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

To: MrB

Well, if you can hang on to your cash savings when the HI comes, though the value of your holdings will be next to nil for a while, when it’s over won’t you be holding cash that’s worth far more than it was when you put it in? Isn’t it like those folks who bought houses before the last HI and were then able to sell them for a fortune 20 years later? I’m holding on and waiting and seeing. I cashed out some of my 401K when the market was in the 13s, and I’m glad I did, but getting bumped into a different tax bracket due to the income, and the 10% penalty bite got me in dutch with Uncle Revenue for a couple of years.


29 posted on 04/21/2010 7:48:15 AM PDT by ichabod1 (Can around 25-30% moonbat base really steal the country from us and hold it?)
[ Post Reply | Private Reply | To 6 | View Replies ]


To: ichabod1

They’ll do a “currency reset”
where they force your “cash holdings” to be revalued in another currency. It may be called a “dollar”, maybe not. Could be an “Amero”. Either way, you won’t be able to hold onto your dollars until hyperinflation is over.


31 posted on 04/21/2010 7:50:19 AM PDT by MrB (The difference between a humanist and a Satanist is that the latter knows who he's working for.)
[ Post Reply | Private Reply | To 29 | View Replies ]

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