Over the past two days I’ve written about how to handle the beginning stages of an economic collapse. Some of the early signs are shortages of goods and a degradation in services, such as police, fire and EMS.
Other signs of an impending or ongoing economic collapse include too much debt, depreciation of currency including inflation or hyperinflation, a stock market collapse, defaulting on sovereign debt, sharply higher unemployment and poverty, an increase in corruption, and growing political repression leading to an autocracy or even a dictatorship.
I’ll leave it up to you to decide if we’re there, on our way there, or nowhere close. I believe we are heading there, but have not yet reached the precipice.
When there is an economic collapse, three things can happen: The country call pull itself out of the collapse, like the U.S. did after the Great depression; the collapse can linger in some ugly nether region where things are bad but people adapt to it, somewhat like life in Cuba; or the collapse can cause a failed state, meaning the collapse of its currency and its government.Continue reading “How to Survive in a Failed State”