A post submitted by CGI member Dave68.

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Other than the obvious consequences, what might we expect from a partial economic collapse? A total collapse of the economy would throw the nation into utter chaos. But what if we endure an economic depression, or a severe and long-lasting downturn? I think that some of the effects are not so obvious.

1. The college and university system will collapse

As I explained in this previous post, the system of higher education is a house of cards. The cost of getting a college degree has risen sharply and steadily, while real income has remained relatively flat. The price rise is due to the easy availability of grants and loans for education. But with so many persons getting a college degree, its value in the marketplace has plummeted. Many college grads are out of work, or they are working in a job that does not require a degree. Eventually, this practice of paying more and more, for something that is worth less and less, will collapse the system. Colleges and universities will not have enough paying students, and professors will not agree to a drastic pay cut. Overhead expenses are far too high.

All that is needed is an economic collapse, or partial collapse, to topple this house of cards. Many universities and colleges will be forced by economics to shut down.

2. Agricultural yields will plummet

The current U.S. agricultural system is based on the expectation of high yields. But high yields are obtained by high inputs — all the things that go into growing the crop, including lots of fertilizer, perhaps irrigation, herbicides, pesticides, labor, machinery. Then those high yields are sold and the money is then used to fund the inputs for the next crop cycle.

An economic collapse will mean that farmers will not be able to afford all the inputs needed for high yields. And when yields fall, the amount of money from that crop will be less. Then the next crop cycle will have even less money for inputs, resulting in even lower yields. And the process will continue — lower yields, less money, lower inputs — until many farmers are out of business and a food crisis results.

Read the rest of the article BELOW:

https://prepper1cense.com/2024/04/29/7-unexpected-consequences-of-an-economic-crisis-that-will-throw-the-nation-into-tot