Economic collapse of 2016
If you have money invested in any 401K or retirement funds; GET YOUR CASH OUT NOW.
Put your savings into Gold or Silver. Make sure it's something that you can actually hold in your hand, at home or someplace safe. NOT in any bank. Hard assets.
https://www.youtube.com/watch?v=GNEagj7RtvA
OK, SO why am I warning about this now?
Simple, History and experience.
Just simply going back to 1980's and Ronald Reagan elections. Just before Reagan was elected the stock market crashed. People lost millions., it happened again just before George W. Bush was elected in 2000, and again in 2008 before Obama was elected.
They referred to each of these market crashes as some kind of “Bubble” crash. The DOT-Com Bubble, the Housing Bubble”, or what ever 'Bubble” . This one will be known as the Derivatives Bubble.
And this one will make all the others in history look like a picnick. The derivatives market is $552, TRILLION over invested. Even those “Too-Big-to-Fail” banks are going down this time. And the Federal Government and Fed Reserve doesn't have the money to bail them out. The US Federal Government is 19.5 TRILLION in debt, the Fed Reserve can't print any more money, and they can't raise interest rates because when they do that will trigger a massive influx of inflation. The banks and the Federal Government will be Grabbing every cent they can get their greedy hands on. And just like they did in Cyprus and Greece they will grab everything in the banks first, every red cent. The 401K, IRA, and savings certificates will be next. And it will all happen before anyone has a chance to react.
And just like it has happened each and every time over the past 30 -40 years, it will happen just before our national elections.
Replies
Most people believe that when they deposit their pay checks into a bank account, that that money is still theirs. Watch that video above and pay attention to what they say about bank deposits. When you put money into a bank account what you are actually doing is giving or loaning the bank that money. Why else would the bank pay you interest on your savings accounts? You have loaned the bank that money you just deposited. Your bank book and saving account book is simply an IOU from the bank.
So - Guess what happens when the bank goes bankrupt !!! The first things that they default on is YOUR IOU's. YOUR CHECKING AND SAVINGS ACCOUNTS.
Still think you're safe having thousands of dollars in the bank? How much do you have in a savings account? A Certificate of deposit account? Have you got one of those jumbo CD accounts where you've been saving ten - fifteen- twenty thousand bucks???
Good luck.