Economic collapse is not a sudden event but a process.

Historically, like the 1929 stock market crash that led to the Great Depression, numerous warning signs were ignored.

After the crash, many establishment economists downplayed the danger, falsely assuring that recovery was imminent, a pattern that mirrors the Federal Reserve's current actions of raising interest rates in economic weakness.

Mainstream experts often fail to recognize or acknowledge impending collapses, dismissing evidence and relying on personal experiences that catastrophe is unlikely.

Currently, we face a stagflationary phase similar to the 1970s, where economic conditions worsened gradually until they became intolerable.

People often normalize declining economic conditions, considering them the "new normal," and label those warning of collapse as alarmists.

As the situation deteriorates, public denial turns into acceptance, often progressing through stages.

Initially, people believe they are unaffected, then they argue that previous collapse warnings were exaggerated. When the instability becomes undeniable, they claim it will be short-lived.

Eventually, they argue that no one could have foreseen the crisis, and finally, they pretend they always knew it was coming.

This denial cycle hampers their ability to prepare effectively for the unfolding economic calamity.