There is no precise definition of an economic collapse. While some might consider a a severe, prolonged depression with high bankruptcy rates and high unemployment an economic collapse, others would additionally look for a breakdown in normal commerce, such as hyperinfalation, or even a sharp increase in the death rate and perhaps even a decline in population. Often economic collapse is accompanied by social chaos, civil unrest and sometimes a breakdown of law and order.
Yesterday, after reading that over 1.5 million guns were sold in the USA in December, I commented to FrogDad, “I hope people are buying food to go with those guns.”
My fear is that they all are thinking that there are Preppers out there, they’ll just take what they need.
Thanks for the article.