As for the question regarding banks not letting or getting your money out of the bank.! Example I decided to set up a monthly payment to a new company. A little over a thousand a month(JP Morgan)by the way. It took about an hour to accomplish this feat. When I got home I went on line- NO the bank locked me out for suspicious activity I called the the bank to resolve the issue 1 hour and 15 minutes later I was told to go back to the branch because they couldn't fix it. This was the Friday before labor day weekend. So on Monday I had to go back to the bank do the whole thing over. And I was asked at least 4 or 5 times if I new the recipient. And why I sent the money there. No I'll see if they didn't F--k it up again. And there the biggest BANK. It's happening. If anyone wants to comment or had the same experience . Please comment. Ed K
This financial armageddon of non-stop spending, that does nothing to improve the average person's life, is like a brigade of Panzer Tanks rolling on through. A much feared, lethal, monster!
We won't be able to continue spending without collapsing the country. The rest of the world sees through us and will no longer buy our bonds. This country is going down, and we did it to ourselves.
Brian b, a commenter here, recommended The Great Taking posted at Bill Holter's site. I haven't finished reading it, but it's obviously written by a finance expert. I've known about how they can do bail-ins and take your money at banks, so I've always wondered if they have some trick up their sleeve for taking your stocks. This guy claims they do. Anyone have any thoughts? So should we try to get the stock certificates?
I have spent half of Labor Day reading this article. I found it to be very well researched and footnoted. I highly recommend you read this in its entirety as it discusses the “how” you will own nothing (but not how you will be happy). What hooked me on reading the entirety is the discussion of “securities” and that book entry securities will be confiscated LEGALLY in the great margin call to come. This harkens back to my JSMineset days where Jim urged everyone to get their certificates issued in paper form. The rest of the article is bone chilling, but I cannot disagree with the author’s how or where it all leads to. May God help us all! Please do not e-mail me with questions regarding certificate issuance. Please contact your individual companies and query who their transfer agent is and how to have your certificate issued. As for any questions on the overall article, please contact the author directly.
If there's going to be explosive 💥 spending then that means A.O.C. is going to run for president and will win. I have no faith in Biden to get the job done when it comes to $10 TRILLION spending per year.
On a micro-level. Speaking from experience, not good. I live in Atlantic Canada. Hurricane Fiona hit us just hard enough to be a warning light. It disrupted our lifestyle dramatically for about 72 hours.
By the end of day 3 my wife and sister-in-law were already packing up to bail out up north 4 hours to my father and mother in laws place. Leaving my brother-in-law and I behind to deal with everything else.
Power and internet were both down. And I quote “the kids were going crazy”.
When the power came back on the first thing I noticed was the line up for the coffee shop drive thru the spanned about 1/2 a kilometre ... (1/8 mile for y’all down south) down the road.
So. Yah. Again. My analysis having lived through a very short term SHTF, not good. Not good at all considering I live in what is considered a country/rural suburb (roughly 5-10,000 folks) of a major urban city area of roughly 400,000 people.
I would have thought country folks would have been a bit more resilient.
Worthless Government/FED fiat money. Worthless American consumption. No production.
As for the question regarding banks not letting or getting your money out of the bank.! Example I decided to set up a monthly payment to a new company. A little over a thousand a month(JP Morgan)by the way. It took about an hour to accomplish this feat. When I got home I went on line- NO the bank locked me out for suspicious activity I called the the bank to resolve the issue 1 hour and 15 minutes later I was told to go back to the branch because they couldn't fix it. This was the Friday before labor day weekend. So on Monday I had to go back to the bank do the whole thing over. And I was asked at least 4 or 5 times if I new the recipient. And why I sent the money there. No I'll see if they didn't F--k it up again. And there the biggest BANK. It's happening. If anyone wants to comment or had the same experience . Please comment. Ed K
This financial armageddon of non-stop spending, that does nothing to improve the average person's life, is like a brigade of Panzer Tanks rolling on through. A much feared, lethal, monster!
We won't be able to continue spending without collapsing the country. The rest of the world sees through us and will no longer buy our bonds. This country is going down, and we did it to ourselves.
I be glad when they do some real spending and stop chump changing the American people 🤣
you got it right ... will it send the market higher with all the extra cannon fodder, or, lower?
Brian b, a commenter here, recommended The Great Taking posted at Bill Holter's site. I haven't finished reading it, but it's obviously written by a finance expert. I've known about how they can do bail-ins and take your money at banks, so I've always wondered if they have some trick up their sleeve for taking your stocks. This guy claims they do. Anyone have any thoughts? So should we try to get the stock certificates?
https://billholter.com/
Bill’s commentary:
The Great Taking
I have spent half of Labor Day reading this article. I found it to be very well researched and footnoted. I highly recommend you read this in its entirety as it discusses the “how” you will own nothing (but not how you will be happy). What hooked me on reading the entirety is the discussion of “securities” and that book entry securities will be confiscated LEGALLY in the great margin call to come. This harkens back to my JSMineset days where Jim urged everyone to get their certificates issued in paper form. The rest of the article is bone chilling, but I cannot disagree with the author’s how or where it all leads to. May God help us all! Please do not e-mail me with questions regarding certificate issuance. Please contact your individual companies and query who their transfer agent is and how to have your certificate issued. As for any questions on the overall article, please contact the author directly.
The Great Taking
https://billholter.files.wordpress.com/2023/09/taking-june21-web.pdf
The fine print is supreme
Good morning Greg! 😃👍
If there's going to be explosive 💥 spending then that means A.O.C. is going to run for president and will win. I have no faith in Biden to get the job done when it comes to $10 TRILLION spending per year.
We need to UNLEASH A.O.C.!
Yeah forever wars and forever spending 🤣😂 Africa wants carbon tax and John Kerry says Right On Brother 🤣😂
10.49$ CAD for a six box pack of Kleenex. 29.99$ CAD for 100 count (50 pair) box of ear plugs this morning in my local stores.
It’s starting to happen... If you blink you miss the price increases.
IMHO, I would advise rationing money like one would ration water, for survival for the next 2-3 months.
The ignorant masses historically only care about being fed and entertained. I wonder how they will react when this happens?
On a micro-level. Speaking from experience, not good. I live in Atlantic Canada. Hurricane Fiona hit us just hard enough to be a warning light. It disrupted our lifestyle dramatically for about 72 hours.
By the end of day 3 my wife and sister-in-law were already packing up to bail out up north 4 hours to my father and mother in laws place. Leaving my brother-in-law and I behind to deal with everything else.
Power and internet were both down. And I quote “the kids were going crazy”.
When the power came back on the first thing I noticed was the line up for the coffee shop drive thru the spanned about 1/2 a kilometre ... (1/8 mile for y’all down south) down the road.
So. Yah. Again. My analysis having lived through a very short term SHTF, not good. Not good at all considering I live in what is considered a country/rural suburb (roughly 5-10,000 folks) of a major urban city area of roughly 400,000 people.
I would have thought country folks would have been a bit more resilient.
Nope.
Re: Circus Maximus
Send in the clowns, more clowns!
The ignorant masses historically only care about being fed and entertained. I wonder how they will react when this happens?