They say it's a gas leak looking for detonation. They say the event will arrive before the warning does.
There are usually no warnings that trouble is coming because everyone at the top of the financial food chain are highly incentivized to keep quiet about problems...
It'll be like being pushed out of a tree in the dark—pain and terror every inch of the way.
Another horrific stock market crash is coming, and the next bust will be “unlike any other” we have seen. We have never had this before. It’s going to be very painful for investors.
Jeremy Grantham, GMO, via moneynews.com
We have no right to be surprised by a severe and imminent stock market crash.
Mark Spitznagel via moneynews.com
The market isn't the economy, true enough, but a couple dozen trillion dollars isn't exactly budget-dust. The citizenry would see a yawning crater where their 401ks and IRAs used to be. They'd notice when their checking account is gone but their debt isn't, and when the ATM doesn't recognize their account number, or when their bank is an empty storefront and their car loan has been sold to Vinnie, or when their insurance company doesn't answer the phone. As always, people don't go nuclear until reality invites itself into their living room and defecates on the carpet. That's when things get interesting—when people notice, when they have to face what was formerly unthinkable and their only fallback is what good people they are.
History
Some would have us believe things are turning around—the market's up and the trend is your friend. Trend? Trend?! The market made gains after the Crash of 1929 too, genuine record recoveries. "Prosperity is just around the corner" referred to those 1930-1931 upticks, not to the unstoppable plunge that followed.
We’re just dancing on the front end of real economic collapse.
George Ure at urbansurvival.com
What to do. The demand for collateral will be ferocious when the debacle starts. Treat debt like any other roadside bomb. Staying current isn't enough. Any collaterized debt is too much debt.
It'll take weeks, not months to come apart. Maybe days.
Get as independent as you can while you can. There are parts of this game where the only winning move is to not play. Doesn't mean you have to go all Rambo and head off to some mountain valley, although that's one way. But it does mean putting stuff by so you can get by.
"Stuff" Any good Prepper/Survival list should do.
Knowing isn't doing, doing is doing.
You know most people won't get serious until after it was absolutely necessary. Too late. They'll fail, mostly. Worse, they'll needlessly fail at the easy part of the learning curve. Prepared is prepared, you are or you aren't. Do what you can. And as always, stay away from crowds.
Call it what you will—taxes, penalties, fees, fines, regulations, tariffs, tickets, permits, surcharges, tolls, asset forfeitures, foreclosures, etc.—but the only word that truly describes the constant bilking of the American taxpayer by the government and its corporate partners is theft.
As was noted recently in an academic paper published by Princeton and Northwestern, these United States have mutated into nothing short of an oligarchy. In fact, the study demonstrated that the will of the people has essentially zero impact on legislation whatsoever, says Michael Krieger in this article, The Ambitious Plan to Break California into 6 States – A Model for the Future?, at Liberty Blitzkrieg.
More from Ol' Remus here.
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