That is theft. Period.
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.
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.