This is just a fictional scenario for the possible consequences that the people of the United States are facing in the coming week.
The Preppers are Right - Tom Dennen
The events of the past week have been surreal to me: each passing hour seemed to have another announcement detailing the collapse of the United States. But today, I have no choice but to accept these events and prepare accordingly. Today, reality sank in as I read the following chronology of “highlights” that started on November 16th, 2013 on Reuters.com:
October 16, 2013
10:00 AM Congressional leaders met with President Obama to finalize an agreement to end the government shutdown and extend the debt ceiling. The NYSE is 15,317. Gold is $1283.
11:53 AM The meeting breaks down with an announcement that the talks have stalled over a “minor sticking point” concerning the debt ceiling. The talks will resume at 2:30 PM.
1:30 PM The debt ceiling is breached. Projected revenues were short: Republicans blame layoffs from Obamacare on the shortfall. The NYSE is 14,898. Gold is $1290.
1:35 PM China and Saudi Arabia announce an agreement allowing China to purchase oil directly with the renminbi effective immediately.
1:45 PM Every OPEC member agrees to use the renminbi in conjunction with the USD. China calls for a world summit to address the status of the USD. The NYSE is 13,755. Gold is $1400.
1:55 PM Congressional leaders and the president convene early. A press conference is scheduled for 3:00 PM. The NYSE is 13,233. Gold is $1458.
2:00 PM All stock exchanges are closed. The NYSE is 12,875. Gold is $1521 and is still trading on the world markets.
2:10 PM Japan announces that all US Treasuries have been sold back to the Federal Reserve at an undisclosed price.
2:15 PM Bank runs start in New York, Atlanta and Chicago. Gold is $1618.
2:30 PM All banks are closed across the country until further notice.
3:00 PM The president announces a deal with Congressional leaders. In a joint announcement, leaders from both parties assure the public that everything is under control.
3:30 PM All EBT, WIC, Social Security and Medicare programs are temporarily suspended until Congress passes legislation for the president to sign and end the crisis. Gold is $1715.
6:57 PM The legislation passes the House of Representatives.
8:13 PM The legislation passes the Senate.
8:54 PM President Obama signs the legislation and the crisis is over. Gold is $1706.
October 17, 2013
1:30 AM China proposes a new international currency based on the renminbi. The new currency will be guaranteed with their central bank’s gold already audited by the World Bank. China’s gold reserves are almost four times what was estimated previously.
2:00 AM Germany announces that they will support the new currency and will withdraw from the European Union pending approval by the Bundestag.
2:30 AM France, Italy and Great Britain call for a special meeting of the European Council.
3:15 AM China sells all US Treasuries to the Federal Reserve at a 50% discount. International trading of the USD is suspended.
5:00 AM After an emergency meeting, the Federal Reserve issues a prepared statement concerning the state of the USD and the solvency of US banks. Bank runs start across Europe. Gold is $2073.
9:00 AM The president addresses the nation. He congratulates Congress for their bold action in resolving the debt crisis. All social programs are operational. All banks and stock exchanges will be closed until Monday, October 21.
9:35 AM Gold reaches $2400. All gold transactions are suspended until October 21.
10:00 AM Gold is $2643. Gasoline prices are fixed at $5.00 per gallon.
1:00 PM Wal-Mart announces a temporary suspension of EBT purchases.
2:00 PM Exxon announces a temporary suspension of all credit/debit card purchases for gasoline.
2:30 PM All major oil companies announce a temporary suspension of credit/debit card purchases. A survey by CNN shows most major food chains have stopped accepting EBT and credit/debit cards.
2:53 PM Los Angeles starts airing live video of riots.
8:00 PM The president announces martial law across the nation. EBT and credit/debit cards must be honoured for valid transactions. Gold is $2898.
10:00 PM A world summit is scheduled for October 19th in Brussels.
October 18, 2013
8:00 – 10:00 AM
The president refuses to attend the world summit. Russia announces a joint trade agreement with China. Trading of the USD is halted on all currency exchanges. Gasoline and diesel sales are halted across the country. Black market sales are $25 per gallon for both gas and diesel. Martial law includes a 10:oo PM – 6:00 AM curfew, restrictions on all travel and the closure of non-essential facilities are outlined.
All transfers of money, precious metals and jewellery outside of the country are restricted. International wire transfers are restricted.
1:00 PM A consortium of major US businesses request a meeting with the president and Congressional leaders. This request was never answered.
5:00 PM The president announces that banks and the stock markets will be open onMonday, October 21. National guard units are expected to remain in major cities until the crisis is over. Martial law will be removed as soon as possible.
6:00 PM Gold closes on the world market at $3257.
October 19, 2013
10:00 AM The world summit in Brussels releases a joint statement. The members have agreed to replace the USD as the world’s reserve currency. The new currency will be backed by Germany, Russia, China and Saudi Arabia. The status of the USD in this new system is unknown at the current time but this will be resolved in the near future.
11:00 AM The president addresses the nation. The United States is working with world governments to address the status of the USD. Preliminary negotiations are in process and “great strides” have already been accomplished.
1:00 PM All joint chiefs of staff tender their resignations to the president.
2:00 PM Nancy Pelosi has left San Francisco on a private jet to Chile.
2:30 PM CNN and ABC news both report that Harry Reid, John Boehner, Maxine Waters and Barbara Boxer cannot be located.
3:00 PM Riots break out in New York and Boston. CBS reports that food supplies in most major cities have been exhausted.
4:38 PM An unknown number of people are reported to be killed in an attack in Chicago. Speculation ranges from a Muslim terrorist attack, domestic terrorists, police or a false flag.
5:00 PM An emergency session of Congress is called for Sunday 11:00 AM. All news broadcasts must be approved by the government.
October 20, 2013
1:00 PM No news concerning the emergency session of Congress is released. Underground sources are reporting that not even half of Congress is in Washington, D.C. Many Congressional leaders cannot be located.
3:00 PM The president addresses the nation. He introduces the new joint chiefs of staff and reassures the people that substantial progress has been made with our “international friends”.
6:00 PM Gold opens at $6458.
7:00 PM The Nikkei opens at 9010. Japan’s financial minister confirms that they will be signing an agreement to endorse and participate in the new international currency adopted in Brussels. Trading on the Nikkei is halted at 7:08 PM at 8457.
October 21, 2013
7:00 – 9:00 AM All Asian and European stock exchanges suffered double digit losses overnight. Gold is $7500 – trading is suspended for 24 hours worldwide.
The Treasury Secretary issues an announcement that all bank accounts over $100,000 will be taxed at 50%. The proceeds will be used to shore up US Treasuries on the international market. US Treasury redemptions inside of the United States are suspended for one week. Bank withdrawals will be limited to $300 per day.
Gasoline on the black market is reported to be from $25 to $50 per gallon. Since most news is censored by the government, most “news” is coming through Internet sites.
9:30 AM All stock exchanges open. NYSE opens at 9010.
9:33 AM All stock exchanges are closed due to safeguard triggers. Gold is $7500 on the open market. Unconfirmed sources report $10,000 per ounce on the black market.
10:00 AM Most retail outlets are closed due to security and government regulations concerning cashless transactions. Food stores have empty shelves in every major city.
11:00 AM Congress meets in emergency sessions. The Senate is completely stalemated since the Republican senators outnumber the Democrat senators. Harry Reid has been confirmed to be in Ecuador. The House of Representatives will concentrate all efforts on stabilizing the USD. All stock exchanges are closed for the remainder of the day.
1:00 PM A national bank holiday is declared. FEMA announces a committee has been formed to start distributing food to the country.
2:00 PM The government takes control of all news outlets. The Internet is shut down.
I cannot tell you how I am reading the above on Reuters.com since the Internet is still shut down other than international Internet servers are still operational. All news comes through the government in the US at this point if you have only conventional access to television or the Internet. A simple calculation confirms that I have lost 63% of my assets due to government confiscation and the collapse of the dollar. Although it is unconfirmed, most underground sources are reporting that the government has confiscated all retirement funds in the country. I have enough food for ten days. My employer has notified all 43 employees that it cannot guarantee our wages if we come to work.
I will work this week and see what happens. What other choice do I have? One neighbour packed his family on Saturday and left. I am watching two others pack now. I have learned a new phrase over the weekend: normalcy bias. At this point, I can only trust that the worst is over and that the government will at least provide me with food and security.
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