Economic Collapse is imminent. Finalize your preps now.

originally posted by: UnBreakable

originally posted by: six67seven

originally posted by: Gazrok
I'm not usually one to buy into doom and gloom

You shouldve stopped there.

The show must go on. There are plenty of bandaids left in the box. This correction will not lead to the shtf scenario like many choose to believe.

Sorry!

Yep. I've been hearing about economic collapse now every quarter for like the past six years, from the likes of Gerald Celente and his ilk. What's happening now is just a correction, no world ending scenario. 401ks will take a hit right now but ride it out.

My accounts allow you to go between stocks and real estate, bonds, money market, etc.

Shame on anyone who can't be bothered. Double shame if you can't be bothered and you're 5 - 10 years from retirement.

2008 doesn't hurt any of us still in the game. Really screwed a lot of people who retired or wanted to in 2008-2013.

I want to be kicked back in 3-4 years. Dropping 20-40% and needing 5-10 years to recover it isn't in my plans.

a reply to: Gazrok


the collapse is underway at this moment...

there's over $1Trillion in non-performing loans outstanding...and another longstanding $1+Trillion in Student-Loans in arrears...

the TBTF banks are just a handful of days away from seizing a portion of every accounts balance (AKA; Bank Bail-Ins).....


the only thing holding the banks back right now from taking 10-20% of every savings or checking account balance
is that the FED issued orders that the Bank Accounting balance-sheets are Not yet 'marking-to-market'
the bad or unpaid/outstanding failed loans made out to OIL Fracking enterprises or the hundreds-of-billions in NO Interest car loans...

like I said in the intro over $1 Trillion not on the books YET !

but when the FED says the losses can be recovered by a bank-bail-in then all hell will break loose all at once

USA Treasuries are also being redeemed in the 100s of Billions by Foreign Countries and the FED itself or an arm of the Federal Reserve is covering this loss up.... the FEDs balance sheet is bailing out the Treasury right now with Russia/China/India... swell all BRICS nations selling their Trillions in USA Treasuries and bonds so they can buy up the low=priced Gold bullion out there & store at Shanghai Exchange as the London-NY exchanges collapse under fake paper



the slow motion train wreck is totally underway right now....
And the is NO real 'finalizing' Ones' preparing.... you should be ramping up your fiat dollar spending, outside the 6 months cash you got stashed right now...and getting more things like propane tanks, food, meds, TP, guns & butter & barter stuff... etc etc etc

a reply to: St Udio

I think if the banks decided to start taking 10-20% of everyone's accounts there would shortly be a revolution. I don't think that straight or robbery would be allowed... Now, if they dress it up as fees and surcharges barely anyone will take note.

originally posted by: cmdrkeenkid
a reply to: St Udio

I think if the banks decided to start taking 10-20% of everyone's accounts there would shortly be a revolution. I don't think that straight or robbery would be allowed... Now, if they dress it up as fees and surcharges barely anyone will take note.

---

This IS beauty of America !!!

If they DID try a 10% to 20% Bail-in, I can asssure you there would
be few hundred million guns brought out of the woodwork
because those Gen-X and Gen-Y soldiers and commanders
AND much of the populace would send LEAD flying
into the Baby Boomer politicans and banksters way!

We would NOT STAND FOR IT !!!!

THEY WOULD BE GONE IN A FEW HOURS !!!! --- AS IN -- D-E-A-D !!!!!!

Anybody Authoritarian would be KILLED QUICKLY !!!!

The Sweet Smell of Full-On American Revolution Would Be In The Air !!!!

---

Then we'd have to deal with the U.S. version of Somalia
with utter breakdown of law and order, looting, riots in
the cities and widespread general starvation coming
within a few weeks as transporation networks collapsed
and farms rand out of seed and workers....Local warlords
and criminal gangs and ultra-violent locally-organized youth
would fill in the gaps and RULE the streets.

Most U.S. cities would turn into the way
Mogadishu was in 1992/1993. The current
300+ million population of the U.S. would be
reduced to 100 Million or less within six months.

And ONCE the 3 to 6 month replenishment cycle
the USA's Nuclear Ballistic Submarine Fleet runs
out and they have to surface, China will HUNT
THEM DOWN and destroy them before it finally
starts a full on aerial attack of the US mainland
using most likely chemical/biological warfare
on population centres and nukes or conventonal
bombs on military facilities to kill off the rest of
the USA's remaining warfighting capability and
population. Then they woould move their
population in and LA and NY would be
renamed Lei-Am and Nai-Samma!

Once an empire crumbles it crumbles FAST and HARD!

And like ROME, the USA will be SACKED
and then BURNED DOWN TO THE GROUND !!!

And Europe, Japan and Russa could do
LITTLE IF ANYTHING to help the US or
stop China! -- They just do NOT have
the manpower to defend against a
100 million+ man army and a 20,000
plane air force!

Yeah, banks just seizing money without legal process would be basically the stuff of Somalia or Zimbabwe or USSR.

I can't see it just happening in America, unless a president and congress were OK with anarchy in the streets followed by a complete military takeover.

Just a little far-fetched for now, There are several steps to be taken in which the govt helps the banks in various ways. The post above is sort of Mad Max.

originally posted by: StargateSG7

originally posted by: cmdrkeenkid
a reply to: St Udio

I think if the banks decided to start taking 10-20% of everyone's accounts there would shortly be a revolution. I don't think that straight or robbery would be allowed... Now, if they dress it up as fees and surcharges barely anyone will take note.

---

This IS beauty of America !!!

If they DID try a 10% to 20% Bail-in, I can asssure you there would
be few hundred million guns brought out of the woodwork
because those Gen-X and Gen-Y soldiers and commanders
AND much of the populace would send LEAD flying
into the Baby Boomer politicans and banksters way!

Damn son, you sure do love to ramble on with the dramatics. Won't be a revolution in the next 6 months. We'll have a nice Trump / Cruz election, and the US will be stable for a good long while after that.

China won't do jack. Their military is large, but hollow. Remember how surprised everybody was when they discovered how crappy everything was behind closed doors, for the USSR & Iraq ? China and NK are the same. Lots of PR, way too big for their britches or funding. The Chinese soldiers will have to march and swim to America. Their infrastructure won't last a week. If they ever did find their way here swimming, it would be about 500 K guys against 300 million guns; we win.

a reply to: stevieray

China won't be sending a damn thing other than
THOUSANDS of air-refueling capable drones with
Infrared, pure vision recognition and other sensors
which will be HUNTING AND KILLING humans on
a fully automated basis (i.e. if it gives off heat
or moves -- fire guns and missiles at it!)

Computers are FAAAAAR FASTER and FAAAAAR
MORE ACCURATE than any human!! I know that
because ON MY DESK I have a piece of software
and hardware that can auto-find, hunt, target
and do fire-control at a rate of 65,000 Objects
PER SECOND !!!! If I can build that, then
so can China!

China WILL NOT play fair...Nuclear, Biological and
Chemical Weapons WILL be used if the USA breaks
down into lawlessness. 300 Million guns are USELESS
against a MODERN ARMY with DRONES which China
DEFINITELY HAS and they are VERY GOOD at software
and hardware now! The US has let its military go into
severe disrepair and when Equivalent-Value-For-Money
comparisons are made accounting for the differing rate
of personnel pay and costs of training, materials and
testing...China now OUTSPENDS the USA to an
amount equivalent to $750 BILLION U.S. while the
U.S. spends about $560 Billion per year on defense.

Their military research and development budget
is now $160 BILLION equivalent and now over
three times larger than the U.S. Black Budget!
(using adjusted financial-equivalence measurements!)

By the year 2020, China will be a TRUE PEER
in terms of overall military capability and like
I said earlier if ROME FALLS (i.e. the USA)
due to internal strife and civil war, China
and a few other countries (and terror/criminal groups!)
will NOT stand idly by --- They WILL come on over and
start killing, burning, pillaging and sacking
the Mainland and other US territories!
And on a realistic and practical basis,
the rest of NATO (Europe) and even
RUSSIA couldn't do a damn thing about it!

Again, hard to defend against 20,000 Drones
that have hunted and killed force-surfaced SSBN's
and are hunting and killing ANYTHING that moves
from 25,000 feet on a fully automated basis!

AND I have VERY good reasons to be Alarmist
because I have seen UP-CLOSE some of the
newest capabilities and their now much
higher-end training prorgams.

IT DOES NOT LOOK GOOD FOR THE USA MILITARILY !!!
---

So if the USA dissolves into anarchy,
CHINA ABSOLUTELY WILL take over and rule!!!!

You seem pretty jazzed and excited for this. That you Un?

China may have a ton of soldiers, but what it lacks is a way to GET THEM HERE.

Our geographic isolation has long been our best defense. It's the same reason we have 10 carriers when others have 1 or none. We need to project power away from our isolated point.

As for a nuclear option, that would be suicidal for BRICS. Sure, when it was all over, they would have done some damage, but their own nations would be completely destroyed. No longer is it MAD (mutually assured destruction)...now it is SAD (self assured destruction)... While our missile defense isn't perfect, it is pretty widespread, and would be pretty effective in minimizing the damage.

But, then there's the main crux of the matter. China won't invade the US, because why would any business kill it's most valuable customer?

a reply to: StargateSG7

P.S. I don't hate China --- I RESPECT THEM and their newfound capabilities !!!

One thing I have learned is to NEVER EVER UNDERESTIMATE
the ABILITY and WILL of any person or force that wishes to
obtain a specific goal and end-result.

NOR DO YOU EVER LET YOURSELF (or your country!) get itself
into a so-weakened position due to self-harm, that we have
now deteriorated to a severely constrained and diminished
capacity such that a now rising and unstoppable opposing force
(or destructive and/or killing predator!) becomes a dire issue
and probable DOWNFALL for America and its Populace !!!!!!!!!!!!

---

So these thread postings wish YOU to be aware
that the fate of America is held by Banksters and
Politicians who are JUST LIKE YOU AND ME only richer!
And based upon some of people I know and/or see on
a daily basis THAT FACT really scares me !!!!

haha, definitely some guy in a cubicle farm, in that "non-descript building" that they showed on 60 Minutes last Sunday.

Thanks for the excited rant, soldier # 987,347

China doesn't design jack, they steal everything they have from the US. Which means the US typically has about a 5-10 year lead in whatever is new and interesting.

They will also have the same little problem that Iraq, USSR, NK have with their armies. Most will defect as soon as they're let loose. It's why they have guys assigned to have guns leveled at the guys in front of them; shoot if they try to run off.

China's just another fake soviet-bloc mirage. They have fake towns all over the country, and their fake economy is collapsing down to the very small amount of legitimate activity that they have going.

a reply to: Gazrok

Hi Gazrok, I am not one to buy in to specific dates either, but last year I really thought something was going to get started in September with so many things confluenceing at the same time . I prepped up good and waited but nothing happened. So I chided myself for having fallen for it again. I grew up in a cult that was always expecting Armageddon to come, it was just around the corner, God could move quickly when he wanted to, etc. So I put it down to that, I am just inclined to this sort of thing because of how I was brought up.

About half the stuff from Sep has gone now. But a couple of weeks ago I started feeling an urgency to get my levels of prep goods back up to what they were last Sep. Maybe it is just a few headlines about the Chinese economy tanking again, I don't know. Anyway, been really busy but am going shopping for bulk stuff again on Monday, I feel Tuesday is too late.

originally posted by: BestinShow

originally posted by: infolurker
a reply to: Gazrok

Dollar Tree!

5 pound bags of flour $1

2 pound bags of dried pinto beans $1

12 0z cans of Prem (Swift Premiums version of spam) $1

Go, Go, Go!

Knowledge of Dollar Tree's working hours and security system

Stacks of Gold and Silver Bullion

Mass Ammo cache

Weapons at the ready

Got em, Got em, Got em!

It's honestly like some of you would like to see the collapse as some sort of confirmation of the thousands of hours, and dollars, you've spent in preparation for such an event. Interesting and strange confirmation bias at play.

originally posted by: IsntLifeFunny

It's honestly like some of you would like to see the collapse as some sort of confirmation of the thousands of hours, and dollars, you've spent in preparation for such an event. Interesting and strange confirmation bias at play.

The financial shysters who have this world's finances in their power have been breaking the rules for years, and getting away with it. They manipulate the world financial system to make it do illogical and unnatural things to benefit themselves whilst their third world country slaves work their asses off, ruin their health and have their potential cut down from the time they are born to prop up these smug fat cats. People who have been talking intelligently and warning of the situation have been poo pooed by the masses who keep on saying that everything is all right. Though it will be sad because of the pain it will cause so many people, it will be good to see that actions have predictable consequences.

It's honestly like some of you would like to see the collapse as some sort of confirmation of the thousands of hours, and dollars, you've spent in preparation for such an event. Interesting and strange confirmation bias at play.

Some likely would. Not me. I like modern life. But, I'm also not blind to history, nor to the signs of what is going on.

My preps also have to have a real, current day use as well. I'm more about getting to self sustainability vs. stockpiling. Simply put, we've USED our preps before. When out of work, having other food sources helped cut down the grocery bill. When we had a pipe leak (and had to shut off water until able to fix), we had stored water that allowed us to still function. That kind of thing. Doesn't have to be the end of the world to actually USE your preps. In fact, it is these other times, that helped me get the wife more on board with it, as she realized the value of being prepared. (I was a boy scout, and that motto always stuck with me)...

originally posted by: stevieray
On the market, we will have to deflate the fake Obama growth that came from giving away free money to banks, and printing endless unbacked paper money. It probably wouldn't be any higher than 10-12 K without the false "successes" created for Obama by Bernanke. But it's like any other correction. You can make the effort to avoid the drop, and try to get back in when it's bottomed out, poised to go back to normal long-term growth.

If Trump gets elected, it will grow nicely, for the right reasons. Since it's 50% psychological, having a successful businessman in the oval office will give us that boost. Investors and companies will expect logical, rational, non-socialist policies.

So basically, leverage massive amounts of borrowed money and declare bankruptcy multiple times? Or is there a different aspect of Trump's business acumen I'm missing?

originally posted by: cmdrkeenkid
a reply to: St Udio

I think if the banks decided to start taking 10-20% of everyone's accounts there would shortly be a revolution. I don't think that straight or robbery would be allowed... Now, if they dress it up as fees and surcharges barely anyone will take note.

Take a look at the onset of the Great Depression, they didn't take 10-20%, they simply closed their doors and folded up.

I'm economically ignorant, so I normally don't get too worked up over 'economic collapse', but recently I've seen some disturbing correlations in the news. There was two mile long traffic jam of oil tankers in Galveston TX recently, the Baltic Dry Index is way down, the Obama administration just announced they won't be renewing coal leases, the stock market is tanking, oil prices have dropped to 1980's era prices, rail shipping is down almost ten percent... the list goes on and on. Individually each of those would normally be cause for concern, but all at once is a little creepy.

a reply to: twitchy

Really, because from what I can tell the Dow is up 200pts as I type this.

Oil was lower than this as late as 2002.

Inflation adjusted oil price

a reply to: pl3bscheese

Yeah really. It was down 500 points just two days ago, would 'adjusting' be more befitting to your vernacular? There's some big issues with the oil market, do you really think adjusted figures from 2002 are relevant to the Supply Glut we're experiencing and predicted to keep experiencing for a 'long time'??

a reply to: twitchy

Okay really... interesting you would continue to keep this point of view.

Let's try a larger scale and see how this pans out --hint-- not in your favor!

How about 1 year graphs:

DJIA


SHCOMP


Not good enough? Okay let's try 5 year:

DJIA


SHCOMP


Well then, what are we to do when ignorant people suck in the fear-mongering propaganda without trying to critically think their way through... oh I know! We could stick to that thing called reality and keep on keeping on... done.