• richardmkiernicki

The Unconventional Conventional, Part XVII

Updated: Aug 6, 2019

Greetings readers! After copy-pasting the wise words on “risk” from our be-loved Warren Buffett in last week blog it seems that my closing paragraph was omitted from my column. I have added it here so you know my closing comments.


Why then do investors have to establish a risk profile before investing? Because the financial institutions that generate a KYC (Know Your Client) form now have an excuse to not be responsible for the advice their advisors suggest that results in a loss of capital and commissions from their clients. And that my friends is just stupidity. However, the financial giants thrive on their ability to trade millions of shares daily based on all sorts of propaganda to ensure profitability for the shareholders. Profits at YOUR expense. I was going to continue this weeks blog with more thoughts on the subject of risk and the recent developments in Cyprus are suggesting that we open the discussion on risk from the perspective of what has

happened to the people of that nation. One of the things that stands out most in my mind is the loss of deposits held in bank accounts that happened to be above a certain threshold. Depositors had those funds removed from their accounts. Robbery. And no one can do anything about it? WTF???


If that is an example of what the institutions and government can do I would suggest that everyone remove all their money from their bank deposits all over the world and protest this type of piracy. However, since my words shall most probably fall upon deaf ears and therefore it is most likely that no one would ever actually withdraw their monies from their banks, nothing much is going to be done about this atrocity.


A word to the wise, wherever you may be. Make sure you deposit your monies in different accounts, at different banks so you can take advantage of any deposit insurance offered by

the financial institution. Be clear about how much money, how many different bank accounts you are protected with at any bank you are dealing with. If you have more money than what is covered by any deposit insurance offered by your institution, withdraw the excess and deposit it into another bank or buy gold. I am not surprised by the lack of news coverage about this criminal activity. What does bother me is the lack of public outcry. I am attaching a link to a news website that has more coverage on this repugnant activity than our local news radio 680NEWS who would lead you to believe that nothing much of any particular importance is happening in the world. Shame on you.

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/4/9_Sinclair__Conflict_Erupts_As_Elites_Plan_More_Wealth_Destruction.html


I shall leave you with the above link so that you can amuse yourselves with a different type of global news, at your leisure.


April 11, 2013 The Unconventional Conventional Part 17(a) as Part

“A” Went Amiss


Greetings readers! After copy-pasting the wise words on “risk” from our be-loved Warren Buffett in last week blog it seems that my closing paragraph was omitted from my column. I have added it here so you know my closing comments.


Why then do investors have to establish a risk profile before investing? Because the financial institutions that generate a KYC (Know Your Client) form now have an excuse to not be responsible for the advice their advisors suggest that results in a loss of capital and commissions from their clients. And that my friends is just stupidity. However, the financial giants thrive on their ability to trade millions of shares daily based on all sorts of propaganda to ensure profitability for the shareholders. Profits at YOUR expense.


I was going to continue this weeks blog with more thoughts on the subject of risk and the recent developments in Cyprus are suggesting that we open the discussion on risk from the perspective of what has happened to the people of that nation. One of the things that stands out most in my mind is the loss of deposits held in bank accounts that happened to be above a certain threshold. Depositors had those funds removed from their accounts. Robbery. And no one can do anything about it? WTF???


If that is an example of what the institutions and government can do I would suggest that everyone remove all their money from their bank deposits all over the world and protest this type of piracy. However, since my words shall most probably fall upon deaf ears and therefore it is most likely that no one would ever actually withdraw their monies from their banks, nothing much is going to be done about this atrocity.


A word to the wise, wherever you may be. Make sure you deposit your monies in different accounts, at different banks so you can take advantage of any deposit insurance offered by the financial institution. Be clear about how much money, how many different bank accounts you are protected with at any bank you are dealing with. If you have more money than what is covered by any deposit insurance offered by your institution, withdraw the excess and deposit it into another bank or buy gold.


I am not surprised by the lack of news coverage about this criminal activity. What does bother me is the lack of public outcry. I am attaching a link to a news website that has more coverage on this repugnant activity than our local news radio 680NEWS who would lead you to believe that nothing much of any particular importance is happening in the world. Shame on you.

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/4/9_Sinclair__Conflict_Erupts_As_Elites_Plan_More_Wealth_Destruction.html


I shall leave you with the above link so that you can amuse yourselves with a different type of global news, at your leisure.


Copyright 2013 Richard M. Kiernicki. All Rights Reserved.


#Buffett #KYC #profits #risk #Cyprus #funds #deposit #money #banks #insurance #robbery #gold #richardkiernicki #richardmkiernicki #differentiateyourself #billionairecoaching #mentoredbyabillionaire #unconventionalthinking #financialliteracy #personalfinance #financialplanning #unconventionalbusiness #unconventionalconventional #unconventionalfinancialplanning

© 2019-2020 Richard M. Kiernicki. All rights reserved.

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