Notes for Saturday – September 03, 2016
On September 3rd, 1752, Great Britain and it’s colonies, including the future United States of America, officially adopted the Gregorian calendar, and it immediately became September the 14th.
Day: September 3, 2016
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The First Steps of IRA Confiscation Have Arrived, by Will Lehr
There is approximately $17 trillion sitting in retirement accounts, 401ks, and pensions. Sources of liquidity of such magnitude are certainly at risk in the face of the upcoming financial crisis. The U.S. government, its central bank, and its entire financial and banking system are about to face a massive shortfall for cash. In 2008 the bailout required via TARP was $700 billion, and estimates of backdoor easing and bailouts are in the tens of trillions, or more, not to mention the confirmed and admitted trillions in Federal Reserve off balance sheet transactions. This time the bubble is many multiples …
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Letter Re: Banking Questions
Hugh, August proved to be an eye opening experience regarding “Big Brother” and the banking system. We recently sold our home in a large metro area to move to our own redoubt in an adjacent county. During the underwriting process for a mortgage, the banker asked which bank has the money we identified as savings? Our savings was in physical cash, however, the bank underwriters won’t accept this when applying for a mortgage. The mortgage originator instructed us to get the money in our checking account. We proceeded to deposit cash every few days for a month. A couple of …
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Economics and Investing:
US Factory Orders Tumble For Longest Streak In History – B.B. o o o The Sinister Side of a Cashless Society – G.S. o o o Solid Hiring Without Wage Jump Tests Fed Hopes for Inflation o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.
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Odds ‘n Sods:
Video: Family of Seven Living Completely Off-Grid in Northern Canada o o o Cold Steel Rawles Voyager knife review video: (By fellow blogger Nutnfancy). o o o Crowds surge into the streets to demand recall of Venezuela President Nicolas Maduro – R.C. o o o Homestead Moma has an article on making a family oriented BOB: How to build the best bug out bag for large families – stop spending money on junk! o o o Could be time to stock up, depending on your needs : FDA Orders Antibacterials Removed From Consumer Soaps
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Hugh’s Quote of the Day:
“No weapon that is formed against thee shall prosper; and every tongue that shall rise against thee in judgment thou shalt condemn. This is the heritage of the servants of the Lord, and their righteousness is of me, saith the Lord.” – Isaiah 54:17 (KJV)
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