muses of the moment

November 19, 2012

Update on Shadow Banking

Filed under: Bailout Nation, Credit Derivatives, Economic Crisis, The Banking Crisis — totallygroovygirlfriday @ 12:09 pm

The scariest global number after the $700 Trillion dollar derivative market is the shadow banking market clocking in at $67 Trillion.

Click here.

These markets will make sure the next crisis is completely global, a dangerous set for falling dominoes.

Nothing is fixed. Make sure you are protecting your financials. The government will not do it for you. There is no excuse, 2008-2010 showed us exactly what will happen to the investor, saver, and the employed, and the fall out after.



  1. aside from owning physical gold, what other key stps have you identified as prudent measures to protect ones financial health in preparation for the big reset?

    Comment by Anonymous — November 20, 2012 @ 7:07 pm

  2. aside from owning physical gold , what other steps have you identified as being key for one to protect their financial health in preparation for the ‘big reset’ crisis?

    Comment by Caa — November 20, 2012 @ 7:09 pm

  3. Anon,

    In order of importance:
    Protect your investments from being “stolen”.
    Get out of debt and stay out.
    Be prepared for long-term (6 mos to 1 year) unemployment.
    Buy investments that will work against the falling dollar.

    Some examples of the above.

    Owning physical silver and gold.
    Making sure any cash you have is in at least 3 different banks, with one outside the US, if you have a lot of money.
    Have some cash at home for emergencies.
    Making sure long term stocks are in your name, not your brokers.
    Making sure if you are doing alot of trading, you have accounts with one or two brokers. Only hold the amount of money needed to trade short term in the account. Sweep all else into the three bank accounts.
    Buy some food and water. You should already have this for emergencies and/or long-term unemployment.
    Don’t trade on margin.
    Get rid of debt and don’t get any new debt.
    Trim your monthly expenses as much as possible and save the difference.


    Comment by totallygroovygirlfriday — November 21, 2012 @ 12:09 pm

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