Posted on 03/28/2013 2:00:26 PM PDT by Beave Meister
On March 28, billionaire investor Jim Rogers appeared as a guest on the CNBC program, Squawk on the Street. During the four minute interview, Rogers was pointedly asked if what occurred in Cyprus was a one time deal, or if this is now a template for the future of Western economies and banks. Without hesitation, Rogers said that this is going to happen, and taking people's money from their bank accounts is a certainty as both the IMF and ECB have already condoned it in their precedent.
CNBC Host Carl Quintinella: What's your appetite on Europe at these levels?
Jim Rogers: No, I'm certainly not buy there. It's pretty scary what's going on in Europe when they start taking money out of people's bank accounts. I for one am making sure I don't have too much money in any single bank account anywhere in the world now because now there is a precedent Carl. The IMF has said sure, loot the banks accounts. The EU has said loot the bank accounts. So you can be sure in other countries when the problems come are going to say, well, it's condoned by the EU, it's condoned by the IMF. let's do it too.
(Excerpt) Read more at examiner.com ...
Thanks.
Thank you. It’s cold where I am, and only about 12 inches of water precipitation per year (lower now, with the drought). Bags of rice would freeze down to -30 F or lower in a plastic-lined, steel bin in an unheated shed (saw -34, F once this winter). A more immediate concern is routinely running enough oxygen through my own body to try to live a while longer at over 9,000 feet (exercise to fill in when not working hard).
Our rice has been down to about -17F and even drier here than where you are.
THX
My eighty three year old father just today, out of the blue, told me that he recommended that I start getting a cash supply on hand.
I asked him why? He just said that he was feeling the same vibes that we were are about to see a repeat of FDR’s raid on the Banks, accounts, secure safe deposit boxes aren’t safe under this administration.
I think that this is now inevitable. The push by Obama and the Democrats for more severe control is a key item to me. Disarm us and nothing is safe from this administration.
Since banks don’t pay you squat to keep your money in banks anymore only keep enough there to pay your bills. The rest, keep it at home in a secure place. Only hold $20 dollar bills and smaller. If the banks close for a week, nobody will be able to cash a $100.00 bill.
With the lathe and milling machine, there's not too much I can't figure out how to make happen. Forge probably won't be set up until summertime. The garden and the mud-brick bread oven eat up most of my outside time right now.
/johnny
I’ve had a huge bag of white rice in the freezer for five years now. Just today I took another scoop of it out for split pea & rice soup. It’s fine.
if the leftist raid our banks, you all know that those with defined pensions won't be bothered....which is virtually ALL the govt workers...
like communist Russia, the party people...aka the gummit workers....get it all....
what did you do with your 401?....I’d love to cash it in but I’ll be taxed way too much of it...
if govt decides to take your money, there is nothing that any of us can do.....its a done deal....like in Cyprus, they’ll close the banks so you can’t get money out then restrict what you can take out...
I gave it to a woman that hates me and a lawyer who's kids depend on me to get through college.
/johnny
“Seems to me that as long as the US Treasury can print new money there’s no need to steal our bank accounts.”
Confiscation seems like the best route for the central banksters. Forced conversion of pensions to treasuries would require stock liquidation and a sell off with a market collapse. Monetary expansion will produce inflation, but excessive printing would risk hyperinflation and default/collapse.
The banksters will continue to print, but to avoid default, they will need to steal in the form of various wealth taxes and confiscation schemes. Gold confiscation may be next?
By 'excrement' I take your meaning as 'bullets. By 'fan' I take your meaning as 'politicians'.
Under those terms I agree.
“What happens to your 401K if you have replaced the digits with gold. Can the Feds attach your gold as well as the cash in your 401K”
Self directed IRA with purchase of gold coins (not bullion bars) allows for physical possession by the owner.
I've missed the wood-fired horno since I left New Mexico, and decided I'd build one here anyway. I've got 12" of topsoil, 8" of sand under that and lots of clay underneath it, so material comes from the property. It's just a matter of digging it out, mixing it up and building the oven.
I had some adobe lessons while I was in New Mexico, so I know the basics.
I've cooked in several types of wood ovens over the years, but the best bread I ever baked was out of a mud-brick horno.
/johnny
Adobe is good stuff. A man from southern CO did a lot of study and experimentation with it for a university fellowship. We don’t have much suitable clay much farther to the north here, but there are more than enough rocks. And stone masonry is fun, too. We’ve managed to blend some random rubble methods with near-contemporary mortar mixes, steel in something more durable than the usual grout, etc.
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