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Thread: Stacking physical cash

  1. #81

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    Sinclair: “This is all because of the one quadrillion dollars in derivatives that are in the financial system. Six years ago the Bank for International Settlements (BIS) at that time reported that the amount of derivatives already outstanding exceeded one quadrillion dollars. This number is unimaginable to most human beings.
    http://kingworldnews.com/kingworldne...Terrified.html

    No way that amount of money can be created.
    This means massive deflation.
    This doesnt mean the dollar is "safe"
    The correct strategy is to have both metals and cash as we probably wont be able to time this correctly.
    There s no 100% guarantee that the price of gold will be lower during this defaltion
    Last edited by jon444; 04-02-2013 at 01:28 PM.

  2. #82

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    The case for Treasuries strengthens

    I just might be so bold.

  3. #83

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    Quote Originally Posted by jon444 View Post
    Sinclair: “This is all because of the one quadrillion dollars in derivatives that are in the financial system. Six years ago the Bank for International Settlements (BIS) at that time reported that the amount of derivatives already outstanding exceeded one quadrillion dollars. This number is unimaginable to most human beings.
    http://kingworldnews.com/kingworldne...Terrified.html

    No way that amount of money can be created.
    This means massive deflation.
    This doesnt mean the dollar is "safe"
    The correct strategy is to have both metals and cash as we probably wont be able to time this correctly.
    There s no 100% guarantee that the price of gold will be lower during this defaltion
    B..I..N..G..O

  4. #84

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    Today seems like a good day to revist this thread.

    If you leave your money in the bank or stock market, you get what you deserve.

    You have been warned.

  5. #85

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    Quote Originally Posted by jon444 View Post
    Sinclair: “This is all because of the one quadrillion dollars in derivatives that are in the financial system. Six years ago the Bank for International Settlements (BIS) at that time reported that the amount of derivatives already outstanding exceeded one quadrillion dollars. This number is unimaginable to most human beings.
    http://kingworldnews.com/kingworldne...Terrified.html

    No way that amount of money can be created.
    This means massive deflation.
    This doesnt mean the dollar is "safe"
    The correct strategy is to have both metals and cash as we probably wont be able to time this correctly.
    There s no 100% guarantee that the price of gold will be lower during this defaltion
    Wouldn't the government just close the banks which went bankrupt due to derivatives (their derivative trading partner might also go bankrupt)? And depositor accounts transferred to other banks?

    It would seem that the Federal Reserve and other Central Banks would not be crazy enough to bail out banks that went bankrupt due to derivatives.
    Legal Disclaimer: I am not a doctor, nor do I play one on TV.

    "It's tough to make predictions, especially about the future." -- Yogi Berra
    A variant of this has also been attributed to physicist Niels Bohr, and others.

    "Tis against some men’s principle to pay interest, and seems against others’ interest to pay the principal." -- Benjamin Franklin

    The School of Hard Knocks is where you get the lesson after you fail the test.

    Book title: "The Best Way to Rob a Bank Is to Own One"

  6. #86

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    Quote Originally Posted by WhatsUpDoc1958 View Post
    Wouldn't the government just close the banks which went bankrupt due to derivatives (their derivative trading partner might also go bankrupt)? And depositor accounts transferred to other banks?

    It would seem that the Federal Reserve and other Central Banks would not be crazy enough to bail out banks that went bankrupt due to derivatives.
    You haven't seen anything yet.

    Really, after the past 5 years, they are crazy enough to do anything at this point.

  7. #87

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    Meh. They would only bail out the banks when they are totally desperate. Imagine the unknowing hordes learning what DERIVATIVES are in one fell swoop.

  8. #88

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    Quote Originally Posted by wgadget View Post
    Meh. They would only bail out the banks when they are totally desperate. Imagine the unknowing hordes learning what DERIVATIVES are in one fell swoop.
    Get the paper out; after all, it is only paper.

    Paper over the problem here, paper over the problem there....

  9. #89

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    Look, paying down debt and stacking cash is the only sure thing at this moment.

  10. #90

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    Quote Originally Posted by Atlas Shrugged View Post
    Look, paying down debt and stacking cash is the only sure thing at this moment.
    Of all the things I can imagine to stack, FRNs seem to be the most likely to become very worthless very quickly.

    .

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