Most people will hold onto their paper and electronic wealth until it’s too late. Then when the real panic starts most will freeze like deer in the headlights, and then it will be all over as stocks crash and banks take a holiday with your deposits kept out of your pockets. If you trust banks at this point you deserve to lose everything you have.
The day the market dropped like a stone (1000 points) is just one signal; an indication that something truly scary is coming. Everybody is now in the pool of paper wealth and when the fire starts to boil the water under their feet everyone will rush out. The problem is that only one small ladder made of gold and silver and a few other select tangibles can save your wealth. Most people will financially drown when the musical chairs of bank and governmental fraud ends. Getting out early is the lesson and if you’re still in the game when the music stops you will get wiped out.
Banks and brokerages will close, so it’s imperative you exit the fiat currency system now. As each week passes many more will come to the realization that everything they own is a stake, even their lives and those of their loved ones. Hesitation can literally kill your chances to survive in the post Green Shoots La-La land. Things will remain orderly until too many people head for the ladder at the same time so only the early escape ones will make it, the rest will be trampled in the panic. Gold and silver will skyrocket and become the world’s reserve currency despite continued efforts by those holding up the paper banking system to discredit it.
Richard Russell, the famous writer of the Dow Theory Letters says that by the end of this year they won’t recognize the country. He says to do our friends a favor and tell them to "batten down the hatches" because there’s a HARD RAIN coming. Tell them to get out of debt and sell anything they can sell (and don’t need) in order to get liquid.
During Argentina’s catastrophic period of 1991-2001, which ended in massive default; half of all Argentineans fell below the poverty line. But not one bank fell, they are all still in business. The future of austerity measures now taking hold in certain countries, coming during an increasing orgy of debt, is going to offer a repeat of the Argentine experience of the man on the street losing his shirts to the banks once again.
Argentinian economist Adrian Salbuchi said recently that the Argentinean people were told that they would pay back domestic and foreign banks for the aggregate profligacy of their leaders. Salbuchi explains that Argentina, "underwent its worst systemic banking, public debt and monetary collapse, which led to social turmoil, mad violence, rioting, and social war.”
Today, we look at Greece, Portugal, Spain, Italy, Ireland, Iceland, England and States in the good old USA entering either IMF or self austerity measures for the people while the governments are doing all they can on behalf of banking interests. Banks are given a lifeline by sucking the blood further from the local populaces leaving the poor guy on the street holding the bag.
The inevitable then occurs: the Government sends the police out to the streets to protect the bankers, themselves and New World Order power of elite interests. Violence then flares up, people get hurt starve and die but the rich look on and the banks continue their nasty game of financial terrorism with them charging interest on money they create out of thin air.