print dollars the value of each dollar will diminish.

When the value of the dollar reaches a certain point, the cost of items we need for every day existance will start to climb. Imagine $10 or $20 for a loaf of bread or $30 for a gallon of gasoline. Eventually the cost of running the government exceeds what we can borrow and the entitlement programs run out. This is when the "Austerity" strategies kick in. Couple that with widespread unemployment due to companies having to close their doors and we have a problem.

Think back to the riots in southern Europe when government spending was slashed amidst mass unemployment and rising costs of living. Yes bailouts helped ease the tensions, but what if there is no one left to bail us out. More importantly, who could realistically bail out a nation of over 300 mil people?

We are a society of consumers with a majority who live paycheck to paycheck or govt program check to govt program check. We have migrated to mass population centers with a populus who are dependant on services and a supply chain to sustain ourselves. We are not the hearty souls of our grandparents and great grandparents who weathered the Depression.

You hit the nail on the head.

Bt, seneca, having the dollar as a "local" currency will exacerbate this.

 

[Seneca]

Rigged for quiet,
True there are a number of people who do live from pay check to pay check and there are those who thank a government program for feeding them. That number rises and falls, but those people have always been there.

I simply don't see an economic collapse as a stand alone event. Rather I see an economic collapse as something usually happens along with or because of another event. To see an economy simply collapses on it's own accord would be something, more than likely there will be external factors, and it's those external factors or precursors that may be worse than the actual collapse.

As preppers surviving (just) an economic collapse should be fairly straight forward. The shelves at the market maybe bare yet the ones in your pantry shouldn't be.

 

[Nathan Jefferson]

An economic collapse may be akin to getting a sunburn while waiting to be rescued from the roof of a burning building...

I always say it will take more than one thing to knock us down, and I love that analogy!

 

[Seneca]

Piratesailor
Yes there maybe some exacerbating going on as well as gnashing of teeth and wailing. Yet it is possible there may also be a silver lining to it as well. Like we may actually get a stable economic system out of the wreckage.

This hodgepodge patched together economy we have now certainly isn't fair to the average American and is brutal to the working poor they truly are trapped. We may not come out of an economic crash being the consumer society that we are now. Yet one door closes and another opens. If it does crash, and it probably will... hopefully we will be a lot wiser on the backside.

 

[exmilitary]

Only time will tell.

I think the problem with world society this day is we live and depend on credit. Banks and credit card companys lend money to people and charge ridiculous amount of intrest to the point where people cannot afford to live. The card companies keep increasing limits to the point where people cannot not afford to pay the bills.
Whoes fault is it? I say part our fault for allowing banks and card companies to increase limits. More important it's the governments fault for not putting a cap on limits.

Don't think the governments don't play a part in this, Think again!

The world runs on credit.

My advise for everyone here is if you can get yourself out of debt and take back your hard earned money. :wink:

 

[roy]

I don't have any debt.

 

[exmilitary]

I don't have any debt.

Very nice, same here.:wink: