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Financial Preparedness

Black Blade

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'Something Just Snapped': Consumers Panic Search "Pawn Shop Near Me"

1688651546153.png


Cash-strapped Americans are panic-searching "pawn shop near me." The search trend spiked to a record high at the start of July and is an ominous sign the consumer might be pawning items or selling things that were possibly bought during the Covid boom to raise quick money amid the worst inflation storm in a generation.
BLACK BLADE: Could get interesting. Even here in the oil patch as oil and gas prices are rising we have falling rig counts and a lot of industry workers being laid off. Could be temporary but people should always have an emergency fund for sebveral months worth of expenses.
 

Black Blade

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20 Stats To Show To Anyone That Does Not Believe The U.S. Economy Is Falling Apart


Americans are sick and tired of hearing that the economy is going 'just fine' when they continue to face major challenges to make ends meet every month. The cost of food is still soaring, gas prices jumped to an eight-month high this month, rent and housing costs are taking an even larger share of people's monthly payments, utilities are more expensive, and somehow we're still expected to have money left to save for emergencies and our futures at the end of every month. That seems too much to ask for many struggling families. There's no way everything is 'just fine' when the biggest part of our population is going into debt to be able to cover their basic needs while over 30 million people have fallen below the poverty line.
 

OhioPlinker

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20 Stats To Show To Anyone That Does Not Believe The U.S. Economy Is Falling Apart


Americans are sick and tired of hearing that the economy is going 'just fine' when they continue to face major challenges to make ends meet every month. The cost of food is still soaring, gas prices jumped to an eight-month high this month, rent and housing costs are taking an even larger share of people's monthly payments, utilities are more expensive, and somehow we're still expected to have money left to save for emergencies and our futures at the end of every month. That seems too much to ask for many struggling families. There's no way everything is 'just fine' when the biggest part of our population is going into debt to be able to cover their basic needs while over 30 million people have fallen below the poverty line.
Or maybe it's always been this way, people are just lying less now.
 

hueyville

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At least 20% to 30% of the jewelry (12K &14K chains & rings for scrapping), silver/gold coins, guns, motorcycles and the like have come from construction workers to executives in hard times. Got my Rolex following the 2008 economic crash from a pawn shop that has no sign but a gun shop sign. Most gun buyers left quickly when saw nothing cheap but when wanted two to six Colts, a couple M1a's, etc he would order on a cost plus 10% to 15% markup with no sales tax if paid cash. Guy only takes guns, bullion, jewelry and title pawns on luxury cars. All four of my Springfield SAR 48s came from him. Wife's 17K diamond tennis bracelet set in 18K gold came from his place and she has worn it once in 25 years. I like mining pawn shops when they get overstocked.
 

Black Blade

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Credit Card Losses Are Surging At The Fastest Pace Since The Global Financial Crisis



BLACK BLADE: Banks are cutting back on issuing new credit cards as the losses are piling up. Oddly enough many people are living off credit (cards, HELOCs, Personal Loans, etc.) and the chickens are coming home to roost. Way too many people refuse to pull in their horns and practice a little austerity as they are living on a mix of what's left of their n"easy credit and a maximum dose of "hopeium". They just don't want to give up driving around filling up their tanks with $6 gasoline and eating out at restaurants every night. They need to get a grip as those days are over. People need to get out of debt and stay out of debt, stockpile food and necessities, take inventory and adjust their "emergency fund" monies higher and for the long term. The growing "credit crisis" is looking to get very ugly as foreclosures, evictions and repossessions are on the rise across the land. It will get worse ... much worse.
 

enbloc8

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I remember GP telling of his own "credit crunch" at the time of the Persian Gulf War, and what he learned from it...while I've never been in that overextended of a situation, his story was a major wake-up call for me, and a standard of stability to aim for.
 

TheOtherChris

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If it means going from dining out to rice and beans at home and eliminating the vacations people must get out of debt.
While debt can be used as a tool it is most often a hammer that will crush you when it can.
Stop spending money you don't have.
Do what it takes to pay your debts to zero and then pay the balance in full every month.
You are not a government so stop spending like one.
 

enbloc8

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If it means going from dining out to rice and beans at home and eliminating the vacations people must get out of debt.
While debt can be used as a tool it is most often a hammer that will crush you when it can.
To paraphrase Karl Denninger at the time of the vax mandates, was it worth it to paint yourself into a corner, and put yourself into bondage, for a fake lifestyle you knew you couldn't sustain?
 

Black Blade

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You Will Never Guess What Happened To "The Strong US Consumer" After Today's Huge GDP Revisions


BLACK BLADE: The trailing month revisions on a lot of financial data points make for interesting reading as these analysts struggle to come up with excuses for downward revisions. Especially so when it comes to unemployment data. Sure the numbers look great until you look under the hood and see the numbers of people who have simply given up and are no longer counted in the mix (i.e. U6 and Labor Participation Rate, etc.). Guess they don't want to cause a lot of alarm ...

"Interesting Times"
 

okiefarmer

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'Something Just Snapped': Consumers Panic Search "Pawn Shop Near Me"

View attachment 313280




BLACK BLADE: Could get interesting. Even here in the oil patch as oil and gas prices are rising we have falling rig counts and a lot of industry workers being laid off. Could be temporary but people should always have an emergency fund for sebveral months worth of expenses.
I agree, this cuntry is sinking fast, but there is still a LOT of money out there. I would surmise some of that chart of those searching for nearby pawn shops to be those with cash to get good deals from the ones pawning their “stuff”. Just my two pesos.?
 

Black Blade

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I agree, this cuntry is sinking fast, but there is still a LOT of money out there. I would surmise some of that chart of those searching for nearby pawn shops to be those with cash to get good deals from the ones pawning their “stuff”. Just my two pesos.?
This is just the beginning. People are selling off their crap now. They will sell their good stuff the more desperate they become.
 

Colts4me

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I agree, this cuntry is sinking fast, but there is still a LOT of money out there. I would surmise some of that chart of those searching for nearby pawn shops to be those with cash to get good deals from the ones pawning their “stuff”. Just my two pesos.?
Us old guys have seen a depression or two in our lifetime, we know how this plays out in normal times. Adding 10 million illegals to the situation all needing a place to live and food to eat totally changes the matrix.
 

RG Coburn

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There was a pawn shop up north of me a bit,I used to haunt when i drove by. Got some great deals on stuff,too. Got to know the operator fairly well,he cut me deals. You could always tell when people started running out of money after they got their tax refund. He started seeing stuff come in like lap tops,games,electronic toys,etc. Pawn shops have their place in society. It is quite an old business.
 

hueyville

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Have had several vendors tell me credit card companies have raised the percentage they take from retail establishments. Local Chevrolet dealer is giving a 10% discount on all service work if pay with cash or checks. Heard a figure today on Fox saying since Slow Joe took the helm cost of living and major purchases when combined has average cost of goods from food to new/used cars, houses, etc the average price of everything people buy in U.S. is up 76%. That's huge in three years, except for property taxes have been able to keep our costs reasonable. Just topped off propane tanks and paid $2.01 per gallon which was not as bad as expected. Even added another tank to put more in storage as hedge.

Luckily lots of pawn shops post better inventory online & I have been shopping pawn shops across the country. One Files member told me about a 6.8 Mini 14 at pawn shop near him couldn't afford and purchased cheap enough to double my money if wanted to resell it. Looking for one more as have a goal to have eight factory Mini 6.8s not Mini 30s converted to 6.8 though doing that to one because it's going to be so heavily customized won't be able to return to factory configuration and with only 500 made going to become a collector gun in the 6.8 crowd. With eight could sell three when they see appreciation I expect and five I keep will be free. It's how I have built up the collection I have being relatively low income by many standards. Not ashamed to mine pawn shops, estate sales, buy LEO trade ins then as some guns prices reach silly values sell off my overburden to pay for next genre I see potential faster than average price increases.
 

Pluribus

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Well,

The good news about living in very boring Nebraska is we wont find out about the end of the world for about 10 years. Cheers.

Thorack
Hokemola isn’t far behind with getting the memo.
I enjoy the flyover status of Kansas. Every time I hear what few outsiders we have come through say something about how awful Kansas is, how boring Kansas is, there’s nothing to do, etc. I just smile and say yes, yes it is. Y’all don’t come back now, ya’hear?
 

hueyville

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Kansas is only state I can consistently see three or more tornado's running around at the same time. One of my winter climbing partners is a helicopter pilot for the Kansas Highway Patrol. If I can outrun the cars with luck he will be having bad vision that day. I tend to put both Kansas and Nebraska in my reierview as quickly as possible. Not that I don't like them its just they are in between me and the Rockies.
 

hueyville

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Credit Card Losses Are Surging At The Fastest Pace Since The Global Financial Crisis



BLACK BLADE: Banks are cutting back on issuing new credit cards as the losses are piling up. Oddly enough many people are living off credit (cards, HELOCs, Personal Loans, etc.) and the chickens are coming home to roost. Way too many people refuse to pull in their horns and practice a little austerity as they are living on a mix of what's left of their n"easy credit and a maximum dose of "hopeium". They just don't want to give up driving around filling up their tanks with $6 gasoline and eating out at restaurants every night. They need to get a grip as those days are over. People need to get out of debt and stay out of debt, stockpile food and necessities, take inventory and adjust their "emergency fund" monies higher and for the long term. The growing "credit crisis" is looking to get very ugly as foreclosures, evictions and repossessions are on the rise across the land. It will get worse ... much worse.
Amen brother. I see people driving leased cars, living in rented condos and eating out most meals and I know they don't make big money. My brother has bankrupted twice living like that and my mom signed the family farm over to him including her house two years ago. He and his wife moved into my parents house after he bankrupted second time and they moved into my grandmothers house who had passed a long time ago after a remodel. He was given 90 acres with two homes and barn free and clear. Now each of his kids have a house on tracts he split off for them all with mortgages. He has mortgaged the family house and house mom lives in. I just hope she dies before she is evicted from the farm she was born on and goes back in our family to when Georgia was a British Colony. He tardes his truck when it needs tires because he doesn't have cash to buy new tires, eats out most meals, loves credit which the bank is happy to give him for some reason...
 

Pluribus

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Kansas is only state I can consistently see three or more tornado's running around at the same time. One of my winter climbing partners is a helicopter pilot for the Kansas Highway Patrol. If I can outrun the cars with luck he will be having bad vision that day. I tend to put both Kansas and Nebraska in my reierview as quickly as possible. Not that I don't like them its just they are in between me and the Rockies.
Thank you. It warms my heart to hear such joy. 😈
 

hueyville

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Raytheon has been not strong following covid, Biden, air travel, ending of the GWOT surge, etc. Before the "new" war in Israel experts predicted a 25% gain for Raytheon over the next five years but if the middle east blows up and Raytheon can secure some good contracts like missile defense systems it could easily outpace the 25% five year projections. I am in enough to do o.k. with a 25% gain and not get hurt badly with a 25% loss which is my set sale price if drops from where I bought in.

I usually take a beating when play individual stocks, bought one tech stock at $18, rode it to over $400 and went on five week vacation to Peru. While gone a competitor began selling them short with enough force to break them and after the hostile take over issued me $2 in their stock for every share I paid $18 for. Had I set a "sale" price of say $100 per share before I left to go climbing would not have lost almost $1,800 of my $2,000 investment. Had I not been greedy expecting it to double again and cashed out before I left to go climbing would have been up $40,000ish but believed it was the next Apple story.

All of our annuities/mutual's have done well and one extremely well with a weird valuation that locks original investment at highest value market reaches till take first payout. If market drops to 1 across the scale tomorrow we still are paid out at highest days market closing price over the 14/15 years since opened that account. It was a product to get people back into the market after 2008 crash who were scared and was only offered by a couple companies before the SEC removed the product from the market when the watched it climb to over 3,000 by September 2009. SEC approved this investment for year 2009 (actually a market based form of life insurance) sold from January 1, 2009 till December 31, 2009 but when market had bounced to over 3,000 notified sellers it was being pulled as an investment end of year.

We closed two biggest stock accounts August 2007 when I was diagnosed with brain tumor, had the cash in a money market and when this product came available our advisor got us to put most of what we pulled into it. Pulled two biggest investments at ~3,700, put it back in at ~1,900 in account no matter what happens to market our minimum payout is based on market at ~17,2XX from Jan 2021 high point unless it goes higher before we take our first draw. It was and accident that got us out at a high point and a very good investment advisor that put us in this product near market low point. God can be good to stupid people too. Because its "life insurance" we can turn into monthly draws when we decide need more money to live on and what it locks at pays monthly dividend till we both die, not when its market value is exhausted.

Complicated but we sure are happy when we open our yearly review (don't open monthlies, our guy will call us if needs to) about the time I got sick again got notified had to start taking a monthly draw from account we opened 27 years ago and couldn't pull in 2007 without horrible penalties and required taking monthly draws 25 years from opening which is saving us now. Ammo and guns are like stocks, buy when its low, sell high but not all and keep buying in the "cost averaging" concept and you will have a big pile of bullets in 40 years.
 

hueyville

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Have not worked in two years and 2022 only kept my part time guys working a day or two per month working mainly on these trucks under their old brand before new company swallowed them up. Owner had a gag order and could not even tell his top executives was entertaining an offer to buy them out. Two weeks before company changed hands my guys lettered two new reefers and two new tractors. Week of sale logistics manager ordered decal sets for two more tractors and reefers on Monday to be put on schedule to be lettered the next week. Friday I sent text and he said one rig would be on property Tuesday and other on Wednesday.

This was happening in late February/early March. Monday at 9:00 am got a text said to not letter trucks and could we remark every truck, trailer, sign on property with new name removing the graphics had used for 37 years.

Called my part timers and asked if they wanted two to three days per week most weeks to start but first three weeks would be four to five days each as had to get all the road tractors DOT compliant in allotted time frame. Both said yes and told them to send logos and info for me to send renderings for approval. Got renderings done and approved by following Monday but when they asked cost said "have no idea" if want bids will have to pad everything in case takes more time/materials than guess better to say go and would track time, materials and bill them for actual materials used (said twelve reefers, twelve tractors and twelve dry box trailers would send invoice and if didn't like it to fire us) but remember they had twenty year old trucks still on road with original graphics looking better than the paint under them and retired trailers they removed axles to use for storage I marked 37 years ago and graphics still looked good though paint had faded till could see more raw aluminum than white paint.

Logistics manager took new owner on lot and showed him work done 30 to 37 years earlier using for dry storage, some box trucks I was able to send invoice where they were done 18 years earlier and looked like no more than a few years old plus some other vehicles he knew were over twenty years old and still looked nice. Showed him two trucks where they tried another vendor five years ago and graphics were so faded we're almost unreadable. They turned us loose on 32 reefers and 24 dry box trailers with tractors, fleet of box trucks, vans, pickups, farm trucks like spreaders, landscaping, etc plus all signs from main sign at road to biohazard and visitor parking.

Kept emailing graphics files as each different item was approved, when guys had been going for a month solid removing old graphics and installing new on road tractors along with two reefers and two dry box they said let it rip as were used to northern union shop prices. We are not cheap, not overpriced but fair. Did have to amend some prices on decal removals on trucks that took longer and advised them to send the wrap trucks we didn't mark to their paint shop who uses brush torches to burn graphics off then repaints them. About 1/4 to 1/3 trailers were sent for repaint as once graphics were.removed from some twenty plus year old trailers the paint didn't look good enough for us to install new graphics.

Total ended up 36 reefers as they bought four more reefers and tractors to pull them, 24 dry box, over three dozen other vehicles from pickups to box trucks, all signs at egg farm, pullet farm, etc. Kept two men busy from March till today but got text today from my guys who said entire job was completed. If count the tractors and reefers we lettered in January and February with old brand and then all stripped and remarked plus property signs (still have water tower but not going to start that till spring when I can be on site) one job kept two men busy ten full months as fast as they could go. All I did was about two days graphics work then passed all the production and installation off. Charged fair prices on all and made enough money am in a bind how to spend a good bit before December 31. Since we have an indoor range and do ballistic barriers had company buy $3,000 in test ammo, having my 1993 Dakota restored, paid some bills like insurance through end of term in May 2024, topped off another 1,000 gallon propane tank, a few spare gasoline tanks and way my billing works and their payment processing won't get check for last two months of work till probably second week of January 2024 which will cover most of 2024 overhead.

Everytime burglar alarm pops at work (dang squirrel manages to get into shop from attic once or twice per year setting off a motion sensor) LEOs won't enter my building till I arrive to make initial entry and sweep though there is one ex USMC deputy who fought in Fallujah who will come in on my six with his left hand on my right shoulder using me for cover and back me up with his duty pistol. Have so many partially finished rifles, safe full of finished, room I store bulk of my armor that I resell they want no part of a dark concrete building full of AR 15s, AR 10s, FN FALs from pile of parts separated for planned build, some partially to almost finished to just needing upper and lower snapped together. Because I let cops and firefighters use my range, my guns and my ammo plus drink my coffee they know have ammo in piles, military grade overt rifle armor and helmets in piles they let me turn key on door and start the sweep as I know every doorway, blind spot, light switch but always come in parking lot totally kitted up to a PVS-14 on my helmet, suppressed SBR in hand and select fire M11a1 in drop leg rig with twenty round mag and opposite side have drop leg mag pouch with three fifty round mags for the M11a1.

Have been saving and trying to not overbuy ammo in order to purchase a pair of Gen 3 dual tube stereo goggles and looking at company checkbook the money is there to buy my new NOGs easily so sent email to CPA to see if thinks IRS would disallow them as a write-off if audited. Been audited over a dozen times buy multiple agencies and never had anything found wrong. Usually they find a few things we didn't deduct as questionable they say are allowed and get a check from IRS so audits don't happen much anymore. CPA thinks to use for securing the premises and with my security work (have primary business, security business, my publishing business and another all under same corporate veil) thinks they will be fine to write off but going to have assistant do some research then consult with partner on Friday before saying yes for sure. After filing a $4,000 loss on 2022 to turn a profit sitting at home or laying in hospitals most of 2023 again to have a fairly profitable year off a single job done by my part time guys stepping up is a blessing from God.

Picture below of reefers (more were still loading) ready for drivers to start pulling out at midnight tonight is less than half their units. All 36 reefers will cover the S.E. with eggs all day Thursday and Friday then they get loaded over the weekend and leave out again Sunday midnight to deliver eggs all day Monday and Tuesday. This does not count the companies like Walmart that send trucks to pick up their eggs instead of paying for delivery. Have one client that asked a favor for one of my part timers to do next week and then don't plan to take another job this year. Called work today and when logged into voicemail machine telling me there were 46 messages (1 in 3 will be asking for work, most will be spam) I punched out and going to ignore and keep up with only responding to text messages from clients don't want upset. Most work the guys can't do without me there but this job was a fluke me being able to handle from the bed.

KIMG0123~2.JPG
 
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