Tag Archives: economic collapse

But the Economy is Fine?

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The Five Stages Of Denial When Skeptics Are Faced With Economic Collapse

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JUNE 11, 2024

By Brandon Smith

In light of the recent resurgence of inflation on top of increasingly rigged employments stats, declining manufacturing and stagnant wages I think it’s important to revisit a fundamental question: What does an economic collapse look like?

As I have said for years an economic collapse is NOT an event, it’s a process. When people think of a historic crisis they usually imagine something like the stock market crash of 1929 at the beginning of the Great Depression. However, there were numerous indicators and warning signs leading up to that crash that should have tipped people off. There were even a handful of economists that voiced concerns about impending instability, yet they were ignored.

Then, after the crash occurred numerous establishment economists denied that the system was in any real danger. They continually claimed that recovery was “right around the corner”, but the recovery never materialized. Instead, the crash spiraled onward for over a decade until world war erupted, largely because the Federal Reserve raised interest rates into economic weakness (a disaster they have openly admitted to causing and a policy they are instituting right now).

The point is, the mainstream “experts” are almost always wrong. The skeptics of collapse either ignore the evidence or they don’t comprehend the implications of events. They don’t want to believe that the economy is broken and that consequences are possible. They operate from the limited view of their own personal experience. For most of their lives the system has functioned without catastrophe so that must mean catastrophe is impossible. In truth, catastrophe has merely been deferred to a later date, not prevented.

Our present day predicament has not reached Great Depression levels yet. We are currently in a stagflationary phase similar to what happened in the 1970s. For those that think we have it bad now, the 70s were actually far worse.

House prices nearly TRIPLED from 1970 to 1980 (the median house price was $17,000 in 1970 compared to almost $50,000 in 1980). Annual inflation on most goods and services was in the double digits and the minimum wage was only $1.45 an hour. Unemployment was high and interest rates were eventually hiked to around 20% by 1981.

The point is that these breakdowns in financial structures happen slowly, and then all at once. Much like the build up of an avalanche. For those that know history the signs are easy to see. For those that don’t, they’ll assume that all is well even when the house is burning down around them.

Another factor that makes people oblivious to the danger is the moving of goalposts; they get used to poor economic conditions and the decline is entrenched as the “new normal.”  For example, in 2015 the average house rental was $1100.  Less than ten years later the average cost is $2150; that’s double the financial burden.  But today this price is considered par for the course.

Nothing gets better, the situation only ever gets worse, but since it happens over a period of many years (the process of collapse) the public largely accepts it and will even accuse those of us sounding the alarm of “doom mongering.”

As with any collapse there eventually comes a point of popular intolerance – That moment where people finally realize that the “doom mongers” were right all along and that the weight of the implosion is too much to refute. I believe we’re approaching that moment very quickly. In the meantime. Here are the five stages of denial that people go through before they admit that a fiscal calamity is upon them…

Stage 1: “I Don’t Know What The Conspiracy Theorists Are Talking About – I’m Doing Fine”

There’s an old saying from the Great Depression that goes something like this: “It’s only a depression for the people without jobs.”

If you weren’t a part of the 30% unemployed in the US at that time, then in your narrow world the Great Depression might not have seemed all that bad. In other words, people will ignore the sinking of the Titanic as long as they still have their own lifeboat.

I will say that this is a major problem in the midst of the stagflation crisis today, and it’s the root of what many Zennials are complaining about. In their minds, this is the worst economy in history of the world and they blame “boomers” for their pain. It’s really not (at least not yet), but it’s true that many “boomers” are going into the crisis with the advantage of time. They have had the time to build a lifeboat while Zennials have not.

It’s not about what’s fair, there’s no such thing as “fair” in economics. But older Americans need to realize that even if stagflation is not a crisis for them personally, it is indeed a crisis for younger people in particular. Any person still denying the reality of the collapse because “they’re doing fine” needs to shut up and take stock of the bigger picture.

Stage 2: “They’ve Been Talking About Collapse For Years And We’re Still Here”

A lot of people out there have childish notions of what a collapse is, mostly derived from Hollywood films and television. They imagine stock market mayhem, endless soup lines, mass starvation and even Mad Max-style destruction. When these kinds of things do happen it’s always at the END of the collapse process, not at the beginning. The former nation of Yugoslavia suffered through multiple inflation events before it finally exploded with balkanization and war. It didn’t happen overnight, but all the signs were there.

When analysts predict these events years ahead of time they are doing you a favor; they are giving you ample time to prepare. Unlike the banking elites and their proxies who only warn the public right before (or right after) the crisis hits a peak.

Believe it or not I still see deniers arguing that all is well today, even after massive stagflation, attempted nationwide medical tyranny, multiple regional wars around the globe that could trigger WWIII, constant civil unrest, etc. Is the threat of imminent death the only thing that will wake these people up to reality?

Stage 3: “Maybe Things Are Bad Now But The Crisis Is Transitory, It Will Be Over Soon”

This is the stage in which deniers finally accept that there is indeed some instability, but they cope with the issue by claiming the storm will quickly pass and there’s nothing to worry about. The thing is, they spent so much time trying to debunk the economists that were warning them they now fear being proven wrong more than they fear the crisis ahead. It’s a kind of mental sickness common to our culture – The absolute refusal of a large percentage of Americans to admit being wrong and moving on.

It’s okay to be wrong sometimes. It’s not okay to be in denial about it.

The claim that a collapse is “transitory” is a way for skeptics overwhelmed by facts and evidence to continue dismissing reality. If the economic decline doesn’t last very long then they never have to concede defeat to the “conspiracy theorists.”

Stage 4: “No One Saw The Crisis Coming”

I saw this argument thousands of times during the pandemic lockdowns and the initial inflation spike. There were so many people raging about the circumstances and a lot of them were the types of people that used to deny that anything out of the ordinary was going on. They started looking for scapegoats and they came up with the idea that there was no early warning.

If only someone had given them some kind of hint of what was about to happen, they would have prepared better, right?

The media and government officials tend to play into this stage of denial aggressively. In other words, this is the moment they assert that “No one saw this coming.” The event struck like lightning out of the blue. No one could have foreseen this outcome and there’s nothing anyone could have done about it.

Whenever I hear these arguments I’m reminded of the movie trend in the early 2000s of global disaster flicks. There’s always those scenes where the asteroid or the ocean wave or the tornado hits and we see thousands of people scurrying like ants, only to be crushed by a godlike force that they had no power to defend against. I never liked those movies, but I recognize that they play into a hidden element of fatalism in the human mind.

There is a strange mechanism in some people’s thinking that wants to believe they have no power to change their circumstances. They feel better assuming that the tides of fate are beyond their control and that there’s nothing they could have done differently. In reality, all they had to do was listen and think critically and they could have prepared accordingly. Their pain is the result of their own ignorance and ego.

Stage 5: “Everyone Saw The Crisis Coming”

Ah yes, the final stage of denial. This one is my favorite. It is the inevitable moment when skeptics fully concede that the economic collapse is a fact of life and then they claim they “saw it coming all along.” The inability for these people to admit they were wrong debases their ability to make informed decisions about the future.

They know a crisis is upon them and they’ll now pretend as if they knew it was going to happen. Therefore, all the “conspiracy theorists” that tried to warn them are not special or better informed than they are.

Of course, you’ll never see any evidence of these skeptics (and many mainstream economists) actually predicting anything.  You will see them predicting the opposite and attacking anyone that suggest they might be wrong.  One wonders why it’s so important for them to avoid giving credit where credit is due and learning from their mistakes, but when a person’s identity is so wrapped up in being the “expert,” the idea of completely fumbling the ball on the biggest economic disaster of their lifetime is too much to bear.

This article was written by Brandon Smith and originally published at Birch Gold Group

Sourced from Alt-Market.com

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from:    https://www.activistpost.com/2024/06/the-five-stages-of-denial-when-skeptics-are-faced-with-economic-collapse.html

The Bubble Has Burst

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15 Signs That America’s Economic Depression Is Accelerating As We Head Toward The Holiday Season

Authored by Michael Snyder via The Economic Collapse blog,

Hardly anyone expected that things would get this bad in 2020.  Once the pandemic hit and states all over the country started instituting lockdowns, economic activity collapsed dramatically.  U.S. GDP was down 31.4 percent during the second quarter of 2020, and that was a drop without parallel in all of U.S. history.  In fact, that decline was more than three times as large as the previous record.  But eventually states started to “reopen” their economies, and U.S. GDP for the third quarter is expected to show a significant rebound when the numbers are finally released.  Of course we still aren’t even close to where we used to be, but at least things weren’t as bad as they were in the second quarter.

But now as the fourth quarter begins, it appears that economic conditions are heading back in the wrong direction again. 

The following are 15 signs that America’s economic depression is accelerating as we head toward the holiday season…

#1 All 546 Regal Cinema theaters in the United States are being shut down, and right now there is no timetable for reopening them.

#2 It is being reported that AMC Entertainment (the largest movie theater chain in the U.S.) will “run out of liquidity” in 6 months.

#3 Over the weekend, I was told by someone that works in the industry that he expects most movie theaters in the country to eventually close down permanently because of this pandemic.

#4 The average rent on a one bedroom apartment in San Francisco is 20.3 percent lower than it was one year ago.

#5 During the 3rd quarter, the number of vehicles delivered by General Motors was down about 10 percent from a year ago.

#6 It is being reported that Anheuser-Busch will be laying off 400 employees in Loveland, Denver, Littleton and Colorado Springs.

#7 Allstate has just announced that they will be laying off 3,800 workers.

#8 JCPenney says that it will be cutting approximately 15,000 jobs as we approach the holiday shopping season.

#9 At least one-fourth of the 28,000 layoffs that Disney will be conducting will happen in Florida.

#10 Collectively, American Airlines and United Airlines let 32,000 employees go last week.

#11 On Thursday, we learned that another 787,000 Americans filed new claims for unemployment benefits during the previous week.

#12 Overall, more than 60 million Americans have filed new claims for unemployment benefits so far in 2020.  That number is far higher than anything we have ever seen before in all of U.S. history.

#13 Retail store closings in the United States continue to surge along at a pace that is absolutely unprecedented.

#14 Bankruptcy filings in New York City have risen 40 percent so far in 2020.

#15 This number is hard to believe, but it is being reported that almost 90 percent of New York City bar and restaurant owners couldn’t pay their full rent for the month of August.

None of this was supposed to happen.

By now, we were supposed to be well into a “V-shaped recovery” that would soon have Americans forgetting all about the dark days in the middle of 2020.

But instead, millions upon millions of Americans have lost their jobs and are facing a deeply uncertain future.  One of those Americans is an unemployed cook named Juan Jose Martinez Camacho…

Juan Jose Martinez Camacho, 59, has been a cook for 30 years, since he was asked to fill in one day when he was working as a dishwasher in a restaurant.

He has worked as a cook at the Crowne Plaza in Redondo Beach, California, for 22 years. When he was laid off on March 23, he was thinking it would be only two or three months before things got back to normal. But late last month he was notified he had permanently lost the job, which paid $22 an hour. He has been looking for other cooking jobs without any luck.

Can you imagine doing the same thing for 30 years and suddenly being out of a job?

Like most Americans, he assumed that the pandemic would soon pass and he would be going back to his old routine.

But that hasn’t happened, and so he is among the millions of restaurant workers that are not bringing in any income right now.

With so many Americans out of work, food banks around the country have been dealing with a tsunami of demand.  In previous articles, I have written about the absolutely massive lines that we have been seeing in certain portions of the nation.  In some cases, people have started lining up at 2 AM in the morning and the lines have gotten up to 2 miles long.

And every week we see more gigantic lines at food banks all over America.  The following is how one local news source described the massive lines that have been consistently forming in the state of Texas…

Thousands of cars form tightly packed lines across the state every week now to receive food. From Chihuahuan Desert border towns and cities to the staked plains of the panhandle, across the piney wood of deep East Texas, down to the Rio Grande and back cars stack, growing into steel and fiberglass caterpillars, hungry.

These events have distributed tens of millions of pounds of food over the past six months.

If you still have your job and you haven’t been forced to visit a food bank during this crisis, you should be thankful for your blessings.

Just like in the 1930s, we are witnessing colossal lines for food all over the nation, and this is just the beginning.

If you have been waiting for a “recovery”, you can stop waiting, because what we witnessed during the third quarter was about all the “recovery” that we are going to get.

Now we are less than a month away from a presidential election that promises to be incredibly chaotic, and the extremely deep divisions that already exist in our nation are likely to get even worse.  Many believe that this election will produce even more civil unrest, and that will likely depress economic activity even further.

I truly wish that economic conditions would “return to normal” and that all of us could get back to our old patterns.

But there isn’t going to be any “return to normal” any time soon.

Instead, very dark days are ahead, and those very dark days will shake this nation to the core.

from:   https://www.zerohedge.com/economics/15-signs-americas-economic-depression-accelerating-we-head-toward-holiday-season?utm_campaign=&utm_content=Zerohedge%3A+The+Durden+Dispatch&utm_medium=email&utm_source=zh_newsletter

Are You Following the Money or the Hype?

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Snyder: It’s Much Worse Than You Are Being Told

Authored by Michael Snyder via The Economic Collapse blog,

For a long time I warned that our economic bubble would burst and that we would plunge into a nightmarish economic collapse.  Now it has happened, and it turns out that fear of COVID-19 was the “black swan event” that triggered the collapse.  The ironic thing is that COVID-19 is not even close to the worst thing that is going to happen to us.  But it was more than enough to topple our incredibly fragile economic system, and now tens of millions of Americans are deeply suffering.  On Friday, the April jobs report was released, and it was the worst jobs report in U.S. history by a very, very wide margin.  According to the official numbers, 20.5 million Americans lost their jobs during the month, and the unemployment rate shot up to 14.7 percent.  During the last recession, the unemployment rate peaked at about 10 percent, and we have already left that number in the dust.

The figures that we are seeing now are truly, truly horrifying, and what is even more frightening is that they aren’t even that accurate.

But don’t take my word for it.

On Friday, the U.S. Labor Department publicly admitted that the true unemployment rate in April was closer to 20 percent…

Millions of U.S. residents were counted as employed in April despite having no job, suggesting April’s true unemployment rate was closer to 20%, much higher than the official 14.7% reported, the Labor Department said Friday.

The jobless rate should have included people on temporary unpaid leave, furloughed because of the coronavirus pandemic, the government said.

I applaud the Labor Department for trying to be honest.  In the report, they openly admitted that an “additional 7.5 million workers” should have been classified as unemployed…

But responses to the survey by which the data was collected show 11.5 million people were categorized as employed but absent from work because of vacation, parental leave or other reasons, but including 8.1 million absent for “unspecified” reasons, a group that usually numbers about 620,000.

“One assumption might be that these additional 7.5 million workers …should have been classified as unemployed on temporary layoff,” a note attached to the government’s jobs report Friday said.

If those workers had been correctly classified, the official unemployment rate would have been about 19.5 percent, and that would have put us solidly in Great Depression territory.

But others have looked at the numbers and calculated that the true rate of unemployment should be even higher than that.

For example, Standard Chartered has calculated that the true rate of unemployment could be as high as 27.5 percent…

While it is true that what the BLS reported that the April unemployment rate (UR) was less than expected (14.7% versus consensus of 16.0%) and the drop in payroll employment of 20.5 million was also less than the 22.0 million expected, Standard Chartered bank has calculated that adjustments to the headline unemployment rate push the effective number of unemployed to 42 million and the effective UR rate to 25.5%, higher even than the U-6 underemployment rate of 22.8%. Worse, if one treats underemployed in line with the U-6 methodology, the true April unemployment number would rise to an mindblowing 27.5%.

So how did Standard Chartered arrive at those numbers?  The following is how Zero Hedge explained it…

How does one get these numbers? As the bank’s chief FX strategist Steve Englander explains, start with the 23.1 million unemployed as published by BLS. To this add 8.1mn people who have dropped out of the labor force since February (previously the labor force had been growing steadily, so these are likely unemployed).

Add back 7.5MM workers classified as ‘employed but not at work for other reasons’ – BLS states that these workers are likely misclassified as employed, when they are in fact unemployed. Involuntary part-time work for economic reasons has gone up by 6.6MM and we treat these as half-unemployed (i.e., a contribution of 3.3MM).

This totals almost 42 Million effectively unemployed.

And Standard Chartered is not the only one that has come up with such a high figure.

In fact, John Williams of shadowstats.com says that if honest numbers were being used that the U.S. unemployment rate would now be an eye-popping 35.4 percent.

Wow.

Of course everyone admits that things are really, really bad and that the numbers for next month are likely to be even worse.

If you can believe it, even White House economic adviser Kevin Hassett is admitting that the official unemployment rate is likely to surge above 20 percent in “May or June”…

White House economic adviser Kevin Hassett believes the unemployment rate could rise above 20% and the worst job losses would come in “May or June” because of the ongoing coronavirus pandemic.

When asked Sunday what the “bottom” of the country’s unemployment pain would be, Hassett, who advises the Trump administration on economic policy and is the former chair of the Council of Economic Advisers, told CBS’s “Face the Nation,” “to get unemployment rates like the ones that we’re about to see … which I think will climb up toward 20% by next month, you have to really go back to the Great Depression to see that.”

And even once this pandemic fades, many of those jobs won’t be coming back.

Initially, many employers had anticipated that they would be bringing all of their employees back following a short, severe crisis.  But at this point reality is beginning to set in for many of them.

For example, a restaurant owner in Kentucky named Britney Ruby Miller has had to lower her expectations as this pandemic has dragged on…

In late March, Britney Ruby Miller, co-owner of a small chain of steakhouse restaurants, confidently proclaimed that once the viral outbreak had subsided, her company planned to recall all its laid-off workers.

Now? Miller would be thrilled to restore, by year’s end, three-quarters of the roughly 600 workers her company had to let go.

Yes, the state of Kentucky is starting to “reopen for business”, but for now her restaurants will “be limited to 33% of capacity” and there will be all sorts of other new expenses that Miller will be forced to deal with…

Yet business won’t be returning to what it was before. In Kentucky, the restaurants will be limited to 33% of capacity. They are putting six feet between tables in all their restaurants, thereby limiting seating. Miller estimates that the company’s revenue will plunge by half to three-quarters this year.

And expenses are rising because the company must buy face masks and other equipment for the workers it does recall and restock its food, drink, and equipment supplies.

There are very, very few restaurants that can be profitable under such circumstances.

Unless the state of Kentucky lifts those ridiculous restrictions, Miller may soon lose all of her restaurants and all of her employees may soon be permanently out of jobs.

Of course more layoff announcements just keep rolling in from all over America with each passing day.  The following examples come from the Wall Street Journal…

This past week, General Electric Co., Uber Technologies Inc. UBER 6.01% and Airbnb Inc. said they would lay off thousands of workers. MGM Resorts International MGM 4.42% warned that some of the 63,000 employees it has furloughed may be let go permanently starting in August. Aerospace supplier Raytheon Technologies Corp., RTX 2.91%  job-listings site Glassdoor and United Airlines Holdings Inc. UAL 11.74% also said in the past week that they had reduced jobs or planned to do so.

This is what an economic depression looks like, and it is going to be so incredibly painful.

And it is critical to understand that what we have experienced so far is just a warm-up act for the next chapters.

If you remember how bitter the last recession was, that should motivate you to take action to prepare for what is ahead, because this economic downturn is already even worse.

Yes, the months in front of us will be exceptionally challenging, but you can get through this.  Things may look really bleak, but for now you just need to keep hanging in there.

There will be life on the other side, but your future may end up looking far different than you originally anticipated.

from:    https://www.zerohedge.com/markets/snyder-its-much-worse-you-are-being-told

Something to Consider

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As always:    DO YOUR RESEARCH!

10 Reasons You Should Prepare For An Economic Collapse

March 28, 2016 | By Gaye Levy

Global-Money

It was not that long ago that the country of Greece suffered a devastating collapse of their economy.  At the time, there was a lot of blame game going on but, at the end of the day, it was years of irresponsible and unrestrained spending that took them down.  That, coupled with questionable accounting practices and misstated economic indicators left the Greek citizens befuddled and angry when the reality of a depression hit.

Could the same thing happen here?  Not to be depressing but in going through my own thoughts as I answer the question “What am I least prepared for?”, I realized that it was time for a wake-up call and time to re-evaluate my own preps within the context of an economic collapse.

Looking back at what happened during or our own Great Depression, I have come to realize that an economic collapse, if it were to happen, would have the compound effect of combining all woes we so diligently prepare for into one huge mess – a mess that may take decades to resolve.

I worry about this, because, as prepared as I may be, I find it difficult to wrap my head around a mega collapse that will result in food and water shortages, power outages, civil disobedience, medical anarchy, and worse.

A global economic collapse, unlike a natural disaster which, as tragic as it may be, is a short term event, will change our lives forever.

Time for a Wake-Up Call

Back in 2012, Michael Snyder wrote about the lessons we can learn from the financial melt-down in Greece.

At the time, being a prepper in the United States typically branded you as an nut job.  Now that preparedness has become more mainstream, I feel that we should review those lessons and take another look at the ramifications of an economic collapse.

Here are the 10 lessons along with my own thoughts as they might apply to an economic collapse in 2015 and beyond.

10 Reasons Why We Need to Prepare for an Economic Collapse

1.  Food Shortages Can Actually Happen

Most people assume that they will always be able to run out to their local supermarket or warehouse club.  Those of us that prepare, know better. It is those folks that do not prepare that we need to worry about.

2. Medicine Is One Of The First Things That Becomes Scarce During An Economic Collapse

When credit systems and distribution channels are compromised, medical supplies will not make their way to the local pharmacy.  Any medicines and supplies that are available will likely be diverted for use by the power elite.  Sorry to be such a cynic but we all know that there are privileged classes that have the power and the means to get whatever they want, even if it means denying the rest of the population with their fair share.

3.  When An Economy Collapses, So Might The Power Grid

No money to pay workers and no fuel to fire the grid translates into no grid at all.  Going without power for a week or two is one thing but going off grid for months or even years?  We are a soft society accustomed to our comforts.  Without the grid, our lives will be quite different than the life we live today.

4.  During An Economic Collapse You Cannot Even Take Water For Granted

When the grid goes down, so goes the water treatment facilities that ensure that clean water flows from our faucets.  I survived 12 days without running water.  Do-able yes.  Fun? Hardly, but I knew the water would come back on eventually. What if the water never came back on?

5. During An Economic Crisis Your Credit Cards And Debit Cards May Stop Working

Same thing.  If the grid is down, our banking system will basically be down too.  This means that credit cards and debit cards will be useless to transact business and make purchases.

6.  Crime, Rioting And Looting Become Commonplace During An Economic Collapse

This is not a maybe.  The haves will need to defend their property from the have-not’s.  I also suspect that the “haves” (aka preppers) may have to defend themselves from government looters.  It will be every man or woman on their own; defending what is theirs.

The young and healthy might be able to handle this but what about the elderly, the sick, and the disabled?  Even if they prep, how will they defend themselves?

7. During A Financial Meltdown Many Average Citizens Will Start Bartering

Without credit cards, debit cards, and quite possibly currency, a barter economy will emerge.  By the way, the best description I have read relative to how such an economy will work was is James Wesley Rawles book, Patriots.

Things will definitely fall apart during an economic collapse. Having supplies and especially skills to barter with not be an option.

8. Suicides Spike During An Economic Collapse

This happened in the 30s and it will happen again. When people no longer have hope, they feel that life is not worth living.  My guess is people will start jumping out of buildings and may take family members with them in a suicide pact.

9.  Your Currency May Rapidly Lose Value During An Economic Crisis

Let me take this one step further.  Your currency WILL lose value during an economic collapse.  It happened in Germany during the Weimar Republic and it has happened more recently elsewhere around the globe.  We are not immune to runaway inflation coupled with devaluation of our currency.

10. When Things Hit The Fan The Government Will Not Save You

If you think that the government will come to the rescue of those that are suffering think again.  Remember the aftermath of Katrina?  Remember Super Storm Sandy?

It is foolhardy to believe that government assistance of any type will become available following a collapse. History has demonstrated over and over again that governments cannot be counted on when things hit the fan. You will be on your own so you better be ready mentally to accept that reality and the tough times that will ensue.

The Final Word

If you have made it this far you might be thinking “Gaye, we know all of that.  That is why we prep.”.

Agreed; I am preaching the choir.  But, that being said, the overwhelming ramification of having all of these things happen at once will be a blow to the psyche that is of greater magnitude than anything you can imagine.

Think about it.  To prevail following a collapse you will still need to get up in the morning, go about your chores, and go about the business of living.  This is going to take a level of fortitude that I can not fathom.  Heck, there are some days, during these modern, comfortable times, that I can barely face the day and all of its challenges.

So where do we go from here?  What solutions are there to get you through to that mental place you know you will need to go to?

Three things you need to remember are:

1.  Only you can be counted on to take care of yourself and your family.
2.  Leaning coping skills during times of calm will give you a heads up on coping during times of crisis.
3.  Give yourself permission to worry, to be concerned, and to be a bit afraid.  This will keep you alert and on your toes at all time.

At the end of the day, those that prepare will be in it for the ride.  The real question is whether we have the mental fortitude to get there without losing are path along the way.

Enjoy your next adventure through common sense and thoughtful preparation!

from:    http://www.thesleuthjournal.com/10-reasons-to-prepare-for-an-economic-collapse/