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A Lesson From the Greek Crisis: Safe Deposit Boxes Are Not Safe
mises.org ^
| July 6, 2015
| Joseph T. Salerno
Posted on 07/07/2015 4:01:03 PM PDT by NYTexan
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Think I heard on Rush's show today that this is already happening.
1
posted on
07/07/2015 4:01:03 PM PDT
by
NYTexan
To: Kartographer
2
posted on
07/07/2015 4:02:10 PM PDT
by
NYTexan
(\)
To: NYTexan
Wow. That’s robbery.
Wonder what they do with personal items like jewelry? Send the teller down to the pawn shop to hock it?
3
posted on
07/07/2015 4:04:26 PM PDT
by
dhs12345
To: NYTexan
NOTHING since 1933, when FDR, the Democrat/Communist, stole the gold out of every safe deposit box should have told people in this country and worldwide that no bank vault is safe.
4
posted on
07/07/2015 4:04:28 PM PDT
by
CodeToad
(If it weren't for physics and law enforcement I'd be unstoppable!)
To: NYTexan
In the early 1990’s as apartheid was ending the South African government put currency export controls in place. I was working for a major boat financing venture and we always had to be aware of the collateral value of the boats we had secured interests in. When South Africa limited the amount of cash a citizen could leave the country with, sales of ocean-going sail and power boats took off. We received a lot of industry intelligence to watch out for a possible dumping of boats from South Africa, but it never seemed to happen. I suspect that might be a way out of Greece as well. Plow it into a massive boat, then leave.
To: NYTexan
In the USA I believe it is illegal to put cash in a safe deposit box.
For the record, all of our cash, guns, and ammunition were lost in a tragic boating accident during the 4th Annual Lake Titicaca Bass Tournament.
6
posted on
07/07/2015 4:10:33 PM PDT
by
MeganC
(The Republic of The United States of America: 7/4/1776 to 6/26/2015 R.I.P.)
To: NYTexan
I’m expecting a run on those Trump mattresses Macy’s is selling off at a discount.
To: NYTexan
When are they going after the mattresses?
8
posted on
07/07/2015 4:17:22 PM PDT
by
aquila48
To: NYTexan
Buy barter goods. Ammo, non perishable food etc. Keep some cash at home.
9
posted on
07/07/2015 4:32:51 PM PDT
by
SpeakerToAnimals
(I hope to earn a name in battle)
To: MeganC
You can legally put cash in a safe deposit box. However banks are not responsible for the loss of such cash.
10
posted on
07/07/2015 4:42:15 PM PDT
by
Kirkwood
(Zombie Hunter)
To: aquila48
I will bet someone is developing a “combination mattress” as we speak...
11
posted on
07/07/2015 4:42:44 PM PDT
by
wastoute
(Government cannot redistribute wealth. Government can only redistribute poverty.)
To: wastoute
Close...
12
posted on
07/07/2015 4:46:55 PM PDT
by
NYTexan
(\)
To: NYTexan
They’ve never been “safe” anywhere. People using them are fools.
Buy your own safe. Put it in your own house.
13
posted on
07/07/2015 4:46:56 PM PDT
by
Lurker
(Violence is rarely the answer. But when it is it is the only answer.)
To: SpeakerToAnimals
They will devalue the cash by issuing new currency. No place to hide unless in real assets, e.g. gold, ammo, etc.
To: NYTexan
15
posted on
07/07/2015 4:49:13 PM PDT
by
wastoute
(Government cannot redistribute wealth. Government can only redistribute poverty.)
To: NYTexan
Where can I get one? What is the name of that bed?
16
posted on
07/07/2015 5:01:36 PM PDT
by
Zman
(Liberals: denying reality since Day One.)
To: appalachian_dweller; OldPossum; DuncanWaring; VirginiaMom; CodeToad; goosie; kalee; ...
Preppers’ PING!!
Hat tip to NYTexan for the heads-up!
17
posted on
07/07/2015 5:02:30 PM PDT
by
Kartographer
("We mutually pledge to each other our lives, our fortunes and our sacred honor.")
To: Zman
18
posted on
07/07/2015 5:24:58 PM PDT
by
NYTexan
To: Zman
To: NYTexan
That is outright theft!
But not in the least surprising. It’s just the next logical steno with socialism, which is just hidden theft.
20
posted on
07/07/2015 5:34:17 PM PDT
by
Hardens Hollow
(Couldn't find Galt's Gulch, so created our own Harden's Hollow to quit paying the fascist beast.)
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