I'm in Thailand and we're preparing here.

There was a financial collapse of Asia in 1997 so we have a decent idea of what to expect here should it ripple this way. And if the global shit does hit the fan, I want to be around old school farmers and fishermen who probably won't skip a beat should the western world fall apart.

This side of the world will be a good place to be if the worst happens.

What happened in 1997 from your purview and what do people where you are expect should we see another 2008 that morphs into a global credit fiasco (since that seems the most recent empirical event to base something on)?


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Toilet paper? Have you ever whiped your ass with leaves and moss? It works. :winkwink:

Go read up on how Robert Kiyosaki is preparing. That guy is crazy rich, and crazy prepared.


7 days is a good starting point. My power has been out for longer than 48 hours before.

in egypt people just organized and policed their own neighborhoods, kept peace, directed traffic. like i said before you are either too bitter, watch too many hollywood movies or borh.

It does. So does a little water.

Sure, why not. But what does this have to do what what I wrote? :winkwink:


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When I was a kid we had a nasty storm that knocked the power out to the entire town I lived in (very small town) for about 4 days. We were lucky because it was winter and cold but our house had an earth stove as its primary source of heat so we were warm. After a day the local grocery store opened up for business. He had generators to keep his freezers and coolers working and he had a few lights, but mostly when you walked in they handed yo a flashlight and let you shop. At the end they added it up via calculator and you either paid via cash or check this was the 1980's so there weren't really debit cards yet. It was interesting to see how the town kind of came together.

However, if that same thing happened in a big city that already has a lot of crime I could see chaos.

the same thing would happen. the city would just break up to the neighborhood level.

I actually think many if not most people blindly trust in our government. We have a voter turnout rate of 40-50% that means at least half the people old enough to vote can't be bothered to get off their ass for a few hours every 4 years. Clearly some of them are just anti-government and see no use in voting, but many of them just don't care or are content.

Aside from a major catastrophic event like an asteroid or some polar shift, what do you see that could cause this chaos on a nationwide scale?

I single them out as the primary currencies that gold is priced and traded in. But yes, every paper currency is slowly swirling down the drain.

While I am sure there are some people who don't bother to vote because the 2 party system is messed up and they feel it doesn't matter, I think a lot of people just don't care or can't be bothered. I meet people all the time who are clueless of the world around them. They don't follow the news or anything remotely like it and if they do know about world events it is a fucked up skewed view that a co-worker or friend gave them. They are just apathetic to anything that doesn't involve them directly in their day to day lives.

Could the US government not step in during a financial crisis and just guarantee the money? It seems to me if the dollar collapsed they could either just print more or make a statement guaranteeing that they will cover the lost value so that people can still buy the stuff they need. It would run up massive debt, but it could avert a crisis.

To me we are just too big to fail. There are many other countries that rely on us and if we go much of the world goes with us so I think others would step in and help prop us up if needed. It could cause some issues and there could be some problems with unrest. It wouldn't be pretty , but I don't think it would be as ugly as a lot of people might think (meaning civil war and people killing each other for food type of stuff).

We're on the same page.

What I'm talking about is not whether you made sure you had supplies similar to how you would prepare for a natural disaster but the guys who buys gold / silver, load up some cash, buy an assault rifle or two and enough ammunition to defend the cabin he's moved into where he's set up his own water collection system, planted a garden, started raising laying hens and broilers, cut and split 10 years of firewood, installed a high-tech intruder alert system and set booby-traps around his "assets".


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Or maybe it does not have as much to do with weak currencies as it does with uncertainty (and thus demand) when gold is going higher in strong currencies as well.


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your not the only one.

I don't doubt for a second that if we don't do something we could have an economic crash. that is a very real possiblility. I just don't think it will turn into a shooting revolution mad max kind of thing a lot of people are preparing for. It will look a lot like the depression with soup lines and families living in tents in the park.

That said, there is a huge difference between a crash and a collapse and I just don't think we will collapse. A collapse would bring about a whole new system of government in this country and that isn't going to happen, at least not in our lifetime.

OMFG!!! ARE YOU FOR REAL?!?! :1orglaugh

Everybody listen to agent448, and put all your life savings into your favorite FIAT CURRENCY!!

Just remember that fiat currencies are BACKED BY YOUR COUNTRY'S DEBT!!!!!

Let's raise the debt ceiling some more.... turn on those printing presses!! WOOO HOOOO!!!

:thumbsup:thumbsup

as usual you don`t read or understand frog.

Soup lines and tent parks is exactly what will happen.

But there will also be people who will try to take what they want. Count on that. It's because of those dick heads that people should arm themselves.

Really? Thats scary. I cant imagine that happening in a todays depression. Somehow, I imagine that we have moved on from that.... but maybe im naive.

By the way, to the dude who asked before about how to buy and store gold. One good way is:

http://goldmoney.com

They store the gold for a fee but you can also request physical delivery of the gold at any time, again for a fee. For most people though, id suggest thinking about purchasing stock in one of the major gold mining companies - you can profit much more this way than by physical gold itself. Owning physical gold means youre looking for the marginal difference between cost basis and market value, where as with gold miners they are earning the difference between their fixed cost of extracting it from the ground and the market value (which in todays market, is a big chunk of change).

Well, maybe. Do a very basic walk through on a "worst case scenario." No telling if the worst will happen, but for the sake of being prepared, say it does.

Lets say you wake up tomorrow and the USD has lost most of its value. What happens next?

1) There will be a run on the banks. Everyone will want whatever cash they do have that is sitting in the bank, be it $300 or $300,000. But the bank may as well be handing out toilet paper. But there is a better chance they won't be open at all. And if they are, they either won't have money to give everyone, and the money they do have is now worthless.

2) With the collapse of the currency, all the other items you use in your life did not crash with it. Instead, they just got REALLY expensive. So what little money, if any, that you do have, it doesn't buy much. So how do you eat, pay for fuel, pay your car payment, insurance, pay your rent / mortgage and taxes? Oh yea, banks and the IRS are still going to want to be paid, as shitty as that may be.

How will you function with money that is hardly worth anything and everything around you is too expensive to buy?

So now what? You sit around broke until someone comes up with a solution to get everything back on track again. Maybe you've lost your home and your car. Where will you be living if you do?

Were you lucky enough to keep your job to at least have a little bit of money coming in? If not, you're doubled screwed. Chances are you will lose your job.

3) Everything is finally getting back on track. Whew. Be it a new currency or due to hyperinflation they print new bills that are 1 Million Dollar Notes. However, it now costs 2 Million USD to buy a gallon of milk. But if you lost all your dollars already, how do you get your hands on such large notes in enough quantity for you to keep on living your life?

And what if a new currency is introduced? How will you get your hands on that? No one is just going to give it to you. Your bank isn't going to give you what you lost in a new currency. You won't get any unless you have something that you can buy it with or trade for it. That means you now live in poverty and there is no more middle class. Only those who prepared or were lucky enough to have some sort of assets to trade for this new currency will be getting any of this new currency. Of course, criminals would also be getting some of it because they will be stealing it from those who can not protect themselves.

So where will you end up if such a thing happens? It will be a soup line and shelter for many. Not everyone of course, as many will be prepared and many fat cats will know how to profit from it all, but if you don't know what to do and do nothing, don't prepare at all... that is the type of person who is probably going to lose everything.

Of course it may not be a worse case scenario and everyone will be fine. But if you look back in history, these sort of things happen and they happen fast without warning. The good news is, the countries always rebound even after a total meltdown. But those who lose it all in the process, are still left holding their ass.

Just go back and look at history if you want to know what will happen.

If someone even believed that there will be sustained printing of money let alone hyperinflation, then the appropriate thing to do now is to borrow as much as you can and leverage yourself into assets such as real estate, gold, commodities, stock, etc.

:2 cents::2 cents:

And there is the million dollar question, will that happen?

You are 100% dead on the money about what to be doing if you think it will. Those who play it right stand to make a lot of money and come out of such a crash a very wealthy person.

There is no doubt something will happen. Just to what degree is anyone's guess at this point.

i will state ftr, that it will never happen.



greece bailout + all world markets hit hard when u.s. market collapsed 3 years ago = u.s. saved at all costs.

The world cant accept dollars forever if the Fed just keeps printing them out of thin air.
Why should someone work hard for the money that just was printed up and is losing value all the time?
People that got a lot of USDs saved up is going to exchange them into gold/silver or other currencies because they know they will lose too much of their savings if they dont.
A couple of years ago 1 USD was worth more than 10 SEK. Now it's worth about 6.5 SEK and that's a huge drop! It was nearly under 6.0 a couple of months ago!
This is heading for a world wide disaster and it will come sooner or later. That "We're too big to fail" is just bullshit.

it will be up to your country and those along side yours, want your economy to shit bricks too, then all y'all let the u.s. collapse. your call. you rode us up during the goods times, you'll be right there when it all takes a shit, your comments prove that, your currency is inextricably tied to ours.

Hope no one went long this morning.

It's going to take a handful of other countries with it. No doubt about it.

I agree with everything you said except for people losing their homes. People are already losing their homes, wait until whatever money they do have is only worth 20% of what it was the day before and they can no longer afford it. However, you're right about the empty homes, they will become homes of squatters. But you're also going to see a lot of tents for those who have nothing and couldn't secure a house to squat in.

Doesn't Florida already have a tent area set up for people who have lost their homes? I saw something about it somewhere recently.

I suggest starting ukash agents for your sites in the tent villages, it will be just like southpark when they have to go out west for internet.

http://alientrollscience.com/i_came.jpg

What are you using to measure this?



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Okay, just curious. Wasn't sure whether you were using CPI or a derivative or some other measure, and over what period of time you were measuring.


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Yes, but all of that is nothing to worry about. Same with the USD.

Just put your faith in your government and know that your country is too big to fail. They would NEVER let it happen. Never, ever.

</sarcasm>

The dow is up 146 points so far. I have given up trying to predict what will make it rise and what ill make it crash.