What happens when EBT stops working?
Posted in the Waipahu Forum
#1 Nov 23, 2012
The United States of America is headed for a major financial crisis. We don't see it yet because it is being papered over by monetary policy so life SEEMS normal, but it is coming - I know it, you know it, everyone knows it.
After QE1 and QE2 failed, the Fed recently announced QE Forever, essentially printing tens of billions of dollars per month to buy United States debt in perpetuity so all of the zombies can show up with their credit cards and flip out at Walmart on Black Friday. Treasury Secretary Tim Geithner recently announced that the debt ceiling should be eliminated altogether and raised to infinity.
This system is so obviously unsustainable, as every Ponzi scheme is by design. So my question is, WHAT HAPPENS in America and on our tiny island, given the demographics, when the currency collapses and EBT no longer functions, given the millions and millions of families who literally DON'T EAT without EBT?
Since: May 11
#2 Nov 25, 2012
To answer the original question, I'll tell you what will happen. The crybabies will threaten to riot, cry racism, and Obama will give them their freebies and call it something else.
#3 Oct 13, 2013
It's coming. The powers that be just tested the waters in a few EBT markets this weekend, trying to predict the national reaction when EBT slows to a trickle or stops altogether.
We can't borrow money for eternity, live in a country run by a central bank that prints $85B/mo, fight multiple unwinnable wars all over the world, run a $50B/mo trade deficit, and give everybody everything for free in these massive Ponzi schemes.
Are we starting to see why the DHS and every 3-letter agency is arming to the teeth with hollow point ammunition, armored personnel carriers, and automatic weapons? Something's gotta give, and it ain't gonna be pretty . Think of all the dopey slugs on this island who know nothing more than getting their EBT card and going to Foodland. How do you think they will react when they can't feed their enormous families?
Do YOU have at least 3-6 mos supply of food and water saved for your family? Or will you be reporting to the closest government food center when the shelves go bare.
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