Thursday, August 8, 2013
Surviving The Coming Financial Armageddon ~ The Collapse Of The Dollar And The Stock Market
survivalism expert Jim Rawles discussed how the collapse of the dollar and the stock market could cause civil unrest in major metro areas, and shared tips for preparedness. Eventually, foreign investors are going to demand a higher rate of return on treasury paper and "that will be the key trigger to unravel the whole ball of wax," he said. This will certainly happen within the next 10 years, probably within the next two years, he stated. If we have a solar storm or EMP event, it could take down our telecommunications system. Food stamps (which some 43 million Americans currently receive) are now on EBT cards, handled by a centralized computer system. If that system goes down, we'd have riots within hours, he warned.
The US continues to be plagued by unemployment, under-employment, and college students swimming in student loan debt, Rawles noted. He advises students to complete college in six years rather than four, taking part-time jobs to pay their way through school. In general, people should pay down their debts, and reorder their finances, working out a budget to figure out which expenses they can do without, he suggested. Regarding preparedness, it's important to gradually stock-up on staple supplies for as much as three years, if you have the storage,
Jim Rawles has been an enthusiastic survivalist since his teenage years. He is now a survivalist author and lecturer and the editor of www.SurvivalBlog.com. He is a former U.S. Army intelligence officer who held a Top Secret security clearance (with Special Background Investigation) and access to Sensitive Compartmented Information (SCI).