The Fed has been propping up our stock market for years. And the treasury has been printing money for years and calling it quantitative easing for years. Interest rates for loans between banking institutions have been near zero for years. The IMF and other countries have been making loans (grants; they have no money to pay it back) )to bankrupt countries for at least the past 2-3 years. Any of these countries default and it would put the world economy in danger of collapse. Greece, at least, confiscated citizens assets to pay some of their obligations. France and some other countries increased taxes to insane levels to pay some of theirs. The economy of the world is hanging by a hair. It will take about two weeks after such a collapse for chaos to ensue. Internet, liquid fuels, electricity, clean water and food would cease in that order. This is only because most people have a week or more of food on hand, or it would be closer to the beginning of the list.
Posted on: Mon, 29 Dec 2014 15:38:15 +0000
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