Many Americans have been living their lives largely oblivious to what their government's doing around the world with their money. Consequently, one day we're all going to pay a heavy price for such negligence. Regardless if the U.S. government defaults or not on its debt in a few weeks, a default will eventually occur at some point. When it does occur, America's going to go into sheer panic and chaos such that coffee will be the least of people's worries.
Here's an example of what people did when the Dallas government offered a limited number of applications for rent vouchers to the public:
People were injured in this Dallas stampede to file applications for discount rent vouchers. What will happen if the food stamp program runs out for 44 million people?
The people in Dallas will have to wait two years to see if their request for gov't subsidized rent will be honored. One can only imagine after seeing this video how bad things will be if there's no food or water. Most Americans are used to getting the things they need, 44 million are currently on food stamps. When the system breaks down there's bound to be intense looting and chaos.
Here's "10 Signs That Americans Are Starting to Freak Out" from The Economy Collapse Blog
#1 Things have already gotten so bad that Americans will literally trample one another just to get on a waiting list for rental assistance vouchers. Just check out the following excerpt from a local news report about a recent incident in Texas...Americans are used to hearing what they want to hear and believing what they want to believe. When their bubble world bursts, all hell is bound to break loose. This is the time to store up on long term supplies, food, water and other necessities.
#2 Almost every measurement of consumer confidence is going down. For example, the Conference Board’s consumer confidence index fell from 61.7 in May to 58.5 in June.
#3 The Reuters/University of Michigan consumer sentiment index has fallen to 63.8 after being at 71.5 in June. It is now the lowest that it has been since the last recession "ended".
#4 The Rasmussen Consumer Index is down 9 points from a month ago.
#5 A recent poll taken by Rasmussen found that 68 percent of Americans believe that we are actually in a recession right now.
#6 According to Gallup, the percentage of Americans that lack confidence in U.S. banks is now at an all-time high of 36%.
#7 In many areas of the United States this summer, just about anything that is not bolted down is being stolen by people that are desperate for money.
#8 According to one recent poll, 39 percent of Americans believe that the U.S. economy has now entered a "permanent decline".
#9 Another recent survey found that 48 percent of Americans believe that it is likely that another great Depression will begin within the next 12 months.
#10 According to a brand new Reuters/Ipsos poll, 63 percent of Americans believe that the nation is on the wrong track. That figure is three percent higher than it was last month.
I'm going back to sleep now, I'm really tired and need a cup of coffee.
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