quote:

Originally posted by Trancer-X Jim Rogers says don't keep more than $100K in the bank.

is that the extent of your insight? That's pretty basic knowledge for anyone with at least a savings account.

quote:

Originally posted by Trancer-X Jim Rogers says don't keep more than $100K in the bank.

Many of the people that did this to WaMu and Wachovia were under $100K, they just don't know any better. I had people in the mailroom at my office mention whether they should remove their money from WaMu 2 weeks ago in the midst of the investment bank collapses.

The other chunk of withdrawals was retail/small business, which is why they upped the FDIC limits to $250K with the Senate bill.

___________________
"Go back to bed america your government is in control
Here's American Gladiators, here is 56 channels of it,
Watch these picturary retards bang their fuckin' skulls together and congratulate you on living in the land of freedom,
Here you go America you are free to do as we tell you
We want your soul
Your cash, your house, your phone, your cash, your house, your life" -Adam Freeland - We Want Your Soul

quote:

Originally posted by jerZ07002 is that the extent of your insight? That's pretty basic knowledge for anyone with at least a savings account.

What else do you need to know?

quote:

Originally posted by Groundhog Boy Many of the people that did this to WaMu and Wachovia were under $100K, they just don't know any better. I had people in the mailroom at my office mention whether they should remove their money from WaMu 2 weeks ago in the midst of the investment bank collapses. The other chunk of withdrawals was retail/small business, which is why they upped the FDIC limits to $250K with the Senate bill.

I wouldn't keep anything in the bank, to be honest. I don't care if it's insured or not. There's just no point.

If you're not making at least 12-15% interest then you're losing it to inflation anyway.

quote:

Originally posted by Trancer-X What else do you need to know?

i don't necessarily need to know anything, i was just surprised that you quoted someone to relay information that almost every american on this board already knows.

quote:

Originally posted by Trancer-X I wouldn't keep anything in the bank, to be honest. I don't care if it's insured or not. There's just no point. If you're not making at least 12-15% interest then you're losing it to inflation anyway.

considering the last CPI number was around 5% annualized, and that number is sure to go down with the decrease in commodities costs, you are way to high in your interest requirements. You aren't getting 15% interest on any deposit or debt instrument, and yields on assets are rarely that high unless they are somewhat speculative. If you get 3-4% today you are probably breaking even, consumer prices are about to take a dive.

quote:

Originally posted by jerZ07002 i don't necessarily need to know anything, i was just surprised that you quoted someone to relay information that almost every american on this board already knows.

Who did I quote? You lost me there.

quote:

Originally posted by Trancer-X Who did I quote? You lost me there.

quote:

Originally posted by Trancer-X Jim Rogers says don't keep more than $100K in the bank.

___________________
"Go back to bed america your government is in control
Here's American Gladiators, here is 56 channels of it,
Watch these picturary retards bang their fuckin' skulls together and congratulate you on living in the land of freedom,
Here you go America you are free to do as we tell you
We want your soul
Your cash, your house, your phone, your cash, your house, your life" -Adam Freeland - We Want Your Soul

quote:

Originally posted by Trancer-X Who did I quote? You lost me there.

Under an article you quoted, which states in its text that deposits are insured up to 100K, you said "jim rogers says don't keep more than 100K in the bank." Since that was all you said I assumed your point was keep at most 100K in the bank and the support for that statement was the article.

quote:

Originally posted by jerZ07002 considering the last CPI number was around 5% annualized, and that number is sure to go down with the decrease in commodities costs, you are way to high in your interest requirements. You aren't getting 15% interest on any deposit or debt instrument, and yields on assets are rarely that high unless they are somewhat speculative. If you get 3-4% today you are probably breaking even, consumer prices are about to take a dive.

CPI? lol

How about M3? Oh yeah, they stopped publishing that in 2006.

Hmmm, I wonder why?




I like how Ron Paul grills Helicopter Ben in this video:

quote:

Originally posted by Groundhog Boy

Was that a quote? I said that he said? I fail to see any quote

Skip English class much? lol