I don't think the prepping lifestyle is for everyone. You are basically preparing for some unknown event at an unknown time of an unknown likelyhood and somehow this is better than the alternative? Do you prepare for everything in your life and "act as if it's inevitable"? Do you take the plane? There is a chance it might crash. Do you drive? There is a chance you could have an accident. Do you go for swims at the beach? There is a remote chance you'll get attacked by a shark. Do you eat out at restaurants or buy food at the supermarket? There is a remote chance you might get food poising of some sort. Etc. Life is a risk.
But you can do better than the other bloke to reduce risk. If you have the electricity turned off for a week, you'll wish you had taken basic prep precautions. Fact is most folk don't read history, they don't prepare for even the most likely events such as natural disaster or the grid going down. No electricity = No money, no clean water, no refrigeration, no supply chain, and utter chaos. At the least, have a pantry of canned tucker, learn how to wash your arse in a bucket, learn how to make potable water from non-potable and have some cash on hand. The life skills you have in time of strife are priceless; you can't learn how to survive or do it tough when things turn to shite, you just don't have time. How many folk wish they had learnt CPR before their kids or family needed help??? Too late when they are blue! H
If it doesn't take too much to take precautions against possible catastrophe, you'd be a fool not to take the precautions.
My understanding is that the majority of the Japanese debt is internalised within Japan with most companies and the mass of people supporting the bond market. This keeps outsiders from dictating Japanese policy.
"Maybe the Japanese people are great savers of wealth." Maybe, but those family fortunes are going to go up in smoke one day, and then what will they retire on? The old Japanese mums and dads are on a hiding to nothing in the coming years. OC
Are we not in the same boat. A hiding to nothing. The TPP and the BANK IN at the G20 will see to that. Regards Errol 43
errol, I was thinking in terms of the Japanese Treasury Bonds, many owned by old (japanese) codgers! Yes we will see 'haircuts' in bank accounts and anything else they can get their hands on. As for grabbing/confiscating gold and silver I wonder if that will happen before or after the price goes to $10,000 an ounce. Not worth doing afterwards. OC
Imagine no power right now! Are you prepared? [youtube]http://www.youtube.com/watch?v=-IJebnZIAEw[/youtube]
All I saw in the opening post and most of replies was "maybe this will happen" kind of statements. I would like to read some arguments. The only argument the opening post (implicitly) presents is: "the collapse will not happen because it hasn't happened so far", which is very weak. Many people claim that a currency collapse will take place in the near future, they present a reasoning, it makes sense and so far I haven't seen anybody capable of logically debunking it (among several forums I have been browsing).