Excellent interview with FerFAL on coming USA collapse

[sammy]

http://www.chrismartenson.com/blog/argentina-case-study-how-economy-collapses/59179

[Ripon83]

This statement from .Fal has been around a long time. People having issues at fueling station, going to work, and home.....but they did stay home, did go to work, and though their society suffers still today it's not the SHtF scenario many perceive here.

[OHOD]

Yup.
I agree.

[paul0660]

All I really want is to set up an island for the people whose predictions didn't come true. If, in 1975, you say all the oil is going to be gone by 2000, have a nice time eating grubs on New Years Day 2001. There is no downside to making stupid predictions otherwise.

[Calplinker]

End of the world

All I really want is to set up an island for the people whose predictions didn't come true. If, in 1975, you say all the oil is going to be gone by 2000, have a nice time eating grubs on New Years Day 2001. There is no downside to making stupid predictions otherwise.

Yeah, no kidding. Not trying to say the OP feels this way but quite a few people seem to REALLY want there to be a melt down of society.

I'm not sure why. Should it ever happen, good people will lose their lives, including people they consider friends and perhaps even their family members.

Makes me curious how they reconcile the resulting suffering and death with whatever motivates them to hope for a collapse.

Frankly, I'm not sure they fully understand the consequences. There are no video game resets or "do-overs".

[Ripon83]

Dates

Those who set dates I agree, but otherwise watching various indicators does, or should, give you cause for concern. At some point the leading indicators should be followed. I'd hate to wake up like the people did in Argentina with the banks completely closed one day and not set to re open. You can bet Bill Gates and company wont' suffer any problems, but how about you?

All I really want is to set up an island for the people whose predictions didn't come true. If, in 1975, you say all the oil is going to be gone by 2000, have a nice time eating grubs on New Years Day 2001. There is no downside to making stupid predictions otherwise.

[sammy]

. If, in 1975, you say all the oil is going to be gone by 2000, have a nice time eating grubs on New Years Day 2001. .

The US peaked in the 1970's. We are lucky enough our Saudi friends like our American dollars. The world peaked in 2005. I guess we will start importing from Mars.

[dandingo13]

It's very surprising to me to find so many gun enthusiasts basically deny that an economic collapse is virtually impossible in the USA. The reason that I started getting into firearms is to protect myself in a worst-case scenario. I didn't start buying guns because it's cool or fun to shoot. I bought them because they are the best form of protection when there's no other alternative.

The more I did my research, the more I found that an economic collapse is pretty much inevitable. I can give about 10 reasons why it's most likely going to happen, but I'll only provide a few quickies:

1. Worldwide and local financial crisis: All oil in the entire world must be purchased with the dollar. Our dollar has declined at an insane rate. The Saudis inflate the price of oil directly proportionate to the dollar. Don't believe me? Look at a graph in relation of the dollar's value vs. the price of oil. The Fed prints more money and buys more debt, the dollar loses more value.

2. DEBT: Our debt is $14.21 TRILLION. I want someone, anyone, to explain to me how we are going to get out of this debt. If you say that we need to raise taxes, then we'd have to raise them so significantly that even if everyone in our country gave 100% of their income, it still wouldn't cover the debt. If you say to cut most gov't programs, which we need to do anyway, then I ask you what is going to happen when the handout brigades of the country stop getting their free money. If I had to guess, I'd say that scenario would make the L.A. riots look like a game of bridge at the senior rec center.

3. Worldwide food shortages. It is well known that there are major food shortages worldwide. This was before the tornadoes and floods in the midwest that wiped out acres and acres of farm land. Not only that, but farmers have been unable to plant new crops because of all the rain that they had received this year. Just go to the store and compare prices from even 6 months ago. Prices have skyrocketed. For example, I buy oatmeal pretty much every month. Just 6 months ago, I was getting it for $.69/lb. I now pay $.99/lb. That's a 30% INCREASE in a half of a year!

Like I said, these are just a few examples. If anyone can explain to me how these problems are going to be rectified with valid answers, I'm more than willing to listen. I've yet to find the answers because I know that there is pretty much no rectifying the situation. That is, besides my faith.

[dustoff31]

This statement from .Fal has been around a long time. People having issues at fueling station, going to work, and home.....but they did stay home, did go to work, and though their society suffers still today it's not the SHtF scenario many perceive here.

That's true. It was ugly, but nowhere near the "Mad Max" scenario that many portray. In fact, in many of FerFAL's writings he makes clear that he doesn't think very highly of those people.

[Ripon83]

Well Thought

You make good points, but I have concerns about the dollar. If they stop the QE process the dollar will increase in value.....oil down.....silver/gold down, but deflation will take over. Govt will cut back, wages reduced at the business level, and when the situation gets bad enough a new QE starts. Then inflation returns. Mean while you get the likes of Soros who plays commodity futures with this until the rubber band snaps

It's very surprising to me to find so many gun enthusiasts basically deny that an economic collapse is virtually impossible in the USA. The reason that I started getting into firearms is to protect myself in a worst-case scenario. I didn't start buying guns because it's cool or fun to shoot. I bought them because they are the best form of protection when there's no other alternative.

The more I did my research, the more I found that an economic collapse is pretty much inevitable. I can give about 10 reasons why it's most likely going to happen, but I'll only provide a few quickies:

1. Worldwide and local financial crisis: All oil in the entire world must be purchased with the dollar. Our dollar has declined at an insane rate. The Saudis inflate the price of oil directly proportionate to the dollar. Don't believe me? Look at a graph in relation of the dollar's value vs. the price of oil. The Fed prints more money and buys more debt, the dollar loses more value.

2. DEBT: Our debt is $14.21 TRILLION. I want someone, anyone, to explain to me how we are going to get out of this debt. If you say that we need to raise taxes, then we'd have to raise them so significantly that even if everyone in our country gave 100% of their income, it still wouldn't cover the debt. If you say to cut most gov't programs, which we need to do anyway, then I ask you what is going to happen when the handout brigades of the country stop getting their free money. If I had to guess, I'd say that scenario would make the L.A. riots look like a game of bridge at the senior rec center.

3. Worldwide food shortages. It is well known that there are major food shortages worldwide. This was before the tornadoes and floods in the midwest that wiped out acres and acres of farm land. Not only that, but farmers have been unable to plant new crops because of all the rain that they had received this year. Just go to the store and compare prices from even 6 months ago. Prices have skyrocketed. For example, I buy oatmeal pretty much every month. Just 6 months ago, I was getting it for $.69/lb. I now pay $.99/lb. That's a 30% INCREASE in a half of a year!

Like I said, these are just a few examples. If anyone can explain to me how these problems are going to be rectified with valid answers, I'm more than willing to listen. I've yet to find the answers because I know that there is pretty much no rectifying the situation. That is, besides my faith.

[Kid Stanislaus]

Dandingo13 wrote: "Our debt is $14.21 TRILLION. I want someone, anyone, to explain to me how we are going to get out of this debt. If you say that we need to raise taxes, then we'd have to raise them so significantly that even if everyone in our country gave 100% of their income, it still wouldn't cover the debt."

It goes without saying that we'll NEVER be able to pay off that debt. The day will come when we'll have to pay higher interest on the bonds we sell and that will lead to either much higher taxes or a default. We can thank our political leaders from BOTH parties for that dating all the way back to the 1930's.

[PANTyRAiD]

Yeah, no kidding. Not trying to say the OP feels this way but quite a few people seem to REALLY want there to be a melt down of society.

I'm not sure why. Should it ever happen, good people will lose their lives, including people they consider friends and perhaps even their family members.

Makes me curious how they reconcile the resulting suffering and death with whatever motivates them to hope for a collapse.

Frankly, I'm not sure they fully understand the consequences. There are no video game resets or "do-overs".

Of course everyone on Calguns wants a meltdown...What other excuse would we have to use our nice loud toys and all the ammo we've saved up over the years?

[1surfguy]

Force majeure

http://en.wikipedia.org/wiki/Force_majeure

2. DEBT: Our debt is $14.21 TRILLION. I want someone, anyone, to explain to me how we are going to get out of this debt. If you say that we need to raise taxes, then we'd have to raise them so significantly that even if everyone in our country gave 100% of their income, it still wouldn't cover the debt. If you say to cut most gov't programs, which we need to do anyway, then I ask you what is going to happen when the handout brigades of the country stop getting their free money. If I had to guess, I'd say that scenario would make the L.A. riots look like a game of bridge at the senior rec center.

[Joewy]

http://en.wikipedia.org/wiki/Force_majeure

Cant do it. The only thing keeping us going right now is that comodities are pegged to the dollar. If we renig on the debt then the dollar will no longer be accepted in trade. They will demand gold or silver or some other item of value. But this is not the really big problem. That is the Unfunded, mandated spending that the gov has already promissed. This is the retirements and benifets of the gov workers who now average almost 50% of the jobs out there.

[Ripon83]

$14.3 is nothing

Pegged properly by the post above, our "promises" to our own people for basically free health care, social security etc is reaching towards $100 trillion. Renig on the debt and paying for that is done; and the people will suffer. What happened in Argentina would likely happen here in a very similar way. Middle class wiped out....Gates and Soros will be fine.

Cant do it. The only thing keeping us going right now is that comodities are pegged to the dollar. If we renig on the debt then the dollar will no longer be accepted in trade. They will demand gold or silver or some other item of value. But this is not the really big problem. That is the Unfunded, mandated spending that the gov has already promissed. This is the retirements and benifets of the gov workers who now average almost 50% of the jobs out there.