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Author Topic: Harvard Economist says your money isnt safe in the bank, withdraws $1 Million  (Read 3461 times)
dissident
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February 08, 2014, 11:38:39 AM
 #21

he might be right but I trust my bank and safe deposit box more than my apartment.

And I trust my BTC and LTC a lot more than any bank.

Terry is obviously highly intelligent, and is simply doing what he thinks is right to protect his wealth. If you arent blind, stupid, or willfully negligent, its easy to see the writing on the wall.

Yes, the US has it better than everyone else, but as has been famously stated, we are simply the best looking horse in a glue factory.

which is why a person should be diversified with their money and not put it all into any one place.. it's why I'd recommend using paper wallets and putting no more than 5% of one's total bitcoin allocation in any one wallet.. and not to put all one's net worth into bitcoin.. that's .. risky...

I may buy a house with zero down and bank on the hyperinflation taking care of the mortgage. We shall see Wink  We could have 20 years of grinding zero growth like Japan too... the national debt continues to increase at an impressive rate however. Whatever happens it will be global. Global debt levels are rising at unprecedented levels. We can no longer afford all these programs these governments have and are basically laundering each other's money.. I wonder how long they can keep it up?
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yatsey87
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February 08, 2014, 12:13:48 PM
 #22


Why is he not receiving any interest on that? And not sure putting all or a lot of your wealth into BTC is a foolproof plan at the moment.

I dont know why.  That is a direct quote from the article, maybe you could read it and see if he elaborates on that point.

Or maybe you could just tell me and save me from reading.
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February 08, 2014, 02:40:49 PM
 #23


Why is he not receiving any interest on that? And not sure putting all or a lot of your wealth into BTC is a foolproof plan at the moment.

I dont know why.  That is a direct quote from the article, maybe you could read it and see if he elaborates on that point.

Or maybe you could just tell me and save me from reading.

Is reading that dangerous?

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