Originally Posted by CCBullseye
The most likely SHTF is when the European Union and EURO zone falls apart. This will cause a crash of many of the "Too Big to Fail Banks" in the US. This would cause a quick SHTF This would cause a crash in the US Bond market too. It would likely cause the electronic banking system to come to a halt. Imagine what happens when no one can use their plastic card to get gasoline, Gas stores can not get delivery of gasoline cause they can't do bank drafts upon delivery. Walmart can't process any plastic payment from customers. IF they can not get the banking system up and running within a week, then the power grid becomes at risk of going down. This is the greatest danger
. We were only a few hours away from a banking freeze up of our money
system in 2008.
If this happens, it is best to be heading for open water towards a place where the local people don't care if the corner ATM machine works or not.
Personally, I might not head
for open water, but instead go to farmer friends and load up a couple of tons of grains and then sail to some rich gated communities on the waterfront and sell them fresh ground whole wheat flour for their sterling silver heirloom flatware. Do the math, ten silver forks will buy a ton of wheat now, and could be sold
as flour for 350 forks later. That works out to a $10,000 profit per ton. Should be able to buy plenty of hired guns
to help for that kind of profit. How many tons could your boat
How the Greek Debt Crisis works !
It is a slow day in a little Greek Village.
The rain is beating down and the streets are deserted. Times are tough. Everybody is in debt. Everybody lives on credit.
On this particular day a rich German tourist is driving through the village. He stops at the local hotel
and lays a €100 note on the desk, telling the hotel
owner he wants to inspect the rooms upstairs in order to pick one to spend the night.
The owner gives him some keys and, as soon as the visitor has walked upstairs, the hotelier grabs the €100 note and runs next door to pay his debt to the butcher.
The butcher takes the €100 note and runs down the street to repay his debt to the pig farmer.
The pig farmer takes the €100 note and heads off to pay his bill at the supplier of feed and fuel
The guy at the Farmers' Co-op takes the €100 note and runs to pay his drinks bill at the taverna.
The publican slips the money along to the local prostitute drinking at the bar, who has also been facing hard times and has had to offer him "services" on credit.
The hooker then rushes to the hotel and pays off her room bill to the hotel owner with the €100 note.
The hotel proprietor then places the €100 note back on the counter so the rich traveller will not suspect anything.
At that moment the traveller comes down the stairs, picks up the €100 note, states that the rooms are not satisfactory, pockets the money, and leaves town.
No one produced anything. No one earned anything. However, the whole village is now out of debt and looking to the future with a lot more optimism. And that, Ladies and Gentlemen, is how the bailout package works!