Posted on 03/16/2013 6:23:53 PM PDT by Kartographer
Over the last few years political and financial leaders in Europe and the United States have implemented policies, regulations and bailouts costing global taxpayers trillions of dollars with the promise that these measures would lead to economic growth and recovery.
What happened in Europe today is yet further proof that nothing theyve done has fixed the underlying fundamental issues surrounding the events that led to the crash of 2008.
For those who dont believe the government is prepared to take extreme measures that may include the seizing of retirement accounts, cash savings or even gold, look no further than Cyprus, the latest recipient of bank bailouts.
As of right now, citizens of Cyprus are scrambling to withdraw funds from their bank accounts after the EU, with agreement from the Cypriot government, announced they will decimate funds held in personal bank accounts to the tune of up to 10% of existing deposits.
(Excerpt) Read more at shtfplan.com ...
That’s my plan, too. So far it’s working perfectly!
Should also add that supposedly, Cyprus banks were being used as a safe haven for Russian “Black money”, which was allegedly really KGB money. If that’s true, any guesses as to how Russia will react to having all their assets locked away?
That’s a great point...would these schyster’s offer to pay you lump sum for your SS? I doubt it. They no the *true* value ;)
Thanks for the reminder. Do/plan for the opposite of what they tell you.
The EU was a bad idea. We studied this back in the 90’s when it all happened. In our MBA class, we knew it would fail.
Ta-da!
Just wait until Obama fails.
YOU AIN’T SEEN NOTHING YET.
That’s why I’m not contributing to the 401(k) at this time. There is, after all, a socialist infestation in DC.
My Corp/Personal CPA just notified me that all IRS refunds will be made electronically - no more paper checks - so they'll a copy of a canceled check for account and bank routing numbers to make the deposits. That truly gives me the creeps, since it's in 0scumbagCare's 2,700 pages, from the several summaries I've read.
I assuming that Gov't SSI, Medicare, Military, SSI Disability etc checks will be treated the same way, since they're "trying to save postage and delivery time labor"; I call BS on that crap excuse, considering where we're heading right now, and over the next 4 marxist/socialist/racist/massive-income-redstributive years.
This is all going to get worse by factors if they register/confiscate firearms & ammo, and the gutless, criminal, corrupt US Congress allows/helps it to happen.
YMMV. Contents may settle while shipping... etc.
Actually, cash would still have value.
The reason is that there would be thousands or millions of folks heading to the ATM to get cash, and they WON’T GET ANY.
So any cash that is out there and already in circulation would be premium.
Russian government has long time cried about individuals and businesses storing their money in Cyprus. ‘Your money has to work at home!’ So, who knows.
Save it in nickels (and copper pennies if you feel like sorting out the 1982 and later zincs). Nickels are hard to steal, and will hold value regardless of inflation/deflation (never worth less than $100/box, rises with inflation).
The transvestite LaGarde and the NWO bankers must be stopped.
The Washingtonians from both parties intend to steal everything not nailed down from those outside DC and then bug out under military protection when the collapse comes and the riots start.
An electorate that elected Clinton and Obama twice and gave algore the popular vote is no different than the Venezuelans and Cubans electing Chavez and Castro; stupid and dangerous.
It’s all over but the shouting for the 1st American Republic, it is predictably self destructing due to the imposition of Universal Suffrage.
Honest Ape mortally wounded the Republic when he brutally attacked and murdered the sons of the Founders, the last 150 years have been merely death rattle.
For some reason that thread was deleted.
Better have silver, too, unless you want to give away a gold Philharmonic for a loaf of bread instead of parting with a couple of silver dollars.
Sinclair - One Of The Most Important Events In History & Gold
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/3/16_Sinclair_-_One_Of_The_Most_Important_Events_In_History_%26_Gold.html
Today legendary trader Jim Sinclair told King World News we have just witnessed one of the most important events in history and it will have a major impact on the gold market. Sinclair, whos father was business partners with legendary trader Jesse Livermore, had this to say in this extraordinary and exclusive KWN interview:
The wire reports on the Cyprus situation are working overtime to try to make the case that 80% of the deposits belong to the people of Cyprus, and only 20% of the deposits belong to the Russians. Thats absolutely false. After 1985, when the Robber Barrons of Russia took over the general economics of Russia, that was the transformation from the KGB to private business. The primary place for exported Russian funds was Cyprus.
Now, there is one leader in the world that would be very dangerous to challenge and that is Putin of Russia.
Whats just happened is the IMF has backed up, lauded, supported, and publicized, as if it were a victory, the taking of 10% of what really turns out to be 80% of Russian black money. Russian black money is KGB money, now in business. The leader of Russia (Putin) was a former KGB official. Whose money do you think they have taken? This is the biggest mistake the IMF could possibly have ever made.
Eric King: Jim, its unimaginable to me, but, incredibly, just ten days ago in a KWN interview you warned that you dont want to anger Russian leader Putin because he and Russia will punish the West in the gold market. Can you talk about how this is going to impact the gold market beginning on Monday?
Sinclair: What would you rather have, an insured bank account by the BIS, FDIC, ECB, when any government can come in and take 10% of your account and treat that as if you are paying a tax for monies that were lost because of devious actions by the banks themselves, or gold?
Eric King: Will the Russians take their revenge in the gold market? Is that one of the places they will seek revenge?
Sinclair: The answer is that this is one of the most important events in modern times for the popularity of holding gold rather than holding fiat money. This is the catalyst that will propel gold through the $1,600 level. To prevent a break above $1,600 in gold would take extraordinary efforts on the part of any manipulator in the marketplace.
Its very dangerous in doing business with the Russians, to lose their money. Revenge will be very much a part of the motivation for what happens from this point forward. This type of event will take us out of the $1,500s and we may never see those prices again in our lifetimes.
Was a request by the owner of the thread (duplicate).
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