The Economic Collapse Is Not A Single Event

[SilverDuderMember]

http://theeconomiccollapseblog.com/archives/the-economic-collapse-is-not-a-single-event

Many people hype “the coming economic collapse” as if it is some kind
of big summer Hollywood blockbuster.  Many people out there write about
it as if it is something that will happen in a single day or over a few
weeks and that it will suddenly change how the entire world functions. 
But that is not how the financial world works.  The financial world is
like a game of chess – very slow and methodical.  Yes, there are times
when things happen very quickly (like back in 2008), but even that
crisis played out over a number of months.  Sadly, most Americans are
not used to thinking in terms of months or years.  These days, most
Americans have the attention span of a goldfish and most Americans have
been trained to expect instant gratification.  They are simply not
accustomed to being patient and to wait for things.  Well, despite what
you may have read, the economic collapse is not going to be a single
event.  It is going to play out over quite a few years.  In some ways we
are experiencing an economic collapse right now.  When the next major
financial crisis occurs, many will be calling that “an economic
collapse”.  But if you really want to grasp what is happening to us, you
need to think long-term.  We are heading for a complete and total
nightmare, but it is going to take some time to get to the end of the
story.

Yes, there will certainly be times of great chaos.  The financial crisis of 2008 was one of those moments.

But the financial crisis of 2008 did not completely destroy us.

Neither will the next crisis.

I think it is helpful to think of what is happening to us as a series of waves.

[silverbullionMember]

I agree, it is not a single event, but rather a series of events. However, this doesn’t take away from the fact that the underlying fiat currencies can violently collapse to crisis levels overnight, levels where fiat currencies become virtually worthless.  Such an event will most likely cause a sudden and violent economic collapse. Thus, we can expect to see a series of collapses followed by the mother of collapses.

[4 ozMember]

True enough…..it started in ’05 when the wife ran off with her
girlfriend. Moved into my work place in ’06 when a great income source made
horrific choices a good 2 years before the ’08 crash…and got a nice head start
on everyone else losing a lot of dough.

Fortunately for me, while always have a genuine appreciation for the female
form I’ve developed useful anti-bodies that have provided a large amount of
immunity & have applied the Benjamin Franklin philosophy of using ‘Thrift
and Industry’ to rebound while moving into PM’s….. opps, gettin’ too carried
away…never mind….

[widgetMember]

You lost me at “Yes, there are times
when things happen very quickly (like back in 2008)”.

In other words the rule of things slowness is already broken and may as well be brokener next time.

A major italian bank just announced that their depositors can wave their deposits goodbye. What would you do tomorrow if you had money in any other italian (or PIIGS) bank?

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