by Marc Slavo

Bob Chapman, of The International Forecaster, says it’s time to prepare for the worst, comparing our impending economic crisis to that
which was experienced at the onset of 1348 and the following century anda half.

Flashback to 1348:

The Black Death is estimated to have killed 30% to 60% of Europe’s population, reducing the world’s population from an estimated
450 million to between 350 and 375 million in 1400. This has been seen
as creating a series of religious, social and economic upheavals which
had profound effects on the course of European history. It took 150
years for Europe’s population to recover. The plague returned at various
times, resulting in a larger number of deaths, until it left Europe in
the 19th century. [source]

While Chapman does not suggest we will experience our own black plague pandemic, he predicts that the consequences of our economic
collapse may lead to total destabilization and wars, much like
post-plague Europe.

As you are now well aware Fannie and Freddie are going to punish people who have stopped paying their mortgages, who can pay
them, and who are paying other bills instead. This leaves lenders with
foreclosures and much more inventory than they ever imagined. This
additional problem will bring on the double dip that Wall Street and
Washington so fear. As a result of this and other failures we
are about to experience the worst economic collapse sine 1348. The stock
market is topping out readying itself for its most disastrous fall in
history. The fall will be followed by years of
depression, all of which has been deliberately created to bring
the world economically and financially to its knees in an attempt to
bring about world government by Illuminists. Some market analysts
understand where the market is headed, but most who do understand, write
and talk about the mundane observable trappings and not what the
situation is really all about. We have several analysts talking about a
market collapse. They do not talk about the real forces behind our
misfortune.

…

There are always these lone voices in the wilderness, which at best – some 15% of the populace – listens too. You had better listen
this time because it could well cost you not only your assets, but your
life, especially when another war is being prepared for you to engage
in. Nothing is really as it seems to be and there are no coincidences.
You are about to enter a world of chaos from which few will survive
unscathed. A world of no banks, no public facilities, no food and
rampaging gangs of desperate people. Unemployment of 50% and little law
and order. Violence will be rife. This is not a pretty picture,
but we have spared you the details. The world had better wake up fast
so they’ll be prepared to deal with what is to come. If you were not
aware of it the dark side really exists.

…
We are now entering the next to last phase of our journey. The wanton
creation of wealth, inflation and perhaps hyperinflation, which will rob
you of your assets. A stealth attack on what you have left by the
people who control your government. Such monetary creation is the only
way these people can keep the game going. They know it won’t last, but
they proceed anyway. For awhile they’ll keep the multitudes at bay with
extended unemployment and food stamps, but that will fade in time for
lack of financial control, as the system begins to break down.

You already see all fiat currencies under fire, as is sovereign debt. Can it get any worse? Of course it can, and it will. Implosion is the
word everyone is going to discover and understand.

The picture Bob Chapman paints is one that may lead to an initial reaction of, “What? No way that can happen.”

Perhaps it can’t happen. Perhaps, it really is different this time and our benevolent leaders and the powers that be are capable
of managing this crisis. Perhaps they will restore jobs to pre-crash
levels. Perhaps home prices will go back up to record 2006 levels
because tens of thousands of buyers will appear in the market. Perhaps
the Federal reserve will be able to sell of their toxic assets, not have
to print more money to bail anyone out, and the world will demand that
the dollar remain the reserve currency of choice. Perhaps all of these
people in delinquency on their mortgages will be able to catch up on
those late payments. Perhaps governments will stop spending more than
they take in and all of their debts will be paid off. Perhaps the
globe’s top financiers will figure out a way to deleverage the trillions
of bad debt currently working it’s way through the system.

Or, perhaps they will not be able to reverse course.

Let’s assume that they can’t reverse course. How bad can it really get?

This is something that our elected officials and those at the Fed, Treasury and large institutions will not overtly discuss.

But clues have been dropped throughout the last several years. And, you need to look no further than those very same officials.

President Obama, during the green shoots recovery of 2009 and 2010, told the American people that a depression was avoided. Thus, we can assume that a depression is a strong possibility if we are
in fact about to see another economic collapse.

In 2008 and 2009, former Secretary of Treasury Henry Paulson said that we were “on the brink,” in fact, after he left his position with Treasury, he wrote a book with
this very title. The brink, from what we can surmise, meant a complete
collapse of our financial, economic and political systems. The result would have been martial law. Hard to
believe? Yes. Impossible? No:

Many of us were told in private conversations that if we voted against this bill on Monday, that the sky would fall,
the market would drop two or three thousands points the first day,
another couple thousand the second day, and a few members were even toldthat there would be martial law in America if we voted no.

House Representative Brad Sherman (D-California)
Debate on the House Floor, October 2, 2008
[video source]

If you are a prepper - someone who is planning on worst-case scenarios in order to preserve your life, liberty, and wealth - then you, like us, should assume that the worst case scenario has not
been avoided.

We’ve discussed possible outcomes before, as well as ways to prepare if the worst does happen. The following articles may be of assistance
with collapse scenarios, and ways to prepare and survive:

Hyperinflationary Depression - No Way of Avoiding Financial Armageddon

What is Money When the System Collapses?

If You Haven’t Acquired Self Defense Capabilities, the Time to Do S...

We realize that sometimes we sound like a broken record, but at the very least, make sure you have reserve food, water, self defense weapons, ammunition, and if possible, a way to get out of the city if
you happen to live in one.

The worst of it is still ahead.

http://www.shtfplan.com/emergency-preparedness/coming-chaos-no-bank...