America An Economic Disaster Zone

America An Economic Disaster Zone

If the U.S. economy were to collapse, it would happen quickly. No one would predict it. The surprise factor is, itself, one of the causes of a collapse. The signs of imminent failure are difficult for most people to see.

Most recently, the U.S. economy almost collapsed on September 16, 2008. That's the day the Reserve Primary Fund “broke the buck”—the value of the fund’s holdings dropped below $1 per share.1 Panicked investors withdrew billions from money market accounts where businesses keep cash to fund day-to-day operations.2 If withdrawals had gone on for even a week, and if the Fed and the U.S. government had not stepped in to shore up the financial sector, the entire economy would likely have ground to a halt.
Trucks would have stopped rolling, grocery stores would have run out of food, and businesses would have been forced to shut down. That's how close the U.S. economy came to a real collapse—and how vulnerable it is to another one.
Will the U.S Economy Collapse?

America An Economic Disaster Zone