Posted on 03/04/2009 11:45:13 AM PST by txmissy
This is where we Nationalize the entire banking system..
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This is where people should buy fire proof safes and tell the fdic and banks to go to hell.
but they are not going to allow a run on the banks to occur
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Many have already taken it out little by little, the bank run began months ago.
No big deal. Seriously. Nobody is going to lose a dime in FDIC insured funds and in fact never has. Uncle Sugar has a huge printing press and will print as much as needed to cover the FDIC insured funds. This is nothing if you are worried about the safety of your bank accounts. Of course, this is a solid indicator of how bad the economy is right now. But your money is safe. All of it that is insured by FDIC.
I don’t keep much in there. Our day to day expenses have to be covered, so we make sure they are. That’s about it.
I wish we had a populace that had half a clue these days. It sure would help.
Well, in addition to all the ammunition you can find
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Buy all you can, you can always sell it later but if, or should I say when, the shtf, ammo will be better than cash.
All that cash lying around would make it hard to sleep. As would the lumps in the mattress!
Then there’s the problem of keeping it away from Mrs. Tick...
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BIG fireproof, waterproof safe, long bolts into concrete floor, then build a false wall to hide it.
the faster it happens the faster we can have the revolution and let the cannabalism wipe out the blue cities and then the faster we can rebuild
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I’m hearing that a lot. People just want to get it on and rebuild.
What would happen if say, someone took their money they had in their checking account at a bank and electronically transfered it to say their PayPal account. Would that be stupid
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Paypal?
No way. Get a safe
mark of the beast
>> BIG fireproof, waterproof safe, long bolts into concrete floor, then build a false wall to hide it.
That would be great for keeping the world outside my walls away from my cash.
But it would take more than that to keep it out of Mrs. Tick’s hands.
oprah said,”don’t go out to eat”???
~~Important thread (including China) ... PING!
Go get ‘em, Sheriff Roscoe!
But but I thought the Obama administration wasn’t planning to nationalize the banks. Oh yeah... I forgot. They’re liars.
I imagine this will affect the CU’s eventually. Some have already been bailed out.
BTTT
LOL, I totally understand. Had to go home and have a couple of ginger and VO's last night. I've even taken to watching American Idol to escape the news - something I used to make fun of other people for doing. What's the world coming to ;)
“I’ve even taken to watching American Idol to escape the news - something I used to make fun of other people for doing. What’s the world coming to ;)”
We are in the middle of a take over of our country by marxists. Dow already on the way to erasing the small gain yesterday. Down 106 points already!
Like individual people, governments are dependent on income and credit. You & I need a job, plus access to credit to finance purchases like homes, cars, or as a cash advance to pay the week's bills.
When people either lose their job or have hours/salary cut back, they typically turn to even more credit, often times hitting up friends/family for loans. The squeeze comes when you have no money and your credit is revoked.
Government is no different. As they begin to experience tax revenue shortfalls, they begin to turn more and more to credit. That's what US gov't Treasury sales are all about - in the $trillions of dollars. The states used to be able to float their own bond issues, but no one wants to buy them anymore, so they look to the federal government's Treasury sales in order to send money their way via the 'stimulus'.
Ok, same issues as you & I: income & credit. Now, what happens when even the central government can no longer get credit? That is, countries like China refuse to keep buying Treasuries? Well, like people, they typically start making radical cut backs. Like any home budget, they start hacking away at non-essentials, then move up the list. This is what we want to achieve. We almost had California shut down.
Now, the federal government has one more ace up its sleeve and that is its ability to "print money". Sort of like a person/state issuing IOUs, the Federal Reserve can create 'reserves' in bank balance sheets if they (a) 'buy' Treasuries and then (b) offer them as collateral against a loan of more money to the bank.
That's how extra money is pumped into the system. But, like IOUs, at some point people realize they are just little pieces of paper with no real backing. So, the value of the paper drops and prices increase if anyone is offering to use them as payment. Scale it up enough, and the paper becomes worthless.
So that is what "save more, spend less" is all about. It cuts off government tax revenues (by slowing down the economy) and forces them to the credit markets. If we don't buy, then the Chinese don't have money to lend. Left with no other options, government either has to cut back or begin printing money, both of which destroys their ability to finance things like Hussein's health plan and his new 'cap & trade' plan, etc.
It all comes down to starving the beast and getting people to stop funding the agents of their own oppression.
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