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Preppers' Corner
Conflicted... Deck #2 Card #2
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<blockquote data-quote="FRISKY" data-source="post: 2723711" data-attributes="member: 35298"><p>Most likely it would be a collapse of our monetary system. When the Government can't give money and food to support the enormous welfare state, there will be riots and looting on a massive scale. It isn't IF it will happen, it's WHEN it will happen.</p><p></p><p>The United States bases it financial structure on Debt. In 1971 it changed from our currency being backed by actual Gold we had in our possession...to nothing...in order to gain more debt without the safeguard of using the Gold Standard as a control to our monetary structure.</p><p></p><p> Now the Central Banks and Federal Reserve run the equivalent of a Ponzi scheme that cannot be sustained.</p></blockquote><p></p>
[QUOTE="FRISKY, post: 2723711, member: 35298"] Most likely it would be a collapse of our monetary system. When the Government can't give money and food to support the enormous welfare state, there will be riots and looting on a massive scale. It isn't IF it will happen, it's WHEN it will happen. The United States bases it financial structure on Debt. In 1971 it changed from our currency being backed by actual Gold we had in our possession...to nothing...in order to gain more debt without the safeguard of using the Gold Standard as a control to our monetary structure. Now the Central Banks and Federal Reserve run the equivalent of a Ponzi scheme that cannot be sustained. [/QUOTE]
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