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What are you going to do if the economy collapses? Sort by:
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wwww12345
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Posted on Sat, Sep 15, 2012 15:36

I think the economy has a very high chance of collapsing. The debt is impossible to pay off, the jobs are just not there in most parts of the country, and there are too many people drawing government checks.

 

 

For the last few years I have been keenly observing how people survive in poor countries, countries that can't afford to give everyone a free meal, housing, medical, etc.  Countries where even water and food is a struggle to obtain.  From my observations, I can tell you one thing for sure, the people in the US have lost their survival skills, they would not be able to survive in poor countries. They wouldn't have a clue.  The people in third world countries have been learning to survive since they were born, they know, but it is still almost impossibly hard.

 

 

I have also observed what has happened and is happening to people in socialist countries, such as Greece, Spain, etc. It is not pretty and getting worse.  Then there are the Islamic radicals......Now those sweeties really are a danger to the world and its economy.

 

 

I see people on MM and everywhere else with their head in the sand.  They are dreaming about travel to Paris or around the world, they think eating in a 5 star restaurants and driving expensive cars is the utmost lifestyle.  I just wonder if they know that they and everyone they know could be wiped out by a economic collapse.  I also wonder if they have any backup plans at all.

 

 

Do you believe there is a high possibility of a economic collapse or hyper inflation (worthless money)? Do you have any backup plans? 

 

 

 

 

 

 

 

Open for discussion....



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wwww12345
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Posted on Sat, Oct 26, 2013 18:15

I think it is about time to revisit this question.  Are things better, or worse in your area..  Could you survive a crash?



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wwww12345
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Posted on Fri, Sep 28, 2012 21:15

Actually a consumption tax is the only tax that makes sense to me..A federal sales tax....

 



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wwww12345
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Posted on Thu, Sep 27, 2012 21:07

@easyman.

 

 

 

 

 

 

 

While I agree with most of your post I do take issue with the poor subsidizing the rich person's mortgages. First of all, the poor will not be paying any taxes at all, so just how could his taxes subsidize anything. Second, why don't we just extend your idea to rental property. After all, interest is not part of the cost of doing business, or is it?  

 

 

 

 

 

 

 

And finally, at a time when millions of people are struggling to hang on to their houses at all, why would you want to suppress the housing market even more? It is already cheaper to rent than buy (and maintain a house, pay property taxes, insurance, etc). Do you want to make the problem worse?  Someday you should calculate the tax difference between you renting out your house and you renting someone else's house to live in. For instance, lets say you had $15,000 in repairs on both houses, which house gets to deduct $15K?



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easymantolove
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Posted on Thu, Sep 27, 2012 07:46

No single individual can bring the economy to its knees nor cause its collapse.

 

No single individual can start a war.

 

There will always be a group of people who will prey on the weak and ignorant. Whether it be street thugs, gangs, mafia or the robber barrons of Wall St.  Where there is prey there will always be predators.

 

Anyone who has studied economics can tell you that economies need certain things to survive: Protection of property (including intellectual); Stable banking system; Uninterrupted food supply and a Uncorrupt government.

 

While our laws are generally pretty good at covering most of these areas, some of our laws are sorely lacking or non-existant in other areas.  I don't know that we need to restrict imports from china or competition in the financial industry but we do need laws that prevent consumers from being harmed and when you run your bank/insurance company into the toilette (bailout or not), have created a food (GMO or pink slime) or used toxic chemicals in your product you have harmed your consumers and there should be criminal penalties for your actions. Profits should not be allowed to come at any cost as directly or indirectly errodes the 4 requirements for a stable economy.

 

Our tax structure is extremely unfair as the poor subsidize the rich.  For example, why is my mortgage interest tax deductible? People who can't afford a house don't get that same benefit so they are, in essence, subsidizing my home ownership. Mortgage interest deductions do nothing to stimulate fair market competition.  A flat tax based on consumption is the better way to go.

 

A collapse of the economy, although devestating, could have benefits. However the actual repercussions on a global scale would be devestating and I believe those in power are working to avoid this. 

 

What would happen in the US?  I think most urbanites would be forced to return to the rural areas from whence they came... even generations later.  This sudden infux of family would place terrible burdens on family farms and most farms would no longer have sufficient food to export to cities.  I know I would take in and feed family long before I would send a single tomatoe to the city.  In cities you would see a return to urban and indoor farming... people would be forced to replace rose bushes with tomatoe plants and household cats would return to being mousers.

 

Just like in the great depression, those who survived would be either self sufficient (farmers, hunters, fishermen) or be essentially indespensible in their jobs.



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Gerardo_L
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Posted on Sun, Sep 23, 2012 02:55

Personnaly, I don't think the economy will completely 'collapse', but there is a possibility that some 'first world' countries will become 'second world' countries, and people there will have to learn how to live without some luxuries that we take for granted today.



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wwww12345
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Posted on Sat, Sep 22, 2012 22:54

Quoting Voyager54:

~12345~...I think a World War is imminent. Economic conditions around the world, some of the worst unrest in the Mid East i've ever seen. Lots of unhappy people...too many people.



I don't think we will have a World War, a nation to nation type of war.

However, class war; the poor against the people who have homes, cars, food, etc..  Yea, that's possible, in many nations, IMHO. 

 

In some countries, like the US, it may not be much of a battle, because guess who has most of the guns and ammo?  Yea, that's right.



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Dakota35
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Posted on Tue, Sep 18, 2012 22:15

Quoting vshore:

Myself? I am very self sufficient. I can fish, hunt, farm and whatever needs to be done. I live, thankfully, in a rural area and can take care of myself. If it came down to money is only good for burning in a barrel then I would be fine and able to survive in a barter trade system within my enviornment. I do no believe that the United states has lost all surviaval skills, depending on the area... but even then it is survival of the fittest, as it has always been.

In the unemployment side I honestly believe people are just lazy, expecially in the US. If you held a job for a year you get almost a year free off, vacation pay pretty much.

I believe our biggest problem is over population. In the US there should be a 1 child rule. Having kids are expensive and it is about quality, not quantity.

There isn't much we can do that I can think of but to alter the course of the future.



"I honestly believe people are just lazy, expecially in the US."  Exactly Correct!!!

 

"In the US there should be a 1 child rule."  How about number of children based on income and also holding people that have children responsible for the child's well being.  People shouldn't depend on the government, and if they do have to use government services they shouldn't be abused or looked at as a lifetime income.

 

No problem for country people to survive.  I've done it all from gardening to skinning, catfish and deer.  FYI, I don't like hunting...my hunting has been by accident (my poor Mercedes).  I hit the deer, jumped out of my car, put the deer in the trunk and drove home in my car (the car was a total loss).  The girl that was with me thought I was crazy but I got some good meat out of my bad luck. 

 



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wwww12345
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Posted on Tue, Sep 18, 2012 09:51

I feel that I need to add a little special post about terrorist.

 

 

 

After 9/11 airplanes were not flying at all for a week or so and then traffic was down for a long time.  The cost was billions, who knows what the cost to business was.

 

 

 

After 9/11 insurance on commercial buildings increases about 30 percent and hasn't come back down.  That is 30 percent on your local hospital, your local school, you name it.  The increased cost to businesses for the last 11 years is probably trillions. Homeland security costs are also a couple of trillion or so.

 

 

 

A dozen or so well financed, well trained terrorist in the US could almost bring this country to it's knees.  I will let you think about the validity of the war on terrorism now.



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wwww12345
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Posted on Mon, Sep 17, 2012 10:18

After much observing and a little bit of thought, I have concluded that very few people will be able to survive alone, or even with a family. There are simply too many lost skills, too much lost knowledge, to many physical demands. I think if you don't live in a community with a wide variety of skills and knowledge you probably will not survive if it gets really bad. 

 

I have observed that in poor countries basic tools are in short supply.  I am talking about shovels, hoes, hammers, saws, something to cut grass, cut trees, you name the tool.  I know of a family group that is cutting grass in the yard with a big knife, they have no other tools at all. None.  Imagine the hours required to do that.  Why do they want to keep the grass cut?  Snakes. They occasionally get in their house, three days ago as a matter of fact. They constantly live with mosquitoes.

 

Basic materials are also hard or impossible to come by: window screen, roofing, glass, doors, water barrels, nails, screws, etc. etc. etc. 

Just obtaining rice, nothing else, is a daily worry.  Needless to say they are severely lacking in proper nutrition, a balanced diet.

 

Yes, there are a few people, a few groups in the US that still know how to survive. There are also people moving to low populated areas like Montana, Idaho, desert areas, etc., who may be fooling themselves.  If you have a well with water 500 ft. down, you soon may run out of fuel to pump it to the surface.  What if your pump breaks?  If you can't bring water up in a bucket you just may be doing without.  I was in a rural town that got hit with a bad ice storm and the water plant was shut down for about 10 days.  If you can imagine, it wasn't fun.   If you are living in a cold area and right now you have electric or gas heating,  what will you do if you need to cook and heat with wood, and where will you get it? Are you up to cutting trees, hauling,  and splitting wood? Yes, there may be gas or electricity available, but what if you can't pay for it because your money is worthless. 

It was interesting that someone mentioned moving to Ecuador, Ecuador has no money of their own, they printed too much and it became worthless. Ecuador now use the US dollar as their money. What if the dollar becomes worthless for the same reason (printing)?

 

Well, you guys can worry about all this stuff.  I am retired and I will just read and relax.. until I run out of food and water...Then I may be opening a woman only nudist camp on my property- but only for those women that can bring food or survival skills. HEY, don't get huffy...this is my post... ok???

OH, btw, how are you equipped for tools, water, basic materials, food, fuel and supplies if a simple disaster happens and the government is not there to help like they usually are?   Do you think you can survive for a long time without government resources?.....or a job?



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wwww12345
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Posted on Mon, Sep 17, 2012 09:32

Sorry about the blog disappearing.  I decided to edit the post, add a few words and so MM put the blog in 24 hour delay mode.  I can still see the blog but I guess no one else can.



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Windrider735
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Posted on Mon, Sep 17, 2012 03:51

Curious...

 I agree...We country bumpkins have a much better chance of survival than many. About all I'd have to do is pick up a team of drafts and put the hand pump back on the well. Suppose I'd have to put a wood burning stove back in the house...there's plenty of downed trees in my woods to keep me warm the rest of my life. I can borrow horse drawn equipment from some of my friends and loan them my team in exchange. A little more labor but that's no big deal.

 

Why would veggies be a problem for you? You can dehydrate about everything but lettuce, and you could always set up a heated greenhouse for all year long fresh produce.

 

Check out the micro power that's available. I'm partial to the Capstone systems myself.Seth Dunn has several books out on the subject. Testing has been done all over the world by the largest companies in the USA (and elsewhere) for 40 years that I know of. They can power factories, homes, farms and even vehicles. The units I like are about the size of peach cans and a couple or three of them, in any vehicle, are said to give it enough power to 'scream the tires off'. They even have systems that work on magnetic ball bearings so the upkeep is practically nil.

 

What's so maddening is that the technology is here, but the government doesn't want us to know about it. The same with high mpg vehicles. I know of two plants in the states who produce cars that get in excess of 70 mpg, but they export them overseas and the government won't allow them to sell them here. Trying to import one back is next to impossible.



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Windrider735
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Posted on Sun, Sep 16, 2012 19:56

Hello wwww12345,
 
 You asked the question, "Do you believe there is a high possibility of a economic collapse or hyper inflation (worthless money)? Do you have any backup plans?"
I believe it's already happening, and if we can't get someone in the White House this next election who isn't hell-bent on taking America to her knees and making us into a Socialist country, I think that America, as we know it, will be history. People need to wake up and smell the betrayal of a government totally out of control. 

 
Do I think there's cause for concern? Yes. Our government has betrayed us. Don't you wonder what kind of a deal was made with China and what the payoff will be? 
Yes, I do have a backup plan.


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Curious2078
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Posted on Sun, Sep 16, 2012 18:14

Quoting wwww12345:

I think the economy has a very high chance of collapsing. The debt is impossible to pay off, the jobs are just not there in most parts of the country, and there are too many people drawing government money to live.

 

For the last few years I have been keenly observing how people survive in poor countries, countries that can't afford to give everyone a free meal, housing, medical, etc.  Countries where even water and food is a struggle to obtain.  From my observations, I can tell you one thing for sure, the people in the US have lost their survival skills, they would not be able to survive in poor countries. They wouldn't have a clue.  The people in third world countries have been learning to survive since they were born, they know.

 

I have also observed what has happened and is happening to people in socialist countries, such as Greece, Spain, etc. It is not pretty and getting worse.  Then there are the Islamic radicals...... 

 

I see people on MM and everywhere else with their head in the sand.  They are dreaming about travel to Paris or around the world, they think eating in a 5 star resturants and driving expensive cars is the utmost lifestyle.  I just wonder if they know that they and everyone they know could be wiped out by a economic collapse.  I also wonder if they have any backup plan at all.

 

Do you believe there is a high possibility of a economic collapse or hyper inflation (worthless money)? Do you have any backup plans? 

 

Open for discussion....

 

 

 

 


Of course you are right, Bernie.  As almost always you are.  Up here in the boonies, I'm pretty well prepared.  We know how to live off the land for sure.  Including collecting water should our wells no longer work because of electric failure.

 

 

 

Veggies could be a problem.  Hmmmm. 

 

 

 

Sadly, I'm afraid your warnings are going to fall on mostly deaf ears.  Nevermind.  You tried.  You did your best.

 

 

 

Those who haven't the good sense to heed the warnings....well, like Darwin said.  Survival of the fittest.  those who can't cope--won't.  The strongest will survive.  And the only ones we want left standing are the strongest.  Correct? Correct.



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BeWell
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Posted on Sun, Sep 16, 2012 15:09

wwww12345,

I agree with you. There is a huge possibility that our US economy could totally tank and I think it will probably cause all hell to break lose in thousands of ways. It will take 99% of the people by surprise. I imagine our society becoming like something from the movie, The Postman. Not being negative. Just can't help from seeing that it is a real possibility. It drives me crazy seeing people spending senseless dollars.

 

My father's favorite saying is "The fittest shall survive". I think we all should be as healthy and fit as possible and have disaster plans in place that include food and water supplies and protection.

 

I wish I could say I am prepared, but I'm far from where I'd like to be.... just in case it happens. I do work out at the gym 5 days a week and my feet are conditions for long-distance walking.   Recently signed up with my cousin for a class on edible plants in our region and they will cover medicinal plants as well. I have something on hand to purify water and a small supply of food that can be easily transported. I also have a small gold account, but that won't do me any good if I can't access it. Have a book with lots of survival tips and instructions, and I have skills from my days of being a Camp Fire Girl counselor. So I don't have much but more than the average person. Hope I don't need any of it.....BeWell

 

 



BeWell and wishing you only the best ! ..................;-D

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DONTFITMOLD
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Posted on Sun, Sep 16, 2012 14:51

head between the knees and kiss our asses good bye


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D ( @ )( @ )

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Dakota35
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Posted on Sun, Sep 16, 2012 07:08

Been warning people for years.  Bought gold at under $300.  Things are going to get bad and yes most people will not see it coming.  I'm a country boy so, I'll have no problem surviving. I have investments outside the dollar.  After the Feds last action, I'm probably going to move more away from the dollar.  The only thing keeping the dollar strong is the weakness of other currencies around the world. The Chinese have already called for the removal of the dollar as the worlds currency to be replaced with a basket of currency.  The Renminbi is kept at artificially low levels against the dollar so that America cannot compete with Chinese labor.  Ultimately I believe the Chinese government will allow their currency to float.  I also believe the Chinese government is secretly buying gold so that they can develop a semi gold standard for the Renminbi.  Once this is done they will once again call for the removal of the dollar as the world currency.  Every American should understand what this means.  In layman's term, you'll pay way more for many goods.  Currency wars are raging around the globe.  The weakness we see in other currency around the world is in direct relation to the Fed printing money.  I could go on, but there is no use...people will not hear.

 

 



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vshore
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Posted on Sun, Sep 16, 2012 04:46

Myself? I am very self sufficient. I can fish, hunt, farm and whatever needs to be done. I live, thankfully, in a rural area and can take care of myself. If it came down to money is only good for burning in a barrel then I would be fine and able to survive in a barter trade system within my enviornment. I do no believe that the United states has lost all surviaval skills, depending on the area... but even then it is survival of the fittest, as it has always been.

In the unemployment side I honestly believe people are just lazy, expecially in the US. If you held a job for a year you get almost a year free off, vacation pay pretty much.

I believe our biggest problem is over population. In the US there should be a 1 child rule. Having kids are expensive and it is about quality, not quantity.

There isn't much we can do that I can think of but to alter the course of the future.



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MissMonteCarlo
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Posted on Sun, Sep 16, 2012 03:20

Times are really tough for many people. Yet in the western world our troubles are nothing in comparison to those who suffer in poorer countries. I think these recent years have been a reality check for many people. Especially for those who have lived their life so far on credit. I do believe we should live wihin our means and only spend what we can offord.

The last couple of years have been hard for me as I couldn't get a full time teaching job and resorted to work part time in a nursery whilst doing a masters degree. I was on border line skint to negative for the last two years. On the positive side it has made me think about my spending. So it has been a valuable lesson.

I don't think the economy will collapse but what we will have to accept is that there is no miracle solution to this. Huge debts have to be paid. Our lesson in future is not to live beyond our means.

My contract with my teaching post is a possible year. So again can't really plan too much. Can't get a car so have to carry heavy bags to and from work. However, I do feel I deserve a holiday, so will allocate myself a certain amount for that.

I see so many graduates dismayed that they cannot get the high paid job they were expecting at the end of their degree. I was in the same chain of thought many years ago. The education system builds you up- go to university and you will be successful in life. So when I graduated the first time it was a slap in the face  after applying for hundreds of jobs and not even getting a reply from some.

People need to realise, yes university is important but so is experience and you will have to work your way to the top like everyone else. Your degree will possibly help for future promotions. I'd also advice choosing a degree that is linked to a profession of some sort and not just a general degree. Otherwise like me, you go back to uni to specialise in something. Costing you more money and time.

 

Sarah :-)



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wwww12345
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Posted on Sat, Sep 15, 2012 15:42



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