Rioting and looting will force the government to declare martial law and the government will be all to happy. A new division of military police will be created and in all the chaos, the constitution and bill of rights will be suspended indefinitely.
Overnight, people will be living in a nightmare. Overseas, economies backed by the USD and debt will be collapsing just like the USA. Countries who don't have a debt problem will be buying anything opposing the USD and debt based currencies. A small elite of corporate giants and those whom invested in physical real-world assets will have the power to barter, if by force the government doesn't seize and take control of these assets first.
2014 will be the start of a chain of events that will lead to an utter collapse of anything fiat. It's coming and there is no denying it. People who wish to ignore the facts will be in for a big shock and unfortunately, they'll be the ones who will be hit the hardest.
Educate yourself and others. Prepare for what's coming, because it's mathematically guaranteed to happen. Unless by some 'mystery' the United States discovers some form of wealth which ain't gonna happen!
My father took this viewpoint of collapse 30 years ago... and he's been waiting for it ever since. It's good to diversify and protect wealth. But decisions based on emotion is a great way to blow up wealth. And that is exactly what the goal of this piece is - stirring up fear.
I'm bearish... but not on everything!
Gold and Silver may not be all that protective. It's better to have stockpiles of non-perishable foods, ammo, and guns, but including that, it's also great to have (as I've noted before), stockpiles of gold and silver preferable offshore in another country which doesn't have any debt problems and won't also collapse if the US does.
In these countries, traders will be on top of it buying anything opposite the USD and other fiat currency pairs, and this includes gold and silver. If you manage somehow to get out of the US or any effected nation in any case, it's best to have some form of 'wealth' where you'd be headed.
The decision to diversify isn't based on emotion or fear. The truth is, everyone should be afraid! The debt is growing, the spending is non-stop, the GDP growth is minimal because of government regulations and taxes. Businesses are outsourcing and the evident of that is joblessness. It's a hole which the government dug us into and there's no one but dirt up there for miles.
True, people should not just take all their savings and dunk it in one thing and pray. That's why I say educated yourselves and learn which best things may help you and where to put some of those things in the event of an economic collapse. But don't wait until you wake up one day and your dollars are worthless!
Good points never the less.