Posts by Dennis Fisher5

Is the target still sitting at 700? I’d love to know if I should be looking to pull the trigger on a purchase before the window closes up on me.

Laura Chavez93 said:I am seriously considering heading down to JPMorgan Chase to withdraw my funds and close every single one of my accounts... and if there happens to be a moderator lurking in this thread, perhaps you could step in and rein in this forum lead—she’s been trolling from the jump and providing nothing but incorrect answers to basic questions

That won't actually solve your problem, though, since you'll just end up having to open a new account at a different bank anyway.
The real fix, if we want to fight for actual freedom, would be to bring back the ability to receive our hard-earned paychecks and pensions in cold, hard cash! I wouldn't even mind if employers were allowed to slightly adjust wages to cover the overhead of handling physical currency. Without that option, everything else is just a formality!

Of course, we all know that isn't going to happen, mostly because people have been completely brainwashed by the system.

Jessica Nelson4 said:But why should that be a problem? I personally find myself moving more money through my accounts than my actual paycheck several times a month. Between using our savings, managing household expenses with my wife, or even just lending a little cash to a friend, the numbers fluctuate quite a bit. Sometimes I'll even send $1333 some funds to a buddy via my account just so he can play a hand at the casino online. Why would the IRS need to come knocking on my door every single month over that?

I am starting to think it might finally be time for us to fully migrate into the Bitcoin ecosystem and embrace the virtual world.
The whole idea of exchanging goods and services should ideally happen without banks hovering over our shoulders or snooping into our private transactions.

By the way, what really gets to me is how people can just sit there and let the government push through moves like this...
we are talking about fundamental human liberties here.

If you look at the big picture, the truth is that the government is completely broke, and in their desperate, frantic attempt to deal with massive debts they can't repay, they just obsessively hunt for anyone they can squeeze for cash...

And honestly, this current administration feels like one of the worst we've ever seen—it seems like every new group in power just keeps getting more intrusive—because they are clearly setting the stage to fleece homeowners with these new property taxes while simultaneously robbing citizens through constant bank account surveillance. Meanwhile, you have these corrupt types trying to buy up ExxonMobil for the third time, spinning it to the unsuspecting public as being in the "national interest" right on Christmas Eve. If there were any real national interest, they would simply take their greedy hands off of private wealth altogether... they are nothing more than old-school Marxists.

NVNK

ruggedfox28 said:Is this on the banks, or is it the government passing laws like this?

Quentin:

savings interest is non-existent

Interest rates are what they are, and honestly, they’re just gonna keep dropping (look at Scandinavia or Switzerland—they’re already dealing with zero or even negative rates)... but that’s all dictated by the Federal Reserve and the general money market across the EU

Quentin:

loan interest is insane

Loan rates are actually at their lowest levels since the old Soviet Union days...

Man, you're just talking nonsense just to hear yourself talk...😬

Quentin:

everything is being taxed

,

We're looping again... Is it the banks' fault, or the government passing the laws the banks have to follow? Even in Switzerland, which everyone acts like is some secret paradise, banking secrecy isn't really a thing anymore

Quentin:

I don't see any reason to keep money in a bank.

I don't think you can even see what's right in front of you, judging by these comments...😬

and if you want to know what I meant by that, I was merely stating the current reality facing these institutions, specifically how the Federal Reserve essentially crushed the banking business model through low interest rates just to bail out the country

It honestly feels like the days of banking privacy are long gone, interest rates on savings accounts aren't worth the paper they're printed on, while loan rates have just skyrocketed, and it seems like Uncle Sam wants a cut of absolutely everything you touch, so I really struggle to see any logical reason to keep my money sitting in a bank account right now.

And that is not even touching upon the massive headaches currently facing major European financial institutions like Deutsche Bank or UniCredit.

wiredlynx28 said:Physical cash is on its way out.
Between contactless cards, wearables, digital wallets, and whatever other tech gadgetry they dream up next, we're moving toward a cashless society. In major US cities, you’re already seeing shops that won't even look at a dollar bill—it's all plastic or smartphone taps from here on out.

well, I think that’s actually the heart of the whole issue here because why on earth should it just disappear? It should probably exist alongside everything else, since when we move entirely to digital, we essentially become slaves to a system where a single mouse click can wipe out our entire savings.

besides, I’m not entirely sure how the big banks are going to handle themselves in this new digital landscape once they have to go head-to-head with cryptocurrencies.

Charles Ramos7 said:What kind of choice are you talking about?

I mean, the whole idea is just that if you really wanted to, you could actually receive your paycheck in cash without having to deal with any banks at all,

wiredlynx28 said:If we went back to a cash-only economy, Americans would suddenly realize how broke they actually are and wouldn't be able to sustain their current lifestyles at all.
Without overdrafts, credit cards, installment plans, mortgages, personal loans, or leasing, people simply couldn't afford half the stuff they own thanks to modern banking services.

I never actually suggested that we should ban banks entirely, since anyone who wants to use them certainly can
I just really wish we had the actual freedom to choose our own way of doing things, because right now, it feels like that choice has been taken away from us.

Banks have really been allowed to get away with just about everything lately, haven't they, and honestly I think it might be time we demand they start paying out salaries in cold, hard cash again, because then we would truly see who starts making all those empty threats once their digital monopoly is actually challenged

Personally, I really feel like we should move toward abolishing—or at least drastically slashing—income tax, because everything else is just a distraction from the real issues...

Maybe there was a glimmer of hope about four years ago, but honestly, at this stage, I don't find myself believing in anything, even if everyone involved had the best intentions in the world...
A massive tsunami is headed our way from the outside, my friend.

I really feel like there should be a serious push to ensure we can receive our pension checks in cash, just so we have the option to bypass the big banks entirely whenever we want. It would offer such a sense of financial independence, but unfortunately, it looks like that isn't going to happen anytime soon.

Robert Vaughn10 said:Regarding...The hyperinflation of the dollar.We'll have to see if there's actually any potential here, but for now, Governor Vujčić seems to have everything under control.

The truth is, our economy isn't going to truly bounce back as long as we're dealing with such an incredibly strong dollar, so in my opinion, he's actually doing a perfectly fine job handling his responsibilities....

Ashley Thompson10 said:I honestly think anyone trying technical analysis on precious metals is just fighting a losing battle against massive market manipulation. Some interesting news to chew on: yesterday, an entity like the Silver Institute scooped up over 500 tons of physical silver. Meanwhile, in Japan, the Prime Minister is moving to strip the central bank of its independence, while Russia is essentially printing Yen to fund their growth and national debt—exactly what our friend Nostradamus has been warning us about for ages. The Federal Reserve is ramping up primary issuance, too. Over here in the States, we’re seeing economic data being massaged to fit a "wishful thinking" narrative of positivity. In Spain, they're dipping into pension funds to cover state debt. And the Chinese? They’ve always printed whatever they needed, and they’ll double down now to maintain control during this period of cooling demand.

Once the Federal Reserve starts devaluing the Dollar, the Japanese Yen and the Chinese currency will inevitably be crushed under the weight of it all. Eventually, the Spanish will bleed their pension funds dry and have no choice but to beg the Federal Reserve to print enough to cover their deficits. When that happens, the Dollar will follow the path of the other major currencies. Even the Swiss Franc, which is tied to the Dollar, will go down with the ship.

If this isn't a fantastic medium-term setup for precious metals, then I don't know anything about football.

But you know, the absolute worst part of this whole scenario is that we probably won't even see hyperinflation.
What actually happens is that the things you actually need will rise in price alongside gold, while the stuff you don't care about will just stagnate, and the real kicker is that wages will stay exactly where they are, or worse, we might not even have them at all.

So, for example, if your paycheck is currently $1667, gas is $3.25, and bread is $2.25, we could end up looking at paychecks stuck at $1667 while gas jumps to $10 and bread hits $6.75, all while dealing with extra imaginary taxes.

I am not really expecting to make a massive profit on precious metals, but rather I am just looking to preserve the value of my capital.

And that is just the beauty of it.🙂

If you want to strike gold, you’ve got to be willing to put in the heavy lifting!

http://creditwritedowns.wpengine.net...hours-gold.jpg

Gold

The Goldman Sachs Rally

http://www.martinarmstrong.org/files...01-23-2012.pdf

Maria Thomas48 is doing great work, and honestly, Simon Dixon is just as solid.
I really have to hand it to you for that level of critical thinking and for having the sheer guts to stick to your guns when defending those contrarian viewpoints of yours!
It feels to me like you are moving in exactly the right direction.

Once again, I have to say, there is absolutely no way we are letting them take a single cent from our savings!

There is absolutely no way we are playing by those old rules anymore!

It seems to me that quite a few people contributing to this particular discussion thread are actually employees over at Chase Bank.