“Time is running out fast. I think we have maybe a few months — it could be weeks, it could be days — before there is a material risk of a fundamentally unnecessary default by a country like Spain or Italy which would be a financial catastrophe dragging the European banking system and North America with it. So they have to act now.”
“The only two guns in town, one is only theoretical, and that is increasing the size of the EFSF to 3 trillion. It should happen but it can’t for political reasons. The other one, the only remaining share is the ECB. They may have to hold their noses while they do it, and if they don’t do it, it’s the end of the euro zone.”
What we have here is an ideal set of conditions for a tipping point to arise in our financial system. When such a tipping point occurs, you should expect wild volatility in the markets and be prepared for things to be moving far too quickly to react to with any sort of precision or grace.
That’s why it’s best to be pre-positioned in your financial, physical, and emotional preparations, so that when the next bout of extreme volatility exerts itself, little to no immediate action is needed on your part during the tumult.
Ride out the chaos in safety and confidence. Be a support to those less prepared within your family and community. And take advantage of the luxury few will have to plan your next steps carefully, once the corrective forces clear much of the current uncertainty out of the markets. Doing so will set you up better than most to prosper in the aftermath.
Rest assured, where we are today is not where we will be tomorrow. Likely by a wide margin given recent history.
I would not have thought that’s where it would break out. Western Civ seems so preoccupied with the sandbox and rockpile that war in the rolling hills and majestic scenery on Europe seems a bit far fetched at the moment. It’s so much easier to do what we are doing in places where the resistance is less akin to total destruction and chaos rather than BMW’s, Audi’s, and kick ass cheese.
Like AP said, it happened there before – twice. Why not again?
Seems as though we are globally on track for something truly epic. Unless the Global Guerrillas vision of the future suddenly materializes, I fear the world has one more big one to try and walk through without annihilation.