13

Are you ready for the coming U.S. default?

Posted by $ Markus_Katabri 2 weeks, 6 days ago to Economics
10 comments | Share | Flag

“ Still, the majority of Americans are incapable of putting two and two together. In fact, this week spectacular evidence was given proving that the majority of Americans are, indeed, mildly retarded.

What are we talking about?

The following Newsweek headlines will leave you questioning the enlightenment of democratic rule…

“Majority of Americans Back New Stimulus Checks To Combat Inflation”

QED
SOURCE URL: https://www.zerohedge.com/markets/are-you-ready-coming-us-government-default


Add Comment

FORMATTING HELP

All Comments Hide marked as read Mark all as read

  • Posted by $ 2 weeks, 6 days ago
    As usual mining the ZH comment section for Nuggets always turns some up.
    “ Inflation is like a forest fire. You can prevent it, you can encircle it, you can light backfires and you can eventually extinguish it. If the fire is large enough it will create its own weather and do what it damn well pleases... until it consumes all of the fuel in its path. At the fire weather stage nothing can be done except to get out of the way...we are there. “
    Reply | Mark as read | Best of... | Permalink  
  • Posted by $ 2 weeks, 6 days ago
    “The popular American myth is that the U.S. government has never defaulted on its debt. Quite frankly, that’s an unadulterated lie. The U.S. government has (unofficially) defaulted on its debt twice within the last hundred years.” ZH
    Reply | Mark as read | Best of... | Permalink  
  • Posted by $ Abaco 2 weeks, 5 days ago
    It's an interesting time, for sure. I've set my equity stops up pretty tight. Am acquiring a little real estate. Acquiring a little more gold. These times require active management of any wealth one might have. All these poor Americans who have put their futures into their 401k and IRA collection of mutual funds...these poor people are already being pummeled. It's criminal...
    Reply | Mark as read | Best of... | Permalink  
    • Posted by $ 2 weeks, 4 days ago
      In January when my “going” phase of Going Galt is complete I’m pulling all my 401k. Penalties be damned. If I had done it last January I’d still be 5% ahead even after penalties and have all that “jail broke” money to continue acquiring tangible assets. The more I consider it the more I think ZeroHedge is spot on. We are headed for another collapse. But when you have the biggest military and reserve currency status collapse doesn’t look like collapse. They just change the nature of so-called money and after all the number crunching stops you end up poorer.
      Reply | Mark as read | Parent | Best of... | Permalink  
  • Posted by tutor-turtle 2 weeks, 5 days ago
    Aquire things of value. Precious metals like gold silver and most importantly, lead (the type encased in brass). Aquire tradable items like food, livestock, fuel, tools, sundries, tobacco, alcohol, medical supplies, and again most importantly: firearms. If you are practiced in a trade, you can trade your labor for the things your family is going to need. A simple to repair car or pickup truck would be a wise investment. One with a carburetor, generator & point-ignition. (basically EMP-proof is ideal) Anything pre-computer will fit the bill. i.e. mechanical fuel injection is pretty reliable.
    Atlas Shrugged was never meant to be an instruction manual, yet here we are.
    Reply | Mark as read | Best of... | Permalink  
    • Posted by $ 2 weeks, 4 days ago
      Trying to decide if my OBD I 1996 F-250 is too high tech...I can work on a carb. It may run like crap. But at least it will run.
      Reply | Mark as read | Parent | Best of... | Permalink  
      • Posted by tutor-turtle 2 weeks, 3 days ago
        I believe on the driver side inner fender is the only electronics box in the vehicle. Buy a spare and keep it sealed in a "anti-static" bag Those silvery (or pink) bags electric parts come in. If there is an EMP strike, you'll have an ace-in-the-hole. They are pretty reliable, but do go bad once in a blue moon. Always use thermally paste when replacing it. It looks a little like marshmallow fluff. It conducts heat away from the module. Overheating is the primary source of electronic failure.
        Reply | Mark as read | Parent | Best of... | Permalink  

FORMATTING HELP

  • Comment hidden. Undo