The foreshocks before the financial Big One: what to look for
Bad boys, bad boys, whatcha gonna do when they come for you? -Theme From COPS (by Inner Circle)
OK, so we all know that America's debt is unsustainable, and will cause one fuck of a debt collapse eventually. From reading about Argentina in 2001 and Greece in 2015, here are a few things to watch for so that you get out in time.
1) There is a long, years long, recession, one they can't cook the books to hide. When construction stops and businesses start firing people en masse, watch out.
2) This recession leads to big problems on Wall Street. Banks and brokers start failing. When this happens you need to move your money out of danger, although where to in the event that America goes down is a valid question.
3) The government starts in with the happy talk while everything is going to shit. When they start telling you your savings is safe, you may only have a few days to finish stocking up on food and water.
4) Only then do they establish the corralito, nationalizing all money in the banks (generally called a "bail in") leaving the country destitute. In America's case, this probably will apply to the entire PLANET, taking every red cent that's not under your mattress (although they may have been keeping track of withdrawals and gold/silver purchases, in which case it's time to lock and load) and using that money to make good the bad debts. By then it's too late. People in Greece knew that eventually the corralito would arrive, as much as FIVE YEARS AGO! Did they do anything, of course not.
So, that's what to look out for. People in Greece have been keeping Ferfal ( themodernsurvivalist.com ) updated. No cash, no banks, no food in the stores. The economy simply up and died. What will YOU do when it's your turn?
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