Global Economic Collapse

I must say, I am a little concerned with the direction the world is going and the fact that all fiat and debt based currencies eventually collapse. 20 trillion in debt, two hundred trillion in unfunded liabilities, the dollar being demoted as the worlds currency among others. I am feeling like the time is getting closer (although I have to admit I never thought it could last as long as it has).

Does anyone else feel a time of reckoning is approaching?

Does anyone else feel the time is growing short to prepare?

What do you believe will be the zombie apocalypse?

What have you done to prepare?

What do you feel are your weakest/strongest points should something happen?

I have spent years acquiring things I believe will be helpful should something happen. My zombie apocalypse is imagined as something akin to the great depression and WWII. My weakest preparation point would be gardening and the ability to access game animals to hunt. My strongest point is that I have an inventive mind and I can fix much around the house. I can help others and I am very experienced at negotiations and bartering.

To loosely quote the current Pope, there are religious fanatics engaging in a sort of piecemeal World War 3. These people are trying to bring about the apocalypse, because their religion tells them to.

I know how to grow my own food, forage from the forest, build in the wild. And I have guns.

But honestly, I don't stress about these things. There was a time with no computers, cell phones, modern technology. The world went on. Humans are resourceful, and have a great ability to adapt. Dare I say, Top of the food chain.

https://www.youtube.com/watch?v=3cQNkIrg-Tk

I can plow a field, can raise animals, and know what to do with grain. I'm not the most fit person out there, but I don't have any health issues. I fear for those in the cities. Anything bad happens, and you're looking at starvation, mass riots, looting, and warfare in the streets.

Scary times we live in....

Food is real , that makes every thing else real . Money takes care of it self , it's real but not .
The door is opening to terrorism on our land , that I have no answers for.

I've heard that part of the colapse is due to over inflated prices of things like scrap. Also because we build with no planned occupants like china's enormous housing bubble. I was dumbfounded when I cam home from Tennessee after being gone for two years to see how many empty strip mall dotted the treasure valley. Brand new foundations sat for years and weeds grew over them. Talk about throwing away your money! And people wonder how we got into such a big mess. The frustrating thing is that it seems the only benefactors before the colapse are the rich and powerful. The minority cashes in for a few few years then the whole nation suffers for a decade because the only thing people could see was a dollar. That dollar is gonna bring about the end of the world if we're not careful.

Do you think Gold or silver has a future ?

Part of the problem is that our currency is debt based. If all debt were to be paid off, there would be no money because every bit of the money lent into circulation would have disappeared as the loan that created it was destroyed. The other problem is that there has to be a constant increase in the debt or everything stops.

Look at it this way... It is just me and you and Uncle Sam who has a printing press. I have a rock that you want. I tell you that it will cost 100 printed things and you tell me, "that is fine." I tell Sam I think you are good for the debt and Sam says, "Okay, I will give him 100 printed things as long as he pays me back 110 printed things in 11 weeks. I give you the rock and you give me the 100 printed things and promise to work for ten printed things a week. At the end of ten weeks, I have given you back all of the printed things I have and you have given back all the printed things to Uncle Sam (so all of the lent money has disappeared), but you still owe 10 printed things that do not exist. In the end, the payment must be satisfied with printed things that do not exist. In essence, it is a pyramid scheme. It will only work for as long as you can find the next sucker to take more printed things as "payment" to be used as "payment" to the next sucker. Sooner or later the interest dwarfs the actual value of real items the money was lent to purchase. There is nothing left for all the money to buy and the price must rise. Now add to that the fact that Sammy has just been running the press night and day to buy things Sammy wants to buy and soon there is so many printed things that no one has enough printed things to convince someone to part with something that actually has a value. In the end, it is a mathematical certainty that it will fail, it is just a question of how long people will believe it will not fail. This is not to say that it is completely without value as it has allowed the greatest prosperity for the greatest amount of people the world has ever known.

I feel sorry for those dependent on the dollar and stuck in metropolitan areas. Farmers and ranchers will still be able to feed themselves when the dollar disappears. I do not think gold or silver has any value compared to food, water, and shelter. This is my bet. Welcome to my world.

Final statement: Depend on yourself before you depend on others.

t00.....- I'll take all your printed things if you don't want them and we'll see how long it takes until no one will take them :lol:!!

Not that I frequent them but when hookers stop taking printed things as payment, then you know a see change is at hand.

I don't know if there's a situation where fiat money suddenly all goes valueless, its so ingrained in people to pay with it, and now it doesn't even have to be physical, just electronic transfers. I bought the book Death of Money a couple of years back because I had just a long lay-over at a an airport. I thought the book very interesting but some of the scenarios seemed a bit far out there. I think a more interesting case would be what if the electrical grid and all the electronic payment/transfers capabilities went down and stay down for a good long time (6 months or more), what would happen then with "money"?? There's a report out there about if the right 50 or less places were hit, it would take the electrical grid down for extended period of time (6 months to over an year). That would certainly put a crimp in the typical American lifestyle and probably collapse your pyramid payment scheme.

I've never put much stock in paper money. Skills, knowledge, tangible items, bartering said tangible items (like tools, metals, crops), and labor get me along as well as I need.

A debt based economies are the reason we have the tech we have today and the much easier lives then we did 100 years ago and before. Whole industries would collapse in a month without people ,companies, and governments being able to finance everything based on debt. Pretty much every government on the planet spends more then they bring in every year while financing the rest and using inflation to keep things intact.

When and if the dollar collapses so does the rest of the worlds money and economies. Economic collapse means a fast race to feudal times where a few families (call them kings) own all the land, water, and air and everyone else gets to work to just get by living in perpetual debt that gets passed down to your kids. I don't see the dollar going away for the simple reason its not based on any commodity and can be controlled enough so that people still use it. Inflation takes care of debts both public and private in the long term.

What is going to screw up society is global warming. in 100 years the land that is farmable will be much less then what we have now, oil will be running low by then so that fertilizer that we need just to sustain the crops we have now will be very expensive. People in the next 50-100 years will starve by the 10's of millions causing widespread war over food (and land that can grow it plus any natural water sources). Heck whole countries will be under sea water in Asia and so wall so many of the western port cities. While rising water will be slow enough so that people can relocate, it will destroy trillions in property values and cause massive chaos in distribution of material things as well as people. The Syrian war was caused by lack of water for crops, think what will happen when clean water gets scarce in Asia. Just India and Pakistan duking it out will cause all kinds of problems even if the rest of the world is not dragged into it.

Anyway people who think a few lumps of gold and silver or a small garden will get them through what will be coming down the road and in for a big surprise.

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Originally Posted by DakotaRog

t00.....- I'll take all your printed things if you don't want them and we'll see how long it takes until no one will take them :lol:!!

Not that I frequent them but when hookers stop taking printed things as payment, then you know a see change is at hand.

I don't know if there's a situation where fiat money suddenly all goes valueless, its so ingrained in people to pay with it, and now it doesn't even have to be physical, just electronic transfers. I bought the book Death of Money a couple of years back because I had just a long lay-over at a an airport. I thought the book very interesting but some of the scenarios seemed a bit far out there. I think a more interesting case would be what if the electrical grid and all the electronic payment/transfers capabilities went down and stay down for a good long time (6 months or more), what would happen then with "money"?? There's a report out there about if the right 50 or less places were hit, it would take the electrical grid down for extended period of time (6 months to over an year). That would certainly put a crimp in the typical American lifestyle and probably collapse your pyramid payment scheme.

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Thank you for the thoughtful gesture. At this time, I have found others willing to trade for things I want for the printed dollar. The thing that really brought the realization of what could be was stamp collecting as a kid. I found a bunch of stamps that had one denomination printed and another denomination stamped over top of it. You could easily tell what was done, but it intrigued me that it had been done. I still have the collection and I keep these stamps around to keep in mind what it is that "could never happen". This is one of them. It is a 5 Thousand that has had 2 million stamped over it...

http://i385.photobucket.com/albums/o...nces2/2mil.gif

Food is king. Try eating a gold coin- it hurts! You may be able to use it to purchase food from a farmer, but in that case, the gold coin isn't saving you; the farmer is saving you (As we've been doing for centuries). The farmer will feed himself and his family first. Then, he may or may not sell excess crop. The value of that gold coin has no value other than what is assigned to it by the farmer.

I'd much rather try to barter an old pickup truck to a farmer than a gold coin. He can do something with the truck. Now, what is he really going to do with a gold coin?

since fiat currency has been around (excluding early china's going back to the 15th century) 600+ types of currency no longer exist. 150+ as a result of hyper inflation due to over issuance
The remainder were revalued, destroyed by military occupation/liberation, renamed for political reasons, or were converted to another currency.

currencies are born and die just about every year all around the globe.
there is only one other globally accepted currency older than the U.S. dollar and It would quickly become the goto in the case the dollar fails. IMO

Global warming is a scam meant to de-growth America . China is just about finished with over 300 coal electric power plants
Japan also is replacing it's nuclear plant for coal
The real agenda is to fine companies and figure a way to Tax Carbon related industry's
It would seem to me the ocean is endless , We are told It's expensive to desalinate water .
I say if the human race stopped spending Trillions of dollars on WAR and KILLING Then we could take that same money
take ocean water desalinate and pipe it baron treeless areas . Trees produce air .

The human race could replant the earths deserts allowing them to become lush with Trees and wild life .
Just as You and I decide how to spend our money and what we do with our time . The human race is misspending it's money and
Time on the wrong things.

Re planting the earth could mathematically be figured as to how many trees are needed .
But this is wish full thinking cause as we speak , weapons to destroy humans are be made instead of water to re plant earth
https://www.youtube.com/watch?v=eK0nEV5dWBA

https://en.wikipedia.org/wiki/Desert_greening

Our time on earth is a gift . All we need is here on earth to correct it's problems I am just one human But you know what I purchased yesterday - A double barrel 12 gauge shot gun . Yes thats what concerns of crazy people caused me to do . So I am also a part of destruction verses reforestation .

How do you plant 1 billion trees a year? With drones, of course : TreeHugger

The mean tempature of the world has risen a few degrees in the last 2 centuries. So the earth is warming up. But the earth is coming out of an ice age. Trees use as much oxygen as they produce, and all the carbon dioxide they consume is stored in their roots and woody tissue. When the plant dies, and consequently decomposes, the carbon dioxide is released. Without carbon dioxide the Earth would be frozen, but too much and the Earth would be hellish.

I have been pondering as of late, at what point in human technological advancement, would we never go back to living similar to midevil times? We have past that point. Too many people know how to build a combustion engine, generate their own electricity etc.

If currency collapses, scrap iron could be more valuable than gold. Have rejoice my fellow scrappers, prices for scrap iron would go through the roof!!

Well I guess we should Hoard some prime scrap iron just in case

Im in my 40's, at school in 1980 we talked about the 'end of the world' and how planets would line up and disasters happen.
Then later it was the nuclear bomb thing with Russia, then Nostradamus, then more rubbish, then Y2K....then rising sea levels (?!) a bunch of other stuff, asteroids etc etc. Non of its happened at all.

There was a huge Tsunami on India's west coast on boxing day (the day before that I happened to mention that 'something big as a disaster was supposed to happen this year, only got 6 days left) ouch.
9/11, day before that I was listening to a psysic doing his thing on the radio from NewYork and he messed up and it became obvious he was a fraud, I wish I had recorded that as a example. But I also said then that "I bet something big happens in NewYork tomorrow and he never mentions it..."
Ouch.
Christchurch in NZ got flattened by a earthquake, pop 400,000. Nobody saw that coming... That's about the only natural disaster in a 1st world country ever. But its being built up again. Actually its a economy saver for NZ, keeps people employed, wages high, taxes high, brings in millions if not billions of Insurance $$$$ to NZ. Worlds newist city. It only killed a small amount of people, compared to cars or alcohol.

Throw in Aids, Ebola (x2), foot and mouth, mad cow and a few other world ending diseases. Chernobyl... Running out of fresh water..
None of its come to anything yet. Or even got close to it.

But a couple of months ago I pick up a early 70's whole earth catalogue sorta book and they are talking about how there's 'no more oil left', how the Alaskin pipelines a dud and it will be targeted by terrorists (shhhh!) Why we are going to run out of Iron, Gold, Silver, Aluminium, Copper etc etc...

It has not happened. No where even near it.

If anything, we have a near never ending glut of oil, coal and minerals, all we need to do is mine them, and some are just byproducts of mining other stuff. Like Lead is. The only reason why we still get money for it is because the rest of the world does not want to touch it.
We have a oversupply because of car battery's. We have shipped the lead problem to China.
And I get 1/2 what everyone else gets for battery's because I'm the furthurest away from China than anybody else.

The middleast problem? Maybe we were all looking the wrong way for the last 5 decades...... I dunno how that's going to play out.
Rumour says NZ is sitting on more oil than ever known about anywhere ever.? Dunno either, we do get oil slicks off our coast from nowhere sometimes..
Could happen..
Israels sitting on a the deepest hole ever that's got a layer of fine Gold ? Metres thick at the bottom, more than known world supply's.. Dunno either.