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Because....no matter WHO is in charge, and whatever the crime and unemployment rates are......people still need toilette paper to wipe their ..... that's why.
"Really don't understand" what people don't get about that.
And of course, well in this case, maybe not.....you do realize buying reasonable amounts of an essential item is quite different from stocking up during times of panic.
And I say this as someone who for decades has always had at least one year supply of TP.
I always HAVE stock up years' amounts of things: TP, paper towels, toothpaste, trash bags, aluminum foil, plastic wrap, etc. If it's non-perishable household good I likely have plenty of it.
And I think lots of people do that. Lots of people just normally keep some things stocked. WE are not the ones now who can't find what they need.
(Obviously, not everyone has the storage space for stocking up on multiple items.)
we are becoming quite resourceful here in nyc ... we don't need no toilet paper as long as we can get sliced bread ha ha
You have folks running and stacking up on toilet paper, water, and pulling cash out of the bank. They are doing this because supposedly the US might collapse.
But if you stop and think, if the US collapses, what good is your toilet paper, water, and cash going to do for you, when there's:
- Anarchy in the streets
- The S&P 500 goes to zero
- All of the Banks have failed
- Most likely some foreign power has seized control over everyone
It'll be the end of the world lol. It's why I really don't understand the doomsday people who stack up on toilet paper, water, gold, guns, and pull cash out of ATMs because the world is going to end? If the world is going to end, don't you realize that you are going to end with it ?
losing access to cash doesnt necessarily mean the end of the world. you are saying that they are doing this because "supposedly the US might collapse" but that isnt true. the US doesnt have to collapse for you to lose short term access to cash, toilet paper, water, etc.
also, if the world as we know it does end you still will probably try to remain alive and try to protect your family. your assumption that if the world ends you will just accept death probably isnt really how it would play out. but like i said, that isnt what most people expect when they stock up on extra supplies.
I took out over $1,000 a week or so before it started escalating. I have insider info that there has definitely been a run on banks and senior management is concerned about it since then. People drew down cash, cash advances, and credit in a major way.
I don’t see any scenario where people would actually lose money in the bank. The federal reserve would be called upon to backstop the fdic in an emergency I’m sure. They’ve shown in the last 2 crisis that money is no object, so I doubt they would let such an important concept at the heart of the system flounder in a crisis.
I don’t see any scenario where people would actually lose money in the bank. The federal reserve would be called upon to backstop the fdic in an emergency I’m sure. They’ve shown in the last 2 crisis that money is no object, so I doubt they would let such an important concept at the heart of the system flounder in a crisis.
Having physical dollars vs. "digital" dollars are two different things. Credit markets freeze and banks start to fail, and you won't be able to access physical dollars for some time. Physical dollars are in very high demand right now. Put it like this, if stores nationwide can be wiped clean of toilet paper, physical dollars would be no different.......
No guarantee in a worst case credit freeze/bank failure environment your credit cards will still work. Physical dollars are KING right now and will continue to be over the course of the next 1-2 years.
Having physical dollars vs. "digital" dollars are two different things. Credit markets freeze and banks start to fail, and you won't be able to access physical dollars for some time. Physical dollars are in very high demand right now. Put it like this, if stores nationwide can be wiped clean of toilet paper, physical dollars would be no different.......
No guarantee in a worst case credit freeze/bank failure environment your credit cards will still work. Physical dollars are KING right now and will continue to be over the course of the next 1-2 years.
If JP Morgan chase fails, we’ve got big problems.
If JP Morgan chase fails, we’ve got big problems.
anything can happen .... they would get bailed out but time locked out is the issue... i had a money market break the buck in 2008 ... it was locked ...
If JP Morgan chase fails, we’ve got big problems.
im not sure why people still keep saying insane things like this. there are a lot of scenarios between "everything is great" and "total failure." everyone just keeps saying "you are preparing for total collapse" or "if society fails we are all doomed." it doesnt take total failure for you to lose access to necessities for some period of time.
also, even your premise is absolutely ridiculous because if JP Morgan does fail, you will still want to survive. people make it like if the banks fail or economy/world collapses they will just sit down and accept death. that isnt how it will play out, you are still going to do whatever you can to survive so stop acting like people shouldnt bother planning for failure because that is the end of the world. it isnt like this would be the first time the world collapses, the world collapses all the time for people in various parts of the world. when ISIL started running through northern iraq recently the people didnt just say "well the world is over im just going to sit here with my family and accept my fate." they did whatever they could to survive. you would do the same and the more preparation that you did the happier you would be.
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