Generational Dynamics Forum - New Site

[quote="John"]If you have a million dollars, then you might spread it around:[list]

[*] $200,000 in stocks, because you have so much money you can afford
to lose some

[*] $200,000 in gold, even though gold is in a bubble and will
probably lose 2/3 of its value, because you have so much money you can
afford to lose some

[*] $200,000 in one bank

[*] $200,000 in another bank

[*] $200,000 in cash hidden in your basement or your mattress[/list]

However, if all you have is a few thousands or tens of thousands of
dollars, then I recommend keeping it in cash in the current global
deflationary environment. You can still spread it around different
banks and your mattress if you want.[/quote]

John, you forgot quality hard income producing assets. However they tend to have a relatively high barrier of entry.

In either case, I think we can all agree that the goal is to get through this with some reasonable percentage of residual value, making a profit would just be icing on the cake.

If you have a million dollars, then you might spread it around:[list]

[*] $200,000 in stocks, because you have so much money you can afford
to lose some

[*] $200,000 in gold, even though gold is in a bubble and will
probably lose 2/3 of its value, because you have so much money you can
afford to lose some

[*] $200,000 in one bank

[*] $200,000 in another bank

[*] $200,000 in cash hidden in your basement or your mattress[/list]

However, if all you have is a few thousands or tens of thousands of
dollars, then I recommend keeping it in cash in the current global
deflationary environment. You can still spread it around different
banks and your mattress if you want.

[quote="John"]So, as I have in the past, I strongly urge readers to keep their assets in cash. In the deflationary environment of today, that's the best bet.[/quote]

There are those of us who believe that with central banks all around the world printing huge amounts of new money that it is only a matter of time before the values of paper currencies start dropping fast. If we are right, then gold and silver will do better than cash over the next 10 years. Time will tell.

John, you recommend, "So, as I have in the past, I strongly urge readers to keep their assets in cash. In the deflationary environment of today, that's the best bet. Seeking Alpha and Reuters"

hmmmm --

In what currency? Where do you keep it? Will it be banned? Leading German Keynesian Economist Calls For Cash Ban http://www.zerohedge.com/news/2015-05-16/cash-ban-calls-continue-german-economist-says-bills-and-coins-obsolete
"Coins and bills are obsolete and only reduce the influence of central banks."
----------------
Will it be confiscated so that you have to prove you earned it "legally" The War On Cash Destroys A Small Entrepreneur http://www.zerohedge.com/news/2015-05-16/war-cash-destroys-small-entrepreneur

"L & M comprises a gas station, convenience store, and a small restaurant serving hot dogs, hamburgers, and catfish sandwiches. One day last July, more than a dozen federal, state and local law enforcement agents swarmed Mr. McClellan’s business, including agents from the FBI and the North Carolina Alcohol and Law Enforcement agency—and they were “asking” for him. When Mr. McClellan arrived, he was escorted by two federal agents into his stock room for a private chat. The agents showed him paperwork indicating that he had made two cash deposits totaling $11,400 within a 24-hour period in his bank account at the Lumbee Guarantee Bank. They informed him that the papers also indicated that he had a history of “consistent cash deposits” of less than $10,000, which was a violation of the the Federal law against “structuring.” They also informed him that the IRS had seized all of the $107,702.66 in L & M’s bank account.

What Mr McClellan did not know was that it was against the law to make cash deposits of less than $10,000. Banks are legally obligated to report any deposit of more than $10,000 to the U.S. Treasury Department. But if an individual makes several cash deposits of less than $10,000 over an unspecified period of time that total more than $10,000, then he is presumed to be a money launderer or drug trafficker who is committing the dastardly crime of structuring,"
------------------

Or will they say -- all existing currency is null and void as of date xxxx exchange it for the new currency before date yyyyy currency over zzzz amount will not be accepted. Kinda like Argentina?
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If it is in a bank will the bank do a Cyprus?
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Precious metals as in FDR http://en.wikipedia.org/wiki/Executive_Order_6102
-----------------

hmmmm ---- suggestions?

17-May-15 World View -- Outrage grows over sting video of Lebanon MP planning terrorism

Stock market bubble accelerates explosion as economy falters

[i][url=http://www.generationaldynamics.com/pg/xct.gd.e150517.htm#e150517]** 17-May-15 World View -- Outrage grows over sting video of Lebanon MP planning terrorism[/url]
** [url]http://www.generationaldynamics.com/pg/xct.gd.e150517.htm#e150517[/url][/i]



Contents:
Outrage grows over sting video of Lebanon MP planning terrorism
Stock market bubble accelerates explosion as economy falters


Keys:
Generational Dynamics, Lebanon, Milad Kfoury, Michel Samaha, Hezbollah,
Syria, Bashar al-Assad, Rafiq Hariri, S&P 500 Price/Earnings ratio