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S W
Member since May 2012
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Flight Path

- James Howard Kunstler -

Dollars are not money but rather transaction notes. AKA known as credit
At the G20 meeting in Brisbane 2015, it was decided that in the event of a financial crisis the banks will not be bailed out again.
There will be BAIL IN.
In other words, depositors money will be confiscated because it does not belong, in effect to the depositors.
My advice, take most of it out of the system, interest rate is low anyway.
Buy Gold and Silver and hope you never need it.
Junk Silver and one gram gold bars could be very handy in a crisis.
It is surprising how liberating and secure it feels.

Commented 1468 days ago

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Beginning of the headline :This age of battling narratives tends to conceal the broken consensus behind it. What’s gone is a broad social agreement that there are certain fundamental realities, and then codes of conduct that follow from them. When anything goes, don’t expect people to do the right thing, or even know what it is. The Covid-19 debacle presents just such a set of quandaries and puzzles. For many people stewing in quarantine, the virus is a just another evil phantom lurking in the permanent twilight zone of t... Read More

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