Posted on 03/19/2013 5:34:38 AM PDT by Kaslin
buy some flowers, maybe a cheap urn.
Most likely here they will do it a little slicker. There will be a 5 day banking holiday and when the banks open back up there will be a new dollar. It will take 3 old dollars to buy 1 new dollar. Viola’ a 66% devaluation. So if you had $10,000 you now have about $3,300
Why do you think they are coming for our guns?
Problems? What problems? What Constitution?///
/Pelosi (and Boehners on our side) et al.
You’re welcome. What I posted is just a bit of critical thinking; thinking out the logical consequences of what is proposed. That’s the real problem with Americans today. As a whole, Americans are not trained or inclined to think critically and logically.
Ping to Article.
[Did the the author intend using the word insurrection instead of resurrection?]
Then check out graphic at # 3 , and comments # 7 , esp # 10.
Will welfare checks be reduced by ten percent? Five percent? No? Why not? Congress won't be reducing their income, either.
Cypriots problem will be Russia. Oodles and oodles of Russian cash is saved in Cyprus. This could quickly get ugly. Many moving parts. The worst part is uncertainty if the vote does not occur.
Russia wants a new Navy base, since their current one in Syria is in jeopardy....no better spot for one than Cyprus.
So Munnell proposed to Clinton an idea! Let’s just go out there and seize 15% of the outstanding balance of every IRA and 401k.
Any bets that O&CO will run with that idea?.
National planning Cyprus-style solution for New Zealand
With the finance minister of New Zealand proposing the same looting of bank account, it raises the threat factor of bank confiscations around the world.
Importantly, cash withdrawals from US banks may already face a tangible threat, because only 5% of US daily retail is backed by paper currency. So literally, if you want to withdraw over a thousand dollars at a time, when others do, every branch bank in the US could be depleted quickly, and the banks would have to limit or forbid withdrawals. (Which they can now do legally on their own.)
Bottom line: if you think you may have to withdraw a lot of cash from the bank to protect it, begin by doing so now in limited amounts. It will gradually reduce your overhead in the bank, while giving you a cash cushion in case things go sour in a hurry.
On the plus side, solid and fireproof cash boxes are now very popular in the stores.
Thanks for the ping to a very good thread, LucyT.
Socialism Is Legal Plunder - “The Law”; Frederic Bastiat 1801-1850
http://bastiat.org/en/the_law.html
h/t zerohedge poster “rfwashere”
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