SHTF: Argentinian example of Economic Collapse

This post and topic jumped to the top of our heap because of the recent downgrading of the U.S. credit worthiness and the bad economic forecast that presents to Americans. There is an interesting interview with Mr. Fernando Aguirre who was a first hand witness of Argentinian Economic and Currency Collapse in the Fall of 2001, from which the events in the U.S. are mirroring those of what Mr Aguirre experienced.  He  is the author of "Surviving the Economic Collapse", go to the website listed at the bottom of this post hear Fernando tells chilling stories of bank closures, life savings lost, & starving people slaughtering cattle on public roads just to survive.

What will be telling is how the markets, first in Japan as they open much earlier than our (around 6:00 pm Sunday Eastern Standard Time) and the direction the U.S. Markets take after that on Monday morning,....but back to Aguirre and his lessons from Argentina.       

Aguirre tells of the currency value deflation; massive unemployment and percent of population in poverty escalating;...or pretty much where we are at now here in the U.S........

.........followed by massive attempts by the Argentinian population to withdrawal money or otherwise "cash hoarding" and the immediate black market exchanging of Argentinian currency to U.S. Dollars; then the government attempts to control money leaving the banks and limit banks failing buy laws on withdrawals limits.  And all along the government telling lies to the people, probably justifying it by the rationale of minimizing chaos, riots and violence. 

If you are not one of the fortunate people who are prepared including holding physical Gold and Silver, what currency are you planning to exchange dollars for?????

Aguirre Interview on Contrary Investors Cafe