$10,000 EIDL GRANT

Discussion in 'Ask An Owner Operator' started by Scooter Jones, Apr 3, 2020.

  1. Scooter Jones

    Scooter Jones Road Train Member

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    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.
     
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  3. x1Heavy

    x1Heavy Road Train Member

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    I don't mind a Jubilee done right based on the historical accounts long BC. But I am confess to a little fear about some of our peer enemies in the world when they realize the mounds of American assets become zero in value. (Dollars etc)

    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.
     
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  4. Blackhorse77

    Blackhorse77 Light Load Member

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    My MC # just got activated six weeks ago!
     
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  5. Blackhorse77

    Blackhorse77 Light Load Member

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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.
     
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  6. Banker

    Banker Road Train Member

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    Maybe you should let the International Law Firm who wrote the information I posted know you think their dates are incorrect. I don’t know how they determined this date, but maybe they could tell you.
     
    Last edited: Apr 15, 2020
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  7. Banker

    Banker Road Train Member

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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
  8. x1Heavy

    x1Heavy Road Train Member

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    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 bill
     
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  9. Oscar the KW

    Oscar the KW Going Tarpless

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    You realize that you can’t borrow your way out of this right? Moving debt from one loan to another isn’t going to change anything, you still have debt.
     
  10. Blackhorse77

    Blackhorse77 Light Load Member

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    They really downplayed the virus at the end of January. I was going on my own at that time. If I knew what was coming, I wouldn’t be buying the truck and the trailer.
     
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  11. Blackhorse77

    Blackhorse77 Light Load Member

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    Yes, but paid off quickly.
     
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