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Not sure that fractional reserve banking has been around for millenia. Centuries yes, but not millenia. Notes were exchanged for real money and gold in the early 1600's in Amsterdam from memory. Could be wrong though. The problem with seeing a crisis coming is understanding its timing and...

I agree that it is important to assess the risks as well as rewards of any investment. I am not so convinced of a runaway financial collapse occurring in the near future. These massive collapses tend to occur when they come a bit out of the blue. Although some commentators may see the crisis...

There are many independent thinkers on this forum who have investment longevity and knowledge. There were many threads discussing the impending gfc in mid 2007 before it occurred. And lots of threads discussing investment strategies and options throughout that period. I am sure you may have a...

The elites want stability as many lost large amounts of wealth in WW1 and WW2. They will seek stability and a continuation of the status quo. I wouldn't underestimate their ability or self interest in keeping things where they are. Bank collapses, asset seizures, revolution all endanger those in...

There were plenty of people wiped out in the Depression but it wasn't a total financial collapse. Some people prospered. There wasn't a societal or governmental collapse despite a lot of banks collapsing. This was in some part because most people were employed in agriculture and a lot of them...

Interestingly the humans are the greater danger usually

If the financial system does collapse what will be the currency then? How will you earn a living if no medium of exchange exists? Living arrangements will succumb to US style prepping issues if there is no law and order. There are millions of people in Australia who can't survive......... I...

The problem with prepping is that a bigger force can take it all from you far too easily. I had a long look at this before the gfc and while you can survive for a while alone, the best chance of long term survival is the building of a community. Cheers Shane