It should be clear that something is very wrong in financial markets.
There is a wide body of evidence confirming this assessment, but most recently we learned that China has dumped over half a trillion in dollar-denominated assets and many of the same scenarios we saw in 2008 are playing out all over again.
just to survive for there could be a scenario where not even plastic credit cards or debt cards would offer any help.
If America goes the way of Greece and the government enacts capital controls you can fully expect hours-long lines at ATM machines and banks just to get your daily allotment of – 0.
Should the system buckle we can expect widespread rioting, panic and confusion, something for which the government has been actively training personnel to handle on a mass scale. Copyright Information: Copyright SHTFplan and Mac Slavo.
Thus, while you may not be able to hand a pre-1965 junk silver quarter to your grocery clerk in the immediate aftermath of a financial emergency, barter markets will likely emerge just like they did in Greece following the initial collapse of that country and at that point trading directly with gold, silver or other physical assets like liquor, cigarettes and food may become commonplace.
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But how do you prepare for the uncertainty of what’s to come?
Armstrong says you’d better have some cash on hand for short-term disruptions, just in case your financial institution shuts down like they did in Greece: No institution is safe for all can be closed by decree, including credit unions. They may not confiscate it, but they can deny access.