Your Views On What A US Economic Collapse Might Look Like

libertygrl

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I've been doing some research online about this topic. Some people believe it will be similar to the collapse of the soviet union, while others believe it will be worse. Here's one opinion. What do you think?

In its final months, the USSR was limping and wheezing. Then the price of oil fell sharply, slashing their income from oil exports. The system could no longer afford to function -- crash! Families began struggling, and the government did little to help them. Factories shut down, traffic disappeared, and the air became clean and fresh. There were long lines at the few open gas stations, where sales were limited to ten liters (2.5 gallons), paid for with a bottle of vodka (money was worthless). Middle class folks discovered rewarding new careers in dumpster diving. The birth rate fell, and the death rate surged. Many drank themselves into the next realm.

Despite this, many homes remained heated, all lights stayed on, nobody starved to death, and the trains ran on time. It turned out that an excellent place to experience a collapse was in a communist land, where the state owned everything. Nobody received an eviction notice, because there were no private homes. The Soviets brilliantly decided not to create a car-based transportation system, because that would have been a foolish waste of precious resources. Gasoline shortages were not a serious problem for a society that was largely car-free. Importantly, their economy did not depend on imported energy.

Housing projects were always located conveniently close to the excellent mass transit system. They wisely did not create a nightmare of endless sprawling suburbs. Instead, Soviets lived in unglamorous, energy-efficient, solidly built, high-rise apartment complexes, many of which provided garden plots for the residents.

The Soviet collapse lasted about ten years, and then the nation got back on its feet. While Russian oil production had passed its peak, they still had significant reserves of oil and natural gas to sell, and this was their salvation. It gave them another decade or two to live in the industrial lane. They were able to bounce back -- temporarily. The US will not be so bouncy.

The American collapse will be harsher, because we live in a market economy, and free markets have zero tolerance for providing free goods and services to the destitute. The bank that owns your home will foreclose if you can't pay. The tax collector will evict you if taxes aren't paid. The power, phone, and water will be shut off. The repo man will snatch your cars. The food production system will stumble. Say bye-bye to law enforcement and for-profit health care. If the railroad system isn't modernized before the crash, the USA is likely to break apart.

Near the end of the Soviet empire, there was widespread contempt for the system. Driven by resentment, many highly educated people deliberately shifted to menial work, and sought their pleasure in nature, books, and friends. When the crash came, they didn't lose their identity, have an anxiety attack, and submerge into despair. "The ability to stop and smell the roses -- to let it all go, to refuse to harbor regrets or nurture grievances, to confine one's serious attention only to that which is immediately necessary and not to worry too much about the rest -- is perhaps the one most critical to post-collapse survival."

Air, water, and food are necessary for survival. Many of us have been brainwashed into believing that life is impossible without flush toilets, automobiles, cell phones, electricity, computers, and on and on. These are wants, not needs. Orlov recommends that we begin the process of mental preparation now, so that we can become more flexible, and better able to roll with the punches when the storm arrives. Simplify your life now, and learn how to be comfortable living without non-essential luxuries and frivolous status trinkets. Imagine how you will live when money becomes worthless. Learn practical skills.

The USSR provided its citizens with a place to live, and most people stayed put. They knew the people around them, which encouraged mutual support. Americans are highly mobile, moving every five years. We often feel like space aliens in a world of strangers. It's smart to get to know your neighbors, so you can help each other.

When hard times come, be generous with others. Keep possessions to a bare minimum, so you aren't attractive to thugs and thieves. Outwardly, blend in with the herd -- dress like them, act like them, and think like them. Create a wardrobe that's in harmony with the trendy down-and-out look. During collapse, being an oddball of any kind will be risky. Angry mobs have a big appetite for finding folks to blame and punish, and American mobs are very well armed.

Before the revolution of 1918, the Russian people were well fed by a system of small, low-tech peasant farms. The communist collectivization of agriculture was a disaster. On the bright side, this inspired big interest in kitchen gardens. At the time of the Soviet collapse, these gardens comprised ten percent of cropland, and they generated 90 percent of domestic food production. The average garden was just one-tenth of a hectare (a quarter acre). The US also blundered into industrial agriculture. In the coming years, rising energy costs will eventually derail our highly mechanized food production system.

Reading this book is a sobering and mind-expanding experience. It gives us a vitally important subject to contemplate. Readers are served an all-you-can-eat buffet of good old-fashioned common sense -- the best antidote there is for magical thinking, denial, and the intense never-ending hallucinations of consumer fantasyland. It's a valuable book for people who have "krugozor" (a broad mental horizon that allows outside-the-box thinking). I read the first edition, published before the crash of 2008. Following the crash, Orlov published a new and improved second edition.

Richard Adrian Reese
Author of What Is Sustainable

This guy has some thoughts as well:

h ttp://madconomist.com/what-if-us-collapses-soviet-collapse-lessons-every-american-needs-to-know
 
The US has plenty of energy.

Meaning what? That our supply of energy will sustain us? What does that mean for the average person/family if the dollar collapses. For how long will our energy supply sustain us? Please expand.
 
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If our very first reaction to it is to tell Washington, D.C. to get bent, our financial collapse will look like an economic recovery...
 
Meaning what? That our supply of energy will sustain us? What does that mean for the average person/family if the dollar collapses. For how long will our energy supply sustain us? Please expand.

Did you read the article you posted?

" The Soviet collapse lasted about ten years, and then the nation got back on its feet. While Russian oil production had passed its peak, they still had significant reserves of oil and natural gas to sell, and this was their salvation. "
 
Did you read the article you posted?

" The Soviet collapse lasted about ten years, and then the nation got back on its feet. While Russian oil production had passed its peak, they still had significant reserves of oil and natural gas to sell, and this was their salvation. "

I'm just asking because how would I know how much reserves we have to sell after a collapse, compared to the Soviets supply? Wouldn't that pretty much determine the condition of the average American and how many years the collapse might last?

Forgive my ignorance on this subject. (As well as a spacy head cold & lack of sleep, LOL)
 
I'm just asking because how would I know how much reserves we have to sell after a collapse, compared to the Soviets supply? Wouldn't that pretty much determine the condition of the average American and how many years the collapse might last?

Forgive my ignorance on this subject. (As well as a spacy head cold & lack of sleep, LOL)

We have a lot of NG, and that can be converted to liquid fuel too. Also, a lot of coal and oil shale, same with Canada plus tar sands and some oil.
 
Certain states would flourish, they are called flyover states and they produce the food. Montana would do very well. The east coast would spiral into violence, so would north eastern Illinois. Certain areas of california. I guess any place that is over populated by people that cannot feed themselves without jewell osco will do very poorly, places that have reasonable levels of a homogeneous population combined with the space and ability to cultivate crops (like montana) will actually do quite well.
 
So according to the article, soviet people were not affected by adverse conditions from the crash. That's because people who never had sh!t, can't lose sh!t.

Pretty much and on top of that , much more resiliant and accustomed to hardship , barter etc.
 
Can't say I'd loose sleep over some of the glass houses shattering around their inhabitants...
 
So according to the article, soviet people were not affected by adverse conditions from the crash. That's because people who never had sh!t, can't lose sh!t.

That all sounded a little too pro socialism to me.

I remember horror stories of food lines and cannibalism happening in Russia. It is hard to conceive a down turn going un-felt.

Then again maybe their down turn was a shift to the capitalistic type of socialism that we have. After all our shift to communism went unnoticed by most the masses until the stealth back door socialism sucked all of the life out of the capital, capitalism need to flourish.

Maybe they have been frogs in a pot of water slowly rising to a boil there also.



This lady came from a country that was part of the Soviet Block I believe. This is some of what she has to share.

MergingRussia.jpg
 
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That all sounded a little too pro socialism to me.

I remember horror stories of food lines and cannibalism happening in Russia. It is hard to conceive a down turn going un-felt.

Then again maybe their down turn was a shift to the capitalistic type of socialism that we have. After all our shift to communism went unnoticed by most the masses until the stealth back door socialism sucked all of the life out of the capital, capitalism need to flourish.

Maybe they have been frogs in a pot of water slowly rising to a boil there also.

This is exactly why I said it would look like an economic recovery--especially here in the 'flyover states', otherwise known as The Breadbasket of the World. If the government back on the Dirty Coast screw things up to the point where the transportation isn't working (which I doubt), guess what that means? It means more food for us.

Barter, old silver coinage coming out of the safes and the sock drawers, small business no longer afraid to hire because they don't have to worry about what bizarre crap the fedgov is going to dream up next to penalize them for employing people--this federal government is nothing more or less than a millstone around Flyover Country's neck. I sincerely believe that the biggest problem we'll face is massive immigration from third world hotspots like New Jersey and Connecticut.

The Soviets had seventy years of The Soviet System to remove them from capitalism, and had an adjustment period. Out here the pioneer spirit never died. The 'period of adjustment' will be the dawning of a new age for the American Pioneer Spirit. It will consist of horror over what's going on on the coasts, followed by a huge sigh of relief, followed by a bunch of sleeves being rolled up and traditional American life beginning anew.
 
Well said!


This is exactly why I said it would look like an economic recovery--especially here in the 'flyover states', otherwise known as The Breadbasket of the World. If the government back on the Dirty Coast screw things up to the point where the transportation isn't working (which I doubt), guess what that means? It means more food for us.

Barter, old silver coinage coming out of the safes and the sock drawers, small business no longer afraid to hire because they don't have to worry about what bizarre crap the fedgov is going to dream up next to penalize them for employing people--this federal government is nothing more or less than a millstone around Flyover Country's neck. I sincerely believe that the biggest problem we'll face is massive immigration from third world hotspots like New Jersey and Connecticut.

The Soviets had seventy years of The Soviet System to remove them from capitalism, and had an adjustment period. Out here the pioneer spirit never died. The 'period of adjustment' will be the dawning of a new age for the American Pioneer Spirit. It will consist of horror over what's going on on the coasts, followed by a huge sigh of relief, followed by a bunch of sleeves being rolled up and traditional American life beginning anew.
 
The US won't collapse, IMO, it will decay. Why do I think that, because we aren't anything like the soviet union. Literally the whole world relies on the US Dollar and / or us imports. In terms of the US percentage of global GDP, we've been in gradual decline for over a decade, and that is how it will continue. The difference is if we really collapsed, china would collapse, japan would collapse, all of europe would collapse. None of them want that, so china will keep buying our bonds, if something happens, bailouts will go in whatever direction necessary to keep the train going for the time it takes for this global power transition to take place, as in it is very unlikely the us will be "ALLOWED" to collapse for 20 years or longer, as China can't consume at the rate required to keep it's production engine going , and they also aren't as advanced as the US economy which is mostly service industry, so they are a slave to the model for the time being.

They will rise slowly and we won't rise as fast as them, so the effect is we get weaker, they get stronger, of course, this will be masked in large part by advances in technology that will soften the impact of our "relative" decline in power.

Now, some crazy stuff could happen like a nuclear bomb detonating in LA or something that just makes it impossible to maintain the system, but I'm viewing it from the perspective of "normalcy" and projecting from the decline we have already experienced. It should take about 20 years (Guesstimate), before other parties feel comfortable without us. Contrary to popular belief countries like China need us to consume for now anyway. They won't be dancing in the streets if we fall tomorrow, they'd have riots, as that is what happened in 2008 when tons of factories shut down over there, because we stopped importing.

IMO.
 
Want to know what it will look like? Look out your window.

This!

People, we are in an economic collapse. It is here. It is happening now. There won't be some cataclysmic event that will happen where everyone will all of the sudden be like, "Ooops. I guess we were wrong. The economy has collapsed. Better start bartering for food." There may be several minor events that happen, but your media will elide over the severity. Rome didn't fall in a day.

So what will it look like? High long-term unemployment. High inflation. Your money will buy less and less. Borrowing will become more difficult. Interest rates will rise (This one hasn't happened yet, thanks to the Fed. But eventually, they'll have to allow them to rise in order to spur lending.) Many people will just give up and become more and more dependent on government. Those who hang on to their prosperity the longest will have more and more of it taken away in order to pay for those that gave up. The police state will become more aggressive, and there will be incidents of people rebelling against it. Those people will be lambasted in the media and public opinion. Our influence abroad will be less and less respected. Our enemies will be enraged by our aggression and emboldened by our moral weakness. Our government will build more weapons to quell the uprisings at home and abroad and to continue the vain attempt to keep the populace employed.

So you ask what it will look like? Like Damian said, "Look out your window."
 
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