One of the common questions posted on the forum is when will SHTF. When is something big going to happen?
Rather than a turd hitting a fan, what if I told you it was more like diarrhea hitting the fan? In the past 40 years we have faced 2 economic downturns that have had profound long term effects. The effects have been so slow that they ave gone unnoticed. Unnoticed that is until you look at the big picture.
Economic Downturn #1. Nixon took us off the gold standard, which caused rapid inflation.
For the most part people have no idea what the true value of their paper money is, as we have no tangible item to compare the value of paper money to.
Taking the U.S. off the gold standard has also allowed the Federal Reserve to print money out of thin air, which has also contributed to inflation.
Economic Downturn #2. Losing our shipyards in the 1980s, and the free trade acts of the 1990s. For the sake of discussion job loss will be combined into one category.