“Of course, not everyone in Greece is hurting. Many people saw this coming and took action. They took all their money out of the banks, put it under the mattress, or maybe stored it in a safe. Maybe they bought gold, or diamonds, or something else. These people aren’t standing in lines at ATMs. They aren’t going to go homeless or hungry. But these people get a pretty bad rap—at least here in the US, where we call them ‘doomsday preppers.’ Or ‘bunker monkeys.’ Or ‘conspiracy theorists.’ Or ‘gold bugs.’ They take a beating. Jim Rickards tweeted the other day, ‘I’ll bet there a lot of Greeks saying, ‘I wish I had bought some gold.’’ Truer words have never been spoken.”
http://www.mauldineconomics.com/the-10th-man/it-could-never-happen-here
Related posts:
The Phony Trade-off Between Privacy and Security
Ron Paul: Janet Yellen is Right, She Can’t Predict the Future
Jeremy Allaire: Thoughts on the New York BitLicense Proposal
Jacob Hornberger: Morsi's Death Sentence Reminds Us of Our System
Save Silicon Valley -- abolish patents now
Gorbachev Warns Of World War As Trump Readies Pentagon Spending Binge
Interview With Daniel McAdams, Ron Paul's Foreign Policy Advisor
Glenn Greenwald: About the Reuters article
How, Exactly, Does A Travel Ban Keep Us Safe?
The S&P's Tragic Rise Will Continue
Peter Schiff: The Fed's Tightening Pipe Dream
Ron Paul: Against Neocon Domination
Anthony Gregory: Do We Want a ‘Stop-and-Frisk’ Society?
Precious Metals Power Summit 2013
The army pulled the trigger, but the West loaded the gun