Get out of the banksss
That's why she gave up her business and home and moved to the river in a camper.
My guns and ammo I consider far more important than $$... when push comes to shove and a financial collapse happens I’ll be fine.
Is it safe to go to Bitcoin? Seriously.
Maybe I’m missing something here, but my take on this is that if the strength of the middle class is contingent upon government guarantees of bank deposits, then the middle class never really existed in the first place.
Citation?
These bank deposits become the property of the banking institution and as such can be used any way the bank wants.
It's been the law for decades-- I suspect for centuries--that bank deposits become the bank's property and that depositors are unsecured creditors of the bank. That's how banking works; banks couldn't make loans otherwise.
The problem is that most employers do direct deposit. I guess that means they can take your paycheck.
Anything, any material item you have can be taken away from you. All your guns and ammo even are no guarantee that you will prevail in a showdown.
May be better to get your spiritual house in order and enjoy what you have one day at a time. Of course, exercise as much prudence as you can discern from the prevailing winds of change . . . .
Merry Christmas to one and all and if you aren't of the faith, peace and good will to you.
Anything Congress does it can undo, I figure. Thing is though, they seem to be banking on all of us just rolling over on this instead of holding their feet to the fire. We should be calling, emailing, and lobbying in person every day, to let them know this sort of nonsense is NOT to be construed as business as usual, and therefore OK!
Things just might be so bad that there might be no election in 2016 and King Obama will be America's first dictator.
I have no choice as my employer forces us to us direct deposit, but since I tend to be broke, chances are my money will probably be spent when they do come after it.
Preparations for that may be entering their final stages, but the 60 million or so haven’t been taken down, yet. It probably won’t be long to bond collapse time, though.
The purchasing power of inflated, devalued dollars will drop to nil. Eventually the government will issue new currency and your dollar cash, whether in the bank or under the mattress, will be worthless.
Most people will in the same boat when the world goes to a crisp. We'll all be thumbing for a ride down the road to start over from scratch.
Too many assertions, with not a single one backed up by source material:
1. “G20 says banks own deposits, not the the depositors.”
So what (assuming this is even true)? Has no effect on U.S. banks without legislative change.
2. “The spending bill just passed by congress makes the American taxpayer responsible for any derivatives loses that banks may suffer. These derivative holders now have first priority when any funds are paid out and depositors are relegated to last place.”
Assuming the first part is true, is the second part actually true? Would love to see a reference.
3. “And if you don’t think there is any danger of a banking crisis in America you may want to keep in mind that the Treasury Dept. has recently ordered $200k worth of 72 hr emergency kits for dispersion to every major bank in America. These are known by many as bug-out-bags and are used to support individuals when disaster strikes and they have to care for themselves for the first few days of crisis.”
Is this true? $200,000 doesn’t seem like it would buy very many “bug-out” bags. And what purpose do these “bug-out” bags serve for the “bankers” anyway? So they can flee? Stay to conduct “business” when what exactly has happened? Lights have gone out? Internet down? Zombies?
4. “New legislation now gives pension plans the ability to cut benefits to pensioners in the future making the future welfare of these people uncertain. “
True or not true? And what kind of pensions are supposedly affected? Defined benefit plans, defined contribution plans, IRAs?
5. “The sanctions being placed on Russia are beginning to destabilize the world in many ways.”
Seems like this was just thrown in randomly. Lots of other bad things besides this going on
6. “For the past few years those elite with knowledge of the coming monetary destruction have been putting their fiat dollars into any hard assets they can find.”
Let’s see some actual proof, you know, some numbers, some examples, some specifics.
Given that my credit card balance is greater than my savings account balance, I dare the banks to default.
ping
bkmk
The middle class will be the last to figure out that there is no more “middle class”.