You don’t have t0 be a doomsayer or a survivalist to worry about the American economy collapsing.
If you can read, you can be worried. You should be worried. A look around the globe shows you why, look at Iceland, Greece and Portugal for a couple answers.
Could you survive or are you prepared to survive if the US economy collapses? An economic collapse is a very real danger that many people just don’t want to face up to.
The American budget deficit as a percentage of our GDP is projected at 10.64% this year after coming in at 9.91% last year. Greece had a 12.7% rate and they collapsed completely.
Greece has riots in the streets over proposed cuts in services, services they simply can’t pay for.
Portugal is at 9.3% and they are close to collapse and cutting every social service including welfare and medical coverage for the next four or five years.