{"id":5987,"date":"2015-02-19T06:34:13","date_gmt":"2015-02-19T14:34:13","guid":{"rendered":"http:\/\/hoshanarabbah.org\/blog\/?p=5987"},"modified":"2015-02-19T06:35:26","modified_gmt":"2015-02-19T14:35:26","slug":"case-against-economic-collapse","status":"publish","type":"post","link":"https:\/\/hoshanarabbah.org\/blog\/2015\/02\/19\/case-against-economic-collapse\/","title":{"rendered":"Some good news (?) \u2026 I think: The Case Against Economic Collapse"},"content":{"rendered":"

The following is from\u00a0http:\/\/www.shtfplan.com<\/a><\/span><\/h1>\n

The Case Against Imminent Economic Collapse: \u201cThey Can Keep Bailing Things Out for Several More Years Without Fear of Collapse\u201d<\/h1>\n
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February 16th, 2015<\/div>\n
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By\u00a0Joel Skousen<\/a><\/em><\/p>\n

This week, I\u2019m going to diverge from my normal preparedness tips and switch to my geopolitical expertise as the editor of the World Affairs Brief (www.worldaffairsbrief.com<\/a>) .\u00a0 I feel the need to address the root controversy about what we are preparing for. I field more questions from subscribers and preppers each week on the subject of\u00a0economic collapse<\/b>than any other topic, and despite the failure of all these collapse predictions since 2010, they are back again in 2015.<\/p>\n

And, it\u2019s no wonder. There is an unending flow of predictions of complete and imminent collapse coming from both the uninformed and some very bright financial newsletter writers on the conservative\/libertarian side such as Jim Rickards, Peter Schiff, Michael Snyder, R.G. Allen, Robert Kiyosaki, John Williams (shadowstats.com), Mike Maloney, and Mike Dillard (who\u2019s been pushing the collapse of the EURO for years now and still won\u2019t stop despite the failure of his predictions).<\/p>\n

I\u2019m not going to tell you that things are fine.\u00a0 They are not. The financial collapse writers are well informed about the problems of excessive debt, fiat money, and deficit spending that politically cannot be stopped nor solved now that the benefit corrupted voters can out-vote those of us who want government to stop these suicidal redistribution schemes.<\/p>\n

But they have not thought out clearly the specifics of how and why it\u2019s so difficult for an actual collapse to occur.\u00a0 Historically, no nation has ever collapsed financially outside of the destruction of war\u2014none (even the so-called \u201ccollapse of the Soviet Union\u201d was a carefully crafted deception, as outlined in\u00a0this piece<\/a>).\u00a0 Only when people are thrust into the most abject circumstances of survival, such as in WWII in Europe with the combination of allied bombing and the Russian invasion does an economy cease to function and turn into a mob of pillaging people.<\/p>\n

Let me cover the various collapse scenarios that are being hyped constantly and why they aren\u2019t necessarily imminent:<\/p>\n

Electric Grid collapse<\/b>: It is true that the nation would descend into massive social unrest should the electric grid go down and stay down for more than two weeks.\u00a0 That said, there are a lot of uninformed predictions about a massive solar flare, or EMP strike by some terrorist or rogue nation that could cause a grid collapse.\u00a0 The solar flare scenario is really only a threat to the grid in high northern latitudes since charged particles are channeled by the earth\u2019s magnetic field toward the North Pole.\u00a0 Canada is much more at risk from a massive solar flare.<\/p>\n

And, contrary to a lot of arm-chair tacticians, a single nuclear EMP strike over the US by some terrorist group is not capable of taking down the entire grid.\u00a0 It takes at least six simultaneous high altitude nuclear bursts to blanket the US, and only Russia and (to continue\u00a0http:\/\/www.shtfplan.com\/headline-news\/the-case-against-imminent-economic-collapse-they-can-keep-bailing-things-out-for-several-more-years-without-fear-of-collapse_02162015<\/a><\/span>.)<\/span><\/p>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

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The following is from\u00a0http:\/\/www.shtfplan.com The Case Against Imminent Economic Collapse: \u201cThey Can Keep Bailing Things Out for Several More Years Without Fear of Collapse\u201d February 16th, 2015 By\u00a0Joel Skousen This week, I\u2019m going to diverge from my normal preparedness tips … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[5],"tags":[38],"class_list":["post-5987","post","type-post","status-publish","format-standard","hentry","category-current","tag-end-times"],"yoast_head":"\nSome good news (?) \u2026 I think: The Case Against Economic Collapse | Hoshana Rabbah Blog<\/title>\n<meta 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