You mean, like this one?
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 ...
The last house we lived in had a huge jewelers safe, big enough for a child to fit inside, and it was under the bar in the den. It was visible but it would have been hidden if someone just constructed the cabinet frontage out a little bit.
You are CORRECT.
Let me offer a variation on that.
I went to my bank of many, many years. It's been bought and sold 4 different times. Currently its a US Bank.
a week ago I stopped in the lobby and went to the teller window to DEPOSIT $900 dollars CASH into my personal checking account. I had a personal DEPOSIT SLIP already filled out. It had my name and account number on it.
The teller who was new to me immediately asked me for some form of ID.
When I asked for what reason he needed to see my ID his response was that the law mandated that I had to prove it was me because it might be an attempt at LAUNDERING money.
Keep in mind I was putting only $900 dollars into a small personal checking account I've maintained for 25 years and the bank and Federal Government was up my a$$.
We're moving toward MORE and MORE CONTROL and invasiveness.
Keep your eys and ears open.
Nobody has mentioned the fact that if Greeks had some portion of their wealth as entries in a blockchain, it cannot be confiscated and can be redeemed at any time. Likewise physical PMs although those are more difficult to liquidate. If I were Greek I would have a stash of 1960-65 20 drachma coins and a selection of crypto currency.
Never put anything of value in a “safe deposit box” as the Government can get to it faster than you can.
You mean, like this one?
But as those sources indicated, the Chase policy and the “Updated Safe Deposit Box Lease Agreements” started April 2015. If you haven't signed/renewed a Chase lease since then you will not be hit till you do.
So either read closely your next Chase lease renewal or reread any Chase renewal you have signed since April and you will see the following (excerpted exactly) from an actual Chase Safe Deposit Box Lease Agreement I've seen and copied:
"You agree not to use the box to store money, coin or currency unless it is of a collectable nature."And if anyone wants to argue that they can win against Chase & the Fed (with both their armies of lawyers) by claiming their signed agreement not to store cash does not mean cash was prohibited by the terms of their lease - don't bother replying to me. I don't respond to calls from never-never-land."You agree that we may turn over to any law enforcement or governmental agency any object of yours, which we believe, in our sole discretion, to be prohibited by the terms of the lease."
“there is a fundamental misunderstanding of fundamental economics among ordinary people. the greeks are living proof of this”
Are you sure it’s the Greeks who don’t understand?
They seem to understand that debt is money, that the more you borrow the “richer” the lender becomes, and that paying it back is not a question of “fundamental economics” but rather a question of politics and poker.
I bet you that, in six months, Greece will have screwed over the German banks, that the German banks will grin and like it, because they have no choice, and that, like Iceland, the Greeks will be better off.
What you’re quoting is not an actual Chase document or contract but the BS language that’s floating around ONLY in the far-right-nutter echo chamber.
Post a PDF photoscan of an official Chase letter. There must have been millions of these letter sent, and yet, curiously enough not one has been posted anywhere on the Web.
I also called my Chase branch manager at home today (she’s a personal friend) and asked her about this. She laughed and said it’s complete nonsense.
And how would they know what anyone has in their safety deposit boxes?
Via government-ordered audits, in progress now.
It’s a joke to keep so much money in a bank nowadays. Better to get a good fire-rated safe bolted down and keep at home in an unusual place. It’s not like anyone is earning real interest in it and nobody is going to report you to Big Brother for taking out too much of your own money.
Go down and look at your bank’s parking lot. Doesn’t it seem odd that employees are at work on Sunday evening?
But it's 5 pages of extremely fine print that doesn't post well.
So you can either 1)Ask your friend to give you a copy of the "Updated" "Safe Deposit Agreement" in effect with renewal starting in April 2015 OR 2) Check you renewal after April 2015 AND in either case you will find the clauses quoted exactly as posted.
I have no motivation for spreading BS. I have nothing to gain by convincing you. But be forewarned . Check a Chase "Updated" "Safe Deposit Agreement" and you will find it exactly as I reported.
I'll trust you to be honorable enough to let me know after you've check as I suggested.
“But it’s 5 pages of extremely fine print that doesn’t post well.”
ROTFLOL!
I don’t think the banks will have your money, if there is a financial collapse. It’s the government that will get it. Wonder if they are going to demand that everyone declare cash money held at home, or maybe even make using cash illegal?
In this instance, it sounds to me like the government is taking the money(taxes). Fits one scenario I had thought of. Like I said, wealth doesn’t simply disappear - it gets transferred and that’s often to the Government through the banks. Totally destroys the middle class.
This is really in line with what I thought they would do. Tax the bejeezis out of the accounts. I don’t keep any cash or cash equivalents in the safe deposit boxes, just back up copies of important papers.
I think they’ll go after the retirement accounts, as well as the checking and savings accounts. I just hope they don’t also triple or quadruple the Real Estate Taxes.
If I empty my accounts, I’ll spend a lot of it on food and other preps. Especially those that are the first necessities to experience shortages, and stuff with 10-30 year shelf life that we use a lot.
I have a US Bank Account also. I just made a $700 all cash deposit to my account, and no one asked to see my ID at all. However, I live in a small town, so people tend to be more relaxed about stuff. I didn’t know the teller either.
Under the Federal Guidelines policy for detecting money laundering, banks are supposed to “know their customer”, so why do they have to ask for an ID? Also under that guideline, the teller here should have had some questions for me, because it is highly unusual for me to make cash deposits of any kind.
Ever notice the more the Government explains it’s policies, the more contradictory they become?
I look upon Washington DC as one big out of control Blob, coming to envelope us with their so called help, just like the Blob covered a diner. Bad things will be coming more and more frequently from Uncle Sam JMHO.
“In the US people cannot keep Gold silver or cash in saftety deposit boxes It is against the law.”
You can put whatever you want in a safe deposit box. In the past, I stored gold and silver coins in one and the bank clerk knew it because I was given a larger box than I had, to store it. A number of years later, I removed the coins and a bank clerk helped me do it.
Laz can tap
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