Saturday, March 16, 2013

GOOD ADVICE (paraphrasing): with interest rates effectively at zero and career politicians running the banking systems and printing presses, the mattress might just be the safest place for your money...

“Bank runs in Europe? The EU made them a little bit more likely this weekend, and as Cypriots stampede for the shrinking number of ATMs still handing out cash on the island, Italians, Greeks and Spaniards are also beginning to wonder if, with interest rates effectively at zero and confused politicians running Europe’s bank systems, the mattress might just be the safest place for their money after all.”
THE SAD THING IS THAT BECAUSE THE CENTRAL BANKS THINK THAT PRINTING MONEY IS THE ANSWER, THE PAPER MONEY IN THE MATTRESS WON'T BE WORTH VERY MUCH EITHER.

SIGH...

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