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"When people can't go to their ATM machines, that's when you get real panic"

Jim Rickards talks shop with a top London derivatives wonk -

We're in deep trouble folks. Rickards says it will take the IMF 6-8 months to issue the required SDRs in the next big financial crisis, and they're going to have to lock down the financial system during that period. So "money market funds will have to suspend redemptions, banks are going to be closed, ATMs will be reprogrammed ... and it will end up being neo-fascist."

Richards says that fascism can be of the Right or Left variety, but what it really means is the elevation of the State. He says when their money is frozen and they're only allowed a pittance per day from the ATM (ala Greece), people will riot, they'll start to burn things down, they'll break into banks, etc. So societal breakdown.