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All it would take is the dollar to no longer be the reserve currency. That will be no easy task. But could be done over time. But in the mean time any bubble the Fed creates and pops should at least give us some practice.
The best place to be is at the caves in Mo. where they store huge amounts of food like the government cheese.
Let me guess, you think the UN will 'prevent global war', right?
We have a President willing to provoke nuclear powers, something that hasn't occurred since 1962.
If you can do basic arithmetic, figure out how many years that is, and ask yourself why no President did this since that time. Until Obummer that is.
1. LOL the UN is pathetic and worthless, I'm long on the record stating that.
2. Yes, nukes prevent global war.
3. Reagan wasn't willing to provoke nuclear powers?
BWWAAAAAAAAAAAAAAAAAAAAAAAAAAH HAH HAH HAH!
In fact, a big criticism about Obama is that he's too soft to stand up to Putin, Iran etc. and there are many threads here about it. Now here you come claiming he's provoking nuclear powers?
It is 2014, and the global and domestic economy is doing great. House prices are rising to 2008 levels and higher due to a mass increase of international cash-buyers, the Dow has been reaching all-time-highs, and unemployment across the board has been decreasing.
A lot of people believe that the next financial crisis will result in the collapse of modern-day society and the current economic systems of the world (capitalism, socialism, communism and fascism). The next financial crisis is inevitable due to the way the current economic system works (fraction-reserve banking, etc) and the estimated shelf-life of this current system is <100 years. A lot of you won't be around to witness the collapse, as it could be within 20, 40, 60 or 80 years from now, and since most of you here are elderly, I highly doubt you will witness any of it.
The Economic Collapse scenario has many different paths, some which may lead to a more prosperous system and form of geopolitical economics, others may lead to mutually assured destruction via global warfare or mass social disruption.
Where do you want to be when the Collapse begins?
What assets do you want to possess during the Collapse?
Where do you believe will be the best place to be during the Collapse? (Not limited to the U.S.)
When do you think the Collapse will occur?
Do you believe it will lead to war with Russia or China?
Do you believe the effects of the imminent societal collapse after the economic collapse will be worse due to multiculturalism?
Clean out the old Y2K bunker under your back yard. Stock up on peanut butter and bottled water.
Home with my family.
Guns, ammo, and plenty of food and water.
Home with my family, with the possibility of moving to a remote location.
Not sure.
Doubt it.
I think those of all cultures that rely soley on government bennies will be the ones hit hardest. Once the bennies are cut off, the law of the jungle will take over. It will be worse in large urban areas than places further away from the big city.
At any rate I hope it doesn't happen.
You forgot toilet paper
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Tell ya what...
