reply to post by rubbertramp
If you follow what intelligent people like Gerald Celente suggest will happen (and I do) then I fear the associated occurences more than the collapse
The entire bail-out scenario was designed to delay the inevitable. It's a staged collapse, designed to be spread out over a period of years, not over
But that doesn't stop me from worrying about what will happen at the flashpoints.
A major American Bank collapses (this is almost a certainty IMO). The Govt. cannot afford to bail it out (as I understand it, if they do try it it's
likely financial support from China will collapse, and the credit rating will have to be lowered drastically all around the world, making the $ truly
and obviously defunct).
They might announce that they are backing all deposits (but in theory they are simply assuring a sequence of numbers stays on a database, they don't
have any cash to give you).
The only option the Govt. has is to close all public financial outlets across the country.
If they don't take this step, the likely scenario is that this will cause many millions of people around the country to try to withdraw their cash.
We all know this is impossible due to fractional reserve banking.
So, even if the banks do stay open long enough to give the first 10% of crazed customers their money, there will be potentially millions of extremely
angry people on the streets.
Not only will that cause problems for that one bank, it'll pass to other banks, creating a successive "run".
In theory, the Govt. would close all banking systems (including the Casino of Wall St to prevent a complete and utter meltdown) and distribute the
numbers held by that defunct bank to other banks. But they can only do this if they have warning.
There is no reason to believe that a major bank would be very helpful in complying with government and providing such a warning. In addition, we all
know how outside forces might influence this situation for their own gain.
However this plays out, there would be millions of people in the USA wondering just how safe their money is.
If all the banks suddenly become unavailable to those who use them, chaos would ensue.
How this would play out in the UK is what concerns me. I have almost no doubt that this will start in the USA. You guys really do seem to be ahead of
the rest of us in the collapse, if only by a few weeks.
Because of the manner in which high street banks now have a seat at the international casino, any closure of US trading on a national scale would
likely cause ripples of similar action around the world.
Interestingly, Mr Celente has been forecasting for several months now that America will know once and for all that the $ is dead before the end of
this year. And I have to say that I think he's probably right.
If a major bank collapse is looming, knowing how the US Govt. is in bed with regulators and senior banking bods, it's likely that they'll simply
delay any collapse until after November (that's when you're playing your little election game isn't it?)
So i'll be ensuring that I'm taking out enough cash to last me a few weeks at a time. I'll also be stocking up on supplies - just in case.
Personally, I believe it'd have to get pretty bad for me to consider leaving my home. And I don't see that happening due to a bank collapse. I
don't live in a major city. If I lived in Central London I might think differently.
And living in New York or LA while this is going on will be much more dangerous than living in a small town in Ohio.
It's also interesting how you mention helping others.
The fact is, if it ever comes to a point where hundreds or thousands of people are invading your region looking for the very basics of Human survival,
all bets are off. That's the point at which you stop being a socially responsible citizen toward strangers and start recognising that your own
survival depends on your ability to protect what little you have for yourself and those you love.
Screw everyone else! If they don't have the foresight to prepare, it's natural selection and nothing more.
By all means be a good citizen while the climate is right, and toward those who have similar ambitions and a true grasp of the reality of the
situation, but none of us should be considering how we could possibly help a handful of people in a crowd of crazies who had no clue of what was
On a side note, I have been thinking recently of where the next crack would appear. For a while I have been trying to get my head around the Credit
It seems in 2008/9 Americans were paying off their credit cards like never before. But a new article shows that credit card companies have almost
doubled their efforts in snaring new (and old) customers through propositioning by mail.
Full Article Here
Credit-card issuers mailed 84.8 million offers of plastic to U.S. subprime borrowers in the first six months of this year, up from 43.7 million a year
earlier, estimates research firm Synovate.
Now, to me that suggests they are becoming desperate for new debters. Others might think that they are simply trying to take advantage of people who
find themselves in a desperate situation. But to me it shows they are prepared to take on incredible risk. Why would we think they haven't been so
irresponsible in the past?
That could be why they are so desperate for new customers, and going after only the extremely desperate.
Now, back into the collapse itself.
I don't expect we'll see a complete breakdown of services such as water and power, unless there is an event to cause it.
That's not so far-fetched as America loses dominance, and loses its ability to pay China. That could open a whole new can of worms that doesn't bear
thinking about. Still a while off in the distance though IMO.
But you'll still have regional governance to take care of the supplies of services. And if they can't meet that, you'll have regional groups of
citizens forming to sieze power (Militia?) to ensure the people get what they need.
All any of us need to do really is ensure we have enough to last a few days, and keep an eye on which way the wind is blowing.
The things that could sneak up on us are:
Bank collapse leading to civil unrest which will lead to you not wanting to leave your house and not being able to get food and supplies even if you
did - because of looting.
Union and public protests turning violent, resulting in the same.
A well-timed false flag attack.
A natural disaster.
These are all events that could be managed by us individually through just using our common sense and being prepared. We should be prepared in the way
of energy, food, water and security anyway. So nothing has really changed in the immediate preparations for an event.
In the long term, people should be preparing for the austerity measures to come by installing solar panels, installing water purification systems,
lowering their use of energy through adjusting lifestyle, reducing dependency on fuel, ripping up the lawn and replacing it with a garden that will
produce food, keeping chickens... Whatever they can do to cover self sustainability.
On the security and protection issues, installing an intruder alarm, buying a gun, joining community projects and arranging produce swaps, forming
local militias in the event of having to secure your street or town... they are aspects that will help any individual or family if (or when) things
really fall apart regionally, nationally or globally.
Wow, didn't know I had so much to say on it.