General Comments / Chat, page-316

The answer is tangible assets and gold is not necessarily safe as it can be confiscated by governments to protect currencies like it was in the US (and Australia) between 1933 and 1976. Hard assets with longevity and utility or both, plus some cash and gold outside of the banking system for emergency use. If you have a mortgage move money out of off set accounts and deposit accounts and into mortgage accounts. You can hide, now is just not a good time to start. I started in July last year and am deleveraged and sitting in tangible assets with very little exposure to the banking system. On the 26 of March the Fed is opening up bank reserves and dropping reserve requirements to 0% effectively trashing the central tenant of fractional reserve banking and exposing about a thousand federally insured banks and hundreds of millions of accounts to the risk of being lost into the collapse.Esh