The upcoming week could possibly be the most traumatic of our lives
If credit freezes solid, all credit lines, bank or no bank, will be going C.O.D.. We're starting to see this in business to business transactions, shipping, etc...
A couple of cases in point:
1. My uncle owns a wood trim supply shop. He sells to wood trim installers. These installers have lines of credit with him. Last week, 3 installers went out of business and won't be paying my uncle back for debts against their credit line. My uncle now has to assume an incredible amount of risk with his other vendors. He himself will lose everything if he keeps getting stuck with the tab. He needs more assurance of payment, or he can not ship the materials.
2. My sister-in-law is the head chef at a successful restaurant. Her beverage vendor has shut off supplies to the restaurant until they receive check in hand, and the check cashes. Her restaurant has always paid in their history of being in business. She also has a cheese vendor, meat vendor, wine vendor, produce vendor and other creditors that allows her restaurant to be in business.
This affects all businesses. Grocery supply chains, fuel supply chains, auto supply chains, etc.... No one goes untouched on something like this.
Look for these credit lines to lock down this week. Last week was crazy in the markets, but this week will hit home.....
You want to know what the winning formula to win this presidency
If one of the IDIOTS Mcbomba, came out today and said, I WILL GIVE THE AMERICAN PEOPLE ONE YEAR SABATICAL ON INCOME TAXES....
In all honesty it would not cost the govt a dime, because the paper is not real, and the debt is not real. MAN O MAN, and after a year of no income tax, do you think that Americans are going to want to pay it later?
HELL NOO
Freedom may be worth searching for.
Remember, Dont battle the govt with guns(ALONE), Beat them in court, in state legislature, or hire Ron Paul for president.
My
suppliers have been shutting me off periodicaly, until they get their checks. Some of my credit is off the board forever.
you could be very right!
you could be very right! PLEASE READ THIS!
http://www.urbansurvival.com/week.htm
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
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"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
I honestly think they are screwed.
There isn't a plan or package they can come up with, or enough paper to print the amount of money on that would be needed, that will fix the mess they have created. "The eagle has landed" (after hitting a plate glass window).
I hope your wrong...
but I know you are right......how far can this go???
what is the intrinsic value of
paper?
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"the only thing that keeps the banking system from failing is general ignorance about how the banking system works."
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You've never dealt with collection agents, have you?
"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." Benjamin Franklin
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government of the people, by the people, for the people
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Pre-wipe is only as good as mulch, keeping weeds from coming up.
Post-wipe is probably worth more. Preventing weeds from coming up, and also promoting vigorous plant and shrub growth due to the additional fertilizer content. Use your fiat money wisely.
YOU GOT TO BE KIDDING ME. IT'S NOT THAT EASY.
"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." Benjamin Franklin
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You can't just say, "Just kidding guys, Those loan papers that I signed, I didn't really mean it."
government of the people, by the people, for the people
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I bought $300 worth of food today. I was going to
"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." Benjamin Franklin
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buy a gold coin with this paycheck, but I changed my mind. I still want to buy a gold coin, but I think I will buy a small size freezer first.
I didn't notice anybody in a panic mode, though.
government of the people, by the people, for the people
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as usual, people don't know what is going on
How could a credit freeze affect me? They just don't get it. If it freezes hard this week (G7 better come out with some out-of-the-box shat before the markets open worldwide Monday, except here - holiday). Tanky, tanky, credit freezy, freezy....
Burgers on credit
It blows me away to see a line of people at Burger King buying their Woppers on credit cards. One other person and myself used cash in that line. Burgers on credit what a concept, I wounder if that will be affected next week?
Dude. Could be just a debit card not necessarily credit.
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Or a rewards card
For quite some time, I have used a visa that rewards me Alaska Airlines miles for every dollar spent. I pay the balance every month, so I am not going into debt, but I get free airline tickets out of it. So yeah, you might have seen me putting a burger on a visa and thought "WTF?", but I was actually just getting a free trip to Mexico out of the deal (combined with other purchases, over the course of a year)....
Get your own "Ron Paul for Treasury Secretary" or "Nothing Changes 1-20-09 / Vote Third Party" sticker, designed by AlaskaRon, today!
http://www.cafepress.com/thirdparty08
RP2012!
There's still a transaction
There's still a transaction fee charged to the retailer though. Plastic sucks no matter how you slice it (at least until they come up with a card that will let you redeem gold and silver from an ATM).
************
http://www.pyrabang.com - the Patriot newsfeed machine that will take a huge bite out of Google's ad profits and put them in your pocket!
What he said!
http://www.tragedyandhope.com
http://www.im2moro.com
LOL
Except that, like all costs, the transaction fee is charged to the customer. You don't seriously think the prices you pay don't have that fee built-in, do you?
- -
Get your own "Ron Paul for Treasury Secretary" or "Nothing Changes 1-20-09 / Vote Third Party" sticker, designed by AlaskaRon, today!
http://www.cafepress.com/thirdparty08
RP2012!
"I will gladly pay you
"I will gladly pay you Tuesday for a hamburger today."
This is actually not so new a concept.
lol
my thoughts exactly.
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"the only thing that keeps the banking system from failing is general ignorance about how the banking system works."
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I
invested in some small oil wells. SemGroup picked up our oil and then went bankrupt. We are paying the price for these asshole's gambling addictions.
http://www.reuters.com/article/businessNews/idUSN25503394200...
The article stated that the
The article stated that the Carlyle Group was one of the investors whose stock in the company would be wiped out. Interesting... Carlyle Group, if I'm remembering correctly, is the Bush family's money manager (I think).
...
I
invested in some small oil wells. SemGroup picked up our oil and then went bankrupt. We are paying the price for these asshole's gambling addictions.
http://www.reuters.com/article/businessNews/idUSN25503394200...
Went to Costco this morning
I had never seen it less busy. I thought for sure it would be slammed with people stocking up because of the upcoming shortages...but then I remembered that most people rely on network news for information, and that the majority of them believe that government will save them.
"Dependence begets subservience and venality, suffocates the germ of virtue, and prepares fit tools for the designs of ambition." -- Thomas Jefferson
Went to Costco this morning
I had never seen it less busy. I thought for sure it would be slammed with people stocking up because of all the bad news...but then I remembered that most people rely on network news for information, and that the majority of them believe that government will save them.
"Dependence begets subservience and venality, suffocates the germ of virtue, and prepares fit tools for the designs of ambition." -- Thomas Jefferson
i was at costco today ... it
i was at costco today ... it was hella busy .. people wouldn't get the hell out of my way .. i got 14 gallons of water 6 pounds of peaches in a can and i wanted to buy 50 pounds of rice but my mom told me i was crazy lol
and also about 6 pounds of crackers
Where are you located? I
Where are you located?
I work at a pizza shop and we are not having any of these problems. Backdoor prices are rising at unprecedented rates though.
Only upside is when people get depressed they eat pizza.
Sacramento
on the left coast....
In recession, cash is always king
~~~~~~~~~~~~~
World's Greatest Business
http://www.gbemembers.com/webintro.php?view=wmv
"The Number one reason people lose money is the FEAR of losing money." Sir John Templeton
"Committed To The Eradication Of Poverty Among Patriots"
"GINO" = Government In Name Only
Daddy that is what my
Daddy that is what my grandpa used to tell me. he was 12 or 13 when the depression started.. the only problem this time is the dollar is NOT backed by gold like it was in the 30's... thats why this time arouind you are better to have your cash in storable food, water, LEAD, and ofcourse silver and gold! with the way they are printing dollars it will be worthless!
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
Makes you feel bad for Baboo from Seinfeld
In Christ,
Dave
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Grace be to you, and peace, from God our Father, and from the Lord Jesus Christ.
In The LORD Jesus Christ;
Dave
"where the Spirit of the LORD is, there is liberty." 2 Cor. 3:17
http://www.lionandlambministry.com