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14 Signs That Most Americans Are Flat Broke And Totally Unprepared For The Coming Economic Crisis

Tyler Durden's picture




 

Submitted by Michael Snyder via The Economic Collapse blog,

When the coming economic crisis strikes, more than half the country is going to be financially wiped out within weeks.  At this point, more than 60 percent of all Americans are living paycheck to paycheck, and a whopping 24 percent of the country has more credit card debt than emergency savings.  One of the primary principles that any of these “financial experts” that you see on television will teach you is to have a cushion to fall back on.  At the very least, you never know when unexpected expenses like major car repairs or medical bills will come along. 

And in the event of a major economic collapse, if you do not have any financial cushion at all you will be a sitting duck.  Yes, I know that there are millions upon millions of families out there that are just trying to scrape by from month to month at this point.  I hear from people that are deeply struggling in this economy all the time.  So I don’t blame them for not being able to save lots of money.  But if you are in a position to build up an emergency fund, you need to do so.  We have been experiencing an extended period of relative economic stability, but it will not last.  In fact, the time for getting prepared for the next great economic downturn is rapidly running out, and most Americans are not ready for it at all.

The following are 14 signs that most Americans are flat broke and totally unprepared for the coming economic crisis…

#1 According to a survey that was just released, 24 percent of all Americans have more credit card debt than emergency savings.

#2 That same survey discovered that an additional 13 percent of all Americans do not have any credit card debt, but they do not have a single penny of emergency savings either.

#3 At this point, approximately 62 percent of all Americans are living paycheck to paycheck.

#4 Adults under the age of 35 in the United States currently have a savings rate of negative 2 percent.

#5 More than half of all students in U.S. public schools come from families that are poor enough to qualify for school lunch subsidies.

#6 A study that was conducted last year found that more than one out of every three adults in the United States has an unpaid debt that is “in collections“.

#7 One survey discovered that 52 percent of all Americans really cannot even financially afford the homes that they are living in right now.

#8 According to research conducted by Atif Mian of Princeton University and Amir Sufi of the University of Chicago Booth School of Business, 40 percent of Americans could not come up with $2000 right now without borrowing it.

#9 That same study found that 60 percent of Americans could not say yes to the following question…

“Do you have 3 months emergency funds to cover expenses in case of sickness, job loss, economic downturn?”

#10 A different study discovered that less than one out of every four Americans has enough money stored away to cover six months of expenses.

#11 Today, the average American household is carrying a grand total of 203,163 dollars of debt.

#12 It is estimated that less than 10 percent of the entire U.S. population owns any gold or silver for investment purposes.

#13 48 percent of all Americans do not have any emergency supplies in their homes whatsoever.

#14 53 percent of all Americans do not even have a minimum three day supply of nonperishable food and water in their homes.

Perhaps none of this concerns you.

Perhaps you think that this bubble economy can persist indefinitely.

Well, if you won’t listen to the more than 1200 articles that set out the case for the coming economic collapse on my website, perhaps you will listen to former Federal Reserve Chairman Alan Greenspan.  The following is what he recently told one interviewer

We asked him where he thought the gold price will be in five years and he said “measurably higher.”

 

In private conversation I asked him about the outstanding debts… and that the debt load in the U.S. had gotten so great that there has to be some monetary depreciation. Specially he said that the era of quantitative easing and zero-interest rate policies by the Fed… we really cannot exit this without some significant market event… By that I interpret it being either a stock market crash or a prolonged recession, which would then engender another round of monetary reflation by the Fed.

 

He thinks something big is going to happen that we can’t get out of this era of money printing without some repercussions – and pretty severe ones – that gold will benefit from.

And as I have stressed so frequently, the signs that the next crisis is almost here are all around us.

For example, the Baltic Dry Index has just plunged to a fresh record low, and things have already gotten so bad that some global shippers are now filing for bankruptcy

The unintended consequences of a money-printed, credit-fueled, mal-investment-boom in commodities (prices – as opposed to physical demand per se) and the downstream signals that sent to any and all industries are starting to bite. The Baltic Dry Index has plunged once again to new record lows and the collapse of the non-financialized ‘clean’ indicator of the imbalances between global trade demand and freight transport supply has the real-world effects are starting to be felt, as Reuters reports the third dry-bulk shipper this month has filed for bankruptcy… in what shippers call “the worst market conditions since the ’80s.”

Perhaps you do see things coming.

Perhaps you do want to get prepared.

If you are new to all of this, and you don’t quite know how to get started preparing, please see my previous article entitled “89 Tips That Will Help You Prepare For The Coming Economic Depression“.  It will give you some basic tips that you can start implementing right away.

And of course one of the most important things is something that I talked about at the top of this article.

If at all possible, you have got to have an emergency fund.  When the coming economic storm strikes, your family is going to need something to fall back on.

If you are trusting in the government to save you when things fall apart, you will be severely disappointed.

 

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Tue, 02/24/2015 - 19:36 | 5824487 venturen
venturen's picture

Well we need to expand Obamacare to all aspects of life! Problem solved

Tue, 02/24/2015 - 19:39 | 5824496 NoDebt
NoDebt's picture

That's what the next "crisis" will be for.

Tue, 02/24/2015 - 19:58 | 5824594 nuubee
nuubee's picture

Actually, if you have more debt denominated in dollars than you have dollars, you'll probably come out in better shape than some pensioner who goes to bed each night thinking of his positive bank account balance.

Crises like these, should it actually go down ugly in my lifetime, leave no one completely unscathed, and generally create more unexpected havoc than predictable events.

Tue, 02/24/2015 - 20:17 | 5824686 XqWretch
XqWretch's picture

"I dont have to worry about my mortgage, I dont have to worry about my car payment, Obama gunna take care of us"

Tue, 02/24/2015 - 23:06 | 5825283 RiderOnTheStorm
RiderOnTheStorm's picture

You forgot to mention the free Obamaphone too.

Wed, 02/25/2015 - 01:37 | 5825801 A Nanny Moose
A Nanny Moose's picture

Will debt relief for IRS bills be counted?

Tue, 02/24/2015 - 19:45 | 5824537 dimwitted economist
dimwitted economist's picture

in Michigan we get 10 cents for beer and pop cans... i pick em up everyplace i find them.

Tue, 02/24/2015 - 19:55 | 5824582 JRev
JRev's picture

Well, the government takes ten cents by force and gives it back to you for being a "Good Green Citizen," but point taken.

Wed, 02/25/2015 - 01:44 | 5825817 A Nanny Moose
A Nanny Moose's picture

That's just an interest free loan to Gubmint.

Wed, 02/25/2015 - 03:58 | 5826018 TruthInSunshine
TruthInSunshine's picture

The Michigan recycle rate can/bottle scheme only works if you have a no-cost postal truck at your disposal, as Kramer found out.

Tue, 02/24/2015 - 19:51 | 5824568 Larry Dallas
Larry Dallas's picture

OK. I've been a good Boy Scout. And if this listicle was a checklist to be an Eagle Scout, I'd have my pin.

So when is the apocolapse going to happen? Tell me when.

That would be more interesting than these listicles we've seen over 100x already.

Tue, 02/24/2015 - 20:10 | 5824652 p00k1e
p00k1e's picture

Agreed.

I have a paid off house.  Like a Suburban Sheik, I’ll have a yummy harem in no time.

Bwahahahaha!!!  

Tue, 02/24/2015 - 20:49 | 5824810 suteibu
suteibu's picture

I am thankful every day not to be one of these statistics. 

And given the life I've led, I am constantly amazed it turned out so well.

Tue, 02/24/2015 - 21:16 | 5824882 Uchtdorf
Uchtdorf's picture

boku mo

Tue, 02/24/2015 - 21:38 | 5824968 MisterMousePotato
MisterMousePotato's picture

The guy above deserves credit for "listicle" if he made it up. I like it.

Tue, 02/24/2015 - 22:22 | 5825131 armageddon addahere
armageddon addahere's picture

"apocolapse" is good too.

Wed, 02/25/2015 - 03:01 | 5825954 laomei
laomei's picture

Yep, pay that shit off and hoard your wealth... then when everything goes to shit, you buy out the neighbors for nothing and expand the estate.

Wed, 02/25/2015 - 03:43 | 5826003 Parrotile
Parrotile's picture

Unless "The Neighbours" have ideas of their own.  Here "Down Under" there are plenty of neighbourhoods (using the term in the most loose fashion) where you would certainly NOT be wanting to expand the estate, often not so far from the more "gentrified" locations.

When "It" happens, you'll have a lot more to worry about than the best predatory offer on your neighbours' McMansions . . . . .

Wed, 02/25/2015 - 10:40 | 5826741 laomei
laomei's picture

more buffer zone for that moat and minefield

Tue, 02/24/2015 - 21:21 | 5824886 weburke
weburke's picture

9-13-15, if we are going to be deep lore about it. 

There will be photos shown around the world of an empty space. 

3-20-15 will have something, but I have no clue. Could be a domino falling, into others. 

If a comet shows up, (not on the above dates for sure) or a reasonable facsimile, dont be near cities or ocean. we do have metal missles. Notice the comet that broke up over russia? No? and the other? no? well, expect that. 

Here is an eagle for you Scouti !

aerie is eagles nest.                 https://www.youtube.com/watch?v=LdEtzL6GYtw

Wed, 02/25/2015 - 01:58 | 5825821 A Nanny Moose
A Nanny Moose's picture

Be careful what you wish for. Apocalypse is gonna make for a very stinky, disease ridden planet....without toilet paper.

The closest we have come, at least in modern history might just be the battlefields of WWI, but the people who experienced that are all dead, and can only convey Dante's Inferno in their writings (which requires reading comprehension..ugh....pewblik skewlz...again!!!) Dan Carlin has a great series on WWI in his Hardcore History Podcast. WWI only killed a few million. What would Apocalypse claim

Now??? Hell is simply lack of cell/data service on your surveillance iThingy. Sweet Fucking Dreams...Sunshine.

Wed, 02/25/2015 - 13:38 | 5827605 roadhazard
roadhazard's picture

"without toilet paper"

We will all be muslims then.

Tue, 02/24/2015 - 20:13 | 5824672 drendebe10
drendebe10's picture

"Government isn't the solution to our problem. Goverment is the problem."  Ronald Reagan, Spokesman for 20 Mule Team Boraxo and Host of Death Valley Days.....  oh, yea, the President of the United States who restored America's optimism and greatness after the second worst democrap president in history.... 

Tue, 02/24/2015 - 20:34 | 5824760 Burls
Burls's picture

What are you talking about? 

Reagan went on to run up more debt than any US President before him.

Tue, 02/24/2015 - 23:19 | 5825316 RiderOnTheStorm
RiderOnTheStorm's picture

And Obama ran up more debt than all before him.  In fact he will have pretty much doubled it by the time he leaves office in two years.  So are we in a better place now?  Are you fucking happy with your fucking nitpicking????????

Tue, 02/24/2015 - 23:27 | 5825351 TBT or not TBT
TBT or not TBT's picture

That was during the cold war.    Since Reagan won that war, what existential threat have we been endebting ourselves to overcome?   Nothing was bought with that.  

Wed, 02/25/2015 - 03:05 | 5825957 John_Coltrane
John_Coltrane's picture

So Obama's debt run-up of $7 Trillion and counting is larger than $1 T?  Is this the new math:  7<1?

Man, the morons posting on this site now!  BTW Reagan was the best and most entertaining president of this century by FAR!  Remember Tip O'Neill and the dems congtrolled the budget during his presendency and congress sets the budget.  For example Reagan wanted to eliminate the Dept of Energy and Education and would certainly have done so if allowed.  And also to block grant medicaid!

Tue, 02/24/2015 - 22:40 | 5825197 WeeWilly
WeeWilly's picture

Really, Drendebe? I just saw this exact post on another, unrelated thread. Think much?

Tue, 02/24/2015 - 23:47 | 5825437 floyd084
floyd084's picture

This is exactly what I have been trying to explain. All we need is mandatory insurance for essential goods and services. Food insurance, homeless insurance, employment insurance, energy insurance, insurance insurance. Then bingo everyone will be guaranteed to have what they need.

Wed, 02/25/2015 - 02:21 | 5825888 one_hundred
one_hundred's picture

my neighbor's mother makes $86 /hr on the computer . She has been laid off for 10 months but last month her pay was $21128 just working on the computer for a few hours. go to the website... www.globe-report.com

Wed, 02/25/2015 - 02:53 | 5825947 Theosebes Goodfellow
Theosebes Goodfellow's picture

You know, you're right! I remember seeing her on Skanks-R-Us webcam slutties! Shit, she's really let herself go. Kinda' sad if you think about it. Well, with all that money maybe now she can get her teeth fixed, though I bet she gives better head without them, huh? Do you call her Granny or Gummy?

Wed, 02/25/2015 - 09:15 | 5826404 Oldballplayer
Oldballplayer's picture

Does Obamacare cover gunshot wounds?

Tue, 02/24/2015 - 19:36 | 5824488 NoDebt
NoDebt's picture

Most Americans are unprepared for this "recovery", let alone the next downturn.  

List articles.... gotta love 'em.

 

Tue, 02/24/2015 - 19:43 | 5824522 u8mapwho
u8mapwho's picture

More than 1200 articles on the coming collapse.....lol. Love that line.

I wonder what Tyler's count is up to now?

Tue, 02/24/2015 - 20:08 | 5824638 knukles
knukles's picture

BTW, ND, just where would you put us in this Recoverythingamabob?  I mean we're past "Green Shoots", been through "gaining traction" a bazillion times, maybe seen "really heating up" here and there, "everything's awesome" (or derivations thereof) have been exhausted into abject weariness, housing is a cornerstone of the Recovery as well as insert anything else as a cornerstone, more excuses have been delivered than Alibaba has Thieves with weather, nice weather, strikes, disruptions and the only God knows what the Next Excuse is going to be to pull out the "temporary" or "transitory" meme as well as it's all Bush's or the Republican's faults.  So, where are we?

Tue, 02/24/2015 - 20:17 | 5824689 p00k1e
p00k1e's picture

At least we saw that Martha Stewart go up the river during our lifetimes.    

Tue, 02/24/2015 - 20:24 | 5824713 cowdiddly
cowdiddly's picture

in a boat on a proverbial creek with brownish icky water paddling to beat hell with bare hands .

Tue, 02/24/2015 - 20:26 | 5824728 Ms. Erable
Ms. Erable's picture

Should be obvious, Knuks, given the time of year: we're approaching the Summer of Recovery VII: The Wrath of Strauss-Khan.

Tue, 02/24/2015 - 21:39 | 5824947 NoDebt
NoDebt's picture

"BTW, ND, just where would you put us in this Recoverythingamabob?"

If I was to put it anywhere, it would be in quotation marks (which I did, and not by accident).  Because it's just a word they use, not a reality.  It never was.  We took a PERMANENT hit in 2008/2009.  Aside from the brief bounce-back in 2009-2010 off the shock-lows, the real economy has stagnated at best, about 5-6% below peak and with a significantly flattened trajectory.  Doesn't sound like much, but it is in a fiat debt-based world where NO structural shrinkage can be sustained.  The next REAL downturn will be the widowmaker and they damned well know it.  

We're somewhere between "meh" at best and "waiting for death" at worst.  All policy levers are still in "emergency mode", which should give you an idea where the Fed and the government think we are.  If a serious downturn were to occur at this point there would be nothing left to counter it but outright confiscation of private wealth (distateful and unpopular, not to mention you can only do it once), or an all-out printing Blitzkreig without end, a la Japan (more likely).

That's where we are.

On a side note, I don't make a lot of friends saying stuff like that, so I usually don't say it.

 

Tue, 02/24/2015 - 21:40 | 5824978 booboo
booboo's picture

You're trying to make friends? friends are over rated

Tue, 02/24/2015 - 22:18 | 5825117 knukles
knukles's picture

Damn, ND, I was hopin' for information and what I get is affirmation.
Maybe I oughta hang out at HuffPo for a while?  Already got thrown off the Economist years ago.....

Tue, 02/24/2015 - 22:31 | 5825164 NumNutt
NumNutt's picture

Actually I am surprised to see articles like this still. I would think after the first cluster fuck (2007-2008), most people would have pulled their heads out of their asses and figured out it was time to start doing things different. Oh well guess not. Stupid is as stupid does Forest.....I tried to warn people around me before 2007, and I would get laughter and blank stairs back then. Hate to say it but I have started to try and warn them again, but now I don't waste my time if they are not interrested, I make money off of fools. The world is full of them.

Tue, 02/24/2015 - 22:39 | 5825192 Joe Sichs Pach
Joe Sichs Pach's picture

Agree with you ND on the permanence. Japan is the model. It's the precedent. It "works". They're not eating each other, defending their plots of land or bartering goods/services or purchasing things with PM's (openly). It's not the apocalypse and I think TPTB are ok with that setup.

Tue, 02/24/2015 - 22:54 | 5825246 highly debtful
highly debtful's picture

We took a PERMANENT hit in 2008/2009.

Exactamente. It puzzles me - it used to anger me - how the general public is capable of downplaying that event, ever more so as the years go by, while that was in fact the biggie that destroyed the supporting structures beneath the surface. The building is still standing, looking in pretty decent shape, while the cracks at the base continue to widen inexorably. 

What terrifies me, is the stubborn reluctance of the political and financial world to throw in the towel and finally face the music.

On a side note, I don't make a lot of friends saying stuff like that, so I usually don't say it.

Looking on the bright side: you can make a lot of new friends saying stuff like that over here. Too bad we're all batshit crazy. But beggars can't be choosers.


Tue, 02/24/2015 - 19:48 | 5824546 Bastiat
Bastiat's picture

Hey it's only fair.

Tue, 02/24/2015 - 20:08 | 5824643 knukles
knukles's picture

Social-Fucking-Justice

Tue, 02/24/2015 - 22:51 | 5825239 battlestargalactica
battlestargalactica's picture

Meanwhile CA BCBS is fucking over state academic healthcare systems with crazy contract disputes.

Oh well, gotta keep the Free Shit Army in birth control and diabetes meds

Tue, 02/24/2015 - 19:39 | 5824497 Bay Area Guy
Bay Area Guy's picture

I'm actually surprised at #13. That percentage seems quite high to me. I am betting some people interpreted the question as relating to having a flashlight and not about food, water and other necessities.

Tue, 02/24/2015 - 20:39 | 5824775 QQQBall
QQQBall's picture

She counted her Ag earnings as an investment.

Tue, 02/24/2015 - 21:52 | 5825009 swmnguy
swmnguy's picture

I grew up on a farm in Minnesota.  We were routinely stuck in our homes, usually without electricity, for a couple days at a time a few times each winter.  One time it was more like two weeks.  It snows, then gets cold and the wind comes up.  The power lines go down, and the wind keeps the snow in the air, and drifting, so there's literally no visibility on even a clear day, and drifts easily over 15' tall anyplace there's a tree by the road.

I don't feel comfortable without at least 2 weeks worth of food in the house, and a few cans of coffee, and a lot of toilet paper.  And a way to heat and cook without electricity.  Too many people don't know how their gas furnace and stove might not be so easy to  use without electricity.

But heck, too many people don't have any idea how to take care of themselves in general.

Wed, 02/25/2015 - 00:15 | 5825519 thistooshallpass
thistooshallpass's picture

"Too many people don't know how their gas furnace and stove might not be so easy to  use without electricity."

 

Truth. The blower in my furnace went out early Sunday morning, the day it finally decides to snow, and now the part is on "order". Temps have been in the teens at night and mornings are pretty cold. Living in the mountains has made me a stronger and wiser person for sure, but also never had to experience anything near two weeks without electricity in the snowy winter, that's just brute. Hopefully you had a fireplace/stove. Was damn glad to have a stove and wood Sunday morning.

Tue, 02/24/2015 - 19:41 | 5824498 Chupacabra-322
Chupacabra-322's picture

Anyone catch this gem today:

"The Disappeared: Chicago Police Detain Americans at Abuse-Laden Black Site"

The Chicago police department operates an off-the-books interrogation compound, rendering Americans unable to be found by family or attorneys while locked inside what lawyers say is the domestic equivalent of a CIA black site.

The facility, a nondescript warehouse on Chicago’s west side known as Homan Square, has long been the scene of secretive work by special police units. Interviews with local attorneys and one protester who spent the better part of a day shackled in Homan Square describe operations that deny access to basic constitutional rights.

Alleged police practices at Homan Square, according to those familiar with the facility who spoke out to the Guardian after its investigation into Chicago police abuse, include:

-Keeping arrestees out of official booking databases.
-Beating by police, resulting in head wounds.
-Shackling for prolonged periods.
-Denying attorneys access to the “secure” facility.
-Holding people without legal counsel for between 12 and 24 hours, including people as young as 15.
-At least one man was found unresponsive in a Homan Square “interview room” and later pronounced dead.

http://www.theguardian.com/us-news/2015/feb/24/chicago-police-detain-ame...

Tue, 02/24/2015 - 19:53 | 5824574 Thirst Mutilator
Thirst Mutilator's picture

Rahm is very concerned & is on the case

Tue, 02/24/2015 - 21:07 | 5824861 Usurious
Usurious's picture

right on

Tue, 02/24/2015 - 20:13 | 5824641 Oldrepublic
Oldrepublic's picture

Just like the Black Jails in Beijing

 

Tue, 02/24/2015 - 20:14 | 5824675 MsCreant
MsCreant's picture

^^READ THIS Guardian Article^^

OMFG!

Tyler should do something on this one.

Tue, 02/24/2015 - 20:22 | 5824706 p00k1e
p00k1e's picture

Why?  LOL

Tue, 02/24/2015 - 23:30 | 5825370 Thirst Mutilator
Thirst Mutilator's picture

U got your wish Missy :-)

Tue, 02/24/2015 - 20:58 | 5824840 Chupacabra-322
Chupacabra-322's picture

The Criminal Fraud UNITED STATES, CORP. INC. sets a precedent to all other Corp. government agencies (like local police) that it's ok to flout the "law."

When the top dog tells the public "fu#k off, we'll do what we like and not hold anyone accountable", all the smaller dogs follow suit.

So, when you see local police abusing the public and no one doing anything about it, you're seeing the smaller dogs following the Criminal "UNITED STATES, CORP. INC".

Tue, 02/24/2015 - 22:01 | 5825061 rsnoble
rsnoble's picture

In other words, shit rolls downhill.  Corrupt from the top down yet they still expect the slaves to follow some bullshit rulebook and be happy being poor.

Tue, 02/24/2015 - 23:36 | 5825395 TBT or not TBT
TBT or not TBT's picture

Indeed.  All three branches of wipe their asses with the supreme law of the land.    The very same supreme law that restrains police from a lot of abuses.   Rule of law is done for.  

Tue, 02/24/2015 - 23:25 | 5825344 DaveyJones
DaveyJones's picture

Chicago police have been "special" for a long time. Lots of police agencies do lots of special things. The big difference today is that twenty years ago if this story broke, it would be a big deal. Notice today the report comes from the Guardian. Much like the At&T scandal, Snowden, waterboarding, and the Cuban muscle crisis, nobody does anything. They are numbing us down quickly.  

Tue, 02/24/2015 - 19:39 | 5824500 A Lunatic
A Lunatic's picture

I'm pretty sure we are already having an economic crisis.......

Tue, 02/24/2015 - 22:42 | 5825204 Yes_Questions
Yes_Questions's picture

 

 

 

shhhhh

Tue, 02/24/2015 - 19:41 | 5824509 Ms No
Ms No's picture

And yet in the Cottonwood AZ area real estate is up 20% this year and much of the rest of AZ is up 5% according to Trulia.  If you get a rental in the same area you will pay a 24,000 deposits worth of rent minimum in the first year.  WTF over?

Tue, 02/24/2015 - 19:41 | 5824512 davidalan1
davidalan1's picture

Been watching this devolution for over 15 years, Back when gold was at $299 an ounce and silver like $3.00. Back when mogambo was still around yelling at the top of his lungs. This was 1999, i was prepped for y2k, much to the wifes dismay. I remember sitting there on New years ever feeling like a fucking idiot.

I read all the sights, love the guy that used to be on Bear chat..."put your crash helmets on" LMAO..looking back its been a trail of prognosticators and prophets forecasting DOOM "this year".  Ive seen all the "experts" wrong. Watched CNBC with its parade of puppets.

 

Gawd I want me some Becky and QUICK.

Anyhoo..been throught the DEBT of the U.S. States i.e. Ill and Ca. being in debt and flat broke and needing BILLIONS..what happened to that? The realestate bust, The Iceland bust, the Cyprus bust, the Portugaul bust, Italy, ON ON ON ON on...yet...here i sit on my computer writing a stupid response on ZH and wondering. What the fuck...fuckishima, BP spill ad naseum and yet, the parade continues.

There is a line in Platoon..."I got a bad feelin Sarge, I dont think im gonna make it outta here".....

 

Tue, 02/24/2015 - 19:59 | 5824586 Cautiously Pess...
Cautiously Pessimistic's picture

I have put money and time into certain preps myself.  I occasionally even laugh at myself for doing it.  I have been very forthright with my wife on it .... I hope all my efforts to be prepared for whatever it is that I fear may happen, go to waste.  I pray I never use any of it and it rots right where it sits.  That would be a good thing.

Tue, 02/24/2015 - 20:03 | 5824618 davidalan1
davidalan1's picture

Agree, actually my eldest son eased my pain and ego..."Dad, the Pres has secret service all day everyday in the event of, just because you love and want to protect your wife and family is NOT A BAD THING"?

 

God bless him

Tue, 02/24/2015 - 21:22 | 5824902 Son of Loki
Son of Loki's picture

Yeah, my Mother, Mommy Loki, keeps asking me when i'm going to eat those 2 tons of beans and rice i am storing for the collapse.

 

oi vey.....

Tue, 02/24/2015 - 22:46 | 5825220 Yes_Questions
Yes_Questions's picture

 

 

amen

Tue, 02/24/2015 - 20:13 | 5824670 paint it red ca...
paint it red call it hell's picture

I can relate. This slow motion train wreck has been painful and lonely to watch, impossible to time, and thus worrisome to  brace for.

Will it end in a spectacular disaster, how can it not?    It appears preordained if not outright arraigned.

I watch the video out of Ukraine and no longer think it an impossibility to see heavy armed skirmishes here. What has the primary theme of film and tv entertainment been for a decade or two; conflict, survival, destruction and death? Whose to stop it, I see no entity stepping up, just a spiral of outrage leading us down.

Tue, 02/24/2015 - 20:26 | 5824726 Berspankme
Berspankme's picture

No worries, they will save you with a new world currency. that's the goal

Tue, 02/24/2015 - 22:03 | 5825067 gould's fisker
gould&#039;s fisker's picture

I'd bet the trillion dollar coin is ready for a comeback--we're just going to have to mint a shit load of them:

http://krugman.blogs.nytimes.com/2013/01/08/rage-against-the-coin/?_r=0

 

Tue, 02/24/2015 - 22:39 | 5825153 armageddon addahere
armageddon addahere's picture

Hell I've been watching since the early seventies. Does anyone remember Harry Browne? I miss him, I liked to call his followers the Harry Browne people, it made them sound like a bunch of Rastas ha ha ha. Not to mention Robert Ringer How I Found Freedom In An Unfree World.

When some tadpole goes "when is the collapse going to start" I just shake my head, it has been going on all their life and they don't know it.

Tue, 02/24/2015 - 19:41 | 5824513 Hohum
Hohum's picture

And remember that "savings" is income less consumption.  $5000 income and $500 student loan payment?  You have a savings rate of 10%!

Tue, 02/24/2015 - 19:42 | 5824516 trader1
trader1's picture

called it!

knew this was another snyder article: 

http://rationalwiki.org/wiki/Michael_T._Snyder

Do I smell a distant cousin named James Cramer in the family tree?

Tue, 02/24/2015 - 19:42 | 5824520 Umh
Umh's picture

You sound surprised. I'm amazed that 76% of people have any savings at all.

Tue, 02/24/2015 - 19:43 | 5824523 Abitdodgie
Abitdodgie's picture

Who give's a fuk about them if they are that stupid to not see what is happening around them , then maybe that gene pool should come to an end.

Tue, 02/24/2015 - 20:05 | 5824625 RaceToTheBottom
RaceToTheBottom's picture

Who said anything about stopping gene pools?  The babies are still being squirted out at an increasing rate.

 

Tue, 02/24/2015 - 20:20 | 5824697 MsCreant
MsCreant's picture

YOU WILL HAVE TO DEAL WITH IT WHEN THEY ARE NOT READY.

Unless your bunker is deep in the woods, buried, and you are sure they will not fuck with the ventillation system to get you out of there.

Tue, 02/24/2015 - 19:49 | 5824525 wendigo
wendigo's picture

I thought we'd moved past Mr. Snyder and his lists? 

OT: I find mysef increasingly frustrated. I have spent the last five years attempting to determine who 'they' are. I call them the Unnamed. After years of study, I'm really no closer than when I started. Sure, some of the midlevel guys are easy to fugure out, like the Bush family or the Fords. Then you've got your Rockefellers and Rothschilds and the house of Windsor, who I'm sure are not at the top. Then you've got your semisecret societies like the Masons, Skull and Bones, CFR, Bildebergers, etc etc. 

Who the fuck is actually in charge? My research has hit a dead end. Maybe some kind soul can point me in the right direction? 

Tue, 02/24/2015 - 20:20 | 5824699 tired1
tired1's picture

Good question, I dont know the answer. It doesn't have to be one center but rather a group of 'mafia' like families that agree to further personal interests. At the top it seems to be the banking familes, many names that dont make any news - ever.

It's like diagnosing a disease by looking at the symptoms. Russia was a loos to the Rothchilds and others. Ukraine benefits the local oligarcs but also plays against Russia. The Me has Israel all over it but also benefits the US, Saudi's and others.

The main play is for resources (gas for Europe) but that can change if the EU goes comatose - then Asia/China would be the target.

As I type this it just reinforces my beleif that Russia is the focus because it's the spearhead of a multi-polar world. Israel and it's puppet, the US, would lose control on a global scale.

Tue, 02/24/2015 - 21:21 | 5824895 gezley
gezley's picture

The only possible explanation for the sustained attack on humanity over the course of centuries is antichrist. No human being or group of human beings could sustain it that long. Human beings are essentially good, if misguided.

Having said that, there are people who have put themselves at the service of antichrist. Foremost among those people are those we can group under the umbrella term Judaeo-Masonry.

We can all fly into a rage against these people, but ultimately the enemy is a spiritual power of darkness, not a group of human beings. This spiritual power of darkness, this mystery of evil, is able to direct the growth of the antichrist kingdom over millennia. Human beings cannot conspire effectively over periods that long.

This enemy can only be defeated by those weapons we consider beneath us - prayer, fasting, a return to sacred liturgy, a return to Christ. We are too proud to fight with these weapons, but they remain the quickest way to turn the world around. Our anger, our rage, our fury directed at what you call the Unnamed - none of this is effective against the spiritual power of darkness governing these people. These groups are not more clever or powerful than we are; it's just that in their ceremonies they enact the rites and mysteries of antichrist, rites and mysteries which are a kind of counter-sacrament by which they are sustained and strengthened to continue antichrist's fight.

Unless we return to the true sacraments, and to the only sacrifice that has ever defeated them, properly celebrated ad orientem, we stand as much chance of withstanding their attacks as a hair in a furnace.

Tue, 02/24/2015 - 21:23 | 5824905 gezley
gezley's picture

@Wendigo:


"OT: I find mysef increasingly frustrated. I have spent the last five years attempting to determine who 'they' are. I call them the Unnamed. After years of study, I'm really no closer than when I started. Sure, some of the midlevel guys are easy to fugure out, like the Bush family or the Fords. Then you've got your Rockefellers and Rothschilds and the house of Windsor, who I'm sure are not at the top. Then you've got your semisecret societies like the Masons, Skull and Bones, CFR, Bildebergers, etc etc.

Who the fuck is actually in charge? My research has hit a dead end. Maybe some kind soul can point me in the right direction?"

The only possible explanation for the sustained attack on humanity over the course of centuries is antichrist. No human being or group of human beings could sustain it that long. Human beings are essentially good, if misguided.

Having said that, there are people who have put themselves at the service of antichrist. Foremost among those people are those we can group under the umbrella term Judaeo-Masonry.

We can all fly into a rage against these people, but ultimately the enemy is a spiritual power of darkness, not a group of human beings. This spiritual power of darkness, this mystery of evil, is able to direct the growth of the antichrist kingdom over millennia. Human beings cannot conspire effectively over periods that long.

This enemy can only be defeated by those weapons we consider beneath us - prayer, fasting, a return to sacred liturgy, a return to Christ. We are too proud to fight with these weapons, but they remain the quickest way to turn the world around. Our anger, our rage, our fury directed at what you call the Unnamed - none of this is effective against the spiritual power of darkness governing these people. These groups are not more clever or powerful than we are; it's just that in their ceremonies they enact the rites and mysteries of antichrist, rites and mysteries which are a kind of counter-sacrament by which they are sustained and strengthened to continue antichrist's fight.

Unless we return to the true sacraments, and to the only sacrifice that has ever defeated them, properly celebrated ad orientem, we stand as much chance of withstanding their attacks as a hair in a furnace.

Tue, 02/24/2015 - 22:21 | 5825129 delacroix
delacroix's picture

it's nonhuman

Tue, 02/24/2015 - 19:43 | 5824526 HonkyShogun
HonkyShogun's picture

Banker preps: they make yarmulke beanies that look like regular hair now.

Tue, 02/24/2015 - 19:44 | 5824533 drdolittle
drdolittle's picture

when you ain't got nothin' you got nothin' to lose,

you're invisible now you got no secrets (you can) to conceal

how does that shit feel? 

Tue, 02/24/2015 - 19:45 | 5824534 Silverhog
Silverhog's picture

I mentioned to a friend of mine that the Baltic Dry is at a all time low. He said is that a lake in western Mass? 

Tue, 02/24/2015 - 20:08 | 5824640 davidalan1
davidalan1's picture

Ouy....head slap-

Tue, 02/24/2015 - 20:23 | 5824717 Berspankme
Berspankme's picture

ask them about Ukraine or the Nuland tape. Blank stares

Tue, 02/24/2015 - 19:48 | 5824540 mbutler101
mbutler101's picture

The majority of people are going to be financially wiped out within days, not weeks.

Tue, 02/24/2015 - 19:47 | 5824544 Jack Burton
Jack Burton's picture

It amazes me how much credit card debt even so called well off and intelligent people carry. To carry any balance is to submit to financial terrorism. The zero interest rate, even negative interest rate, world we live in has not taken hold in the credit card realm. The interest rates are Loan Shark rates, and the way card companies manage their billings, you are almost assured of being pushed into a pentaly fee by their carefully crafted tactics.

I use the card all month, a beautiful accounting tool, but never carry a balance. Live with what you have money for, if it has to be carried as a balance for even 1 month, then you can't afford it.

As usual, the youth, in the from of college students are the worst. Getting sucked into massive balances by uncareful living. Actually, some borrow heavily usuing student loan debt and spend it on lifestyle, plus run a balance on the CC for more lifestyle choices. In the end, they may not live better than their college year ever again. As they struggle to pay interest,

Tue, 02/24/2015 - 20:06 | 5824633 wendigo
wendigo's picture

I also use my credit card to avoid the inconvenience of carrying large amounts of cash. Had it since 18 and never once carried a balance. I find it mind boggling that so many people think it's ok to do so. 

But then, many people will take out a car loan, which means you're paying interest on a depreciating asset. Nuts. I always paid cash for my cars. 

My aversion to debt has become so strong that I won't even buy a house unless I can pay cash for it. 

The idea of using debt to finance 'lifestyle' is so repellent that I think people who do so should be barred from voting. 

Tue, 02/24/2015 - 21:05 | 5824853 NickVegas
NickVegas's picture

The advantages of cash are bigger than the slaves imagine. Boo hoo, the poor inconvience. You bitch and moan, yet you are using their tools of enslavement.

1. It is untraceable.

2. It will never be turned down by third party control.

3. Cash is worth more as a trade tool, the merchant pays no fees.

4. It can be used immediately, again, there is no third or even fourth party involved.

5. In a cash only world, there are no credit card slaves.

6. Harder to tax by the parasites.

7. Can be buried in a can.

8. Can be used to gift to others immediately providing mutual immediate satisfaction.

9. It gives you an accurate guage visually of how much you are spending, including empty or full pockets.

Tue, 02/24/2015 - 23:37 | 5825349 RiderOnTheStorm
RiderOnTheStorm's picture

Plus, in a real emergency, you can always:

1.  Lick the traces of cocaine off it

2.  Eat it in place of food

3. Suck on it like a chaw

4.  Start a fire with it to heat your home

5.  Wipe your ass with it when the valuable TP runs out

Wed, 02/25/2015 - 07:41 | 5826197 Raging Debate
Raging Debate's picture

Wendigo - Very smart. I feel and act the same way about debt. I shed it all and won't return to it. Working 60 hours a week to give my family everything on a rising cost treadmill took it out of me.

As far as your comment about 'They' above. In the end, your government that is supposed to represent you make the final decisions. 'They' are prone to corruption and sold out to Central Banking which interconnects with all corporations at some level and conquered the globe.

All a citizen can do is raise awareness so less sheep get sheared from wolves in the political class until collapse. Collapse is ongoing now and has been since 2001. It is the job of the military that swore an oath to protect the constitution which is a simple document outlining what we all know is right and wrong anyway. If the military is protecting the political class instead, it means our Republic is dead in America and you are already doing the wisest thing to protect yourself long term.

In general from a birdseye view we are a reactive species. We tend to compete to evolve which then creates pain spurring collaboration after. As a political outsider I have called some of 'Them' and influence thinking.

To give you some hope one was a very powerful person and liked my ideas on a debate platform to reconnect with the people. The Peterson foundation tied into the Rockerfellers killed off the idea. It was Jeb Bush in 2008 that gave me a referral to them.

Tue, 02/24/2015 - 20:23 | 5824712 Falling Down
Falling Down's picture

My dad peddled white goods (appliances) for many years.

Told me back around '02 or so a couple came in to buy a washer and dryer, and they wanted store financing, which this particular independent offered just one week out of the month.

They fill out the credit app, two teachers pulling in over $150K/year salary. Wouldn't you know they were rejected. They were up to their eyeballs in debt, and couldn't get financed for a washer and dryer set.

Just let it implode, Mr. Yellen, just let it implode...

 

Tue, 02/24/2015 - 19:50 | 5824563 disabledvet
disabledvet's picture

The Government will have the problem not the American people.

The American people just need to remain true to their values (do no harm) and they will be fine.

Those trillion dollar pension plans on the other hand...well, that's a lot of bills to pay for folks who can't pay their own.

Tue, 02/24/2015 - 19:52 | 5824569 Thirst Mutilator
Thirst Mutilator's picture

When you ain't got nothin, u've got nothing to lose.

Tue, 02/24/2015 - 20:22 | 5824709 tired1
tired1's picture

Or when you've got nothin to lose - you lose it.

Tue, 02/24/2015 - 21:59 | 5825039 swmnguy
swmnguy's picture

I started out with nothing, and I've still got most of it left.

Tue, 02/24/2015 - 19:52 | 5824572 paint it red ca...
paint it red call it hell's picture

A couple of quotes come to mind;

"Let them eat cake." attributed to Marie Antoinette when told the peasants have no bread.

“History doesn't repeat itself but it often rhymes,” Mark Twain

Tue, 02/24/2015 - 22:42 | 5825205 armageddon addahere
armageddon addahere's picture

History repeats, the first time as tragedy, the second time as farce.

Tue, 02/24/2015 - 19:55 | 5824584 Kaiser Sousa
Kaiser Sousa's picture

Buy Stawks...

they will save u.

CNBS told me so...

Tue, 02/24/2015 - 19:57 | 5824589 Chuck Knoblauch
Chuck Knoblauch's picture

How many of them are flat broke and armed?

Tue, 02/24/2015 - 20:05 | 5824628 freakscene
freakscene's picture

dozens of millions?

Tue, 02/24/2015 - 19:57 | 5824591 freakscene
freakscene's picture

I'm staggered by the last 2 numbers, but then again i'm someone who is sitting on a year supply of tp

You've gots ta have your priorities ! :)

 

 

Wed, 02/25/2015 - 14:46 | 5827944 Skiprrrdog
Skiprrrdog's picture

I am going to use a banker or some wall street jackal to wipe my ass with...

Tue, 02/24/2015 - 19:59 | 5824600 kchrisc
kchrisc's picture

The American people's first weapon against the criminals of the DC US, and their bankster masters:

The most powerful weapon the American people have is Rejection.

The system of fraud and theft that has been built up upon the backs of the American people is dependent upon our backs. Withdraw our backs, and the whole scheme collapses. This is our greatest weapon.

Stop Paying--Put it into food, and precious metals, etc. They stole whatever "debt money" they loaned you in the first place (fractional reserve banking) and soon you won't be able to pay them anyways, so Stop Paying.

Stop Playing--Stop being a tool for them to use, mock, and call "stupid." Stop Playing.

Stop Obeying--If they are in violation of the Constitution then they are not legitimate anyways, so Stop Obeying their unlawful dictates.

The Four Rs
Rejection: Stop Paying. Stop Playing. Stop Obeying.
Revolution: It is inevitable, so prepare, as they are.
Retribution: The guilty must answer for their crimes against the American people and the Constitution. No “truth and reconciliation,” but “trial and Retribution.”
Restoration: Restore the American people, country and Constitutional republic.

The banksters need to repay us.

Tue, 02/24/2015 - 21:41 | 5824938 HardAssets
HardAssets's picture

What most people can't wrap their brain washed minds around, is that the banksters stole 98% of the value of the dollar over the last 100 years. They stole that from your great grandparents, grandparents, parents, you, and your children and grandchildren. They set up an un-Constitutional tax system to make you the human collateral backing their debt based fiat funny money supported by interest guaranteed by "full faith and credit of the corporation UNITED STATES".
Just think how much you and your family would have for your own health care, education, retirement, etc if that wealth hadn't been stolen. The puppet masters are very crafty and hire very knowledgeable psychologists, however. They know most of the sheeple go into a state of self imposed stupidity, even when given the facts. They are so thoroughly brain washed that they go into denial when presented with this reality. The puppet masters themselves could tell the sheeple all this, and they still wouldn't believe it. They will pay their 'debts' (made up out of thin air & backed by Nothing) just like good little boys and girls. Mommy & Daddy would disapprove otherwise.

To all you self satisfied types out there who think themselves 'debt free' - how much of the 'national debt' is your share ? Ever hear of bank bail-ins ? Ever hear of nationalization of retirement accounts? Ever wonder how the Chinese and other creditors might collect?

Tue, 02/24/2015 - 22:22 | 5825136 kchrisc
kchrisc's picture

So correct, but I must add:

Because they "done it" does not mean you have to acquiesce to it.

The banksters need to repay us.

Wed, 02/25/2015 - 03:39 | 5825999 usednabused
usednabused's picture

Exactly, HardAssetts. Most of those who think they will have something when the shit hits the fan for real will find otherwise. The real value will be muscle and group strength. Those standing alone, no matter how much fiat they have piled up, or cars in the garage or chickens in the pot will soon have it taken away from them. Beware of those with uniforms that will knock on your doors. They won't be there too protect you.

Wed, 02/25/2015 - 08:31 | 5826277 Raging Debate
Raging Debate's picture

UsedandAbused and Hard Assets - No doubt one should get to know the neighbors and hedge with the 3 B's (bullion, bullets, beans) for worst case scenerios but being in debt makes it a lot harder to have such hedges in the first place. I like RE for rental income and tax sheltering and that local government wants that tax revenue more than that middle/lower end home.
If you feel this bad cycle will end, then you should save in hard assets to invest in the next cycle afterward.

External debt can be managed and paid. Our main issue stemmed from trade imbalance (speaking of China) and to mask the hollowing out of America, massive debt issued. It allowed can-kicking for several more years before correction.

Our way of life for the majority has already collapsed. The internal debt will be restructured. Bondholders and pensioneers will be taking a haircut.

People do have there limits in bowing to the Chinese through American politicians, consider Bundy Ranch.

There are some bright people here but some feel so condemned I wonder why you bother waking up in the morning. Having guns and chickens is only one part of a strategy of independence and hedging.

Tue, 02/24/2015 - 20:00 | 5824604 skilaki69
skilaki69's picture

Blah...blah...blah...blah...more "imminent" collapse stuff. Where is that dollar, petrodollar, economic, and God knows what else that is supposed to have collapsed back in 2010....2011...2012...2013...2014...and now 2015 that so many here have said over and over and over?

Tue, 02/24/2015 - 20:05 | 5824629 HonkyShogun
HonkyShogun's picture

It looks like you mistyped Bloomberg.com in your browser.

Wed, 02/25/2015 - 10:05 | 5826589 Farmer Joe in B...
Farmer Joe in Brooklyn's picture

You'll be giving blowjobs for food in 5 years... enjoy!

Wed, 02/25/2015 - 14:41 | 5827918 Skiprrrdog
Skiprrrdog's picture

I hear that jizzz has lots of protein...

Tue, 02/24/2015 - 20:08 | 5824639 RaceToTheBottom
RaceToTheBottom's picture

According to Ol Yellen, they should have bought stawks; equities, that is the ticket!

Tue, 02/24/2015 - 20:17 | 5824687 Atomizer
Atomizer's picture

Lessons learnt in life. Each mistake in life makes you smarter. When the FCC unrolls new regulations. We go underground, as said a month ago. Watch facebook and Google collaspe. Certainly, others will be marginalized as well. Good luck FCC, the other side of the fence will beg for you return status que. By then, we will disappear, so does their advertisement forecast. Will Wall Street/Janet Yellen start buying adSence to keep S&P afloat? Doesn't matter, we will be watching from underground in private subset internet communities.

You lose, we gain. This adminisration cannot even create a web page.

Tue, 02/24/2015 - 20:41 | 5824779 directaction
directaction's picture

This is what starts revolutions.

Tue, 02/24/2015 - 22:05 | 5825075 rsnoble
rsnoble's picture

Save the children! We need the guns!

Tue, 02/24/2015 - 20:44 | 5824789 QQQBall
QQQBall's picture

This administration cannot create a webpage for $10 billion. Fixed it.

 

As to Rejection: Once you are debt free and have some investments, you really do not need much more. Your rant is more radical... Work hard, save, invest and live below your means.

Tue, 02/24/2015 - 21:56 | 5824985 Atomizer
Atomizer's picture

My rant is isn't radical. I haven't had to leave my house in four days. I don't partake in spending my money for a wealth redistrubtion asswipe to spend money to feed the poor. The less I spend, the closer the ponzi scam collapes. it's global, not individual. The older you get, the least you need. Well the only one thing left on the bucket list. Mrs. Atomizer crashed my 750iL V12, want my BMW M5 unchained. Not in any hurry. I can only imagine myself getting pullled over on N. Collier Blvd Marco Island, Fl. for lighting up my tires while the the dead uses walkers to migrate to the other side of street. Yes, it's 25/30 MPH throughout Island. I just rebelled by parking the Lincoln Navigator in a compact car parking space. Yes, I've done it mutiple times, fuck the clown car parking rules.

/LOL

Tue, 02/24/2015 - 23:59 | 5825473 the edge of chaos
the edge of chaos's picture

YOU, my friend, will most certainly burn in hell!! ;)

Wed, 02/25/2015 - 14:39 | 5827909 Skiprrrdog
Skiprrrdog's picture

Not radical, just unintelligible....yikes...

Tue, 02/24/2015 - 20:57 | 5824839 SilverFish
SilverFish's picture

Getting your hands on as many credit cards as you can and maxing them out on silver/gold bullion purchases with the intention of never paying a single payment,  is probalby the best thing you can do. You simultaneously f--k the banks and create a SHTF insurance policy for yourself at the same time. The problem is............ timing.

Wed, 02/25/2015 - 08:38 | 5826301 Raging Debate
Raging Debate's picture

Silverfish - So your solution to politicians committing theft is to steal it back? That kind of thinking is what got our country to where it is at in the first place.

Tue, 02/24/2015 - 21:43 | 5824987 The Shape
The Shape's picture

They were flat broke and unprepared for the last economic crisis.

Tue, 02/24/2015 - 22:03 | 5825068 rsnoble
rsnoble's picture

I hate to tell you all this...........but with 70% or whatever number of the US population getting fucked in this scenario...............don't even bother prepping.  Prayers and LUCK will be your only chance out.  And I don't really believe in the prayer thing but it's a last resort type thing.

Tue, 02/24/2015 - 22:34 | 5825171 Downtoolong
Downtoolong's picture

But, 99% of all Americans own a SmartPhone. Which brings to mind the results of a survey I conducted over the last three months.

1- Twelve out of fourteen of my relatives and friends who own an iPhone 5s or higher were amazed when I introduced them to the operating system’s voice recognition feature for emails and messages.

2- All fourteen were in denial when I told them the same voice recognition feature was also on their old iPhone 4s when they gave it up for the latest model.

Tue, 02/24/2015 - 23:30 | 5825367 Atomizer
Atomizer's picture

Have them watch Citizenfour on HBOe.  For me, it was boring.  I walked away about 5 times to do something constructive. I give the producers a 10/10. They ran the movie as a CNN or MSNBC news ticker. Very slowly. Fast news cannot be comprehended in 3 ms for some. Good educational tool for various.

Tue, 02/24/2015 - 23:22 | 5825311 yogibear
yogibear's picture

The sheeple keep listening to Hollywood, paying top dollar for iPhones and eat at chains like Chipolte,etc. Warren Buffet's companies.

Have little sympathy for them. 

There was a time when people boycotted these businesses and shut them down.

Wed, 02/25/2015 - 00:01 | 5825465 the edge of chaos
the edge of chaos's picture

ther WONT BE A CRISIS......the entire finacial marketplace is govt controlled...they will just control the numbers for everything like they already do...

Wed, 02/25/2015 - 00:51 | 5825614 asophocles
asophocles's picture

"#12 It is estimated that less than 10 percent of the entire U.S. population owns any gold or silver for investment purposes."

Less than 10%?  How about less than 2%.

Wed, 02/25/2015 - 01:51 | 5825828 WTFMOFO
WTFMOFO's picture

Still a lot of old timers with gold teeth  and don't forget about the African-Americans and their gold (fake?) teeth and Mr T starter kits.

 

I'd say "bullion" is 2% and the other 8% owns it in trinket form.

 

Next time I go to the dentist I am gonna tellum' I want a gold filling for my tooth, let insurance pay for adding to my stack. 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wed, 02/25/2015 - 13:32 | 5827565 EBT excepted
EBT excepted's picture

dat ok if'n d'conomic slow way down, den d'gubmint printahs go mobile...den cruise da streets givin' out d'feral resoive note to d'po' peepses...den dey ca' buy up all d'toilet papah, and da food stuffs...

Wed, 02/25/2015 - 15:45 | 5828188 The Carbonator
The Carbonator's picture

Just got an automated email from Midway. .22LR was in stock.

 

By the time I found my password and logged in, they were all gone.

 

I think we are beyond stocking up on Gold & Silver at this point.

Do NOT follow this link or you will be banned from the site!