After the Collapse: Six Likely Events That Will Follow an Economic Crash

After the Collapse: Six Likely Events That Will Follow an Economic Crash



It’s not too difficult to understand that we are well on our way to a
paradigm shift in America; in fact we’re in the midst of it right now.
The writing is on the wall and can no longer be ignored.


The US government has run up trillions of dollars in debt, and given
the recent debates over the country’s debt ceiling, we can rest assured
that neither Congress or the President will act to curtail spending and
balance the budget. We will continue adding trillions of dollars to the national debt clock until such time that our creditors no longer lend us money.


From the monetary side, the Federal Reserve’s response to this
unprecedented crisis has been to simply “print” more money as is
necessary. On top of the trillions in dollars already printed thus far,
the Fed continues quantitative easing to the tune of about $80 billion
per month. It’s the only arrow left in the Fed’s quiver, because failing
to inject these billions into stock markets and banks will lead to an
almost instant collapse of the U.S. financial system. Unfortunately, the
current strategy is chock full of its own pitfalls, the least of which
being the real possibility of a hyperinflationary environment developing over coming months and years.


On Main Street, average Americans have seen their wealth decimated. They’ve lost millions of jobs
and homes over the course of the last five years. And if recent reports
are any indication, the destruction of the middle class will continue
unabated for years to come. The resulting effect is a vicious negative
feedback loop that continues to build upon itself. Americans no longer
have money (or credit) to spend to prop up the economy, thus more jobs
will be lost, leading to more people requiring government assistance for
everything from food to shelter.


We are, on every level, facing a collapse of unprecedented scale.


As noted by International Man Jeff Thomas of Casey Research, it’s not that difficult of an exercise to predict what’s coming next:

The number of people whose eyes have been opened seems to
be growing, and many of them are asking what the collapse will look
like as it unfolds. What will the symptoms be?


Well, the primary events are fairly predictable: they would
include major collapses in the bond and stock markets and possible
sudden deflation (primarily of assets), followed by dramatic inflation,
if not hyperinflation (primarily of commodities), followed by a crash of
several major currencies, particularly the euro and the US dollar.

We know a collapse is coming… If you’re paying attention you probably
have the distinct feeling that we are in the middle of it right now.
And guess what? The government and military know it’s coming too, as
evidenced by large-scale simulations of exactly such an event and its fallout.


But the collapse of our financial system, or hyperinflation of our
currency, or a meltdown in US Treasuries is only the beginning. We know
some or all of these events are all but a foregone conclusion.


What we don’t know is the timing of the trigger event that causes the
global panic to ensue and what will happen after these primary events
take hold.


According to Jeff Thomas, while we can’t know for sure, the following
“secondary events” are the most likely outcomes when the system as we
have come to know it destabilizes.

The secondary events will be less certain, but likely: increased unemployment, currency controls, protective tariffs, severe depression, etc.


But, along the way, there will be numerous surprises—actions taken by
governments that may be as unprecedented as they would be unlawful.
Why? Because, again, such actions are the norm when a government finds
itself losing its grip over the people it perceives as its minions. Here
are a few:

• Travel Restrictions. This will begin with
  restrictions on foreign travel, including suspension/removal of
  passports. (This has begun in a small way in both the EU and US.) Later,
  travel restrictions will be extended within the boundaries of countries
  (highway checkpoints, etc.)

• Confiscation of wealth. The EU has instituted the
  confiscation of bank accounts, which can be expected to become an
  international form of governmental theft. This does not automatically
  mean that other assets, such as precious metals and real estate will
  also be confiscated, but it does mean that the barrier for confiscation has been eliminated. There is therefore no reason to assume that any asset is safe from any government that approves theft through bail-ins.

• Food Shortages. The food industry operates on very
  small profit margins and survives only as a result of quick payment of
  invoices. With dramatic inflation, marginal businesses (suppliers,
  wholesalers, and retailers) will fall by the wayside. The percentage of
  failing businesses will be dependent upon the duration and severity of
  the inflationary trend.

• Squatters Rebellions. A dramatic increase in the
  number of home and business foreclosures will result in homelessness for
  anyone whose debt exceeds his ability to pay—even those who presently
  appear to be well-off. As numbers rise significantly, a
  new homeless class will be created amongst the former middle class. As
  they become more numerous, large scale ownership of property may give
  way to large scale “possession” of property.

• Riots. These will likely happen spontaneously due to the above conditions, but if not, governments will create them to justify their desire for greater control of the masses.

• Martial Law. The US has already prepared for this,
  with the passing of the 2012 National Defense Authorization Act (NDAA),
  which many interpret as declaring the US to be a “battlefield.” The NDAA
  allows the suspension of habeas corpus, indefinite detention, and the
  assumption that any resident may be considered an enemy combatant.
  Similar legislation may be expected in other countries that perceive
  martial law as a solution to civil unrest.

The above list is purposely brief—a sampling of eventualities that,
should they occur, will almost definitely come unannounced. As the
decline unfolds, they will surely happen with greater frequency.


Full article at Casey Research via The Daily Crux

We could go point by point on this list and provide a plethora of
evidence to validate Jeff’s claims, but that would take pages upon pages
of references.


The fact is that the US government, for the last decade, has been moving increasingly closer to what can only be described as a police state. With watch lists, militarized police departments, legislative actions, and executive orders the government has already set the stage for these secondary events.


When the system itself is no longer able to support the tens of
millions of Americans receiving monthly government assistance, one
hiccup could set the whole thing ablaze.


While it can’t be avoided on a national scale, there are advance
preparations that individuals and their families can make to, at the
very least, insulate themselves from the secondary event triggers. This
includes storing essential physical goods and keeping them in your
possession. Things like long-term food supplies, barterable goods, monetary goods, self defense armaments and having a well thought out preparedness plan will, if nothing else, provide you with the means necessary to stay out of the way it all hits the fan.