(2-8-10) What does "global economic collapse" really mean?

In other words, what is the planet going to like in an economically collapsed environment?

This is something that most people do not understand and here's why it's important to be prepared

It all depends on what economic phenomenon caused the collapse to occur. The popularly held concept among the unwashed is that global economic collapse will occur late in this decade after an inflationary spiral, which leads to a hyperinflationary spiral, which then leads to a collapse.

This scenario will NOT occur as the IMF accurately points out. Why? Because the economies of the G-20 nation states can not produce enough Gross Domestic Product (GDP) to increase consumption sufficiently for a consumption-led speculative bubble to occur, leading to an economic collapse upon the deflation of that bubble.

The most likely scenario is that global economic collapse will be caused by the same thing that caused the collapse of the 1930s, i.