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Not just governments but most major banks are broke and working on the edge. Most of the largest Mega Banks have derivatives exposures that are 40-50-60 times their total assets, so what happens if Europe does collapse (which is fairly likely) causing them to loose just a modest percentage on those derivatives? ( http://ncrenegade.com/financial/fdic-statistics-read-em-and-weep-ann-barnhardt/ )

Personally I expect that we are in for something like the collapse of Argentina ( http://www.youtube.com/watch?v=7yerKMQc7-w&feature=grec_index )but on a global scale.

When you add in the fact that their is a growing concern for social unrest regardless of which way the election goes, the next few months will be like walking a mine field.

Recent events show (Flash Mobs, OWS, etc) we have a large entitlement minded population that is violent prone and armed. I think that during a collapse you will see many small businesses wiped out by flash mob looting, and once started it will quickly spread to rape, robbery and murder for murder sake. You will see what I call ‘pocket pogroms’ and if you ain’t ‘Amish’ you better not be around when they come.

Many of these ‘yutes’ will think no more about killing you than most people think about stepping on a roach. That will be the test of many. Most preppers I know are Christian people and they will hesitate to do what they might have to do to stop the ‘yutes’. On the other hand the ‘yutes’ won’t think twice nor lose a minute of sleep, in fact they will smile and laugh about it.

I can’t help, but think of this quote which is one of my favorites:

“Star Trek: Deep Space Nine: The Siege of AR-558 (#7.8)” (1998)

Quark: “Let me tell you something about Hew-mons, Nephew. They’re a wonderful, friendly people, as long as their bellies are full and their holosuites are working. But take away their creature comforts, deprive them of food, sleep, sonic showers, put their lives in jeopardy over an extended period of time and those same friendly, intelligent, wonderful people... will become as nasty and as violent as the most bloodthirsty Klingon. You don’t believe me? Look at those faces. Look in their eyes.”

Clearly there’s a storm coming, as great as a hurricane and like you do when a hurricane comes your way you either prepare to weather it or you become a victim of it.

For those who are just starting or are old hands at prepping you may find my Preparedness Manual helpfull. You can download it at:

http://tomeaker.com/kart/Preparedness1j.pdf

NOTE! THIS IS A FREE DOWNLOAD. I DO NOT MAKE ONE CENT OFF MY PREPAREDNESS MANUAL!

For those of you who haven’t started already it’s time to prepare almost past time maybe. You needed to be stocking up on food guns, ammo, basic household supplies like soap, papergoods, cleaning supplies, good sturdy clothes including extra socks, underwear and extra shoes and boots, a extra couple changes of oil and filters for your car, tools, things you buy everyday start buying two and put one up.

As the LDS say “When the emergency is upon us the time for preparedness has past.”

Or as the bible says: A prudent man sees danger and takes refuge, but the simple keep going and suffer for it.
NIV Proverbs 22:3

“There is no greater disaster than to underestimate danger.
Underestimation can be fatal.”