ATM Fail

[beauanderos]

http://pro.bonnerandpartners.com/BBLFALLINGDOWN39/PBBLR811?h=true

interesting scenario. Tres ugly if it ever happens.

[beauanderos]

ok, so you better have a couple of hours of time to watch/listen to this if you want to reach the end... which, of course, turns into an appeal to subscribe to
one of his services.

Doesn't detract from the value of the presentation, however.

[beauanderos]

and today I got a notice from CITI cancelling my credit card... since I haven't used it in years. And I thought that getting and staying
out of debt was supposed to be a good thing?

[IdahoCopper]

and today I got a notice from CITI cancelling my credit card... since I haven't used it in years. And I thought that getting and staying
out of debt was supposed to be a good thing?

You need to use your dormant cards. Charge $100 and pay it off before any interest accrues. Do that once per year on every card you have. A spreadsheet helps to keep track.

[beauanderos]

ok, granted... the presentation is long-winded. Here's a synopsis that will only cost you five minutes to skim and covers essentially the same material
https://www.lewrockwell.com/2015/06/bill-bonner/when-the-atms-wont-work/