Most of you know that preparing for an economic collapse is one of my top priorities. The main reason an economic collapse is a big priority is because it could happen at any time, and it seems like no one even cares anymore that we are trillions in debt.

Politicians don’t care about the national debt, they care about getting reelected, and if you think they are going to be the ones who say “we need to make huge spending cuts” you’re kidding yourself. They would never get reelected because the people in this entitled society that we’ve become would have none of it.

First off, I have to say no economist by any stretch of the imagination. I understand that government economics and budgeting and home budgeting are completely different. With that being said, I am not so naive to think that this business as usual approach, and massive government overspending is just “how government works”, Regardless what they would like is to believe.

According to some experts, when factoring in unfunded liabilities like Social Security, Medicare, government pension plans and Obamacare, estimates put the real national debt somewhere around $200 trillion.

Let me got off my soap box here and just say, at some point, something has to give. How that looks, when it happens, and what the repercussions are no one knows. One thing is certain though, if we continue on this path, something is bound to give.

SPP243 Preparing for an Economic Collapse

This week in the show Lisa and I talked about what an economic collapse might looks like, how we can try to prepare for it, and what might cause an economic collapse. I’ve listed some of the things we talked about in the show below, but make sure and listen to get all the details.

What Else Could Cause a Collapse

When we think about the dollar collapsing sending the United states into the next great depression, we tend to think about government overspending. The reality is, there are many things that could cause an economic collapse.

Just think what an EMP would do to our economy. An EMP would take out the power grid, bringing everything to a halt. This means people would lose jobs, manufacturing would stop, and the economy would suffer severely.

War and global conflicts, and even terrorism could also lead to an economic collapse. While terrorism may not cause a complete collapse, it could affect the economy. With our economy being more global as time goes on, there are a number of factors that could trigger a collapse.

Different Types Of a Collapse

As preppers we tend to think “worse case scenario” about everything. But there are so many variables that go into the economy, it’s tough to say how severe it would be. It very well could be a complete collapse, but it also could be a slow decline, a depression, or something that happens quickly for a short period of time.

Even if it is a depression type even, or something short lived, it could have dire consequences for you on a personal level. If you lost your job for as little as a month, that could affect you and your family for a long time after you get a new job. This is why having food storage is so important, it gives you a buffer until you get everything back on track.

What to Expect From an Economic Collapse

As we said in a past podcast, people will become the X-Factor in a crisis. An economic collapse is just the type of scenario that would cause people to become dangerous. Again, there are many variables that we need to consider, such as what caused it,