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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: jlallen who wrote (704886)	3/19/2013 11:47:30 AM
From: longnshort	Read Replies (1) \| Respond to of 1576704

obama and the dems are going after the 401ks here. if they win the house it will happen. they already have a plan. they take all the money in 401ks and give you 3% return.... for a while then 2 %......1% ....and then 0% and a speech about how it's Bush's fault

To: jlallen who wrote (704886)	3/19/2013 11:58:32 AM
From: Taro	Read Replies (2) \| Respond to of 1576704

More likely Spain IMHO. /Taro

To: jlallen who wrote (704886)	3/19/2013 12:02:38 PM
From: Taro	Read Replies (2) \| Respond to of 1576704

A US friend of mine made this comment: The world's global banking system runs on trust..… Depositors trust a bank with their savings in the belief they can access those savings (and buying power) on request. Destroy that trust, and you destroy the system. That trust was broken today in Cyprus. And it will have severe consequences for the Euro and European banks. Will the Swiss or any other banks look out for YOUR money when the shit keeps hitting the fan? I believe the bank levies in Cyprus are simply the latest move toward a new form of global socialism. All tied to the abuse of paper money. In the long run, the only REAL money is gold. Human history has proven that, over and over. Governments hate it, and deny it, but the fact remains. Governments can and do constantly manipulate the buying power of paper money, but they cannot manipulate gold's buying power. And that is a fact they hate, but are near powerless to do anything about. Even the U.S. gov't, that confiscated gold in the 1930's, they feared it so much. Just another case of the oligarchs looking out for themselves to the detriment of the little people. Gold and the dollar both rose on news of Cyprus' bailout. The Euro hit a 3-MONTH LOW of less than $1.29. And remember, the Swiss promised the CHF will follow the Euro as it goes down. YOUR buying power being washed away when you trust the Swiss, or anyone else, to protect you. (If you have trusted family/friends in enough other countries, a far smarter strategy would be to send a little to each one and have them buy and hold gold for you in their countries, concealed somewhere against their countries' governments. Since Japan is currently intent on inflation of the Yen, that might be a good place for a goodly portion of that money - held in gold behind a bamboo curtain. Anywhere in Europe is about the last place I would consider, except MAYBE the nordics.)