posted on Aug, 9 2011 @ 02:21 AM
Originally posted by Cryptonomicon
People have no idea how bad it's gonna get.
Everyone, open your eyes, you are about to watch our civilization crumble.
Yep, with falls like these and increasing falls each day, the only way to stop the falls is to suspend the markets, it wouldn't make a difference, if
they were suspended, confidence would go down even more. As soon as the markets were reopened the losses would quickly catch up to where they were
going to be anyway.
If these falls keep occurring people will begin to stupidly remove their funds from the banks, then all cash would be in circulation which would cause
rapid inflation, dealing the dollar drastically overnight. View what happens then, your paycheck, gone. You won't be able to get paid because your
employer or the businesses owner, whether one latter step up or all the way up, will have removed their liquid assets from the system. Not that it
would matter anyway as the cash would be worthless.
I would suggest stocking up heavily on cheap nonperishable food items. If you have the extra cash after stocking up on food I would buy some gold or
silver, their values will be jumping like black folk here pretty soon.
I advise not removing cash, paper currency in the end will only be paper. If you want to do something with your money to keep its value, buy stuff
people will want or need. Then you'll earn their assistance in rebuilding a local economy. I don't consider myself knowledgeable in things like this
but I've been watching and applying some of the most basic financial rules and my personal predictions have been quite accurate. I even posted on my
rarely viewed Facebook account a while back telling my friends/the list to take 20 bucks out a week and use it to stock up on nonperishables. Noone
listens to the one they should listen too. It's that "eh, you don't have a college education so you must not be right" mentality. Well, when all
is said and done, I may quote myself and say I told you so.