Posted on 04/01/2013 2:03:31 PM PDT by Mozilla
ping
How about buying treasuries? Does that help at all?
A simple bank that would guarantee not to loan out your checking account deposits, yet charge a small yearly fee to at least make some profit, might do well...
Their motto might be: We don’t give you 0.001% interest, but we’re solvent. So...
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I can sympathize more and more as to why my grandparents totally distrusted and despised banks back in their day. Nothing has changed.
It might, if the elites weren’t invested in running up the debt until the system crashes.
CC
It seems like a large scale version of the “Savings & Loan” scandals of the 80’s, where institutions gave reckless loans after Jimmy Carter raised the amounts covered by FDIC (it’s incredible how many of our problems trace directly back to that buffoon).
I’m wondering how soon Brussells ends up a smoldering hole in the ground.
Bankster BTTT!
Total complete meltdown is what they want. The government and powers that be want to bankrupt the government then come after your money in order to en the wealth in society no matter how much you have or how hard it took to make it. the goal is the end America. it is the goal with everything they are doing. They are attacking us on all fronts. They aim to remake America into their communist utopia and transofrm the whole world.
If you want more security, leave your money with me. I'll promise to sit on the box with my shotgun and guard it. My IOU is better than the bank's promise. /s (Scary times.)
A simple example to think about:
Bank customers deposit $1 billion in Some Bank. The Bank makes foolish investments. Time passess. The Bank is audited and shows total assets of $500 million. The Bank is declared insolvent.
Who should take the hit?
The obvious answer: The fools who put their hard earned cash in The Bank. If not, then who?
You shoot the bastards running the bank. After a while, the nonsense will stop.
Of course...you wll still have the Free Trade Communists pushing Free Trade....even as the EU crumbles.
Everything happening in Europe and Worldwide begins with the Failure of Free Trade.
First Roadcat Bank.....where we handle your money with a shotgun and a smile. ;-)
You shoot the bastards running the bank. After a while, the nonsense will stop.
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That’s fine and I don’t disagree. But, in Cyprus for example, the money is already gone. The “stealing” of the depositors money happened long ago. The mechanics of the depositors money being “seized” is, in reality, just a bookkeeping entry that acknowledges the reality of the loss.
Normal procedure would be for The Bank to declare bankruptcy with the assets being divided up proportionally among The Bank customers. This is not a whole lot different than what is actually happening as far as the bank customers are concerned.
Bottom line: Don’t put your money in banks that invest it in high yield Greek bonds.
Very good article by Michael Snyder. Thanks for posting. “Socialism Is Legal Plunder” - Bastiat Possession is 10/10ths in a lawless environment. BE PREPARED!
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