Economic Alert: If You’re Not Worried Yet…You Should Be

Forecaster Brandon Smith sees an end to the European Union and worldwide repercussions before the end of 2012. He got my attention. Not to panic just yet, but keep in mind what you can do to protect yourselves if we get into a food supply crisis.

Read more http://oathkeepers.org/oath/2012/05/16/economic-alert-if-you%e2%80%99re-not-worried-yet%e2%80%a6you-should-be/

Bruce

"For the past four years I have been covering the progression of the global economic crisis with an emphasis on the debilitating effects it has had on the American financial system. Only once before have I ever issued an economic alert, and this was at the onset of the very first credit downgrade in U.S. history by S&P. I do not take the word “alert” lightly. Since 2008 we have seen a cycle of events that have severely weakened our country’s foundation, but each event has then been followed by a lull, sometimes 4 to 6 months at a stretch, which seems to disarm the public, drawing them back into apathy and complacency. The calm moments before each passing storm give Americans a false sense of hope that our capsized fiscal vessel will somehow right itself if we just hold on a little longer…"

Comment from Stewart Rhodes, the founder of Oathkeepers:

"In the economic collapses of Wiemar Germany, Hungary, and Austria in the 1920s, people would have been thrilled to have 50 lbs of rice, beans, wheat, anything at all to eat. City people took suit-cases full of the family silver and jewelry out to the country and traded them for one bag of grain or potatoes. They traded grand pianos for a bit of food.

We need to face the fact that the dollar cannot be saved, and it will die, just like the German Mark in the 20s, and just like the Argentinian Peso in 2001. In both examples, people saw the value of their paper currencies drop by 75% in just a couple of days when the rest of the world stopped accepting their currency and began to dump it. Once the rest of the world stops taking dollars, and they instead dump the dollar on the market, you will see the same thing happen here. When that happens, many people, especially those on a fixed income, will not be able to afford food even if it is still available. And then, it is also very possible that the food will not be available at any price. This happened in Germany, Hungary, and Austria in the 1920s. The farmers no longer wanted to send their produce into the cities for worthless Marks, and instead held onto their crops and consumed them or traded among themselves. The cities were left with no food, and that is when you saw desperate city people hauling their family treasures out to the country to trade for a bag of anything edible.

That is what is coming here. It is time to get our houses in order, and then get our neighborhoods and local communities prepared."