The Federal Reserve is buying up all public and private debt right now, backed by the treasury. They will own (be on the hook) for most all of it by September of this year.
The economic system is changing right before our eyes.
At some point in the future, we will have to have a year of jubilee, when the reset button is hit.
$10,000 EIDL GRANT
Discussion in 'Ask An Owner Operator' started by Scooter Jones, Apr 3, 2020.
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A very long time ago in Philadelpha about the second day after America was born, a worried woman asked Ben Franklin "Sir, what are we now?" Ben answered "A republic if you can keep it"
I think we are going to find ourselves possibly building a new land on paper not too far into the future. We lost about 1/3 of our population soon after Founding when that percentage migrated to Canada and to the UK to remain with a people and systems they understand and are loyal to.
The more I think about this the more I lean towards a form of bullion as a store of value. It is however not worth it without a means of defense.Rideandrepair and petrolK9 Thank this. -
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What a terrible timing to open a new MC number. Things fall quickly, I see.
By looking at options, I will try to get a bigger loan to pay off other loans for a lower interest rate. The truck and the trailer is first in line. Then credit cards. I might actually take a bigger loan to pay off the mortgage. But I don’t know if they will approve for higher amount.Rideandrepair, petrolK9 and x1Heavy Thank this. -
Last edited: Apr 15, 2020
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I am not holding my breath on the EIDL money and not worried about the $1,000 that now applies to my operation. However two weeks of State Unemployment hit the bank last Tuesday and the $600 a week federal supplement hit the bank this morning. $1,150 a week isn’t bad considering Independent Contractors normally don’t qualify for Unemployment Benefits.
My local bank who is doing my SBA PPP said we “may” close Friday or Monday. I am not getting too excited as all indications are that the money will possibly run out before I get my hands on it.Last edited: Apr 15, 2020
Blackhorse77, Rideandrepair and x1Heavy Thank this. -
As a side note, two House Reps introduced a bill 3 hours ago per our Little Rock media to the House to pay all adults 2K a month minimum 6 months and up to 3 children 500 per. This will continue a minimum of 6 months or until employment of all souls 16 and older reach 60% of the adult US Population.
I don't think it will make it past the senate without fireworks its a small lite bill with nothing else on it. They seem to think the individual 1200 is not enough.
I don't know., If they started doing this later this year, thats all going into the safe. 12000 dollars of in new 100 dollar bills. at some point when the economy gets going I expect that money to become devalued as prices and markups kick in.
Not to mention the scams already in action and pending. For example you open a 4000 dollar fake fed check. Oh we paid you too much, just deposit and pay us the difference, keep your 1200. (YA right....) not to mention said bank will reject your check and then come after you for that money plus a fee or three.
What they emphasize is that its not income to be taxes at fed or state. Just free money.
You could get a $2,000 per month stimulus check under proposed billBlackhorse77 and Rideandrepair Thank this. -
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