Me dinoi gonna melt all my brass and lead into coin shapes and dump it all into a treasure chest so that I may run my fingers through my UNTOLD RICHES!
You make me think of that scene in The Patriot where Mel Gibson melts his murdered son's lead toy soldiers down into ball bullets. Ah, kids playing with lead and lead getting into drinking water. Those were the days! That not excluding old dino letting the UNTOLD RICHES of lead coins run through my hands.
SJ Lead Hollow Point are the best. If you can't bleed them out poison them . I see the military finally got tired of this PC crap and is going to SJHP in a decent caliber. You lefties insist on sending troops to war then slap on handcuffs before they even get started. Forget that. No more cannon fodder. How I despise these liberal war mongers.
Dobrien.... You've been reading my mail. I just made it to your response when the same idea hit me. How would you like to have $50,000 of gold around your house without $50,000 of lead and arms to defend it???
Raise your budget on the one side those are heavily devalued dollars but the good news is at $1323 to 1330 an ounce that's roughly a kilo or 2.2 pounds and won't be hard to hide at all.
They are now offering not only in bars but in many wafer sizes contemplating the ease of use for buying anything
Funny I just got notice on my sapphire card (chase) that they were raising the apr to 25% I have no balance due but I am looking for a new card any suggestions. BTW , I don't want an annual fee
Hi Nickursis , happy holiday. Well you are correct about that . I hate to pay interest and avoid debt when possible. I only like to buy when I can pay for it.
And if you look closely a lot of what the government is now doing is to put the avg joe in cebt, to them, and to businesses through the use of credit cards etc. People pay taxes with credit cards and such and never get them paid off.
I never could have imagined such a thing, even in my wildest dreams. I will never pay anyone for the privilege of using my money. And like most sensible folks, I'll stock up on real money and I already have a safe. (And guns)
the Fed has not been able to raise interest rates to allow them any room to be able to lower rates again for the next recession (vegas oddsmakers give it a 65% chance for 2017)...90% of the jobs created since 2008 have been part-time jobs for 55 and older...1 million middle income jobs have lost every year since 2008...the middle class is being destroyed...not by accident, but by design...there are more small business failing than being created yearly than at any time in modern history...this leaves fewer people able to purchase homes (most home sales are to foreign investors)...prepare for the worst...
Always "follow the money"...NIRP isone step nearer to collapse, as this will be the sign that the house of cards is about to come tumbling down...financial collapse...then the takeover of the economy for the "safety" of everyone...socialist/fascism...the oligarchy rules...politicians will promise "temporary" this and that...
Do they really have a "plan"? Makes me wonder! Other than stealing our money to pay the debt for which we never signed. D.C. will have to just close the doors!
call me paranoid, but the end game is them in control and us under their thumb...we are headed toward a totalitarian oligarchy...democarcy is the last step toward an oligarchy...democracy allows the majority of the people dependent on govt to always outvote the rational, independent minority ...vast majority will vote to surrender whatever rights are necessary in exchange for any politician's promise of "safety" and a loaf of bread...it is how we ended up with govt in charge of our banking system...our education system...and now medicine...i do not trust them, but i understand what they are doing and what comes next...
Unfortunately, they never suffer, except for the odd ones who do not pay the right people (Maddof). They always seem to jet away to a secure place, and tough luck for everyone else...
We are very near the time when the Fiat Almighty Dollar will be unacceptable as payment for the Debt. Then the doors in D.C. must close, as there would be nobody to process the hot checks.
The fed is not preparing for the unthinkable they have already done the unthinkable. If they actually knew how to think they would just leave us alone, but that is not in the cards now or ever. As for precious metals, they ultimately will not have any value!
I pulled everything out of Chase, when I took my CDs out, they started charging me big charges for my checking account, no matter the balance! I knew negative interest rates were on their way then. It feels like Jed Clampett thanking Mr. Drysdale for for keeping his millions in his bank without charging him.! Maybe the Beverly Hillbillies knew what was coming.
When I paid Paypal downto less than a thousand with one big payment the $733 balance became roughly $890. I'll be happy to get shut of those clowns. Best way to close down a card is transfer the debt to another bank at zero percent and have it listed as final payment account closed. Otherwise they just ignore and ieep sendng a new card out to whomever. Orchard and that other fly by night Begins with a letter P were like that. adding the next years membership fee etc. then sent it to a credit collection agency. I told them take me to court and filed myself against them. Sent a copy of that. Cost about $20 back then. The local judge put out a person or persons warrant for them not showing up at the hearing. that won't work if it's the federal government or the Soros banks he owns ACLU.
Military.com reports 1.6% pay raise for active duty no word on retirees or social security but evens so it's a long long ways from that devaluation hit we took 2008 and since then and nowhere near a valid COLA. never mind the next cycle that's coming.
The only way that this negative interest rate policy will be adopted is if Hillary Clinton wins the presidency. If Trump wins the presidency they will jack the rates up in an attempt to tank the economy. Over the short-term this will make the Republican Administration look bad. However in the long term it will help because it will allow the economy to clear and interest rates will find their normal level. The only question is..... will the economy have time to recover before the next election cycle comes along.
It isn't going to help at all it's a back against the wall move of desperation prior to starting up the next cycle of economic repression. 2008 redux. Only thing Comrade Clinton is going to do is 'enhance taxes.'
If you have cards from the shysters and looters like Bank America, Orchard, etc go look at Google for the top banks with the best rates. You can transfer the whole thinig to as low as 0 % initially for the first six months to one year and get a massivce paydown witih the intrest savings Then if it's still too much from let's say out of work and recovering do it again. Can't do it too often each time drops your credit rating. But do the research and Dump BA etc.
Get more of your money and exert more control that is the money you have left from the ongoingi raids on it's buying value. Once they go negative it's a last gasp before the inflation, devaluation and debt refusal starts again. They need more of yiour money to service the debt load from and the results of running the printing presses at Treasury or now hittig a few keys on the computer. and making up pretend money What your seeing is pure fascism in action.
It appears that somehow you've incurred the wrath of Admin. There's no doubt when every thing you write is buried. Fire that Admin so we can get back to Liberty here!
In economics, Gresham's law is a monetary principle stating that "bad money drives out good". For example, if there are two forms of commodity money in circulation, which are accepted by law as having similar face value, the more valuable commodity will disappear from circulation.
I dont know the macro effects, but I can tell you my reaction- the bank of the backyard seems a lot more attractive to keep cash money. Why use a bank if you can get away with using cash. A bit more of a pain in the ass of course. Maybe use the bank for only small balances needed to pay bills. Its definitely NOT going to make me go out and borrow more money. I will definitely reduce my expenses though as it seems scary to me.
The only two rules are the feds go after anyone with $10,000 or more on hand and the locals are looking to steal anything they can under any excuse. How you handle the local government thieves is up to you. If you don't have recall your screwed and living in a slave state . Get it. How its handled federal level is up to all of us but if your choice is supporting Comrade Clinton don't look for thanks from any decent citizen.
Trouble is that the backyard is only useful for keep whatever might be left of your Fiat Dollar. Best to get out of the Dollar and into something of real continuing value. That will not be "paper"!
Absolutely. And one could argue that if you are quiet about it, its safer and more out of reach of the government than a commercial bank or safe deposit box inside a bank
Right on, but if you're talking about buried "money" which becomes worthless, that problem wouldn't disappear. There are many saying to move to a foreign bank.
I should have gotten gold a year ago. its up 30%. Foreign banks, like in Switzerland, are under the thumb of the US government. A lot of foreign banks wont open accounts for US citizens because of that.
First the unemployment rate took a dive to 4.9 using the government formula which is labor pool minus 10% and then 4.9% of the 90% for 85.51% That is the true unemployment rate. The 10% Mulligan was put in place by President Clinton to replace the 5% Mulligan which started right after WWII. keep that in mind.
Negative interest rate. Everyone knows what postive rates are so here's the other two Zero percent and negative percent.
Zero percent investment rate -
When applied to T Bills means park your money here at no cost for specified periods of time.
The advantage over a bank? Banks have an FDIC limit of $250,000. If they go broke that's all you get Not applicable to most. But very important to those with heavy money to park somewhere. Perhaps while waiting for a positive investment in the works somewhere.
The advantage is except for loss of buying power or devaluation the money is intact. If your bank goes under you get $250,000. If it's T Bills get the entire amount but it's worth is less than before. So it's a hedge with smaller loss.
Why is that. US Government cannot afford to lose those big money investments in T Bills. Once they default there is no way short of selling off Alaska to secure a loan. That's why zero interest exists.
Negative Interest Loans or Treasury Bills.
Same thing except they charge you for the devaluation insurance. Easiest way to say it. You lose a portion of the principle and any devaluation in buying power.
So it depends on how much the government sells of these negative interest I guess bonds are the correct word and at what cost or fee. If the likelihood of another crash is high which at this time it is exactly tht as the 10 trilion Bush/Obama debt is coming due. 2008 Redux or Great Recession II as they call it it means the cost of that expensive lunch will go, once again, straight to the elderly, pensioners including the unfunded military pensions.
That part is called debt repudiation or refusal to honor the debt owed.
Can they afford to do that? How many suckers are there in the world with that kind of investment money. Lump them all under Investment Banks or Nations.
Yes Mr. Francois of Luxembourg National or Yes Mr. China or Mr. England. You wish to park 100,000,000 at minus one percent? Your account is now 99 million. Perhaps per year perhaps for three days who knows?
Three days later. Here is your 99 million minus 10% drop in buying power. So you can go out and buy. 89.1 million of whatever.
Not only will we pass on the cost of the devaluation as a debt repudiation to those who can't argue the point and we won't add it into COLA, we have your million. See you in three days?
TANSTAAFL There Ain't No Such Thing As A Free Lunch. Somebody has to produce that lunch. Their name is Elderly or Retirees,
Wait a minute. It isn't enough!!!
So whose next in line? Those within five years of retirement? Possible. How? Cut the military and many of them will lose their retirement since they didn't do the full twenty. That cancels that unfunded debt.
Whose next? Cut back Government employees, No problem we don't lay them off we just quit hiring..
It ends when there is no profit nor othe gain only loss in buying T Bills and the like. Some of those folks make huge profits on one tenth of a percent margins. But not on negative nothing.
The investors can't afford to lollygag their funds. What they see if the fear of last resort and start looking for a solvent hard currency and and some room to make money on the spreads. With the US Dollar they have to make the spread AND make up for the fall in value. It's not possible with parked currency. Nor is it possible by taking money out of the economy. which is the other thing T Bill parking does.
No matter what Grandma tells you. Her tax and spend program is going to make zero interest even 1to 5% interest
But as for FDIC? $250,000 is half a new house downpayment for the middle class.
This has happened before, and it was not a disaster. In the days of gold coins and competitive banking, prosperity conditions that also were called "the long recession" put so much money in banks that they stopped paying interest on demand accounts and charged depositors to store the coins.
True but did they specifically attack the elderly on limited pensions or just anybody who wanted to store their coins. Think of all the government retirees not just military and all the civilian retirees whose pensions were traded by using inflation, devaluation and debt repudiation.
Not quite the same deal. Retirees don't have money sitting in an account they get it every month. Over to you....I'm out of my depth after my comment somewhere around here
You'll be charged for keeping money in the bank, 401's will lose and other retirement accounts will be effected. Not a good thing for the countries it's already happened to. However...The last report I got is that they are thinking of no change to a 1% increase...but we've heard this all before and they never took their fingers out of their butts.
Maybe, however think of all the government entities that have all their retirement funds tied up in things like that. Will make a mess, and besides, the idiots running them calculate on large returns to male the money they give away, when it doesn't they just raise taxes "because we have too" and never reduce benefits, because the unionistas will not make the donations to their masters. The system is broken...
I am trying to figure out the mind set of those who believe that lenders, like banks, can obtain funds from depositors at near or below zero interest rates. Except for keeping a little in checking at 0.1% in my case, money gets socked away in possibly more risky places with some reasonable interest, though no way to keep up with taxes. So all that is left for the lending institution is to use printing press money from the FED with the increase in inflation. To manage the inflation they have to do some real heavy duty lying, cheating, other mental gymnastics along with businesses doing some smaller price increases by decreasing the amount of product in each unit being sold in order to remain sane and not have to euthanize themselves.
Now we have the reason. The government is overspending this fiscal year by 10 billion due to their policies which lowered income since RINO Boehner got the boot.
Easy solution # 1
All those people you lay off when you shut down the government ha ha ha that 20 or 30% of non essentials? Tell them don't come back. They already proved they are not essential otherwise they would have stayed working. The Government truly NEVER Shuts Down.
Number Two . Quit Spending. and cut the old budget not the requests for increases in the unpassed next years budget.
Just think there's two reason that wil help you quit lying.
Forget about deficit banking, start thinking about explaining when the devaluations and repudiations of debt you caused goevernment are going to be reinstated through COLA or better yet demand those who voted for them to be sent to a prison camp.
Is there someone trying to disappear you? If so what is the rule you have broken so that I know what line to not cross? All your posts have been hidden along with your archives posts for several days.
No it's just awaiting return to work I think. The rule is iyou cannot cut and paste whole articles if it doesn't meet certain criteria . You can find that in our guidelines. I thought I was by carefully giving credit and sources. The complaints I guess came from outside our memberhip from some internet watch dog group.
Consequently and if iyou pop up the hidden message parts you will find this have changed to comply with whomever they are. The Gulch managers provide a great service to all of us and that is the important thing however finding out three or four days later was not as timely as i would have wished for.
In realclear.com home page the center lists a group of articles. One on the importance third parties. I just sent a letter through their Editor to the writers listing two points they missed and might wish to write about.
I'm going to post a discussion next and put hat up with an easy to find heading under NOW Category.
Thus things are being done in the proper manner and justice is served.
Ah, kids playing with lead and lead getting into drinking water. Those were the days!
That not excluding old dino letting the UNTOLD RICHES of lead coins run through my hands.
They are now offering not only in bars but in many wafer sizes contemplating the ease of use for buying anything
Next I'll be collecting lumps of coal to place on display so that I may charge the public to come see them.
Well you are correct about that . I hate to pay interest and avoid debt when possible. I only like to buy when I can pay for it.
Makes me wonder!
Other than stealing our money to pay
the debt for which we never signed.
D.C. will have to just close the doors!
Fiat Almighty Dollar will be unacceptable
as payment for the Debt. Then the
doors in D.C. must close, as there would
be nobody to process the hot checks.
Fire that Admin so we can get back to Liberty here!
Negative interest rate. Everyone knows what postive rates are so here's the other two Zero percent and negative percent.
Zero percent investment rate -
When applied to T Bills means park your money here at no cost for specified periods of time.
The advantage over a bank? Banks have an FDIC limit of $250,000. If they go broke that's all you get Not applicable to most. But very important to those with heavy money to park somewhere. Perhaps while waiting for a positive investment in the works somewhere.
The advantage is except for loss of buying power or devaluation the money is intact. If your bank goes under you get $250,000. If it's T Bills get the entire amount but it's worth is less than before. So it's a hedge with smaller loss.
Why is that. US Government cannot afford to lose those big money investments in T Bills. Once they default there is no way short of selling off Alaska to secure a loan. That's why zero interest exists.
Negative Interest Loans or Treasury Bills.
Same thing except they charge you for the devaluation insurance. Easiest way to say it. You lose a portion of the principle and any devaluation in buying power.
So it depends on how much the government sells of these negative interest I guess bonds are the correct word and at what cost or fee. If the likelihood of another crash is high which at this time it is exactly tht as the 10 trilion Bush/Obama debt is coming due. 2008 Redux or Great Recession II as they call it it means the cost of that expensive lunch will go, once again, straight to the elderly, pensioners including the unfunded military pensions.
That part is called debt repudiation or refusal to honor the debt owed.
Can they afford to do that? How many suckers are there in the world with that kind of investment money. Lump them all under Investment Banks or Nations.
Yes Mr. Francois of Luxembourg National or Yes Mr. China or Mr. England. You wish to park 100,000,000 at minus one percent? Your account is now 99 million. Perhaps per year perhaps for three days who knows?
Three days later. Here is your 99 million minus 10% drop in buying power. So you can go out and buy. 89.1 million of whatever.
Not only will we pass on the cost of the devaluation as a debt repudiation to those who can't argue the point and we won't add it into COLA, we have your million. See you in three days?
TANSTAAFL There Ain't No Such Thing As A Free Lunch. Somebody has to produce that lunch. Their name is Elderly or Retirees,
Wait a minute. It isn't enough!!!
So whose next in line? Those within five years of retirement? Possible. How? Cut the military and many of them will lose their retirement since they didn't do the full twenty. That cancels that unfunded debt.
Whose next? Cut back Government employees, No problem we don't lay them off we just quit hiring..
What else? A tax on retirement accounts?
Where does it end?
The investors can't afford to lollygag their funds. What they see if the fear of last resort and start looking for a solvent hard currency and and some room to make money on the spreads. With the US Dollar they have to make the spread AND make up for the fall in value. It's not possible with parked currency. Nor is it possible by taking money out of the economy. which is the other thing T Bill parking does.
No matter what Grandma tells you. Her tax and spend program is going to make zero interest even 1to 5% interest
But as for FDIC? $250,000 is half a new house downpayment for the middle class.
Not quite the same deal. Retirees don't have money sitting in an account they get it every month. Over to you....I'm out of my depth after my comment somewhere around here
Not a good thing for the countries it's already happened to.
However...The last report I got is that they are thinking of no change to a 1% increase...but we've heard this all before and they never took their fingers out of their butts.
Easy solution # 1
All those people you lay off when you shut down the government ha ha ha that 20 or 30% of non essentials? Tell them don't come back. They already proved they are not essential otherwise they would have stayed working. The Government truly NEVER Shuts Down.
Number Two . Quit Spending. and cut the old budget not the requests for increases in the unpassed next years budget.
Just think there's two reason that wil help you quit lying.
Forget about deficit banking, start thinking about explaining when the devaluations and repudiations of debt you caused goevernment are going to be reinstated through COLA or better yet demand those who voted for them to be sent to a prison camp.
Consequently and if iyou pop up the hidden message parts you will find this have changed to comply with whomever they are. The Gulch managers provide a great service to all of us and that is the important thing however finding out three or four days later was not as timely as i would have wished for.
In realclear.com home page the center lists a group of articles. One on the importance third parties. I just sent a letter through their Editor to the writers listing two points they missed and might wish to write about.
I'm going to post a discussion next and put hat up with an easy to find heading under NOW Category.
Thus things are being done in the proper manner and justice is served.