Find yourself looking down the TP isle needing a wipe? Don't find yourself standing outside your locked bank during business hours. Y'all know what to do.
Bank Runs are next.... get ahead of the panic
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Ya, keep that stop at the 2018 low. They are attempting to save the credit system but I don't know if it will be enough. There will be a ton of small, medium, and large businesses that go bankrupt in the next month. Don't get caught in a month long bank holiday. This has been common all over the world. Don't think it won't happen here. No one would have thought that people would be hoarding TP a week ago. I figure we are days from a bank run. They are already storming the banks in the NY and the Hamptons. The wealthy are the ones with bank connections and are the first tipped off to pending news. Be prepared.
Even if one does not materialize, it won't hurt to have some cash set aside.
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What are they doing up there, liquidating their bank accounts and keeping cash on-hand?
https://www.dailymail.co.uk/news/ar...ers-withdraw-cash-amid-Wall-Street-crash.html
https://www.zerohedge.com/markets/its-frenzy-rich-are-making-run-banks-hamptons
Sorry for the daily mail link. The spam is atrocious.
The same people hoarding toilet paper are the same people that criticize folks like me who buy bullets in bulk. If there's a run on the banks, I'll simply shoot your ass and take your toilet paper.
Bullets > toilet paper
In a deflationary crash, dollars (paper fiat variety) are king. The more the better. Banks will limit what you can withdraw and spend. Well, they already do but it would be worse. Don't panic, have a plan, be diversified. As Clob said, some self defense options are part of the plan. I own small businesses and have not had any business in 10 days... I am prepared but it truly sucks. I have been warning my contractors to be prepared for a very bumpy ride.
Wasn't it just Friday that you were telling everyone to buy, buy, buy?
Now you're telling everyone to make a run on the bank?
Seventy five percent of businesses weren't being forced to be closed on Friday. I had no idea they were going to go full retard. They did drop rates to zero and are starting QE5 but closing so many businesses is going to cause massive defaults. Common sense be damned. It will all come down to how much the central banks are willing to buy. That's why I said the 2018 low is the battle line. Close below it, and it's sayonara.
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You have to put things in context. New revelations are coming out daily and covid is just one thing that simply exposed world debt and bank problems. The huge rate cut along with QE and other things are desperate attempts to keep things going and it happened on a Sunday out of the blue. So, yes, circumstances change and strategies change, unless it is people like you with 20/20 rear view vision. Why don’t you take a stand on what you would do so we can evaluate you and critique you with rear view advantage
I don't think anyone paying attention to the worldwide events would think that the US was not going to have to take drastic action. Some people want to push the idea that covid19 is a hoax or overblown, but it would be naive to think we weren't on this path. Perhaps it would have been more limited if we had access to testing, but here we are.
I have my own idea on what I did/will do with my money. I won't share it with others because I don't want to take the responsibility should it not pan out well.
Well, we have differences and I don't want to bust your balls anymore. I just hope you or me or anybody doesn't act like they are perfect when it is their side, but if one mistake happens on the other side, then it is all out hell and the worst thing in the world. I honestly have genuine respect for different ways of doing things, but I feel every late night show and news station isn't representative of most of America which I believe to be conservative. Regardless, I hope we can revisit this post in the summer to see (in a friendly way) if we did well or we screwed up. This pandemic will require a retrospective review.
All them fools!, Max them CC's out, run the shit outa them Overdrafts, get a Bank Loan that ya don't need, write them Hot Chks, If I was working 16 hrs a day making a living for my Family and I came home and found out my wife had spent 500 on Food, I would whip her ass!
Can't go to Titty bars as the wife spent all the money on TP!...Make it rain with Food Stamps...LOL, even the Whore Houses in Nevada are feelin the crunch. New Rates are 100 a minute what newspaper said, we be going to ThunderDome type stuff, where the next piece you get from a girl with Reactor Burns opens them for ya, every city will have a New Sport called NCAA ThunderDome where ya fight to the death for the trophy, 2 Men in , 1 man out type stuff,,, the world is changing fast
Your money? You mean your wife’s money. You already couldn’t stay working when oil was $50, I know for an absolute fact you’re not working at $28/barrel. In your free time you’re running down the fossil fuel industry and promoting the global warming hoax, talk about hypocrisy
I think this threads gonna get stopped if ya'll start that shit up again Bell! MM done said no more! Have fun without the World Market and other Political platforms, drink a Shiner and breathe thru ya eyelids! You and the Cap gonna feel the wrath I think if ya'll keep baitin each other...
Heard it in the grapevine!
Heard it in the grapevine!
Austrians are jogging to the bank.... The shelves emptied in Europe first. I looked like Santa Claus with my sack at the bank this morning, lol. I didn't take any c notes. Many places do not like to break em. The older men were there bright and early. The tellers looked nervous. Oh well. I'm good for years now. After what I have witnessed recently, I'm never going to allow my labor to be stolen by the public. I will only be bouncing digits off my bank account to pay bills while keeping an extremely low balance.
https://www.zerohedge.com/markets/austrian-bank-job-begins-atm-usage-double-triple
https://www.zerohedge.com/markets/austrian-bank-job-begins-atm-usage-double-triple
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Jeff Tiedrich on Twitter will hook ya up with an Elon Musk crypto giveaway. No foolin!
Lol he's been on ignore for awhile. Not worth my time.
I've said it before, if you did everything right in fighting a pandemic, people will question why anything was even done.
NY governor has stated they were unable to control. Expects hospitals to be overwhelmed.
For all you old timers, stay away from us young whippersnappers. And for you millennials, stay the fk home. We only get one shot at holding this back.
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