When Will The Economy Collapse-Americans Are Feeling As More People Turn To Food Banks
Greek parliament approves new austerity deal. Euro zone growth implodes France leads the way.Europeans, China and Russia are stockpiling gold to protect themselves from the collapse of the system. Business sentiment falls. Auto industry at the highest level of inventory signalling a collapse of the auto bubble. US revises industrial production to give the illusion the recovery is strong. Americans are feeling the economic collapse as more people turn to food banks.US containerized exports are continually falling.
Sometimes I think that I sound like a broken record. I am constantly using phrases such as “get prepared while you still can” and “time is running out”. In fact, I use them so often that people are starting to criticize me for it. A lot of it has to do with the fact that we have such short memories and such short attention spans in America today. Thanks to years of television and endless hours on the Internet, I find myself having a really hard time focusing on anything for more than just a few moments. And we are accustomed to living in an “instant society” where we don’t have to wait for anything. In such a society, we are used to “news cycles” that only last for 24 hours and very few people take a “long-term view” of anything. Unfortunately, that is not the truth. As I have written about previously, the long-term trends that are destroying our economy have continued to get worse since 2008, and none of the problems that caused the last financial crisis have been fixed. #4 Some people are actually trying really hard to get ahead, but admittedly that is really tough to do when we are all being taxed into oblivion. In fact, it was reported this week that Americans now spend more on taxes than they spend on food, clothing and housing combined. In this day and age, it is imperative that we all learn how to think for ourselves. The foundations of our society are crumbling, our economic system is failing and the blind are leading the blind. If we do not learn to make our own decisions, we are just going to follow the rest of the herd into oblivion.
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Taken together, these facts spell doom for the U.S. dollar. Short of attempting – highly unrealistically – to increase its manufactured output by nearly 50 percent and to sell the increased output abroad, America can’t dig itself out of the hole — at least not if it sticks with free trade. The ultimate outcome will surely be a total collapse of the dollar. And in that event, as the former top Reagan administration economic policymaker Paul Craig Roberts has pointed out, shoppers in Walmart will feel they are in Neiman Marcus.
The world’s kingpin currency for more than half a century, the dollar has survived in recent years thanks only to the “charity” of strangers: export-minded East Asian governments, principally those of Japan and China, have bought ever larger amounts of U.S. Treasury bonds to keep their own currencies low. For the East Asians, the attraction is that they can continue for a few more years to hollow out the American manufacturing base. financial system almost collapsed back in 2008? Millions of Americans suddenly lost their jobs, and because many of them were living paycheck to paycheck, many of them also got behind on their mortgages and lost their homes. You don’t want to lose everything that you have worked for during this next major economic downturn. It is imperative that you have an emergency fund. It should be enough to cover all of your expenses for at least six months, but I would encourage you to have an emergency fund that is even larger than that. In the long-term, the U.S. dollar is going to lose a tremendous amount of value and inflation is going to absolutely skyrocket. That is one reason why so many people are investing very heavily in gold, silver and other precious metals. All over the globe, the central banks of the world are recklessly printing money. Everyone knows that this is going to end very badly. In fact, there is already a push in more than a dozen U.S. states to allow gold and silver coins to be used as legal tender. Someday you will be glad that you invested in gold and silver now while their prices were still low. This is a skill that most Americans possessed in the past, but that most Americans today have forgotten. Growing your own food is a way to become more independent of the system, and it is a way to get prepared for what is ahead.
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The Evidence Is Clear The Collapse Is Upon Us
When Will The Economy Collapse?
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So, what can you do?
What can you make?
Your focus has to be on long-term sustainability, frugality, and self-reliance. A stockpile is sensible and an important course of action. It should definitely be part of your preparedness plan.
However, you need to also be ready for the time when the supplies in your well-stocked pantry are no longer available.
“If you want to know the best way to prepare for the economic collapse that is coming our way, then you need look no further than your pantry. History shows that when there is a currency crisis or a total economic collapse, then the price of food skyrockets.
While we are likely to experience food shortages and food riots with the economic collapse, by no means does that mean that the food in our country will suddenly disappear. There will still be plenty of food for everyone, but it will be scarce due to panic buying, hyperinflation and supply chain issues.
The fact is that the grocery stores rely on daily deliveries to keep the shelves stocked, and if there is a panic, the shelves can empty out in a matter of hours. The distribution centers can then resupply the stores, but every major city has only a three-day supply of food.”(source)
Other useful resources:
Survival MD (Best Post Collapse First Aid Survival Guide Ever)
Backyard Innovator (A Self Sustaining Source Of Fresh Meat,Vegetables And Clean Drinking Water)
Blackout USA (EMP survival and preparedness)
Conquering the coming collapse (Financial advice and preparedness )
Liberty Generator (Build and make your own energy source)
Backyard Liberty (Easy and cheap DIY Aquaponic system to grow your organic and living food bank)
Bullet Proof Home (A Prepper’s Guide in Safeguarding a Home )
Family Self Defense (Best Self Defense Strategies For You And Your Family)
Sold Out After Crisis (Best 37 Items To Hoard For A Long Term Crisis)
Survive The End Days (Biggest Cover Up Of Our President)
Drought USA(Discover The Amazing Device That Turns Air Into Water)