“That’s money in the bank” is on old expression of the surety of the value of money housed inside a banking system. But today savers are being clobbered by less than 1% interest being offered on saved money + erosion of purchasing power due to inflation.
It’s almost embarrassing that we did not note and share this article when published over 5 years ago. This article should have been spread far and wide that very day!
This article is not a rant, but excellent insight into the politicians hiding in the shadows and how they control and manipulate the entire government/political scenario.
The nonpartisan Congressional Budget Office is acting in a bipartisan way to cover up the biggest single threat to the bipartisan political alliance that is stripping America of its wealth: the United States Congress.
There is no question that the following policy is bipartisan. Democrats and Republicans in Congress
are completely agreed that the following information should not get out to the American people, namely, that the present value of the United States government’s off-budget liabilities is over $200 trillion.
This is a re-post from Lew Rockwell.com. I copied it here because this may well be a very legitimate concern and requires your action to protect yourselves; Act accordingly. For ourselves, we’re juggling things to move our money out of our bank accounts. We’ve been discussing this at home for several months. It seems not that easy! If you have thoughts on how best to do this, please comment. Thank you, Dean Striker
Bottom line: You are playing with fire if you keep any serious amount of money in a US bank.
It is time for serious diversification. Depending upon the size of your assets, there are different things that should be done. But almost everyone should have some cash and gold coins stored outside the banking system.
Mises Daily: Thursday, June 07, 2012 by Thorsten Polleit??? Today’s worldwide paper-, or “fiat-,” money regime is an economically and socially destructive scheme ? with far-reaching and seriously harmful economic and societal consequences, effects that extend beyond what most people would imagine. Fiat money is inflationary; it benefits a few at the expense of many […]
IF America is ever to resume Liberty, the Federal Reserve must go. TheFed being Congress’ Partner in Crime, Congress has retained it for 98 long years now, and ignores all calls to End the Fed. TheFed’s only assets are it’s UNSECURED fiat dollar and Treasury Debt expressed in terms of the same fiat dollar. Thus […]