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Not Ready For Economic Collapse: Only 41 Percent Of Americans Have $1000 To Cover An Emergency
TMIN ^ | 01/23/2020 | Michael Snyder

Posted on 01/23/2020 11:06:08 AM PST by SeekAndFind

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To: SeekAndFind

Not to worry, the 59% who saved and have more will be forced to share the wealth.


21 posted on 01/23/2020 11:29:39 AM PST by Opinionated Blowhard (When the people find that they can vote themselves money, that will herald the end of the republic.)
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To: SeekAndFind

while the possible scenario is a ways off- and ism ore about the ‘final financial collapse’- we are just one or two democrat presidents away I believe from this nightmare scenario- They will plunge us into economic dire straights with all this climate crap- at first it will start out as not too bad- small fees- small fines- but will grow very quickly once the ball gets rolling- an anyone complaining will be excoriated at ‘anti-science’ ‘anti-planet’ etc- Then they’ll really lower the boom- cripple everyone financially- make them totally dependent on gov- (Democrats have been trying to get everyone on ‘welfare for all’ for a long time now- free everything- the government will take care of you)


22 posted on 01/23/2020 11:32:41 AM PST by Bob434
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To: SeekAndFind

Just write down all the rich FR folk’s addresses... They let us know on here how prepared they are...


23 posted on 01/23/2020 11:36:14 AM PST by dakine
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To: Bob434

We have all the supplies you need to survive, we have electricity, fuel, plenty of food and potable water- all you have to do is travel here, and everything will be available to you”
___________________________________________________
All the above will likely be a lie.

They will actually have rolling or long term blackouts, MREs because they will lack the raw materials and power to import food and keep it cold, lack of power to pump available fuel and a shortage of fuel due to their green policies, and dubious water due to a lack of power/chemicals to keep it safe, not to mention water shortfalls due to various eco laws. Everything will be severely rationed and based on some sort of vote and labor exchange. Corruption will make it all worse.

Those blue cities do not even have housing and medical treatment available for the homeless street encampments.

Very few people will go there.

Snyder is a gloom monger.


24 posted on 01/23/2020 11:38:16 AM PST by reformedliberal
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To: Georgia Girl 2
Exactly. The economy is doing well.

That said, for many, cutting cable, Starbucks and eating out would save them a ton of money every month.

25 posted on 01/23/2020 11:39:30 AM PST by Eagles6
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To: dfwgator

For many of us, our problem isn’t that we spend too much.

It’s that we don’t earn very much. :-(


26 posted on 01/23/2020 11:40:51 AM PST by Tired of Taxes
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To: SeekAndFind

No one needs money saved when one is on welfare.

Their money is coming from YOU!


27 posted on 01/23/2020 11:41:28 AM PST by ConservativeMind (Trump: Befuddling Democrats, Republicans, and the Media for the benefit of the US and all mankind.)
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To: dfwgator

Same 50% who don’t pay any federal income taxes.


28 posted on 01/23/2020 11:41:48 AM PST by TonyinLA
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To: Eagles6

I’ve cut a few minor indulgences and don’t miss them at all.

I look at eliminating more out of what little there is.


29 posted on 01/23/2020 11:43:26 AM PST by wally_bert (Your methods were a little incomplete, you too for that matter.)
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To: reformedliberal

[[All the above will likely be a lie.]]

yep because the Father Of Lies will be running the show at this point- and many people will fall for it out of fear for their family’s survival-

[[Snyder is a gloom monger.]]

Oh I’m sure he is- my scenario is the end times- snyder is glooming and dooming present economy pre tribulaiton- my scenario is during the trib- and it will be doom and gloom during that time- I just think the way they wil lget us there will be through the colossal scam of climate change-


30 posted on 01/23/2020 11:43:57 AM PST by Bob434
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To: SeekAndFind

Why would I need money if I have a pistol? (just joking)


31 posted on 01/23/2020 11:45:19 AM PST by glorgau
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To: tflabo

If you start saving in your early 20s, even if it’s just a hundred dollars a month, by the time you’re 50, you’re pretty much set for retirement.

Compound Interest is indeed the “8th Wonder of the World”


32 posted on 01/23/2020 11:46:05 AM PST by dfwgator (Endut! Hoch Hech!)
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To: SeekAndFind

I don’t think one’s ability to cover $1000 really has anything to do with a full collapse. A major, 20% unemployment type collapse is gonna burn through $1000 pretty quick.


33 posted on 01/23/2020 11:48:25 AM PST by discostu (I know that's a bummer baby, but it's got precious little to do with me)
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To: ConservativeMind

I was just referencing “The Shelter” Twilight Zone episode, about how those who didn’t prepare were demanding the one family that did prepare to let them into their shelter.


34 posted on 01/23/2020 11:48:40 AM PST by dfwgator (Endut! Hoch Hech!)
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To: Bob434

I don’t think economic collapse will occur with Trump as President. After that if a whacked out socialist or communist then a possible Atlas Shrugging is possible. With a high # of morons and leftist hacks in the populace it’s a scary possibility.


35 posted on 01/23/2020 11:51:44 AM PST by tflabo (Truth or tyranny)
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To: dfwgator
Call me stupid. I burned through money in 2019 helping those close to me through their emergencies including an unexpected homelessness, a parent's hospitalization and an overseas flight for a funeral.

I just did my solidly middle class taxes. I'm paying the state $2 more and getting less than $100 back from Trump and company. No windfalls here.

36 posted on 01/23/2020 11:52:32 AM PST by newzjunkey (Vote Giant Meteor in 2020)
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To: SeekAndFind

The poorest people are now the most likely to be obese, and almost everyone is generally bigger and heavier. So I guess if everything really craps out many will have the luxury of living off their tremendous fat reserves for many months if they can’t buy food.

Freegards


37 posted on 01/23/2020 12:00:09 PM PST by Ransomed
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To: tflabo

Agreed- He doesn’t seem in a hurry to sign onto any climate regulations but you can bet a democrat will- AND, they will likely give away our sovereignty in the process so that we are regulated by the UN in regards to climate rules enforcement


38 posted on 01/23/2020 12:08:11 PM PST by Bob434
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To: SeekAndFind

Next recession folks will be selling Apples on the streets.
imacs, iphones, Macbooks...


39 posted on 01/23/2020 12:08:25 PM PST by outofsalt (If history teaches us anything, it's that history rarely teaches anything.)
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To: Bob434

...through the colossal scam of climate change-
________________________________________________

“You say you want a revolution.....”

I do not think those in the Northern Hemisphere will forego heat in winter, nor will those in the south forego air conditioning.

No one is going to accept starvation.

No one is going to accept less electrical power, reduced potable water, global economic collapse in exchange for empty promises from tyrants.

I have no idea when the End Times arrive. It’s pretty clear _how_ they come about, but nothing says the process must be quietly accepted by the globalists’ slaves.

They do not have the leverage they assume.


40 posted on 01/23/2020 12:20:47 PM PST by reformedliberal
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