The financial crisis of 2007-08 is what got me into prepping. I had believed there were safeguards in place to make sure huge market crashes couldn’t happen, but the events of September 2008 made me realize that not only could the stock market crash, ordinary taxpayers would always end up footing the bill.
Most Americans have no clue just how fragile the economy actually is. They hear stories of economic collapse in distant countries, but that could never happen here, right? After all, the Federal Reserve stopped us from entering a second great depression, didn’t they? Time will tell.
I’m afraid all they did with the bailouts is kick the can down the road. Before long, we’ll be right back where we started and they’ll try to kick the can even further down the road. But how much more road is there? How much longer until the banks become too big to save?
And what happens then? The following article by Backdoor Survival answers this question