How did cash in the bank go for the people of Cyprus this year ?
It may not happen tomorrow or next year, maybe not for years even but sooner or later the system will fail.
I personally see Silver and Gold as long term insurance against a totally corrupted and extraordinarily turtled system.
Sure I may be down a few dollars here and there at the moment but with my stack the risk is all mine, I do not have a third party risk to monitor or worry about when laws are changed with the likes of bail ins or bank failures, Govt deposit schemes or the weekly crap dished out by the financial string pullers like Goldman Sachs etc.
Au $ drops Gold and Silver is still Gold and Silver, America implodes, Gold and Silver is still Gold and Silver.
In the meantime, life as we know it and have become adjusted and accustomed to is poised on a knife edge. We now live in a society that is for most people solely involved in the here and now, social media and the 24/7 news cycle dictate the majority's appreciation of what life is. Attention spans and planning for the future have become shortened and expectations exaggerated, get it now on 36 month interest free terms with no job, savings, and bad credit and centre link recipients welcome.
Not so long ago people worked and saved, built a credit profile, did not expect overnight wealth and success in life. They relied on themselves and their family's to put a roof over their heads and food in their kid's mouths and planned for the future on a long term basis. IE five to ten years or so.
I might be sort of in the older demographic here but is five years too much to ask for a plan to come to fruition ?
How long before this becomes the norm ?
Shelves in Walmart stores in Springhill and Mansfield, LA were reportedly cleared Saturday night, when the stores allowed purchases on EBT cards even though they were not showing limits.
The chaos that followed ultimately required intervention from local police, and left behind numerous carts filled to overflowing, apparently abandoned when the glitch-spurred shopping frenzy ended.
The story goes on to report that one woman who racked up $700 worth of groceries had only 49 cents on her card. That's $699.51 in theft.
But that's the mindset of many (but not all) EBT card holders, you see: it's all about how much they can get away with stealing without getting caught. As it is virtually impossible to retrieve all these stolen items from EBT cardholders, these losses are going to have to be absorbed by either Wal-Mart or the federal government. In either case, other people must burden the cost of the theft.
http://www.naturalnews.com/042479_EBT_cards_Walmart_looting.html#
[youtube]http://www.youtube.com/watch?v=WXlvpmQ_ip8[/youtube]
