An Economic Collapse: What does it mean & what’s it really like?

What do you think? Agree, disagree?

Comments

  1. This is a situation that I constantly try to put myself into mentally. I look at things I use, where it comes from, and can I live without it? Is is locally available? What can I make for myself and what will I have to trade for? What will I trade with? When will open trade be safe?

    So much to ponder……

    • JP I hear you that’s why living in a small town is so critical in my opinion do I know everybody that’s lives here no. But I know 75% on a first name basis. I know who deals fair and who doesn’t, Most importantly I know who I have to fear and who I do not! It’s not a complete answer but it makes it easier to trade and make deals in lean times. I am well known as a good man (at least I like to think so) and have skills useful to trade, I have never taken advantage of anyone and often am probably too kind when doing work for those I know can’t afford more, that’s a decision I made and while fiscally irresponsible I feel it has it’s own rewards. I would gather from reading your post’s you are a man of similar scruples and should have little trouble in a slow spiral to economic devastation, while bad times bring out the worst we can only try and be the best as an example. That being said anyone tries to break down my door I will blow your ass to hell and give you 1 extra for the devil on your way thru!

      • hvaczach:

        I will assist those who ask for advise. I will help those who can’t. I won’t help those who laugh and scoff. I will kill those that intend me/mine harm. And in all cases sleep well at night as I have already made my peace over these decisions.

        That pretty well sums it up.

  2. A must see. I read his book. Yes, it can happen here. He showed the best in people and the worst in people.

    • paatientmomma says:

      what is the name of the book?

      • MerryMouse says:

        “The Modern Survival Manual–Surviving the Economic Collapse” by Fernando “FerFal” Aguirre. The best book I ever read on what is coming! Well, aside from Revelations! He also has a very worthwhile blog: http://ferfal.blogspot.com/

      • MerryMouse says:

        Well, I just went to his website and started listening to his OTHER video and maybe I should rescind my recommendation of his book. He sounds like he’s kind of off into political diatribes and not just talking about surviving an economic collapse. His book was an interesting read, however, and provided useful information. It’s called The Modern Survival Handbook.
        But perhaps he’s not the same fellow he used to be. Word of warning.

  3. I must agree with this fellow. There is no profit to be had by putting us all in refuge camps. We must work, spend and consume to keep feeding the 1 Precent.

    • PrepperDoc says:

      Such a shame. I have from time to time hit the “1 %” mark (as I slip toward retirement I’m slipping lower of course). I see patient after patient who, through poor choices in life, has “been rode hard and put up wet!” Sad folks with all the ravages of alcohol (liver / heart failure) and tobacco (cancers of all kinds) and disability SSDI (unproductive lifestyle, loss of self-esteem) and excessive eating (I’m fat, but not nearly like these folks!!). They eat, work, get sick, get free healthcare (at your and my expense) and they die. Obama puts in his healthcare– and I have virtually a guaranteed job for as long as I want. I’m not sure it is folks like me that you should resent, it might be the Political Class who engineers all this….I’m just a working stiff who takes care of the folks who come for medical care…..

      I strongly suggest everyone read “The Millionaire Next Door” because the 1% are not exactly who most people think they are….they are the scrap metal dealers, the dry cleaner owners, the entrepreneurs.

  4. Seasoned_Citizen says:

    Fernando FAL speaks TRUTH.

    LISTEN.TO.HIM.

  5. 19Pinky67 says:

    I think he has hit on several key points that many people fail to realize or recognize on their own. Definitely food for thought.

  6. Any populace could experience the things that FERFAL speaks. While it was a long recoup time that got me aligned with prepping, I feel the need to continue because of this and other global/national current events.

    I do wish we had more news like this coming from the Ukraine so we could really compare notes. I think the experiences are quite similar from what I have read.

  7. I would agree about 90% . Each co laps is different depending on the people and their outlook. Years ago a friend that was a missionary to Mexico showed me a shot of the dump in Mexico City. There were kids sorting threw the refuse to get any rag Orr metal that they could sale. He said that was what 100% employment looked like.

  8. Hooligan6 says:

    I missed the part where he mentioned his PhD in economics, but I did hear him extolling the virtues of Socialism, aka “wealth redistribution”. I am middle class, I am NOT brainwashed by the media, and if you buy this crap in sure I have a bridge you can also buy, cheap.

    It’s the Argentinean rush toward Socialism that began their economic downturn, as they raised taxes to pay for benefits for the less well-off. Then it became easier to collect benefits than to work.

    Let Ferfall redistribute the wealth he makes from his book. Don’t try to redistribute MY wealth.

    • Chuck Findlay says:

      (I missed the part where he mentioned his PhD in economics)

      People have been educating themselves long before Harvard came along.

      His PHD was earned by living through and coping with an economic collapse.

      You, me, MD or even the great JWR has not lived through a counties economic collapse so while you take pot-shots at FerFal, it would be will worth the time to consider his experience and viewpoints on this because he has done something very few of us have done, and that is live through just what many people think could befall the USA. Is FerFal right all the time? Nope, but he still has good info to pass on if you have an open mind.

      PS: The world is full of people with a PhD in economics, and they are the ones causing the problem. Many of them went from high school to collage to a job as an economics expert and never had a real job. Trust them at your own risk.

      • Hooligan6 says:

        Chuck, I am not trying to be combative here, but you do not know what I have lived through, or where. I have spent decades living outside of the United States, in Europe, Asia (including the Middle East). I have seen poverty. And I AM educated, not from Harvard, but I have a Masters in Business.

        I am not taking pot shots at FerFal, I am saying that I disagree with his Socialist approach. He may have a lot to offer and share, but I say again, let him share what is his, not what is mine.

        George

        • Chuck Findlay says:

          This is my last go around on this.

          You said (I missed the part where he mentioned his PhD in economics)

          He never said he had one or implied he had one. All I said in my response is that you can be self taught and that it’s just as good of a learning process as the person going to a business school. And many times it’s better as it’s based on real life things, not a professor who may or more likely may not have ever had to deal with a real-world job. As many of them go from high school, to collage to a teaching job. Many times the only real job a professor ever has was flipping burgers. And that is not much of an experience builder.

          You, not anyone else took him to task on not going to business school and getting a degree it seems you respect, and at the same time you don’t seem to respect a real-life learning process or else you would not have felt the need to point it out.

          PS: I was not attacking you on your personal experiences, I was taking you to task for berating FerFal for his personal experiences.

    • Hooligan6 (or George, whichever you prefer),

      I think you misunderstand the points that FerFal was trying to make when he brought talk of socialism into his video. Admittedly, his grasp of English I think made it difficult to enunciate his point (I have a Latino parent so I know how that can be). He was NOT extolling socialism, but rather telling what the problem with socialism is (only a few on top, no middle class, and a lot of poverty). Furthermore, he was saying how that WAS a recipe for economic collapse. Moreover, he was likening that experience with socialism to American socio-economics today, using the minimum wage issue as an example and trying to illustrate how that issue is a microcosm of the logic that ultimately brings about collapse. He tried to illustrate further how close we are to collapse and his experience with socialism by explaining how the elites have inculcated social engineering in all levels of society with certain “hot button” socio-economic issues (like minimum wage) to help society unconsciously push for a societal state that will ultimately be advantageous for the elites.

  9. Draq Wraith says:

    I always have personal economic crisis. Never seen a stable job yet.
    So to me its just more the same.

    • Chuck Findlay says:

      (I always have personal economic crisis. Never seen a stable job yet.
      So to me its just more the same.)

      If I wanted to take a dim view of my life I could describe my life the same way. Other then a few months in a machine shop, I have not worked what most people would call a “regular job” for something like 18-years. I took the machine shop job because I knew it was only a 6-months job because a big order came in and I really wanted to learn a lot more about metal work. But at the end of it I was ready to quit. The time clock is truly an evil thing and I got to hate it in a short time.

      But I choose to look at my life of no stable job as freedom, freedom to take time off, freedom to not work for someone I don’t like, freedom to not do a job I don’t like doing. If I want to work harder or want more money I just schedule more work, right now I’m not returning some calls because I’m busy and don’t need it

      For work I have been self employed doing a lot of jobs and I generally don’t know what I’m going to be doing 2-weeks from now. I have always been able to find work when I wanted it. I did carpet cleaning for years, I do handyman work and both of them are seasonal and by most people’s opinion not a good job. But if work slows down (I wish it would) I print a flyer and go deliver it to my intended customer and the phone starts ringing.

      I have friends that can’t understand how I live like I do when I never know when the next job is going to come up. But then I can’t understand how they can do the exact same thing every day, 6-days a week for years on end. I would go nuts.

      But I notice my friends with the (supposed) good jobs driving new autos, all the newest electronics, a big house, vacations to warm places in the winter. And also NO CASH on hand at all.

      I have old autos (2001 $2002) that run and look good, I have a smaller house and a safe in the bedroom with 4-inches of silver in it and a shelf with lots 20-dollar bills on it. They don’t know about the silver and cash, but to them I look I look to be having perpetual bad times and I would never try to change their thinking.

      If we do get bad SHTF times I have no concern at all as far as my money making ability as I can fix anything (it’s what I have done for years) But my well-off friends that have normal jobs may have a hard time as a lot of them are going to go away. And with no idea how the real (underground) economy works they will be hard pressed to survive.

      For me it will be just about the same as far as income and work goes.

      PS: Living the life I do it’s important to not have any debt at all, debt ties you to the time clock and makes you a wage slave. Debt is what makes people go to a job they hate every day. I have zero debt and love the work I do. And it just so happens that my zero debt, pay-as-you-go lifestyle makes for a good SHTF planning.

      • I hear you there Chuck! Going off of that, I think that “modern society” is the biggest reason that an economic collapse will be so devastating. Modern society has conditioned most people to think that they need “a job” to obtain the income that they “need” to meet the needs that they have to survive. As such, most people will suffer because there are no (or very few) jobs instead of them looking to becoming (or learning to become) self-sufficient to meet those needs.

        That goes without saying that I am currently sort of one of those people. I know what I need to do to become self-sufficient and I know what I want to do to provide for myself in lieu of a job; I just can’t find exactly where I can get off of the modern society train.

  10. Good video for awareness in post-economic collapse. The correlations he made between poverty and obesity were most striking to me; I don’t know why because I see proof-positive of it every day. I’m a little bit surprised that he didn’t give more attention to people who were already self-sustainable and what their interaction with society at-large would be like.

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