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Ralph Holweck's avatar

GM - Suggest you discuss the Dodd Frank legislation from 2010 that was approved by Congress and signed by Obama which changed "bail outs" to "bail ins", and, what it means for people like us who deposit money with banks via checking and savings accounts, etc. When people like us do this, we become "creditors" to whichever bank we have deposited money with. After 2008, I switched to Navy FCU since credit unions (state or federally chartered) cannot "utilize" derivative contracts. Ralph

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Lance's avatar

thank you Greg for each post that you forward to us

as for myself..........i appreciate your hard work

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Kyle's avatar

Thanks! No confusion here and the hole is much bigger than 17 trillion as you are well aware.😎👊🏼

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VIPCO's avatar

I think 5 percent to hold forever but if we go to 15k I think you better having some Auguson farms food. At that price point Copper is valuable for trade and FOOD 25 year shelf life coffee, Sugar, Salt and Augusons food its actually taste good not like a MRE. Ahttps://augasonfarms.com I also have allot of copper slugs because I used to sell copper to some wire makers about 15 years ago. We talked about this as trade goods and in the time of 15k an ounce gold your better be a good trader and be able to barter is all i can say. Oh Yeah on Gregs group watch the Alaska Prepper he has good sources on things.

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Ralph Holweck's avatar

Rickards suggest 10% of your assets.....that's a minimum. This is a personal decision.....my percentage is higher. If central banks are buying more gold than they have purchased in the past 55 years or so, my thinking is they know something most people don't. I always try to invest / save / avoid risk by following where the smart money goes. I hold no bonds or treasury bills....my only stocks are held in high quality precious metals junior mining stocks.....I may exit these in the coming years and buy more physical silver and gold while its still cheap.

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Chad's avatar

17 Trillion doesn't even exist. Greg has told us for years to look at the Federal Reserve website where it shows there is less than 2 Trillion in physical cash. All the rest is merely digits on a screen.

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ChrisCoonsToupee's avatar

Real number is $6-8 QUADrillion when you consider the derivatives bomb.

That's 12 zeroes.

MMRI sitting at 310.5 as of 3PM ET.

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Sandra ---'s avatar

Yes, I've heard it's closer to that too ($6-8Quad)

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JSEDD's avatar

XLU (utilities etf) down over 5% today. Regional bank BRBS collapsing over 25%. MMRI 311

It would seem we are close.

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JeffF's avatar

Thanks Greg. The video was perfectly clear to me. If people are confused they might watch if again. Or maybe they just don't really want to know.

Thanks for all your hard work.

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Les Ranger's avatar

No need to say anymore about the crooked Wall Street Banks Gregory you have covered this more than adequate. We the real people realize how corrupt the entire system is with helpful information from your newsletters and YouTube.

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Pam zz's avatar

They love that 17🤬

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david shaw's avatar

No way am I paying for any debt. It ain't happening

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Ron's avatar

Considering inflation and this administrations bad thinking about fossil fuels and OPEC I think oil and commodities will go up as Greg says. the cost of living keeps going up. It's funny thinking about what kind of message the democrats will craft to get people to vote for more of the same. I still think a CBDC is coming sooner than what people think.Connected to a created collapse and the WEF.

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Maria Gomez's avatar

The creatures will bail themselves & their friends with tax $s. Wasn't that their deal in 1910?

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Frank perr's avatar

To me other peoples money is not my asset or the banks.

stay well

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