12 Nov '11, 2am

Collapse could happen, literally, overnight | Energy Bulletin via @wibiya

Here’s the simple, yet fiendish, plot that gave me nightmares for a week: On Monday morning the FDIC closes more than 600 insolvent banks nationwide. But under pressure from a deficit-hawkish, Tea Party Congress, the agency forgoes its customary caution and closes more banks at the same time than prudence would suggest. This shocks the financial system enough to shut down both debit cards and Food Stamp cards, sending the US public into panic when they can’t get cash and sending hungry people first into the streets, and then into grocery stores for looting. Electronic panic spreads throughout the world’s interconnected financial system. From there, with payments stopped, oil supplies are disrupted, depriving law enforcement of fuel for patrol cars. That leaves the streets to urban street gangs who start a massive LA Riot in every major city in the US, soon followed by civi...

Full article: http://www.energybulletin.net/stories/2011-11-11/collapse...

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Here’s the simple, yet fiendish, plot that gave me nightmares for a week: On Monday morning the FDIC closes more than 600 ...

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