reply to post by WhoKnows100
There are things we can predict if we think about the connections.
When the € collapses, almost all European banks will either see a run or they'll close their doors. In the USA they'll declare a bank holiday, but
this won't help the markets. Most banking institutions will completely collapse over night because of their exposure to debt.
Over 90% of the population will be left without access to cash.
Stock markets around the world will likely crash within hours as people fear the spread of the collapse. This will cause a domino effect as people
pull their money from the markets. Lines will form outside surviving banks and they'll close one by one.
Leaders will make announcements that the majority of the people will ignore. Why trust them when they've failed so catastrophically so far?
The average store has three days worth of stock, at a normal trading level. In a panic buy situation most stores will run out within a day. The supply
chain will break down as businesses fail due to being without access to their own funds. Failure of trust between businesses will end almost all
trade. The staff needed to run the supply line will be in the same position as everyone else and will not be doing their jobs.
Because all ATM's and card payment systems are shut down the panic buying will become looting. All stores will be empty within 48 hours.
Gangs will start targeting distribution centers if forces have not been deployed to protect them.
Police will be outnumbered, they can't deal with the looting, the robberies, the riots and the fuel panic buying. Mindless people take advantage of
the chaos and food runs become smash and grabs for anything and everything. The numbers of people protesting and rioting in the major cities becomes
out of control and we see a repeat of the UK August riots or the LA riots, but it spreads around the world.
Local authorities are ousted as the people take control of their own towns and cities, seeing their elected fail to cope. Militias and gangs form to
patrol the streets and secure regional resources.
There's plenty more that can be predicted. And while various governments have plans to deal with these things, most of those plans are likely to
focus almost exclusively on the capital cities and infrastructure of the country. They won't care about, or be able to deal with, the massive chaos
across the country.
It's likely that most countries with the € right now are making sure they have a secondary currency ready to replace it. This isn't the same in
the UK or USA.
I've said it before, but the people here on ATS are in a far better position, because we are aware. The moment we see the first European bank close,
or the first market starting to slide, we can get out and get planning before the collapse spreads. Most people have absolutely no clue, and we can be
sat at home surrounded by our 3 month supply of whatever we need watching it all happen on TV before most of the population have even caught on.
The only difficulty we have is deciding when that moment happens. What triggers the collapse? Personally, I would wait until I see a bank publicly
fold, a market start to fall and the first report of a run starting on a bank in Europe. That's probably when I'll be getting my money out and