All true. I honestly believe that a complete Dollar Collapse will be more detrimental to the US than a limited nuclear exchange. In a Hyperinflationary Dollar Collapse scenario, I believe that if the US dollar becomes worthless by 7 a.m. one busy weekday morning, grocery stores will be empty, burning shells with some bodies in them by 10…
All true. I honestly believe that a complete Dollar Collapse will be more detrimental to the US than a limited nuclear exchange. In a Hyperinflationary Dollar Collapse scenario, I believe that if the US dollar becomes worthless by 7 a.m. one busy weekday morning, grocery stores will be empty, burning shells with some bodies in them by 10 a.m. and civilization will be gone by 3 in the afternoon. That is not wild conjecture, minds much wiser than I have written books about this stuff, it could happen very, very quickly in a heavily armed nation like this one.
I'm currently reading Shut Down by W.R. Flynn. It isn't Tolstoy or Hemingway but it gives the uninitiated an idea as to how things will play out. I'm reading it because I'm trying to find books that break down what a banking crisis and a dollar collapse would look like. In Shut Down, it all plays out exactly as you wrote - bodies by 10 a.m. and empty store shelves by 3pm.
I read it years ago. To me, it did not read like fiction. I am a suburban dad with a wife and kids, when my kids were younger if that happened my wife would have told me to get out of the house and not come back until I had food for the family, and that she didn't want to hear about the details. Imagine moms and dads all over America panicking when their dollars and debit cards were rejected and their kids were hungry. . .in unarmed countries that usually results in bread lines, but something very different would play out here, very quickly.
Wait til 20 million illegals find only *their* EBT cards suddenly cut off, and their free rent canceled. If Trump wins, the Democrats can set off a two-legged, biological nuclear bomb in this country.
Interesting idea, if welfare was cut off tomorrow, the shakeout would drive out many of our problems, and fast. 7.5 million males between 18 and 40 would have to find a job, any job to survive. Men and women would have to work together in marriages to succeed economically instead of just running away. Illegals would be heading elsewhere if their free lunch was discontinued. The ones here would be on their way home.
Welfare by the Left and their buying votes is the thing that is dragging the country down.
Are you listening to what is going on in the world right now? BRICS+ conference going on in Russia, not with a bunch of firebrands, but a group of very purposeful people determined to tear down the West. They have the power and the knowledge to do exactly that.
IMHO, their plans for the USA is to use the discord here and the illegal immigration to first segregate areas of the USA ethnically, then divide it up politically turning it into three or four smaller countries. With our government only concerned about itself, it is playing directly into their hands.
BTW, for all the folks here who have answered that BRICS+ is no problem , it is only economic, may I present to you NOKO troops in Ukraine. There was a Congressman today that stated that if NOKO goes into Ukraine, the USA needs to inject”boots on the ground”.
Good points Thomas. Add to "heavily armed nation", 30m invaders and growing daily to the chaos. If even a mere 10,000 of them have evil intent combined with the resources to assault the nation, this former republic will be brought to its knees and will thus be forced to fight from a severely crippled position.10% of shipping containers are inspected at our ports. I was on the freeways(I-75 corridor) these past 4 days and wondered what exactly was inside the many MAERSK and EVERGREEN containers I passed, and where they were headed to unload or if dead-heading for more, where their loads were now staged deep inside this borderless nation. Waiting. And that's just ONE vector of assault playing out.
Yes, I wonder that, too, when I see them on the highway. And only 10 percent of cargo containers are inspected. Where's Pete on this? Oh, I know, he's at an infrastructure project somewhere building an overpass so animals don't end up as road kill. Meanwhile, I saw a photo of an opened container holding a bunch of kids.
Of course! I saw it happen with CONvid! The shelves were empty in 2 days. It’s then that I purchased a freezer, and added to preps I already had. Be prepared!
You have to explain the reason for your scenario otherwise it IS wild conjecture.
What is the event would infect the world and the entire United States within a few hours that would collapse the currency?
It's important to remain fact-based about the financial markets now and how they interact otherwise ignorance will make you fearful and creating bad fiction.
Financial markets are “paper”. They can be destroyed in a week. Paper fiat money is only as good as the faith of the “Users” . Lose the faith, 1929, and the markets collapse. Think about right now, is the “faith” of the people based more on good monetary situations or on apathy, denial and just stupidity?
If the “faith” disappears, think about what would it be like that every monetary transaction you do a day, disappeared. Every purchase you make today would be unavailable. There would be no stores. No transportation of goods from the coasts. The cities would erupt as there would not be any goods trucked in. City folks would be out in the rural areas, ready to kill to get sustenance.
I have recommended before, “Lucifer’s Hammer”, the story of the after world reeling from a comet strike. Elimination of the money would be equivalent.
A lot of folks don't realize that the "money" they think they have in financial institutions isn't physically there ... it's just pixels on a screen and the actual money has all been loaned out. Try making any substantial cash withdrawal at your local bank, say 20k or more. Now imagine over half of depositors clamoring to pull out their cash. Bank runs and pandemonium would ensue.
Alert! I wrote a check for cash a few months ago. The bank said that over a certain amount they are required to ask what I intend to use it for. The teller was embarrassed and provided me with a "potential use." I guess we have moved from "friendly banker" to "nosey banker."
They did that to me a few yrs ago when I pulled out 20k just to keep at home ... and I had to go to 2 different branches as neither had the 20k on hand. I told them it was "for a trip to Vegas to do hookers and blow"
That was installed a long time ago in the war on drugs. They have to insure that you're not withdrawing money to buy coke. Allowing fentanyl into the country via the southern border is altogether different, however.
I know about that limit. It was $10k in cash being Deposited into a bank. This check was not near $10k and I don't think they were inquiring as to whether I was off to buy drugs with cash coming Out of my account. (Are there really people that stupid that would tell a bank they are off to buy drugs? We might as well give up then!)
It's now much lower. $2000 was the 'recommended' limit about 10 years ago, but nervous banks, to cover their behinds, report just about everybody.
Please be careful. I had a friend years ago who bought and sold boats and trucks in cash; some crumb he nodded to at a party, hoping to avoid a probate violation, snitched to the cops that 'this guy over here' had loads of cash, and the next week he had DEA smashing the sheetrock with sledgehammers in his house, looking for loot. (They took all the boats and trucks, too.) Went to prison for four years because the DA, looking right at him, swept his account books and floppys into the trashcan and said, "there's your f***ing evidence," despite his secretary and CPA's affadavits. Asset confiscation has become the #1 source of funding for cash-strapped budgets, since blacks and probationers don't pay the endless fines, warrants, and fees the local judges lay on them.
You might want to think a bit more deeply about that one. Maybe a trip to Cuba might be enlightening. Or perhaps a study on current events regarding Wells Fargo.
I will add that there is still a "zero reserve" policy in place across the US banking system ... i.e. they don't need any reserves to cover all the outstanding loans they've made. Let that sink in.
AND another thing - "bail ins" are coming with the next banking crisis. What this means is instead of bailouts, where the govt steps in to provide emergency funding, the banks can now take the money they need from depositors. And you'll also be paying your bank to hold your money. And it's all legal, courtesy of our loving, caring banksters and government cronies.
I will give you something else to lose sleep over. The bullion banks, globally, where gold is bought and sold by large entities like countries, has allowed payment with US Treasuries. There is little accounting for how much of the world’s gold is actually paper. Credit has rotted even the bulwark of wealth.
My motto is "if you don't hold it, you don't own it". Glad I've built a modest little stack of bullion the past few years. Central banks around the world are loading up on gold. Wonder how much the U.S. has stored, and when the last time it was audited (??)
"Financial markets are “paper”. They can be destroyed in a week. Paper fiat money is only as good as the faith of the “Users” . Lose the faith, 1929, and the markets collapse."
I believe the following to be the correct assessment:
The US$ is already significantly devalued, but it doesn't presently reflect its value because of money inflow due to big money getting out of worse situations..
If you want to get out of the US$, the first step is to get out of US Bonds. If the US Bond market is 10 times the value of the US stock markets, where do you expect the bond money to flow?
I believe that the US Bond money will (continue to) flow into the US stock markets (view a 10 year chart of the MERVAL for ridiculous). Then view the "all" time frame of the Venezuela Stock Market (IBVC) for an example of a no bid situation.
This is your free market capitalism, where guys like Soros know a good opportunity when they see it.
All true. I honestly believe that a complete Dollar Collapse will be more detrimental to the US than a limited nuclear exchange. In a Hyperinflationary Dollar Collapse scenario, I believe that if the US dollar becomes worthless by 7 a.m. one busy weekday morning, grocery stores will be empty, burning shells with some bodies in them by 10 a.m. and civilization will be gone by 3 in the afternoon. That is not wild conjecture, minds much wiser than I have written books about this stuff, it could happen very, very quickly in a heavily armed nation like this one.
I'm currently reading Shut Down by W.R. Flynn. It isn't Tolstoy or Hemingway but it gives the uninitiated an idea as to how things will play out. I'm reading it because I'm trying to find books that break down what a banking crisis and a dollar collapse would look like. In Shut Down, it all plays out exactly as you wrote - bodies by 10 a.m. and empty store shelves by 3pm.
I read it years ago. To me, it did not read like fiction. I am a suburban dad with a wife and kids, when my kids were younger if that happened my wife would have told me to get out of the house and not come back until I had food for the family, and that she didn't want to hear about the details. Imagine moms and dads all over America panicking when their dollars and debit cards were rejected and their kids were hungry. . .in unarmed countries that usually results in bread lines, but something very different would play out here, very quickly.
My dad warned me I would see it…quietly studying hunched over Trilateral Commission, Bilderberg, UN, prophets of old and dates of today…
Just wait until the EBT cards zero out.
Wait til 20 million illegals find only *their* EBT cards suddenly cut off, and their free rent canceled. If Trump wins, the Democrats can set off a two-legged, biological nuclear bomb in this country.
Interesting idea, if welfare was cut off tomorrow, the shakeout would drive out many of our problems, and fast. 7.5 million males between 18 and 40 would have to find a job, any job to survive. Men and women would have to work together in marriages to succeed economically instead of just running away. Illegals would be heading elsewhere if their free lunch was discontinued. The ones here would be on their way home.
Welfare by the Left and their buying votes is the thing that is dragging the country down.
Are you listening to what is going on in the world right now? BRICS+ conference going on in Russia, not with a bunch of firebrands, but a group of very purposeful people determined to tear down the West. They have the power and the knowledge to do exactly that.
IMHO, their plans for the USA is to use the discord here and the illegal immigration to first segregate areas of the USA ethnically, then divide it up politically turning it into three or four smaller countries. With our government only concerned about itself, it is playing directly into their hands.
BTW, for all the folks here who have answered that BRICS+ is no problem , it is only economic, may I present to you NOKO troops in Ukraine. There was a Congressman today that stated that if NOKO goes into Ukraine, the USA needs to inject”boots on the ground”.
Plan A.
Stay alert.
Be at the store before credit cards and checks are refused. Already have non perishable foods on hand
I have no trouble believing this and that it is very likely to happen.
Good points Thomas. Add to "heavily armed nation", 30m invaders and growing daily to the chaos. If even a mere 10,000 of them have evil intent combined with the resources to assault the nation, this former republic will be brought to its knees and will thus be forced to fight from a severely crippled position.10% of shipping containers are inspected at our ports. I was on the freeways(I-75 corridor) these past 4 days and wondered what exactly was inside the many MAERSK and EVERGREEN containers I passed, and where they were headed to unload or if dead-heading for more, where their loads were now staged deep inside this borderless nation. Waiting. And that's just ONE vector of assault playing out.
I am way more afraid of drones and AI autonomous robots.
The elite have never been in a stronger position.
To disable 99.9% of computerized stuff: Unplug.
I think you missed the whole point.
Not things I have purchased in my house. Things sent to harm or terrorize.
All those things run on electricity, or batteries... all the scary things.
Yes, I wonder that, too, when I see them on the highway. And only 10 percent of cargo containers are inspected. Where's Pete on this? Oh, I know, he's at an infrastructure project somewhere building an overpass so animals don't end up as road kill. Meanwhile, I saw a photo of an opened container holding a bunch of kids.
Of course! I saw it happen with CONvid! The shelves were empty in 2 days. It’s then that I purchased a freezer, and added to preps I already had. Be prepared!
You have to explain the reason for your scenario otherwise it IS wild conjecture.
What is the event would infect the world and the entire United States within a few hours that would collapse the currency?
It's important to remain fact-based about the financial markets now and how they interact otherwise ignorance will make you fearful and creating bad fiction.
The Euro goes before the dollar.
Financial markets are “paper”. They can be destroyed in a week. Paper fiat money is only as good as the faith of the “Users” . Lose the faith, 1929, and the markets collapse. Think about right now, is the “faith” of the people based more on good monetary situations or on apathy, denial and just stupidity?
If the “faith” disappears, think about what would it be like that every monetary transaction you do a day, disappeared. Every purchase you make today would be unavailable. There would be no stores. No transportation of goods from the coasts. The cities would erupt as there would not be any goods trucked in. City folks would be out in the rural areas, ready to kill to get sustenance.
I have recommended before, “Lucifer’s Hammer”, the story of the after world reeling from a comet strike. Elimination of the money would be equivalent.
A lot of folks don't realize that the "money" they think they have in financial institutions isn't physically there ... it's just pixels on a screen and the actual money has all been loaned out. Try making any substantial cash withdrawal at your local bank, say 20k or more. Now imagine over half of depositors clamoring to pull out their cash. Bank runs and pandemonium would ensue.
Alert! I wrote a check for cash a few months ago. The bank said that over a certain amount they are required to ask what I intend to use it for. The teller was embarrassed and provided me with a "potential use." I guess we have moved from "friendly banker" to "nosey banker."
They did that to me a few yrs ago when I pulled out 20k just to keep at home ... and I had to go to 2 different branches as neither had the 20k on hand. I told them it was "for a trip to Vegas to do hookers and blow"
lol Good One!
+1 I like your style!
That was installed a long time ago in the war on drugs. They have to insure that you're not withdrawing money to buy coke. Allowing fentanyl into the country via the southern border is altogether different, however.
Typically the distributors are pursued, not the end users. Unless, perhaps I was being followed out of the bank...how boring for "them."
I know about that limit. It was $10k in cash being Deposited into a bank. This check was not near $10k and I don't think they were inquiring as to whether I was off to buy drugs with cash coming Out of my account. (Are there really people that stupid that would tell a bank they are off to buy drugs? We might as well give up then!)
It's now much lower. $2000 was the 'recommended' limit about 10 years ago, but nervous banks, to cover their behinds, report just about everybody.
Please be careful. I had a friend years ago who bought and sold boats and trucks in cash; some crumb he nodded to at a party, hoping to avoid a probate violation, snitched to the cops that 'this guy over here' had loads of cash, and the next week he had DEA smashing the sheetrock with sledgehammers in his house, looking for loot. (They took all the boats and trucks, too.) Went to prison for four years because the DA, looking right at him, swept his account books and floppys into the trashcan and said, "there's your f***ing evidence," despite his secretary and CPA's affadavits. Asset confiscation has become the #1 source of funding for cash-strapped budgets, since blacks and probationers don't pay the endless fines, warrants, and fees the local judges lay on them.
Jacinda, your adrenochrome dealer is calling.
You might want to think a bit more deeply about that one. Maybe a trip to Cuba might be enlightening. Or perhaps a study on current events regarding Wells Fargo.
I will add that there is still a "zero reserve" policy in place across the US banking system ... i.e. they don't need any reserves to cover all the outstanding loans they've made. Let that sink in.
AND another thing - "bail ins" are coming with the next banking crisis. What this means is instead of bailouts, where the govt steps in to provide emergency funding, the banks can now take the money they need from depositors. And you'll also be paying your bank to hold your money. And it's all legal, courtesy of our loving, caring banksters and government cronies.
Ghost
I will give you something else to lose sleep over. The bullion banks, globally, where gold is bought and sold by large entities like countries, has allowed payment with US Treasuries. There is little accounting for how much of the world’s gold is actually paper. Credit has rotted even the bulwark of wealth.
My motto is "if you don't hold it, you don't own it". Glad I've built a modest little stack of bullion the past few years. Central banks around the world are loading up on gold. Wonder how much the U.S. has stored, and when the last time it was audited (??)
Central banks loading up in gold? or US Treasuries? It will probably never be audited, the real story would collapse things.
"Financial markets are “paper”. They can be destroyed in a week. Paper fiat money is only as good as the faith of the “Users” . Lose the faith, 1929, and the markets collapse."
I believe the following to be the correct assessment:
The US$ is already significantly devalued, but it doesn't presently reflect its value because of money inflow due to big money getting out of worse situations..
If you want to get out of the US$, the first step is to get out of US Bonds. If the US Bond market is 10 times the value of the US stock markets, where do you expect the bond money to flow?
I believe that the US Bond money will (continue to) flow into the US stock markets (view a 10 year chart of the MERVAL for ridiculous). Then view the "all" time frame of the Venezuela Stock Market (IBVC) for an example of a no bid situation.
This is your free market capitalism, where guys like Soros know a good opportunity when they see it.
I am the most deeply religious atheist you will ever meet, for the best of reasons.
John speaks a different dialect, is all, one which you do not understand.
All one needs do is translate.
Leave this one be. He has spent his life in the highest service, and is thus made holy.
Financial markets are merely ones and zeroes, gone in a heartbeat.
"I honestly believe that a complete Dollar Collapse will be more detrimental to the US than a limited nuclear exchange." ~ Thomas Madden
So if that is a problem that the US is confronted with, would you embrace a solution?
People’s Money: Harnessing Digitalization to Finance a Sustainable Future
https://unsdg.un.org/resources/peoples-money-harnessing-digitalization-finance-sustainable-future