What happened in Athens (Greece) to cause these riots, where people are DYING? Ostensibly, it’s because their government told them that they had to make cut-backs. Cuts in salary, services and benefits. People don’t LIKE being told that their standard of living is going to go down. They don’t like the fact that they are going to have to live WITHIN their means.
Other Countries
The WORLD economy is messed up. How? Well, what’s happening is that individuals, organizations and governments have been BORROWING so that they can live BEYOND their means for several decades. Now, it’s time to pay up, and there’s no money to be had. It’s all been spent AHEAD of being made.
YOUR country, whether you live in the U.S.A., Germany, Italy, Spain, Ireland, United Kingdom or anywhere else, WILL suffer the consequences.
How Did We Overspend?
What happened is this;
1. Individuals
Individuals borrowed money for houses they couldn’t afford. Speculation and demand made the prices go too high (higher than wages being earned could afford). People then thought they had free money because they paid X for their house and now it was valued at (but NOT worth) X+X. They then borrowed MORE against this (unreal) equity and bought more “stuff” that they didn’t need, but WANTED.
2. Organizations
Organizations like mortgage firms (Fannie Mae and Freddie Mac etc.), stock markets around the world did pretty much the same thing, but made even BIGGER bets; they gambled BILLIONS on the fact that stocks (not just houses) would keep going up in price, and they paid no attention to the fact that the stock (shares of a company) were simply NOT worth what people were paying for them.
3. Governments
The biggest gamblers and power junkies out their, the world’s governments perpetuated this myth and even found some super-expensive wars to get involved in. While their own countries were going bankrupt, they chose to spend even MORE than they ever had before, knowing that they had printing presses (or the electronic equivalent) that they could simply keep running. Money out of thin air is NOT REAL MONEY!
What To Expect
The next round of nasty stuff is the same as is happening in Greece. There will be more of it (and worse) in Greece, but this will start to happen, most likely in YOUR country (wherever you live). You see, EVERY country is probably going to be affected by this because the WORLD ECONOMY is broken. The game that politicians and their stock-market buddies have been playing no longer works. The rules are changing and they simply can’t keep up.
If you think what is happening in Greece is bad, think about this. People are dying there (just a few at the moment) based on their government just TALKING about cuts (benefits, wages etc.). What will happen when they actually IMPLEMENT these changes? What will happen when, because of inflation (or even hyperinflation) the people can no longer afford to pay their mortgages, or they can’t afford gasoline? What about when they can’t afford food?
Prepare
If you don’t prepare for the worst now…………that’s NOW, then you can only blame yourself. Read about what’s going on. Look at Youtube and other video sites BEFORE the internet (or the search engines and the video sites) are closed down.
Stock up on bottled water. Buy a water purifier. Stock-pile food (dry or canned). Keep some cash at home for when the banks close (which they will, albeit for only a few days at first). Buy a tent and some camping gear while it’s still affordable. Secure your house. Get to know your neighbors. Read Sean Brodrick’s ‘The Ultimate Suburban Survivalist Guide’ and other, similar books. Get books on what wild foods you can eat (if things get REALLY bad).
DON”T expect to hear REAL news on TV. You WON”T get it.
Luke.
If this helped you, please feel free to buy me a cup of coffee.......leaded of course!!!




















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