The impending failure of the credit system will hit without warning. That is, the folks who are in control of this are doing their best to protect their own assets. They won’t shed a tear for you and I. What complicates matters is that there is a good bit of competition among plutocrats; no one party controls the whole thing. But a significant portion of them are forced to work together on something like this or they all go down together. It’s possible a maverick will attempt to beat the system, but it strikes me as unlikely. The system has too many ways to track these things.
Instead, about the only way this can be deflected in any measure at all is if someone leaks it before the system moves to seize assets and close the trade window. I know that this sounds like a “bank holiday” when the banks close to prevent anyone taking out their money while the banks strip it all away and declare themselves insolvent. From where we sit, it will be about the same kind of thing, since what happens up there in the higher levels could well result in consumer banks — the ones most of us use — shutting down, as well. It will be a surprise and I doubt any human can estimate reliably the moment when the plutocrat bankers and financiers will feel like it’s time. It’s possible outside events could precipitate a major disruption in their system and force their hands.
There’s nothing any of us can do except embrace it when it comes instead of panicking. Countless “little people” will get hurt. If you can see it coming, you have time to prepare. For those of us focused on clinging to Biblical Law, things will be about as good as it gets. But there are some issues that won’t be obvious — not so much for us as for the world around us….
You can read the rest of this analysis here at Kiln of the Soul blog.