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Prepare for a credit freeze. Have some cash on hand

 
Anonymous Coward
User ID: 77296668
United States
03/09/2020 05:40 PM
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Re: Prepare for a credit freeze. Have some cash on hand
Almost time for a national crypto currency and BTC to 100k. Watch how quick it happens. Already doing it in Singapore.
Vision Thing
TREMENDOUS CASH FLOW PICTURE

User ID: 77324066
France
03/09/2020 05:50 PM

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Re: Prepare for a credit freeze. Have some cash on hand
A credit freeze where no one's cards would work is my personal worst-case scenario.

People would flip their lids, and all trucking would stop.

Stores would have to close because of the chaos and not being able to process transactions. Or if they didn't close, they would be empty in 3-2-1.

Hardly anyone uses cash or has any. Hardly anyone has any food in the house or a full tank of gas.

A lot of people have lived their life with zero bumps in the road, zero interruptions, zero necessity to think or plan, zero deprivation.

They are mentally and emotionally unprepared for anyone to say "no" to them about anything.
Anonymous Coward
User ID: 78586402
Norway
03/09/2020 05:52 PM
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Re: Prepare for a credit freeze. Have some cash on hand
Even better: Have physical goods that you would have spent those money on, like durable food products, alcohol, batteries, flashlights, knives, axe, fishing equipment, camp kitchen (ethanol), etc.
Crabapple  (OP)

User ID: 78163336
United States
03/09/2020 06:03 PM

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Re: Prepare for a credit freeze. Have some cash on hand
Canada here. Not able to use Mastercard for 2 days now. Account is at zero balance.
 Quoting: Edmontonian


Interesting
Crabapple  (OP)

User ID: 78163336
United States
03/09/2020 06:05 PM

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Re: Prepare for a credit freeze. Have some cash on hand
Kind of like I warned was going to happen 10 days ago?

Thread: Get your money out of the bank...today. Now.

But yes if you did not listen you had better this time.You do not have long left to get this done.
 Quoting: Otherguy2020


Excellent thread
Anonymous Coward
User ID: 77148692
United States
03/09/2020 06:07 PM
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Re: Prepare for a credit freeze. Have some cash on hand
Good. Idiots that live on credit deserve it.

It doesn’t take a genius to live within your means, but too many people want to show off to other people who really don’t give 2 fucks.
Anonymous Coward
User ID: 78017944
United States
03/09/2020 06:10 PM
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Re: Prepare for a credit freeze. Have some cash on hand
I have 230k in a savings account, 7340k cash on me. My credit score of 875 is meaningless if they freeze. Might take out enough to make it 10k but what if they ban cash due to being a virus transmission risk?
 Quoting: Anonymous Coward 78017944


7340k cash huh? pigchef
 Quoting: T-Man


It's in my shorts, left cargo pocket. I carry a ruger lcp in the right front pocket many mags in the left, a glock 26 in a fanny pack with 2 mags in the front pouch and several 33 round mags in the center console, and a carbine in the trunk.
 Quoting: Anonymous Coward 78017944


You just made yourself an even bigger target.
 Quoting: Anonymous Coward 77933593


would you believe $73.40 cents : )
Anonymous Coward
User ID: 72496125
United States
03/09/2020 06:12 PM
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Re: Prepare for a credit freeze. Have some cash on hand
I have 230k in a savings account, 7340k cash on me. My credit score of 875 is meaningless if they freeze. Might take out enough to make it 10k but what if they ban cash due to being a virus transmission risk?
 Quoting: Anonymous Coward 78017944


7340k cash huh? pigchef
 Quoting: T-Man


It's in my shorts, left cargo pocket. I carry a ruger lcp in the right front pocket many mags in the left, a glock 26 in a fanny pack with 2 mags in the front pouch and several 33 round mags in the center console, and a carbine in the trunk.
 Quoting: Anonymous Coward 78017944
Your full of shitttttt
Crabapple  (OP)

User ID: 78163336
United States
03/09/2020 06:18 PM

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Re: Prepare for a credit freeze. Have some cash on hand
A credit freeze where no one's cards would work is my personal worst-case scenario.

People would flip their lids, and all trucking would stop.

Stores would have to close because of the chaos and not being able to process transactions. Or if they didn't close, they would be empty in 3-2-1.

Hardly anyone uses cash or has any. Hardly anyone has any food in the house or a full tank of gas.

A lot of people have lived their life with zero bumps in the road, zero interruptions, zero necessity to think or plan, zero deprivation.

They are mentally and emotionally unprepared for anyone to say "no" to them about anything.
 Quoting: Vision Thing


Well said
Anonymous Coward
User ID: 78040912
United States
03/09/2020 06:45 PM
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Re: Prepare for a credit freeze. Have some cash on hand
And then they tank the currency and turn your cash into toilet paper.
 Quoting: TlvmmCpoft



well,

that is when precious metal tards will REALLY RIDE
Anonymous Coward
User ID: 78040912
United States
03/09/2020 06:51 PM
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Re: Prepare for a credit freeze. Have some cash on hand
A credit freeze where no one's cards would work is my personal worst-case scenario.

People would flip their lids, and all trucking would stop.

Stores would have to close because of the chaos and not being able to process transactions. Or if they didn't close, they would be empty in 3-2-1.

Hardly anyone uses cash or has any. Hardly anyone has any food in the house or a full tank of gas.

A lot of people have lived their life with zero bumps in the road, zero interruptions, zero necessity to think or plan, zero deprivation.

They are mentally and emotionally unprepared for anyone to say "no" to them about anything.
 Quoting: Vision Thing


Well said
 Quoting: Crabapple



Yep. And preppers finally get to call the shills dumb fucks for not understanding what they have done, on purpose, to the financial system as Mannario and many others have said.

Anddddd............


NOW we will also see if Holter and Sinclar have been correct.......... just wrong in the timing because very few who grew up in the REAL WORLD of credit before it went crazy (starting under Klintoon, credit cards for your Pets anyone?).

Basically, WE were taught about value investing, and it got harder and harder to believe that they would so debase the entire world credit and "money" as it is now.........

and we just thought it would have collapsed a long long time ago.
Anonymous Coward
User ID: 77699866
United States
03/09/2020 06:51 PM
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Re: Prepare for a credit freeze. Have some cash on hand
I'm good....3K is my daily walking around money.....
Mental Case

User ID: 78539954
United States
03/09/2020 06:56 PM
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Re: Prepare for a credit freeze. Have some cash on hand
What if somebody working in the charmin factory has the corona virus and all the TP is infected? hiding
If I am going to be damned...I am going to be damned for who I really am!
Anonymous Coward
User ID: 78443415
03/09/2020 06:57 PM
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Re: Prepare for a credit freeze. Have some cash on hand
I have 230k in a savings account, 7340k cash on me. My credit score of 875 is meaningless if they freeze. Might take out enough to make it 10k but what if they ban cash due to being a virus transmission risk?
 Quoting: Anonymous Coward 78017944


7340k cash huh? pigchef
 Quoting: T-Man


It's in my shorts, left cargo pocket. I carry a ruger lcp in the right front pocket many mags in the left, a glock 26 in a fanny pack with 2 mags in the front pouch and several 33 round mags in the center console, and a carbine in the trunk.
 Quoting: Anonymous Coward 78017944


is your name gus?
Anonymous Coward
User ID: 56736911
Ireland
03/09/2020 07:02 PM
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Re: Prepare for a credit freeze. Have some cash on hand
what if they ban cash due to being a virus transmission risk?
 Quoting: Anonymous Coward 78017944


jhello?
Anonymous Coward
User ID: 66721050
United States
03/09/2020 10:34 PM
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Re: Prepare for a credit freeze. Have some cash on hand
What if somebody working in the charmin factory has the corona virus and all the TP is infected? hiding
 Quoting: Mental Case


You'd be shit out of luck.
Sodbuster

User ID: 68702751
United States
03/09/2020 10:58 PM

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Re: Prepare for a credit freeze. Have some cash on hand
Ever hear of a check?
Coal burning stove no natural gas, if that ain't country, I'll kiss your ass
- David Allan Coe





GLP