Well here we go. I really believe that the rumors of War with IRAN are real.
Would Zero start a massive War with Iran to attempt an FDR recovery. (Actually Fascist policy) My belief is yes. Nothing he does works, food costs are soaring. Will we see RATIONING like my Mothers Generation?
I don’t mean to be pessimistic but if someone can explain to me how this will not happen, please enlighten me.
When, not if, we get downgraded again, will there be a run on the banks as in 29? Just asking questions.
Would Zero start a war to keep in office and distract the country from its woes? Yes, he would.
Food costs soaring, rationing, gas and food, would not be out of the realm of possibility. And no, you are not being pessimistic. The wise person at least perceives when trouble is approaching, and does what they can. The biggest question seems to be how long can all of this go on? Gee, the housing warnings were going on for years before it blew up. Doom and gloom about the financial sector of this country had been going on long before I started to pay more attention in 2008. There was warnings of bank runs then.
As to the banks and bank runs, in a digital age it could be a bit different. IF there is systemic failure, the ATMs and debit and credit cards won’t work, so having some cash on hand is part of prepping. The real bank runs seem to happen at the bank level now. MF Global’s bankruptcy was essentially a run on a hedge fund. They were full of PIIGS debt (debt of the nations of southern Europe) and they were called on it.
I think the biggest danger will be the FED does do more printing, and prices keep going up, and THEN the people start to lose confidence in the fiat money, that is when things will go crazy. But when that will happen is a huge guess at this point. The FED and those with their hands on the levers of power, won’t exactly be giving warnings.
The best place I have found for financial news and heads up is at http://www.zerohedge.com/ It took me awhile to understand some of what they talk about there, but read the comments, and within a month or two, you will catch on. If any danger signs start showing up, they will catch it.
I hope I have answered your questions, ;)