bank run blog

As politicians and financial gurus spin happy talk about the chimera of a recovery, and America’s ‘private banks’ cue up on the receiving end of the so-called public/private partnership offered by the Treasury Department, regular working Americans see something else on the horizon and prepare for a coming cataclysim, the Associated Press writes;

“From teachers to real estate agents, these budding emergency gurus say the dismal economy has made them prepare for financial collapse as if it were an oncoming Category 5 hurricane. They worry about rampant inflation, runs on banks, bare grocery shelves and widespread power failures that could make taps run dry.”

At least working America’s interest in end-times preparedness has created a bit of survivalist-bubble, the AP reports;

“The surge in interest in emergency stockpiling has been a bonanza for camping supply companies and military surplus vendors, some of whom report sales spikes of up to 50 percent. These companies usually cater to people preparing for earthquakes or hurricanes, but informal customer surveys now indicate the bump is from first-time shoppers who cite financial, not natural, disaster as their primary concern, they say.”

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Associated Press : Crisis spurs spike in ’suburban survivalists’