IMF forced savings cut

tangy said:
The question is - where do you put your money? I'm interested in hearing which countries people are using to hold their cash because as far as I know most of the places that I could withdraw using a debit card are packing enormous debts and deficits.

Thoughts?
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Among similiarly situated out there, I'd say Latvian banks, which is probably where the russian oligarchs will move over to, they already took their punches at least without smacking depositors. Coincidentally, they are one of the "other" big places to board offshore MIDs.
 


I don't trust any banks. Get paper dollars, convert to gold, and take delivery. And don't use bank safe deposit boxes!!

CA residents: The gov't here can seize the contents of your safe deposit bank if you don't have personal contact with the bank for a few years. This is even if you have enough money in an account and the fees are paid with auto debit. Those fuckers currently have over $6 billion in stolen money and assets!!

California State Controller's Office : Unclaimed Property Main Page
 
This picture basically sums up why the EU will continue to steal from it's citizens:

zYJOQj9.png


This is what passes for a protest over in Cyprus when the government decides to steal from your savings account. You write "NO" on your hands and walk out to a free speech area and wave your hands around like a little fairy. Their hands are stretched out like chicks in a nest hoping mommy will drop them a few pieces of worm.

The market has decided all of this is a non-issue so far because traders know what sheep look like. The Euro is only down 0.95% and the S&P 500 is only down 0.52%.

The vote has been delayed another day lol. Their accounts are still frozen.
 
WickedJoe said:
This picture basically sums up why the EU will continue to steal from it's citizens:

zYJOQj9.png

You write "NO" on your hands and walk out to a free speech area and wave your hands around like a little fairy. Their hands are stretched out like chicks in a nest hoping mommy will drop them a few pieces of worm.
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jack_nicholson_approve_gif.gif
 
Dwight Schrute said:
Based on conversations I've been having with people who are more intelligent than I am (which there are many), the quantity of above-ground silver is becoming more scarce.

Silver is needed for construction, electronic devices, medical devices, and more. If/When the economy improves, silver is going to be needed. Long-term you decide whether it's a better bet than gold, or if the price of gold is inflated.

As far as what to own on hand, I will quote our Füher:

"Don't even get me started on what we do with investment grade diamonds. Puts precious metals to shame by comparison." (http://www.wickedfire.com/shooting-shit/166359-preservation-wealth-club-legit.html#post1897876)

"Buy diamonds, not gold." (http://www.wickedfire.com/shooting-shit/99196-gold-capital-gains-tax.html#post954076)

Good luck, bros.
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Buying diamonds as an investment is one of the stupidest fucking things you could possibly do. Diamonds are incredibly common, but hard to extract. This is terrible advice. There is a long history of diamond scams. Have You Ever Tried to Sell a Diamond? (Part Three)

Stick to gold and silver if you want to buy something precious.
 
WickedJoe said:
This picture basically sums up why the EU will continue to steal from it's citizens:

zYJOQj9.png
Click to expand...

lol... the ladies start in about 0:13

[ame="http://www.youtube.com/watch?v=qVddz5d8YB0"]Raw: Cyprus Delays Key Vote, As Protests Ensue - YouTube[/ame]

On the other hand, we have this guy who parked a bulldozer at a bank, lol

[ame="http://www.youtube.com/watch?v=mJEQIKgR8_s"]Cyprus bailout- Man threatens bank with bulldozer - YouTube[/ame]
 
The Cypriots are not exactly making a fuss about this.

Don't know if those of you that live in the USA realise what's going on here in Europe and how pissed-off people are austerity policies:

Spain:
[ame=http://www.youtube.com/watch?v=CDcRpCHfRgs]Anti-austerity violence: Video of riot police clashing with protesters in Madrid - YouTube[/ame]

Greece:
[ame=http://www.youtube.com/watch?v=hIVrHku8SCw]GREECE in FLAMES as anti-austerity RIOTS erupt in CAPITAL! [PETROL BOMBS, TEAR GAS & RAGE!] - YouTube[/ame]

Italy:
[ame=http://www.youtube.com/watch?v=P0hcpPv8Oeo]VIOLENT RIOTS: clashes ERUPT as TENS of THOUSANDS protests austerity in Italy [EU FINANCIAL CRISIS] - YouTube[/ame]

Portugal:
[ame=http://www.youtube.com/watch?v=XmjkJZKTuyY]Riots - Portugal like Greece & Spain "NO MORE FUCKING AUSTERITY!" - YouTube[/ame]
 
It wont be long before banks get bailouts again. If a country cant fulfill then its inevitable along with deeper and harder austerity measures. Spain is quite hardcore with its manifestations and i wouldnt be surprised it gets even worse (full blown riots).

Spain is 'allegedly' negotiating with the IMF due to the latter saying Spain HAS to increase its taxes...their posponing it till next year, even though they increased taxes twice last year.

As for cyprus...well its obvious really, im drawing money out of my accounts in Spain gradually, i aint falling for this crap.
 
conjamuk said:
The mother of all crashes is coming VERY soon
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I doubt it. They'll just continue doing what they've been doing, as it seems to be working quite well. Bailouts, austerity measures, higher taxes, etc... just keep going slow and steady until everyone is poor as dirt, with a small percentage of the population wealthy as fuck.

I'm assuming that's what the end game is at least, and alot of what we're seeing is manufactured, and doesn't actually need to happen. It's happening because there's people out there who want it to happen.
 
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