The War on Cash: Transparently Totalitarian

[Sensei]

It might be advisable today to start taking your cash out of a savings acct (slowly...of course) and placing it in a safe deposit box.

Not as easy for you to access quickly but also not on an electronic record by a big bank as to exactly what you have, either.

With what we saw happen in Greece and Cyprus with runs on the bank...having your money in a safe deposit box also has other more obvious advantages.

Besides...it is not as if your cash is earning a damn thing in interest in a bank savings acct or even a money market account these days. The security of the cash outweighs what little interest you might be earning.

...any thought on doing this?

Any run on the banks is likely to be coupled with massive inflation. In addition, most people's liquid savings is a very small fraction of their total wealth (if they are playing their cards right). The real accounts that matter are IRAs, 401k, mutual funds, property, etc.

[MegademiC]

Any run on the banks is likely to be coupled with massive inflation. In addition, most people's liquid savings is a very small fraction of their total wealth (if they are playing their cards right). The real accounts that matter are IRAs, 401k, mutual funds, property, etc.

This. It's why diversity is great. Invest in guns, precious metals(different types), ammo, 401k, stocks, land, and have some savings. No matter what happens, you'll have something of value.

[Crow Hunter]

Negative interest? Really?

Been going on for several months now in some Eurozone countries.

[Clint]

If things go sideways, you may not be able to access deposit boxes.

In those times, if you don't have something in your possession, you don't have it.

Besides, piles of paper Fiat aren't useful unless you can actually use them to buy useful items.

It might be advisable today to start taking your cash out of a savings acct (slowly...of course) and placing it in a safe deposit box.

Not as easy for you to access quickly but also not on an electronic record by a big bank as to exactly what you have, either.

...any thought on doing this?

[THCDDM4]

But everyone keeps telling me all the guns, ammo, long term food/water, gold and silver I've bought over the years is stupid and I'm crazy for it...

It's pretty obvious that there are people out there that want and are actively seeking total control of everything in our lives.

If you haven't noticed and you're not doing something to stop it and insulate/protect yourself; you need to get your head out of the sand and into the game.

[Crow Hunter]

But everyone keeps telling me all the guns, ammo, long term food/water, gold and silver I've bought over the years is stupid and I'm crazy for it...

It's pretty obvious that there are people out there that want and are actively seeking total control of everything in our lives.

If you haven't noticed and you're not doing something to stop it and insulate/protect yourself; you need to get your head out of the sand and into the game.

Speaking of which.

Gold is down again.

Stock up while you can.

[punkey71]

Speaking of which.

Gold is down again.

Stock up while you can.

The End-Game is Gold, for sure.

But at the current Gold/Silver ratio, silver is getting my money right now.


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[jmp45]

I agree that gold / silver may be the best bet. What if an executive order like Roosevelt's in 1933, EO 6102? What would stop them from doing that again?


http://en.wikipedia.org/wiki/Executive_Order_6102

[ABNAK]

I agree that gold / silver may be the best bet. What if an executive order like Roosevelt's in 1933, EO 6102? What would stop them from doing that again?


http://en.wikipedia.org/wiki/Executive_Order_6102

With this administration? Not a damn thing.

[VooDoo6Actual]

I agree that gold / silver may be the best bet. What if an executive order like Roosevelt's in 1933, EO 6102? What would stop them from doing that again?


http://en.wikipedia.org/wiki/Executive_Order_6102

People wih guns