Currency Devaluation: Prices skyrocket instantly on all products and services. Read something about Germany’s inflation after WW1, or look at Argentina or Venezuela. All Fiat currencies throughout history have eventually ended at zero. Ours will be no different.

Society as we know it will break down and collapse . While it can be accelerated by certain events like war, a natural disaster, pandemic, terrorist attack, or even an impending asteroid impact, history has shown that economic collapse will essentially happen .

To survive the collapse, it is important to read and interpret the signs and understand what assets are important to the current situation so you can be prepared for the worst thereby allowing you to survive intact and with as little damage as possible.

As we noted last week, one of the biggest problems for the Central Banks is actual physical cash.

The financial system is predominantly comprised of digital money. Actual physical Dollars bills and coins only amount to $1.36 trillion.

This is only a little over 10% of the $10 trillion sitting in bank accounts. And it’s a tiny fraction of the $20 trillion in stocks, $38 trillion in bonds and $58 trillion in credit instruments floating around the system.

 If a significant percentage of people ever actually moved their money into physical cash, it could very quickly become a systemic problem.

Indeed, this is precisely what caused the 2008 meltdown, when nearly 24% of the assets in Money Market funds were liquidated in the course of four weeks. The ensuing liquidity crush nearly imploded the system.

Because of this, Central Banks and the regulators have declared a War on Cash in an effort to stop people trying to get their money out of the system.

One policy they are considering is to put a carry tax on physical cash meaning that your Dollar bills would gradually depreciate once they were taken out of the bank. Another idea is to do away with actual physical cash completely.

Perhaps the most concerning is the fact that should a “systemically important” financial entity go bust, any deposits above $250,000 located therein could be converted to equity… at which point if the company’s shares, your wealth evaporates.

If the global economy collapses, you need to be prepared. Where can you hide?

What are the pros and cons of these locations?

Are they prone to natural disasters?

It is Going to Get Worse

The total collapse of the economy begins after a significant and prolonged decline.

The government implements price controls.The government begins to print currency to pay its bills and support the tens of millions on public assistance.

Inflation increases even more and unemployment exceeds 25%. Banks and businesses fail at ever increasing rates. Nobody seems to have any money. Labor unions instigate strikes, civil unrest, and large scale riots.

Government services are interrupted and unreliable. Local and national infrastructure is in decay. Violent gangs begin to appear and assert themselves.

The government begins confiscation of firearms from law abiding citizens.

Violence is everywhere. Cities and urban areas become very dangerous places to live.

Financial Meltdown: An economic collapse could lead to a domino effect bringing down the entire system.

When the SHTF, food will become a valuable commodity.

Nuclear Meltdown or ‘Exchange’: Be it via one or more nuclear plants (sabotage, cyber-attack, earthquake or tsunami damage), or via a nuclear weapons ‘exchange’ – the risks exist, and there are madmen in this world.

Regional Social Chaos: Rioting, Looting on a grand scale. It will be dangerous to go out during these times.

The trigger event could be nearly anything. We’ve seen it in the news, and it will happen again somewhere.

Terrorist Attack: An attack if bad enough will close down some or all public movements. It may also shock the markets into financial turmoil – creating price increases and supply or distribution problems.

Collapse of Government: It has happened throughout history. Overthrow. Default. Other reasons.

When the gov’t EBT cards stop working, it’s game-over.

EMP: An electro-magentic-pulse, either man-made (EMP nuke) or a natural event (massive solar flare and CME). It could destroy the electric power grid, anything electronic. We will be sent back to the stone age and most will not survive it.

War; World War: Prices go up as the uncertainties of war pressure the markets.

The price of oil puts price pressure on everything, including food, and it will probably skyrocket.

Power Outages: You never know when a power outage will happen. Usually power is restored within minutes or hours, but depending on the situation, it could take days, weeks, or even longer to restore power.

In times like these, those who are unprepared may be out in hordes stealing from local food stores. Make sure you’re prepared with enough food and water to feed the family without having to leave the safety of your own home.

RELATED : Emergency Food Storage For a Million, Billion Years!? – Basic Steps For Starting A Supply Of Food And Water Preps

GET RID OF DEBT

If you have debt during an economic collapse it can be even more detrimental. You want to make sure that you are prepared for anything that could come and that means you need to have no money owed to anyone.

If no one else has money those people are going to come back trying to collect from you and that can be disastrous when you already don’t have enough money for your own needs, your own family or anything else. You want to make sure you are never living in debt because you never know what could happen.

PREPPING FOR A LAWLESS SOCIETY

In order to be fully prepared for what is to come it’s important to think about what you will need. You’re going to need a lot of equipment and tools but a lot of basic things as well. The reason for this is when the entire world starts changing you never know what’s going to be hard to find.

You may not be able to get water, food or even basic hygiene products. So take some time to look over this list and make sure you’re ready for what’s to come.

“There are rising stresses in the global financial system; in particular the rising risk of a U.S. corporate default cycle and the risk of a sharp one-off renminbi devaluation due to the sharp increase in China’s capital outflows,” Deutsche Bank added.”Buying some gold as ‘insurance’ is warranted.”

The Grab for Power

The collapse can transition to this stage at any time . Most of the middle class have lost everything.

What used to be well manicured middle class neighborhoods are filled with the carcasses of empty houses damaged and destroyed by vandals.  The power grid becomes unreliable.

Rolling blackouts are a daily occurrence. Now the economy collapses. There is a rush for everything and the shelves go empty in a matter of hours. Society falls into chaos.

The control of urban areas shifts when violent gangs takeover control of the streets and urban neighborhoods. 

Everything is in short supply and heavily rationed. Food and gasoline is very expensive and there are very long lines to get them when they are available.

You will discover what it is to live in a third world country.

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The Lost Ways is a far-reaching book with chapters ranging from simple things like making tasty bark-bread-like people did when there was no food-to building a traditional backyard smokehouse… and many, many, many more!

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SOURCE : http://www.prepperfortress.com/economic-crisis-will-hit-banks-will-crashcurrency-wont-exist-can-hide-global-economy-collapses-locations-threats-preparation/