Will an Economic Collapse Kill You?

It may or may not sound likely to you, but the economy is on the brink of collapse. The stock market is riding a sled down a steep hill. The United States government is spending money faster than it can print it.

opinRight now the government is passing bills and proposals that will give trillions of dollars to failing companies and bankrupt manufacturers. They believe that by giving these companies resources to invest and expand, the economy will expand. The problem with this plan is that the same companies that are recieving billions of dollars in aid aren’t prepared to handle this money better than they used capitol in the past. Chances are these companies still have the same investors and management that they did pre-bailout, so who’s to say that they won’t make the same mistakes they’ve made in the past? The most likely thing to happen, is that these companies are going to spend this money the same way they have in the past and that these companies are going to go bankrupt, again. These companies are the lynchpin of the economy, such as major insurance providers, banks, investment firms, manufacturers, etc. If these companies or firms were to collapse, the economy would be falling down the same pit as these companies. Not just the United States economy, because the U.S. is a major trade partner in this world, and most other countries are dependent on the United States one way or another, a United States collapse would cause a domino effect on the worlds economy. If the United States economy failed, for example, we could see Iraq, Iran, and Russia fall with them, because all of their economies are reliant off the selling of oil. Then the nations who are reliant on their economies would fail, etc.

Now its time to look at the consequences of a failing world economy. With five offical nations having nuclear weapons, and four more likely to have them there could be major consequences of another world war. The first thing that will happen after an economic collapse will be war over resources. The United States currency will become useless and will have no way of securing reserves. The United States has little to no capacity to produce oil, it is totatlly dependent on foreign oil. If the United States stopped getting foreign oil, the government would go to no ends to secure more, if there were a war with any other major power over oil, like Russia or China, these wars would most likely involve nuclear weapons. Once one nation launches a nuclear weapon, there would of course be retaliation, and with five or more countries with nuclear weapons there would most likely be a world nuclear war. The risk is so high that acting to save the economy is the most important issue facing us in the 21st century.