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Paul M
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>Danger in bank accounts  - Alasdair Macleod - Finance and Eco.
@Alasdair Excellent and timely article. Well done.

@Woody I would rather advise people to keep their long-term debts at manageable levels than to attempt to pay it all off at once. The reality is that most people cannot afford to pay off their long-term debts at once, especially within this fiat or debt-based currency system, where all the fiat currencies are nothing short of debt instruments (or instruments of enslavement). Thus, kill short-terms debts as quickly as possible, but don't try killing long-term debts if you don't have enough fiat currency left to save in the form of money, especially in the form of gold and silver coins and bars. Thus, be sure to pay off your debts, but not too the extent where you have zero protection against the risks mentioned by Alasdair (or don't hold any money at all). If history repeats itself again, people will at the end of the day be able to use the fiat proceeds from gold and silver sales to wipe out their mortgage and other debts, especially when hyperinflation comes knocking.


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Beginning of the headline :The thinking behind GoldMoney’s business model was that there might come a time when prudent savers would want to protect themselves from the twin risks of a global banking crisis and a loss of purchasing power of paper currencies. The first of these two risks is now upon us, and it is important that everyone with savings to protect is aware of what is happening to banks and their bank accounts. By the time this is fully understood by the media it may be too late to act. It has been obvious fo... Read More
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