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August 5, 2017 | Keeping 30 days Worth of Cash Applies Worldwide

Martin Armstrong

Martin Arthur Armstrong is the former chairman of Princeton Economics International Ltd. He is best known for his economic predictions based on the Economic Confidence Model, which he developed.

QUESTION:  On Aug. 2 in your blog that you stonily recommend that everyone keep 30 days worth of cash was that just for the Eu?

Thank You

S

ANSWER:  No. Even FDR closed the banks. While bailouts have ceased, the government will simply now expropriate depositors money to save the banks. Keep in mind that the big banks sell the government debt known as the primary dealers. So no matter what they say, they will protect the banks before the people. The risk is greater in the EU than in the USA. Long-term, keeping cash for expenses will be a wise decision to cover 30 days.

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August 5th, 2017

Posted In: Armstrong Economics

One Comment

  • Avatar Sarosh says:

    Hi Martin,
    Pls. provide targets for Gold & Silver for the next 2 years including highs & lows during that period as per Socrates.

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