Everyone understands that an economic collapse would be catastrophic.
But some people may not realize just how devastating the results would be.
Here’s how a financial crisis could turn out to be deadly.
Donald Trump has reinvigorated the American economy after Barack Obama’s failed interventionist policies led to the slowest post-recession recovery in U.S. history.
However, government spending still needs to be reined in, and a financial collapse is a real possibility.
If that were to happen, the repercussions would be felt far and wide.
Here’s a look at how a financial emergency could actually threaten lives.
Panic in the streets would be an inevitability if there were an economic collapse that suddenly plunged people into unemployment.
Riots are incredibly dangerous because the chaos becomes anonymized.
Making matters worse, the Democrats have been fanning the flames of class warfare for years.
Violence could bubble over and threaten innocent civilians.
Looting tends to go hand in hand with rioting.
Fighting over resources that suddenly become scarce would lead to confrontation.
And if you’re a store owner, your property and your life could be caught in the crosshairs.
If people get desperate or angry enough, violence becomes a more viable option.
An economic collapse might trigger some individuals to break into people’s homes.
Home invasions are responsible for a significant portion of aggravated assaults and related violent felonies.
- Infectious disease
One of the main factors of our relative health and expanding life expectancies is improvement in sanitation and hygiene.
However, an economic collapse could lead to the suspension of certain services, such as trash collection and police.
Due to exorbitant government spending, some cities have declared bankruptcy.
Even a brief delay in services could have severe consequences.
If resources like oil become scarce, that would lead to the rationing of energy sources.
Places like hospitals would be dangerous hot spots, because the infirm rely on constant power.
If backup generators get depleted, things could turn very bad, very quickly in a hospital.
Agricultural industries could be severely impacted.
That would disrupt the supply chain, and certain critical foods might be temporarily unavailable.
- Martial law
If the problem festers enough, the government could get involved and make everything worse for everybody.
This would be a clear sign in the breakdown of the rule of law, and if that happens, all bets are off.
Due to the government-fueled mortgage crisis of 2007-08, many people were displaced.
Also, many savings and retirement funds were bundled together with the toxic mortgage loans.
Without reliable shelter or savings, people are at higher risk for all kinds of problems, especially in times of social unrest.
All of these problems are why it’s prudent to prepare for an economic collapse.
The more you’re capable of living off the grid, the better.
Not being completely reliant upon regular services and financial institutions is a major achievement.
Also, it’s not a bad idea to shield yourself from volatile market forces and perhaps investigating a small percentage of your portfolio in precious metals.