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Yellen Draghi Carney Wrecking Ball Cometh ... Prepare
Draghi's ECB and Carney's BoE have put in place plans for bail-ins and deposit confiscation. Yellen's Fed is quiet allowing the FDIC to do the controversial bail-in 'dirty work' by stealth. Bail-ins cometh ... Prepare ... http://info.goldcore.com/protecting-your-savings-in-the-coming-bail-in-e...
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either invest in the market or they'll take your money away. at least you are siding with the house. beautiful, ain't it.
yeah that money in the bank is evil. Obviously if you just have it sitting in a bank, you dont really need all of it.
Lol @bail in...
My overdraft runnith over...
The banks have already bailed in your interest so your capital is logically next...no
Becuase cash in safe deposit boxes is illegal
Cash is not illegal in safety deposit boxes. That's just crap spread around for others to su*k on.
My box has already been opened and checked by someone. I left a note in it saying "OUT OF ORDER" in the bottom of it.....Empty
Wake me when they start confiscating Bitcoin.
Which reminds me, I have to go to Whole Foods tonight.
"Similarly, the ECB becomes a corresponding Fed in the European area, “serving” the problematic economies that are excluded from the bond markets, through the print of new money. Therefore, the problematic economies will be loaded with more and more debt which the ECB, i.e. the largest private European banks will hold."
http://failedevolution.blogspot.gr/2012/09/lea-jacta-est-by-emperor-drag...
Neuter all 3 balls by pulling your money out of the large banks, before they wreck yours.
"The Monster with Three Balls"* is coming soon to a bank near you.
*In 3D where available.
RISE UP ALREADY PEOPLE !!!
RISE UP !!!!
Remember back in the day when bank robbers were outlaws that went into banks a took money out.
Now the bankers are the bank robbers, just don't give it back to the person that put it in there in the 1st place.
Well, obviously you need to study a little more history. When banks went belly up in the 30's, depositors lost all their money. However, if they had loans outstanding, these loans were bought by other banks for pennies on the dollar. Then the new bank went in and foreclosed on homeowners/farmers/businessmen/etc. when they couldn't make their payments cause they had lost all their money. So you see, in modern terms, a bail in. People lost their assets but not their liabilities.
Given the current state of the Canadian real estate market, I would not consider Canadian banks terribly safe. They, too, fed at the TARP trough in 2008.
I am looking forward to watching a gay marriage in the Rose Bowl parade. Lets focus on what is really important.
I'm fulling expect the floats to rear end each other spreading shit everywhere, or T-bone leaving a messy gash.
What color thongs will the happy couple be wearing?
Rainbow I'm sure.
Yes! Yes! The most shocking aspect of that is it happens in Cali.
Do I really give a shit? No, but have they ever had a man/woman get married on a float?
Depends on how strictly you define 'married.'
Pennsylvania/USA is going to confiscate ( inactive ) accounts in 3 years instead of 5.. read the fine print and see what they call inactive. if you use the words let it ride or just let it sit there.. your toast..
Cyprus is the model. The paymaster list:
1) shareholders; 2) bondholders 3) deposit amounts exceding 100k Euros
If this is not enough to save the bank, then the bank is nationalized. After a clean cut back to a sustainable size then sold to new owners. The depositors having lost money may get some non voting shares symbolizing a very little chance to recover later some more of the lost capital.
So choose your bank carefully. The rules are clear and there will be no exemptions. So if you have a deposit exceding 100 k Euros and you are no 100% about your bank, then get your money out as long as you can. Shareholders and bondholders are anyhow bust.
Most companies off free returns on online orders. Bankrupt the fuckers - order from dozens of the fuckers and then return the items.
Bankrupt this fucking system (and buy gold with the cash you don't spend on the online shit)
You work for UPS?
Nothing new here. I published similar stuff in March of 2013 and again in early December 3013. The Bank of Engalnd and the FDIC were cooperating on this issue more than a year ago.
http://www.brokenmirrors.ca/?p=411
For more on the larger issus of similar plans in the IMF, EU, Canada, Spain etc see: http://www.brokenmirrors.ca/?p=327
They used to threaten you with a cracked knee-cap or an old-fashioned beating if you didn't pay up. They are more sophisticated now.
No worries, when they bail you in you will get lots and lots of shares instead of your savings, of course you may not be able to sell the shares for 5 years or so but I am sure they will be worth a bundle by then, what could go wrong? trust the FED, the FED is your friend.
yep. now they go for the easy roll'em types. you know, widows an orphans
You know, its funny; my safe deposit box pays 0% on cash deposits too...
So, tell me again why I need a ZIRP cash depost ... ?
Regards,
Cooter
When the time comes, your safety deposit box will be inaccessible, too.
With a little research on the Internet, one would find that, like most things, a "safe deposit" box is really the property of the banks, state and Feds.
California and some other states are even grabbing them under fraudulent pretenses.
my 'safe deposit box' also pays 0%, so I agree, why bother depositing cash in a bank that is probably insolvent anyway. However, my safe deposit box says 'liberty' on the front of it, weighs close to 1000 lbs, and can be accessed whenever i feel like opening it.
The Fed has a way to getting it with out even opening it.
Haha +1 yes they do. But it is still a good idea to hold some at home, enough to cover a few weeks expenses at least