Preparing For Economic Collapse
Learning from the past – a personal account
by FerFAL
Chris Martenson’s Peak Prosperity
[...] “How can I prepare for an economic collapse?” is one of the most common questions I get. It usually takes me a second to start to explain how complex such a question is. It’s like asking an auto mechanic, “Say, how do you build a car?” or asking a computer engineer, “What’s all that stuff inside my laptop?”
I do have some first-hand experience in this matter, though. The economy in my country, Argentina, has gone through various crises, but none as large as when the economy collapsed in 2001 after a decade of apparent prosperity. The currency devaluated, and Argentina defaulted on its USD$132 billion debt, the largest default ever. The middle class took to the streets after bank accounts were frozen, and the president was forced to resign, escaping the presidential building in a helicopter.
What I’ll do is, provide five quick foundational steps, based on what I know, for you to follow so as to be better prepared if something like what happened in my country ever happens in yours.
Continue Reading at PeakProsperity.com…
Source: http://financialsurvivalnetwork.com/2013/05/preparing-for-economic-collapse/?utm_source=rss&utm_medium=rss&utm_campaign=preparing-for-economic-collapse
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Whistler Blowers, Insiders
STOP with the economic collapse already !!! i have been listening to this since 2008
If you look at trends collapses happen every 5 years or so now days and this is the 5th year from 2008, EU is collapsing as we speak and so is the USA but the crises hasn’t fully reached the US yet but it will.
The Fed is creating at last $85 billion out of thin air every month. It’s only a matter of time before we have hyperinflation like Germany had in the 1920s. The only reason the dollar hasn’t died yet is that the dollar is the world’s reserve currency and because due to the imploding economy the velocity of money is slowing down.
The death of the dollar is a 100% certainty. Even now it’s in its pre-avalanche phase. It could collapse today, tomorrow, next week, next month, next year or 5 years from now. But it will happen and everyone needs to be prepared for it.
The only thing keeping us afloat is the FED printing. If they stop we will collapse if they keep printing we will collapse with a worthless dollar.. If you do not understand that you are in big trouble.