#183225 - 09/03/08 05:32 PM
Re: Marshall Law, collapse of US Banking System
[Re: Stan Jensen]
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Registered: 01/16/08
Posts: 885
Loc: Iowa
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I think we should not be alarmists, yet we should not dismiss this as an improbable scenario. The economic collapse is not as a far fetched idea as you think it is.
All that has to happen is a couple of major banks to fail and the panic sets in. Especially in the larger cities, in which case in order to maintain the order, I don't see any alternatives to some kind of marshal law. Right now we are at the threashold of the hyperinflation, if the Fed continues bailing out those banks by means of new credit infusion.
The collapses are ussually not due to economy failing per se, but to the panic that sets in as the "economy is failing". Due to the Fractional Reserve banking system, there are not enough holdings in the bank to cover the deposits. It goes for any bank in town. Most of the money floats around as loan money, which banks shuffle the remainder to sutisfy our daily banking needs. When people panic and start withdrawing money, the whole scheme goes falling down. Essentially, that was one of the things that triggered the Great Depression.
While I would not worry about money in the bank, I think it is important to realize that life in the cities is solely depended on the system to provide the food and such needs from outside. Cities don't grow their food, they buy it from outside. If the flow is interrupted by the panic and hoarding, what do you think would happen? People will just patiently wait? No... the panic would set in, and you can count on riots happening which can only be put down by some kind of martial law system.
Now which part of the above do you think is improbable and unbelievable? While I don't think it is wise to run for the woods at this point, I think it is certainly wise to keep a pantry with a couple of months supply to keep you and your family going. I guess it's my personal preferrence, but I choose to live in mid sized cities, which are in the middle of farming communities for that reason.
While I agree that there are people who capitalize on Y2K type of scares, this one is highly probable and is not something to be dismissed by ridiculing.
Hope the above makes sence.
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#183237 - 09/03/08 07:48 PM
Re: Marshall Law, collapse of US Banking System
[Re: fccool]
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Registered: 05/18/02
Posts: 640
Loc: B,C.
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Marshal Law!!!! lol Maybe you mean martial law?
Edited by melvin mccarty (09/03/08 09:20 PM)
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#183245 - 09/03/08 08:31 PM
Re: Marshall Law, collapse of US Banking System
[Re: fccool]
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Today, I ain't for sale. Check back tomorrow.
Registered: 08/10/00
Posts: 13242
Loc: Ca., Id, Wa., Or. or somewhere...
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I have a hard time with believing that this scenerio is gonna happen....
Let's imagine that the banks do collapse...What will people do then? Well, they exchange thier expertise for whatever they desire.... my respiratory skills for food....or a place to live....Shane's archect-atory skills for a home, or food....
sure, it willl happen, but is it something that will cause panick? Not to the common folk...Bardering has always been around....It's a bit slower, and will cause some of us to take stock in our abilities...
All these type of storys do is scare the be-geeb-bers out of everyone....
_________________________
Democracy is a device that ensures we shall be governed no better than we deserve.
George Bernard Shaw
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#183257 - 09/03/08 09:52 PM
Re: Marshall Law, collapse of US Banking System
[Re: Neil D]
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Registered: 01/16/08
Posts: 885
Loc: Iowa
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Neil, that would be all well and possible if we lived in 19 century. The problem with 21 century American economy is that everything revolves around the uninterrupted fluidity which is highly compartmentalized. For example, if you speculatively raise the price of gas to mere 6$ per gallon, that would mean really expensive Caesar salad for folk up north.
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#183260 - 09/03/08 09:57 PM
Re: Marshall Law, collapse of US Banking System
[Re: melvin mccarty]
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Registered: 01/16/08
Posts: 885
Loc: Iowa
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Marshal Law!!!! lol Maybe you mean martial law? Hehe, I'm from Rusha, I spell it how I hear it :) (well, I did not, but it's fun to pretend) Who invented english? Why do we need the extra letters? K in front of the knife... all kinds of inconsistent rules and exceptions (especially when it comes to pronunciation) :) I still spell colour with "our", and it's hard to unlearn that.
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#183261 - 09/03/08 10:01 PM
Re: Marshall Law, collapse of US Banking System
[Re: fccool]
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Today, I ain't for sale. Check back tomorrow.
Registered: 08/10/00
Posts: 13242
Loc: Ca., Id, Wa., Or. or somewhere...
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Neil, that would be all well and possible if we lived in 19 century. The problem with 21 century American economy is that everything revolves around the uninterrupted fluidity which is highly compartmentalized. For example, if you speculatively raise the price of gas to mere 6$ per gallon, that would mean really expensive Caesar salad for folk up north. That may be, but then again, that doesn't mean that they have to buy it. An underground bargain economy has been going on for years, and since I came onto the scene, at least 30 years. You might see some of it in the Farmer Markets that are going on today...granted, they still take money...but don't tell me that there are other things that are not being traded...
_________________________
Democracy is a device that ensures we shall be governed no better than we deserve.
George Bernard Shaw
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#183267 - 09/03/08 10:12 PM
Re: Marshall Law, collapse of US Banking System
[Re: Neil D]
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Registered: 01/16/08
Posts: 885
Loc: Iowa
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I don't dispute that farming communities would be able to survive, which I briefly mentioned. I would like to see how a nearby farmers market would be able to feed the overcrowded New York City, or Chicago for example :)? Hungry people riot and loot. Martial law will go in effect for these cities if that would be the case.
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#183271 - 09/03/08 10:26 PM
Re: Marshall Law, collapse of US Banking System
[Re: fccool]
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Today, I ain't for sale. Check back tomorrow.
Registered: 08/10/00
Posts: 13242
Loc: Ca., Id, Wa., Or. or somewhere...
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If you think that there is only the farmer markets and grocery stores that are available to get food, you are saddly mistaken....there are restuarants, food banks, back yards, vacant lots that can grow food...There are lots of bargining items, ie my rt skills on ONE patient for 2 weeks of food...There are co-ops that can distribute food...There are lots of ways that people can get food, besides looting and rioting....
And there are lots of pathways BEFORE gettting to the point of rioting....You underestimate the resourcefulness of people...
_________________________
Democracy is a device that ensures we shall be governed no better than we deserve.
George Bernard Shaw
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#183278 - 09/03/08 10:52 PM
Re: Marshall Law, collapse of US Banking System
[Re: Neil D]
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Registered: 02/16/05
Posts: 1678
Loc: Oregon
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QR frame:
Pollyanna gets mugged and raped.
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