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To: TigerLikesRooster
These sites never tell you what will really happen. They simply spout the doom and gloom, but never tell you the tangible realities.

So WHAT exactly does this all mean?

IS all money banned? Do we go to a Global currency? What would day to day life be like immediately after the Big Collapse? What exactly would this all mean to someone with a salary paying job, a mortgage, and savings? Would we be under hyper inflation or deflation?

The sites like Zero Hedge are always big on the headlines, and very short on actual details.

4 posted on 06/02/2012 7:14:26 AM PDT by SkyPilot
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To: SkyPilot
What happens--two words. Bank Holiday. The banks will close to avoid runs. They won't answer phones, you cannot transact business, you find it suddenly hard to buy anything. Now imagine the domino from there.

It's good to have a few week's worth of cash to buy gas and groceries. However, if this goes past a few weeks, the cash will start to lose value.

14 posted on 06/02/2012 9:08:00 AM PDT by Mamzelle
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To: SkyPilot
hear ya.....what exactly would happen with a collapse?....

do we all turn into pumpkins?...will be have to cancel Christmas?

what is the first thing that will affect us....that would be a start....

22 posted on 06/02/2012 10:29:41 PM PDT by cherry
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