Posted 22 May 2010 - 04:16 PM
Depends on the type of economic collapse, be it world wide or the collapse of the dollar.
If it is the dollar alone, you can expect the following.
Day 1: You'd see businesses shut down shop and send employees home. Zero action involving monetary transactions. The government would likely dispatch/alert National Guard folks in major metropolitan areas.
End of Day 1, early Day 2: Riots and panic induced raids on gas stations, supermarkets, and sporting goods stores.
End of week 1: By this time, most local law enforcement entities as well as a lot of the National Guard has been dismantled by resistance, and people pretty much doing as they please with no regard for any sort of law.
End of week 2: The power grid is probably down by now, and the lights are out. People who do nothing but eat every meal outside their home are now in full on panic mode. Even if they have some food at home, they have likely gone through it without taking future need into consideration. Neighborhood militias or gangs have formed by now. People not in the metropolitan area are now feeling the collapse more than previously.
End of week 3: Some businesses may have tried reopening by this point, using foreign currency or new local currencies. Some sort of order may have been restored to most areas, even though the threat of riots or raids has not and will not end. A barter system has emerged in the more civilized areas and is the primary source, aside from stealing, of gaining required resources in each community.
Day 30: In just one month, the greatest country ever has been dropped to the status of Mexico or parts of Central America, or worse. People have turned on each other. Crimes happen without punishment. People collapse under the pressure of not having the things we have now and treat as needs.
It won't be pretty, but it won't be the end of the world... if you're ready for it...