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  • mrsippi05 mrsippi05 Jan 3, 2010 7:34 PM Flag

    QWAK,Bad news for Money Markets! :(

    regard - A key proposal in the overhaul of money market regulation suggests that money market fund managers will have the option to "suspend redemptions to allow for the orderly liquidation of fund assets

    respond - Thaks for the info duck! Seems TPTB are getting prepared for that 'BANK HOLIDAY' and don't want people to access their money market accounts when/if banks are shut down.

    IMHO this 'bank holiday' will prevent anyone from accessing their savings, cd and money market accounts in the banks as well as their 401K's, Brokerage Accounts, etc etc.

    All the while TPTB will devalue our monopoly money down from 40% - 50% and if we're lucky TPTB may let us take out $50 a week from the aforementioned.

    Don't look good duck as it appears TPTB are in the process of tightening a financial noose around all of us. Wonder what they have in store for holders of PM's!

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      • 1 Reply to uglyduck555
      • Yo duck... thanks for posting that article about Money Markets. Now you know what I was talking about in our e's about looking for oversees places for $$$$$'s. This nutcake administration of whacko's is out to squeeze every PENNY out of American laydown's as possible. For those that don't know what the term laydown's means:

        'A dog that rolls over on it's back an submits.'

        Not surprisingly, that includes most Americans and especially the morons who post here and on LVS. LOL

        BTW... As I mentioned about the "Social Insecruity Ponzi Scheme"... I'm collecting money that was stolen from me over the years... however... to puncuate the point of my negative comment... I also disagree with the fact that the money is gone and has already been wasted on other non-productive Government Ponzi Scheme's, such a bailouts etc., but worse, that people that are being fleeced of their hard earned fiat dollars are paying my 'Social Insecurity'... excuse the expression... 'Benefits'... that are being stolen from the present generation of sheeple who have no clue what the hell they're being screwed to death over!!!!! They'll never see a penny of their stolen assets! When will this impotent generation of morons wake up?

        NEVER!!!!!

        They can't! They're already beyond the pale and are too brainwashed stupid to know any better!!!

        Just take your beating sheeple. Pay people like me, and keep your mouth shut before the boogie man gets you. I don't want your money, and I don't need your money. But until you all wake up and do something about it, I'm going to take it and you'll just be FORCED to do without it.

        WAKE UP AMERICA... that is if you are an actual real documented American. The freeloaders don't pay and don't give a rat's a$$. They don't have to pay, and they are living off you too!!!!! Don't like that?

        THEN DO SOMETHING ABOUT IT. DUMP BO, ALL HIS DOGS AND THE REST OF THE CRIMINAL CONGRESS!!!!!

 
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