In the 2008 crash we were about eight hours away from a Greek situation, where the cash machines would do nothing, except decline your request. The
banks we were told were to big to fail, if they had failed we would have had Marshal law . I came across this very interesting piece, which might very
well suggest, that in the case of a true bank collapse back in 2008 the government decided it was not ready to lock down the country. However in the
years after it appears that the Government has actually upped its game to a point where in the face of an economic Calamity it has all the powers
available to invoke Marshal law. This has information from a German Bank employee, that says that in the event of financial collapse, Marshal law
will have certain signatures preceding it. One is that they will close the teller machines down for the weekend on a Friday, and say its just a
tempopy measure to remove a computer virus, but on Monday you will wake up to a different world.
Now remember a lot of Bankers have been dying lately, remember their are cash controls, for this to work it would mean a ban on cash, and would
require total reliance on teller machines. But you can bet your bottom dollar this scenario would have been visualised, in such an
eventuality.
So let's i heed the 3 day warning and snag $300-$600 or even $1,000 from the ATM. Big deal, now what. In the frame of a banking collapse that kind
of money is meaningless.
For that matter in a banking collapse I think paper money would be worthless.
^
I remember that video going viral when it first came out a few years ago. What I disagree with
1) Everything happening over the course of a day (things will be spread out over a few weeks)
2) China won't announce that they are done with American debt. They will sell it off piece by piece until it is all gone. No sense deflating what you
hold. This is the thing I keep my eye on personally.
2) People panic buying. The vast majority of people worldwide have no clue how fragile the economic system really is. I don't know the percentage but
most will not know something is wrong until they can't get money. And even then the media will play it down as being "temporary".