I don’t think you understood what I said - TOTAL, COMPLETE ECONOMIC COLLAPSE OF EUROPE AND THE UNITED STATES.
Haven’t you been following what is going on in Europe? do you read Ann Barnhardt’s blog, especially this week?
I suggest you start with Monday, Dec.5th, and work your way through everything until today. It’s a wake-up call when someone like her says we may have a total economic collapse - system wide - before Christmas.
Disclaimer: I don’t know what I’m talking about and need Freeper guidance.
I am a hard wired, genetically programmed prepper and a hard asset person and have been for a long time. If tshtf, I’m as good as I can be.
However, I am surrounded by successful, soft asset, 401k, etc. people (my children, among others) who do not see the world as I see it.
When I bring up the potential threat, they remind me about the FDIC and that if the bank(s) fails, then the next day it reopens with a new owner and name and their accounts are just as liquid and just as safe.
Barnhardt and Zero Hedge are good but it is like pointing at cracks in a big tall building that is in New York City and isn’t relevant to their lives. While I think that it can land on their heads, I am not making the case. I need intellectual ammo.
Could the government just provide liquidity on demand accounts, i.e. checking, passbook savings, etc. and convert all others in timed commitments like CD’s, 401k’s, etc. to a “government bond at 2-3% and no withdrawal until the government says you can” type of arrangement? (I think I just made this up but it makes sense at some level.)
What is the scenario for these kids?
Not to make light of your concern, but way back in the mid 1980’s and again in the 1990’s there were a series of “economic survival” books and 2 I remember were written by the same author whose name I cannot recall except to say it was an Indian name. These books had the self same theme, the coming collapse, why it would happen and what to do about it to protect yourself.
It didn’t happen then and although no one can say with certainty whether or not it will happen before Christmas, I personally would like to place a small wager of say $1000 that it will not. Of course if I lose then the $1000 you win will be worthless. Perhaps we could make the wager in gold?