March 30, 2014 at 2:00 am #5266
Yes, please research Hannah. When you don’t have an evil mindset its hard to fathom what true evil really is and just far it will go. I know that when I first realized what was really going on it was a very hard pill for me to swallow. Now nothing surprises me anymore. All we can do is get prepared now.
Another thing to research is the best way to hedge your savings. At this point it is hard assets, ie. precious metals and not in the form of ETF’s (paper). If you aren’t physically holding it you don’t own it. Lot’s of people holding ETF’s are going to be very upset when they attempt to take physical possession of it and find out its all fraud…..(paper is being sold with nothing backing it.)
I wonder what Selco’s take is on the importance of PM assets during times of SHTF is??? From what I know is that food would be most valuable and in times of shortage people will not trade their food for your gold & silver, even though there is always someone out there capitalizing on such things hoping to make it rich when it all ends. The reason I have some PM’s is not to get rich or barter with it in SHTF, but maybe I need to get from point a to point b and someone will look the other way if I offer them something of value. I’m thinking it may save a life by having it. On the other hand it may get someone killed.March 30, 2014 at 2:09 am #5268
About 8 months ago, a friend of mine who worked in NYC as an investment banker wrote me an email.
He said, in so many words, that if we had a decent amount of cash in savings or checking in any US bank, that we should pull the money and invest in hard assets – things that will retain worth over the long term. Especially precious metals. He then quit his job, sold his house and moved himself and his wife and kids 2500 miles west. He now lives in the mountains of Colorado and works for a small podunk bank.
He was never specific about what scared him so bad that he bailed out and moved his whole world 2500 miles up into the mountains, only that “it would be a good idea” to pull whatever funds we could out of the bank and start buying PM’s, food, ammo, medical supplies, etc.. I trust his judgement enough to believe him when he says that Something Wicked This Way Comes…
So, we did. We kept about half our cash liquid and stashed in the safe. The other half, we invested in PM’s, ammo, meds, long term food, beefed up the orchard, heirloom seeds, hand tools, liquid fuel, the makings for candles, good oil lanterns and kerosene, etc…
Any cash you have in the bank is only earning 0.0001% interest anyway. It would be better to have it stuffed in a sock under your mattress – that way, you could at least get to it when you needed it. When the blowtorch of hyperinflation hits and there are runs on banks all over the US (and EBT cards stop working), it would pay dividends to have a wad of cash on hand, as well as PM’s…
The wicked flee when none pursueth..." - Proverbs 28:1March 30, 2014 at 2:25 am #5272
Good , the fewer yuppies ….the better .March 30, 2014 at 2:27 am #5273
Yes, keep extra cash on hand and not in bank.
Funny you should mention the banking friend and his move. I have been hearing that same type of thing about a lot of retired military people and others in the know are heading to mountains in Missouri as a safe haven from something. And for some reason they are looking for high elevation. There is a future Navy map of the USA that shows some changes to the US that many refer to. I don’t know how legit it is, but if it is it shows some considerable geographical changes to the US.March 30, 2014 at 10:13 pm #5575
Roadracer, yes they are close friends of ours. She filed something, I would assume an insurance claim of some sort but to my knowledge she has received nothing. Other than business transactions I don’t think she has any confidence in banks anymore, especially since then (2007-2008) with the economy tanking, the bank closures, and the real estate tanking. They listen when we try to talk to them about what is really going on here, but they aren’t fully awake yet. I do know that whatever they had in safety deposit boxes previously isn’t there.
A side note, people that have important documents in safety deposit boxes will not have access to them when a bank holiday is declared. No one will get inside the bank for ANY reason. Look at what happened last year in Britain to their largest bank. The people had no access to their money. Not only that but when they did get money back, they DID NOT get all of it back. They were told they would not be getting it back. I think the amounts they did get back was about 3 weeks later, after no access to ANY funds??? Someone correct me if I am wrong on this. Imagine, this happened and they weren’t even suffering a collapse. Think what happens in a collapse, and YES it can happen here.March 31, 2014 at 5:56 pm #5865
Very important point about safety deposit boxes. Not only will you not have access during a bank “holiday”, but government has said they have the right to seize the contents of the boxes.
Cyprus should have been a warning for everyone. That test run went very well for the banks. US courts have already established our deposits are not really ours, they are unsecured liabilities for the bank. So as the creditors line up at the bank to big to fail that failed, guess where you stand in the line for the leftovers.
But not to worry, the stock market will just keep going up, and we will all be richer than we ever have been. Don’t you just love free money. All I need now is my Obama phone and I’m good to go.March 31, 2014 at 9:35 pm #5943
R: I could not have said it better myself. Strange times indeed.April 8, 2014 at 5:14 am #7667
Hey look………………..another bankster bit the dust, along with his wife and 22 year old daughter!April 10, 2014 at 8:53 pm #8062
Statistically it’s interesting. Who knows what’s going on.April 24, 2014 at 5:51 am #10571
Here we go again. Bankster number 18 dead: http://plazilla.com/page/4295131264/dead-banker-nr-17-is-belgian
Here are the last 17 bankers according to the article.
1) David Bird, 55, long-time reporter for the Wall Street Journal working at the Dow Jones news room
2) Tim Dickenson, a U.K.-based communications director at Swiss Re AG
3) William Broeksmit, 58, former senior manager for Deutsche Bank
4) Ryan Henry Crane, age 37, JP Morgan
5) Li Junjie, 33, Hong Kong JP Morgan
6) Gabriel Magee, 39, age JP Morgan employee
7) Mike Dueker, 50, who had worked for Russell Investments
8) Richard Talley, 57, was the founder and CEO of American Title (real estate titles)
9) James Stuart Jr. 70, Former National Bank of Commerce CEO was found dead in Scottsdale, Ariz
10) Jason Alan Salais, 34 year old IT Specialist at JPMorgan since 2008
11) Autumn Radtke, 28, CEO of First Meta, a Singapore-based virtual currency trading platform
12) Eddie Reilly, 47, investment banker, Vertical Group, New York
13) Kenneth Ballando, 28, investment banker, Levy Capital, New york
14) Joseph A. Giampapa, 55, corporate bankruptcy lawyer, JP Morgan Chase
15) Jan Peter Schmittmann, 57, voormalig topbestuurder ANB/AMRO
16) Juergen Frick, 48, CEO Bank Frick & Co AG, Liechtenstein.
17) Benoît Philippens, 37, directeur BNP Parisbas Fortis Bank, Ans, België.
Coincidence???April 24, 2014 at 10:58 am #10578
Well, frankly I have other more important things to think about than wonder much about this. But, people keep bringing this up. I think this article might be something to perhaps balance all of the interest in this.April 24, 2014 at 5:53 pm #10642
If it is so bothersome to you why read it then? Not all of these were set up as suicides as your not-so up-to-date article suggests.
So, as a person (people) that keeps bringing this up…….I could care less what happens to a bunch of lying, stealing, deceiving, conniving, filthy bunch of bankers (or anyone else with those attributes that aren’t bankers). What I DO care about is the ‘bigger picture’ here and how it will affect myself and others financially when this cycle comes to a close. Anyone that keeps their money in the banks and does not have hard assets is going to feel the pain of this when its all over, and this particular example is too obvious that something is amiss.
And yes, evil men ‘conspire’, regardless of what we were taught in government schools. I’m still trying to figure out what is so hard to believe about that.May 1, 2014 at 5:00 pm #12024
Bugs Bunny: "I speak softly, but I carry a big stick."
Yosemite Sam: "Oh yeah? Well I speak LOUD! and I carry a BIGGER stick! and I use it, too!" BAM!May 1, 2014 at 5:06 pm #12026
I look at it this way , let them kill each other off , just like gang members , or Muslim factions , each death helps the world just that tiny bit more . Just Sayin .
And just like gang members , the cops sometimes dont spend a lot of time investigating the deaths , as they and the people both know , the country is better off with one less .May 3, 2014 at 4:48 pm #12221
I hear the numbers will stop at 33, so I am watching to see if it works out that way.
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