if a plausible event, however likely or unlikely, hasn't happened yet you have to ask why not.

Like...um, why people didn't ask on Saturday December the 6th why the Japanese haven't attacked Pearl Harbor yet?

After riding out two hurricanes I've gotta say life is better in the south with A/C even when said A/C is run off of a Generator and your 30 gallons of gas you had stored :-)
Not exactly LONG term preps but its stuff I keep on hand.

Along with the stuff to keep me fed and my stuff mine.

"Do you want to know what the US will look like if it falls 20 spaces down from the top of the economic ladder?"

Since the global economy is tangled up in the US economy, the world will take a financial nose dive as all that debt starts to deleverage. Looking at this chart : http://market-ticker.org/akcs-www?singlepost=2888624 we can see that the GDP is growing mostly because of Federal debt, the plan works as long as there are suckers willing to buy our debt. As soon as the music stops, the US won't fall 20 "spaces" down, it'll affect every nation to an unknown degree.

To restate, as long as the Fed can replace private credit deleveraging with it's own credit leveraging by borrowing enough to maintain this ratio, no US economy meltdown will occur. And if the US doesn't meltdown, neither will anyone else that is tied up with the US market. But that means the Fed will have to borrow infinitely, and I'm pretty sure that isn't possible.

"Just visit the UK or France because that’s what it will look like, they were both at the very top of the economic chain and now they have fallen about 20 levels."

Countries on the verge of economic collapse? Whose major cities are slowly being consumed by Islamic exclaves? Citizens unable to defend themselves against violent mobs of youths? England's rich cultural heritage is being destroyed by waves of immigrants with no desire to continue the English heritage, and this guy thinks that's just ok-doaky?

Look at England after their Empire collapsed. It's wasn't Max Mad time, but their world most certainly ended as they knew it before when the Sun didn't set on the British Empire. And the world's banking systems weren't tied to England like they are to the US.

"Lets say the US financially collapses 40 levels down the economic ladder, then it will be like Barbados, Saint Kitts and Nevis and Malta (all popular vacation spots)"

All propped up by first world tourist money. All of much smaller populations, economic activity and land mass. The comparison is invalid from the start.

Also, he keeps positioning TEOTWAWKI as complete and utter collapse of everything forever in the US. I call straw man on that one, there are various shades to a collapse, ranging from the Mycenaeans who ceased to exist, to the Eastern Roman Empire that kept going 1,000 years after the Western Empire fell.

Plus he's basically saying that one shouldn't buy insurance of any kind for ones house since the odds of one needing a specific type of insurance can be slim to none. It's not like my house is going to be washed away in a hurricane, so no need to buy earthquake or fire insurance, right?

Ugh, I could go on but this guy is wrong.

.....you guys have turf wars and shoot-outs between gangs, rampant crime in certain areas, and practically an invasion from the south...

Thankfully, these events are hardly standard fare in all our cities on a daily basis....yet.  Thankfully. 
The "invasion" from the south has been going on for 40 years atleast. 
But it's not "Mad Max" time here yet.