Im not saying its absolutely going to happen,but I am saying its alot more likely at this time than some of you guys think.I find alot of people make the mistake of assuming that if it were to happen,then it would automatically be the most extreme case[as in the gov. falling over too]I dont think thats always the case.Back in the depression,in the states,the government survived,but most of peoples savings in the bank was irretrievable.[Ofcourse it was -you cant pay a persons invested money back when you have relended it out 10 or 2o times over ,at least not if everyone wants it back at once.Hell,the head of the reserve bank of England came right out and said that they were 2-3 weeks away from a financial meltdown at one stage.We're not talking about the depression days here.This was just a year or two ago.As far as I know[correct me if Im wrong]those who held treasury notes back in the depression were ok-I know for a fact that those who had a good stash were sweet[think Joe Kennedy]
I think some of you are confusing the end of our cushy lifestyle with the end of civilization.There are lots of stops along the way.
Im just suggesting changing the way of thinking to dealing with things on a more local level and if possible protecting what youve got by getting rid of debt first,and if theres some left over maybe sacrificing a bit of interest on your savings[theres a reason gov. bonds pay less interest]
That way,if the scenario that some of you think is impossible,happens,you hopefully will have a bit of dosh for supplies,and maybe a water tank or woodburner.If its a depression, that sweet cash will buy alot more of that stuff than now.Since we are on the silver thread-Its seems to make since to have a bit of that stuff for insurance purposes.Im talking about another hopefully bit of security,rather than a major speculation.It may well be worth speculating on as well ,but thats another issue that Im sure lots will be happy to debate
For those of you who have a nest egg-let me introduce you to an interesting new thought-You may survive,or even get rich alot quicker by simply protecting what you've got..