Impending Financial Chaos: How do we prepare?

Get right spiritually and accept Jesus' free gift of salvation, which he paid for on the cross. That's really the best advice I have in this terrible, terrible situation.

If you are not prepared you are to late.....there is no excuse, the writing has been on the wall since 08. Good luck all!

Yep. Thread: Spiritual "Prepper" Instructions

But we must also keep doing what we can in the meantime to attend to physical needs. Very difficult situation right now.

I wouldn't max out your credit cards. That could bite you in the ass. I'd pay them off.

Agree; as I said, surely the credit card companies are anticipating this and will not be left holding millions in debt.

I've taken the opposite tactic.
max 'em out and don't pay 'em. You go down, you go down BIG.
The banks have done it why not you? Take all your cash and get into barterable commodities. Why pay the mortgage if the economic system is going down? Cash is King. Start with the basics shelter, security, water, food, etc. Good community.

Sometimes God's will is backwards.

Yo! git youself a buncha EBT cards and go to walmartz yo!

And what the f*ck is wrong with the local credit union? Yeah JP Morgan can do better things with your money than give it back. And if you think you are going to retire on your IRA HELLO? it is going down in a big way.

Did someone say there was something wrong with credit unions?

I'm asking for pros and cons. And I think we all know there will be no such thing as retirement. The questions I'm asking are about how best to avoid being robbed.

It is to late to take a poll or engage in a stimulating debate. You have answered your own questions. But can you act on the answers?

If it's too late, then maybe you should tell GLP to shut down, eh?

There are a LOT of unknowns right now. We've been to the brink many times; look at all the failed prediction threads, many of which are about dire financial doom. Who can say how fast or what stages will take place and when? If the next item on the menu is bank bail-ins, then the first priority financially is to get out of the banks. Yet people need to still pay bills, and who knows whether credit unions are immune from haircuts? I'd rather see practical, knowledgeable statements and/or links to articles than blanket dismissals.

Prepare now? Too late. You should have started preparing 5 years ago.

Too late to w/d cash from banks? Too late to join a credit union? Too late to be at GLP and tell people it's too late? Are you actually saying that people should just let the gov't and banks take their money if they're just now finding out about all this?

This thread isn't all about me, it's about everybody, and not everybody wakes up at the same time.

fried woodlice are supposed to be delicioso

I've got big bag of rice and 50 cans of Beefaroni.

When that's gone, so am I.

Correct. But maybe, just maybe you have woken up and need a good push to save your sorry ass.

come to think about it, maybe you're right. I mean if shit hits the big fan it will be every man for himself. without a functioning system how on earth am I suppose to write a check, put it in the mail, and expect the credit card company to receive it on time and be happy?

Amen!!

What are you talking about? Don't be a jerk, just try to help people.

If the Petro dollar loses its reserve status, then it will have no value. This answers your questions rather quickly.

Yes. But the issue I'm raising is the in-between situation, the transition.

I think in the long term everyone agrees that people should stock up on supplies and possibly PMs for exchange. But until the actual crash we still have to function in the world of the petrodollar, and it's not always clear which strategy is the best in that situation.

Suit yourself. You might just get away with it, and there might be no consequence.

But there might be...

Did anyone consider paying their basic bills forward?
I don't know how this would pan out though if say you paid your gas/electric bill forward a year when the cash was still good, and then came the crash...would utility companies (which I doubt the major ones will collapse, they can't) still honor your digits?

If so, and I don't know, have been pondering it, it would be like money in the bank...only prepaying your basic living bills, and then if nothing happens, well, you have more on your paycheck monthly, and then just cash it going forward and leave a little in bank, and use rest for gas/extra food, whatever.

So, you have a chunk of change in bank, would it be foolish (well you won't be able to make any money on it, like you are now, not) to prepay utilities? Phone, Internet, any insurances you can, stockpile food you'll eat over the next year...that kinda thing.

Anyone have any ideas/guesses what would happen if people did prepay their utilities just to get some cash out of bank?
Maybe, it would be SAFER with the utility companies yeah know?

Or, would they come back and say, well, yeah you prepaid, but the dollar has been devalued 50% so you owe us another 50% for the year, or now you're only paid up for 6 months instead of a year...don't know.

Everyone would be readjusting their prices, or there would be price controls put in place...umm.

I've been pondering doing exactly this...so if worse comes to worse, well at least the utilities (hopefully) stay on (barring no outages). Then we only have to worry about minor stuff...utilities paid...groceries stocked...little cash on hand for gas/misc.

Last Edited by InTheGLPHood on 10/14/2013 04:11 PM

Are you fo real?



What will we use?




The Mexican Peso? What, what what?

Fucking idiots.

It's US Dollar... The only choice!

Oh wait... Maybe it's Yen. yes Yen!

No Peso. Peso WTF!

It USD and if you ain't got it yur fucked...

since 01 you mean
they just hid it better back then

i'm sure there will be consequences, if not in this life then in next. but if the system is down even if I only owe $50 I still can't make payment on time to keep my credit score immaculate

Good advice!

There are some practical, step by step ideas available to help you prepare at this site link:

Prepare NOW
[link to www.kingmannafta.com]
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