Do you remember that old song? I think of it every now and then and sing the parts I can remember.
According to usdebtclock.org, the National Debt is now over 19 Trillion 260 Billion Dollars and rolling on like a runaway freight train. God only knows for sure if there is anything that can be done about it, whether there will be a major economic collapse like nothing we have ever seen, whether we're "too big to fail" and the debt will continue to increase along with the cost of goods while the unconstitutional federal reserve keeps making more money like Trump talked about a few days ago, or whether it is all a hoax like [only] one person told me months ago.
So should we just sit back and do nothing while it all unfolds, or should we try certain preventative measures just in case there is indeed a major economic collapse before the Lord's return? If you haven't figured that out yet, I'm in favor of the latter, even though what I do pales in comparison to many others out there.
I work at a bank, so I may have a front row seat if/when the doo-doo hits the fan.
I recommend that you not keep money in your savings, cd's and money market accounts. One possible scenario is negative interest in savings accounts. Another possible scenario is not allowing withdrawal out of these accounts. Anyone remember the Savings and Loan crisis? I also recommend churches do the same things. It may not matter. But then again it might, and the interest is not all that great anyway.
Another recommendation I have is taking as much money out as you can in coin. Coin is controlled by the U.S. Mint, not the Federal Reserve. If/when it all goes down, it could be that coin will not be affected at all or at first like the Federal Reserve's notes. Quarter's and dimes are not are not worth their face values, but pennies and nickels are, So if you haven't already, start saving pennies and nickels. Nickels are $2.00 a roll and come in boxes of $100 at the financial institutions. Pennies are $.50 per roll and $25.00 per box. Even though the other coins are not worth the metal used to mint them, it may be better than Federal Reserve notes since they are not directly controlled by them. Again, it may not matter. But in my opinion, it is worth doing just in case.
I welcome civil comments and corrections.
~ Pester Brat