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Brutal Reality: Government Shutdown Is Proving Americans Are NOT Prepared For A Recession

Mac Slavo
January 23rd, 2019
SHTFplan.com
Comments (86)

The brutal reality is that most Americans are not prepared for the next economic downturn or recession. The government shutdown is highlighting just how much Americans rely on others as opposed to themselves, and how little they have saved for an emergency.

According to the newest op-ed article by Market Watch, the government shutdown is perfectly proving that Americans are not prepared for a financial disaster of any kind, let alone an economic recession. Many have long assumed that the government (which as we all know is almost $22 trillion in debt) will be using their money (stolen funds aka, taxation) to bail out those who get themselves into trouble. But the shutdown is proving just how little the government actually does and just how financially illiterate many Americans have allowed themselves to become.

The Shutdown Is Providing Evidence Of Private Businesses Making Government Obsolete

Almost 60% of Americans have less than $1000 in savings for a rainy day fund or an immediate emergency. It’s been ten years since the Great Recession left many Americans jobless with no money, and it appears most have learned nothing. The government shutdown serves as a painful warning and preview for what will happen once unemployment rises from 50-year lows.  Americans are far too dependent on others, including the government, for their survival.

Within just a few weeks into the government shutdown, people are struggling to cope. We hear stories about people turning to food banks to feed their families. We hear stories about people who are in dire straits because they can’t get loans. We hear stories about people who can’t pay their mortgages. That’s not even one month into the shutdown. –Market Watch

Most Americans live paycheck to paycheck, including those who work for the government.  Many won’t live below their means in order to save and it certainly seems that most citizens have picked up the government’s spending habits. They have also stopped saving for themselves. According to a recent GoBankingRates survey, only 21% of Americans have more than $10,000 in savings, with nearly 60% having less than $1,000 in savings. Almost 32% of Americans have nothing saved up at all.

And something most don’t want to hear is that every economic cycle will end and hit a low again despite the rosy attestations of those who wish to keep confidence high. There is nothing in history that suggests that extremely low unemployment can be maintained for an extended period of time. Indeed, it is precisely at the end of an economic cycle that low unemployment rates tend to reverse rather suddenly.

There is one way to prepare for a recession and it’s to end dependence on debt and save some money for an emergency. Without the shackles of credit card debt, student loan debt, and car payments, Americans could not only save more, but their money would go much further as no one has already claimed it in the form of debt repayment.

How Prepare For An Economic Downturn: Go Debt-Free In 2019

 

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Author: Mac Slavo
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Date: January 23rd, 2019
Website: www.SHTFplan.com

Copyright Information: Copyright SHTFplan and Mac Slavo. This content may be freely reproduced in full or in part in digital form with full attribution to the author and a link to www.shtfplan.com. Please contact us for permission to reproduce this content in other media formats.

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86 Comments...

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  1. Old Guy says:

    Its not necessary to PROVE a known fact. Duh?

    • TharSheBlows says:

      One good thing about a total Grid melt down would be that most debt would be wiped away, especially unsecured debt like credit cards. How would a large bank like JP Morgan Chase – ever chase down 30 million Americans owing them credit card debt? Its all uncollectible. Its a write off of gigantic magnitude. Jubilee.. So pay off all your secured debt first like a car loan or mortgage, screw the credit cards and pay them last. They deserve to be served up a helping of punishment back for their predator lending over the last 50 years.

      People out there still got money, just sold a large 6 Pc bedroom set off of Craigs list yesterday for $5K
      Cash. People with money love quality. I also have a large assortment of signed Oil Paintings for sale. People love artwork also. I make money buying at pennies on the dollar quality items at estate sales, and then reselling or flipping the item off of Craigs list for as much as 3 times what I paid for the item. I deal in all cash for this kind of sale.

      • John Stiner says:

        How would a large bank like JP Morgan Chase – ever chase down 30 million Americans owing them credit card debt?

        The government would assume the debt and JP Morgan Chase would never close it’s doors.

        That is what happened in 2009 with the bad mortgages. Fannie Mae bought them all.

        • Beaumont 2.0 says:

          js asked, “How would a large bank like JP Morgan Chase – ever chase down 30 million Americans owing them credit card debt?”

          What if law enforcement does their job (this time) during a massive ebt riot.

          Credit can be expanded and contracted, just as arbitrarily, imhblo.

      • Rodney says:

        a message from the IRS,
        Dear Sir, please send receipts of all sales for cash, failure to do so will result in an estimate of $50,000 to be paid by next week…
        LOL
        You really shouldn’t put this kind of info on the internet, no matter how good you feel about your sales, and how well you do with them,there are too many green eyes looking. just keep it to your self,and happy sales..

  2. HAS THE GOVERNMENT STOPPED TAKEN TAXES OUT OF YOUR PAYCHECK YET ? says:

    You Can’t Get Blood From a Turnip

    https://www.youtube.com/watch?v=BZFfVnW49ks

  3. This just in: people are fuckin idiots!

    • buttcrackofdoom says:

      there’s a support group meeting tonight at 6 p.m. for all those that didn’t know that. it will be in the phone booth at the corner of 6th and vine streets. they have apologized for not being able to find a smaller venue on such short notice…..

      • John Stiner says:

        Your birth certificate is an apology letter from the condom factory.

        • Genius says:

          And used as collateral for the national debt.

          • Genius says:

            How many amerikans own physically precious metals? I would say about 1% maybe. I sailed right through the last big recession and was fine. But then I HAD OVER 2000 OZ. OF SILVER. I didn’t lose a fooking cent out of my savings. In fact I made out pretty good. The retards had their currency in paper and lost their asses! The bottom is here in gold/silver get some if you have 2 brain cells.

            Or just do like the masses did before and lose your ass because your an idiot and keep shooting yourself in the foot. God people are retarded uuuhhhggggg.

  4. Yohan Smythe says:

    But will this be a wakeup call?

    or “made it through that. We’ll deal with the next one when it gets here.”

  5. Archangel says:

    I’m afraid it will require a complete economic meltdown and a lot of people homeless and starving before Americans WAKE UP and live in reality, and by that time it will be too late. Then these same morons will clamor even more loudly for Socialism /Communism. This has been the plan of the Global elites for years.

  6. ANGRY FROG says:

    Gee I wonder if my phone will ring on this one.

    Well it will not be the first time I guess it means I hit a nerve.

    I found this interesting.

    Youtube

    (The purge – its coming shtf follows)

    Are we headed there boys, and girls ?
    Oh lets not forget transgenders, and metro sex, or what ever.

  7. PlainOldAmerican says:

    Work hard, scrimp and save. Now watch it all be destroyed as hyperinflation makes your saving account worth a cart full of groceries. The fiat currency / Federal Reserve scam makes saving a fool’s errand unless that “fool” is saving in real dollars (371.25 grains of fine silver) or gold. Putting your wealth into a bank and then being charged taxes on the miniscule return is offensive to anyone with a three digit IQ.

    Save your money in other precious metals as well…lead, brass etc.

    • John Stiner says:

      Most Americans will be screwed involuntarly.

      Basically all retirement funds are through a 401K or a 457 plan. You CAN NOT take your money out unless you quit your job or you formally retire.

      These 457 and 401ks are nothing more than mutual funds that buy stocks. When the stock market crashes, the mutual fund price crashes, but you can’t remove your money when you see it coming unless you quit your job.

      Catch -22

      • rellik says:

        JS,
        You forgot 403b’s
        You generally get a yearly report that states the health of your account(s), read it.
        My pensions are actually annuities and I get a yearly report. I read them.
        Government, well established corporation bonds, and commercial real estate make up most of my pension income. These sources are historically secure.
        Inflation is my biggest enemy. It destroys our wealth and it is an artificial part of our economic system.

  8. Nailbanger says:

    Oh well!
    Sucks to be them,,,,

  9. The Deplorable Renegade says:

    Breaking News: If you don’t prep, you’re inept. I’ve got several years’ worth of storable food, water, and other survival supplies built up so I’ll make it. There’s going to be a great culling coming one way or another.

    • John Stiner says:

      I recently opened an 8 year old 5 gallon bucket of all purpose flour. The flour was dumped directly into the food grade bucket and the lid sealed on. No other methods were used for preservation.

      The flour was as good as the day it first went in.

      • Genius says:

        Thats pretty good for flour. I store grains whole and grind them as needed. Wheat kernels whole will last 50+ years.

        • nationindistress says:

          A man that knows how to store. Extend the life with Oxy absorbers and mylar bags?

          • John Stiner says:

            I put oxygen absorbers in with dog food in sealed 5 gallon buckets. A year later I opened it and discovered that everywhere there was an oxygen absorber there was mold, in the areas with no oxygen absorber, there was no mold.

            I don’t know why, but that ended my use of oxygen absorbers.

        • rellik says:

          Gen,
          Same here. I have close to two hundred pounds of wheat berries. Red and white. at 50 years storage life, some of that wheat will probably outlive me.

          • Genius says:

            relik, you probably won’t believe this but I have well over 1000 pounds of wheat stored lol. I got 20 50lb. bags on craigslist for 5 bux each plus the 8 or so buckets I already had. What a score, double bagged long term storage rated triple cleaned too. I have made some great deals on craigslist!

    • Grunty McPhereson says:

      Agreed on the coming culling, Dep Ren. I’ve been prepping/waiting for a number of years for the balloon to go up, and I’m so grateful that I have my “insurance” of food, water, gear, brass, lead, lead slingers. The culling May happen tomorrow or not for a few years…..but it WILL happen!

      Lord, I think about how vulnerable my family was BP (before prepping), and it’s worth it to me that I have the peace of mind now that in the event it happens, I’m as ready as I can be.

      God bless

      Gruntster

  10. The Deplorable Renegade says:

    Mac, what happened to that article about the food cart girl refusing service to a male? I was really interested in that article and all of a sudden it was gone.

  11. ANGRY FROG says:

    RENEGADE

    I made a comment about neo feminism last night.
    I guess I was right, and it hit a nerve.

    We are not in control I GUESS

    Go to youtube and type in THE PURGE- ITS COMING SHTF FOLLOWERS

    OH! here comes the men in black I guess if I am lucky I will go to a FEMA CAMP.

  12. I have noticed the exact opposite. Everyone I know that works for the government and is not getting paid, has no worries because they have plenty of savings. Nothing bad has happened as far as I can see due to the shutdown. The government doesn’t do anything useful anyway, so them not doing it is a good thing.

  13. Say…isn’t the president good buddies with Putin?

    Howsabout gittin the Russkies to build the “wall”? It would be done in no time and the bid would undercut all those trough feeder fed contractors:

    https://www.rt.com/russia/447629-russia-fence-crimea-ukraine-border/

  14. Anonymous says:

    @Deplorable Neal Jensen says
    Exactly! I read an article that people were pawning their flat screen tv’s and extra cars to pay their rent, etc. Why the heck do people own these things if they have no money saved for emergencies?! Even when I was young and living paycheck to paycheck I would save money….even if it was only $5.00 No matter what level your income is at, it’s important to live below your means and save monthly. And why would these workers, who went through a shut-down during Obama, not learn the valuable lesson so they aren’t in that position again? I honestly don’t get it-

  15. Maranatha says:

    If you lived through the wretched political mess of Watergate (which was a minscule scandal by comparison to any of the 11+ scandals of the Clintons which grew to HUGE ONES later with the Uranium deal with Russia and pay for play), then you know that led to complete consumer loss of optimism. We ended up with STAGFLATION and recession at the same time. Interest rates went to 15% on things like new car loans by 1981.

    Things can get far worse. Everyone could be out if work and the interest rates so high that it’s impossible to pay investors, so the entire economy then is stagnant.

    Then no one can buy a home unless they have a really inflation proof job and a large cushion of assets.

    • Maranatha says:

      If we have hyperinflation, then first people would cheer because say you owe $75,000 on a home mortgage and suddenly dollars are like monopoly money and worthless. Well, people pay off their loans all at once, so that seems better. Then it’s impossible to buy groceries and a loaf of bread costs $20 then $200 then $2000 and so on. See Zimbabwe.

      But deflation is horrendous. The dollars falls in value and everyone gets paid less but has EXISTING DEBTS that can then NEVER BE PAID OFF.

      • Maranatha says:

        With hyperinflation, owning a homestead upon which you can provide yourself with food, firewood, has a well, has goats, chickens, and rabbits and wild edibles and squirrels…then is PRICELESS. It literally on paper is worth millions.

        But since no one can afford to buy it, then it is absolutely illiquid. And then nothing is more valuable and a stronger person will try multiple strategies to seize it from you.

        With severe deflation, you can’t pay your loans, and since the only valuable asset is producing land, the banks would try to seize all agricultural land, even using hred thugs to do so.

  16. Bond Servant Ron says:

    HERE IS THE PSYCHOPATH MONSTER CONTROLLING THE CRIMINAL TREASONOUS UNITED STATES CORPORATION GOVERNMENT FROM THE INNER PITS OF THE BOWELS OF HELL IN WASHINGTON DC:

    Please allow me to introduce myself
    I’m a man of wealth and taste
    I’ve been around for a long, long year
    Stole many a AMERICAN COWARDS soul to waste

    And I was ’round when Jesus Christ
    Had his moment of doubt and pain
    Made damn sure that Pilate
    Washed his hands and sealed his fate

    Pleased to meet you
    Hope you guess my name
    But what’s puzzling you
    Is the nature of my game

    I stuck around St. Petersburg
    When I saw it was a time for a change
    Killed the czar and his ministers
    Anastasia screamed in vain

    I rode a tank
    Held a general’s rank
    When the blitzkrieg raged
    And the bodies stank

    Pleased to meet you
    Hope you guess my name, oh yeah
    Ah, what’s puzzling you
    Is the nature of my game, oh yeah
    (Woo woo, woo woo)

    I watched with glee
    While your kings and queens
    Fought for ten decades
    For the gods they made
    (Woo woo, woo woo)

    I shouted out,
    “Who killed the Kennedys?”
    When after all
    It was you and me
    (Who who, who who)

    Let me please introduce myself
    I’m a man of wealth and taste
    And I laid traps for troubadours
    Who get killed before they reached Bombay
    (Woo woo, who who)

    Pleased to meet you
    Hope you guessed my name, oh yeah
    (Who who)
    But what’s puzzling you
    Is the nature of my game, oh yeah, get down, baby
    (Who who, who who)

    Pleased to meet you
    Hope you guessed my name, oh yeah
    But what’s confusing you
    Is just the nature of my game
    (Woo woo, who who)

    Just as every cop is a criminal
    And all the sinners saints
    As heads is tails
    Just call me Lucifer
    ‘Cause I’m in need of some restraint
    (Who who, who who)

    So if you meet me
    Have some courtesy
    Have some sympathy, and some taste
    (Woo woo)
    Use all your well-learned politesse
    Or I’ll lay your soul to waste, mm yeah
    (Woo woo, woo woo)

    Pleased to meet you
    Hope you guessed my name, mm yeah
    (Who who)
    But what’s puzzling you
    Is the nature of my game, mm mean it, get down
    (Woo woo, woo woo)

    Woo, who
    Oh yeah, get on down
    Oh yeah
    Oh yeah!
    (Woo woo)

    Tell me baby, what’s my name
    Tell me honey, can ya guess my name
    Tell me baby, what’s my name
    I tell you one time, you’re to blame

    • The Deplorable Renegade says:

      Ron, I didn’t know you were a poet. Very interesting poetry.

    • Jim in Va. says:

      where are the Rolling Stones when you need them?

    • Mr. Natural says:

      Cheese and crackers Ron! I’m surprised at you. Wasn’t that kind of a drugged-up, dumbed-down, drunken-bum, GMO-gobbling, New Babylon hell-on-Earth, toxic-dumpish thing to be posting here?

      • Bond Servant Ron says:

        Yes, the demonic Luciferian Satanist Baal Worshiping Rolling Stones said it better than I could, they knew Lucifer better than I did and I knew him very very well, so the message was there in Satanist PSYCHOPATH Pedophile controlled damned and doomed New Babylon America and I was just spreading it a little more….I like that you remember me and what I say….that makes me smile and gives me JOY!!!!

        Mr Natural Born COWARD, the only way any AMERICAN COWARD will EVER be saved by the blood of the lamb-they must first understand WHO controls(for NOW) this lowest physical realm you are in RIGHT NOW, WHO controls this collapsing Police State hell on earth of damned and doomed New Babylon America, and WHO controls the criminal treasonous Satanist PSYCHOPATH Pedophile United States CORPORATION Government, so again, the ones who know Lucifer the best are the best ones to describe him and what he is capable of don’t you think?????

        • Mr. Natural says:

          You have your own special manner of putting things sir but I do like what you say. In many ways we have lost our way, we have to get it right again, and can’t let the football game stop us. I’m with you on that and the whole bowels of hell in Washington DC part too but how is it that you know Lucifer so very well? In fact, how do I know that you aren’t him, and vice versa, how do you know that I’m not? He is, after all, The Great Deceiver.

          • Bond Servant Ron says:

            I know Lucifer/Satan because I had the Anti-Christ Spirit in me before I was saved by the blood of the lamb, like ALL COWARD AMERICANS who have the Anti-Christ Spirit. ALL AMERICAN COWARDS do not have the Holy Spirit of Our Lord and Savior Jesus Christ, they ALL have the Anti-Christ Spirit. No, I am not Lucifer. You could be the Great Deceiver, who knows, but your time is up anyway if you are Lucifer, and you would know that. If you are Lucifer, I will build you a Permaculture Food Forest Garden, so you can bury yourself in it for 1000 years, before my Master comes back to reclaim this earth and all the Kingdoms now under your complete control. What better way for a servant(me) to serve his Master than to clean up his house(earth) before he gets home….so if you are Lucifer, I am asking you to bury yourself in the ground to start that cleaning process I will even put a plaque over the entrance to your burial plot with your name on it…”LUCIFER THE GREAT DECEIVER AND GOD OF ALL COWARD AMERICANS LIES HERE” or anything else you would like it to say.

  17. aljamo says:

    Reads like Sympathy for the Devil.

  18. Maranatha says:

    If you buy flour as a prepper, you should freeze it for a couple days to kill pantry moth larva. Then store it and hopefully use it up by rotating it. Flour goes bad mostly by pantry moths and exposure to oxygen as the oil in the wheat goes bad when milled.

    Smarter long term preppers have wheat berries and grind when they need it. That is going to have a longer shelf life.

    If you get pantry moths (very common) then go to the Farm Supply and get pheremone traps. These lure in moths and then you toss that. It works.

  19. Dino says:

    I’m doin just fine, keep the government shutdown forever

  20. hey-who says:

    Neal: but a big part of the problem is that Corp America and the Gov’t has fucked us big time and the costs of everything goes UP & up & up while us average folks are paid like it is 1980 or some shit! I work for Corp America and they literally feel it is acceptable to give so called “Raises” of like a god damn quarter – WTF, are you kidding me? 25 stinking cents and that is if you had a good score…..how can you live and pay all of this top-dollar damn bills??

  21. X7734-0845 says:

    Everyone should be doing what was done in older times. Save some money (be it fiat, PMs or whatever), food, water, etc. – AT HOME.

    Whether a Depression or if the balloon goes up, you will not get inside a bank to get what is yours. It will all be gone in an instant. Fiat currency will have far less value than it did, but you will have something to deal or barter with before it looses all its value.

  22. Anonymous says:

    The State is the only national government. There are fifty of them in the American Union. That federal Union is just a continental united nations arrangement. As Thomas Jefferson defined the federal government: it is only “our” states’ (joint, federal) “foreign office”. U.S. Americans are woefully (and intentionally brainwashed to be) ignorant of that core Constitutional reality. They’re therefore living un-Constitutionally in a law-of-the-jungle rogue “state” called “the United States” (as if those states were singular instead of Constitutionally still plural, even when acting federally as a Union). Those states are republics (“kingdoms of the people”) in which every citizen thereof is King and Queen– collectively of their respective states and, severally, each King and Queen of only him or herself. That’s Constitutional reality, not the dysfunctional fake “reality” that’s foisted upon us all by the mainstream propagandists.