The hypothetical Doomsday Clock has been ticking since 1947. Each year EXPERTS move the hands a little farther or closer to midnight dependent on global events.
This year it ticked perilously closer, and it stands at just two minutes to midnight. In fact, it’s never been as close as this since 1953 when the world’s first hydrogen bomb was detonated!
So when you’re ensuring you have plenty of ammo for hunting and researching how to build a bunker in case of emergency - don’t let folks scoff and suggest you’re acting a little too serious. YOU’RE NOT!
In fact, there a number of ways that the US economy and consequently the power grid could collapse. So as a recap or if you’d like to point doubters in the right direction here’s a quick reminder.
A Lesson from Recent History
The thing about a U.S. economic collapse is if it happens, it will be fast. No one will predict it.
Few people are aware exactly how close the U.S. economy came to collapse on September 17, 2008. On that day panic swept and terrified investors withdrew a record $140 billion. Had it continued for just ONE WEEK the economy would have collapsed.
In the event of a collapse; businesses would close, trucks would stop and grocery stores would be empty. Gas, electricity, and water would not be available. The money would run out and people would be relying on a bartering system and let’s face it their wits!
Fortunately, Wall Street Veteran Hank Paulson and Great Depression scholar Ben Bernanke saved the day on that occasion in 2008.