Mac Slavo | SHTFPlan.com
It can be difficult to understand the repercussions that would follow a collapse of the global economy, stocks and debt markets. While we know a serious financial event is coming, determining how it will impact our lives and preparing an appropriate strategic plan to mitigate the fallout can be a confusing and stressful undertaking.
The questions being asked by concerned Americans are plenty, but the answers are not so easy to come by. Should I keep money in my retirement accounts? What publicly traded companies are recession-proof? Will gold and silver really be of value if the whole system comes crashing down? Should I have some cash? How much food should I stockpile if the regular flow of commerce is affected? Will there be riots in my city?
In the following interview with X22 Report Spotlight, well known analyst and contrarian thinker Greg Mannarino of Traders Choice succinctly explains the challenges we face as individuals and as a nation. He doesn’t mince words and goes straight to the heart of the problem: out of control debt.
As Mannarino explains it, we are facing an event so serious that it will directly impact just about every person on earth. But before we can prepare for it, we need to understand what it is that’s going to happen and what a worst-case scenario may look like:
The central banks… by us adopting a debt-based economic model, which demands that cash be borrowed from the future in greater and greater amounts to sustain what we have here, have created an alternative universe which would not exist. If we did not have access to all of these funds that we’re borrowing from the future and inflating this debt we would not have the lifestyle that we have now.
It’s created a population boom… a population boom has risen in tandem with the debt. It’s incredible.
So, when the debt bubble bursts we’re going to get a correction in population. It’s a mathematical certainty.
Millions upon millions of people are going to die on a world-wide scale when the debt bubble bursts. And I’m saying when not if…
When resources become more and more scarce we’re going to see countries at war with each other. People will be scrambling… in a worst case scenario… doing everything that they can to survive… to provide for their family and for themselves.
There’s no way out of it.
They understand where this is going… Let’s put this into perspective… The world’s central banks, by going negative [interest rates] they’ve turned the entire financial system upside down. That’s how desperate they’ve become. They’re charging people to put cash into these institutions…
It can’t work. It’s not how it’s designed to work.
So, that should tell us all how close we must be to this moment.
As Mannarino notes, it should be obvious that we are on the very cusp of an implosion of the debt-based system upon which our entire societal structures are built. When that system falls, so too will life as we have come to know it.
Hoping Mannarino is wrong, but assuming he’s right with his assessment, we are looking at an event that may well lead to a bursting of the population bubble, something the late Michael Ruppert warned about a half-decade ago:
There are only two great bubbles on this planet left to go. The Chinese bubble and the human population bubble. And after the Chinese bubble goes the human population bubble goes.
Last week we highlighted a report suggesting that by 2025 the population of the United States could be reduced by up to 78% as a result of a global crisis such as what Mannarino describes.
The expansion of commerce, food, energy, housing, and just about everything else we’ve seen over the last fifty years has been the result of credit, and thus debt, expansion. Once credit markets seize up and no more debt can be thrown onto the backs of a populace who is broke and unable to repay their existing loans, the system seizes up.
To get a small-scale view of what an event like that may look like we need only look to Greece in recent years. When credit markets froze and their government, local businesses and population could no longer get loans and commerce essentially came to a standstill. Not only were jobs hard to come by, but access to medicine disappeared, people were fighting for food, and the power to the entire country was almost shot off.
In Greece we saw what happens to a thriving nation once the money stops flowing. It wasn’t pretty. Luckily, because it was just one country within the European Union, the-powers-that-be were able oversee the collapse much like a controlled demolition of a building.
But what happens when the same effect goes global, as Mannarino says it likely will?
Who will come to the rescue?
In the immediate aftermath, the simple answer is “no one.” The average person will be left to fend for themselves.
Assuming the worst case scenario comes to pass and the multi-trillion dollar global debt markets collapse, the immediate aftermath will indeed be met with panic. That will quickly turn to anger as people realize that no help is coming. Subsequently, as Mannarino recently noted, the world will become Baltimore.
So how do we prepare for such an outcome?
- First and foremost start acquiring essential resources now – that means food and medicine.
- Have a way to source clean water and energy, because in the middle of a crisis utility infrastructure workers will, just like you, stay home to protect their families.
- And on that note, have a way to defend yourself. When everywhere becomes Baltimore, emergency response from law enforcement will be virtually non-existent.
In her book The Prepper’s Blueprint, Tess Pennington outlines a long-term strategic preparedness plan designed to cover multiple layers of preparedness, from immediate emergencies lasting two to eight weeks, to longer-term sustainability for an extended crisis of one year or more.
Failure to plan accordingly will mean that you and your family will be directly exposed to the rioting, looting and violence as the system comes unhinged.
When a massive, unplanned disaster occurs, societal breakdowns, gang driven crime and chaos are all a part of what happens when a society is turned upside down. It is actually the people and not the disaster that create societal breakdowns. Unfortunately, some who participate in the breakdown of society feel their desperation is a justified reason and opportunity to steal. While some participate out of desperation to get what they need for their family.
However, the running theme in these scenarios is that desperation has no boundaries. This is the human condition and a harsh reality. When a person is in a desperate situation, they will stop at nothing to get what they need to survive. This is the entire point of preparing for disasters.
A person cannot rely solely on their country to rescue them. There has to be some sort of self sufficiency if a person wants a better chance at survival.
Hoping for the best will only get you so far. Planning for the worst may save your life.