Tres. Sec. Yellen to Congress: USA is about to go broke.
(home.treasury.gov)
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Sooo on a personal level, what does this mean for citizens? Prep high gear? Credit cards etc? Thanks :) I'm no financial guru (hubby can attest I am the WORST with finances), so someone help me out lol
Without credit, most businesses will not be able to operate. The government will have to stop all spending. That may be a good thing. Can you imagine when all the freeloaders stop getting their checks? That might be THE precipice moment for them.
Only The armed citizens will prevail. Could be a long overdue purging.
That would be perfectly wonderful! I wonder if it will impact buying with debit cards etc if banks shut down? Or is it mostly "credit" type things