For years now, we’ve been hearing a lot of mixed messages about the US economy. On the one hand, things have never been better. Productivity is through the roof according to the statistics. And when it comes to the lives of ordinary Americans, this is what matters – or so say the optimists.
But if you pay any attention to the financial news, you will have noticed something else. There is a hardcore of pundits not predicting future growth but wide scale collapse. At first, you might be tempted to write off the likes of Peter Schiff and Mike Maloney. After all, since when has there been a collapse in America, the richest country on Earth? But there’s no denying that both these men, and a handful of others, predicted what would happen in 2008. And there’s no denying that the mainstream pundits, who argued against a crash, didn’t. So what does that tell us?
It teaches us that disaster can strike when people least expect it. And it says that big institutions, like the Federal Reserve and the IMF, can get economics totally wrong.
Of course, this information isn’t meant to scare you. If anything, it’s designed to help you prepare for what could potentially be just around the corner. Right now bears like Schiff and Maloney are predicting another crash. They say that the first crash we had was only the beginning. The next crash will be the real crash – the one that affects everyone, not just the banks. And they say it’s inevitable because of the sheer amount of debt held by the US government and citizens.
But importantly, they say, this isn’t going to be like other recessions. In other recessions, you might lose your investments, perhaps your house. But the fallout is usually just financial. People don’t starve. But in the coming crash, there is a chance that you won’t get fed. The fear is that if the debt bubble bursts, nobody will want to buy US dollars. And if nobody wants to buy dollars, credit markets will seize up like they did in 2008.
So what? You might ask. Why does that matter? Well, the problem is that global supply chains are utterly dependent on credit. If there’s no credit, there’s no supply chain, and no food delivered to supermarkets.
So what should Americans do? The first thing they should do is start learning survival skills. There’s a whole movement out there called the survivalist movement. And it’s all about Americans helping other Americans prepare for the day of reckoning. Most survivalists meet on a survivalist forum to share their ideas. You can learn how to hunt for yourself, make your own clothes and grow food.
The second thing people should do is start stocking up on food now. Most Americans don’t have enough food to keep them going for three days, let alone a week.
Just doing these two things will put you in good stead to weather any upcoming economic storm. If the worst should happen, you’ll be prepared.
