“They Can Keep Bailing Things Out for Several More Years Without Fear of Collapse” – J Skousen
This week, I’m going to diverge from my normal preparedness tips and switch to my geopolitical expertise as the editor of the World Affairs Brief (www.worldaffairsbrief.com) . I feel the need to address the root controversy about what we are preparing for. I field more questions from subscribers and preppers each week on the subject of economic collapse than any other topic, and despite the failure of all these collapse predictions since 2010, they are back again in 2015.
And, it’s no wonder. There is an unending flow of predictions of complete and imminent collapse coming from both the uninformed and some very bright financial newsletter writers on the conservative/libertarian side such as Jim Rickards, Peter Schiff, Michael Snyder, R.G. Allen, Robert Kiyosaki, John Williams (shadowstats.com), Mike Maloney, and Mike Dillard (who’s been pushing the collapse of the EURO for years now and still won’t stop despite the failure of his predictions).
I’m not going to tell you that things are fine. They are not. The financial collapse writers are well informed about the problems of excessive debt, fiat money, and deficit spending that politically cannot be stopped nor solved now that the benefit corrupted voters can out-vote those of us who want government to stop these suicidal redistribution schemes.
But they have not thought out clearly the specifics of how and why it’s so difficult for an actual collapse to occur. Historically, no nation has ever collapsed financially outside of the destruction of war—none (even the so-called “collapse of the Soviet Union” was a carefully crafted deception, as outlined in this piece). Only when people are thrust into the most abject circumstances of survival, such as in WWII in Europe with the combination of allied bombing and the Russian invasion does an economy cease to function and turn into a mob of pillaging people.
Let me cover the various collapse scenarios that are being hyped constantly and why they aren’t necessarily imminent: