Imagine Seeing Your Bank Account Balance Reduced To Zero, Overnight!

As if the shenanigans in Cyprus weren’t enough to freak everybody out (“Deposits of €100,000 or less would be subject to a 6.75 percent levy, and any deposits greater than that could be taxed at a rate of 9.9 percent”) but now this:

“Millions of Chase Bank customers were affected by an unfortunately timed glitch which resulted in their checking and savings accounts showing a zero balance for several hours yesterday, prompting many to take to Twitter and express panic that their money had been stolen.”

Link: Chase Customers See Bank Balance Reduced to Zero

Yes… all in one week!

If that’s not enough to make you question whether digital assets are real or not… I don’t know what will.  As more of these kind of stories become common place, I can easily see physical assets (precious metals, real estate, collectibles, etc…) becoming more popular among investors.  I predict that after the next flash crash you’ll see a rush into such physical assets.  Might be wise to get ahead of the game, now… although that would require a tremendous amount of both courage and conviction at this point in time.

One Comment
  1. Have a Plan!

    Get out of all paper assets, including 401k.

    Buy “Physical Silver & Gold.

    Stock up 3 to 6 months of food, water and medical supplies.

    Buy a gun to protect your family.

    Prepare for the storm that is coming!

Leave a Reply

Your email address will not be published. Required fields are marked *