Monday, June 22, 2015

It's Time To Hold Physical Cash

Many financial advisers fear a systemic event and are urging their clients to hold physical assets such as cash:

http://www.zerohedge.com/news/2015-06-21/its-time-hold-physical-cash-fidelity-manager-warns-ahead-systemic-event


and

http://www.zerohedge.com/news/2015-06-21/more-and-more-warn-crash-coming

The father of a friend of mine had the wisdom and good fortune to have in his possession $1 million in cash when the banks closed during the Great Depression. He was able to buy up the distressed assets of the not-so-fortunate ones as a result.

The powers that be know that a financial crash of some kind is coming. That is one of the reasons why they are trying to institute a "cashless" society and make the ownership of gold by the masses illegal.


If you do hold cash, be very careful what you do with it, since civil forfeiture laws make it extremely easy for the police to take it away from you and extremely difficult to get it back. Here's one of the latest examples:


http://www.businessinsider.com/charles-clarke-had-his-life-savings-seized-through-civil-forfeiture-2015-6


What a world we live in !!!

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