Bank run attempt fails, 4 now. What to do 1st 24 hours of crisis, if it occurs?

Economy Watch ^ | 12/7/2010 | Staff

[SonsOfLibertyII]

Some people organized an attempted run on the Banks to occur on 12/7/2010 starting in Europe. Appears to have failed for now. Emergency Preparedness What to do in the first 24 hours of Catastrophe (economic if we don’t take drastic action) Many of these actions are unnecessary if you have prepared ahead of time. 1. Hour 1: Run, don’t walk, to the store and buy everything of value, consumables first, then lastly durable goods. If by the time you arrive the crowds are huge or starting to become violent consider the risk/benefit try to find a smaller store or smaller city. Run on water may be associated with run on paper kitchen ware as no water to wash dishes. In an emergency typically water can be emptied within an hour. http://www.youtube.com/watch?v=TG-IOxUOYHI Think toilet paper, food, and Perishables. 2. Hour 2: Liquidate all of your assets so that you can return to the first step. Oddly some people are even now trying to start a run on the Banks. http://www.youtube.com/watch?v=jIuigEscnMQ

[SonsOfLibertyII]

3. Hour 3: Consider buying products that are unlikely to change in the next 10 years, how much have trash bags, bleach changed in the prior 10 years? Weren’t you going to buy $200.00 worth of that over the next 5 years anyhow? Pay it forward. 4. Hour 4: You tell me.

Steps to prepare so you aren’t concerned with the preceding steps.

1. Secure a credit line equal to all of your cash so that when you need to convert your cash to real assets you will not need to be concerned with visiting the bank and waiting in line for them to tell you that you will be limited to a withdrawal of only a percentage of your account balance. 2. Have a store of food and water so you have plenty of time to reflect on your next actions without having to rely on the government or your Church friends to simply live the next day. In fact, store enough so you can help others who failed to prepare. 3. You tell me.

[BenLurkin]

BLOAT

[jazminerose]

Why do I always think of this guy whenever I hear about shenanigans involving banks . . .

http://www.amazon.com/Its-Not-Easy-Being-God/dp/0615414737/ref=sr_1_1?ie=UTF8&s=books&qid=1291857220&sr=8-1

[Domandred]

Luckily with my location water is the least of my concerns. I have plenty of it, ways to collect it, and various ways to treat it for years. It’s everything else that I’m still trying to prepare even though I been unemployed/partial employed for the last year.

[roadcat]

Plywood and 2x4s, nails and screws. To secure your home when the zombies try to take the supplies you wisely stored in anticipation of an economic disaster. Me, I already have the lumber and screws ready to secure my home. Just need to run out and get milk and eggs.

[rockrr]

I may not be zombie-proof, but I’m zombie-aware and zombie-prepared!

[LibLieSlayer]

Food... check
Water... check
Meds... check...
Lots of guns and ammo... check
The will to use them... double check

LLS

[Noumenon]

If you do not have these things already, if you haven't prepared for this eventuality, and you hear the words "bank holiday" or something similar then you have a serious problem. More than one, in fact. If that occurs during my workday, I will get up from my desk, plead a 'family emergency' and leave IMMEDIATELY. I 'roll hot' every day. That means that I am armed and provisioned in such a manner that I can walk home if I have to. Home is, fortunately for me, out in the countryside. Three days away. I never let my gas tank go below half full. If I can, I will top off my gas tanks. Carry at least two hundred dollars in cash. That's not so much that you can't afford to toss it to the wolves if you must. You'll have a narrow window during which you can still make a gas purchase, if you're lucky. The LAST place you want to be in or near retail establishments of any sort. It'll get so ugly so fast you won't believe it. Believe it. People will change so fast it'll make your head spin. Be prepared to help others, but also be prepared to make some hard and unpleasant decisions.

[SonsOfLibertyII]

Ireland
Greece
Iceland(10/7/08 currency devalued in half)
Argentina
Etc
Next up Portugal, Spain, US?
29 September 2008 - The Icelandic government takes a 75% stake of the country’s third-largest .

6 October - Trading in Iceland’s six biggest financial shares is suspended .

7 October - Iceland’s government takes control of the country’s second and third largest banks,

Gordon Brown (10 October 2008)
UK PM Gordon Brown condemned Iceland’s handling

8 October - Iceland takes control of its biggest bank, Kaupthing, .

9 October - Icelandic Prime Minister Geir Haarde criticises the UK

10 October - UK Prime Minister Gordon Brown condemns Iceland’s handling
15 October - Iceland’s central bank cuts the country’s interest rate by 3.5% from a record high of 15.5%.

17 October - The amount of UK taxpayers’ money in failed Icelandic banks edges close to £1bn.

20 October - Iceland’s financial authorities formally announce the establishment of new Glitnir, Landsbanki and Kaupthing banks.

28 October - Iceland’s central bank raises its key interest rate to 18% from 12%.

20 November - The International Monetary Fund approves a $2.1bn (£1.4bn) loan

26 November - The annual rate of inflation in Iceland escalates to a record high of 17.1%.

[HereInTheHeartland]

“To secure your home when the zombies try to take the supplies you wisely stored in anticipation of an economic disaster. “

I saw those zombies. It was a little over over 2 years ago and it was horrible. They were walking around with glazed eyes repeating the same moaning, hell inspired chant; “Hope and Change”.
It brings back nightmares just to remember.

[SonsOfLibertyII]

Wait till we see what happens when we starve the beast taking their welfare checks, little revolt, no?

[newzjunkey]

[RavenATB]

I don't think the crisis will be spawned in quite that way. If you think about how this kind of thing would probably work, it makes sense to assume that the first place we'll start seeing the collapse is in the stores, banks, and other establishments that take “government paper” as a way of doing business. Grocery stores, for example, that would do business by taking food stamps. When store owners/managers begin to worry about the possibility of the government no honoring that “currency,” or the government not paying debts due, then we'll see store owners putting up signs that say “no food stamps,” or no WIC, or “we won't cash government checks.” When that starts to happen, it's time to “lock and load,” because the chit is going to hit the fan, and it won't be a matter of weeks or months before the crowds of zombies start to move into the richer neighborhoods...it will be a matter of hours.

When Greece began to collapse you way rioters in the streets. But at the end of the day, after the morons burn a few cars and wrestle with a few cops, they're “all Greek.” They're all on the same side.

In the US we have a political party that's spend decades telling certain minority groups that despite lack of education, training, motivation, and effort, their poor life situation was not their fault. “It's that other guy” out there who doesn’t want to pay high taxes who is victimizing you”...

Now after a guy who's been told he's a victim all his life sees “grandma” walking down the street carrying a purse, how long do you think it's going to take him to rationalize bashing her over the head and taking her purse?

[RavenATB]

I don't think the crisis will be spawned in quite that way. If you think about how this kind of thing would probably work, it makes sense to assume that the first place we'll start seeing the collapse is in the stores, banks, and other establishments that take “government paper” as a way of doing business. Grocery stores, for example, that would do business by taking food stamps. When store owners/managers begin to worry about the possibility of the government no honoring that “currency,” or the government not paying debts due, then we'll see store owners putting up signs that say “no food stamps,” or no WIC, or “we won't cash government checks.” When that starts to happen, it's time to “lock and load,” because the chit is going to hit the fan, and it won't be a matter of weeks or months before the crowds of zombies start to move into the richer neighborhoods...it will be a matter of hours.

When Greece began to collapse you way rioters in the streets. But at the end of the day, after the morons burn a few cars and wrestle with a few cops, they're “all Greek.” They're all on the same side.

In the US we have a political party that's spend decades telling certain minority groups that despite lack of education, training, motivation, and effort, their poor life situation was not their fault. “It's that other guy” out there who doesn’t want to pay high taxes who is victimizing you”...

Now after a guy who's been told he's a victim all his life sees “grandma” walking down the street carrying a purse, how long do you think it's going to take him to rationalize bashing her over the head and taking her purse?

[Tagurit]

Shop smart and you’ll save a ton of money, now and in the long run.

Club stores are a great place to stock up on basics like salt, sugar, rice, etc. at very good prices. If your budget is really tight, visit various local grocery stores every chance you get and look for stuff on sale & good deals on things you will and do use; buy one get one free, specials, and other unusually discounted items. Buy as much as you can afford and dig back on the rack to get the farthest out “Best if used by” date. A few extras here and there add up.
Use and rotate your stock.
We have a mini grocery store in our basement and every bit of it was purchased on sale.

Some consider it a “fool’s errand” to stock up, but I feel anyone that doesn’t have at least 3 months of food and supplies to be foolish.

[Kirkwood]

If everything hits the fan, I’m not going to worry about having enough trash bags on hand.

[Tagurit]

Trash bags become a very handy item to have in SHTF situations.
From makeshift rain coats, water collection, sealing windows, indoor toilets, Etc, Etc, …
Many uses for trash bags, they never go bad, and you can never have too many of them.

Now, if we can only figure out how to shove our current administration into one …

[Prussianone]

1. Use the Hurricane Emergency Checklist, as a base.
2. Use the “Neal Boortz spending method”: spend 10’s and 20’s, squirrel the 1’s, 5’s, and coin change tendered. If you need a head start, and can do it, break out a pre-determined amount, and add to it as you go.
3. Since dollar coins are still legal tender, and not everybody has converted FROM regular film canisters, “yet”, build a supply of dollar coins (either the new ones or the old ones) to get you through a week - 21 coins per 35mm film canister, and squirrel them.
4. If you have a firearm, you already are doing it. If you do NOT, and are not worried about being ‘tactical’, or don’t know that term, obtain a good ol’ 20-gauge cowboy-sized stagecoach-design shotgun. (No, I do NOT mean that long goose gun you saw on cable tv!) It won’t buck back hard, you can find ammunition easily for it, and it is so simple to operate. Get a “few” boxes, “just to be sure”, and keep it ready for use. (If necessary, watch YouTube videos by ‘millerusaf’, and get a good dose of practical knowledge.)
5. Keep gas in the car, following winter-time rules.
6. Don’t panic. Think this out as you were to begin a new way of life, with little money, and little stuff on hand, starting at a pre-determined point in time. What would you REALLY need to get now, before that date arrives?

Folks, I’ve been down to “collecting soda cans for rent money” before. I’m still here, so you can make it, too. I survived Hurricane Katrina, so that checklist is like a good ol’ military manual, now. I’ve been watching this bank thing for years now, and there are over 4000 banks that have gone under in this country. (Who cares by how, they did!) It’s not over yet, and it’s not going to be pretty. Stock your shelves, and your armory. Keep a good radio and batteries for a couple of months’ continual playing time. Get your remembered favortie book series, and a good pen and journal. In no-fun situations, putting words on paper, sometimes makes a body feel better. I kept my emergency operation-recovery journal, after my colostomy shut down. It worked for me.

Hang tough, think hard, live free, and love live the Republic!

[conservativeimage]

Buy ammunition, not gold! Then move into your friend’s house who has been buying gold for the last 10 years.

[jackv]

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