Ummmm....I think we're really not supposed to talk about this....See: SEC/DoT/DHS Directive #666SHTF, "Otherwise the terrorists Win".
joshv
13 years ago
Smart move, a Euro in hand is worth a Euro. A Euro in a Greek Bank is mostly like to be converted to Drachma at some point in the not so distant future. Wait till this starts happening in Italy.
Don
13 years ago
"Slow your roll, baby!"
Bram
13 years ago
Why do I feel like a Roman in 407 wondering how bad it can get?
i would bet you can make that same chart for the usa too, just with a lower slope. the whole problem is what to do with cash...buy real estate that can crash further, crappy stocks that can flash crash, or gold/silver.
John
13 years ago
I think I would be converting my Euros to Swiss Francs.
aeronathan
13 years ago
Expect the same of Italy in a week or two. German banks are going to be flush with Euros....
Bram
13 years ago
I'm thinking of converting all of my dollars to seeds and ammo. A little farm well away from major population centers with some goats and chickens would be an excellent investment.
caseyboy
13 years ago
Bram, you have it right. I think we are going to be "back to basics" when the monetary system crashes and leads to huge disruptions in the supply of food.
Ummmm....I think we're really not supposed to talk about this....See: SEC/DoT/DHS Directive #666SHTF, "Otherwise the terrorists Win".
Smart move, a Euro in hand is worth a Euro. A Euro in a Greek Bank is mostly like to be converted to Drachma at some point in the not so distant future. Wait till this starts happening in Italy.
"Slow your roll, baby!"
Why do I feel like a Roman in 407 wondering how bad it can get?
i would bet you can make that same chart for the usa too, just with a lower slope. the whole problem is what to do with cash...buy real estate that can crash further, crappy stocks that can flash crash, or gold/silver.
I think I would be converting my Euros to Swiss Francs.
Expect the same of Italy in a week or two. German banks are going to be flush with Euros....
I'm thinking of converting all of my dollars to seeds and ammo. A little farm well away from major population centers with some goats and chickens would be an excellent investment.
Bram, you have it right. I think we are going to be "back to basics" when the monetary system crashes and leads to huge disruptions in the supply of food.