It’s only SHTF for developed nations, and those emerging markets that rely on investment rather than production to fuel growth.
China is fine. Russia is fine. Chile and Uruguay are probably OK. Mexico is on the upswing. Iceland has exited the Bankstersphere and is doing well.
The Anglosphere is FUBAR. The EEU is FUBAR. Everywhere in South and Central America outside of Chile and Uruguay is FUBAR. India might be FUBAR. South Africa is FUBAR. The rest of Africa has been FUBAR since before Strom Thurmond took office, but parts of it might be looking up. The middle-east has always been, and will always be a special brand of FUBAR.
Did I miss anyone?
I would be careful, because there are off shore banking, swaps, derivatives and etc etc that is not on the books. Experts estimate the world has about $ 1.500 quadrillion (1000 trillions) of these invisible interlocking debts. If it implodes because other economies are imploding or US interest rates are increasing (rumor has it that the Feds must find a way to prevent the 10 year T bond yields to exceed 3 percent or it will unhinge the interest rate swaps that the US has with other banks in the world. Just to give you an idea of scale, the US economy is 17 trillion, add the world economy to the US economy it becomes 65 trillion. The US debt is 16 trillion, plus 70 trillion in unfunded liabilities plus 30 trillion in unseen deals made by the Fed Reserve with foreign banks, deals backed by the US Treasury (ala US taxpayers). Worst case US debt is about equal to the entire global GDP times 2. Off shore derivatives and other exotic vehicles is $ 1500 trillion. IMHO when the world interlocking scheme and attempt to preserve the world reserve currency (US dollar) falls apart the nations of the world will come up with a new world currency backed by a basket of hard assets. This is why China and Russia is buying gold even when the price of gold drops in US dollars. China is hedging her bets to cover potential loss in the $ 1 trillion worth of US T bonds she had invested in. China cannot dump the US T bills without injuring her economy, but she cannot sit by as the US gov keeps piling debt on debt till the dollar implodes. China and Russia has a plan, do we FR and Tea Party members have a plan for self and family when banks are closed and the Fed Gov is forced to reset the US dollar.
“China is fine. Russia is fine”
Fine? Both of those countries are on the edge. China’s economy is a house of cards. If we quit spending they collapse.
Russia is dependent on oil, thats ALL they have. They’ll certainly go too.