In the theme of governments being one of the biggest SHTF dangers:
http://www.sovereignman.com/expat/whats-next/
“There were so many opportunities to leave beforehand,” she explained, ”but they just never thought things would ever get that bad here. Everyone saw what happened in other countries, but my family never expected that it would happen to them.”
"1. A nation rises to greatness and becomes wealthy based on sound principles and the hard work of initial generations.
2. Eventually, being wealthy becomes the natural expectation… an entitlement, rather than a goal to work hard for and achieve.
3. A nation begins living beyond its means to maintain the high life without the hard work, leveraging its credibility to trade tomorrow’s production for today’s consumption.
4. Living beyond its means eventually becomes unsustainable. Government begins to slowly, then staggeringly, devalue its currency.
5. The market (i.e. people) finally wake up to the fraud being perpetrated.
6. Financial repression usually follows– high taxes which steal from the productive, negative real interest rates which steal from the savers, etc.
7. Capital flight comes next. People take their money and run.
8. Governments implement capital controls, border controls, price and wage controls, and anything else they can do to maintain the status quo. People find out who the police are really there to protect and serve.
9. Capitulation (default) is the endgame; the system resets itself and begins anew."
Where in the cycle is your country?
http://www.sovereignman.com/expat/whats-next/
“There were so many opportunities to leave beforehand,” she explained, ”but they just never thought things would ever get that bad here. Everyone saw what happened in other countries, but my family never expected that it would happen to them.”
"1. A nation rises to greatness and becomes wealthy based on sound principles and the hard work of initial generations.
2. Eventually, being wealthy becomes the natural expectation… an entitlement, rather than a goal to work hard for and achieve.
3. A nation begins living beyond its means to maintain the high life without the hard work, leveraging its credibility to trade tomorrow’s production for today’s consumption.
4. Living beyond its means eventually becomes unsustainable. Government begins to slowly, then staggeringly, devalue its currency.
5. The market (i.e. people) finally wake up to the fraud being perpetrated.
6. Financial repression usually follows– high taxes which steal from the productive, negative real interest rates which steal from the savers, etc.
7. Capital flight comes next. People take their money and run.
8. Governments implement capital controls, border controls, price and wage controls, and anything else they can do to maintain the status quo. People find out who the police are really there to protect and serve.
9. Capitulation (default) is the endgame; the system resets itself and begins anew."
Where in the cycle is your country?