There has been a lot of chatter about the US Corp missing a payment in December (or was it January?) and February 18th is sort of like the final opportunity (like a grace period?) for the US Corp to make its payment. If it doesn't, it is defunct.
There is a lot implied in the above statement, and I am not the one to offer sauce on any of it... I'm just regurgitating what I have read on this glorious board.
Let's assume it's for real, Balakay (shout out to Mr. Garvey)
Some of the following questions might be pertinent to you... if you have an answer please reply and share it. Obviously no debt, not holding cash in the bank, and having supplies is ideal. For those of us trying to get out of the monetary slave system, here are the questions I am curious about...
What would the end of the US Corp (and Federal Reserve) mean for our banking system?
Or for the cash in my checking account?
Or for my credit card balances and interest rates?
Or for my investment portfolio?
What if I don't have precious metals? Or, what if I do? What's next?
How much food and supplies do you think I should have on hand? In other words, how long will this storm affect our ability to buy food?
Do you think riots are possible and is it time to bug out of the city?
Other questions you can add?
Thanks for getting this discussion going. I believe we are all on the same page regarding the desire to be prepared, and some of us has deeper holes to dig out of than others to prepare. Any advice or validation for preparedness you can offer would be appreciated by all.
not gonna botther me ,.im broke,.dont laugh..! you would be too,.if you had to pay 13.50 per gallon here in newzealand,.
not laughing at all.
makes me wonder, too... should I do some cash advances on the credit card? hold onto the cash in my hand, and if things implode, will that debt disappear?
max out your CC,..if it implodes how are you spose to pay it back,..but keep some cash on hand always a good choice for this kinda scenario,.maybe some gold (physical) silver,.real money,.