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FROM BANKING INSIDER:'things are much worse than anyone realized' --'If you have an IRA, 401K look for a 40% - 80% cut

 
Hold Your Pants!!!
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05/30/2016 01:18 PM
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FROM BANKING INSIDER:'things are much worse than anyone realized' --'If you have an IRA, 401K look for a 40% - 80% cut
FROM BANKING INSIDER:'things are much worse than anyone realized' --'If you have an IRA, 401K look for a 40% - 80% cut (depending on the financial stability institution who holds it



Just more confirmation.
Talked to my banking contact.

He/she was called back in from vacation, no chance of vacation anytime
soon.

"things are much worse than anyone realized"

"If you have an IRA, 401K look for a 40% - 80% cut (depending on the
financial stability institution who holds it)"

My thought- They are planning how to cut out the good meat on the dead and
rotting corpse of the American economy and who gets what. And the who will
not be you and me.

"things are in a panic mode",

"I would not be surprised if we did not make it to the end of the year"

I would not be surprised if we didn't make it to the end of the summer"

When he responded to what Greenspan said about us looking like Grease and
Cypress not Venezuela, he disagreed it will be like Venezuela.

Just more up to the minute confirmation, as you have said this is not years
away but months. The final preparations for these plans are being put into
place now!
Anonymous Coward
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05/30/2016 01:22 PM
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Re: FROM BANKING INSIDER:'things are much worse than anyone realized' --'If you have an IRA, 401K look for a 40% - 80% cut
FROM BANKING INSIDER:'things are much worse than anyone realized' --'If you have an IRA, 401K look for a 40% - 80% cut (depending on the financial stability institution who holds it



Just more confirmation.
Talked to my banking contact.

He/she was called back in from vacation, no chance of vacation anytime
soon.

"things are much worse than anyone realized"

"If you have an IRA, 401K look for a 40% - 80% cut (depending on the
financial stability institution who holds it)"

My thought- They are planning how to cut out the good meat on the dead and
rotting corpse of the American economy and who gets what. And the who will
not be you and me.

"things are in a panic mode",

"I would not be surprised if we did not make it to the end of the year"

I would not be surprised if we didn't make it to the end of the summer"

When he responded to what Greenspan said about us looking like Grease and
Cypress not Venezuela, he disagreed it will be like Venezuela.

Just more up to the minute confirmation, as you have said this is not years
away but months. The final preparations for these plans are being put into
place now!
 Quoting: Hold Your Pants!!! 72229613


What about Mexico? Will we see a default in Mexico first?

If so, when?
Anonymous Coward
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05/30/2016 01:23 PM
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Re: FROM BANKING INSIDER:'things are much worse than anyone realized' --'If you have an IRA, 401K look for a 40% - 80% cut
Also, it's Greece. Typo's lessens credibility.
Allmotor

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05/30/2016 01:26 PM
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Re: FROM BANKING INSIDER:'things are much worse than anyone realized' --'If you have an IRA, 401K look for a 40% - 80% cut
So time to get money out the banks orrr?!?
Allmotor
Anonymous Coward (OP)
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05/30/2016 01:33 PM
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Re: FROM BANKING INSIDER:'things are much worse than anyone realized' --'If you have an IRA, 401K look for a 40% - 80% cut
YES!!! Get your money out of the Banks FREAKING NOW!!!

Unless you want to be eating out of the trash cans along with everyone else who didn't listen.

damned damned damned damned damned damned damned
Anonymous Coward
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05/30/2016 01:36 PM
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Re: FROM BANKING INSIDER:'things are much worse than anyone realized' --'If you have an IRA, 401K look for a 40% - 80% cut
I've been relying on the government to take care of me so unless they cut payments to me and my cut ebt benefits then I don't care.
Anonymous Coward
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05/30/2016 01:38 PM
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Re: FROM BANKING INSIDER:'things are much worse than anyone realized' --'If you have an IRA, 401K look for a 40% - 80% cut
"Grease" 😂😂 sorry, that is all!
Anonymous Coward
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05/30/2016 01:38 PM
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Re: FROM BANKING INSIDER:'things are much worse than anyone realized' --'If you have an IRA, 401K look for a 40% - 80% cut
I've been relying on the government to take care of me so unless they cut payments to me and my cut ebt benefits then I don't care.
 Quoting: Anonymous Coward 69583440


:racist5:
trueforger

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05/30/2016 01:39 PM
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Re: FROM BANKING INSIDER:'things are much worse than anyone realized' --'If you have an IRA, 401K look for a 40% - 80% cut
I've been relying on the government to take care of me so unless they cut payments to me and my cut ebt benefits then I don't care.
 Quoting: Anonymous Coward 69583440

If this affects virtually every one else how's it not going to affect you? Or obvious sarcasm on your post.
Blacksmith King of Trades
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Allmotor

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Re: FROM BANKING INSIDER:'things are much worse than anyone realized' --'If you have an IRA, 401K look for a 40% - 80% cut
YES!!! Get your money out of the Banks FREAKING NOW!!!

Unless you want to be eating out of the trash cans along with everyone else who didn't listen.

damned damned damned damned damned damned damned
 Quoting: Anonymous Coward 72229613


Any idea of when we will start seeing the signs it's about to go down hill ?
Allmotor
WeShallOvercomb

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05/30/2016 01:40 PM
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Re: FROM BANKING INSIDER:'things are much worse than anyone realized' --'If you have an IRA, 401K look for a 40% - 80% cut
Also, it's Greece. Typo's lessens credibility.
 Quoting: Anonymous Coward 33781198


cactusfuck
The first step is to establish that something is possible; then probability will occur.


It's easy to stand in the crowd but it takes courage to stand alone

Do i look really like a guy with a plan? you know what i am? I'm a dog chasing cars. I wouldn't know what to do with one if i ever caught it. You know, I.. I just do things. The mobs have plans. The cops have plans. They're Schemers. Schemer's trying to control their little worlds.

I'm Not a Schemer.
Anonymous Coward
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05/30/2016 01:40 PM
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Re: FROM BANKING INSIDER:'things are much worse than anyone realized' --'If you have an IRA, 401K look for a 40% - 80% cut
I've been relying on the government to take care of me so unless they cut payments to me and my cut ebt benefits then I don't care.
 Quoting: Anonymous Coward 69583440


clappa
kitkat31

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05/30/2016 01:41 PM
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Re: FROM BANKING INSIDER:'things are much worse than anyone realized' --'If you have an IRA, 401K look for a 40% - 80% cut
bump
Just Waiting
Anonymous Coward
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05/30/2016 01:42 PM
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Re: FROM BANKING INSIDER:'things are much worse than anyone realized' --'If you have an IRA, 401K look for a 40% - 80% cut
Recently I took my car in for an oil change and they told me I'd need new brakes next time I'm do for an oil change. I decided to get them done now while the banking system is still afloat.
The Comedian :D

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05/30/2016 01:44 PM
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Re: FROM BANKING INSIDER:'things are much worse than anyone realized' --'If you have an IRA, 401K look for a 40% - 80% cut
I cashed out my IRA years ago.

Ammo.
Hookers and blow.
GLP life membership.
A1 Steak Sauce.

chill
Saint Comedian, Patron Saint of Bringing the Butthurt to Dipshits

‘There are some assholes in the world that just need to be shot.’ - General Mattis, USMC, Secretary of Defense

[link to www.godlikeproductions.com]

"Subterfuge and social pressure are the wheel and fire of the 21st century" - Some asshole

Legal Disclaimer: All comments are intended as humor and/or fiction and not advice, and not to be confused with any event or person, living or dead.
Anonymous Coward
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05/30/2016 01:44 PM
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Re: FROM BANKING INSIDER:'things are much worse than anyone realized' --'If you have an IRA, 401K look for a 40% - 80% cut
OP, post proof or GTFO. These threads inside info threads are made everyday....
The Comedian :D

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05/30/2016 01:45 PM
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Re: FROM BANKING INSIDER:'things are much worse than anyone realized' --'If you have an IRA, 401K look for a 40% - 80% cut
Gotta do something before Trump gets elected in a landslide!

5adt
Saint Comedian, Patron Saint of Bringing the Butthurt to Dipshits

‘There are some assholes in the world that just need to be shot.’ - General Mattis, USMC, Secretary of Defense

[link to www.godlikeproductions.com]

"Subterfuge and social pressure are the wheel and fire of the 21st century" - Some asshole

Legal Disclaimer: All comments are intended as humor and/or fiction and not advice, and not to be confused with any event or person, living or dead.
Anonymous Coward
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05/30/2016 01:45 PM
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Re: FROM BANKING INSIDER:'things are much worse than anyone realized' --'If you have an IRA, 401K look for a 40% - 80% cut
FROM BANKING INSIDER:'things are much worse than anyone realized' --'If you have an IRA, 401K look for a 40% - 80% cut (depending on the financial stability institution who holds it



Just more confirmation.
Talked to my banking contact.

He/she was called back in from vacation, no chance of vacation anytime
soon.

"things are much worse than anyone realized"

"If you have an IRA, 401K look for a 40% - 80% cut (depending on the
financial stability institution who holds it)"

My thought- They are planning how to cut out the good meat on the dead and
rotting corpse of the American economy and who gets what. And the who will
not be you and me.

"things are in a panic mode",

"I would not be surprised if we did not make it to the end of the year"

I would not be surprised if we didn't make it to the end of the summer"

When he responded to what Greenspan said about us looking like Grease and
Cypress not Venezuela, he disagreed it will be like Venezuela.

Just more up to the minute confirmation, as you have said this is not years
away but months. The final preparations for these plans are being put into
place now!
 Quoting: Hold Your Pants!!! 72229613


What they will likely do is forceably convert 401Ks and the like to Treasury notes.

They will start with the 20 - 30 year olds first, then over a decade finally get to the retirements of the 60's set.

In order to pull this off they need a financial crisis of some sort.

The legislation is already written for this, I believe, just waiting for the "crisis".
LHPaul

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05/30/2016 01:46 PM
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Re: FROM BANKING INSIDER:'things are much worse than anyone realized' --'If you have an IRA, 401K look for a 40% - 80% cut
I cashed out my IRA years ago.

Ammo.
Hookers and blow.
GLP life membership.
A1 Steak Sauce.

chill
 Quoting: The Comedian :D


hesright
LHPaul
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05/30/2016 01:46 PM
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Re: FROM BANKING INSIDER:'things are much worse than anyone realized' --'If you have an IRA, 401K look for a 40% - 80% cut
Unless you want to be eating out of the trash cans along with everyone else who didn't listen.
 Quoting: Anonymous Coward 72229613



wrong.

If nobody has any money, there won't be any trash!
Anonymous Coward
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05/30/2016 01:46 PM
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Re: FROM BANKING INSIDER:'things are much worse than anyone realized' --'If you have an IRA, 401K look for a 40% - 80% cut
I also cashed out my 401K. The day is coming when you'll get nothing.
Anonymous Coward
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05/30/2016 01:47 PM
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Re: FROM BANKING INSIDER:'things are much worse than anyone realized' --'If you have an IRA, 401K look for a 40% - 80% cut
FROM BANKING INSIDER:

When he responded to what Greenspan said about us looking like Grease
 Quoting: Hold Your Pants!!! 72229613


Oh noes....do we look like Grease? PLEASE say it ain't so!! Of all things, NOT Grease!!! Dammit!
Anonymous Coward
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05/30/2016 01:47 PM
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Re: FROM BANKING INSIDER:'things are much worse than anyone realized' --'If you have an IRA, 401K look for a 40% - 80% cut
Also, it's Greece. Typo's lessens credibility.
 Quoting: Anonymous Coward 33781198


Typos on GLP don't affect credibility. Only spelling tards think that way. It's an online forum where people are typing fast and furious on every such device, in any and every situation. It's NOT an academic presentation nor is it an MSM news story. Most of us don't even have a decent spell check program on our tablets and phones. Sometimes the spell check changes the word you intended. Stop being a tard.
Anonymous Coward
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05/30/2016 01:47 PM
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Re: FROM BANKING INSIDER:'things are much worse than anyone realized' --'If you have an IRA, 401K look for a 40% - 80% cut
YES!!! Get your money out of the Banks FREAKING NOW!!!

Unless you want to be eating out of the trash cans along with everyone else who didn't listen.

damned damned damned damned damned damned damned
 Quoting: Anonymous Coward 72229613


But money doesn't get you much in Venezuela. -- There's nothing to buy!
Anonymous Coward
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05/30/2016 01:47 PM
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Re: FROM BANKING INSIDER:'things are much worse than anyone realized' --'If you have an IRA, 401K look for a 40% - 80% cut
Is your 401K invested in the stock market? Chances are your portfolio companies are over half owned by the Federal Reserve. They allegedly have been buying stock of large companies to keep the stock market up.
Anonymous Coward
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05/30/2016 01:48 PM
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Re: FROM BANKING INSIDER:'things are much worse than anyone realized' --'If you have an IRA, 401K look for a 40% - 80% cut
I used to work in IT. Some of those engineers and netadmin couldn't spell for anything but they were brilliant IT guys.
Anonymous Coward
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05/30/2016 01:49 PM
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Re: FROM BANKING INSIDER:'things are much worse than anyone realized' --'If you have an IRA, 401K look for a 40% - 80% cut
I've been relying on the government to take care of me so unless they cut payments to me and my cut ebt benefits then I don't care.
 Quoting: Anonymous Coward 69583440


clappa
 Quoting: Anonymous Coward 72299581


OPM. If corporations do it - and they do it DAMN well as they suck taxpayers dry and they pay for nothing, then people need to and ought to.
troungshixam

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05/30/2016 01:49 PM
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Re: FROM BANKING INSIDER:'things are much worse than anyone realized' --'If you have an IRA, 401K look for a 40% - 80% cut
Also, it's Greece. Typo's lessens credibility.
 Quoting: Anonymous Coward 33781198


Or, more correctly - "Typos lessen credibility".
troungshixam
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05/30/2016 01:49 PM
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Re: FROM BANKING INSIDER:'things are much worse than anyone realized' --'If you have an IRA, 401K look for a 40% - 80% cut
Psst let me in u on a secret. Bankers don't know shit! lol they know pretty much as mush as u do. They have nothing to do with 401k and the such. It's like asking a nurse what's going on with brain surgery.
Anonymous Coward
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05/30/2016 01:50 PM
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Re: FROM BANKING INSIDER:'things are much worse than anyone realized' --'If you have an IRA, 401K look for a 40% - 80% cut
If/when our country is good again, saving will be a good thing.

Not a con job the government gives us to save so they can steal it all.
Anonymous Coward
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05/30/2016 01:50 PM
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Re: FROM BANKING INSIDER:'things are much worse than anyone realized' --'If you have an IRA, 401K look for a 40% - 80% cut
I cashed out my IRA years ago.

Ammo.
Hookers and blow.
GLP life membership.
A1 Steak Sauce.

:chill:
 Quoting: The Comedian :D



Yep, I cashed in mine as well.

I've now got a lifetime supply of Cheetos so bring on the apocalypse...and some wet naps.





GLP