Using the criteria you have laid out here and in some of the later comments, I would say it is exceedingly unlikely. Localized temporary SHTF situations are always possible. But a massive long term break down in societal order, rule of law, no government, collapse in basic services and means of production? No. I think it is so unlikely I am not worrying about it, and I tend to worry about a lot of crazy things.clacy wrote: I'm curious who here believes there will be a SHTF scenario during their lifetime. For those that don't know, the acronym stands for Sh*t Hits The Fan.
Obviously there are varying levels of SHTF scenarios that could happen, and for many different reasons.
For the purposes of this poll, do you believe there will be WIDESPREAD, significant societal/economic/monetary/technological collapse, where your own food, ammo, water, etc would be required for survival. Since there are so many varying levels of SHTF, please include a quick description of how significant it would be, the duration of such an event before a return to normal. And whether you are prepared for such a scenario.
My guess is there are a lot on this board that do believe this will happen, or at least more than the average investor site. If you've gravitated towards the PP, you probably don't accept that stocks will ALWAYS go up, and that standards of living only go in one direction.
Why is it so unlikely? Because power abhors a vacuum. A short term temporary emergency could certainly occur. But we are not going to revert to the Dark Ages absent some sort of apocalyptic event. People are not just going to decide to stop making things or running power plants. And if a government collapses another steps in fairly quickly.
Are there some places where this has happened? Yes, in smaller underdeveloped countries. But I cannot recall it occurring in any large industrialized nation state in modern history. Even during the worst of two world wars we did not experience the SHTF scenario described above. Things were tough in the the war devastated nations. But there was little in the breakdown of order even if there were disruptions in many public services. There was rationing but food was distributed. When Hitler shot himself the Allies quickly took over running Germany. Ditto Japan after they surrendered. German society did not breakdown during the hyperinflation of the early 20's.
A major pandemic, think modern day Black Death, could do it. And of course if someone actually pushes the button and we start incinerating whole cities by the dozen then all bets are off. Otherwise I'd say the answer is a pretty firm no. Human nature is not such that we are going to all just regress to the law of the jungle with everyone for himself for any length of time. That is the realm of Hollywood fantasy films.