posted on Sep, 17 2008 @ 09:33 PM
if you actually need the money (i.e money is tight)
take your money out if it is in an investment bank. SELL most shares
as long as housing prices go down bank stocks will follow !!!
If you don't really need the money, well you may want to keep it in, but i got to admit i would prob sell them anyway, they might just go under.
The pundits on tv will hardly ever tell you to pull your actual money out of a bank , because they don't wan't to incite panic! Banking is a
confidence game, it is a mind F%$K. The banks loan out so many more times there reserves that falling collateral (house prices) and pulling deposits
restricts there ability to lend by a factor of 10. concerning deposits make sure you are FDIC insured but REMEMBER it will take alot of people a
while to get there money back cause the fdic does not currently have the money to back up much deposit losses.
If you have a good safe i would put it there. But what is good advice for an individual is not good advise for the country, if everyone followed that
good advice all the banks would go under.
The REAL PROBLEM is that the top of the economic pyramid is having trouble pilling more debt on the bottom of the pyramid (upper middle down thru the
lower classes) . This is the perspective you will rarely hear.
think of the economy as having two sides. A production (industrial side) and the FIRE sector (finance, insurance, and real estate). The fire sector
has been growing as the corporations and lobbyists in these industry's have gained more and more control thru lobbying $$ the politicians over the
last 70 years. They succeded in getting wonderful reductions in there taxes , the federal gov't basically went from taxing these groups to borrowing
from these groups (and paying them interest) this must be understood and told. there is a revolving door between public and private sector employment
in washington which leads to the "regulators" being mostly nothing more than the "foxes guarding the henhouse". .
the top of the economic food chain (the creditors) are finding it increasing difficult to generate more and more debt to keep the ponzi scheme
going. they can't really pile much more on the lower classes, (not like the lower classes could take on much more anyhow!) they pulled out all the
stops. Deregulation, extraodinary high leverage, loaning to people much more money then they could ever pay back, almost like they were taking full
advantage of what they knew was going to be the last hurrah. They did not do this because they thought it was going to be good for the economy, they
did this out of greed and because they could. Make no mistake, the system has worked great for the wealthy "money changers", it has not really
"failed" it worked as they wished for as long as it can. You will not hear this perspective on TV and you will not read it in any college
economic class (which are given generous endowments from the fire sector beneficiary's)
you have been taken for a ride
the MAGIC of compounding interest makes it nearly impossible for the majority of people to pay all there debts. Fractional reserve banking at
interest always ends the same way.........with debt slaves. I believe The feudal system of debt peonage is returning. Kind of like the way things
worked century's ago. Intelligent powerful people know this eventually happens, and they have been planning for a new social infrastructure in this
now " global" economy for a couple generations......this will be the NWO.......this will be a process that unfolds over YEARS and not an
p.s due to this county's (and many others btw) dependance on easy credit and dependance on the service sector for employment , the real economic
(insert D word) has the best % to take hold when the upper class, (top 75-95%) of the money earners get pinched HARD and LONG, the downward
re-inforcing spiral of unemployment and less consumer lending/spending will be .............sobering........and even historic ..........the depth of
this plunge IMO will be determined by the TIMING and enactment of a massive GOV'T WORK program generally related to clean technology. lots of pain
must be handed out first to get the wheels of change to sense the urgency to turn. This is the BEST and most likely PATH given the puzzle pieces in
place. You will probably have to play by the NWO's rules to get a job in the system, should this materialize. (this will probably mean getting a
"chip' as well as having less freedoms") but many people should do well in this job sector, depending on there preparedness and
connection.......you may want to get a leg up on the competition (education wise) or try and build connections in this area!
[edit on 17-9-2008 by cpdaman]