Virginia Congressman Admits to the Existence of Child Trafficking in Fairfax County Virginia
---Virginia Moms Have Lost Their Constitutional Rights
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92,009,000 Americans Not Working...
Labor Force at 36-Year Low...
7 Million Have Left Workforce Since Obama Took Office...
Lethargic economy...
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Jim Willie Bombshell: China & Russia Have Accumulated Over 40,000 Tons of Gold Reserves for USD Replacement!
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Video of the Day – Teen Makes Nancy Pelosi Squirm with His Question on the NSA
---Virginia Moms Have Lost Their Constitutional Rights
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92,009,000 Americans Not Working...
Labor Force at 36-Year Low...
7 Million Have Left Workforce Since Obama Took Office...
Lethargic economy...
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Jim Willie Bombshell: China & Russia Have Accumulated Over 40,000 Tons of Gold Reserves for USD Replacement!
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Video of the Day – Teen Makes Nancy Pelosi Squirm with His Question on the NSA
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Don't have a plan B yet? Here's why you should have one...
June 6, 2014
Hamilton, Bermuda
Like most people, I love the beach. And Bermuda has plenty of really great beaches.
It's lovely here-- advanced, civilized, and friendly. But let's be honest, there are a lot of places in the world with great beaches. What really sets Bermuda apart-- what makes it unique-- is its favorable banking system.
In Europe and the United States, they seem to be going out of their way to destroy their banking systems.
The European Central Bank yesterday announced that they were even taking a key deposit rate NEGATIVE.
In doing so, they basically acknowledged that everything else they have been trying over the last several years isn't working. And now they're really desperate.
Just think of what this means to banks in Europe.
Conservative banks hold substantial cash balances. As responsible custodians, they safeguard their customers' money by maintaining plentiful reserves.
Now, banks in Europe will be penalized for doing this, and instead have a massive financial incentive to deplete their reserves and destroy their balance sheets with risky loans.
And as if they weren't screwing depositers enough already, interest rates are now going to fall even more.
It's not much different in the United States.
The average rate on a 1-year certificate of deposit in the Land of the Free, for example, is 0.88%. And of course you have to pay taxes on that. At a tax rate of 25%, that leave an after-tax interest rate of 0.66%
But based on the Labor Department's most recently released figures, the April 2014 CPI data showed the annualized rate of inflation to be 2%.
So if you believe the government data, you'd have to make at LEAST 2% just to ensure your savings doesn't lose any purchasing power.
If you're only making 0.66% interest (after taxes), you are losing over 1.3% annually if you hold your savings in a bank.
This provides a huge incentive to be reckless. Why bother saving money if you're just going to lose? Might as well go blow it all on a new car.
Of course, that's precisely what they want you to do. They want you to go out and spend all your money in order to prop up the economy. They want you to borrow money so that you can spend even more.
These policies make for very dangerous banking systems.
Banks now have big incentives to stuff their books full of idiotic, destructive loans... just like they did a few years ago during the US housing boom where they were giving mortgages to dead people.
JP Morgan holds a dangerously low 2% of cash equivalents as a percentage of customer deposits. Citigroup has failed its Fed-mandated stress tests. And Bank of America has had to make embarrassing corrections to its overstated levels of capital.
Ironically, most people simply assume that banks are safe. They're regulated by the government, after all... so nobody questions the sanctity of their balance sheets.
Candidly, where you hold your money should be a major decision, and it certainly bears a modicum of analysis.
In today's world, you no longer need to hold your savings in the same place that you live. Geography is irrelevant.
Just as you might move to a new city for the employment opportunities or to put your children in better schools, you can move your savings to a stronger, better banking jurisdiction.
Here in Bermuda, the entire banking system is extremely well-capitalized... and very liquid.*
On average, banks here maintain almost 30% of their customers' deposits in cash equivalents. And their margins of safety exceed 10% on average.
This stuff matters. Banks in the US and Europe are getting weaker by the month. And a prudent person would consider this trend, and the world of options available, when deciding where to hold his/her savings.
This, above just about anything else, is an essential part of having a Plan B.
You certainly won't be worse off for holding some savings at a stable bank overseas. But if the worst happens, it might end up being one of the smartest moves you've ever made.
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Why I’m Considering Quitting,’ Ann Barnhardt
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Glenn: Anyone who is rational knows violence is coming
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The Islamic takeover of the US is gaining ground.
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More jets and warships: US increasing military presence in Black Sea
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Onlookers steal groceries from SUV after driver dies in fatal crash - a shocking glimpse into the coming food riots
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Oklahoma, South Carolina Governors Repeal Common Core Standards
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Is the US Preparing to Launch a Nuclear Attack Against Russia and China?
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Economist: Banks Preparing to Charge Customers For Deposits...
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Shocking: The Death And Decay Of Detroit, As Seen From The Streets. Link in comments.
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Eric Sprott Asks: Did I Lose $10 Million From the Barclays Gold Take-Down?
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Western Banks Scramble As China's "Rehypothecation Evaporation" Goes Global
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One Ton Gold Shipment Into Hong Kong Revealed To Contain Just Worthless Metal
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Dave Skarica: Market Crash Coming Soon, Nearly All Stocks Will Drop At Least 30%.
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Most People In The World Are Experiencing Significant Inflation In Food And Energy; US, The ECB, And The UK Are All Living On The Edge, On Tick, And On The Expectation Of A Miracle.
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.-01% Interest Rates for EU Depositors, 70% Say Housing Crisis Not Over, Bergdahl Deserter
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| Last night while listening to the you on a previous Hagman show. You mentioned a concern you have about the feds taking over water resources via the EPA. | Jun 5, 2014 |
| Good morning Steve. Last night while listening to the you on a previous Hagman show. You mentioned a concern you have about the feds taking over water resources via the EPA. Well, I live in WA but acquired a 20 acre mining claim in north Idaho... read more / Are you ready for nuclear war? :Washington thinks nuclear war can be won and is planning for a first strike on Russia, and perhaps China, in order to prevent any challenge to Washington’s world hegemony / GRETA: Obama Threatened to Destroy Reporter’s Career Over Benghazi: We should heed the warnings of a former top NSA official that says that we’re already a police state, and if we continue on the current path, we’ll be a full totalitarian state. / Daddy, When Did America Fall? / Antibacterial Agent Linked To Breast Cancer | |
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Sheriff Calls DHS On Journalist For Making FOIA Request
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Doctors To Have "Private" Conversations With Your Kids About Sex
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Battle Of Athens Was Just The Beginning
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Nancy Pelosi Signing onto Agenda 21
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The Police State and Silent Weapons - Speak Out
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What's Immigration Doing For You?
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Republican Warns America Heading Way of Nazi Germany in Dramatic Farewell Speech Indiana treasurer Richard Mourdock warned that the possibility of U.S. bankruptcy will push the country the way of Nazi Germany during a speech on Saturday. “The people of Germany in a free election selected the Nazi party because they made great promises that appealed to them because they were desperate and destitute. And why is
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A shortage of guns and ammunition in the US has spread to Australian shores, causing problems for farmers, security contractors and sporting shooters across the country. Domestic importers say the shortage is being driven by the current gun debate in America. The managing director of Nioa, Australia’s biggest wholesaler of firearms and ammunition, says the
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Dating Lesson’ Asks Eighth-Grade Girls To Publicly Declare How Far They Will Go Sexually At least one pair of parents is fuming after their eighth-grade daughter came home from school saying that every student in her class had to indicate – publicly – how far they are prepared to go sexually. The incident happened this week at Woodland Park Middle School in the San Diego, Calif. suburb of San
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Brazil’s child sex workers forced to cash in on World Cup Brazilian kids as young as 10 are being forced to sell themselves for sex on the streets to cash in on the hundreds of thousands of soccer fans heading to the World Cup, a shocking investigation has revealed. As soccer fans descend on Brazil for the tournament this week, evil pimps are exploiting young children
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Godzilla? Huge shark eaten by mystery sea monster A huge 2.7-metre-long great white shark was eaten by an even bigger “mystery sea monster”, according to scientists. Researchers had tagged the healthy shark to track its movements as part of a study, but were shocked when the tracking device washed up on a beach in Australia four months later, just four kilometers away. Data
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http://drudgereport.com/
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ILLEGALS POUR INTO USA
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AMERICA STUGGLES WITH SURGE IN CHILD MIGRATION...
JUDGE: 'The government has simply chosen not to enforce border security laws'...
FEDS DROP PLANELOADS OF ILLEGALS IN EL PASO... 'YOU ARE FREE, YOU CAN LEAVE'...
HUNDREDS MORE SHIPPED TO AZ...
MEMO: 230,000 children expected over two years...
Growing concern of diseases...
No end in sight for 'dumping' policy...
White House Launches Program to Provide Lawyers...
Officers diverted from handling crimes...
Cruz: Obama 'lawlessness' responsible for crisis...
Cantor: Time to strike deal...
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5 dead in Vegas police ambush...
'This is start of revolution'...
Suicide couple took officers' guns and ammunition...
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http://drudgereport.com/
/
ILLEGALS POUR INTO USA
/
AMERICA STUGGLES WITH SURGE IN CHILD MIGRATION...
JUDGE: 'The government has simply chosen not to enforce border security laws'...
FEDS DROP PLANELOADS OF ILLEGALS IN EL PASO... 'YOU ARE FREE, YOU CAN LEAVE'...
HUNDREDS MORE SHIPPED TO AZ...
MEMO: 230,000 children expected over two years...
Growing concern of diseases...
No end in sight for 'dumping' policy...
White House Launches Program to Provide Lawyers...
Officers diverted from handling crimes...
Cruz: Obama 'lawlessness' responsible for crisis...
Cantor: Time to strike deal...
/
5 dead in Vegas police ambush...
'This is start of revolution'...
Suicide couple took officers' guns and ammunition...
/
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US deploys stealth B-2 bombers in Europe
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China creates 55 billion tons of artificial rain a year—and it plans to quintuple that
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Shooters At Las Vegas Walmart Kill 5, Proclaim 'The Revolution Has Begun' Blacklisted News - Five people are reported dead following a shooting near a Las Vegas Walmart. There were two attackers — one male and one female — and both reportedly killed themselves after the assault. It’s unclear how many in total are dead, but local reports indicate that the death toll is at least five, including the shooters.* Related: More Calls to Rewrite the 2nd Amendment
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New NDAA Bolsters Guantanamo-style Indefinite Detention for Americans Activist Post - Top senators thought you wouldn't notice. Behind closed doors, they wrote up new indefinite detention and Guantánamo provisions in the annual defense policy bill, and then waited 11 days to quietly file the bill
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Susan Rice Admits U.S. Giving Arms to Al-Qaeda in Syria
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Police to perform warrantless beverage inspections on ‘anybody’ visiting Fla. beaches
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This Is A Trend": Increasingly More Russian Companies Set To Drop Dollar, Switch To Chinese Yuan
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WALL STREET: The Next Financial Crash will be the End of America
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| From a position of possibly the highest standing in the world to bad joke in 13 years. The dollar is a joke in Australia. | Jun 7, 2014 |
| Gentleman, 16 hours ago I was boarding a flight from Melbourne Australia to Dubai, on the wall of the ramp to board the plane was 'Investment advertisements'. The Ads showed a US Dollar bill on a chalk board. The comments from the Aussie 20 somethi... read more / NWLN Interview: Constitutional Attorney, Tim Baldwin / | |
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NWLN Interview: General Paul Vallely
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Young Girl Gives Inspiring GMO Speech In Denver
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Steve Quayle a platform to sound an urgent prophetic warning, and concludes with a Psalm 91 exhortation to hide in Christ to withstand the judgment that has been turned loose in America and is in motion now in real time
Read more at http://www.trunews.com/friday-june-6-2014-d-day-commemoration-prophetic-warning/#cwP6yHIr99TLflfx.99
Read more at http://www.trunews.com/friday-june-6-2014-d-day-commemoration-prophetic-warning/#cwP6yHIr99TLflfx.99
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