How to prepare for an economic collapse in the USA?

Question

Don't tell me to buy a gun. Regardless my state is total anti-guns. So, other than that? What sort of environment should we expect? Will it really be that bad? I'm sort of naive and young.

Answer 1

I think the economic collapse only affect probably 20-40% of those lower or lower middle classes. US and Hong Kong are a bubbling economic systems, however; America is doing better than Hong Kong is proved by the No.1 self-made billionaires in this world. In contrary, Hong Kong fascist government has covered up all those dirt's and poverty of the society more smartly. Most young Americans are energetic and offensive and impulsive in general. I personal think that you should provide some positive thoughts of how to "Change America" as what Barack Obama won the election with majority voters approved. The America dream is for the Main St. peoples is not fulfill yet. However, the America military budget killed America again and again. However, you should study more about the America sins of Super Imperialism first.

http://search.yahoo.com/search?p=America%20Empire%20super%20imperialism,%20Micheal%20Hudson



http://search.yahoo.com/search?p=Why%20the%20global%20citizens,%20particularly%20Europe%20and%20Latin%20America%20exhibited%20the%20hatred%20and%20cynical%20to%20the%20America%20super%20power?

America sins of the initiated Global market systems which allowed the Wall. St financial elites (licensed international cheaters and crooks) to rip off this world by using their evil financial tactics, ambiguous financial statements with crafty accounting procedures that drives most European countries into a spending habit and investment dick heads that bad enough to lose most of their countries' reserve monies and in huge debts.

If America willing to do the followings it can avoid US collapse and global collapse in the future, probably earlier than the America.

1) Stop the wars and cut military budgets at least 40% off in the next few years

http://search.yahoo.com/search?p=Chart%20shows%20America%20budget%20is%20the%20biggest%20in%20this%20world

2) Collapse the global stock markets by making Dow Jones to be declined to under 4,000 and Hong Kong Hang Seng index must be declined to under 8,000.

You should learn a little bit about the trick of derivatives of how to bubbling up the economic size.

http://en.wikipedia.org/wiki/Stock_market

http://search.yahoo.com/search?p=Why%20the%20global%20financial%20systems%20destroyed%20the%20livelihood%20of%20the%20many%20in%20this%20world?

Your gun probably able to afford you to rob the bank or someone once for your immediate needs for money. However, you probably can end up in jail and never be allow to work again. You better think about to get a college degree first then will be able to get a good paying job even if America go collapse.

I am aged 87 and have been living in this most unhappy city to my life for the past 65 years. Hong Kong government must do the followings to save Hong Kong peoples and hopeful to bridge the too wide poor and rich gap.

1) Cut the overall overpaid civil servants salaries by 6-40%, depending how much each is overpaid in comparison to the global standards. Hong Kong lame duck chief executive, Donald Tsang Yum-kuen, a public cursed and accused and protested against for at least past 5 years, a liar, a catholic freak, a callous man has no compassion to the two millions out of the total seven millions are living under the poverty line. Donald Tsang is making HK $430k per month ($US 1 buys HK$7.7) in comparison to the newly elected France President, Francisco Hollande, making equivalent to HK $109 k per month. Both the newly elected presidents of Greece and France are voluntarily cut their reasonable salaries by 30% off.

http://search.yahoo.com/search?p=Why%20Hong%20Kong%20remains%20as%20the%20No.1%20worst%20poor%20and%20rich%20gap%20in%20this%20world?

2) Hong Kong police force must exert efforts to eliminate the 50 triad societies that is a threat to most ordinary citizens of Hong Kong. If Hong Kong police force remains the same corruption in the 60s, Hong Kong will go collapse, too. I was one of the victims in the 60s while operating a sea food restaurant in Tsim Sha Tui. The kept on interference and disturbance by the under world gangs demanded protection fees for five consecutive years. The police force ignored my complaint many times. It is only because the Hong Kong Police Force is the most corrupted in this world in the 60s. It is described in the fact telling movie of ICAC (I corrupt You All and it is supposed short for Independent Corp Against Corruption) that Hong Kong police force annual income of the total bribed money was more than Hong Kong annual GDP. As a fact finder, I know that 80% of Hong Kong small business operators are paying sort of protection fee ranging from HK $2k to as much as HK $ 2 millions for a bust night club. Hong Kong 60 triads (the latest internet information) are more dangerous than the Italian Black Hands. I think the secet monies are shared by the underworld gangs and police force (only part of the entire police force, unlike the exceeded 90% of the police force in the 60s).

Answer 2

If there is an economic collapse and you want to survive it, buy Gold. As Gold will preserve your existing wealth through the collapse.



Now if you think a collapse will lead to mass anarchy and collapse of society to the point that America will dissolve like the Roman Empire, then I would recommend getting a Gun. As there will be no government entity to preserve you and your family's safety. In a collapsed state, the have nots will be raiding the haves. Everything from Food to perceived wealth from homes, land, etc...



Now if you are good at organizing people, you might have better luck not using a gun, but mobilizing the people with guns to create a new society that is protected from the world.





In any case, if we have another 1930s era depression, I'd say US Treasuries is the way to go. A Deflationary event means that those with assets that pay dividends will reap the rewards. So loan your money to the Government so you can be repaid in a currency that is ever increasing in value.

Answer 3

Economic collapse in the USA will become an Urban Environment of survival. American's are not used to struggle nor do they feel they should have to. There is this attitude of privy and entitlement the younger generation has that will spark widespread chaos and havoc.

Preparation: I agree with the other writer, invest in gold but also silver because silver can be broken down into smaller increments for daily purchasing purposes. Hope this helps.



my2cents