The Phaserl


How to Survive a Banking Crisis

from Armstrong Economics:

Many in Spain are starting to figure out that the only way to survive is to get your money out of the bank. Accounts can just be frozen as they did to the Russians living in Spain, demanding they prove the source of their funds. Banco Madrid has had its funds frozen while the government tries to figure out if it will rescue the bank or not. Meanwhile, people who saved their money cannot get access to it. People are starting to wise up here and are looking at taking their money out of the banks and placing it in alternatives, such as real estate and stocks, or investments outside of the country.

Europe has routinely cancelled currencies in the past, and they will use that option again if they suddenly decide to move to electronic, perhaps in October.

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1 comment to How to Survive a Banking Crisis

  • Craig it's all gone

    Not overly concerned about just a “banking crisis”.. but the bigger crisis will be the complete failure of “Fiat”, and perhaps some push to make the world “cashless”?

    (although if they make the world “cash-less”.. how would the CIA & all the hidden Drug lords of the gov’t do any business?)

    Of course we all know about “stackin”. But here is the BOTTOM line of surviving,, you GOTTA eat.

    OK,, SURVIVE the “Banking Crisis”? EASY.. GROWING GARDENS is Growing GOLD. Food=Money.

    Plant everything edible that your area can support. Stock up on garden supplies that you’ll need.
    Seeds, Fertilizers, chems, pH meters, soil “amendments”, etc etc.

    Don’t forget the canning supplies and other ways of preserving your harvests. Dehydration, canning, salting, brine, fermenting, smoking, freezing ONLY works as long as the GRID is working (or if you have SOLAR panels & batteries).

    Never rely upon any “gas generator” because they burn thru SO much fuel and the engines need tuneups, rebuilding and replacement FAR too often.

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