Pg 145 of budget

[hobbyfrmr]

cotton, I have to agree with you. Im not the quickest bunny in the forest, but, I have noticed that most news broadcasts are strangely twisted towards the entertainment side of things instead of serious issues. It seems like in North America people expect to be amused at all times. Phones, games,crappy news, amateurs skating, singing, dancing, competing with each other by sitting in a house together. That is odd.

[cottonpicken]

I wonder what percent of the population knows that
their money isnt actually in the bank,its been lent or
invested and is subject to counterparty risk,fractional
reserve banking.

One of the reasons bank runs are scary.

These are private companies,kind of funny in a car
accident sort of way.

[checking]

When you grow up cp you will come to the realization that few care about your causes, even if your cause should be their cause. The only one you can rely on is yourself, and if you're lucky, your family.

Sure, you tell a touchy story on a Cypriot, maybe even plan your own cp riot, but really who was to blame. Could it be, we the people of Cyprus, which forms the government, or is it the retiree who puts his supposed entire wealth in one bank's basket that totally fails? Would you do that? I think not, nor would you hold out hope that just because those savings were in Australian dollars that they would be exempt. They would be the last to be protected, and the first taken.

What we are led to believe what he did is about as crazy a move as being 100% invested in paper gold.

[parsley]

Derivatives nightmare is coming home to roost.

[jensend]

according to comments on a cyprus article in the daily telegraph canada, the uk, the usa and new zealand have 'prepared documents outlining the need to confiscate deposits to save systemically important institutions'.

[BTO_farmall]

Glad I Ordered Another 10,000 Rounds 4My AR, Gunna Put Another Order in This Week!!!!!!!!!!! Lock n' Load Boys!!!!!!!!!!!!!!!!

[cottonpicken]

Checking,just my opinion on things.

Not everyone reads the budget on good friday,and
even my wife would agree with you that i am an idiot
for on doing so.

If i help even 1 person,even 5 years from now,it was
worth it.

[ColevilleH2S]

Thanks Cotton, always nice to hear your
angle on things like this.

I somehow always knew bto would be a AR
fanboy. Those plastic Mattel .223 guns
are usually fawned over by the limp
wristed. #FN-FAL ;-)

[sumdumguy]

This would be a very convenient way to pay off
debt. Ever heard of the New World Order? If
there ever was a plan agreed to by world
leaders, wouldn't it be so cool to just get
together, wave their magic wand, steal all our
money, take the gold and silver too, any
possession that generates wealth and be the big
hero. After all they did it to protect the little guy.
Should we make a movie? We could name it ,
"King Cash".

Far fetched, you think? Better get up and play
Easter Bunny. All I know is I don't want their
measley 1% interest. GIC actually means "get
icey cold cash.

[cottonpicken]

TD bank has the highest tier one ratio at 12%,if just
12 % makes you feel better.

Trying to find out specifically what the rest of the
assets are.

Probably the usual suspects,mbs's,cds's and the rest
of the derivative's time bomb's.

If anything did happen over here,id bet a shiny nickel
the big boys would have all their money out in a nano
second and in off shore accounts in singapore and
hong kong through subsidiaries,compounding the
problems for little guys.