Wednesday, July 6, 2016

Posession is 9/10ths of the law of the jungle in any crisis

Brexit created some panic in the UK and as a result, some UK asset managers "froze" withdrawals.  Well geez Louse, whose money is it anyway?  How can an asset manager just make such an arbitrary edict?

Well, who cares WHY, such proof is enough to know that they CAN.  And so can the US government, the US banks and pretty much anyone else who might owe you something.  These are not good times to trust anyone which is probably why gold and silver are on an absolute tear.

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