Lord help us...we are so screwed...

Prepper & Survivalism Forum

Help Support Doomsday Prepper Forums:

DrHenley

Top Poster
Global Moderator
Member
Joined
Sep 7, 2013
Messages
12,105
Reaction score
38,238
Location
Columbus, GA USA
“We are not broke as a nation. We are not bankrupt. We can’t go bankrupt. We absolutely cannot go bankrupt because we have the power to create as much money as we need to spend to serve the American people,” Chairman of the Budget Committee Rep. John Yarmuth (D-KY) said during Thursday’s Budget Reconciliation markup.


However, according to financial analysis from the Hill on Friday, citing the Bipartisan Policy Center (BPC), “the federal government is on track to default on the national debt sometime in between the middle of October and the middle of November without action to raise the debt ceiling.” The United States is more than $28 trillion in debt, according to the U.S. debt clock.
 

erqueen75

Active Member
Member
Joined
Mar 13, 2021
Messages
127
Reaction score
451
Location
Ohio
“We are not broke as a nation. We are not bankrupt. We can’t go bankrupt. We absolutely cannot go bankrupt because we have the power to create as much money as we need to spend to serve the American people,” Chairman of the Budget Committee Rep. John Yarmuth (D-KY) said during Thursday’s Budget Reconciliation markup.


However, according to financial analysis from the Hill on Friday, citing the Bipartisan Policy Center (BPC), “the federal government is on track to default on the national debt sometime in between the middle of October and the middle of November without action to raise the debt ceiling.” The United States is more than $28 trillion in debt, according to the U.S. debt clock.
I explicitly making this exact comment to my Dad when I was 9, during the 1984 Election cycle.
NINE
 

Ling31

Active Member
Member
Joined
May 19, 2020
Messages
229
Reaction score
686
Location
Australia
“We are not broke as a nation. We are not bankrupt. We can’t go bankrupt. We absolutely cannot go bankrupt because we have the power to create as much money as we need to spend to serve the American people,” Chairman of the Budget Committee Rep. John Yarmuth (D-KY) said during Thursday’s Budget Reconciliation markup.


However, according to financial analysis from the Hill on Friday, citing the Bipartisan Policy Center (BPC), “the federal government is on track to default on the national debt sometime in between the middle of October and the middle of November without action to raise the debt ceiling.” The United States is more than $28 trillion in debt, according to the U.S. debt clock.
I’ve often wondered why every nation just can’t wipe away their debt. After all its all based on usury. Why should anyone or any nation have to toil against the heavy burden of unending debt with added interest. I think President Lincoln did once create his own currency based on the wealth of his people. That may have been one of the reasons he received a bullet to the head.
 

tmttactical

A True Doomsday Prepper
Member
Joined
Jul 20, 2018
Messages
4,061
Reaction score
11,579
Location
Arizona
At the end of every month, we pull out all left over money and put it in our safe at home. Many do not realize that their money is actually legally considered the property of the banks and is also considered the banks asset. So if the Bank is seized, it is no longer your money. You will just be considered a very minor bank creditor. At the very bottom of any monetary recovery process.
 

GeorgiaPeachie

A True Doomsday Prepper
Member
Joined
Mar 5, 2020
Messages
3,682
Reaction score
14,864
Location
Georgia
If for any reason the government declares a National Emergency for any reason and closes all banks we won't be able to get at our money, so what'll we do then?
Below: an example-

This above should be a great example...if we needed them after Italy and other countries shut the banks and stole money from depositor’s accounts. They then “allowed” those same people to have “some” of their own money once a week.

Everyone should have a few months worth of extra cash in a safe place...and tell no one! Other advice is to have some gold and silver. Again, tell no one.
 

Dropship

Member
Member
Joined
Sep 13, 2021
Messages
125
Reaction score
156
Location
England
This above should be a great example...if we needed them after Italy and other countries shut the banks and stole money from depositor’s accounts. They then “allowed” those same people to have “some” of their own money once a week.
Everyone should have a few months worth of extra cash in a safe place...and tell no one! Other advice is to have some gold and silver. Again, tell no one.
Yeah, nearly all my cash is kept in a fireproof/waterproof wallet like this stock Amazon image, hidden among the books on my bookshelf, it's made of a funny leathery/plasticky material..:)



However, in a hardcore apocalypse when food is scarce I won't be able to eat my money so when things begin looking seriously bad I'll try to buy food while there's still some on the grocers shelves because I wouldn't want to end up starving to death like this poor slob in 'Survivors 1975' who left it too late-
 

Arcticdude

A True Doomsday Prepper
Member
Joined
Mar 29, 2013
Messages
8,311
Reaction score
27,172
Location
Undisclosed Northwest location
Never, ever depend on being able to obtain food in a SHTF situation!! You should have at least 6 months worth as well as access to water and a way to make it safe to drink.
In addition to 6 months of food and water I think its prudent to have at least 6 to 12 months of $$$ to cover any event that may come up. I personally don't think that SHTF will happen overnight. I think we're in it now, and things will progressively get worse, much worse over time.
 

Latest posts

Top