Originally posted by chrismarco
reply to post by MRuss
Sorry 2012 means a reset of a calendar...nothing bad is going to happen any worse than what is going on today...and if it did hit the
crapper...planning is only going to take you so far for x amount of day...
Okay, I'll bite
It is widely known that Greece will default on its debts. Economists all over the world are now stating it. Governments around the world are preparing
At the very least, this will mean Greece exiting from the €. It's very likely that politicians will fight until the end to stop Greece from
defaulting, meaning the austerity on the people there will increase. We've already seen massive protests in the county, and I really wouldn't be
surprised to see the government fall in 2012.
When Greece leaves the €, the contagion and uncertainty about other EU nations in a similar position (Spain, France, Italy, Ireland) has the
potential to cause a panic in the markets and likely send us into another global recession, before the first is over. It could genuinely cause a crash
of the global markets the likes of which we have never seen.
Other nations already struggling with their debts have hardly begun their austerity measures, and once Greece does default, who would be buying
government bonds issued by other bailed-out nations?
We can't predict what's going to happen, because there have already been impressive schemes by those in power to prop up the failing banks and
governments by papering over the cracks. But we can prepare for the most likely outcomes. And right now, the most likely scenario is a Greek default,
followed by a deepening collapse of the global banking system and markets.
That event in and of itself is, in my opinion, dangerous to all of us beyond loosing a pension or paying more for fuel.
Of course, this is without considering the ramifications of Iran successfully closing the Straight of Hormuz, or even a war in the region without a
successful closing. The Straight allows the transport of 20% of the GLOBAL oil trade. Imagine the prices of fuel when 20% of the supply is immediately
cut off, or even restricted.
OP, you're spot on in my opinion. The priority should be to leave urban areas. I always say that, and that is the first action in my plan.
I would say that self-sufficiency in food production is also a priority. One thing that a hell of a lot of people forget when it comes to these
scenarios is that the average store only has three days of stock during normal trading conditions. In a panic buy situation those shelves will be
empty within a day. When it comes to a large scale crisis affecting a larger area (such as a global financial collapse) every industry will be
affected. Many large companies depend on regular trade and daily banking to operate, and without either traffic will halt. Once that store is empty
after that first day, where's the next load of stock coming from? Will that store even open again after being looted?
When a flood hits, it hits a localized area, the waters recede and things get back to normal, often within a couple of weeks at most. When a hurricane
hits, it again causes localized disruption, you can still get supplies from the next town or city. When a global economic crisis hits, it hits
everything at once, everywhere, and will take years to recover from.
It's not enough, in my opinion, to plan to shop somewhere cheaper. I'll be stocking up with 3 - 6 months of supplies and planting from day-one.
I love your thinking on the process and what you're doing. You've clearly thought about it all with a common sense attitude and intelligent
planning. This is what we should all be doing.
If nothing happens and they somehow find a miracle solution to the trillions of $'s of imaginary money floating around the world, great, we've lost
nothing. But if they don't find a solution (as they still haven't after almost five years) we're prepared for it while millions of others fight
amongst themselves for the last loaf of $100 bread.