December 11, 2010
John Williams of ShadowStats Warns Hyperinflation Will Start in the Next Couple Months!
Williams is a respected economist who has a high level understanding of the fundamental numbers behind our economy, so his forecasts and recommendations should not be taken lightly...
August 5, 2011
Money torrent prompts US bank to charge to hold cash
Bank of New York Mellon is preparing to charge some large depositors to hold their cash.
Cash is becoming so valuable that some banks are thinking about charging investors to store it. This is not exactly a load up the wheelbarrow with reams of useless cash to buy one share of Alcoa kind of day apparently.
August 5, 2011
U.S. stocks clobbered; Dow off 513 points
Alcoa Inc. AA -0.31% was the worst decliner, down 9.3%.
This post inspired by Mish and dd (from the comments of my last post).
See Also:
Of Nickel, Shadowstats, and Mung Beans
Nickel dropped well below $10 not long ago, climber back over $11, then dropped to around $10.50 today. I am still hoarding nickels for their sweet satan sandwich of 75% copper and 25% nickel. 12,000 and counting. Someday, I hope to sell them for some crazy multiple of face value, but if not, I have deflation protection and the bank is not charging me to store them. I don't really have high expectations, but it's a good conversation starter (or ender).
ReplyDeleteMr Slippery,
ReplyDeleteI don't really have high expectations, but it's a good conversation starter (or ender).
I'm certainly not going to heckle your idea. That's pretty much how I feel when I bring up 0.0% I-Bonds in public. Other than one relative, I've never met anyone who has even heard of them. That doesn't necessarily imply that they want to hear about them though, lol. ;)
Mark,
ReplyDeleteadd me to the i-bond list, even at 0 percent, been buying them since 2001.
fried,
ReplyDeleteI just added you to the list. Should it all fall apart I promise to keep the list safe. ;)