I have seen the swift cut off happen more than 2-3 times.︇ Converting to EUR could be an option , but a bank who suffers a swift︈ cut off from the US immediately becomes high risk for EUR correspondence banks, but this︉ I guess is another kind of risk.
How To Prepare For Another Bank Run
- Thread starter troubled soul
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Trust me I was a long bond investor and timed the market well to︀ exit bond market on my long term euro treasury bonds back in Mar 2022. I︁ posted about this back then in this thread related to protecting wealth from future sanctions.︂ Had I not I exited I would be sitting on substantial loss of capital like.......SVG︃ bank RIP smi(&%.
4% interest on US Treasuries is a return below the rate of︄ inflation and that's not how you preserve your wealth 🙄. Long term Euro treasury bonds︅ were good for me when there was low inflation but not any more. I put︆ my money into total return assets i.e I get income from rent and capital appreciation︇ from my real estate and all tax free and outside banking system. As I mentioned︈ I bought as a distressed sale due to owners falling foul of rising interest rates︉ on their financing...lol. Oh and its not in the strange places you mention. I am︊ a little smarter than that when it comes to wealth/asset protection....lol hap¤#"
I asked you the question and you answered︌ with a question. How does that work? 😕
https://www.cnbc.com/2022/03/22/cou...rsify-away-from-the-us-dollar-think-tank.html
P.S Lets get back to thread topic or start a new thread and we discuss there plz. USD is a deep topic and not for this thread.
4% interest on US Treasuries is a return below the rate of︄ inflation and that's not how you preserve your wealth 🙄. Long term Euro treasury bonds︅ were good for me when there was low inflation but not any more. I put︆ my money into total return assets i.e I get income from rent and capital appreciation︇ from my real estate and all tax free and outside banking system. As I mentioned︈ I bought as a distressed sale due to owners falling foul of rising interest rates︉ on their financing...lol. Oh and its not in the strange places you mention. I am︊ a little smarter than that when it comes to wealth/asset protection....lol hap¤#"
I asked you the question and you answered︌ with a question. How does that work? 😕
Washington’s ‘trigger-happy’ sanctions may push countries away from the dollar, says think tank
https://www.cnbc.com/2022/03/22/cou...rsify-away-from-the-us-dollar-think-tank.html
P.S Lets get back to thread topic or start a new thread and we discuss there plz. USD is a deep topic and not for this thread.
I considered you question to be a rhetorical one... I appologize if I misread it.... then I don't know and would like to know your opinion....
Banks and fiat currency are based on trust.
Bitcoin is based on math.
Make your choice 😎
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Bitcoin is based on math.
Make your choice 😎
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
Bitcoin, USDC stablecoin rally after US intervenes on SVB
Stablecoin USD Coin (USDC) , which had lost its 1:1 dollar peg and hit an all-time low on Saturday on concerns over the exposures of Circle, the firm behind USDC, to Silicon Valley Bank, recovered. It was at $0.9917, closer to par and up from last week's lows around $0.88.Bitcoin was up about 8% from Sunday's lows, trading at $22,568.
https://www.reuters.com/technology/bitcoin-usdc-stablecoin-rally-after-us-intervenes-svb-2023-03-13/
Great to hear that your sell was well-timed!
Buying distressed assets can be great︂ and I hope you made a good purchase. I personally could not sleep at night︃ knowing all my assets in this world are in one building\compound\farmland\hotel\whatever.
Regardless of the location︄ of your asset, you are still at the mercy of the local government/regulation, zoning laws,︅ or Covid\Travel restrictions (if it's a hotel), or price of labor\wood\bananas (if it's farmland) and︆ the list goes on and on. Real estate always includes political risk even if it︇ looks like just an investment. I guess you did not buy in Europe or United︈ States as you clearly hate both these "areas" which only leaves South America or Asia︉ - areas with very particular risks of their own. Good luck, definitely not an investment︊ for everybody
Buying distressed assets can be great︂ and I hope you made a good purchase. I personally could not sleep at night︃ knowing all my assets in this world are in one building\compound\farmland\hotel\whatever.
Regardless of the location︄ of your asset, you are still at the mercy of the local government/regulation, zoning laws,︅ or Covid\Travel restrictions (if it's a hotel), or price of labor\wood\bananas (if it's farmland) and︆ the list goes on and on. Real estate always includes political risk even if it︇ looks like just an investment. I guess you did not buy in Europe or United︈ States as you clearly hate both these "areas" which only leaves South America or Asia︉ - areas with very particular risks of their own. Good luck, definitely not an investment︊ for everybody
No worries: Money printer go BRRR
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
what do you mean? this unique opportunity clearly needs just some TLC and also don't forget to mention that it's clearly overlooking areas of lush green vegetation
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