Once this girl lets loose, it will flush all kinds of capital out of Europe. The Douche Bank debacle will be the "Lehmann Bros" of 2016.
http://beforeitsnews.com/opinion-liberal/2016/05/moodys-downgrades-deutsche-bank-now-two-steps-from-junk-another-lehman-crisis-to-hit-the-world-2529173.html
I am expecting a collapse this year, complete with rioting and general social and economic collapse.
Buckle up - and make sure your debts are paid off. I just took another loan out against my 401K to make sure I am not running my wind mill operation on credit (401K loan default is not debt, other than against a future tax load if your job dries up and you cannot repay it).
This is not tax advice - just what I am doing to make sure I am not carrying installment or credit card debt.
People I think it's time to buy your oil in bulk. Minimum is 12 quarts per person.
ReplyDeleteI don't believe the call out will happen until June or July 2017 but I know Julie Rowe said food prices will escalate after the eq/stock crash. I think we might have a few months to really bulk up on things like oil, olives, cocoa, candy, tomato sauce, soups, chili, meats etc.
Keep your freezer, fridge and pantries stocked full. And your car tank full with some extra gas stored at your house.
1 year food storage should already be in everyone's home but it's the 90 days food that will keep everyone happy when the world goes weird. (Remember only a few people know this is happening, the rest of the world will believe this banking glitch will be fixable by printing more money, they will go on with life as normal, using credit cards to get them through until the government approves a new budget)
Time to get a few chickens and grow a garden.