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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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To: MeganC

“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.”

WOW! That is an amazing coincidence. The very same thing happened to me in that same tournament last year. Too bad we don’t have any weapons for the government to confiscate once tthe spineless RINOs let the Obamanation get his way.


21 posted on 07/07/2015 5:45:48 PM PDT by TonyM
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To: Wally_Kalbacken

you can also do offsetting futures/optoions transactions. The failing side in Greece the paying side in a safe haven.


22 posted on 07/07/2015 5:47:25 PM PDT by kvanbrunt2 (civil law: commanding what is right and prohibiting what is wrong Blackstone Commentaries I p44)
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To: CodeToad

I’ve about had it up to HERE with executive orders.


23 posted on 07/07/2015 6:40:07 PM PDT by bkopto (Free men are not equal. Equal men are not free.)
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To: CodeToad

This was an Executive Order! Pure Bull Shit! This EO even goes beyond some of what the ‘ZERO’ has issued! FDR should have been shot and quartered for this EO!


24 posted on 07/07/2015 7:10:29 PM PDT by GGpaX4DumpedTea (I am a Tea Party descendant...steeped in the Constitutional Republic given to us by the Founders)
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To: NYTexan

Bttt


25 posted on 07/07/2015 7:11:20 PM PDT by novemberslady
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To: GGpaX4DumpedTea

FDR was a socialist and a member of the progressive/communist movement.


26 posted on 07/07/2015 7:13:41 PM PDT by CodeToad (If it weren't for physics and law enforcement I'd be unstoppable!)
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To: quantumman
They will devalue the cash by issuing new currency.

yep
27 posted on 07/07/2015 7:14:03 PM PDT by novemberslady
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To: quantumman
No place to hide unless in real assets, e.g. gold, ammo, etc.

Back in the Carter years there was a magazine called "The California Mining Journal" that had a lot of conservative and pro-gold articles.

One was called "Gold is the natural enemy of Socialism" and one gem I pulled from that article was the reason Socialists (or any government printing fiat currency) hated gold is that while they could say that your current $100 paper dollars was worth only $10 in the new replacement paper money, they couldn't say an ounce of gold now only weighed 1/2 ounce.

[Sidebar] There was a lot of talk back then about the Feds having huge amounts of different colored paper money at the various reserve banks in preparation for a devaluation. Turned out they WERE stacking up money, but it was in case of "an interruption to the economy" caused by a nuclear attack.

28 posted on 07/07/2015 7:37:50 PM PDT by Oatka (This is America. Assimilate or evaporate. [URL=http://media.photobucket.com/user/currencyjunkie/me)
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To: Kirkwood

You can legally put cash in a safe deposit box. However banks are not responsible for the loss of such cash.

**********************************************************************

I tried to get insurance on my coin collection years ago and was told by the insurance company that the only way they would insure it was if the entire collection was stored in a bank deposit box.


29 posted on 07/07/2015 8:21:57 PM PDT by Graybeard58
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To: GGpaX4DumpedTea

FDR should have been shot and quartered for this EO!

**********************************************************************

Instead, he died a natural death and was dimed.


30 posted on 07/07/2015 8:24:41 PM PDT by Graybeard58
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To: NYTexan

LOL! Very good.

Sorry about the NY part.


31 posted on 07/08/2015 5:17:29 AM PDT by Lee'sGhost ("Just look at the flowers, Lizzie. Just look at the flowers.")
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To: NYTexan

So when you want to access a gun you have to take the mattress off your bed? No thanks.


32 posted on 07/08/2015 5:46:16 AM PDT by Brooklyn Attitude (Things are only going to get worse.)
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To: NYTexan

Transferring money to a non-US bank is starting to look interesting.


33 posted on 07/08/2015 5:50:21 AM PDT by Brooklyn Attitude (Things are only going to get worse.)
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To: NYTexan

They’re safe..... if they’re buried in your back yard.


34 posted on 07/08/2015 5:51:47 AM PDT by kjam22 (my music video "If My People" at https://www.youtube.com/watch?v=74b20RjILy4)
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To: dhs12345
Wonder what they do with personal items like jewelry? Send the teller down to the pawn shop to hock it?

That was my first thought. You know there will be thefts and no way to prove what was stolen. When/If people are let back into their boxes, there will be an great increase in bankers deaths.

35 posted on 07/08/2015 6:07:02 AM PDT by bgill ( CDC site, "we still do not know exactly how people are infected with Ebola")
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To: bgill

Sad. Because most people trust the bank. It is what our government tried to fix after the crash of 1929 — trust in our banking system. Don’t be fooled, it could happen in the US.


36 posted on 07/08/2015 6:19:35 AM PDT by dhs12345
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To: Brooklyn Attitude

There’s a bank in Australia, I believe, that converts your cash to physical silver or gold and stores it that way.
They issue you a debit card, and when they pay the merchant/vendor from your account, they sell off whatever amount of metal they need to to make good on the debt.
When you deposit money, they buy metal with it immediately.

Only one country makes it illegal for its citizens to have an account at this bank.


37 posted on 07/08/2015 6:24:00 AM PDT by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: TonyM; MeganC

More important than hiding your guns is to have enough extra to distribute to people
“caught in the first wave”.

There is no way, given the numbers, that the feds could confiscate all privately held guns before word got out that they were doing it.

At that point, plans that should be in place already should be implemented - distributing the unconfiscated guns to like minded patriots and going to the houses of those who ordered the confiscation and confronting them on YOUR terms.


38 posted on 07/08/2015 6:27:01 AM PDT by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: bkopto

I’m way past HERE with all three branches, LBGTWHATEVERS, ethnic privilege, illegals, msm, CDC, etc.


39 posted on 07/08/2015 6:44:01 AM PDT by bgill ( CDC site, "we still do not know exactly how people are infected with Ebola")
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To: MrB

There would be a certain irony in showing up at 3am to the house of someone who makes a career of showing up at other people’s houses at 3am.


40 posted on 07/08/2015 11:01:27 AM PDT by MeganC (The Republic of The United States of America: 7/4/1776 to 6/26/2015 R.I.P.)
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