So when do you think "IT" could happen?

[EricSF]

France is now entering the abyss. There is no escaping the debt problems of the world.

"The French government suddenly announced the nationalization of troubled mortgage lender Credit Immobilier de France, which is also the country's second lagrest mortgage specialist after an attempt to find a buyer for the company failed"

This is after their new president Hollande said he would NEVER bail out financial institutions.

[Just a Jarhead]

http://www.youtube.com/watch?v=npJ0CUT8d_Y

I highly suggest watching all three and watch all of the old videos of schiff on cnbc telling everybody housing is in a bubble and telling him he's crazy.

Here's a great video of Schiff from 2006, 2007, 2008 going up against the pundits. If this video doesn't drive home the point that "it's critical who you listen to and who you get your information from", nothing will! This says it all!
http://www.youtube.com/watch?v=zz_yw...feature=fvwrel

[Ironman8]

Who do you listen to?

The one's that got the 2008 stock market crash and housing bubble right years in advance ; Gerald Celente, Peter Schiff, Nouriel Roubini, Dr. Marc Faber & others? OR do you listen to the rest of the MULTITUDE of pundits who called these men "doom & gloom" and got it completely WRONG?

Everyone of the former says anytime after the 3rd quarter of 2012 and into 2013 the perfect storm is brewing. No one knows exactly the scale or magnitude. Many of these same men think very bad. They use words like civil war, fighting in the streets, world war III for cryin out loud. These are serious men. Roubini is head economics professor at NYU. This ain't no schmuck! None of these men are. Celente's decade's long track record is both legendary & remarkable. Your govt. is certainly preparing for civil unrest. Any reasons you have for thinking the dollar & other world currencies are more stable please share with me.

Bernanke is already seriously talking QE3 is imminent. Europe is as f@#ked as ever and also about to implode finally. We're 16 TRILLION In debt and GROWING. This will never be paid back. Sooner or later we have to seriously inflate our way out of it or default. Sooner or later you run out of road to kick the can down. There are so many things that could be the straw that breaks the camels back and kicks things off. If nothing happens I would find it a miracle. Miracles do happen from time to time including finding more road to kick the can down for a little bit further.

Trust me I'm 53 now and only wish things would get better, not worse. I am in no way welcoming any further decline. This is not what I had envisioned heading into my golden years and retirement. But if we're going to have an economic collapse I want it to happen sooner than later while I'm still fairly young, strong as ever and healthy. 10 more years will make a big difference to me.

Still, I prefer to listen to those that got it right the first time. I can't stick my head in the sand like so many I know and even on here. Not my nature. Google or Youtube those men yourself. Listen to what they have to say. Learn of their track recdord for getting things right.

Jarhead, trust me, I know what you're saying and do agree with you. This question IS mostly just for conversation, and to see what people are thinking as of right now and if there might be some general consensus between those of like mind. However, that doesn't mean that I'm going to take every opinion as gospel. There are a few on this forum who I know are on top of things, you are one of them, and I apprecate your insight. I don't keep up enough with the talking heads to know who's who and who said what and who was right or not. Thanks for pointing me in the right direction

[Turnkey11]

How does a world debt of 700 TRILLION ever get paid.

Reset button; it got pressed twice last century, the world is due for another go around.

[Caeser25]

Jarhead, trust me, I know what you're saying and do agree with you. This question IS mostly just for conversation, and to see what people are thinking as of right now and if there might be some general consensus between those of like mind. However, that doesn't mean that I'm going to take every opinion as gospel. There are a few on this forum who I know are on top of things, you are one of them, and I apprecate your insight. I don't keep up enough with the talking heads to know who's who and who said what and who was right or not. Thanks for pointing me in the right direction

Paul krugman is one person you don't want to listen to, except to As with anything else it's important to listen to both sides, do your homework and make your own judgement. Some great books to read are: man and money, the creature from Jekyll island, ron Paul's end the fed, pretty much anything by fa hayek, murray rothbard, Chris martenson, the virtue of selfishness, capitalism the unknown ideal, devil takes the hindmost, more than you know.

[Six Feet Under]

Or the biggest threat............. Another four years of Obama.

This, along with all the fallout from it, is my biggest worry. I don't know exactly what would come from it, of course... but it still scares the hell out of me.

[drsal]

In South Florida, "it" happens every year between June and October, its called hurricane season, then come October, you drink up all the excess water bottles, eat the cereal bars and let the gas tank go below half on occasion. Its good to have extra water, non perishable food items, a firearm or two, batteries, candles, etc. BUT this non sensical zombie insurrection, emp, grade b movie horror, catastrophic devastation is a bit over the top. The US is not Somalia, Pakistan, Nigeria, or some other third world shithole, despite the Nat Geo prepper wet dreams that some people envision. its not really happening here. Economic uncertainty, yes. So what, it happened during the depression and the jimmy carter years, and we are still here.
Looking back, despite the damage of hurricane Andrew, 2-3 weeks later all was fine. Katrina...sucked if you were poor ghetto dwellers, but a month or so later, meh. The rest of the nation merely yawned. Hurricane Isaac, things got a little wet. When hurricane Wilma went through my backyard, some damaged roof tile, no power for a few days...an inconvenience, nothing more.

[PA PATRIOT]

BUT this non sensical zombie insurrection, emp, grade b movie horror, catastrophic devastation is a bit over the top. The US is not Somalia, Pakistan, Nigeria, or some other third world shithole, despite the Nat Geo prepper wet dreams that some people envision. its not really happening here. Economic uncertainty, yes. So what, it happened during the depression and the jimmy carter years, and we are still here.

Those were different times were people had more respect for one another and the older generation still had a light grip on the non-rap youths of the time. Welfare rolls then where no were near the numbers now and the economy is much worse off.

Also add into the mix a greater tendency for violence, tons of guns on the street and law enforcement has the lowest man power levels in 20 years.

A flash point such as the world market collapsing dragging the dollar down were hyper inflation and zero credit availability causes the business sector to implode forcing unemployment to hit 30% or more. Since the government is broke there will be no bail outs or welfare/unemployment to support the people and then they will act to survive any way they can.

We are not far from this perfect storm happening and God forbid if it did occur for then all those who did not prepare will be the first causality's of the new era.

[Just a Jarhead]

In South Florida, "it" happens every year between June and October, its called hurricane season, then come October, you drink up all the excess water bottles, eat the cereal bars and let the gas tank go below half on occasion. Its good to have extra water, non perishable food items, a firearm or two, batteries, candles, etc. BUT this non sensical zombie insurrection, emp, grade b movie horror, catastrophic devastation is a bit over the top. The US is not Somalia, Pakistan, Nigeria, or some other third world shithole, despite the Nat Geo prepper wet dreams that some people envision. its not really happening here. Economic uncertainty, yes. So what, it happened during the depression and the jimmy carter years, and we are still here.
Looking back, despite the damage of hurricane Andrew, 2-3 weeks later all was fine. Katrina...sucked if you were poor ghetto dwellers, but a month or so later, meh. The rest of the nation merely yawned. Hurricane Isaac, things got a little wet. When hurricane Wilma went through my backyard, some damaged roof tile, no power for a few days...an inconvenience, nothing more.

I don't remember our currency outright collapsing in any of the scenario's you mention. Are you aware that this fall Russia, China and Japan made a pact to start trading in oil between themselves in other than the dollar? First time since 1971 when Nixon struck a deal with OPEC that all oil would be traded in dollars around the world which is what had kept the dollar in demand around the world. You couldn't by oil with out dollars. The dollar no longer being the world's reserve currency you're aware what this means? Why don't you explain to us all! Educate us a little bit. I could go on and on but your closed mind just wouldn't get any of it anyhow. It's quite clear to me that you're clueless on these matters and what is really going on in the world. You have a cursory understanding at best. You're statments above reveal that. A couple years ago I used to try and wake people up to prepare. No longer. If they don't get it by now they just won't get it. Now I just shake my head and say quietly to myself " what a ditz". Best just to move on.

I'm sorry but you remind me exactly of the clowns full of bravado laughing at Peter Schiff in this video http://www.youtube.com/watch?v=zz_yw...feature=fvwrel. Except Peter was the one that was right! And yes in hindsight they look exactly like pathetic little clowns. I think I'll continue to listen to Schiff, Roubini, Jim Rogers, Celente and others whom I believe have a better track record and handle on these matters.

[Caduceus]

Those were different times were people had more respect for one another and the older generation still had a light grip on the non-rap youths of the time. Welfare rolls then where no were near the numbers now and the economy is much worse off.

Also add into the mix a greater tendency for violence, tons of guns on the street and law enforcement has the lowest man power levels in 20 years.

A flash point such as the world market collapsing dragging the dollar down were hyper inflation and zero credit availability causes the business sector to implode forcing unemployment to hit 30% or more. Since the government is broke there will be no bail outs or welfare/unemployment to support the people and then they will act to survive any way they can.

We are not far from this perfect storm happening and God forbid if it did occur for then all those who did not prepare will be the first causality's of the new era.

Not to get too off topic, and apologies if I do, but IF this happens ... what happens to LEO/Fire/EMS and military? They're all paid at some level by the government.

Lots of these types of scenarios have people worrying that the military will be deployed to "keep the peace," "support the police," "nation build," etc. But if they're not getting paid, do you expect them to show up? Especially when you factor that they leave their families behind.

The feds may be buying up lots of ammo and planning, but what happens when no one shows up to do their bidding?