Article

2013-03-17 Economy

Making Mattress Stuffing Viable vs Banking

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Posted by Procopius2k 2013-03-17 00:00|| || Front Page|| [2 views ] Top

#1 Mattress stuffing has always been a viable option. I just haven't figured out how to come up with the 5% interest contribution to stuff in every year after that. Maybe I could rob other people's mattresses.

Posted by Anguper Hupomosing9418 2013-03-17 00:08|| 2013-03-17 00:08|| Front Page Top

#2 A run on ATM's and banks? Gee, we've never seen that before. [0sarc off]

No "matching" in matching 401K. No interest on CD. No interest on savings deposit. No guns or ammo available. Massive correction of market overdue. Rate of inflation rising. Obama - "National Debt of no immediate concern".

Posted by Besoeker 2013-03-17 04:13|| 2013-03-17 04:13|| Front Page Top

#3 Some lessons learned:
Spread whatever wealth you have as thinly as possible; multiple banks, multiple names on accounts, cash stashes, precious metals... I would even limit safety Deposit Boxes since those may not be privtae soon. The overseers will control by balance ranges, as in this article, (to minimize panic) and only allow small withdrawls from each account/institution.

Posted by airandee 2013-03-17 08:31|| 2013-03-17 08:31|| Front Page Top

#4 You will not be allowed to have wealth as it's been stolen, and the politically connected are going to make sure they keep theirs and you keep nothing.

Posted by Bright Pebbles 2013-03-17 12:40|| 2013-03-17 12:40|| Front Page Top

#5 Inflation starting to accelerate as well.

I've been looking into buying silver coins, but can't find a source without a significant premium over spot price. Might go for silver bars.

Posted by phil_b 2013-03-17 18:13|| 2013-03-17 18:13|| Front Page Top

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