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Jake
Member since May 2012
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Fedpocalypse Now?

- James Howard Kunstler -

I can feel it too. The part about people wishing they had gone to cash highlights a new problem. If you sell and put your cash in a bank it can be blocked from withdrawal because of a bank crisis, bank run and so forth. It could be Cyprusized and all the balance over $100K could be "donated" to the government as a one time deal. You could be bailed in and have your balance converted to worthless bank stock if the bank is in trouble. Wanna bet if any of that could happen to any of the Ivy League shithead "elect?"
If you take it and stuff the mattress or put it in a safe, at some point the "authorities" may be alerted that you were acting strange and may have physical possession of cash! Lions, Tigers and Bears, Oh my!
At this point since it would be such a dangerous situation having someone have their money in hand, the VoPo's would raid you, "discover" a cash hoard and then seize it as possible proceeds of criminal activity and then you are required to prove somehow that you legitimately made and have possession of this cash.
And they wonder why the people boil with rage and support the man with odd hair who may possibly be the only guy who thinks the American dream at least should be real and that Americans should be first in line IN AMERICA.

Commented 3056 days ago

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Beginning of the headline :“Here’s another fine mess you’ve gotten me into….” — Oliver Hardy If ever such a thing was, the stage is set this Monday and Tuesday for a rush to the exits in financial markets as the world prepares for the US central bank to take one baby step out of the corner it’s in. Everybody can see Janet Yellen standing naked in that corner — more like a box canyon — and it’s not a pretty sight. Despite her well-broadcasted insistence that the economic skies are blue, storm clouds scud through every real... Read More

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