[jsanders2001]

Have already started considering yanking my savings out of the bank so Obama(care) can’t steal it.

[Bon mots]

Have already started considering yanking my savings out of the bank so Obama(care) can’t steal it.

He doesn't have to confiscate the actual banknotes, he can make them worthless instead, which is the way it is already being done in the USA. It is called QE.

So take your millions out and hide them in your mattress. After a couple of years of unlimited QE they will buy a loaf of bread.

But you will still have your money, right?

[DH]

“Have already started considering yanking my savings out of the bank so Obama(care) can’t steal it.”

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Obama has already started stealing your money and there is nothing you can do about it. You can’t pull it out of the bank and bury it in the back yard and you can’t hide it anywhere that it will be safe from him.

It’s called INFLATION!

The only way to hedge inflation is to use your cash to purchase actual physical property and materials.

For instance: Buy a car for $25,000 today or you can wait until Obama gets through with you and the same car will cost $50,000 next year...and you won’t be able to afford it.

As far as precious metals go, take the gamble but don’t cry when that market crashes...and it eventually will.

[BillM]

Since interest rates are so low, take your money out of savings accounts and put it in a Safe Deposit Box in the same bank. They Can’t touch it there and you can take some or all of it any time.

By the way, for every dollar you switch this way, the bank will need to come up with $20 of capital!