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In crisis, Chanel becomes more valuable than cash
Washington Post ^
| 7/7/15
| Ylan Mui
Posted on 07/07/2015 11:57:05 AM PDT by Kartographer
Even those who have hoarded cash fear that the value of the euro will plummet, or that a return to the drachma could leave them stranded with the wrong currency.
And so 48-year-old Sophia Marcoulakis is considering converting her cash into something more stable: a designer handbag.
Its a luxury the mother of two never would have allowed herself before the banks shut down. But now she considers it an investment, a tangible possession that the government cannot take away.
You have a feeling that money has lost its value, said Marcoulakis, a corporate lawyer. Its just a number.
(Excerpt) Read more at washingtonpost.com ...
TOPICS: Business/Economy; Foreign Affairs
KEYWORDS: chanel
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To: Old Sarge
21
posted on
07/07/2015 12:08:31 PM PDT
by
SaveFerris
(Be a blessing to a stranger today for some have entertained angels unaware)
To: dware
22
posted on
07/07/2015 12:09:19 PM PDT
by
Enterprise
("Those who can make you believe absurdities can make you commit atrocities." Voltaire)
To: Kartographer
Personally, I’d go with guns, ammo and food, but to each his/her own.
23
posted on
07/07/2015 12:09:23 PM PDT
by
WayneS
(Yeah, it's probably sarcasm...)
To: Old Sarge
I recommend the novel “Two Women” by Alberto Moravia as a guide to how to prep and, especially, how NOT to prep. It takes place in occupied Italy during the war. Not only a great book but told me what to save and what not to. Definitely toilet paper!!!
24
posted on
07/07/2015 12:09:35 PM PDT
by
miss marmelstein
(Richard the Third: "I should like to drive away not only the Turks (moslims) but all my foes.")
To: miss marmelstein
I guess it depends on how many rounds can be stored inside it.
25
posted on
07/07/2015 12:09:51 PM PDT
by
WayneS
(Yeah, it's probably sarcasm...)
To: palmer
26
posted on
07/07/2015 12:10:35 PM PDT
by
WayneS
(Yeah, it's probably sarcasm...)
To: miss marmelstein; Presbyterian Reporter
just my opinion but I favor silver. It’s easier to make change for an ounce of silver vs an ounce of gold.
27
posted on
07/07/2015 12:12:00 PM PDT
by
muir_redwoods
(Freedom isn't free, liberty isn't liberal and you'll never find anything Right on the Left)
To: Marcella; JRandomFreeper; Old Sarge; ChocChipCookie; greeneyes
Marcella does Chanel Bug Out Bags? ;)
28
posted on
07/07/2015 12:12:30 PM PDT
by
Kartographer
("We mutually pledge to each other our lives, our fortunes and our sacred honor.")
To: WayneS
29
posted on
07/07/2015 12:15:07 PM PDT
by
Kartographer
("We mutually pledge to each other our lives, our fortunes and our sacred honor.")
To: Kartographer
I convert money into lead, copper, brass, primer and powder at every opportunity.
30
posted on
07/07/2015 12:15:42 PM PDT
by
exnavy
(Gun control is two hands, one shot, one kill.)
To: Presbyterian Reporter
"Japan has seen their yen drop from 130 to 80 in the past two years." This is a good thing for the Japanese. Look at it like this. I was in Japan when the yen was 300 to the dollar. Say you bought a bottle of beer for 300 yen. You paid in essence, a dollar. Years later, when the yen was 100 to the dollar, the same beer would cost you three dollars. When the yen is low like this, Japanese tourism to America increases, and American tourism to Japan decreases. The "higher" the yen goes, the better it is for Americans. And of course, by higher I mean that you can get more yen for the dollars, not less.
31
posted on
07/07/2015 12:15:45 PM PDT
by
Enterprise
("Those who can make you believe absurdities can make you commit atrocities." Voltaire)
To: Kartographer
32
posted on
07/07/2015 12:16:20 PM PDT
by
2ndDivisionVet
(You can help: https://donate.tedcruz.org/c/FBTX0095/)
To: Kartographer
Good move, Sophia! (idiot)
To: Old Sarge
34
posted on
07/07/2015 12:17:05 PM PDT
by
Kartographer
("We mutually pledge to each other our lives, our fortunes and our sacred honor.")
To: WayneS
35
posted on
07/07/2015 12:18:43 PM PDT
by
SaveFerris
(Be a blessing to a stranger today for some have entertained angels unaware)
To: Kartographer
Screw the handbags. I’ll bet with water shortages after TSHTF, people will be bathing far less. Which will make Chanel #5 worth it’s weight in diamonds.
36
posted on
07/07/2015 12:19:20 PM PDT
by
Bloody Sam Roberts
(Extremism in the defense of liberty is no vice. Moderation in the pursuit of justice is no virtue.)
To: muir_redwoods
37
posted on
07/07/2015 12:19:33 PM PDT
by
miss marmelstein
(Richard the Third: "I should like to drive away not only the Turks (moslims) but all my foes.")
To: Kartographer
>>If the plan is for them to take money from all your bank and retirement accounts as well as from your safety deposit boxes how long do you think that they would let you keep gold?<<
And, of course, there will be no unintended consequences.
38
posted on
07/07/2015 12:25:42 PM PDT
by
NTHockey
(Rules of engagement #1: Take no prisoners. And to the NSA trolls, FU)
To: miss marmelstein
Executive Order 6102
They can take your gold.
39
posted on
07/07/2015 12:27:26 PM PDT
by
smoky415
(Corporal Smoky - WWII Hero Dog)
To: Kartographer
I guess when things go to he’ll in a handbag she’ll be riding first class.
40
posted on
07/07/2015 12:42:13 PM PDT
by
CrazyIvan
(I lost my phased plasma rifle in a tragic hovercraft accident.)
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