Our family has invested heavily in precious metals to combat Obamanomics...
Mainly Lead and Brass...
Posted on 02/27/2009 7:14:30 PM PST by quesney
Recent posting by Candor7 is worth its own discussion.
What are you doing to protect you and your loved ones from Obanomics?
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From: Candor7 (Freeper)
To: True Republican Patriot
Well, I have moved ALL of my family savings and prtfolio to Montreal. We are liquidating everything and sending it to the country that has the most stable banking system in the world. Anyone can do the same inside the USA by opening an account at a Canadian branch bank, and putting money into an account, and then investing in bearer bonds or preferred shares in the bank, redeemable here in the USA, or in Canada.
My FA in Canada said that the US banking system is essentially kaput.
Obama's goal is to destroy the wealth of the so called "ruling class" of America, and then drive them out of the country if he can.
Dow at 5000 by the end of March is a big fall, I expect 6000 to 6500, but if it goes to 5000 by the end of mArch, we will be at ZERO by August.
Right where Obama wants us, so he can begiin to use fascist tecniques on contolling the populus. Oh yes. I wish I was paranoid, but its all too real folks. And we are running out of time.
53 posted on 02/27/2009 4:45:42 PM PST by Candor7 (Fascism? All it takes is for good men to say nothing, member NRA)
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You, sir, are thinking ahead.
Guess all is well unless your SS is part of the cash move.
How about running in circles, screaming and shouting? Should I do that too?
When it happens it will be like in Argentina in 2001.
Not much of a warning for obvious reasons.
Question: What is the purpose of the last step of purchasing shares in the bank or bearer bonds?
Are the funds not safe simple in the account? If not, why not?
“How about running in circles, screaming and shouting? Should I do that too?”
If it make you feel better.
I hate to say it, but you are doing the right thing. We became weak, and were conquered without a shot, and very few shouts.
Ammo, and lots of it.
Thanks for the Montreal tip for banking. We were looking at Swiss Francs and even Singapore or New Zealand. The Swiss may have problems too and the franc isn’t tracking all that well.
How much confidence do people have in the Canadian dollar?
We are mostly in cash, some still stuck in the market. We think we have maybe three months to work out the plan before things start reversing.
We were looking at stocks up until mid December, but I saw 7000 coming. And who knows what the bottom will be, the market sure isn’t voting for Obama.
mark
Our family has invested heavily in precious metals to combat Obamanomics...
Mainly Lead and Brass...
bookmark
Or is it beaver bonds (the canuck national critter)?
sailboat+keg-o-rum+bahamas
We hear about economic crisis all around the world, but I’ve heard very little about the state of Canadian economics. How is it?
Joining the ‘starve the beast’ crowd, pay minimal taxes as to make the debt-to-income ratio so sick even a democrat voter would wake to it. If President Einstein tanks the market, the spaghettio’s are stocked in the cupboard
Hear Hear!!!
Saw a guy on tv today. He was really proud about only losing 4% in the mutual fund he runs. Sick. He goes in cash while congress is in session and then the market when they are on vacation. Sick. Reminds me of gamblers who like to play even if they lose.
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