Posted on 07/12/2015 10:13:43 AM PDT by E. Pluribus Unum
They just passed a law making you ahare-holder in your bank.
The value of shares changes.
Oh My God!. It’s the Illuminati and the Bittlebergers coming for our money again!
To Arms! To Arms! The ____(fill in the blank____) Are Coming!
Run while you can!!!!!
/ :)
Next week we are taking my Mom to get a safe and Mr. GG2 is going to bolt it to the floor so we can clean out her safe deposit box. Sooner rather than later we are going to see the haircut/bail in come to the US.
Very smart move.
The FDIC has always been a fraud. Even though your funds are insured, there was never enough to pay the loses. That’s why, under the law they have up to 100 years to give you your money.
How come we are just now hearing about Spain? Oh, yea, our media deamed it a non story.
The national banking system in this country is just as reliable as the public education system.
Depending on what you are going to put in it, of course, but we’re I to install a safe the first thing I would do would be pour about a two ton cube of concrete with 304 stainless anchor bolts to attach it. A safe so mounted ain’t going anywhere. A safe bolted to the floor can be gone in ten minutes with a tow truck and a chainsaw.
They will probably track people who withdraw and if you take too much they will no know raid your house on suspicion of “Your money” being involved in the drug trade and they will take your money away by force...
When you are forced into direct deposit for retirement and SS, you are really screwed.
Well, now you are really going to cause a panic!
I don't know what's secure in a crisis. One thing I'm doing: If it looks like you can weather a crisis where you live, it might make sense to get all repairs and purchases done now, rather than keep that money in the bank.
Silver is intriguing. Last week, the gov stopped the sale of Silver Eagles because the demand for them has become so great.
Nut-job Conspiracy Theory Ping!
To get onto The Nut-job Conspiracy Theory Ping List you must threaten to report me to the Mods if I don't add you to the list...
Steal the live savings of millions of Americans, and there will be little mystery in the sudden and violent demise of any number of bankers.
And what is wrong when you go the next day and withdraw the cash?
Oh I forgot! The banks won’t have any cash!
Seriously? What dirtbag has those 2 items at their disposal. If we are in a Mad-Max world and bands of roaming thieves are doing this, then we have far bigger problems....
I stopped reading when he said that there had been a collaboration to treat all deposits as liabilities.
Deposits have been considered liabilities on the balance sheet since there have been banks and balance sheets.
FDIC insurance, as any insurance does, falls apart when the losses cannot be spread across a wide range of risk.
Take a few minutes to understand how stuff works and you will see that these guys do not understand the basics of money and banking. I think it was a junior level undergrad course. There are plenty of ways we will all get screwed. These just are not among them.
...”Sooner rather than later we are going to see the haircut/bail in come to the US”....
Yes, but there will be some who will make a lot of money on it’s way down.
I’ve suggested the same to mine.
You are correct.
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