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Well, it seems Suzie agrees with Shelia Bair that the FDIC insurance fund is sound and that you should put deposits into FDIC insured bank accounts.
http://www.zerohedge.com/article/zer...es-blue-blazer
Remember this is the same Suzie Orman that said "BUY QQQQ" at NDAQ 5000 level...
And the same Suzie Orman who said "Buy a house or even a second house for the price appreciation and tax advantages" in 2006?
WHEN SUZIE ORMAN says "BUY GOLD" it will be time to reconsider holding (notice I didn't say sell) because THIS TIME, it's different folks.
http://www.kitco.com/ind/schoon/nov242009.html
"The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it. The process by which banks create money is so simple the mind is repelled.
John Kenneth Galbraith (1908- ), former professor of economics at Harvard, writing in Money: Whence it came, where it went (1975).
JK Galbraith’s statement that complexity is used by modern economics to confuse the truth about money is a fact. Simply put, bankers replaced money with credit and debt in order to profit by the indebting of others. It’s why bankers are now so rich. It is also why others are now so poor."
"Two powerful forces, paper money and gold, are now locked in mortal combat. The combatants, however, are proxies for far more fundamental forces. Paper money is a proxy for private banking and government power—and gold is a proxy for freedom."
"
Against the formidable opposition of central banks and Western governments, the price of gold has more than quadrupled in ten years. The forward selling of unmined gold by large gold mining companies in collusion with central bank gold leasing did much to constrain gold’s advance but the power of its intractable rise should be seen in the light of that opposition.
Currently, the fall of the US dollar is currently pushing gold to new highs. Tomorrow it will be the fall of the pound, the euro or the yen that will do so. The fraud of paper money is being exposed and it is only a matter of time until the global edifice of credit and debt it supports will collapse.
In The Great Wave (Oxford University Press 1996), Professor David Hackett Fisher, an economic historian, tells of the great waves that periodically destroy existing epochs to make way for the new and better eras that follow.
Such waves, Professor Fisher found, always culminate in total economic collapse. We are nearing the end of what Fisher believes is perhaps history’s greatest wave; and yet, the economy is still standing (though currently quite wobbly). Since great waves last from 80 to 120 years and this wave began in 1896, it means an economic collapse is imminent."
http://www.zerohedge.com/article/zer...es-blue-blazer
Remember this is the same Suzie Orman that said "BUY QQQQ" at NDAQ 5000 level...
And the same Suzie Orman who said "Buy a house or even a second house for the price appreciation and tax advantages" in 2006?
WHEN SUZIE ORMAN says "BUY GOLD" it will be time to reconsider holding (notice I didn't say sell) because THIS TIME, it's different folks.
http://www.kitco.com/ind/schoon/nov242009.html
"The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it. The process by which banks create money is so simple the mind is repelled.
John Kenneth Galbraith (1908- ), former professor of economics at Harvard, writing in Money: Whence it came, where it went (1975).
JK Galbraith’s statement that complexity is used by modern economics to confuse the truth about money is a fact. Simply put, bankers replaced money with credit and debt in order to profit by the indebting of others. It’s why bankers are now so rich. It is also why others are now so poor."
"Two powerful forces, paper money and gold, are now locked in mortal combat. The combatants, however, are proxies for far more fundamental forces. Paper money is a proxy for private banking and government power—and gold is a proxy for freedom."
"
Against the formidable opposition of central banks and Western governments, the price of gold has more than quadrupled in ten years. The forward selling of unmined gold by large gold mining companies in collusion with central bank gold leasing did much to constrain gold’s advance but the power of its intractable rise should be seen in the light of that opposition.
Currently, the fall of the US dollar is currently pushing gold to new highs. Tomorrow it will be the fall of the pound, the euro or the yen that will do so. The fraud of paper money is being exposed and it is only a matter of time until the global edifice of credit and debt it supports will collapse.
In The Great Wave (Oxford University Press 1996), Professor David Hackett Fisher, an economic historian, tells of the great waves that periodically destroy existing epochs to make way for the new and better eras that follow.
Such waves, Professor Fisher found, always culminate in total economic collapse. We are nearing the end of what Fisher believes is perhaps history’s greatest wave; and yet, the economy is still standing (though currently quite wobbly). Since great waves last from 80 to 120 years and this wave began in 1896, it means an economic collapse is imminent."
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