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EUROZONE CHIEF: Personal savings accounts in Spain, Italy will be raided to save euro
#1
And the dominoes are falling.....

Socialism----It's works so well til you run out of other peoples tax money....then you just raid it all !!!!!!!!!!!!!!!!

http://www.telegraph.co.uk/finance/finan...chief.html

Savings accounts in Spain, Italy and other European countries will be raided if needed to preserve Europe's single currency by propping up failing banks, a senior eurozone official has announced. .....................
"In 4 more OMao years you won't like how America looks....I guarantee it."
“When injustice becomes law, resistance becomes duty.” -- Thomas Jefferson
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#2
Ashes to ashes, they all fall down.
tolerance for failure meter... LOW
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#3
And the domino effect is eventually going to cross the bridge.....
Error 396: Signature cannot be found.
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#4
Like whores in a freezer.
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#5
This is why I don't like concepts like 401Ks. Almost all of my money is "virtual" money. It can be wiped out in an instant, if someone wanted to. That someone, being of course, the government. There isn't a pile of money with my name on it..., no gold, no silver, not dollar bills, nothing. Just 1's and 0's that can be erased with the click of a button. It's fuckin scary. But we're trapped. What else am I supposed to do? Cash in everything and hoard gold and silver? Or just hope that in 30 years, my 1's and 0's still exist? They've really got us by the balls, ever since the creation of the fed and fiat currency.

Justin
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#6
JustinHEMI;91271 Wrote:This is why I don't like concepts like 401Ks. Almost all of my money is "virtual" money. It can be wiped out in an instant, if someone wanted to. That someone, being of course, the government. There isn't a pile of money with my name on it..., no gold, no silver, not dollar bills, nothing. Just 1's and 0's that can be erased with the click of a button. It's fuckin scary. But we're trapped. What else am I supposed to do? Cash in everything and hoard gold and silver? Or just hope that in 30 years, my 1's and 0's still exist? They've really got us by the balls, ever since the creation of the fed and fiat currency.

Justin

No, but you could roll your 401k into an IRA. If you got with the right company you could have part in physical precious metals, and the rest in appropriate stock, bond, mutual fund type investments. It would give you some security, not a lot maybe since someone else would be holding the physical metals but still.
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"The problems we face today are there because the people who work for a living are outnumbered by those who vote for a living." Dan Cofall
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