Not to worry...soon this will be what it takes to buy your pita bread in Greece!
Posted on 07/05/2015 12:55:50 PM PDT by catnipman
Greeks cannot withdraw cash left in safe deposit boxes at Greek banks as long as capital restrictions remain in place, a deputy finance minister told Greek television on Sunday.
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(Excerpt) Read more at reuters.com ...
Little wonder why they so desperately want to take away all our guns...
Not to worry...soon this will be what it takes to buy your pita bread in Greece!
"Deputy Finance Minister Nadia Valavanis caused an immediate uproar by stating on Alpha television that the government intended to block access to safe deposit boxes in banks vaults to savers to avert further bank run."Which is the only way it can be implemented.
A month or 2 ago Chase Bank required safe deposit box renters to agree not to store cash in their boxes and to agree to allow them to turn over to the government any prohibited items in the box.
That is why it is better to have one’s money close than to have it in the bank (for whom I don’t trust) where it can be confiscated.
I see Mattresses are on sales this week. =)
Sorry Charlie you should have put it in your mattress
Who needs safe deposit boxes?
Define Prohibited, oh wait, after the last 4 Supreme Court Decisions we have so tortured the meanings of words ("unconscious prejudices") and divined powers that weren't their before, who knows what Prohibited means...
And very soon you are going to run out of your own people’s money.
In the US people are not permitted to keep gold silver or cash in safety deposit boxes.
In the US people cannot keep Gold silver or cash in saftety deposit boxes It is against the law.
Government just open all the boxes and take what they want.
If you must sign the box lease agreeing not to store an item you can be sure that the bankers - who are getting richer by being in in bed with the fed - will consider it “prohibited.”
Really? But how would the bank know what you have in your box?,, do they rifle through your box when you are not there?
On a national level I don’t laugh at the Geeks because our debt level is no better. Not to mention that China could bring us TO OUR KNEES in a matter of weeks if they simply stopped supplying us with manufactured goods. They wouldn’t even have to fire a shot for us to surrender.
But it is fun to gloat on a personal level - the idea of keeping valuables in a safe deposit box, when you’ve known for years all hell was going to break loose (along with not hoarding cash or other supplies), is just plain stupid. So it’s fun to see them squirm a bit.
Technically, when you deposit money in a bank, the money is owned by the bank, not by the depositor. The depositor has a legal claim on the money, but the bank has title to and ownership of the money.
I have no sympathy. This is what happens when you elect socialists.
A trial run for stealing Americans’ savings and retirement accounts next!
That is why it is better to have one’s money close than to have it in the bank (for whom I don’t trust) where it can be confiscated.
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Serious question - Where’s a safe place to keep cash at home? By “safe” I mean safe from theft, fire and natural disasters.
The only thing I can think of is a very heavy, fire proof safe and even if I had one, I’d be afraid to leave it untended, say for a week long vacation. Plus big safes cost big bucks.
“Technically, when you deposit money in a bank, the money is owned by the bank, not by the depositor. The depositor has a legal claim on the money, but the bank has title to and ownership of the money.”
Essentially, that’s correct because when you “deposit” money in a bank account, what you are really doing is loaning that money to the bank with a zero or more interest rate paid by the bank to you for the loan, and you become just one more creditor of your bank.
Under the mattress is looking better and better as a secure place to keep one’s cash.
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