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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (33070)	2/18/2021 2:16:46 PM
From: GUNSNGOLD	3 Recommendations Recommended By isopatch roguedolphin SliderOnTheBlack Read Replies (1) \| Respond to of 50758

The take away from your previous post was to keep high levels of cash to take advantage of opportunities. What I am saying is I believe FDIC will not back the next banking crisis or we just print the dollars and give it to depositors. I agree about diversification between Credit Unions (my favorite) and well capitalized local banks. Diversification should be practiced and most here do. My singular point was on "cash in the bank" reference. My opinion is all depositors will be come a shareholder in the bank. Maybe only for accounts exceeding the FDIC amount, or FDIC could default and you have partial coverage, or you have full coverage. that is all I am trying to get a better perspective on. This will be the first time that we potentially declare a long "bank holiday" This is the type of event has been infrequent for the past 100 years. Maybe we get the digital dollar one for one for cash or it doesn't happen this time. However, we all agree that PM's will prove they are more valuable as an INSURANCE instrument than a Yield/Speculation instrument at this time. That was all I was saying. G-n-G

To: SliderOnTheBlack who wrote (33070)	2/18/2021 4:36:26 PM
From: maceng2	4 Recommendations Recommended By isopatch roguedolphin sixty2nds SliderOnTheBlack Read Replies (1) \| Respond to of 50758

<<The Euro is a basket case - Germany will leave first, collapsing the Euro, with money flooding into the dollar. Why do you think Britain never adopted the Euro? The EU was constructed by the City of London/EU oligarchs. The Germans were duped into becoming the ultimate bag holders which they are now coming to fully realize. There's going to be many huge events unfold over time before the US Dollar collapses, and being diversified (cash, physical precious metals, stocks, land, income properties, a small business etc) will be important.>> Yes, I think you are correct there. If we are to believe the main fake news sources, the recent strength of the GBP is being put down the the vaccination program being better then the European counterpart. I see the European protesters against Covid19 misinformation as enlightened. <<As things stand, the pound continues to benefit from added optimism on the vaccine front in the UK while the rollout in the Eurozone is still less than convincing. The EU managed to book additional supply with Pfizer and Moderna yesterday but the rollout has been less than impressive with supplies still said to be backdated to December for Pfizer, based on a Reuters report yesterday.>> EUR/GBP falls to lowest levels since April last year as the technical breakdown continues (forexlive.com) In the past, what Reuters said actually meant something. Today they are as believable as any other gutter press rag can be, and nothing more then that. I myself will be happy invest in any country that calls this Covid19 program for what it is, a very big (global) deception campaign. That country will probably lead the pack into any economic recovery. The 2008 event was well recorded on SI and elsewhere. If things follow that pattern, the USD should appreciate nicely on any stock market correction as the huge momentum develops turning foreign currency investments back into US dollars to raise cash.