Posted on 04/08/2015 2:09:58 PM PDT by Migraine
I received a letter this past week from Chase because I was a safe-deposit-box customer. It was heavy handed and startling. Some of the terms included that lessee agrees not to have more than $25K worth in there (what's that? half of a good diamond?), that you can't have cash or coins in there (right away I thought Krugerrands, etc), and that the bank can restrict access to the box for any reason, or for no reason (unexpected circumstances, natural or manmade -- the sky is the limit). The contents are not protected against loss or damage. Oh, and they are raising the rent. I promptly went down and withdrew all my money, emptied the box of my meager possessions, and closed the accounts.
Yes, I read the Rockerfeller family had 22 billion dollars in 1969 but I cannot remember where I read this information. If that figure was right I wonder how much the Rockerfeller family has now.
Last year, Forbes ranked them a $10 billion, barely in the top 25 wealthiest families. Fortunes get smaller when too many take but don’t replenish.
By comparison, the #1 Walton clan had an estimated $125 billion.
I have not received this letter but I have long suspected that gold and/or silver in safe deposit boxes might be confiscated.
Bob, I agree. Nothing is too underhanded for them.
Well, now we know for sure. We’ve been put on notice.
Breaking Bad Wind is more like it (but I get your drift).
they are paving the way for the currency default that is coming. About a 66% devaluation. They will go into your safety deposit box and take out gold, silver, diamonds and cash and replace it with the new dollar which takes 3 old dollars to buy.
Take all your stuff out of your safety deposit box and put it in a home safe bolted to the floor.
Thanks, Georgia; I am with you on this!
Looks like it’s time for do-it-yourself private vault technology collaborations.
Layers of concrete and abrasive resistant plate (AR plate) might be a start for home vaults, but I haven’t bothered to design anything, yet (e.g., bolts/latches).
Banks are getting ready for a repudiation of debt. Similar measures were taken in other nations that defaulted and repudiated. In the end, they’ll probably prevent outlaw foreign transactions for a short while and do whatever to prevent currency from leaving the U.S.A.
Eventually, the dollar will most likely fall much with respect to several of the other currencies (see net energy commodities exporters and net manufactured products exporters).
Serious stuff, and time we engaged it with some concrete solutions.
Did you call switzerland swastikaland? Yikes.
I think I said Swisstikaland, in honor of their willingness to bank the Nazis’ loot in numbered, no questions, accounts. Now, they are just as willing to betray a client as the next bank.
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If the boxes are not protected from loss then why do they care what you have in it?
Obviously, they intend to steal what’s in it when the fed demands them to do so.
I think these new rules came about as a way of going after cartel cash and valuables; but now the rules are expanding to do nefarious things to the good guys when the currency no longer inspires any confidence.
So, I think you’re right.
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