Posted on 10/07/2015 10:20:56 AM PDT by amorphous
A collapse is coming… but not as quickly as many are expecting.
There are many people high up in the power structure who not only see an end to the dollar coming soon, but an economic collapse that could trigger the death of tens of millions of Americans – rendered vulnerable by the lack of services and the stopping of checks, and harmed by the resulting looting, starvation and violence that is likely to occur.
According to an anonymous source who claims to have high level insider sources, everything from the power grid to the grocery store, to the government assistance checks that huge portions of the country depend upon will simply not be there. The result is pure chaos, tragedy and destruction.
That source is “V, the Guerrilla Economist,” who spoke to USA Watchdog’s Greg Hunter after the dire prospect of collapse:
(Excerpt) Read more at shtfplan.com ...
Former US based corporations are now multinationals, with ties to no country in particular.
If the US economy craters, these corporations have Europe, Asia, Africa, and Australia as a backup.
The US and the Americas are now simply a geographical region that will be bled dry, and disposed of when no longer profitable.
If you're not a part of this plan, you have relegated yourself to permanent poverty. Get the getting while the getting’s good.
Why does anyone assume the Chinese and Russian economies are somehow invulnerable and more adaptable to economic challenges than ours? Yes, their people are more used to coping with very bad times. But the global economy is not a fleet of separate boats sailing one sea. All the major countries are in one big ship with a Dollar sign flag flying at the masthead. If one of us goes down we all drown. Mind you, that’s not to say there aren’t icebergs ahead or the captain isn’t a complete incompetent. There are and he is.
I buy physical silver in both coin and bar form.
I also keep some silver in foreign vaults as a hedge against physical theft.
For the foreign vaulting I like Goldmoney/BitGold and also BullionVault: spreading the buys across multiple jurisdictions.
I have lead and copper, what is that exchange rate?
Hmmm. Do you know much about what's going on in Europe, Asia, and Africa? Do you know what the population of Australia is? It's not as easy as you male it out to be.
However they studiously avoided declaring their holdings in the State Administration of Foreign Exchange (SAFE) and the China Investment Corporation (CIC).
SAFE, PBoC and CIC are all used to buy Gold. China has been buying (and mining) Gold like mad to hedge its UST holdings. At the barest minimum they have 5000 tons.
Of course, they also have a history of ludicrous malinvestment and an imploding credit bubble, so it's not all rosy for them.
I’m all for getting that ass wipe out of office……….Now, how can we do that?
Being able to see what's ahead is useless though unless you actually take the steps to prepare for it. Many would just rather enjoy the bliss of ignorance for as long as they can.
Something like a collapse or depression happens slowly at first then all at once.
The US is a large market, but it isn't THE market.
The US could go away tomorrow, and the Asian juggernaut wouldn't miss a beat.
And they have US corporations and investors to thank for putting them on top.
“According to an anonymous source who claims to have high level insider sources”
Thanks for this. I believe we ought to prepare, just as a matter of prudence. Clearly a considerable degradation to our society is coming, slowly or quickly.
That being said why is it the more drastic the scenario, the more anonymous and high placed the sources seem to be? I call a measure of BS on this one.
Yes, let's let Biden run as an incumbent. That'd be smart.
I’ll worry about it on the day the Earth is frozen and the Sun doesn’t come up.
A lot of folks have invested heavily in lead.
You’re welcome. Take it for what’s its worth and only what you consider accurate. Agree with you, “preparing is a matter of prudence”, considering the events we see occuring here and around the world.
Most SHTF type predictions are just meaningless opinionated guesses. Several years ago I took one seriously and learned my lesson. If the SHTF, then I’ll worry, life’s just too short to be perpetually paranoid over this stuff.
the fact that you need it to buy petroleum helps too.
I must be more worried about it than you are. I’m planning to start worrying on the second Tuesday next week…….
The dollar is not “dying”. What a stupid article.
Inflation has generally run about 5% a year during the Obama administration.
I fully expect to be cash poor in my old age. What little cash I will get from my bank account will buy much less than even now.
I expect Obama or his successor to “fix” Social Security - Obamaspeak for benefit cuts, probably of about 10% to 15%.
Weakness in the dollar probably will show up as shortages of imported goods.
As in Argentina, farmers will be expected to set aside most of their production for domestic consumption instead of selling it for foreign money.
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