Urbanmiracle
Brooklyn the planet...
Should I stock up on canned goods and prepare for a mad max welcome to the thunder dome type of future for the US?
So if we don't raise the debt ceiling....
- Thread starter Urbanmiracle
- Start date
Did you even watch Mad Max?
You need to stock up on gasoline. The movie crew will bring food and refreshments.
fukk that, is you strapped? 
at some point we gotta stop raising the debt ceiling
Self_Born7
SUN OF MAN
Self_Born7
SUN OF MAN
Eye Cee 2 things happening..
They reach the 11th hour and temporarily raised the debt ceiling
or
it passes, and the economies around the world start falling like dominoes..
either way, yall cats better start saving for Rosetta stone and learn how to speak Mandrin.
They reach the 11th hour and temporarily raised the debt ceiling
or
it passes, and the economies around the world start falling like dominoes..
either way, yall cats better start saving for Rosetta stone and learn how to speak Mandrin.
dayum. and i've had rosetta stone on my hdd for 3 yrs and never installed it...
Black smoke and cac jokes
Your daps are mine
Really though, take out all your money from any investments you hold, including saving accounts.
Well, I think what you are speculating is a major global depression.
The devalueization of the American dollar could happen if the US defaults on it's loans when 10-18-2013 rolls around and the debt ceiling hasn't been raised or possibly major cuts in spending (doubt that).
It doesn't matter whether you have the money in the bank or in your hand, it's going to be worth less. If you have a dollar, it might be worth a penny. So if you have $100, it would be worth $1. If you have $1,000, it is worth $10. This already happened in Asia a couple of years ago (1997) when Southeastern Asian countries were speculating the cost of real estate too high, and that real estate bubble popped. A lot of hedge funds were deep into Asian markets so that affect a lot investors. Google "Long-Term Capital Management". The value of the South Korean won and Japanese yen tanked to name two. People in those countries are still living and they aren't in post-apocalyse mode but it affected a lot of the middle class, who had money in savings.
So, if you withdraw the money, I would guess you would want to buy gold and/or silver because they will hold their value. Will we become like Greece, Brazil, and Argentina where the rich become richer and the poor become poorer? Maybe.
Julius Skrrvin
I be winkin' through the scope
Buy gold brehs the world is ending 
This. The dollar may very well be devalued but probably not on that scale. Also, the Fed will step in to pay the bills.
The devalualization won't be on that scale. I just wrote that as an example of what a major devalue of the dollar could be.