In these trying times, it's important to be aware of the risks that come with an Economic Collapse. Though many people view this as a far-fetched idea, history has shown us that it's not only possible, but also likely. So what would happen if our economy collapsed?Well, for starters, prices would skyrocket as demand outstrips supply. Unemployment would soar and poverty rates would increase dramatically. The government would be unable to provide essential services or fund social welfare programs. Infrastructure could crumble and basic necessities like food and water could become scarce. In short, an economic collapse is a complete disaster for both individuals and society as a whole.So what can we do to prevent this from happening? Unfortunately, there's no one easy answer. We need to invest in our economy by supporting small businesses and creating jobs; we need to reduce our debt levels; and we need to reform our financial systems so they're more stable in the future. If we don't take these steps now, then there's a very real risk of experiencing an economic collapse in the near future.The economic collapse of 2008 was a significant event in the United States. It started with the subprime mortgage crisis and affected other countries around the world. Unlike previous financial downturns, this one was caused by multiple factors. It was partly brought on by decreased interest rates and a huge growth in the number of subprime mortgages. This led to a significant increase in the amount of money people owed on their homes. The bubble burst in 2007, but the impact was felt worldwide in 2008, as stock exchanges closed around the world and businesses went bankrupt.The United States was not alone in feeling the effects of the economic collapse. Stock markets around the world took a nosedive, and many countries had to face a recession. It has been estimated that at least 43 million people have lost their jobs since 2008. The unemployment rate in the United States is currently at 7.3%. According to the International Monetary Fund, there has been a recession in 17 different countries since 2008. Many experts predict we are headed for a second economic collapse. Here are just a few of the reasons why: The National Debt: The National Debt is growing by leaps and bounds each year. At the end of 2012, it was $16 trillion dollars. That is roughly equal to GDP, and our GDP growth is not keeping pace with the growth of the National Debt.
