The whales are moving in and eating the sharks, lol.
SPIKE!
The movements have dried up. It is now going to resolve one way or the other. I think it will go downwards but not confident to actually trade on it.
Downward probably, as that is the safe bet. No one knows if we left the bear market yet, and without any serious good news or extremely high volume to sustain another rally people will get out again.
The fact that bank deposits will soon no longer be considered money but paper investments might make a big difference in the long term. I don't know about the short term though.
http://www.economicpolicyjournal.com/2014/11/warning-bank-deposits-will-soon-no.html
Quote
This weekend the G20 nations will convene in Brisbane, Australia to conclude a week of Asian festivities that began in Beijing for the developed countries and major economies. And on Sunday, the biggest deal of the week will be made as the G20 will formally announce new banking rules that are expected to send shock waves to anyone holding a checking, savings, or money market account in a financial institution.
On Nov. 16, the G20 will implement a new policy that makes bank deposits on par with paper investments, subjecting account holders to declines that one might experience from holding a stock or other security when the next financial banking crisis occurs. Additionally, all member nations of the G20 will immediately submit and pass legislation that will fulfill this program, creating a new paradigm where banks no longer recognize your deposits as money, but as liabilities and securitized capital owned and controlled by the bank or institution.
In essence, the Cyprus template of 2011 will be fully implemented in every major economy, and place bank depositors as the primary instrument of the next bailouts when the next crisis occurs...
On Nov. 16, the G20 will implement a new policy that makes bank deposits on par with paper investments, subjecting account holders to declines that one might experience from holding a stock or other security when the next financial banking crisis occurs. Additionally, all member nations of the G20 will immediately submit and pass legislation that will fulfill this program, creating a new paradigm where banks no longer recognize your deposits as money, but as liabilities and securitized capital owned and controlled by the bank or institution.
In essence, the Cyprus template of 2011 will be fully implemented in every major economy, and place bank depositors as the primary instrument of the next bailouts when the next crisis occurs...
Is this fucking real? I'm on a mobile device right now, can people help me out with credible sources please
I have not researched it yet or checked out the link provided. It was posted in the alt section and there has not been much discussion about it yet. It's a big deal if it's true.
Spain, Canada, and New Zealand passed legislation declaring bank deposits as unsecured credit, over a year ago. Not following it closely but i suspect others have followed suit over the last year.
ever heard of Jim Rickards?
https://www.youtube.com/watch?v=KYW5OGWfqJc
may 2015.
Have you read Rickards' "Day After Plan" chapter in his death of money book?
If so, could you summarize it for us?