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03/18/13, 12:53 PM
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Join Date: Feb 2006
Posts: 472
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So this is all over my head in terms of what I need to do with my money moving forward? Not put it in the bank? Take it out of my 401k account? Hide it under the mattress?? There is a lot here to read about but it doesn't give me any idea how to act.
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03/18/13, 01:11 PM
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Join Date: Jul 2005
Location: East Tenn.
Posts: 10,131
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Quote:
Originally Posted by simplegirl
So this is all over my head in terms of what I need to do with my money moving forward? Not put it in the bank? Take it out of my 401k account? Hide it under the mattress?? There is a lot here to read about but it doesn't give me any idea how to act.
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Forgive me for being straight forward but no one can tell you what to do. That is personal responsibility and the price of freedom. The best we can do is to provide as much information and let you make up your own mind. If you look around on ZH there are some more posts that may explain i more clearly. If you need help you can ask. I know it sucks but there are no magic Genies. You can win or lose no matter how you go. Additionally I would read as much about Cyprus on Ticker Forum. the guys talk about all kind of scenarios. Some are staying some are getting out. And you don't have to understand every word. The more you read the more will become clear.
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03/18/13, 01:14 PM
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Join Date: Feb 2006
Posts: 472
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Well, I have read a lot of things in several places today and quite frankly I guess it's just a ----ed good thing I don't have anything much to lose. Because I absolutely have no idea what to do. Thanks for your help and for supplying more places to read up on this.
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03/18/13, 01:47 PM
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Banned
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Join Date: May 2011
Location: Central Florida
Posts: 2,524
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Remember Thatcher's line, the only thing wrong with Socialism is that sooner or later you run out of other people's money. The Europeans have yet to run out of money, they are just having to steal it from different places.
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03/18/13, 02:21 PM
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Join Date: Aug 2005
Posts: 8,771
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Quote:
Originally Posted by TNHermit
You know if you go back to history again. We could very well die a quiet death just as they did with Europe before WW2. Chamberlain made an agreement with Hitler and called him a fine man and it was over and everyone just went a long.
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Funny you mention that.......
Boehner Says He Trusts Obama, Agrees There Is No Immediate Debt Crisis
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03/18/13, 02:38 PM
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Join Date: Aug 2005
Posts: 8,771
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Quote:
Originally Posted by simplegirl
Well, I have read a lot of things in several places today and quite frankly I guess it's just a ----ed good thing I don't have anything much to lose. Because I absolutely have no idea what to do. Thanks for your help and for supplying more places to read up on this.
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If you'll notice, there's much talk in recent days about putting money in the Bank of Sealy or the Bank of Serta (wink, wink).
As one said, however, this is something that each individual is going to have to decide for themselves how to handle.......because nobody really knows how this is going to play out. Hence, you're not going to get anybody that is comfortable giving specific advice.
My best advice: Pay attention. When the time comes, you'll know what you need to do and when you need to do it.
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03/18/13, 02:44 PM
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Join Date: May 2002
Location: Back in the USSR
Posts: 9,857
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Quote:
Originally Posted by bowdonkey
TNH, I personally don't know what to think sometimes.I have several very wealthy acquaintances that say the national debt is nothing to worry about. At least outwardly they don't seem to be concerned. My gut feeling is TPTB are confiscating wealth and liberty from the bottom up.
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The wealthy don't get sticker shop when they shock for food. They've got enough money to ignore inflation. The family having a hard time buying gasoline to get to work and buying food to feed the family are the ones on the bleeding edge ... and bleeding.
Last edited by Darren; 03/18/13 at 07:57 PM.
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03/18/13, 02:52 PM
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Join Date: Aug 2002
Location: NY
Posts: 2,276
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If your gut is talking, listen. I cannot tell you how many times something seemed hinky, nothing I could define, just a feeling, and it proved out. Sometimes things are made to look complicated but even a Phd. cannot change the fact that 2-4 =-2. They may throw some algebra in there to muddy the waters but snapping turtles like muddy waters.
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03/18/13, 02:57 PM
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Join Date: May 2002
Location: Back in the USSR
Posts: 9,857
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Worldwide, the banks still have about a quadrillion dollars of derivatives on their books. Remember the toxic assets that where going to be bought up? That was before the magnitude of that loss was known.
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03/18/13, 03:06 PM
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Ret. US Army
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Join Date: Dec 2005
Location: Tennessee
Posts: 870
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Austrians, Germans, British didn't have as many guns and a spoiled snatch and grab society like America does now.
jim
Quote:
Originally Posted by TNHermit
You know if you go back to history again. We could very well die a quiet death just as they did with Europe before WW2. Chamberlain made an agreement with Hitler and called him a fine man and it was over and everyone just went a long. And this country has been so indoctrinated that Anything is fine could do it very easily. Can you name a time when any POTUS has done what Obama has done and there has been actually very little but talk done about it.
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03/18/13, 06:24 PM
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Join Date: Aug 2005
Posts: 8,771
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Quote:
Originally Posted by bowdonkey
I have several very wealthy acquaintances that say the national debt is nothing to worry about. At least outwardly they don't seem to be concerned.
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Which is, curiously, exactly what all the talking heads have been saying all day today. That fact makes me very suspicious.
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03/19/13, 10:05 AM
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Join Date: May 2006
Location: GREY'S RIVER,BARSOOM
Posts: 12,486
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__________________
i went to the woods because i wished to live deliberately to front only the essential facts of life,.......,and not,when i came to die,discover that i had not lived...Henry David Thoreau
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03/19/13, 10:26 AM
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Join Date: May 2006
Location: GREY'S RIVER,BARSOOM
Posts: 12,486
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__________________
i went to the woods because i wished to live deliberately to front only the essential facts of life,.......,and not,when i came to die,discover that i had not lived...Henry David Thoreau
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03/19/13, 10:38 AM
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Join Date: Jul 2005
Location: East Tenn.
Posts: 10,131
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It would be interesting to get in the heads of the military or cops standing guard for the banks as to what they really would do.
We won't have to worry as DHS is busy putting together the brown shirts so there won't be any question. They will only have to murder a few and the rest will fall in line as they have been taught
__________________
Thinking is hard. Feeling and believing a storyline is easy.
FREEEEEEEDDDDDDDOOOOOOMMM!!!
Prof Kingsfield. Rules!!
http://tnwoodwright.blogspot.com/
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03/19/13, 10:42 AM
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Join Date: Nov 2008
Location: michigan
Posts: 22,415
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..................carter.......................... ...................obama.............
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03/19/13, 12:31 PM
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Join Date: Jan 2006
Location: Safe distance from Seattle, WA
Posts: 2,106
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Quote:
Originally Posted by 7thswan
..................carter.......................... ...................obama.............
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The spike in silver in 1979-1980 is not normally attributed to Carter but more accurately it is believed to be a result of the Hunt brothers buying spree. The subsequent abrupt drop in price was the result of rule changes in both the CBOT and COMEX which forced the untimely liquidation of many futures contracts.
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