Your Last Chance To Prepare For What Could Be The Most Dangerous Year in Human History
June 15, 2012
That most dangerous year begins as soon as Spain and Greece default on their bonds if there is no systematic worldwide program of scientific and rational debt cancellation.
In France bank runs take the form of computers going down when too may customers demand their money. In Italy BNI shut down leaving customers with as little as ten or twenty euros to feed their families for a month. People with automatic paycheck deposit saw their wages deposited into a bank that legally did not have to give them any money to buy food and pay their bills.
Lessons Learned: Cash in hand is more valuable than credit at a bank. And automatic check deposit might not be such a good idea in times of bank runs and banking holidays.
On July 4, 2008 a bottle of beer in Zimbabwe cost 100 billion dollars at 5:00 PM but at 6:30 the price had soared to 150 billion dollars. Inflation was running about 11% in America until the euro crisis. It has cooled because the dollar has temporarily reversed its long downward trend. The USDX measures the dollar against the value of six currencies including the euro, pound and yen. The USDX had dropped 48 points from 120 to 72. But the USDX has risen to around 82. Expect steady inflation when the dollar returns to 72. When, not if. it drops down below 72 expect Hyperinflation.
Daniel Estulin tells us that devaluing the dollar is high on the Bilderberg 2012 agenda. If the dollar ceases to function as an international reserve currency, the prices Americans pay will double almost overnight and that is by anyone’s definition Hyperinflation.. Under these conditions it is far wiser to buy storable food or at least a food dehydrator to take advantage of seasonally low prices. Compare what happens to a family that buys a lot of food now and rotates their stock versus the person who keeps his money in the bank and takes out what he needs to buy one week at a time. In Argentina they closed the banks and allowed limited ATM withdrawals until at the end of a year their deposits had become absolutely worthless. In Argentina middle class families with money in the bank were reduced to going through garbage bins to find food to eat. Do not let this happen to you. The worldwide economic collapse will begin as soon as this summer if not before the end of 2013. Remember it is better to be a year early than a day late when it comes to preparing for a disaster.
Lesson Learned: Stocking up on food is a far better way to save than piling up credits in a bank.