This vision came to mind: 
Posted on 08/26/2015 12:33:19 PM PDT by SatinDoll
Oh yes, remember the banks cleaned up their balance sheets and closed all those pesky derivative trades....
Right?
"NEW YORK – This spring, traders and analysts working deep in the global swaps markets began picking up peculiar readings: Hundreds of billions of dollars of trades by U.S. banks had seemingly vanished."
“We saw strange things in the data,” said Chris Barnes, a former swaps trader now with ClarusFT, a London-based data firm."
Except.... they didn't vanish.
They went overseas, but are still there.
Just remember, it was CDS and IR products that blew up the world last time, and you were told that was cleaned up.
Was that a lie, and given what's going on in the markets now.....
'Just saying....
Get out of all markets. Don't give me crapola about how you're now invested in money markets, as someone else is handling your so-called investment.
Obama intends on seizing all 401K accounts to pay for Social Security. He doesn't really know what he's doing; he's just taking orders.
Get out! Get out! Get out!
Already did, late last year. :)
I love Free Republic but if I followed the financial advice given here, I would be broke and on the street with a sign begging for money or blankets.
My bank “froze” my account today. I made a deposit from another bank, which is always available the next day. This AM I got a message from my bank not to draw on the funds for 10 days so the funds will have time to clear. So I have no access to these funds from ether bank. I have heard the same story from a friend in another bank.
And so it begins . . .
What about all those ‘stress tests’ that were given to the banks all these years. Weren’t we told most of them were okay? The ones that were marginal I thought were instructed to adjust their balance sheets accordingly.
You don’t suppose all that was a (dare I say it?) too?
The advice is worth what you pay for it.
Have you been structuring?
lol
“I love Free Republic but if I followed the financial advice given here, I would be broke and on the street with a sign begging for money or blankets.”
I find the financial advice here quite useful. Just do exactly the opposite of what these FreeRepublic financial experts recommend.
You don’t have to take my word, or Free Republic’s word, for what is happening. It is all mathematics:
Barnhardt covered this in detail in the following video she put out 33-months ago.
The Economy Is Going To Implode
https://www.youtube.com/watch?v=7bA_NbYSaGM
The following is by Stefan Molyneux of Freedomain Radio
There Will Be No Economic Recovery. Prepare Yourself Accordingly.
https://www.youtube.com/watch?v=bYkl3XlEneA
Good luck.
That’s good.
Was it over $9,999.99?
People won’t listen until the market drops 30-40%, and even then.....they won’t listen. Greed is a powerful motivator. If people heeded the warnings, they would be steadily getting out. But today’s schizophrenic surge has convinced those who got out to get back in! Insanity, driven by greed. Because of that, the collapse will be sudden and devastating.
Personally, I prefer Dave Ramsey’s advice.
This vision came to mind:
Following Dave Ramsey’s advice will take you a long way to financial peace.
Used to read all those Disney comics as a kid. Learned a lot from Uncle Scrooge.
HOW!...and then WHERE to put it?
Do a web search on Regulation D. It will explain what happens when you cash a large check. In the past, my credit union put 14 day holds on checks that should only have 5 day holds. I didn't complain at the time, because I didn't the money....
Used to read all those Disney comics as a kid. Learned a lot from Uncle Scrooge.
The one I liked best was when a tornado hit, sucked up all of Scrooge's gold and redistributed it across the countryside, where the people gleefully grabbed all they could.
A bystander asked Scrooge why he wasn't upset at losing all his wealth. He said that he soon have it all back. He began selling stuff to the people who had his gold. Sure enough, he soon was porpoising in his pile of gold coins again.
I have a guaranteed rate of return equal to the interest rate on the debt I’m getting rid of.
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