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Army Futures Conference Sees US Financial Meltdown Soon

There was an Alternative Futures Symposium recently put on by the Army Capabilities Integration Center (ARCIC) at the Army Training and Doctrine Command in Fort Eustis, Virginia. They didn’t look at the threat posed by a nuclear Iran or Islamist terrorism. They looked instead at the prospects of a US financial meltdown. The news is not good.
The seminar included 85 experts from finance, academe and the military. How bad is the American debt situation? ”If you were a banker would you lend us money?” asked Robert Wiedemer, one of the participants. ”The answer is ‘no.” He said things don’t look that dire right now because interest rates are so low. But when they go up by just 1% (which they will inevitably), that will raise the interest on the debt by $150 billion a year. Over the next few years, he predicted, we are “going to see bad things.”
Another problem is the exploding U.S. money supply. Frank Finelli, a managing partner of The Carlyle Group, told the group we are risking a major crisis by flooding the market with money. ”Such tremendous increase in the money supply has not been accompanied by economic growth in the United States,” he said. He noted that the U.S. economy was larger in late 2007 than it was in the second quarter of 2011.
Lurking in the background as America deals with its financial mess is China. “China does view financial power as an exercise of power in a way that the United States does not,” said Finelli. “The United States only exercises financial power through its corporations.”

General Patrick J. Donahue of ARCIC said that the Army and the other services will need to cutback to pull America back from the financial precipice. The situation “requires some changes in how we think and how we operate.” Proposed solutions include reducing overseas bases and setting up new alliances with allies that can better finance overseas operations.
Like everything else today, these Futures Conferences are on Facebook. You can learn more about them here.
You can read more about the conference here.
 

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We did the worst thing possible 2 years ago – we threw money at a failing system to temporarily avoid economic collapse. But the principle cause of failure remains.

When hyper inflation occurs, the end will not be far behind. People will not stand for it, and things will get real ugly real quick.

2 years sounds about right. If we're lucky.
 

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I have heard some saber rattling that it WILL be in the next 6 months. :shock:

Scary hu??
 

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Well, the Greek dude says he's going to open the latest bailout deal to a popular referendum in Greece. That pretty much guantees it's going down in flames. All the while, the banks are tanking, France is being a little b!tch (as usual), and Merkel is threatening to go all blitzkrieg on anyone who doesn't get their financial sh!t together "mach schnell"! ... what could go wrong???


And, don't get me started on Obama!
 

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Well, the Greek dude says he's going to open the latest bailout deal to a popular referendum in Greece. That pretty much guantees it's going down in flames. All the while, the banks are tanking, France is being a little b!tch (as usual), and Merkel is threatening to go all blitzkrieg on anyone who doesn't get their financial sh!t together "mach schnell"! ... what could go wrong???


And, don't get me started on Obama!
Here is the article.
Sarkozy to hold emergency talks over Greece - Yahoo! Finance

Get your things together. We probably have about ayear left to get ready. Once the Greeks go bankrupt, Bank of america will probably follow suit. That immediately puts us on the hook for 75 trillion in derivatives. It will not be long.
 

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So, realistically speaking...if you had six months to plan for a financial meltdown, what's the real plan here? How are you guys preparing for this, and what tips would you offer to someone looking to be ready when the time comes?
 

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Discussion Starter · #9 ·
So, realistically speaking...if you had six months to plan for a financial meltdown, what's the real plan here? How are you guys preparing for this, and what tips would you offer to someone looking to be ready when the time comes?
Pay off any debt that has a variable interest rate.
Pay off any revolving credit such as credit cards where the rate can increase.
Work on any orher debt

Expect your purchasing power to be cut in half if you keep your job
Build self reliance apart from capital by producing and storing your own food and water. ie plant a garden or at least start prepping a location for spring. Learn to can and buy supplies. Learn to hunt, its hunting season. Store as much protien as you can now and know how to get more. Set up water catchment and filter it for drinking. These may not offset your needs 100% but it will stretch your money.

Buy land if you can. Timber land is best with leaseable farmland a close second.

Learn to live without systems of support. They will probably still be there but you may not be able to afford them.

Thats a few things off the top of my head.
 

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So, realistically speaking...if you had six months to plan for a financial meltdown, what's the real plan here? How are you guys preparing for this, and what tips would you offer to someone looking to be ready when the time comes?

Water. Stored water and filter setup, means to transport, etc.

Beans. Not literally, well it could be, but food stored and the means to grow your own.

Bullets. Some type of weapons and ability to protect you and yours.

Bandaids. Medical supplies. First aid supplies. Prescriptions.

Skills. Ability to grow/process, store food. Ability to fix things, improvise. Ability to defend. Etc.

Survival mindset. should be self-explanitory...

Make sure your spiritual house is in order.
 

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Water. Stored water and filter setup, means to transport, etc.

Beans. Not literally, well it could be, but food stored and the means to grow your own.

Bullets. Some type of weapons and ability to protect you and yours.

Bandaids. Medical supplies. First aid supplies. Prescriptions.

Skills. Ability to grow/process, store food. Ability to fix things, improvise. Ability to defend. Etc.

Survival mindset. should be self-explanitory...

Make sure your spiritual house is in order.
Yes!

Food, water, guns, and shelter ... "F" the credit cards, unless you have enough food, water, guns, and shelter.
 

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I still don't think we are that close to a complete melt down, but life as we know it will probably change. Those who have savings will find they will vanish pretty fast. Those who haven't saved and are in debt...well good luck to them. Those people over extended in flashy cars and homes will be humbled pretty quickly.

Like people have said, use your buying power now to build up a food supply. Secure enough ammo that you never have to worry. Make sure those gun, mag, optic purchases you've been holding out on are taken care of. Buy spare parts for them along with cleaning supplies and tools.

Have your vehicle maintenance done and buy new tires. Take a look this Black Friday for Home Depot deals on tools...maybe take a few of their free "how to classes" on plumbing, electrical, tile, etc.

I'd also buy a few roles of that thick plastic than can go over windows to save on electric bills. Heck, maybe even have your house inspected by one of those energy saving companies. Some new insulation or windows could make a big difference. I'd also install a wood burning fireplace.

Basically, just get ready for tough times that most of us aren't used to. Use it up, wear it out, make do or do without.

Just thought of a few more ideas: Board games and classic novels. Family time may really become family time again here pretty soon.
 
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