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The Trigger has been pulled, the Crash has begun. How are things going to play out? My take...

 
iglowinthedark

User ID: 11794134
United States
02/23/2013 01:10 AM
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Re: The Trigger has been pulled, the Crash has begun. How are things going to play out? My take...
What would you do? Sell home and be debt free with cash on hand or stay in home and continue to struggle with payments.
 Quoting: Anonymous Coward 34923012


It is too late for them to engineer a 'soft landing'. There is no point in trying to pay off personal debt anymore, the time has come to quietly stock your basement to the rafters with canned goods and the means to protect your stuff. If you live in an area where there is no chance of you being safe in a Crash, find relatives in a safer area and have plans on hand to pile in the car and go there with your last couple of tanks of gas.
 Quoting: kaibosh



^^^This^^^ I never let my gas tank get below half mark, either.
iglowinthedark
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02/23/2013 01:13 AM
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Re: The Trigger has been pulled, the Crash has begun. How are things going to play out? My take...
We have obviously crossed the threshold folks, things are falling apart by the day and the game of Kick the Can has at long last gone as far as it can. The rest of the World no longer has a choice, the United States is no longer the big bully on the playground who won WWII and their fingers are no longer so firmly around the throat of the planet. The long lunatic nightmare of Bernanke monetary ponzi schemes cannot continue.

It will be interesting to see what their plan is to try and switch the U.S. (and possibly the World) to a new currency system. My take?

There will be an immediate bank holiday across the board, stopping all transactions of any kind in all avenues of banking and stock markets. This will likely happen on a Friday afternoon, and there will be no warning. A temporary state of martial law will be instituted, in which people are told to basically stay at home as though they are taking a sudden 'cheap holiday' and things like trucking of supplies of normal groceries and the like will be the only thing still going on under strict military rules, keeping all emergency supplies of diesel available to those lines of credit used for that infrastructure. Military escorts of supply convoys will be the only thing moving on U.S. highways for perhaps several weeks until they restart the engine under the new rules. Police in all cities will be given total freedom to 'shoot first, ask questions later' for any deviation from total movement restriction of citizens. Examples will be made, and the media will carpet bomb the public with this message.

The U.S. will lock down the dollar (both digital and paper) to a complicated SDR basket of currencies around the World, the Canadian dollar will figure heavily in this. This will obviously include devaluation across the board of many world currencies, and some of the currencies (like our Canadian dollar) will also be strictly controlled during this time (wanna know why we care so much? 90% of our economy is still directly tied to you Yanks) The U.N. and IMF will be token heads of an emergency council that all countries of the World will have no choice but to agree to (barring a few examples in the Middle East and North Korea, Cuba, a few South American countries, etc).

Debt restructuring will be performed from top to bottom. The 1.4 Quadrillion derivatives bubble will pop like the veritable tree falling in the forest that no-one hears. The wage structure of the entire United States will be chopped off at the knees when jobs are 'started' again, and people are going to learn rather bluntly that their standard of living is going to drop by a large margin. Even when financial markets are loosened on the leash enough to make it look like things are 'running', foodstuffs and all energy (gas, diesel, natural gas, propane, etc) will be price controlled from that point on. This could be seen as an enforced Socialist military junta rule, which it is, but honestly there really is no choice.

Production of goods will continue by force if necessary, people will clamor to the new low wage positions because they won't have a choice. It is either that or starve.

Inner cities could collapse entirely during the transition period, the military in all forms will setup blockades around zones in these areas and food rations will be handed over in exchange for firearms and ammunition. It doesn't even bear mentioning the horrors that await some areas during this period. Within two weeks of supply infrastructure collapse things like rape, murder, and cannibalism will be commonplace. People are exactly three square meals away from becoming savages, it is as simple as that. In San Fransisco there are 17,500 people per square mile, I won't go into lurid details but let's just say there will be shoot-outs in the local 7/11 for the last bag of Doritos a lot sooner than most people think.

More at link --> [link to investmentwatchblog.com]
 Quoting: kaibosh


It would be interesting to see what kind of spillover effects would happen in Canada, considering that 90% of its population live within a two-hour drive (or less) from the US border.

I could well imagine hordes of Americans trying to get across the border and into Canada, and its military and police forces would be overwhelmed trying to deal with all the refugees simply because there are too few soldiers and cops to handle such a task.

Methinks most border crossings would be heavily barricaded to try to slow down the influx, and bridges might even have to be blown - think of the crossings located at Sarnia, Windsor, and Niagara Falls, Ontario and others along the St. Lawrence River between New York and Ontario. But all of these measures would require significant advance notice and careful coordination between the US and Canadian governments.

It'd be a nightmare, for sure.
 Quoting: Anonymous Coward 34143673

bsflag
Why in the fuck would anybody want to go to canada.You all are way worse than us and have no economy if we collapse.Stupid fucking cannuck leaches.
Anonymous Coward
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02/23/2013 01:47 AM
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Re: The Trigger has been pulled, the Crash has begun. How are things going to play out? My take...
What would you do? Sell home and be debt free with cash on hand or stay in home and continue to struggle with payments.
 Quoting: Anonymous Coward 34923012


when this happens you won't have to ever worry about mortgages,credit cards again.
mail won't be going/getting out either-

how could you sell a home in a monetary meltdown anway ?
Anonymous Coward
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02/23/2013 01:51 AM
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Re: The Trigger has been pulled, the Crash has begun. How are things going to play out? My take...
This thread smells like the inside of a cattle shed.
Anonymous Coward
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02/23/2013 01:59 AM
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Re: The Trigger has been pulled, the Crash has begun. How are things going to play out? My take...
I don't see it happening like that, not that it isn't possible .. but because the nature of politics right now.
Anonymous Coward
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02/23/2013 02:19 AM
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Re: The Trigger has been pulled, the Crash has begun. How are things going to play out? My take...
We have obviously crossed the threshold folks, things are falling apart by the day and the game of Kick the Can has at long last gone as far as it can. The rest of the World no longer has a choice, the United States is no longer the big bully on the playground who won WWII and their fingers are no longer so firmly around the throat of the planet. The long lunatic nightmare of Bernanke monetary ponzi schemes cannot continue.

It will be interesting to see what their plan is to try and switch the U.S. (and possibly the World) to a new currency system. My take?

There will be an immediate bank holiday across the board, stopping all transactions of any kind in all avenues of banking and stock markets. This will likely happen on a Friday afternoon, and there will be no warning. A temporary state of martial law will be instituted, in which people are told to basically stay at home as though they are taking a sudden 'cheap holiday' and things like trucking of supplies of normal groceries and the like will be the only thing still going on under strict military rules, keeping all emergency supplies of diesel available to those lines of credit used for that infrastructure. Military escorts of supply convoys will be the only thing moving on U.S. highways for perhaps several weeks until they restart the engine under the new rules. Police in all cities will be given total freedom to 'shoot first, ask questions later' for any deviation from total movement restriction of citizens. Examples will be made, and the media will carpet bomb the public with this message.

The U.S. will lock down the dollar (both digital and paper) to a complicated SDR basket of currencies around the World, the Canadian dollar will figure heavily in this. This will obviously include devaluation across the board of many world currencies, and some of the currencies (like our Canadian dollar) will also be strictly controlled during this time (wanna know why we care so much? 90% of our economy is still directly tied to you Yanks) The U.N. and IMF will be token heads of an emergency council that all countries of the World will have no choice but to agree to (barring a few examples in the Middle East and North Korea, Cuba, a few South American countries, etc).

Debt restructuring will be performed from top to bottom. The 1.4 Quadrillion derivatives bubble will pop like the veritable tree falling in the forest that no-one hears. The wage structure of the entire United States will be chopped off at the knees when jobs are 'started' again, and people are going to learn rather bluntly that their standard of living is going to drop by a large margin. Even when financial markets are loosened on the leash enough to make it look like things are 'running', foodstuffs and all energy (gas, diesel, natural gas, propane, etc) will be price controlled from that point on. This could be seen as an enforced Socialist military junta rule, which it is, but honestly there really is no choice.

Production of goods will continue by force if necessary, people will clamor to the new low wage positions because they won't have a choice. It is either that or starve.

Inner cities could collapse entirely during the transition period, the military in all forms will setup blockades around zones in these areas and food rations will be handed over in exchange for firearms and ammunition. It doesn't even bear mentioning the horrors that await some areas during this period. Within two weeks of supply infrastructure collapse things like rape, murder, and cannibalism will be commonplace. People are exactly three square meals away from becoming savages, it is as simple as that. In San Fransisco there are 17,500 people per square mile, I won't go into lurid details but let's just say there will be shoot-outs in the local 7/11 for the last bag of Doritos a lot sooner than most people think.

More at link --> [link to investmentwatchblog.com]
 Quoting: kaibosh


It would be interesting to see what kind of spillover effects would happen in Canada, considering that 90% of its population live within a two-hour drive (or less) from the US border.

I could well imagine hordes of Americans trying to get across the border and into Canada, and its military and police forces would be overwhelmed trying to deal with all the refugees simply because there are too few soldiers and cops to handle such a task.

Methinks most border crossings would be heavily barricaded to try to slow down the influx, and bridges might even have to be blown - think of the crossings located at Sarnia, Windsor, and Niagara Falls, Ontario and others along the St. Lawrence River between New York and Ontario. But all of these measures would require significant advance notice and careful coordination between the US and Canadian governments.

It'd be a nightmare, for sure.
 Quoting: Anonymous Coward 34143673

bsflag
Why in the fuck would anybody want to go to canada.You all are way worse than us and have no economy if we collapse.Stupid fucking cannuck leaches.
 Quoting: Anonymous Coward 934


Uh huh
Anonymous Coward
User ID: 1119045
Germany
02/23/2013 02:22 AM
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Re: The Trigger has been pulled, the Crash has begun. How are things going to play out? My take...
We have obviously crossed the threshold folks,
 Quoting: kaibosh


If I had a NICKLE for every time someone here said that, I'd be as rich as Romney.



.
Limpan

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Sweden
02/23/2013 02:47 AM

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Re: The Trigger has been pulled, the Crash has begun. How are things going to play out? My take...
This would only happen once the world wake up and the peak oil bubble have burst. When it's about printing money there is no end to what the can do.
Anonymous Coward
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United States
02/23/2013 03:14 AM
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Re: The Trigger has been pulled, the Crash has begun. How are things going to play out? My take...
bsflag
Integrity101

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02/23/2013 03:16 AM

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Re: The Trigger has been pulled, the Crash has begun. How are things going to play out? My take...
bsflag
 Quoting: Anonymous Coward 19405217

bump
kaibosh (OP)

User ID: 34007758
Canada
02/23/2013 04:01 AM
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Re: The Trigger has been pulled, the Crash has begun. How are things going to play out? My take...
I've been at work all day, nice to see some action in this thread. I strongly agree with the 'slow doom' theory of how this Crash will take place, BUT the one thing they simply won't be able to hide is the price of food. If you haven't noticed, it has been creeping inexorably upwards at a fairly alarming rate, obviously a hell of a lot faster than the purported rate of inflation (which as we all know is a joke).

The reason the Crash hasn't tipped over the edge of the precipice into Olduvai Gorge yet is because the contraction across the World in 2008 allowed the summit of Peak Oil to be shoved a little further down the road. The usage of energy plummeted, everywhere, from personal use all the way up to entire countries. The fiat currency Ponzi scheme started when the first goldsmiths started handing out more slips of paper than they had gold to back it up with was working GREAT, until they finally hit the one thing they couldn't fake - finite energy. As soon as that point was reached, the Federal Reserve started pumping pretend money into the system to keep the Debt Monster from catching up and blowing the whole thing out of the water. Trillions of dollars injected into the major 'banks' all over the World, so they could keep pretending that the endless champagne glass pyramid of derivatives could just keep going, and going, and going. If this was done by anyone else in the world, hyperinflation would have exploded into wheelbarrows full of cash for a loaf of bread overnight. It is only because the U.S. has FORCED the rest of the World to carry their debt as collateral that we have gone as long as we have.

All the deniers in this thread, I will casually label you as 'too big to fail' camp. Can you seriously stick to this absurd ostrich head in the sand standby with what has been going on in the World even just in the past few weeks? Do you think the rest of the World is going to let the United States keep blasting 85 Billion a month into the banks/markets? There will be a cascade of corrections across the globe, dominoes toppling over and heading straight for the good old United States of America. Everyone is going to demand full repatriation of all precious metal holdings, and we already know that ship has sailed and all that is left in Fort Knox is a bunch of tungsten bars with a thin film of gold over them.

As for the people in this thread who question why Canadians are so well informed, it's because we live beside a neighbour who has grossly overspent their allowance for far too long, and we still have a pantry full of stuff. Canada has the most fresh water in the World, nearly endless bitumen (and the newer techniques are getting more and more EROEI) endless trees, etc, etc. The new Global currency should be the Canadian dollar, directly tied to our physical resources, but we all know it isn't going to go down like that. Well guess what, you 330 million Yanks - when you don't have any gas left in the Hummer you will be forced to try and invade our land on foot, and we will be waiting. NOTHING makes me laugh more than the brainwashed nonsense that Canada isn't full of firearms. Trust me, we are ready.
Phil Kaliperinski
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02/23/2013 04:24 AM
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Re: The Trigger has been pulled, the Crash has begun. How are things going to play out? My take...
We have obviously crossed the threshold folks, things are falling apart by the day and the game of Kick the Can has at long last gone as far as it can. The rest of the World no longer has a choice, the United States is no longer the big bully on the playground who won WWII and their fingers are no longer so firmly around the throat of the planet. The long lunatic nightmare of Bernanke monetary ponzi schemes cannot continue.

It will be interesting to see what their plan is to try and switch the U.S. (and possibly the World) to a new currency system. My take?

There will be an immediate bank holiday across the board, stopping all transactions of any kind in all avenues of banking and stock markets. This will likely happen on a Friday afternoon, and there will be no warning. A temporary state of martial law will be instituted, in which people are told to basically stay at home as though they are taking a sudden 'cheap holiday' and things like trucking of supplies of normal groceries and the like will be the only thing still going on under strict military rules, keeping all emergency supplies of diesel available to those lines of credit used for that infrastructure. Military escorts of supply convoys will be the only thing moving on U.S. highways for perhaps several weeks until they restart the engine under the new rules. Police in all cities will be given total freedom to 'shoot first, ask questions later' for any deviation from total movement restriction of citizens. Examples will be made, and the media will carpet bomb the public with this message.

The U.S. will lock down the dollar (both digital and paper) to a complicated SDR basket of currencies around the World, the Canadian dollar will figure heavily in this. This will obviously include devaluation across the board of many world currencies, and some of the currencies (like our Canadian dollar) will also be strictly controlled during this time (wanna know why we care so much? 90% of our economy is still directly tied to you Yanks) The U.N. and IMF will be token heads of an emergency council that all countries of the World will have no choice but to agree to (barring a few examples in the Middle East and North Korea, Cuba, a few South American countries, etc).

Debt restructuring will be performed from top to bottom. The 1.4 Quadrillion derivatives bubble will pop like the veritable tree falling in the forest that no-one hears. The wage structure of the entire United States will be chopped off at the knees when jobs are 'started' again, and people are going to learn rather bluntly that their standard of living is going to drop by a large margin. Even when financial markets are loosened on the leash enough to make it look like things are 'running', foodstuffs and all energy (gas, diesel, natural gas, propane, etc) will be price controlled from that point on. This could be seen as an enforced Socialist military junta rule, which it is, but honestly there really is no choice.

Production of goods will continue by force if necessary, people will clamor to the new low wage positions because they won't have a choice. It is either that or starve.

Inner cities could collapse entirely during the transition period, the military in all forms will setup blockades around zones in these areas and food rations will be handed over in exchange for firearms and ammunition. It doesn't even bear mentioning the horrors that await some areas during this period. Within two weeks of supply infrastructure collapse things like rape, murder, and cannibalism will be commonplace. People are exactly three square meals away from becoming savages, it is as simple as that. In San Fransisco there are 17,500 people per square mile, I won't go into lurid details but let's just say there will be shoot-outs in the local 7/11 for the last bag of Doritos a lot sooner than most people think.

More at link --> [link to investmentwatchblog.com]
 Quoting: kaibosh


All of the major metropolitan areas have outstripped the land. The actual physical land and surrounding areas cannot support the number of people without transportation and oil and gas. The further away you are from one of these areas the better - not to say it would be any easier - but far away from these areas you may get some chance of some normalcy albeit a rocky one.
Anonymous Coward
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02/23/2013 04:54 AM
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Re: The Trigger has been pulled, the Crash has begun. How are things going to play out? My take...
Line up and sell my physical
precious metals and hope to
repurchase it and more at
much much much lower prices
in one year.
kaibosh (OP)

User ID: 34007758
Canada
02/23/2013 04:57 AM
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Re: The Trigger has been pulled, the Crash has begun. How are things going to play out? My take...
All of the major metropolitan areas have outstripped the land. The actual physical land and surrounding areas cannot support the number of people without transportation and oil and gas. The further away you are from one of these areas the better - not to say it would be any easier - but far away from these areas you may get some chance of some normalcy albeit a rocky one.
 Quoting: Phil Kaliperinski 32728816


You will notice that my predictions are for a best case scenario 'soft landing' at heart, one where an infrastructure forms within weeks to keep people from starving to death. One where the electricity stays on. One where the National Guard hasn't fallen back from the cordons and the inner city gangs haven't formed up well managed posses that head out to rape and pillage from the countryside.

There are really two 'Crashes' to discuss, the one where the U.S. dollar is forced to correct and the bigger picture where our entire global population simply collapses like the fabled reindeer on the island. That is another story altogether, and to that end there are groups out there planning Georgia Guidestone style 'balance with nature' sustainable populations, but... For the immediate future, the current system is a bubble so insanely over-ripe that it simply CANNOT go on much longer. This correction will mean hundreds of millions of people starving, but I hope that Humanity as a whole still has one more chance to rise up and say "enough" and start again, one where people live within their means and their abilities. The United States used to be a great country, a country that produced a lot of goods. Since September 2001, 10,000 production jobs have been lost a month - mostly across the Pacific. Until something happens to bring balance to that insanity, we teeter on the brink.
G3
G3

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02/24/2013 12:00 AM

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Re: The Trigger has been pulled, the Crash has begun. How are things going to play out? My take...
bump
TenStar'd

User ID: 35050701
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02/24/2013 12:39 AM

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Re: The Trigger has been pulled, the Crash has begun. How are things going to play out? My take...
"Since September 2001, 10,000 production jobs have been lost a month - mostly across the Pacific. Until something happens to bring balance to that insanity, we teeter on the brink."

Mother Nature will see to it and send it ALL over the brink. Soon...

And to that I say,
"Brink It On"

Last Edited by TenStar'd on 02/24/2013 12:39 AM
I AM THAT I AM IN ALL THAT YOU ARE, IN YOU I LIVE AND MOVE AND HAVE MY BEING EVERMORE
Anonymous Master
Isis One

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02/24/2013 12:42 AM

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Re: The Trigger has been pulled, the Crash has begun. How are things going to play out? My take...
OP, what do you think of the OPPT stuff? (One People's Public Trust)
Spread the word, change the collective conscious......
THERE IS MORE THAN ENOUGH OF EVERYTHING TO GO AROUND

When you are undisciplined, the universe is extremely forgiving and when you are disciplined, the universe is extremely generous. Me
Anonymous Coward
User ID: 3509081
Canada
02/24/2013 01:04 AM
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Re: The Trigger has been pulled, the Crash has begun. How are things going to play out? My take...
What about all the counties who want their money back?
 Quoting: Anonymous Coward 13807648


the countries?

they get paid with dollars...fresh off the press...

that's why this can't crash...the U.S. can keep paying debt with paper...worthless paper..that is stamped U.S. DOLLAR

it's just slow death of the dollar...it could take years
 Quoting: Anonymous Coward 19932676


Thats where your wrong. China has tons of gold and they already told the Us if they keep printing money they won't be nice about lauching there gold backed yuan.

Us done like dinner already.
Anonymous Coward
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02/24/2013 01:10 AM
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Re: The Trigger has been pulled, the Crash has begun. How are things going to play out? My take...
This is the kind of thing that would start the "ball rolling"... Pandemic.

[link to losangeles.cbslocal.com]
^^^^
Thousands May Have Been Exposed To Deadly TB Epidemic Downtown
 Quoting: Anonymous Coward 12863535


That kills to slow. There's one brewing in the Middle East is called a New Novel Corona Virius. Kill rate of 50%. On its way shortly.

News








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