muses of the moment

August 15, 2013

Latest Blog Posts from Martin Armstrong dated August 14, 2013

Click here for Martin Armstrong’s latest blog post entitled Gold Outlook dated August 14, 2013. Includes a ECM chart.

Click here for Martin Armstrong’s latest blog post entitled Bail-In Crisis dated August 14, 2013. This is a good one. He explains how to protect yourself from the next banking crisis. Which will be a bail in, not a bail out. They will cut out the IRS as the middle man this time around 🙂 You have heard this advice from Martin (and gg) before, but it is worth repeating, and repeating. You must take action if you have not already.

Advertisements

6 Comments »

  1. GG,

    How does one find out if their bank would be one that would get nailed with a bail-in??? Will Credit Unions fair well?

    Comment by mikephila — August 15, 2013 @ 4:23 pm

  2. Mikephila,

    Only have your money in a bank that deals in deposits and lending only, no trading. Credit Unions are one options, BUT they are vulnerable as any other non-trading bank. Have your money in 2-4 different banks. NEVER have all your money in one bank or…….one brokerage, one account, one country (if possible), one investment class, one investment, one stock, etc.

    gg

    Comment by totallygroovygirlfriday — August 15, 2013 @ 6:20 pm

  3. GG,

    After watching RT news: https://www.youtube.com/watch?feature=player_embedded&v=NyemAwLD2N0 , I think our money is not safe anywhere and I hope I am wrong.

    RS

    Comment by Rob — August 15, 2013 @ 8:06 pm

  4. If you have money in any of these, you will be bailed in next time: http://money.cnn.com/news/specials/storysupplement/bankbailout/

    Comment by Montana Sacra — August 15, 2013 @ 10:55 pm

  5. Gg,

    Im slow … What is a “bail-in”?

    Comment by MikePhila — August 18, 2013 @ 10:13 am

  6. A bail in is when banks collapse (or hedge funds or brokers or insurance companies, or etc.) and need money to continue business and pay up on bets that went bad. But this time they will not get taxpayer money through the government or a bail out, they will steal it from the depositors. Such as what happened in Cyprus last years and with MF Global 2 years ago. It is possible that you will get part or all of your money back, but it may take a few years…

    Money that you do not have access to or you need a class action lawsuit to get back is not really yours.

    gg

    Comment by totallygroovygirlfriday — August 18, 2013 @ 1:09 pm


RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Blog at WordPress.com.

%d bloggers like this: