First let’s examine how the Great Depression was kicked off.
Most folks think of The Great Depression as a result of the stock market crash of 1929, but that was not the start. What preceded the crash?
The value of the stock market almost doubled in just eighteen months prior to the crash with speculative buying. Then the panic sat in and the rush to sell by millions of stock holders created the crash. Does that remind you of anything? What was the market at when Trump took over? >10,000? Where is it now? > 33,000? Well yes it is.
Does anyone believe that huge gain is due to more assets, more wealth? I watched it grow and I never believed the value was there. It was pure speculation, but who was driving it. Trump touted the gains, but I think even he knew what was really going on, and their plan was a huge crash.
What else was needed in 1929 to really get the crash rolling? Runs on banks?
Every day we see panic pushed on how the banks are going under. What would a mass panicked rush to withdraw their money by tens of millions do? It would ensure the banks fail. Who would that benefit? It damned sure wouldn’t be the lowly customers. Stampeding the sheeple would kick off the Great Reset, just like the last Great Reset, that they named The Great Depression.
Did the filthy rich lose everything in the Great Depression? They still came out on top. When a rich man loses everything in the reset he still has enough assets to be rich. When a poor person loses everything in a great reset he is barely able to manage to feed himself and his family much less hang on to assets. They get richer, you get poorer. They have used this tactic throughout history.
What happens when a company is boycotted? Who loses? The rank and file stock holders lose. Who wins? Those that knew a boycott would occur. Who would know that? Those in the financial system that run the corporate board that implement the policies that kicked off the boycott? How would they benefit? Selling their stocks at peak price. Short selling even?
Short selling is an evil that should have never been legal, and should be one of the first things a patriot administration stops.
These thoughts are just my take on watching the financial news pile more and more bad omens on the people every passing day. The cabal needs a financial panic to trip off their next great reset, and their lapdogs in the media are doing their part to try to create it. I don't believe Trump and the whitehats plan involves losing everything you worked for all your life. If it does then there is no plan. If you believe in the plan don't panic. Panic is the plan of the enemy.
You ought to max out your CC and not worry about paying it back. During the Great Reset the court system will fail and need to be rebooted, thus no more adversarial actions can take place against people not repaying their CC debt. As long as you could afford the monthly payments until the start of the Reset, then you should be OK. ;)
Yeah, I keep my credit score above 800 and have made a lot off CC welcome bonuses. Also quite a bit moving my Direct Deposit... Banks offer these deals because they come out ahead with most people... I just use all my CC cards enough to keep the account open, and apply for new cards when I find one with perks I want.
Amex gives me 3% Cash back at Publix, an upscale grocery chain, but has BOGOs all the time, and you only need to buy one and it rings up at half price.
My Citi card has a Cashback bonus of 5% on your leading category. I let my wife use that card...
Should the unthinkable happen, I might have to use my CC's...
Social Security is protected from being garnished as long as you only have 1 checks amount in the bank ...
I have a score of 803 and rarely if ever used CC. Had a Kohl's card that was canceled because I never used it. Had a Penneys card years ago. Never had any others. Bought a house in the early 80s. Paid $40k @ 13%. Paid my ex his share when we divorced in the early 90s. Refinced it to by 14 acres of land in late 1999 but Bush was coming in so never built and moved. 2nd husband died but that land is paid for. I owe about $20k @ 4% on the original home. Bought a new vehicle every 10 years or so, took very few vacations and paid the bills. I dont have much in saving because I was the only breadwinner for many years, had two degrees to pay for and had a couple of layoffs that made me use savings to survive. if i can do it anyone can.
Yeah, I retired early and built a house abroad and we lived there for 3 years on savings. Between the house and living on savings my nest egg looked pretty dismal. I'm not trying to save anymore as I want to enjoy my remaining years, so I keep my nest egg at a certain level then spend the rest of my extra money. I had to return to work when we returned to the USA because SS isn't enough to live on.
Similar situation on buying a house in the early 80's, but I sold that house and leapfrogged from condo to condo paying cash each time. That's where my nest egg came from. Not sure if it has changed, but used to be no income tax on profits from a home you sold after living in it for at least 3 years.
Now I own nothing in the USA and prices are crazy high, at soon to be 65 I doubt if I would able to pay off another mortgage and have no one to leave a house to in the USA . My wife will retire and live in our house abroad.