What you are watching unfold in Greece right now is eventually going to come to your own neighborhood. Someday, people living all around you will be storming the supermarkets in a desperate attempt to secure the food and supplies that they neglected to store up when they had the chance. Of course the Greeks never thought that it would happen to them either. Their civilization had endured for thousands of years, and they were a part of the most powerful economic alliance on the face of the planet. Most Greeks never imagined that they would be plunged into a multi-year economic depression that would ultimately lead to “bank holidays”, long lines at ATM machines, and people diving into dumpsters in a frantic search for something to sell. And this is just the beginning of the chaos in Greece – things are going to get much, much worse for them. Hopefully, this will serve as a wake up call for millions upon millions of clueless Americans out there, because we are on the exact same path that Greece has gone down. The sad truth is that no amount of “American exceptionalism” is going to prevent us from suffering the consequences of decades of very foolish decisions. We are steamrolling toward our own version of economic collapse, and when that time arrives you don’t want to be caught totally unprepared for it. (Read More...)
Unprepared: What Do You Think Would Happen If A Greek-Style Crisis Hit America?
In this article, I am going to share with you some statistics that prove that most Americans are completely and totally unprepared for a Greek-style economic crisis. According to one recent survey, an all-time high 72 percent of all Americans are concerned about an economic downturn, and yet the amount of actual preparation that is taking place for the next economic downturn is very low. As 2008 has faded into our memories, most Americans have been lulled into a false sense of security. Most people seem to be far more concerned about the latest exploits and scandals of their favorite celebrities than they are about the very real problems that this nation is steamrolling toward. Hopefully what is going on in Greece right now will serve as a wake up call, because the truth is that similar things could happen in the United States much sooner than most of us would dare to imagine. (Read More...)
If 3 Inches Of Snow Can Cause This Much Chaos In Atlanta, What Will Economic Collapse Look Like?
This week, three inches of snow “paralyzed” the ninth-largest city in the United States, and the highways of Atlanta “resembled a scene in a post-apocalyptic world” according to national news reports. Hundreds of cars were abandoned on the side of the road, people were spending the night in churches and grocery stores, and many walked for hours in a desperate attempt to get home or find needed provisions. So if three inches of snow can cause this much chaos in one of our major cities, what will a full-blown economic collapse look like? Most Americans have no idea how fragile our way of life is. In the event of a major natural disaster, a massive EMP blast or a complete economic meltdown, our lives would change very rapidly, and most people are totally unprepared for that. (Read More...)