Are we Headed into a Mad Max Scenario?
The 1981 film Mad Max with Mel Gibson has been the subject of many emails asking what to do, should they store some food, silver coins, etc. As a trader, you always plan for ALL options so when they emerge, you know where to turn and what to do. I am diligently working to get four books out this year. We have the staff now working on these projects trying to pick up speed.
The primary research in this area has been to collect all the data concerning the rise and fall of every empire, nation, and city state. How did it collapse? What was the outcome? How did people respond? Can you survive it? Opinions are typically formed around what took place in 1929. The knowledge base beyond that event is thin to say the least. We spent over $20 million to be able to create that chart of the collapse of Rome. Fortunately, we have always had the funds to do massive research and the curiosity of what really happened. If you think the 1929 scenarios are sufficient, good luck. This is about massive government collapse of a global scale in the West that will end shifting the power to Asia.
Spain became a serial defaulter beginning in 1557 followed by 1570, 1575, 1596, 1607, and 1647. It successfully took itself through political mismanagement from the richest nation of earth, to the status of a third world pauper. It has never risen again. Italy is the similar case as was the outcome for Greece. These were nations that once ruled the West. Their riches had been squandered and then pillaged. The political mismanagement all involved squandered resources, rising taxes, confiscation of assets, collapse in the rule of law, and eventual implosion of debts. The wheel of Fortune accomplished her revolution, and their former magistracy that had been the citadel of the earth, the terror of kings, enriched with the spoils and tributes of so many nations illuminated by the footsteps of so many who wanted to visit the seat of power, simply lay naked in the sand attesting to failed spectacles of humanity in the world.