Does anyone else see an economic crash coming?

[Oddcaliber]

Couldn't have said it better!

 

[poltiregist]

More Americans are tapping into their 401(k) accounts, data shows --- Here we go , now it isn't just us crazy preppers saying an economic collapse is neigh . Desperate people are maxing out credit cards and drawing out their retirement in a desperate bid to financially not drown as gas and food prices devour their income . The thing is this isn't going to end until we get rational leadership over a country , so these desperate financially strapped individuals are now in a bind as preppers that foresaw the collapse watch their plight worsen .

 

[Survivor_316]

Or maybe they're just cashing out because they know the likelihood of it being worth anything by retirement is not high and they figure they might as well get themselves in a better financial position while they still can.

 

[poltiregist]

Well it has now happened . The United States Democrats in Washington DC have spent the entire yearly budget . The responsible members of the Republican house , have decreed to defund the Democrats thief agency " alias IRS " . So what happens next ? That money the Democrats squandered away was supposed to keep the government agencies afloat until next September . They went through the years budget in less than 5 months . It may very well be more than just the tax thief agency going belly up but perhaps an across the board of shutting down agencies . -- It is a good thing we are preppers and ready for railway subsides and other government funded schemes to collapse . No need for stores or fuel for transportation for the self sufficient .

TikTok - Two months after the above post and we still see the divided United States Government with no plan or seemingly no intention to stop the U.S. economy from crashing . My grandson that I am raising said last night , only half joking " after all the money and preparations you have put in for a Nuclear War or some other calamity " you will be disappointed , If it doesn't happen . - In a way , he was right . --- In an article that I read the Republicans are already drawing up a plan for an economic crash . They are looking at expenditures to drop and which things need financial priority when the economy collapses this summer .

 

[Proud Prepper]

It already has crashed, we are experiencing artificial economic life support that will only end one way.

 

[DrHenley]

When you can create unlimited "money", and pass it out to your favorite companies to keep them afloat, you won't know what the real state of the national economy is until the thing that props it up goes away. That thing is the "petrodollar."
These dumbocrats don't seem to realize that without "fossil fuel" they can't spend unlimited money anymore.
Morons like this guy will suddenly have a "Come to Jesus Moment."

 

[Survivor_316]

My grandson that I am raising said last night , only half joking " after all the money and preparations you have put in for a Nuclear War or some other calamity " you will be disappointed , If it doesn't happen . - In a way , he was right . --- In an article that I read the Republicans are already drawing up a plan for an economic crash . They are looking at expenditures to drop and which things need financial priority when the economy collapses this summer .

Nah, you'd pass it on to him if it didn't!

If I and mine are long gone (as I suspect we will be because of my personal views of prophecy), I hope my preps are found by someone decent.

My husband even bought a kit- I can't remember where it is from ... maybe from Serpents and Doves? Anyway, it is a kit to explain what is happening in the world in the event of a rapture.

 

[lonewolf]

we have a cost of living crisis here so an economic crash is quite possible.

 

[poltiregist]

At this point it is an almost certainty that other countries will follow in the footsteps of countries that whose economy has already collapsed , such as Venezuela , Sri Lanka and for down the crapper South Africa . It actually appears nearly every country on the planet is teetering on economic disaster . About the only thing to prevent it , is if something even worse transpires before they economically collapse such as A World Wide Nuclear War . But to be optimistic and presume we do not enter a Global conflict and to see what is the future , simply bring up the plight of the people that once lived in the 3rd best economies on the planet " Venezuela " and study the squaller that they now live in . The plight of Venezuelans can be found on You Tube . Those that live in rural locations find their living conditions much better than those trapped in the gang run cities . --- In Sri Lanka fuel for their automobiles or fuel for transportation of food to a store is virtually non-existent from my last investigation . This is not something that will rebound in a year or so like recovering from a cat 5 hurricane but will be the new permanent lifestyle . -- Desperation is so acute that in some countries they can not keep electrical power because the people punch holes in the electrical transformers , drain out the oil and actually cook their food in that stuff . -- Indeed we are in the " beginning " stages of interesting times for preppers and catastrophic for those that didn't foresee these events and prepare .

 

[Helen Back]

What caused Silicon Valley Bank to collapse and will customers get their money back? Second largest bank failure in US history rattles markets and raises fears of contagion​

Dow closes down 345 points as stocks tumble after Silicon Valley Bank collapse - as Bank of America warns 'crashy vibes of March' set to worsen​

SVB collapse will have 'major' impact on tech industry: Fears over mass layoffs and paycheck delays for thousands of employees at companies that do NOT bank with SVB - but use payroll providers that do​

Collapse of SVB is largest bank failure in US since 2008 Washington Mutual closure: Customers with deposits OVER $250,000 brace for losses​

 

[Helen Back]

https://www.reuters.com/markets/cur...tart-12-week-digital-dollar-pilot-2022-11-15/

Those 12 weeks are up, and according to them, a smashing success. It IS coming.

https://cryptonews.com/news/swift-r...test-continues-with-next-phase-of-testing.htm
https://decrypt.co/123112/tom-emmer-digital-dollar-financial-control
https://beincrypto.com/us-cbdc-vs-other-cryptocurrencies/

 

[Proud Prepper]

No one that's been on this forum for the past year should be surprised or directly affected by any of this.

 

[user 7704]

No one that's been on this forum for the past year should be surprised or directly affected by any of

I got out of stocks in 2020. I have quite a few EE Savings Bonds that just matured and I am going to cash them in asap. I don't know what to do with the cash though. It isn't a lot... about $40k.

How did this meld into your post? This is Robin not PP

 

[user 7704]

R

What caused Silicon Valley Bank to collapse and will customers get their money back? Second largest bank failure in US history rattles markets and raises fears of contagion​

Dow closes down 345 points as stocks tumble after Silicon Valley Bank collapse - as Bank of America warns 'crashy vibes of March' set to worsen​

SVB collapse will have 'major' impact on tech industry: Fears over mass layoffs and paycheck delays for thousands of employees at companies that do NOT bank with SVB - but use payroll providers that do​

Collapse of SVB is largest bank failure in US since 2008 Washington Mutual closure: Customers with deposits OVER $250,000 brace for losses​

ReAd that 97% of their customers had over $250k. Can't believe they didn't spread it to other banks so they would be covered.

 

[DrHenley]

I knew something was up when I saw the gold market.

 

[rainingcatzanddogs]

The question is, what happens next? Will it be a cascading effect or will the gov step in like they did in '08 spend money they don't have to borrow time? My guess, too many people didn't notice. They need a catastrophe to hit a majority of the population to be able to usher in a digital dollar.

 

[user 7368]

Joe won't do anything about it because Joe's mind is not working anymore and he has no interest in a USA and your history.
Joe will stick the rest of the money in the *** of the Ukrainian despot and destroy your country and your army completely, probably a plan of Klaus Schwab.
Interesting times as it looks, so probably for the U.S. and Europe, the population is divided and our industry destroyed, one destroys the middle class and takes a civil war in buy, the regime has only the police on your side the Bereitwillig the people beaten up....

 

[user 7704]

How did this meld into your post? This is Robin not PP

Would like suggestions please

 

[poltiregist]

--- " Warning this video is not suitable for the unprepared . " This video I could have put under several threads but it appears a " bank run " is potentially on the horizon " perhaps this coming Monday " . At the beginning of the video and a little past half way it presents the bank run possibility . I counted eleven banks that are on the list for collapsing . One statement I liked by Canadian Prepper - When SHTF some will have a plan to confront the crises and proceed to implement it - Some will simply panic and run about not knowing what to do - and finally some will simply freeze in a state of terror .

 

[poltiregist]

Actually thinking about it , the ATM machines may be drained over the weekend .

 

[rainingcatzanddogs]

--- " Warning this video is not suitable for the unprepared . " This video I could have put under several threads but it appears a " bank run " is potentially on the horizon " perhaps this coming Monday " . At the beginning of the video and a little past half way it presents the bank run possibility . I counted eleven banks that are on the list for collapsing . One statement I liked by Canadian Prepper - When SHTF some will have a plan to confront the crises and proceed to implement it - Some will simply panic and run about not knowing what to do - and finally some will simply freeze in a state of terror .

There was an interesting book that came out a few years ago that studied how people responded in life or death situations.

It was very educational regarding the mental states of people and why their brains took them there.
Though, historically inaccurate, one of the better lines from the movie Titanic...

" Six were saved from the water, myself included. Six...out of 1500. Afterward, the 700 people in the boats had nothing to do but wait...wait to die...wait to live...wait for an absolution...that would never come.” —Rose

 

[lonewolf]

Actually thinking about it , the ATM machines may be drained over the weekend .

that dosent take much, happens most weekends over here.

 

[Survivor_316]

I don't know why anyone would still have much money in the bank, frankly. It's not as if the interest you gain is substantial and you can't keep it any safer there than in a safe at your home.

 

[lonewolf]

we dont get any interest on money in the bank not even on a savings account.
keeping it in the bank is however safer here as our capital is guaranteed which is wouldnt be if we kept it at home.

 

[Helen Back]

PP, I would take that 40k and buy gold.

 

[Proud Prepper]

PP, I would take that 40k and buy gold.

I already have much more than that in gold. The 40K is to buy vehicles, tractors, food, fuel, equipment, etc.. as become available at Supreme discounts and to buy those things when everything is collapsing. I don't plan on having any cash left when the shelves are empty and businesses are boarded up.

 

[Helen Back]

Anyone else think the FED is on this bank run fiasco? They knew all of these banks taking billions from investors and PPP loans during 2020 ans 2021 covid lockdowns had to be invested in mortgage backed securities, with a return under 2% and a long maturity timeline. So, they send prime through the roof, and now these banks are losing money on the interest they pay to investors. All seems a little too convenient for me.

I especially like how they are now telling everyone which banks to make a run on. SHENANNIGANS!!!

AAAND, they took down cryptocurrency at the same time. Just in time to introduce their own digital currency.

 

[user 7704]

Hahaha Oprah and Prince Harry are losing millions at SVB. I hope it hurts Harry. Oprah is probably not going to starve

 

[Helen Back]

'It isn't a one off': Financial markets suffer more pain from Silicon Valley Bank 'death spiral'- with First Republic, Pac West and Signature Bank stocks down by up to 50% and tech giants unable to access frozen BILLIONS​

'Use discount code BANKRUN': Toyshop and kids' experience firm with cash tied up in collapsed SVB offers parents 40% off its goods in desperate bid to stay afloat​

Idiots are in charge. It is now far more important to the left, that we fill positions based on race (not white), sexual identity, and gender, than who is the best for the job. Idiocracy IS here, and we will ALL suffer.

Silicon Valley Bank had NO head of 'risk assessment' for nine months before it collapsed... as woke boss for Europe, Middle East and Africa was busy organizing a month-long Pride campaign and a 'Lesbian Visibility Day'​

 

[Proud Prepper]

'It isn't a one off': Financial markets suffer more pain from Silicon Valley Bank 'death spiral'- with First Republic, Pac West and Signature Bank stocks down by up to 50% and tech giants unable to access frozen BILLIONS​

'Use discount code BANKRUN': Toyshop and kids' experience firm with cash tied up in collapsed SVB offers parents 40% off its goods in desperate bid to stay afloat​

Idiots are in charge. It is now far more important to the left, that we fill positions based on race (not white), sexual identity, and gender, than who is the best for the job. Idiocracy IS here, and we will ALL suffer.

Silicon Valley Bank had NO head of 'risk assessment' for nine months before it collapsed... as woke boss for Europe, Middle East and Africa was busy organizing a month-long Pride campaign and a 'Lesbian Visibility Day'​

The Fed wants a run on banks and banking collapse so they can usher in there digital currency scheme.