Economic collapse

World debt is in Trillions of dollars; derivatives are in quadrillion of dollars. Should a major bank fail, like dominoes, other banks will fail. The world financial system is unstable. A economic collapse will likely occur during the next few months.

Here is what I expect to happen in India during the collapse:

• Stocks will fall by more than 15%.
• Rupee will fall by more than 5%.
• Real estate will continue to fall or (at best) remain at same prices.
• Gold and silver will rise.
• Indian government will attempt to steal people's money by doing one or more of following actions
  1. If you have lot of money in your bank a/c, then (unless you can prove that it is white) a part of that money will be taxed.
  2. Cash withdrawals will be reduced (by making rules) and/or taxed.