Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Billionaires are hoarding piles of cash
CNBC ^ | 22 Sep 14 | Robert Frank

Posted on 09/22/2014 4:15:05 PM PDT by SkyPilot

click here to read article


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-88 next last

Re:Alibaba

“come with me, I will take you to a house of ill repute, where we will be killing you and robbing your pocket souls...”


21 posted on 09/22/2014 4:53:28 PM PDT by mylife
[ Post Reply | Private Reply | To 15 | View Replies]

To: mylife

Holy chit.


22 posted on 09/22/2014 4:54:15 PM PDT by laplata (Liberals don't get it .... their minds are diseased.)
[ Post Reply | Private Reply | To 15 | View Replies]

To: laplata

Seriously did anyone but into Alibaba?

All the market was a tizzy.


23 posted on 09/22/2014 4:55:32 PM PDT by mylife
[ Post Reply | Private Reply | To 22 | View Replies]

To: grumpygresh

Small bills will attract far less attention than 50s or 100s would in our estimation. We are well over a couple of thousand put back now and each pack of 100 fits in a standard number 10 envelope. I suppose eventually we will have to convert some to 20s, maybe when we hit 40 envelopes. It’ll start to crowd out the weapons in the safe. LOL

The point is we have done something when a whole lot of other folks have done nothing.

L


24 posted on 09/22/2014 4:56:04 PM PDT by Lurker (Violence is rarely the answer. But when it is it is the only answer.)
[ Post Reply | Private Reply | To 17 | View Replies]

To: Lurker

You’re smart to save the smaller denomination bills.

I have a lot of $1’s and $5’s.


25 posted on 09/22/2014 4:56:30 PM PDT by laplata (Liberals don't get it .... their minds are diseased.)
[ Post Reply | Private Reply | To 7 | View Replies]

To: laplata

I don’t know how smart we are, but we do learn. If we need to we can always go to the bank and exchange them for larger denominations. But for now knowing there’s a nice pile of small bills put back is comforting. Just in case.


26 posted on 09/22/2014 4:58:10 PM PDT by Lurker (Violence is rarely the answer. But when it is it is the only answer.)
[ Post Reply | Private Reply | To 25 | View Replies]

To: Lurker

And if you must make an emergency purchase for a $4.00 item and give them a $20.00 and they don’t have change, you’re out $16.00.


27 posted on 09/22/2014 5:00:01 PM PDT by laplata (Liberals don't get it .... their minds are diseased.)
[ Post Reply | Private Reply | To 24 | View Replies]

To: Lurker

I wish I had invested every dollar in fire arms.

Ahh Hindsight


28 posted on 09/22/2014 5:01:07 PM PDT by mylife
[ Post Reply | Private Reply | To 26 | View Replies]

To: mylife
It’s all paper and its bleeding out fast.

Amen, it is only paper. The love of money is the root of all evil. Not money itself, and God knows we need things. But that paper won't save any of us, in this life, but especially in the next.

29 posted on 09/22/2014 5:01:09 PM PDT by SkyPilot
[ Post Reply | Private Reply | To 11 | View Replies]

To: laplata

Re: having lots of smaller denominations - the question I ask is, during an emergency, how much does a bottle of water cost? The answer is, the smallest bill you have. So while saving stacks of $20s is worthwhile, it is also worthwhile to have some singles and fives around. I’d rather buy a $5 bottle of water than a $20 bottle.


30 posted on 09/22/2014 5:01:14 PM PDT by T. P. Pole
[ Post Reply | Private Reply | To 25 | View Replies]

To: SkyPilot

Amen.


31 posted on 09/22/2014 5:03:09 PM PDT by mylife
[ Post Reply | Private Reply | To 29 | View Replies]

To: ChildOfThe60s
My personal attitude is, if you think what *I* have earned and *saved* is worth dying for, then come take it....if you can.

In the old Soviet Union, Communist China, and North Vietnam.... "Horsing" certain items was a crime punishable by prison, hard labor, or worse. Amazing what we have become.

32 posted on 09/22/2014 5:04:46 PM PDT by SkyPilot
[ Post Reply | Private Reply | To 18 | View Replies]

To: SkyPilot

Or as Bernadette Peters said in “The Jerk”.

“I don’t care about losing all the money, it’s losing all the stuff.”


33 posted on 09/22/2014 5:06:32 PM PDT by dfwgator (The "Fire Muschamp" tagline is back!)
[ Post Reply | Private Reply | To 29 | View Replies]

To: T. P. Pole

I’d rather pump up water for 5 houses for $5 electric every 3 months.


34 posted on 09/22/2014 5:07:34 PM PDT by mylife
[ Post Reply | Private Reply | To 30 | View Replies]

To: Lurker

“It’s our SHTF cash stash.”

You are solid in a deflationary crash. As much as I despise the Federal Reserve your under the mattress cash stash will be fine. Those who put FR notes in banks will get screwed

In a hyper inflation your cash gets worthless quickly.


35 posted on 09/22/2014 5:07:38 PM PDT by dennisw (The first principle is to find out who you are then you can achieve anything -- Buddhist monk)
[ Post Reply | Private Reply | To 7 | View Replies]

$5 each every 3 months.


36 posted on 09/22/2014 5:08:56 PM PDT by mylife
[ Post Reply | Private Reply | To 34 | View Replies]

To: mylife

We have plenty of firearms. Ok I know you can never have too many, at least not until the floor joists start to sag. I put $$ into ammo and skill. I was buying that Lake City surplus green tip from Ammoman back when it was $199 per thousand delivered. Same thing with the 7.62 of both lengths and the .22LR.

Every time I went to Cabelas a brick or two of the .22 went into the cart. I look like a damned genius now! LOL. Only thing I wish I’d bought more of was that mil-surp 12 gauge buckshot when it was 2 bucks a box. Only have a few hundred of those. Oh well.

I have enough components to replenish all the brass we have, although primers are outrageously expensive anymore.

And I do wish I’d laid in 10 pounds or so of Reloader 12 when it was cheap. They don’t make it anymore and it’s my favorite powder for .308.

L


37 posted on 09/22/2014 5:10:26 PM PDT by Lurker (Violence is rarely the answer. But when it is it is the only answer.)
[ Post Reply | Private Reply | To 28 | View Replies]

To: T. P. Pole

Also, the same logic (IMO anyway) applies to bullion.

Nothing ever plays out as we expect, but I figure 1 oz silver bars will be more practical in SHTF than 1 oz gold. If it becomes so bad we have to barter.


38 posted on 09/22/2014 5:11:27 PM PDT by ChildOfThe60s ((If you can remember the 60s.....you weren't really there)
[ Post Reply | Private Reply | To 30 | View Replies]

To: Hot Tabasco
Good. Eventually you can do this:

I've always wondered why Uncle Scrooge liked his money baths. Seems like it would be more painful than anything.

39 posted on 09/22/2014 5:12:03 PM PDT by boop (I was unaware that beating up people is wrong. Until the NFL seminar told me.)
[ Post Reply | Private Reply | To 19 | View Replies]

To: dennisw

“In a hyper inflation your cash gets worthless quickly”

Silver won’t. Just saying. Nor will 1/10 ounce rounds of gold.


40 posted on 09/22/2014 5:12:07 PM PDT by Lurker (Violence is rarely the answer. But when it is it is the only answer.)
[ Post Reply | Private Reply | To 35 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-88 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson