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#3195155 - 03/17/13 12:29 PM 6.75 to 9.9% tax on bank accounts in Cyprus
FLTENNHUNTER1
16 Point


Registered: 11/21/07
Posts: 16193
Loc: Tampa FL

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Coming to a bank near you...


People with bank accounts in Cyprus were shocked Saturday to learn that as part of an agreement reached with international creditors, the government has imposed a tax on all deposits to help bail out the nation and its banks.

While the island nation may be small, it’s an international favorite for offshore banking– particularly for wealthy Russians. The tax will range from 6.75% to 9.9%, depending on how much is in the account.

“This is a clear-cut robbery,” Andreas Moyseos, a former electrician who is now a pensioner in Nicosia, told the New York Times. Iliana Andreadakis, a book critic, further added: “This issue doesn’t only affect the people’s deposits, but also the prospect of the Cyprus economy. The E.U. has diminished its credibility.”
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#3195677 - 03/17/13 10:28 PM Re: 6.75 to 9.9% tax on bank accounts in Cyprus [Re: FLTENNHUNTER1]
hunter0925
8 Point


Registered: 01/21/13
Posts: 1092
Loc: TN, Rhea,

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I can see it happening here for sure.
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#3195749 - 03/18/13 05:25 AM Re: 6.75 to 9.9% tax on bank accounts in Cyprus [Re: hunter0925]
MUP
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Registered: 08/01/07
Posts: 44731
Loc: Just North of Chatt-town

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Rumor has it that they're moving it up to near 12% now.
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#3195789 - 03/18/13 07:08 AM Re: 6.75 to 9.9% tax on bank accounts in Cyprus [Re: MUP]
Wildcat
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Registered: 06/10/00
Posts: 42187
Loc: Western Ky.

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People do NOT care as long as THEIR handouts keep coming.
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#3195795 - 03/18/13 07:18 AM Re: 6.75 to 9.9% tax on bank accounts in Cyprus [Re: Wildcat]
Rebel
TnDeer Old Timer
12 Point


Registered: 03/16/99
Posts: 5317
Loc: East Tennessee USA

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Gold was confiscated here in the 1930's... We're not at that point yet but I can see it coming.
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Tolerance is a virtue of those who believe in nothing.

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#3195885 - 03/18/13 08:37 AM Re: 6.75 to 9.9% tax on bank accounts in Cyprus [Re: Rebel]
fishboy1
16 Point


Registered: 01/13/03
Posts: 10527
Loc: Warren Co

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These are the final steps in the socialist economic/political model.

Demonize the "rich" and lie about your intentions of "only taxing the rich"

Then they STEAL/Confiscate/Tax the private accounts, ALL private accounts, not just the rich.
Where does that money go? Toward repayment of bailouts already made.

Uh oh....
Still spending, still high unemployment, still lack of revenue......
We need more money!!!

There is a run on the banks.... Banks can't cover.....Government steps in and confiscates the whole shebang in the interest of "our own good and fairness". Now you have a government imposed economic martial law on private money.

The socialist model of theft is complete.
All that is left is to crush the inevitable uprising of the citizens against this theft by government force.

The follow up/ final stage is oppression using government sponsored terror and murder to keep the people in line and the elite in power. Tyranny.
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If you can't trust people with freedom, how can you trust them with power ?




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#3195903 - 03/18/13 08:44 AM Re: 6.75 to 9.9% tax on bank accounts in Cyprus [Re: fishboy1]
Crappie Luck Moderator
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Registered: 01/29/03
Posts: 60962
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Unfortunately, that is not the final stage. The final stage is when the US sees how miserably the socialist model has failed and copies it line for line.

Is there a bad idea we are NOT ready to implement in the US?
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"To find out who your real rulers are, simply look to those whom you CANNOT criticize..."
--Voltaire

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#3195908 - 03/18/13 08:47 AM Re: 6.75 to 9.9% tax on bank accounts in Cyprus [Re: Crappie Luck]
Still-n-Quiet
10 Point


Registered: 07/18/06
Posts: 4859
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This dumb from so many different angles! I really didn't think that progressives could even get this stupid.
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#3195967 - 03/18/13 09:29 AM Re: 6.75 to 9.9% tax on bank accounts in Cyprus [Re: Crappie Luck]
fishboy1
16 Point


Registered: 01/13/03
Posts: 10527
Loc: Warren Co

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 Originally Posted By: Crappie Luck
Unfortunately, that is not the final stage. The final stage is when the US sees how miserably the socialist model has failed and copies it line for line.

Is there a bad idea we are NOT ready to implement in the US?


HeY SoCilissim iS a PaRRRR-T !

Socialism is a heck of a fun ride when it starts. It's like a pretty girl showing up at a Gang party uptown. The first hour or two is a hoot, free Jello Shots and Tequila for everyone!

Its only after you wake up naked, violated, and beaten to a bloody pulp that you realize that you made some poor choices.
_________________________
If you can't trust people with freedom, how can you trust them with power ?




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#3195973 - 03/18/13 09:32 AM Re: 6.75 to 9.9% tax on bank accounts in Cyprus [Re: fishboy1]
Big J
16 Point


Registered: 03/10/06
Posts: 11990
Loc: Joelton

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I see a ton of withdrawals happening today!
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#3195978 - 03/18/13 09:37 AM Re: 6.75 to 9.9% tax on bank accounts in Cyprus [Re: Still-n-Quiet]
de novo
10 Point


Registered: 07/21/08
Posts: 4030
Loc: Middle TN

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Y'all didn't get the memo, responsible stewards of money are to be punished. Everything that used to be right is now wrong! You're private retirement accounts, 401k's, etc. are next. These will be confiscated for the public good.
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#3196053 - 03/18/13 10:31 AM Re: 6.75 to 9.9% tax on bank accounts in Cyprus [Re: de novo]
Rebel
TnDeer Old Timer
12 Point


Registered: 03/16/99
Posts: 5317
Loc: East Tennessee USA

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Yep. And I'm weighing the consequences of cashing out my IRA's and cutting out my 401k contributions... King Robbing Hoodlum Obama has me really worried about loosing everything I've worked for...
_________________________
Good night Chesty, wherever you are!

Tolerance is a virtue of those who believe in nothing.

Deo Vindice

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#3196074 - 03/18/13 10:52 AM Re: 6.75 to 9.9% tax on bank accounts in Cyprus [Re: Rebel]
dr
10 Point


Registered: 02/24/03
Posts: 4277
Loc: USA

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Are annuities worth consideration as an investment alternative, or just another ponzi scheme?
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#3196075 - 03/18/13 10:53 AM Re: 6.75 to 9.9% tax on bank accounts in Cyprus [Re: Rebel]
MUP
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I had heard that all assets from the banks were frozen, preventing any withdrawals. Even the ATM's were cleaned out prior to this move to keep any withdrawals from being made.
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MUP

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#3196080 - 03/18/13 11:00 AM Re: 6.75 to 9.9% tax on bank accounts in Cyprus [Re: MUP]
Pic IN the Casa
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Registered: 03/18/11
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So, what should I do? Pull money out of 401K, Mutual funds? What is everyone else thinking?

I am seriously debating taking the hit and pulling funds.
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#3196120 - 03/18/13 11:41 AM Re: 6.75 to 9.9% tax on bank accounts in Cyprus [Re: Pic IN the Casa]
fishboy1
16 Point


Registered: 01/13/03
Posts: 10527
Loc: Warren Co

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Read everything you can get your hands on regarding finance, economics and investing.

Most people can find 3 hours per day to watch Idol or duck dynasty but can't be bothered to LEARN how to manage their money.
We have been taught to join the herd and follow the common advice.

If you carefully examine the "approved/normal" retirement advice, you will find that they have changed the rules of the game and its NOT for our benefit.

Example.
ROTH IRA.... Government approved retirement vehicle. Clinton needed additional revenue to pay for his spending spree. Enter the ROTH... Convert your regular IRA to a ROTH, pay taxes NOW and get your ROTH money TAX FREE when you retire. BOOM Huge influx of revenue that "balanced the budget"...ha ha ha!

Should you NEED the money, or wish to protect YOUR wealth from bad government policy, it is TRAPPED! You pay taxes AND PENALTIES for having the gall to want YOUR money!!!

Now that a lot of people who "invested" in a ROTH are nearing retirement, Loookie! The Inheritance tax is back! And trial balloons are being floated for a "one time" (ha ha ha) "Tax" on all IRA's to help pay for the deficit.

When you include the fees associated with being in an "approved" gub-u-ment retirement vehicle, PLUS the RISK of being in the market, PLUS the gooberment meddling, it quickly becomes a suckers bet.

Take control of YOUR future. Only invest in things you CONTROL and UNDERSTAND completely. Yes, it REQUIRES study and diligence, but it is better than the alternative.
_________________________
If you can't trust people with freedom, how can you trust them with power ?




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#3196179 - 03/18/13 01:00 PM Re: 6.75 to 9.9% tax on bank accounts in Cyprus [Re: fishboy1]
MUP
Non-Typical


Registered: 08/01/07
Posts: 44731
Loc: Just North of Chatt-town

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So, again, should we, the ones who have been suckered into the 401k's, clean them out before it's too late, then invest in other more secure investments after research?
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MUP

Amateurs: Built the Ark

Professionals: Built the Titanic

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#3196302 - 03/18/13 03:16 PM Re: 6.75 to 9.9% tax on bank accounts in Cyprus [Re: MUP]
de novo
10 Point


Registered: 07/21/08
Posts: 4030
Loc: Middle TN

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 Originally Posted By: MUP
So, again, should we, the ones who have been suckered into the 401k's, clean them out before it's too late, then invest in other more secure investments after research?


I don't know when the crash/collpase is coming but I'm sure it's inevitable at this point. It's your money to plan, invest, and gamble. Some are gonna win and some are gonna lose. I personally am relying on myself for retirement. No retirement fund or 401k at all.
_________________________
“Reality is what continues to exist whether you believe in it or not.” 

“The further a society drifts from truth the more it will hate those who speak it.”

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#3196335 - 03/18/13 03:42 PM Re: 6.75 to 9.9% tax on bank accounts in Cyprus [Re: MUP]
fishboy1
16 Point


Registered: 01/13/03
Posts: 10527
Loc: Warren Co

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 Originally Posted By: MUP
So, again, should we, the ones who have been suckered into the 401k's, clean them out before it's too late, then invest in other more secure investments after research?


That is a difficult decision to make and a personal one. You must evaluate your situation based on many factors.

Don't take the advice of some numb-nut on an internet hunting forum who doesn't know your situation. The same numb-nut who just told you NOT to trust institutional retirement vehicles and managers!

For me, it made sense to take the hit and cash out. I was ready to take personal charge of what was left of my IRA money. Discipline, study, practice, mentors, experience......all led me to the decision that I was ready to move what little I still had into something that
I CONTROLLED AND UNDERSTOOD.

The risk paid off and I have almost broken even on the taxes and penalties 16 months later. Looking forward, my returns should be positive and my retirement GROWING instead of getting slaughtered every time we have a correction.
My investment is NOT going up in value, but it cashflows back to me. Boring, steady, predictable.

Unlike the wild ride of the stock market...place your bets and pray they go up and pay off winners when you need them.
_________________________
If you can't trust people with freedom, how can you trust them with power ?




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#3196388 - 03/18/13 04:52 PM Re: 6.75 to 9.9% tax on bank accounts in Cyprus [Re: fishboy1]
OHVATN
4 Point


Registered: 10/09/12
Posts: 376
Loc: Middle TN

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This action is definitely a canary. But, I wouldn't get too carried away at this point (I assume none of us have any Euro bank deposit accounts.) A bunch of unelected bureaucrats in Brussels and the IMF dreamed this one up, and it's just the latest in how to rip off savers, taxpayers, etc. in favor of the banks and their bond holders. Can't have them suffer any losses now can we? That would mean the end of the world. Larry Summers actually came out today in favor of what Cyprus is being forced to do by the EU/IMF. Man, I'd like to waterboard that guy.

Subject to Fishboy's good advice to study up and get some good financial advice that's not from me or some other yahoo on the internet, I will only say that it's important to diversify. I include anyone on CNBC, Jim Cramer, anyone on Bloomburg as a yahoo. Always consider any stock broker, financial analyst, etc. as "talking his book" until proven otherwise. If they are recommending you buy something, who's selling it? Never take the advice of an economics PHD.

The thing about Cyprus to also remember is this is Russian hot money. Russian oligarch money. ex-KGB money. Most Cypriots are poor. Cyprus is where the Russians launder their money. Vladimir won't take kindly to this and if this actually happens I wouldn't be surprised in a few months to hear about some Russian justice being served on Euro bankers and bureaucrats. I've also read that this is a German trial balloon that is meant to be rejected by the Cypriots and then the Germans will leave the Euro. If that happens, buckle your seat belts. It's going to be a wild ride.

I do think that eventually the USSA will confiscate IRA and 401(k) assets by requiring them to be invested in US Treasuries. You know, for our own safety. FDR confiscated gold in 1933 when we were on the gold standard. Now fiat is king and there are trillions in Americans' IRAs and 401(k)s. I don't contribute to my 401(k) anymore, but still have an IRA. Not ready to take the tax and penalty hit, but I have periodically taken that hit and moved funds out of the IRA since 2007 into other investments away from Wall Street's and the bankers grubby little hands to hedge accordingly. I'm just a little midge, but it helps me sleep better at night.
_________________________
"Democracy is the theory that the common people know what they want and deserve to get it good and hard." H. L. Mencken

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#3196825 - 03/19/13 05:10 AM Re: 6.75 to 9.9% tax on bank accounts in Cyprus [Re: fishboy1]
MUP
Non-Typical


Registered: 08/01/07
Posts: 44731
Loc: Just North of Chatt-town

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 Originally Posted By: fishboy1
 Originally Posted By: MUP
So, again, should we, the ones who have been suckered into the 401k's, clean them out before it's too late, then invest in other more secure investments after research?


That is a difficult decision to make and a personal one. You must evaluate your situation based on many factors.

Don't take the advice of some numb-nut on an internet hunting forum who doesn't know your situation. The same numb-nut who just told you NOT to trust institutional retirement vehicles and managers!

For me, it made sense to take the hit and cash out. I was ready to take personal charge of what was left of my IRA money. Discipline, study, practice, mentors, experience......all led me to the decision that I was ready to move what little I still had into something that
I CONTROLLED AND UNDERSTOOD.

The risk paid off and I have almost broken even on the taxes and penalties 16 months later. Looking forward, my returns should be positive and my retirement GROWING instead of getting slaughtered every time we have a correction.
My investment is NOT going up in value, but it cashflows back to me. Boring, steady, predictable.

Unlike the wild ride of the stock market...place your bets and pray they go up and pay off winners when you need them.


I'm not a stockmarket analyser by any means, but I'm so sure that this admin is headed toward something similar to Cyprus that I'm about to take the hit I believe, and cash out. I've already taken out all CD's b/c there was nothing there for that investment at all. What prompted me to take them out was when I asked for an APR match from another institution and was told "we are not matching interest rates anymore", when I had always been able to get a match from this bank. I just said "well, cash it out then".
_________________________
MUP

Amateurs: Built the Ark

Professionals: Built the Titanic

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#3197544 - 03/19/13 04:45 PM Re: 6.75 to 9.9% tax on bank accounts in Cyprus [Re: MUP]
FLTENNHUNTER1
16 Point


Registered: 11/21/07
Posts: 16193
Loc: Tampa FL

content Online
I think the key is be as diversified as possible and spread the risk. I own land, have a 401k, company pension, tangibles. Some PM's. Some cash. Some lead. Some beans.

A bottle of Jack Daniels and popcorn for the upcoming show.
_________________________
The Second Amendment - George Washington didn't use free speech to defeat the British, he shot them.
"If there must be trouble, let it be in my day, that my child may have peace." - Thomas Paine





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#3197990 - 03/20/13 04:57 AM Re: 6.75 to 9.9% tax on bank accounts in Cyprus [Re: FLTENNHUNTER1]
MUP
Non-Typical


Registered: 08/01/07
Posts: 44731
Loc: Just North of Chatt-town

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Bout the same here FLTN, minus the Jack and co pension.
_________________________
MUP

Amateurs: Built the Ark

Professionals: Built the Titanic

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#3198327 - 03/20/13 12:46 PM Re: 6.75 to 9.9% tax on bank accounts in Cyprus [Re: MUP]
OHVATN
4 Point


Registered: 10/09/12
Posts: 376
Loc: Middle TN

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"Those entrapped by the herd instinct are drowned in the deluges of history. But there are always the few who observe, reason, and take precautions, and thus escape the flood. For these few gold has been the asset of last resort."

Antony C. Sutton
_________________________
"Democracy is the theory that the common people know what they want and deserve to get it good and hard." H. L. Mencken

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#3198346 - 03/20/13 01:01 PM Re: 6.75 to 9.9% tax on bank accounts in Cyprus [Re: OHVATN]
MUP
Non-Typical


Registered: 08/01/07
Posts: 44731
Loc: Just North of Chatt-town

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This is an honest and sincere question. So, why, if the economy tanks and widespread mahem ensues, is gold going to do you any good whatsoever? I mean, I guess if the economy miraculously resurrects itself, you'd have gold to work with, but what if the economy is dead? Seems bartering items that are useful for actually sustaining life would be more on order. DORDTHASB (Dumb ol red neck thinks he's a stock broker)
_________________________
MUP

Amateurs: Built the Ark

Professionals: Built the Titanic

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#3198393 - 03/20/13 01:50 PM Re: 6.75 to 9.9% tax on bank accounts in Cyprus [Re: MUP]
OHVATN
4 Point


Registered: 10/09/12
Posts: 376
Loc: Middle TN

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I think you ask a very good question.

The guy quoted refers to gold as the "asset of last resort," and I take that to mean there are other important assets to have on hand to be prepared, i.e., beans and bullets. Without question, there are other necessaries that one should have to barter with in a collapse situation. Needed skills could be the best, but then there are cases of liquor, cartons of cigarettes, toilet paper, extra food, batteries. Anything that people would need. There's an article written by a survivor of Sarajevo that is chilling, but also very informative of life in an economic collapse and civil war. I think his conclusion was food and gold were necessary to survive, but guns and ammo (and a family or trusted community) were more important. I'll try to find that article and post it. At the end of the day, gold (and silver) have been used as money for 5,000 years. Some argue that if the dollar reserve currency system collapses, gold will be used by the central banks to rebalance the system and an once of gold will go sky high, but a loaf of bread in that situation will cost $300. I view gold as a transition asset. An asset that preserves your wealth/purchasing power as you and your family move from one economic system to the next. Anyone who is smart won't be using their gold to get anything in an economic collapse/civil war. If one does, they will be marked, followed, killed along with their family, and their gold taken. As you surmise, being able to barter with other items will be just as important. Once the horrible times end, those with gold (and silver) will have transitioned to the new era with some wealth while everyone else is impoverished.

Think of it this way: what would you and your family have needed to survive in Tennessee in 1864 and needed upon transition to a new era for you beginning April 1865?
_________________________
"Democracy is the theory that the common people know what they want and deserve to get it good and hard." H. L. Mencken

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#3198694 - 03/20/13 07:14 PM Re: 6.75 to 9.9% tax on bank accounts in Cyprus [Re: OHVATN]
Stalkhunter
10 Point


Registered: 07/17/11
Posts: 3947
Loc: Knoxville TN

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Hey if the economy goes wont matter, the currencey is only good if others will except it.
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#3198695 - 03/20/13 07:14 PM Re: 6.75 to 9.9% tax on bank accounts in Cyprus [Re: Stalkhunter]
Stalkhunter
10 Point


Registered: 07/17/11
Posts: 3947
Loc: Knoxville TN

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revealed that the NWO was displeased with Pres. Obama, as he went against their wishes by canceling the Keystone XL pipeline plan, among other things. The Elite do not want a financial collapse or catastrophic event with the American dollar for at least two to three years, which gives people temporary economic opportunities, he continued. The reason behind this is "forced debt creation" such as through college loans, and government spending, he said. This will bring debt levels up so high that when the Elite get ready to pull the plug on the currencies of the world, people will give up the Constitution, and accept a new world order, he outlined, adding that the end game for this scenario was four years.

While the super rich make up their own rules, the middle class will be taxed into oblivion, and be put into more and more debt, he continued. Within four years, 70% of Americans will be receiving some sort of check from the government, and the dollar will be phased out as the reserve currency and petro dollar of the world, Williams stated. Regarding gold and silver, he suggested that confiscation was unlikely-- the Elite are keeping this from being bothered. "One thing the Elite fear more than anything else, is the masses waking up...and as a result they are having to escalate their plans," he warned.
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#3198724 - 03/20/13 07:46 PM Re: 6.75 to 9.9% tax on bank accounts in Cyprus [Re: Stalkhunter]
OHVATN
4 Point


Registered: 10/09/12
Posts: 376
Loc: Middle TN

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http://www.caseyresearch.com/cdd/three-levels-survival-skills

This is the article I referred to. The piece from the Sarajevo survivor is the third article. Also consider what he discusses in the current context of the assault on our Second Amendment guarantees.

I'm not a survivalist and don't think it will come to this (maybe I'm simply hopeful). I think an Argentine hyperinflation or fall of USSR type situation could be more likely ( or we just muddle through for years). Who knows. The point is prepare as best you can with the resources available. I'd rather be as we'll armed as possible with a good family and/ or trusted friends than have 100 ounces of gold without.
_________________________
"Democracy is the theory that the common people know what they want and deserve to get it good and hard." H. L. Mencken

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#3198756 - 03/20/13 08:21 PM Re: 6.75 to 9.9% tax on bank accounts in Cyprus [Re: FLTENNHUNTER1]
TN RDG RNR
12 Point


Registered: 06/28/07
Posts: 7064
Loc: Rhea County

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This would never happen in America! \:D
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#3198802 - 03/20/13 08:53 PM Re: 6.75 to 9.9% tax on bank accounts in Cyprus [Re: OHVATN]
FLTENNHUNTER1
16 Point


Registered: 11/21/07
Posts: 16193
Loc: Tampa FL

content Online
 Originally Posted By: sds1961
http://www.caseyresearch.com/cdd/three-levels-survival-skills

This is the article I referred to. The piece from the Sarajevo survivor is the third article. Also consider what he discusses in the current context of the assault on our Second Amendment guarantees.

I'm not a survivalist and don't think it will come to this (maybe I'm simply hopeful). I think an Argentine hyperinflation or fall of USSR type situation could be more likely ( or we just muddle through for years). Who knows. The point is prepare as best you can with the resources available. I'd rather be as we'll armed as possible with a good family and/ or trusted friends than have 100 ounces of gold without.


8. Was it difficult to purchase firearms? What did you trade for arms and ammunition?

After the war, we had guns in every house. The police confiscated lots of guns at the beginning of the war. But most of them, we hid. Now I have one legal gun that I have a license for. Under the law, that's called a temporary collection. If there is unrest, the government will seize all the registered guns. Never forget that.

You know, there are many people who have one legal gun – but also illegal guns if that one gets seized. If you have good trade goods, you might be able to get a gun in a tough situation, but remember, the most difficult time is the first days, and perhaps you won't have enough time to find a weapon to protect your family. To be disarmed in a time of chaos and panic is a bad idea.

In my case – there was a man who needed a car battery for his radio, he had shotguns – I traded the accumulator for both of them. Sometimes I traded ammunition for food, and a few weeks later traded food for ammunition. Never did the trade at home, never in great amounts.

Few people knew how much, and what, I keep at home.

The most important thing is to keep as many things as possible in terms of space and money. Eventually you'll understand what is more valuable.

Correction: I'll always value weapons and ammunition the most. Second? Maybe gas masks and filters.
_________________________
The Second Amendment - George Washington didn't use free speech to defeat the British, he shot them.
"If there must be trouble, let it be in my day, that my child may have peace." - Thomas Paine





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#3206246 - 03/28/13 08:50 AM Re: 6.75 to 9.9% tax on bank accounts in Cyprus [Re: FLTENNHUNTER1]
MUP
Non-Typical


Registered: 08/01/07
Posts: 44731
Loc: Just North of Chatt-town

Offline
Well, apparently I'm not able to extract my 401k deposits at all, unless I am no longer employed with the company. \:\/
_________________________
MUP

Amateurs: Built the Ark

Professionals: Built the Titanic

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#3206683 - 03/28/13 02:34 PM Re: 6.75 to 9.9% tax on bank accounts in Cyprus [Re: MUP]
Backstrapcrazy
6 Point


Registered: 09/27/09
Posts: 870
Loc: powell , Tennessee

Offline
MUP...Have you tried to move your 401k or just cash out?
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#3206848 - 03/28/13 04:53 PM Re: 6.75 to 9.9% tax on bank accounts in Cyprus [Re: MUP]
FLTENNHUNTER1
16 Point


Registered: 11/21/07
Posts: 16193
Loc: Tampa FL

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 Originally Posted By: MUP
Well, apparently I'm not able to extract my 401k deposits at all, unless I am no longer employed with the company. \:\/



Do like I did...401k loans up to 50% of your account balance.
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#3207389 - 03/29/13 06:41 AM Re: 6.75 to 9.9% tax on bank accounts in Cyprus [Re: Backstrapcrazy]
MUP
Non-Typical


Registered: 08/01/07
Posts: 44731
Loc: Just North of Chatt-town

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 Originally Posted By: Backstrapcrazy
MUP...Have you tried to move your 401k or just cash out?


Wanted to try and cash out, but was told, by a previous employee here that they told him he could not cash out unless no longer employed. He is no longer employed here now. I get the feeling that our hr manager would say anything to keep someone from withdrawing their funds. Going to have to talk with him one on one I suppose and hear what he says , and read for myself in the bylaws.
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MUP

Amateurs: Built the Ark

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