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 that I am 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.
Not preparing for a potential economic collapse could be catastrophic. Everything we’ve worked for and saved over our lifetimes could be gone in a flash.
Preparing for an economic collapse should be one of our highest priorities because it encompasses every area of preparedness. As you prepare for a economic collapse, you are inevitably preparing for other disaster scenarios.
Most disasters would be short lived, and you would know fairly quickly whether or not you were going to get through it. A collapse could be something that requires a longer term preparedness plan. How much you prepare depends on your situation, but this could last anywhere from a few months to a few years.
The most important thing is to stay vigilant and pay attention. Watch what is going on in Venezuela right now, and pay attention to how the government is reacting, how the people are reacting, and what the major issues are.
Take a few minutes and watch this video. It’s hard to argue with the facts. We cannot say we’ve not been warned!