Posted on 07/12/2015 10:13:43 AM PDT by E. Pluribus Unum
Very good idea.
I trust banks as much as I do professional politicians.
When I consider how to secure things I ask myself , “How would I take this”. I figure if I can keep me from taking it any one who takes it would have to be smarter than me. I figure that eliminates most folks right there. The ones dumber than me but want to try anyway are gonna end up dead.
So I figure it would take me, my truck, and my chainsaw about ten minutes to steal a one ton safe that was secured in any less fashion than I described. Question is, is what is in the safe? It don’t make sense to put a great deal of effort into securing something that just ain’t all that valuable. Fer instance, I could spend two grand on a safe and another five hundred in securing it to store, let’s say, $2,000 worth of silver for SHTF. It makes more sense to me to spend $4,000 on a lathe and mill that weigh considerable and ain’t going anywhere and if the SHTF I can repair firearms . That knowledge and ability can not be stolen, does not have to be baby sat and provides more security than the $5,000 I would have spent on a safe and silver.
They aren’t doing smash and grabs of ATMs in your area yet? Not uncommon here. Smash the truck into the store, attach a chain to the ATM, and hit the gas.
Nah, n00b. Not the Bilderbergers (although they are nefarious for other reasons). Just regular bankers, giving out haircuts of up to 50% of your deposits.
To Arms! To Arms! The ____(fill in the blank____) Are Coming!
Indeed! I shall fill in the blank for you: "To Arms! To Arms! The Uninformed n00bz Are Coming! Run while you can!!!!!
Let me tell you about a little scheme that is used by at least one TX State Bank (Cibolo). There is a statement on the contract that you have to sign on their "signature card". It is a process called "offsetting"- basically, it is a process whereby they can steal money from your account if THEY determine that you OR THE BANK are in danger of insolvency. (I am stating this from memory, and this was a long time ago.) I trust credit unions much more than any bank...
We’ve done the same. Smart move.
The flaw in all this IS the idea that we are dealing with real money. We are not and have not been for some time. For all practical purposes, the US dollar (and most currencies) are Monopoly money.
Worst case, the Government makes new $$ up out of thin air and immediately transfer it to banks. The whole thing can be done electronically in a matter of minutes. Printing up the physical cash, in the extremely unlikely event it somehow ran out (which I consider next to impossible), could be done in days or weeks.
But.....you say that people will not believe the cash is worth anything. Perhaps. But you can bet your sweet a$$ that the MSM and ALL organs of the State will say otherwise. The sheeple will fall in line pretty quickly. Unlike Gay marriage, almost everyone wants to accept that lie—so they will. Even Saudi Arabia and China.
The Eagle minting is only down for a few weeks to catch up. As I’ve noted before, I believe the legislation authorizing the minting of the gold and silver legal tender coinage was actually a below the radar means to issue a replacement, fully backed, monetary system for when the central banking system failed. Mintage numbers compared to pre 1933/1964 numbers bear this out. There is now more available for commerce than was in circulation before those periods.
Also, your cash is, to the best of my knowledge, not affected by the financial shenanigans if the account is opened with the caveat “All deposits/transactions to be in Lawful Money, per 12 USC sec 411”. You will NOT earn interest on that account setup, but according to what I’ve read about this in the FED charter and from people practicing it, in defining the cash involved as such, it is removed from the reserve system as being able to be used for lending and as an asset able to be counted as reserves.
For many, that is entering the “tinfoil hat realm”, but my own encounters with bank, title company and real estate workers when treating transaction with this in mind indicate there is, little publicized/propagated, reality there.
think Seinfeld...get yourself a “Man-zeer” - or a “Bro”
Maybe Caytlin is hording cash?
“A safe bolted to the floor can be gone in ten minutes with a tow truck and a chainsaw.”
To give the tow truck access to the safe bolted to the floor of my basement, they’ll need a backhoe.
I think Nebraska is the only state with one that might be safe.”
Might this have anything to do with Texas wanting to keep their gold within their state and building a structure to do so? We have lots of state banks, at least in my area.
I was just on a job last week where I met an engineer from the Mid East who went through the Cypress mess. He had 330,000 € (about $500,000 at the time) go “poof!” and lost it all. Just savings.
Two things surprised me, a) that foreign born professionals save a lot more than us (of course most I meet are pretty mobile, so they probably don’t have it locked up in a mortgage) and b) they didn’t leave a trail of dead bodies when a significant fraction of their life toils was converted to crap. Granted, they don’t have easy recourse to Rule 308 in many of those areas...
Just a couple years ago, peninsula (Bay Area). Used a pallet jack to free the safe from its second floor bolting (wood) and then tipped it out the second floor window and drug it up planks into bed of pickup.
At that point the best last defense is to have several pounds of reloading powder inside, hopefully staying put in the likely spots a torch would be used :-)
You or I can not buy Silver Eagles from the U.S. Mint. Only a few dealer clearing houses are on the government list to be able to buy. Also the number you have to buy is very large. This is the play ground of the big boy coin dealers not you and me. I know were monster boxes are all over the country at from $2.49 premium plus spot silver price. You will pay more for credit card sales and one or two coin orders.
Interesting.....
Taking funds that do not belong to you to purchase what you desire is plain old, garden variety theft.
If they want riots in the streets and dead bankers found in their beds then let them try.
Martial law and the National Guard.....
Best bet is to either hide the cash or turn it into commodity.
Is your house paid off?
Do you have non-perishable food and ammo?
Do you have skills to use to (basically) homestead?
The other day, I just learned how to make soap. I'll be practicing.
What they don't have, they can't easily confiscate, like your money, which may be valueless by that point anyway.
Under the law, since you are earning interest, it isn’t your money. Your essentially making a loan to the bank, and the crappy interest rate reflects your option to call (retrieve) it at will.
That is where the 12 USC sec 411 comes in. You are stating you are only operating on the Lawful Money of the united States and it is being stored there and not entering the realm of the fractional reserve system.
Treasury maintained the presence of 300,000,000 in separate currency specifically for this up until a few decades ago but discontinued it in favor of people designating it in transactions and deposits. As I’ve read it, the left half of the bill represents public side (FED) and the right side private (Treasury). Coin and U.S. Postal service money orders are also “Lawful Money”, though the coin is significantly debased as to content, outside of the gold and silver Eagles which have the noted floating exchange rate with reserve currency.
Isn’t this where someone is supposed to post “This thread is worthless without pics”?
:-)
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