This is what I am hearing ‘on the streets’ as very wise street knowledge from people I have known in the past and from a couple members of my poker gang. These ‘street wise’ people are not wealthy people but do have life savings to be concerned about for their protected future financial well being. These people are opening-up off shores banking accounts and putting part of their savings in other world currencies. It seems to me their favorite is the German Deutsche Mark. I have not done this for I only have a meager savings account. But, I have some small real-estate holdings, and if I ever liquidate I think I will put a small % of my savings in a foreign currency. I have not investigated how to go about opening an off-shore account, but I am getting a little worried about what I am hearing/seeing on the streets. The best way I know how to present this to anyone who may be interested is through the following 3 links. Be sure to read them in the order 1-3. Be sure to note the first link was written in 2011, mainly by what Bernanke did in the Great Recession (2008) pertaining to the Federal Reserve banking system. Then be sure to note by reading link # 2 that what was said in link # 1, IT IS NOW BECOMING A REALITY TODAY! Actually, I am not smart enough to understand fully what this could possible mean for the future of USA banking system, but am smart enough to see the possibility of the timing for this with Sidereal Mundane Astrology Solar Ingresses. If the 12 Federal Reserve Banks in this Country became insolvent on their balance sheets and had to beg Congress & the Treasury for a bailout, it definitely spook the markets.
I will post more when I see/learn more. If anybody else has info about this topic, please post.
1: https://www.forbes.com/sites/baldwin/20 ... k-go-bust/
2: https://www.msn.com/en-us/money/markets ... li=BBnbfcN
General discussion. What do you want to talk about?
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