Savers Protect Your Deposits From Bankrupting Banks and Quantitative Inflation

smeagold

The Euro-zone continues to teeter over the edge of the financial abyss as bankrupting countries that cannot print Euro's threaten the collapse of its banking system that would would soon collapse the whole global banking system in a matter of hours as electronic bank runs sweep across the worlds financial system resulting in trillions of dollars worth of deposits being withdrawn in a matter of hours and thereby collapsing first the Euro-zone and then within 24 hours the UK, USA and Asia along with it. My recent article (Euro-Zone Prepares to Print Trillions in Advance of Greece Debt Default) covered the potential consequences for the world in the event of financial armageddon, this article continues on from the last article that covered the inflationary depression consequences of money printing that the likes of Britain and the United States are engaged in and that the Euro-zone WILL eventually replicate (Bank of England's Quantitative Inflation Bankster's Paradise Inflationary Depression Economy ).

The focus of this article will be on concrete steps that depositors need to take now to reduce the real risk of the actual loss of their funds on deposits at bankrupting banks before they should go on to protect against the ongoing real terms loss of value in the face of the perpetual money printing Quantitative Inflation Mega-trend.

Read more at:

http://www.marketoracle.co.uk/Article31124.html

JonnyBravo

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Read more at:
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Sorry I'm stil reading Dom Frisby.

oldvicar

I enjoyed reading smeagold's article. Thankfully not everyone will take his advice, else those poor call centre staff in Glasgow will be overwhelmed.

worldtraveller

The same derivatives argument as before....nothing has basically changed. As I posted back in early 2008, before it became another financial buzzword, "derivatives have grown into a massive bubble, from about US$100 trillion in 2002 to US$516 trillion in 2007. You only need a very small percentage of this to "go bad" to cause huge problems in the financial sector. The total value of the world's real estate is estimated at "only" about US$75 trillion and U.S. annual gross domestic product is about US$15 trillion!"

The inherent risk of armageddon due to a derivatives based meltdown still exists and will continue to exist. That doesn't mean it's going to happen of course, but it could!

chewmylegoff

Flight2quality wrote: »

Of course houses and gold long, long term always go up.

But in the mid to short term they go through cycles.

Much of the time they go through opposite cycles, one is undervalued while the other is over valued.

During the last big housing boom gold (and silver follows gold closely) went seriously undervalued now the housing bubble is popping and gold is on its way to becoming a bubble.

The trick is when gold is cheap buy gold and when houses are cheap buy houses.

At the moment gold and silver are cheap and houses are opposite.

At the end of this decade (maybe sooner) gold and silver will not be so cheap any more but houses will be the opposite.

Then the cycles will reverse as gold becomes overvalued and houses become undervalued.

how many threads are you going to copy and paste that on to? must be at least the fourth time you've posted exactly the same thing!

Flight2quality

chewmylegoff wrote: »

how many threads are you going to copy and paste that on to? must be at least the fourth time you've posted exactly the same thing!

Exactly, and everytime it gets censored.

We are keeping screen grabs of everything that is being censored on this website.

One day someone will have to answer as to why freeness of speach is not allowed on this forum.

wotsthat

Flight2quality wrote: »

When the day of reconing comes someone will have to answer as to why freeness of speach is not allowed about this.

Is freeness of speach similar to freedom of speech?

chewmylegoff

wotsthat wrote: »

Is freeness of speach similar to freedom of speech?

it looks similar, but is somehow strangely different.

Wheezy_2

wotsthat wrote: »

Is freeness of speach similar to freedom of speech?

Don't mess with the Silver Liberation Army, wotsthat!

FTBFun

Flight2quality wrote: »

One day someone will have to answer as to why freeness of speach is not allowed on this forum.

Because its a privately owned forum, so "freedom of speech" is irrelevant.

They haven't modded that post btw.

Procrastinator333

Flight2quality wrote: »

Exactly, and everytime it gets censored.

We are keeping screen grabs of everything that is being censored on this website.

One day someone will have to answer as to why freeness of speach is not allowed on this forum.

:eek: Blimey. Not a screen grab. :eek: The MSE team's days are numbered.

One thread they didn't take down was Smeagolds implosion on a thread about his favourite film, "wake up call". He never did manage to respond in any coherent way to my questions. Perhaps now you are back you could revisit that thread.