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SA Adelaide Property Network - Wealth Preservation

Discussion in 'Networking & Meetups' started by Xenia, 1st Jun, 2016.

  1. Xenia

    Xenia Adelaide Property Manager Business Member

    Joined:
    21st Jun, 2015
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    2,342
    Location:
    4/136 The Parade Norwood, South Australia
    In June we will be discussing wealth preservation.

    There's only one reason people leave money in a bank: because they think it's safe there. They think they can get their money back out when they ask for it. This trust is what makes bank accounts possible, and without this trust, there is no longer any reason to put money in any bank.

    In 2013 the government of Cyprus destroyed that trust by raiding private bank accounts of anyone with a checking or saving account and simply looted private bank accounts of up to 50% of private deposits. This has been called the great European bank robbery and has set a nationwide precedence for any bank to do the same to it's citizens under the direction of a failing government economic system.

    If they don't do it so overtly we know that they do it covertly through hidden taxes like inflation which reduces the purchasing power of the dollar (fiat currency) with each coming year.

    Our seminar this month is an important one and I have invited Darryl Panes to speak to us about wealth preservation and how to preserve your money against inflation and theft from banks. This seminar cannot be recorded due to the sensitive information that will be held so please ensure that you are there in person.

    ADELAIDE PROPERTY NETWORK: Wealth Preservation.

    DATE: Tuesday 28th June 2016
    VENUE: Robin Hood Hotel; 315 Portrush Rd, Norwood
    COST: FREE

    TIMES: Please arrive at the venue before 6:30pm. The live trainings begin at 6:30 pm and followed by networking and dinner for those of us who love to socialise.

    Register here: Adelaide Property Network

    Love to see you there
     
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  2. MTR

    MTR Well-Known Member Premium Member

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    Location:
    Perth, Melbourne, USA

    Xenia
    funny but true, my father used to bury his money, did not trust banks, he has since passed away, he told mum where to look:)

    All the best with this presentation

    MTR:)
     
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  3. Xenia

    Xenia Adelaide Property Manager Business Member

    Joined:
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    Location:
    4/136 The Parade Norwood, South Australia
    My relatives in Cyprus lost half of their life savings. The government just shut down bank accounts and helped themselves to 50% of the money that was invested.
    That wasn't the worst of it, what followed after was lack of trust and a dead economy. People are living off what is left from their savings.
    My family all run businesses and now struggling for any type of business to come in. Staff are gone, can't afford to keep them and people who were employed are struggling the most. Some are even homeless, it's a complete disaster.
     
  4. Xenia

    Xenia Adelaide Property Manager Business Member

    Joined:
    21st Jun, 2015
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    Location:
    4/136 The Parade Norwood, South Australia
    Your dad was smart to do that. In a down economy this is a good survival trait to have :)
     
  5. Marg4000

    Marg4000 Well-Known Member

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    Qld
    The Australian Government guarantees bank deposits up to $250K per person.
    Marg
     
  6. House

    House Well-Known Member Premium Member

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    Sydney
    As long as it's an ADI. The list of protected banks can be found here.

    One scribble of a pen could easily take that guarantee away...
     
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  7. Xenia

    Xenia Adelaide Property Manager Business Member

    Joined:
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    Location:
    4/136 The Parade Norwood, South Australia
    You're right House, it's all run on policies that can be changed at any time.
    Cyprus was an easy target, less than 800,000 people in the whole country so not enough to fight back.
     
  8. Xenia

    Xenia Adelaide Property Manager Business Member

    Joined:
    21st Jun, 2015
    Posts:
    2,342
    Location:
    4/136 The Parade Norwood, South Australia
    Coming up this Tuesday.
    About 30 registered, great networking opportunity.