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Guest Post: 16 Signs That Most Americans Are Not Prepared For The Coming Economic Collapse
Submitted by Michael Snyder of The Economic Collapse blog,
Sometimes I think that I sound like a broken record. I am constantly using phrases such as "get prepared while you still can" and "time is running out". In fact, I use them so often that people are starting to criticize me for it. But the truth is that only a small percentage of people out there are actively taking steps to get ready for what is coming. Most of the country is not prepared at all. In many ways, it is just like 2007 all over again. There were many people that could see what was about to happen and were doing all they could to warn people, but most did not listen. And then the great financial crisis of 2008 struck and millions of people lost their jobs and their homes. Unfortunately, the next great wave of the economic collapse is going to be even more painful than the last one. It is imperative that people get prepared for what is on the horizon, but for the most part it is just not happening.
A lot of it has to do with the fact that we have such short memories and such short attention spans in America today. Thanks to years of television and endless hours on the Internet, I find myself having a really hard time focusing on anything for more than just a few moments. And we are accustomed to living in an "instant society" where we don't have to wait for anything. In such a society, we are used to "news cycles" that only last for 24 hours and very few people take a "long-term view" of anything.
And another one of the big problems that we are facing is something called "normalcy bias". The following is how Wikipedia defines it...
The normalcy bias, or normality bias, refers to a mental state people enter when facing a disaster. It causes people to underestimate both the possibility of a disaster occurring and its possible effects. This often results in situations where people fail to adequately prepare for a disaster, and on a larger scale, the failure of governments to include the populace in its disaster preparations. The assumption that is made in the case of the normalcy bias is that since a disaster never has occurred then it never will occur. It also results in the inability of people to cope with a disaster once it occurs. People with a normalcy bias have difficulties reacting to something they have not experienced before. People also tend to interpret warnings in the most optimistic way possible, seizing on any ambiguities to infer a less serious situation.
Over the past several years, the U.S. economy has been relatively stable. And that is a good thing. But it has also lulled millions upon millions of people into a false sense of security and complacency. At this point, most Americans consider 2008 to be a temporary bump in the road, and most assume that the U.S. economy will always be strong.
Unfortunately, that is not the truth. As I have written about previously, the long-term trends that are destroying our economy have continued to get worse since 2008, and none of the problems that caused the last financial crisis have been fixed.
We are steamrolling toward the edge of an economic cliff, and most people in our entertainment-addicted society are totally oblivious to what is going on. So they are not doing anything to get ready for the immense economic pain that is coming. The following are 16 signs that most Americans are completely unprepared for the coming economic collapse...
#1 Could you come up with $2000 right now? According to a shocking study that was just released, most Americans could not...
Forty percent of individuals in the U.S. said they could not or probably could not come up with $2,000 if an unexpected need arose, according to research by Atif Mian of Princeton University and Amir Sufi of the University of Chicago Booth School of Business.
#2 In that same study, Americans were asked the following question...
"Do you have 3 months emergency funds to cover expenses in case of sickness, job loss, economic downturn?"
An astounding 60 percent of people that responded said that they do not.
#3 Another study found that less than one out of every four Americans has enough money stored away to cover six months of expenses.
#4 Some people are actually trying really hard to get ahead, but admittedly that is really tough to do when we are all being taxed into oblivion. In fact, it was reported this week that Americans now spend more on taxes than they spend on food, clothing and housing combined.
#5 Right now, more Americans are dependent on the government than ever before. In fact, according to the U.S. Census Bureau, 49 percent of all Americans live in a home that currently gets direct monetary benefits from the federal government.
#6 It is estimated that less than 10 percent of the entire U.S. population owns any gold or silver for investment purposes. That is a stunning number.
#7 It has been estimated that there are approximately 3 million "preppers" in the United States. But that means that almost everyone else is not prepping.
#8-16 The following are nine more statistics that come from a survey conducted by the Adelphi Center for Health Innovation. As you can see, a significant portion of the population is not even prepared for a basic emergency that would last for just a few days...
- 44 percent don’t have first-aid kits
- 48 percent lack emergency supplies
- 53 percent do not have a minimum three-day supply of nonperishable food and water at home
- 55 percent believe local authorities will come to their rescue if disaster strikes
- 52 percent have not designated a family meeting place if they are separated during an emergency
- 42 percent do not know the phone numbers of all of their immediate family members
- 21 percent don’t know if their workplace has an emergency preparedness plan
- 37 percent do not have a list of the drugs they are taking
- 52 percent do not have copies of health insurance documents
What do you think is going to happen to these people once the economy collapses and there is chaos in the streets?
How are they going to survive?
After all of these years of writing about the coming economic collapse, nothing has changed as far as the long-term outlook is concerned.
We are still heading toward a complete and total economic meltdown.
But most Americans continue to have faith in the system, and the mainstream media keeps assuring them that everything is going to be just fine.
And in this "dumbed-down" society of ours, most people are perfectly content to let others do their thinking for them. In America today, only one out of every six Americans can even find Ukraine on a map of the world. That is how far we have fallen.
In this day and age, it is imperative that we all learn how to think for ourselves. The foundations of our society are crumbling, our economic system is failing and the blind are leading the blind. If we do not learn to make our own decisions, we are just going to follow the rest of the herd into oblivion.
In addition, we all need to start taking a long-term view of things. Just because the economic collapse is not going to happen this month does not mean that it is not going to happen. When you step back and take a broader view of what is happening, it becomes exceedingly clear where we are heading.
Sadly, most Americans will never do that.
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I thought that March Madness was over. Perpetual seepage...
Friday, July 8th, 2011 @ 15:30
"Plan your food supplies now. Grow and buy seeds that will keep you alive. Buy silver coins or gold, so that you can buy what is necessary."
http://www.thewarningsecondcoming.com/eternal-father-will-prevent-new-wo...
Sunday, April 17th, 2011 @ 09:00
"Wake up all of you – now. Look around you and see for yourselves. Stop trying to imply that the world is simply in the throes of a depression, caused by a slump in the economy, because this is not true. These people will now control each of you through a global currency and your country’s indebtedness. No country will escape their clutches. Please heed My Word. Your money will be worthless. Your access to food and other necessities will only be possible through “the mark”, the identification I spoke about."
http://www.thewarningsecondcoming.com/new-world-order-plan-to-control-yo...
How does one know they are a member of "the masses?"
1- You have no significant net worth.
2- Your honest admiration for human achievement is confined, for the most part, to athletics.
3- You constantly attack any person who points out that they have achieved anything unusual or difficult, except of course, athletic achievements. If you took particular notice of the comment above, "I worked on the space shuttle," instead of simply ignoring it as irrelevant, you are probably a peasant.
4- You will never admit that you are a peasant.
Go now, and sin no more.
Gutsy post. I love it.
Broad brush doesn't work globally.
And, really, "human admiration?"
I took particular notice of the comment above, "I worked on the space shuttle," because it was irrelevant.
59% still get their "news" thru the Mainstream media
Football games and AMERICAN IDOL are enough to keep the dumb butes hypnotized
Prepping is fine and one should do for any unfortunate incident. As for the market, it will hit like lighting and we won't see it coming.
Survival is so overrated.
The world ends for everyone, eventually.
Wilson.
"Life is worth losing"
Yeah, we really do think too much of ourselves...
Japan did it post WWII, S Korea did it in the 60's, China did it in the 70's with Deng Xiaoping. HOW? All three went out and got heavy industry to come in!
Just like we did in the late 1800's. In the early 70's we forgot and were too proud! Our Federal Government chased them out. The "Heavy Industry" needed to reposition for distribution and wage differential which was considerable back then. Wages are far closer now but, our Federal Government won't let then back in! EPA NLRB Class Action Law suites and 200 other Agencies just to keep them out!
OIl is running low. Perhaps "heavy industry" is not such a good idea when energy is scarce. But...
You're doing a good job of promoting what I'd be warning about for many years now, that govt will be used to subsidize the "return" of business to the US. We'll get to pay for this as we watch the robots come home... (to create ever-smaller numbers of widgets for the declining numbers of consumers) yeah, "brilliant."
Fight, flight or freeze. Back in the mid eighties there was a mini race riot after a Canada/USA joint fireworks celebration. The crowds were dispersing when suddenly someone yelled gun and shots rang out. There were no police to be found and it quickly became a stampeding crowd and fights broke out everywhere. Hmmm, what to do? Shelter in place? Don't think so. Run? Trip and get trampeled. Stand and fight? Fight who? My wife was with me. I had more than just me to protect. I found us a storefront where I could keep her behind me as people continued rushing by and fights and yelling continued. I only hit one guy who didn't like what I looked like evidently. Soon sirens were heard and the crowds dispensed. Believe me, running at the time made the most sense. Fighting did not. Freezing would have gotten me and the wife separated quickly as the crowd was an overwhelming wave. Our brains have an incredible ability to almost slow down to a frame by frame slow motion when we are under extreme duress. It can be a life saver or the death of you if you aren't aware what your brain is showing you. I have seen grown men lever or pump all their live rounds through a gun when trying to shoot a deer. That is called buck fever for you non hunters. Fight, flight or freeze can do the same to you with much more dire consequences possible. There are predators and prey in nature. Some days you are the bug and some days you are the windshield. Don't ever be the bug. Good day all.
Good to see that there are others who think it a bad idea to paint with broad brushes.
Economic collapses aren't a big deal, many countries have gone through them and survived. What is a big deal is who and what kind of worldview survives the economic collapse, prospers during it and emerges on the other side as the winner. If the same psychopaths who are in control of the US, or worse, emerge stronger and as winners after the collapse. some drastic corrective measures, including using a few nukes, might be in perfect order. If on the otherhand, if saner minds prosper and emerge victorious or the US simply ceases to be by breaking up into many parts, the world can heave a big sigh of relief.
Your assuming that there's enough resources in which to rack it up again. News flash: there won't be. That is, you won't be able to find that "winning team" you think will exist.
I have to agree, there will not be enough resources to go around... (without de-population)
"#1 Could you come up with $2000 right now? According to a shocking study that was just released, most Americans could not...
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Spot Snyder's mistake: how can "forty percent" equal "most Americans"??
"Normalcy bias" is just another term for being "In denial".
That being so, I agree that millions of people are in denial about all manner of things and fail to plan accordingly for possible disaster or even simply not going according to plan. This is a common feature of human psyche because it allows one to avoid facing reality which can be extremely painful.
Political elites are certainly not excluded from being in denial. That is partly why they keep telling us that things are getting better and growth has returned whilst ignoring the herd of elephants gathering in the room, preparing to run amok.