Can you say Socialism. Grrrrrr.
Can you say Socialism. Grrrrrr.
They can take my mortgage out of my cold dead hands.....lol--j/k. My concern isn't all the banks closing across the board, its my finance department since my paycheck is direct deposited and if something (my bank) bellied up quickly it could cause major issues because I'm sure they don't have a plan in place.
Be ready now, you won't have that chance later.
^
That's an interesting point. Never mind the mortgage, your savings and investments... what about your last cheque???
How many people live, or almost live, paycheque to paycheque? If SHTF 12 days into your pay cycle, you're sitting around almost broke, waiting for that next cheque.... and then your bank goes belly up. I know the company I work for uses a payroll service, and the slightest glitch can cause 1 or 2 days delay in getting our money... a major crunch like that could mean NO money coming in for a while...
I guess that's why it is good to have money at home instead of earning that fraction of a cent in a savings account!
No apocalyptic wishful thinking here, just reality. I don't think many of us still truly understand the enormous depth, nadir if you will, of what a global banking collapse will mean for us. It will also mean the end of the power grid and everything we've become dependent on - especially all of our electronic goodies: cell phones, smartphones, computers, t.v.'s, just about everything you can think of. This will NOT be fun, and it's nothing to look forward too. But I am a prepper who wants to envision the worst possible case scenario and try to get ready for it as best I can. I believe there will be a global banking disaster, it's so in the making already and it's only a matter of time....days or weeks until it reaches our shores and our banks collapse most likely in a very breathtakingly short amount of time. I suggest making sure you have several hundred, if not thousands of dollars safely tucked away somewhere that you can access even without the use of a car. And please take all precious metals and documents out of your bank's safe deposit boxes. If the banks close, and they will, you will NOT ever be able to access your safe deposit box. They will keep it.
I've been doing a LOT of reading from MANY different news sources, mainly foreign since MSM will not touch such subjects, and I hear the countdown loud and clear.
Originally Posted by Sniper-T
That is the point to take from this type of thread/post. I posted in a previous thread that I (as well as others) keep cash on hand for just this type of incident. Of course once this type of situation arises that cash won't last long.
Be ready now, you won't have that chance later.
First of all you will still owe the money to someone. A bigger bank or the Fannie or the feds...
Your biggest worry won't be who to pay...it will be how to pay if nobody has a job.
Depending on how much you owe...plan on losing your house to foreclosure...sooner or later someone will be along to retake it.
Even if you own your home it's not a guarantee of keeping it. Taxes will still be owed because everyone wants their money.
Foreclosures happened in the Great Deprssion...they will happen in the Greatest Depression..
^
now that is depressing!
Sad but true!
On a lighter note if it gets to this point there isn't enough LEO's or jail cell's to enforce the eviction papers.Hey my glass is still half full
So if this type of collapse does happen (hypothetically speaking), will it affect people that are paid by the federal gov't (military, congress, veterans admin, veteran disability, social security ect..)? What about people who bank with small local banks and not those large banks? If the big banks go under is that going to affect our community banks and credit unions?
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