by Jim Sinclair, JS Mineset:
What does “Get Out of The System (GOTS)” mean to you?
One things is as certain as Death and Taxes, You “GOTS” to go. Inertia and long term mulling over could cost you blockage of up to 83% of your assets.
The first 6 GOTS you must do.
What I strongly wish you do is free your assets from the balance sheets of the entity with which you are dealing in the entire Western world financial system, without exceptions. The official written evidence is overwhelming that in a systemic crisis of size depositors as unsecured creditors of a bank or broker by the simple act of having an account are lenders to that institution. In fact of law, the depositor, you, are very junior lenders as they are unsecured. You need to consider yourself as an informed Cypriot knowing that bail-in was coming a few months before it occurred. What would you do? My feeling is you would have done a lot more than just the thinking about it that you are doing now.