You wake up one morning to some bad financial* news being broadcasted on your favorite morning news show. The talking head from the government on the program makes reassuring comments that, "all is well."
Through-out the day at work you monitor the stock market. By 12:00 noon eastern time, the DOW Halts Trading followed quickly by the NASDAQ.
Four hours later the market reopens however it continues it's spiral down and at 4:30 PM as usual, the markets close for the day.
Over the coming days the market continues to collapse albeit with a few rally's; However by weekend it has lost 25% of its value. Over the weekend the futures markets continue to slide and by opening Monday morning the market has lost another 15% of its value.
While the market is going through this correction, people are starting to get a little worried and withdraw money from their banks. This modest run on the banks has the Federal Reserve worried and recommends that withdrawals be limited to $100- a day for cash and $500- a day if you make purchases with a debit or credit card. Congress concurs and fast-tracks a Bill through both House and Senate in two days. The President signs the Bill making it law on the third day after the Feds recommendation.
With the curtailing of
cash, the bread & butter of truckers, consumable items are not replaced on shelves at our favorite stores. This in essence creates a panic buy of all consumable items. Small 2, 3 or 4 people skirmishes break out between panicked buyers at stores and gas stations around the country.
Some gas stations begin to ration fuel purchases which adds another layer of frustration among the people.
Since inventory is dropping in stores sales naturally fall off. Payroll is every employers largest expense so they start to lay-off their employees commensurate with limiting operating hours.
People living paycheck to paycheck now do not only have food or fuel, they no longer have money. The government try's to come to the rescue but as the unemployment rate keeps climbing the government keeps printing money and adds funds directly to the unemployed accounts. The problem though is, there is no tax revenue coming into state and federal accounts to support this outflow of money. Limited inventory of goods to purchase with digital money.
The US dollar is taking a beating on the worlds stage due to the printing of money with nothing to support it. Treasury notes are being turned in by creditors who demand full payment which further devalues the dollar.
A month has gone by since that morning you were sipping coffee and heard the first drum beat of the economic tsunami that hit our shores.
Now being a good prepper you have prepared for this moment. You have a years worth of food squirreled away for your family and Fido. Thank heavens!
You have set up minor security overview and monitor the air waves 24/7, hoping that someone from the government will do something. But you are at peace with yourself because you have prepared.
Then a knock comes at your door. Standing at your door is your [
insert group here - Family, friends, etc] and they give you a tale of woe, e.g. no food, used the last of their gas to get to your house, lost job, Sussymae, their daughter, is pregnant. Blah, blah, blah. You get the idea.
* When a SHTF scenario happens regardless the drama de jour, e.g. EMP, another 9/11 but worse
attack, bank holiday, etc. there will be people showing up at your door. Remember all of the
times you told your family and friends that your family was prepping for a SHTF event?
We have discussed this scenario with our group BUT in all honesty, we only have a consensus on what we are going to do. It is NOT written in concrete and is still up for debate.
So what do you do? Have you discussed this scenario with your group?