One of my visions is of vacant Walmarts which are taken over by the
local communities and turned into bazaars for local folks to sell
wares. Gerald Celente seems to think this is a possibility too. Around
here I think the locals would run any thugs out of the area, so maybe no
"Road Warrior" scenario. If we hadn't bailed out the banks in 2008 we'd
already be living it and be doing fine.
On 04/13/2014 07:56 AM, anartax...@yahoo.com wrote:
The theory here is, because the United States currency is heavily
based on debt, once the the psychology of the US Dollar being a
standard currency is broken, there will be heavy selling of the US
Dollar as its true value equalises with the other currencies, and
hyperinflation will result, interest rates will rise, the US
government if it can sell more treasuries and bonds will have to pay
much higher interest rates, further pushing the US into debt, a
vicious cycle of doom. The worst case scenario is collapse of the
economy, as Bhairitu mentioned, with a 'Road Warrior' scenario,
paramilitary groups and warlords roaming the devastated country.
Since no country seems to be on a gold standard any more, how serious
this can be depends on how the other currencies stabilise against the
US Dollar.
As one economic advisor puts it:
'Economic reality versus illusion: There will be no recovery, just
plunge, stagnation and renewed plunge, re-intensifying the downturn
already underway. The confluence of negative surprises, including new
business and systemic woes, should hit US Dollar and spike inflation
with hyperinflation to intensify the unfolding of a depression.'
http://goldsilverworlds.com/wp-content/uploads/2012/07/US_dollar_purchasing_power_vs_gold_1774-2012.gif
If you follow the news, and the news reports heavy selling of the US
Dollar by other countries and investors in general, this is probably
how the scenario will begin to play out.