The banks in Spain are hemmoraging money due to bank runs. The Europeans are talking of monetizing their debts, up to a debt load of 50% of Europe's GDP! That's incredible.
If Europe's economy collapses, it is anticipated that the U.S. economy would, like a dominoe, fall as well.
We have just a bit over 60 days until the election. How long until the shit hits the fan, before or after the election?
As we found out in the 60’s, when the first riots happened, the fools in Washington have no guts. When the riots start again, they will just open the checkbook and push the country over the fiscal cliff.
Did you see this?
When armed citizens realize that the cops are useless, it will be open season on anyone who looks like they belong to the wrong demographic group. Obama has bred a lot of anger. Both sides will be quick to attack, but one side will be in a much better position to make the shots count.
I see very serious demographic change coming to this country.
I read it. We’re ready.
Too easy to create choke points and “fatal funnels” out here in the boondocks.
Food and fuel are an instant issue in a crisis; medicines,etc. are secondary. Gold will be near worthless, except at the highest levels in areas under some kind of order.
Best to start thinking about it, even if you think SHTF scenarios are unlikely.
The chance of major banking failure is real. Not probable in my mind, but real.
If rioting takes place it will be in major urban areas. I simply don’t see anarchy in TX. Citizens help each other too much and they are armed.
We would pull together in hard times for the most part.
In scattered cities it could be real nasty. Chicago, Detroit, NY City, LA
Rioting? That could happen, it has happened before with less pretence.
I think those of us who constantly monitor things on sites like this will know long before the EBT cards and SS direct deposit ‘checks’ dry up.
By the way, I like Ann Barnhardt.
She is pretty smart and knows commodities trading.
Here’s the article Ann was writing about:
When The Music Stops – How America’s Cities May Explode In Violence
http://www.freerepublic.com/focus/f-bloggers/2926391/posts
By Matt Bracken AKA Travis McGee
(( ping ))
BLOAT.
Does anyone have suggestions for a tactical shotgun that would also be usable by a wife who does not have a lot of upper body strength but who is not afraid to pull a trigger?
Preppers’ PING!!
I will add that folks need to make sure all their children are trained on weapons as well.A 10 year old can carry and shoot an M-1 carbine.Its up to the parents to teach them to hit the target.
Then comes the rioters spilling into the suburbs.
Then comes full-blown chaos when the rioters realize that the cops alone can't contain them.
Then come the beatings, rapes and murders. In the open. In broad daylight. At heavily trafficked intersections."
Only those 'preppers' who live in suburbs near metro areas worry about this. If something like this were ever to come, I'll be watching it on the teevee until the news signal from Los Angeles or New York conks out.
Won't be happening where I live, that's for sure.
Suicide by redneck.
There are several thousand Marines within walking distance. They might be of some assistance if nothing else as a possible place of refuge.
Great article. I agree about the description of the end state and the preparations necessary.
I would argue though, that gold is still an excellent investment under these conditions.
The reason is that the end-state description does not determine how we get from here to there. I believe that one of the intermediate steps will be massive monetarization by the Fed. Even more massive than we have already had. It is the only way to “pay” the derivative debts and keep the financial system from total implosion.
Of course, the results will be like an Argentinian inflation, (which took about 18 months to become the full bore hyperinflation).
And, gold will do very, very well. Better than anything else.
If I am right (always unknown for the future), it will be possible to buy food, land, water purification, and ammo before the total collapse.
http://www.wimp.com/veteransniper/
The vast majority of all the "dollars" out there are just digits. Only a fraction of the money in institutional accounts has ever been printed into bills, which are no more "real" anyway. EBTs are no more suseptable to non payment than everybody's bank cards. Maybe less so, since the government can create money at will.
Politicians will continue to monitize the debt and pay out benefits, because that's the path of least resistance.