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Seems to me that a lot of people who are in debt want an economic collapse. They think it will rinse away their problems and they can recover. Same with our government; they kick the can down the road but probably aren't concerned about a coming economic collapse. Fools, all of them. When it happens, it will be hard and long.

I agree.

The one segment that even the most sober analysts cannot answer with complete clarity is: So, what will the banks, law enforcement, and governments do when tens upon tens of millions cannot pay their mortgage or car payments?

Do they forcibly evict tens of millions with a mortgage?

I am not sure what they will do. Even if you are debt free, the governments might still destroy you with the permanent "rent" on your land and home, known as "Property Taxes."

See this article:

http://www.onpointpreparedness.net/economic-collapse-a-debt-free-home-are-you-still-safe/

He also argues that he believe the first collapse will be deflationary, which will just about wipe out businesses and jobs. Then, hyperinflation on steroids will kick in, and then almost everyone except for the very elite be enslaved - completely.

Also, hyperinflation in past times was rapid, but was limited by how fast they could print the money and put it into circulation.

We are basically an electronic currency now - and in a matter of hours, or even minutes, hyperinflation can be ramped up to such a degree that it will bury most.

My best advice would be to stock food, water, essential medical supplies, and have backup sources (at least temporarily) of heat, light, and power.

Also, have some means to defend yourself and your family.

Some cash on had would be prudent. Credit cards and debit cards may not work, and in a real crash, won't.

Gold and silver are a hedge (as he mentions in the article), but they are only valuable (especially short term) if they are in demand.

I have been told by many individuals that in a prolonged (meaning many weeks or months) emergency situation, they will barter with gold or silver.

I am sure there will be a lot of that going on, but I would not be my life, or my family's life, on it. I cannot imagine the scenario of driving down to some black market parking lot and trading away silver coins or bits of gold from my friendly panicked citizens for food, water, or medical supplies. Can you?

I cannot imagine the scenario of driving down to some black market parking lot and trading away silver coins or bits of gold from my friendly panicked citizens for food, water, or medical supplies. Can you?

Excellent response, all of it. I have covered myself for most of your points. I have stockpiles of food, water, essential medical supplies, and backup sources of heat, light, and power. I have a generator capable of powering the entire house, and lots of gasoline on hand. Also solar panels and batteries. Survival rations for the family of four to last 6 months, and lots of water. Have weapons. Have tools and supplies to pretty much build anything I need, or to help neighbors. The one thing I don't have covered is growing food. I have some fruit trees, but didn't plant vegetables this year - but I can start if things go bad.

Problem is, how do you fend off gangs if they appear? That's where it's a good idea to have an alliance with neighbors. If you had to go to a black market parking lot and barter, It would be good to go with a bunch of armed neighbors as a group. I have a few I can count on. Still a scary thought though, as anything can go wrong. And some of those gangs could be comprised of government people! Gonna be real interesting times when the collapse happens.