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US civil war
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<blockquote data-quote="CaryP" data-source="post: 11622" data-attributes="member: 34"><p><strong>US civil war</strong></p><p></p><p>Darkwolf/Phil, </p><p> </p><p>Thanks for your post. The possibilities of a financial collapse grow by the day. The admitted federal budget deficit and the trade deficit will top $1 Trillion this year. A botched election will cause some serious down drafts in the financial markets. The debt berg that the U.S. has accumulated over the last 20+ yrs. is unprecedented in the history of the planet. Foreign investors are starting to pull money out of the U.S. Financial firms (Fannie Mae, Freddie Mac, brokerage firms, mortgage firms, etc.) are seeing some major weakness in the stock market over the last several weeks. Throw in a derivatives market collapse (way possible) and you have the needed ingredients for a financial nightmare. Financial collapses and depressions or severe recessions have always preceded war. History is full of these examples. All I'm trying to say is that a financial collapse is a very real possibility/probability. It probably won't happen in a short period of time, because most countries have a vested interest in keeping the game going. My guess is that we'll see a slow motion crash over the next two years in the financial markets and the banking system. But, as a precaution it could happen very quickly if the herding impulse takes over in the financial markets. This has happened numerous times throughout history. It starts slow at first, and suddenly accelerates to the downside in a panic. A lot of people who've leveraged up with debt (mortgage, car loans, and credit cards) will be thrown out in the streets with next to nothing. Not a good scenario for a peaceful populace. </p><p> </p><p>The Chinese have the most to gain and the least to lose in an American and developed countries' financial collapse. They have the ability to create this just by dumping their dollar reserves and the Treasury debt they hold - it's pushing a trillion dollars between dollar reserves and Treasury debt they hold. Yeah, they'd suffer some, but putting us on our knees financially would be an easy way to gain the upper hand militarily without firing a shot. Having the U.S. in an Argentine style meltdown, coupled with civil unrest would be just their game. I'm not saying the Chinese govt. would do this now, but they have the capacity to do so. Okay, enough of the China rant. </p><p> </p><p>I don't know about what the military would or would not do. I'm not advocating insurrection. But the scenario you outline would not be pretty. If Rex 84 kicks in with a "red" terror level, FEMA takes over state and local govts. with the military enforcing it, and state and local police get folded up into the program. Big problems with that for citizens and LEO's. </p><p> </p><p>The whole thing gives me the willies. Let's hope beyond hope that we wake up next Wednesday with a clear winner in the presidential race that won't be decided in the courts. Things get real dicey if we don't. </p><p> </p><p>Cary</p></blockquote><p></p>
[QUOTE="CaryP, post: 11622, member: 34"] [b]US civil war[/b] Darkwolf/Phil, Thanks for your post. The possibilities of a financial collapse grow by the day. The admitted federal budget deficit and the trade deficit will top $1 Trillion this year. A botched election will cause some serious down drafts in the financial markets. The debt berg that the U.S. has accumulated over the last 20+ yrs. is unprecedented in the history of the planet. Foreign investors are starting to pull money out of the U.S. Financial firms (Fannie Mae, Freddie Mac, brokerage firms, mortgage firms, etc.) are seeing some major weakness in the stock market over the last several weeks. Throw in a derivatives market collapse (way possible) and you have the needed ingredients for a financial nightmare. Financial collapses and depressions or severe recessions have always preceded war. History is full of these examples. All I'm trying to say is that a financial collapse is a very real possibility/probability. It probably won't happen in a short period of time, because most countries have a vested interest in keeping the game going. My guess is that we'll see a slow motion crash over the next two years in the financial markets and the banking system. But, as a precaution it could happen very quickly if the herding impulse takes over in the financial markets. This has happened numerous times throughout history. It starts slow at first, and suddenly accelerates to the downside in a panic. A lot of people who've leveraged up with debt (mortgage, car loans, and credit cards) will be thrown out in the streets with next to nothing. Not a good scenario for a peaceful populace. The Chinese have the most to gain and the least to lose in an American and developed countries' financial collapse. They have the ability to create this just by dumping their dollar reserves and the Treasury debt they hold - it's pushing a trillion dollars between dollar reserves and Treasury debt they hold. Yeah, they'd suffer some, but putting us on our knees financially would be an easy way to gain the upper hand militarily without firing a shot. Having the U.S. in an Argentine style meltdown, coupled with civil unrest would be just their game. I'm not saying the Chinese govt. would do this now, but they have the capacity to do so. Okay, enough of the China rant. I don't know about what the military would or would not do. I'm not advocating insurrection. But the scenario you outline would not be pretty. If Rex 84 kicks in with a "red" terror level, FEMA takes over state and local govts. with the military enforcing it, and state and local police get folded up into the program. Big problems with that for citizens and LEO's. The whole thing gives me the willies. Let's hope beyond hope that we wake up next Wednesday with a clear winner in the presidential race that won't be decided in the courts. Things get real dicey if we don't. Cary [/QUOTE]
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