spatial
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Post by spatial on Dec 11, 2019 17:18:44 GMT 10
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frostbite
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Post by frostbite on Dec 11, 2019 19:08:32 GMT 10
We will know in a week if this guy was correct or just another in a long line of wolf cryers who got it wrong.
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spatial
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Post by spatial on Dec 11, 2019 20:04:32 GMT 10
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Post by Joey on Dec 12, 2019 9:18:58 GMT 10
Reading that, it comes across as the author is a leftist wingnut But saying that, I foresee a lot higher potential for multiple civil wars to erupt around the world starting in 2020 as a trigger for or by a financial breakdown. |
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spatial
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Post by spatial on Dec 13, 2019 20:14:33 GMT 10
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Beno
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Post by Beno on Dec 13, 2019 22:05:19 GMT 10
any other source other than zerohedge? just saying Tyler Durden died in an almighty explosion.....
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spatial
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Post by spatial on Dec 13, 2019 22:39:06 GMT 10
It is being discussed all over and the reaction by the US federal reserve bank says it all.
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Post by spinifex on Dec 14, 2019 7:21:59 GMT 10
Ah yes. The good old reserve banking system. I have utter faith that they'll prop up the consumerist system of accumulating more crap than anyone ever needs.
They are the purveyors of beer and circuses while agricultural output is declining.
I wonder how much food the average 'investment portfolio' will buy in 2050?
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Post by spinifex on Dec 14, 2019 7:30:17 GMT 10
I bet in the foyers of reserve bank buildings they now have corporate-capitalist Nativities on display. Joseph and Mary are the humble consumers, jesus their superannuation mutual fund comfortably nestled in a manger of financial markets and risk sharing instruments, reserve bank chairmen are the three wise men following the DOW Jones star and providing gifts of low interest credit, QE and fiscal stimulus.
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frostbite
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Post by frostbite on Dec 20, 2019 4:20:04 GMT 10
The world is still turning, the economy hasn't crashed. Looks like just another in a very long line of 'experts' screaming the end is nigh as clickbait.
Yawn.
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Post by spinifex on Dec 20, 2019 8:59:28 GMT 10
And one day they will be correct.
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frostbite
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Post by frostbite on Dec 20, 2019 16:11:38 GMT 10
And one day they will be correct. Eventually they will be correct, but I won't be basing any decisions on the musings of a false prophet. |
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Tim Horton
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Post by Tim Horton on Dec 21, 2019 7:21:38 GMT 10
Coincidentally.... On another forum a member said he stopped at his local bank he had used for years, to withdraw some cash for holiday shopping. The bank was out of cash other than less than $500 in 1s, and 5s.... Saying come back later as they had ordered cash from there source. Later the poster said the bank was saying they had been refused extra cash, so he closed the accounts for a check to be deposited at a bigger, more well known bank name. Coincidence or start of a trend  |
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bug
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Post by bug on Dec 22, 2019 14:37:43 GMT 10
Coincidentally.... On another forum a member said he stopped at his local bank he had used for years, to withdraw some cash for holiday shopping. The bank was out of cash other than less than $500 in 1s, and 5s.... Saying come back later as they had ordered cash from there source. Later the poster said the bank was saying they had been refused extra cash, so he closed the accounts for a check to be deposited at a bigger, more well known bank name. Coincidence or start of a trend This happens from time to time. Quite often you have to order in the cash if you want to withdraw a large amount. Sometimes they run out for no particular reason. In general, banks (and other businesses) try to minimise cash holdings as there is a cost associated with it. |
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Tim Horton
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Post by Tim Horton on Dec 22, 2019 15:33:22 GMT 10
This happens from time to time. Quite often you have to order in the cash if you want to withdraw a large amount. Sometimes they run out for no particular reason. In general, banks (and other businesses) try to minimise cash holdings as there is a cost associated with it.
<<<<<<<
Yes... There is a cost to the bank.. In that any dollar that is available in cash is a dollar that is not loaned out some how making interest.
Coincidence that people doing last minute holiday shopping depleted the cash at that bank ?? Most places won't let you order or take out over $1000 cash. They will want to give you a check.
>>>>>>
There is a trend quietly starting it seems that people are taking money out of band accounts and only keeping a minimum over there normal expenses in any given institution. Checking and saving account interest is relatively nothing, so that is not a factor in keeping money on account. A genuine SHTF event of most any kind, or even something as localized as the computer being down in the branch you bank with can tie up every dime you have.
The old saying, don't keep your eggs in one basket..
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bug
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Post by bug on Dec 22, 2019 18:10:35 GMT 10
Fair point. Right now is a good time for preppers to hold some cash. If you have no debts, there's really no point to putting your money in the bank. Pitiful interest and you still get taxed on the dividends.
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frostbite
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Post by frostbite on Dec 22, 2019 18:35:00 GMT 10
Fair point. Right now is a good time for preppers to hold some cash. If you have no debts, there's really no point to putting your money in the bank. Pitiful interest and you still get taxed on the dividends. My dilemma. What to do with large sums of money? Keeping it in cash is risky, putting it in the bank is risky, buying another property just sees the government take even more of your hard earned in stamp duty and taxes. |
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Post by SA Hunter on Dec 22, 2019 18:59:12 GMT 10
Fair point. Right now is a good time for preppers to hold some cash. If you have no debts, there's really no point to putting your money in the bank. Pitiful interest and you still get taxed on the dividends. My dilemma. What to do with large sums of money? Keeping it in cash is risky, putting it in the bank is risky, buying another property just sees the government take even more of your hard earned in stamp duty and taxes. You could invest in the SAHunter Go Fund Me Prep fund - I'll even return any unused $$. |
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bug
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Post by bug on Dec 22, 2019 19:57:29 GMT 10
Well, I've got US$15,000,000 that I need to get out of Nigeria, if only you'll send me the cash release fee.
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spatial
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Post by spatial on Jan 5, 2020 16:28:19 GMT 10
Deutsche Bank derivatives explained, and how close they are to failure.
It is a fair bit of financial jargon but made simple how the economic systems work and how fragile they are.
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