Established in 2006 as a Community of Reality

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Neno's Place Established in 2006 as a Community of Reality


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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Hoarding Cash – Prelude to the Crash & Burn

    Lobo
    Lobo
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    Posts : 28411
    Join date : 2013-01-12

    Hoarding Cash – Prelude to the Crash & Burn Empty Hoarding Cash – Prelude to the Crash & Burn

    Post by Lobo Tue 30 Aug 2016, 1:48 pm

    Hoarding Cash – Prelude to the Crash & Burn Swiss-1000-CHF
    We are monitor confidence in the banking system as reflected by cash withdrawals being one factor. The sale of home safes has exploded in many countries. I previously reported that one in ten currency notes in Switzerland being printed is now the 1000 franc note. In fact, there is some 41.6 billion in Swiss francs now in circulation in 1000 CHF notes exclusively. The ECB is truly brain-dead for their thought by moving with negative interest rates, people would spend their money and that would rekindle inflation. They are correct that people would not want to pay negative interest rates. However, they totally never guessed that they would withdraw their money, but hoard it rather than spend it. The trend toward hoarding cash really became in 2011. It started to make the news in 2012. Now the German savers are buying home safes as well and pulling out cash. Of course they attribute this primarily to negative rates. However, the concerns that Deutsche Bank may be in serious trouble is also helping matters.
    Hoarding Cash – Prelude to the Crash & Burn Crash-BurnWe are witnessing this trend around the world throughout Asia as well. Japan has been printing 10,000 yen notes like crazy. The Japanese are also withdrawing cash and keeping it at home. Even Americans began hoarding cash also back in 2011, which began to make news by 2014. In fact, 43% of Americans keep their savings in cash these days for interest pays nothing. Yet, an amazing 53% of those cash-hoarders “plan to hide bills in a secret location at home.”
    Everything is going as our model has projected. The peak in trusting banks and government is in place. From here on out, all we have is the collapse in public confidence and the 2016 elections bring that home.
    All we are waiting for now is simply the Crash & Burn. This will be a serious topic for this year’s WEC in Orlando.
    https://www.armstrongeconomics.com/world-news/sovereign-debt-crisis/hoarding-cash-prelude-to-the-crash-burn/

      Current date/time is Thu 28 Mar 2024, 5:10 am