iBankCoin
Joined Apr 19, 2009
721 Blog Posts

You Sure You Want Some of This?

 

[youtube:http://www.youtube.com/watch?v=YuHYMv_6KNU 450 300]

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Defense wins championships, right?  It also keeps one alive to survive and advance.  With Cypress pulling out the last minute levers to confiscate “excess deposits” in order to balance its public accounts, how good are you feeling about “independent” depository institutions right now?

Sure, I know.  None of that stuff could ever happen in the U.S.   We’ve only got $20 trillion or so in 401k assets across the country.  We’re only a Bloomberg decision away from your friendly gummint deciding that asset plan could be much more “sustainable” under their “supervision.”  And heck, what’s safer than gov’t treasuries after all?’

Remember, they are just looking out for your best interests.

But own some physical gold and silver anyway (now’s a great time to pick some up for the longer haul).  And you know what?  A Kimber ACP might not be the worst idea either.

Best to you all.  Go Cards.

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10 comments

  1. MX2101

    My view- It is unfortunate that those with wealth must take these protective steps on the back end, because of the actions of those on the front end. In short- all this starts with the ignorant masses you may see milling about today in your city. The “little people” have far more economic power than they believe, and their stupid choices drive this madness.

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  2. bobbin4apples

    Amen. Go cards.

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  3. EvanBFI

    Stop teasing us. What are your thoughts on the miners?

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    • BathSaltTrader

      I can’t speak for the good senator JakeGint, but i’m going to go out on a limb and say at these ridiculous prices, like me, he’s more bullish than ever.

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      • Jakegint

        My status remains unchanged. I still have some dough free if prices get any lower in the miners (and maybe even for some physical). My thoughts, however, are that we are pretty damn close to shaking the last out of the weak sisters.

        Oh, and I think you can take the Cards with the points.

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  4. bankindamonkey

    BAA is getting its tits lit with the new offering!

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  5. Juice

    ANV stairway to hell! yowzer, just looked at that for 1st time in long time .. elevator shaft to basement

    volume looking capitulatory, she said .. maybe I take a stab for the new Q2 .. prob was victim of Q/end dumpage

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