preparing

Just pull some savings out of your Institutions in NICKELS!

Friday, December 2, 2011 at 2:58 pm

http://www.tfmetalsreport.com/comment/96965#comment-96965

If one was to pull some savings out of the banks or credit unions in nickels, would that strain the system in a smallish way? Imagine if 10% removed $100 in nickels from their personal savings accounts and saved it personally? Todays price in metal value  is up from face value and was up the beginning of the year 40%, after testing just below $0.05 early this fall.  http://www.coinflation.com/ It is a win win!

LIVING THROUGH A CURRENCY DEVALUATION

Friday, July 15, 2011 at 5:55 pm

In 1976 I was managing an American subsidiary of a successful large US Company in Mexico. It had been a financial turnaround for our team. Cash flow had accumulated in our bank in Mexico and corporate didn’t want the money repatriated to the US. Although we had already paid a 35% income tax to the Mexican government, we would have to pay an additional 30% exit tax to repatriate the money. In addition, we would have to pay high fees for the peso/dollar exchange, in order to make the transfer.

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