4c9be201   
   XPost: can.politics, ott.general   
   From: Canuck57@nospam.com   
      
   On 23/07/2011 11:10 AM, Roy wrote:   
   > On Jul 23, 10:31 am, Canuck57  wrote:   
   >> On 22/07/2011 11:15 AM, Alan Baggett wrote:   
   >>   
   >>   
   >>   
   >>   
   >>   
   >>   
   >>   
   >>   
   >>   
   >>> On Jul 22, 11:20 am, Canuck57    wrote:   
   >>>> On 21/07/2011 11:01 AM, Sum Guy wrote:   
   >>   
   >>>>> Canuck57 wrote:   
   >>   
   >>>>>> Ask the RCMP, $1000 bills are only used for criminal activities.   
   >>>>>> No honest activities occur with his volume of cash, the idea   
   >>>>>> was to keep it from showing on the income account.   
   >>   
   >>>>> Speak for yourself.   
   >>   
   >>>>> I've had a few dozen of those $1000 bills in the past.   
   >>   
   >>>>> And frankly, I'd rather just as well keep my money in cash at home in   
   >>>>> the form of $1000 bills vs having to split my money up across 3   
   >>>>> different banks, keeping just under their $100k per account limit.   
   >>   
   >>>>> The reason why we don't have them any more is not because of organized   
   >>>>> crime (they much prefer $100 and $50 bills anyways).   
   >>   
   >>>>> The reason is because too many people with high net worth would hord too   
   >>>>> much of the money supply and keep their money in that form at home, out   
   >>>>> of circulation, vs having that money sitting in bank accounts where   
   >>>>> (theoretically) the banks can loan that money out and keep the wheels of   
   >>>>> the economy turning (not that that policy is working here in Canada or   
   >>>>> the USA).   
   >>   
   >>>> Funny, I would rather keep it in gold in my safety deposit box as not to   
   >>>> worry about home invasion or theft.   
   >>   
   >>>> As for hoarding, you can do that electronically and internationally.  In   
   >>>> fact, offshore outside of Canadian fraud banking you can get 4.5% and up   
   >>>> interest with AAA asset backed loans.  Panama Canal for example.   
   >>   
   >>> And that's part 4 and the final part of the BM story - tax havens.   
   >>   
   >> I must admit, I like the TFSA tax haven the best.  Just wish they would   
   >> let me put more in.   
   >>   
   >> In fact, since CRA is probably watching this, and we know Ottawa greed   
   >> wants more money, they could let us do a RRSP to TFSA rollover like the   
   >> USA.  Give us a favorable rate of say 10%, dump the whole RRSP/LIRA mess   
   >> into one big TFSA for one big tax hit.  USA has this and a lot of people   
   >> used it, rolling the IRA into a ROTH.   
   >>   
   >> Looking forward to part 4.  I definitely see going offshore as in move   
   >> out as a possibility.   
   >>   
   >> --   
   >> Obama, enslaving Americans with debt-tax slavery for a spending binge.   
   >> Doesn't even borrow real money, Bernanke just creates it like a   
   >> counterfeiter. .   
   >   
   > That TFSA is a friggin joke...$63 interest on a $5000 deposit from an   
   > AB financial institution. I felt like sending it to Harper as a   
   > contribution to his friggin political party.   
      
   Use ING, they pay 2%.  Stay away from Ally, they could go bankrupt. But   
   me, I invest it in something.  Sitting at $23k or so, $8K tax free so   
   far.  Good for juicy dividend payers.   
      
   > What happened to the 'good 'ol days' when one could get 19 3/4 %   
   > interest on a 90 day investment?   
      
   They are coming again, maybe once the BoC, US Fed and Euro banks start   
   collapsing under currency fraud.   
      
   Personally I prefer precious metals, oil, energy and food that is not   
   discretionary.   
      
   --   
   Obama, enslaving Americans with debt-tax slavery for a spending binge.   
   Doesn't even borrow real money, Bernanke just creates it like a   
   counterfeiter. .   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)