Before the last election, I walked to hundreds of houses and called hundreds of phone numbers in several communities. I know others here did the same or better. Somehow, our folks mostly did not come out.

I don't know what the answer is.

Brace yourselves. I have seen this before. We are in for a turbulent stretch ahead.

I'm quite tempted to squander my savings on buying a better house and then renovating the one I'm in, which needs electrical work and probably a new sewer line, at the very least, plus a new bath, flooring in kitchen and bath, and new kitchen counters.

The banks know full damned well how close the derivatives casino is to collapse. When they start looking at grabbing small deposits, you know it's getting a lot closer.

When it goes, even savings won't protect us, it will take everything with it. Like 1929, people will say money disappeared overnight.

There is no way to predict how to survive a total collapse. Nobody knows the right thing to do until the dust clears and the survivors add up what they have left.

When they know you can get bailed out for your risky endeavors, they have no incentive to reduce their risk appetite.

It is not a pretty scene

but Citi and B of A have taken that to ridiculous levels. They know when the balloon pops. they will not have enough real assets to stay in business, so they want to steal from us and count our money as their assets.

The problem is that it will take a very long time when it goes bust to see who has money where and who owes what to whom. Records keeping has been about at the level of the law in the old wild west.

Outfits like AIG will evaporate overnight, along with all their jobs. FDIC will throw their hands up and say, "when we get to it" and that could be as long as 30 years. We'll be in the wonderful position of having to take out loans with our frozen assets as collateral just to keep living.

Billionaires don't think they'll be affected. They will, just like everybody else, but they'll have more to sell off so they can eat.

It's the kind of disaster that will likely get new regulations on banks and corporations written as constitutional amendments.

After I put a few thou in a secret piggy bank for emergencies.

It isn't just the savers who will get screwed when the bail ins start, it is the small business owners who will not be able to pay wages or buy stuff to stock and sell.
EXACTLY what collapsed so much of Greece's economy after their forced bail in.

I bought a small beef this summer, and paid the beef man in cash.
He said to me that almost everyone he knows uses cash now, they do not trust the banks since the 08 collapse and giveaway.
He is a staunch Republican and dedicated Fox news watcher and mad as hell at this state's Congress people, Republicans all.

One of the people who survived Argentina's collapse said what he would do differently is stock up on writing paper, on books, on batteries for headlamps and other battery powered necessary things.
He said that paper became scarce, and since a lot of people had to stay home, esp. at night, reading was an important activity. But books were hard to find.
Weird, but plausible.

and 4 headlamps, which I can find 3 of at any given time. Headlamps are an essential, IMO, cheap to run, put the light where you need it. I have books that could bear rereading. I also have 2 floor looms and 2 spinning wheels, so I will stay busy. I also have a SW radio in case I get desperate for non corporate news. I know, good luck to me.

I don't have gunz because having gunz is a good way for an old lady to get shot.

I know they will go after taxing Credit Unions at some point again, and considering the unbalance of power in the 2015 year, along with the now endless flow of political campaign money available, what are the odds of the Credit Unions surviving.
Is our money any safer in a Credit Union since this Dodd-Frank dismemberment?

If you want to stash money at home, either bury it or put it in a place that requires a step ladder and flashlight. Thieves don't want to stay and search carefully, they're mostly smash and grab before the cops show up.

Though I also started a "mattress account" this year, just in case. I figure if there's an earthquake and we lose power for a week, all the plastic cards in the world won't buy me anything

A friend employed at a bank said money in the box is tied to accts.; a real estate assoc. said a box is ok temporarily. I wasn't the one asking and was unaware of this but it makes sense.

No big deal at all. They are easy to find. Look for any thread about Liz or Bernie.

Buckle up, the rides gonna be rough because the President, Congress and the Senate made sure that they can use our bank accounts as a human shield to protect their dangerous gambling activities

bi-partisan poison pill in the budget. Why should we vote at all anymore?

And don't forget it, prole!


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