Black and white image of a traditional bank with pillars at the entrance

Economic crash coming

category: Business

As the world slowly recovers from the pandemic, we enter a new dilemma, a new challenge. Financial collapse is a very real possibility and it's important to be aware of what's happening in the world of economics and business.

Banks collapse

We've all seen the headlines relating to banks collapsing and buyouts.

On the 10th of March 2023, Silicon Valley Bank collapsed. A few days before the collapse the bank attempted to cash out bonds in an attempt to pay its depositors. Finally, a run on the bank due to panic (it's as bad as it sounds), caused the bank to go into meltdown.

On the 12th of March, Signature Bank was shut down due to a run by its customers. (the word was obviously spreading and people were starting to get worried)

By the 15th of March, Credit Suisse saw a loss of approximately 30% of its shares. The second-largest bank in Switzerland got shaken to its core, and customer confidence appeared to play a main role in the decline. As a result Switzerland’s largest bank, UBS, bought Credit Suisse as part of an emergency deal to alleviate the decline in customer confidence and hopefully halt the collapse of Credit Suisse.

On the 1st of May 2023, First Republic was closed and sold to JPMorgan Chase

To date, we have yet to see if other banks around the globe will follow the same path. 

News paper showing financial markets

What about our governments?

Many people are left wondering if an economic crash is coming and if the government is hiding it from the public.

The truth is, economic crashes are a natural part of the business cycle, and while for the vast majority, they can be painful and devastating, for many, they are not necessarily something to fear. However, many people are concerned that the government is not being transparent about the state of the economy and that a crash may be imminent.

It's true that governments often downplay economic concerns in order to avoid panic and maintain stability. Governments typically have access to a wide range of economic data, and an argument may well be, it can take time to sort through the information to determine the best course of action.

With that in mind, it's important to stay informed about the state of the economy and be prepared for the possibility of an economic crash.

Girl holding up a map in the street

What does this mean?

This means keeping a close eye on economic indicators such as GDP, employment rates, and inflation, as well as staying up to date on any major economic policy changes.

In real terms, watch financial news, read business and finance online articles and watch online youtube videos to provide you with a good sense of what is currently happening to the economy. 

By doing these things you will provide yourself with a broader perspective of what is coming and how best to prepare. After all, the old saying goes . . . "Those who are forewarned are forearmed." If you know what's coming, you will be more prepared.

It's also worth considering how an economic crash could affect your personal finances and taking steps to protect yourself. This might include paying off debt if you are in a position to do so, building an emergency fund, and investing in assets that are likely to hold their value during tough economic times.

There are others willing to provide help and advice

Here are a few resources that may provide you with a good source of relevant information. There are countless other resources on the internet to choose from, these are a small selection. 


  • Maneco64Home of alternative economics and contrarian views. A reliable, well-grounded source for information and advice on a daily basis. 
  • Real Vision - Understand the complex world of finance, business & the global economy with real in-depth analysis from real experts.
  • Bloomberg Global - live coverage of the markets open and close, plus everything you need to know across business, finance, technology, and politics daily. 


  • Raoul Pal - Trying to figure things out at the nexus of Macro, Web3 and the Exponential Age
  • Ark Invest - Investment advisor focused solely on disruptive innovation.
  • Business Insider What you want to know about business.

While it's understandable to be concerned about the state of the economy, it's important to stay calm and informed. Governments may not always be forthcoming with economic data, but that doesn't mean you can't do your own research. By staying up to date on economic indicators and preparing for the worst, we can all be better equipped to weather any economic storms that may come our way.


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