Is There Any Safe Haven In The Event of a Global Economic Collapse?
If there is a global economic collapse (GEC), it will certainly hit the USA hard. Is there a safe haven? The short answer is no, but you can reduce the impact if you take action in advance of the collapse. Unfortunately there is no completely safe place on earth to avoid the effects of a GEC but all things are relative. The key is to reduce risk. The USA is likely to suffer more extreme effects of a GEC than most of the rest of the world. There are several reasons for this, but first of all is that we have such a long way to fall. Americans enjoy a standard of living that is the envy of the world. Another reason is the amount of debt already accumulated and the need of the USA to continue to finance the massive American deficit by selling more debt internationally. In a GEC it will not be as easy for America to find buyers for their debt as it is now. The current flood of foreign money flowing into the USA buying American debt (Treasury bonds and notes) will dry up. Businesses will be
