Long Position on Silver and Gold?

[sellersm]

Yup, if you cannot stand over it with your AR15 you do not own it.

Calling investments with Wall Street "yours" is the same thing as calling the Denver Broncos "your" team. It ain't your team and it ain't your money because someone else has actual possession of it.

It's now that way with the $$ in your bank! We, the depositors, are now considered "unsecured creditors", thanks to the recent G20 summit! Gotta love it... Coffee cans & mattresses look better every day.

One article that explains:http://bilbo.economicoutlook.net/blog/?p=29645

Pertinent quote:

So ordinary depositors will become unsecured creditors (the largest group for a deposit-taking institution) under the new laws enacted in the G20 nations. The resolution process (that is, the bankruptcy procedure) would see deposits confiscated and turned into equity or liquidated to pay off secured debtors.

[roberth]

It's now that way with the $$ in your bank! We, the depositors, are now considered "unsecured creditors", thanks to the recent G20 summit! Gotta love it... Coffee cans & mattresses look better every day.

One article that explains:http://bilbo.economicoutlook.net/blog/?p=29645

Pertinent quote:

Yes! Then the bail-ins start, the government says to the bank, "you may confiscate deposits to make yourself whole" so the bank does it and you wake up with 25% less money than you had yesterday. In Cyprus everyone whose account held X+1 got the haircut, if your account held X-1 you were still whole.

One of the reasons this hasn't happened in these United States is because there are 400 million guns in the hands of 80-100 million people. Hitler, Stalin, and Mao were ahead in that game because the citizens of their countries didn't have the huge gun culture we have in this country.

[Dave_L]

It's now that way with the $$ in your bank! We, the depositors, are now considered "unsecured creditors", thanks to the recent G20 summit! Gotta love it... Coffee cans & mattresses look better every day.

One article that explains:http://bilbo.economicoutlook.net/blog/?p=29645

Pertinent quote:

Plan accordingly.

[Aloha_Shooter]

It's now that way with the $$ in your bank! We, the depositors, are now considered "unsecured creditors", thanks to the recent G20 summit! Gotta love it... Coffee cans & mattresses look better every day.

One article that explains:http://bilbo.economicoutlook.net/blog/?p=29645

Pertinent quote:

Unfortunately, not really new. This started with the way the Obama Administration and Chicago Mercantile Exchange let Jon Corzine raid depositor accounts so he could pay off J.P. Morgan.

[sellersm]

Unfortunately, not really new. This started with the way the Obama Administration and Chicago Mercantile Exchange let Jon Corzine raid depositor accounts so he could pay off J.P. Morgan.

Yep. This has been in the IMF playbook for a long time.


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