Global/National Financial Crisis
Since 2008 most Americans have been affected by the “great recession”. Unemployment has soared, housing prices dropped more than the great depression, bankruptcies surging, business failings and governments having deficit crisis.
You may be one experiencing very hard times and could consider yourself in or on the fringe of a level one crisis where you have a shortage or cash and food.
Though this has been tough for many this is not the global financial crisis that is being defined here. This has been just a little taste of what may come.
A national or global financial crisis would occur when the monetary system collapses on a national or multi-national level. At that time any money you have may be worthless and you won’t be able to purchase food or other necessities if you were to find them available.
Any transfer of assets will be via barter, other exchange, or gold.
This is very likely to occur. If there was a run on the banks our national monetary system would collapse. If congress doesn’t get our deficit spending in control we could see hyper-inflation resulting in either a collapse or worthless paper money.
A look at the National Debt Clock shows how much debt our nation and individuals are racking up. To continue on this path is a recipe for a financial disaster just waiting to happen. It’s not really a matter of if but a matter of when.
This would result in a level 4 or 5 event.
The possibilities here should be taken into consideration when developing your Emergency Preparedness Plan.