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BEFORE the bank runs start...


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Old 07-18-2015, 10:11 AM   #1 (permalink)
 
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Red face BEFORE the bank runs start...

... remember WHO owns your bank, and your money!

Could You Imagine? Banks May Be Closed for a Month

To prevent widespread bank runs and to keep money from leaving the country, the Greek government instated numerous capital controls to keep the lid on their economy, such as placing a daily withdrawal limit of 60 Euros. When they first created these mandates earlier this month, they were only supposed to be in place for a short period of time. But now it looks like the Greeks may be facing a long-term banking crisis.

Late last night, Prime Minister Alexis Tsipras made a statement that should have Greeks dreading the next few weeks. In a televised interview he stated “The reopening of the banks depends on the sanctioning of the deal, which will take place in a month.” So basically the citizens of Greece can look forward to long lines at the ATM and cash shortages through August.

Keep this in mind for when America’s debt crisis finally blows up. You don’t own the money in your bank. It belongs to the bank, and it’s insured and regulated by the government, who are bought and paid for by the banks with the money you put in their accounts. When the system falls apart, you’ve got to see the writing on the wall and get your money out early. Once the crisis starts, your savings will be handed over to the authorities, and rationed out at their leisure. (see how much debt the world owes).
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Old 07-19-2015, 11:10 PM   #2 (permalink)
 
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Hmm.. maybe time to withdraw my savings step by step?
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Old 07-19-2015, 11:56 PM   #3 (permalink)
 
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When the dollar crashes it all won't be worth anything anyhow. Invest in precious metals. I've got a good supply of brass and lead in different denominations.
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Old 07-20-2015, 12:14 AM   #4 (permalink)
 
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Originally Posted by SilvrSRT10 View Post
When the dollar crashes it all won't be worth anything anyhow. Invest in precious metals. I've got a good supply of brass and lead in different denominations.
The common man's precious metals: copper, brass, lead... preferably assembled...


"Junk (circulated, NON-numismatically valuable) silver" coins are a good option too, once your three "B's" are squared away: Bullets, Band-aids, & Beans.
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Old 07-20-2015, 10:15 AM   #5 (permalink)
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With cd's only paying .5% they are almost worthless. Just a place to hold your cash.
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Old 07-20-2015, 10:12 PM   #6 (permalink)
 
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Originally Posted by kwo51 View Post
With cd's only paying .5% they are almost worthless. Just a place to hold your cash.
Aint that the truth, i remember when they were paying 12-15%. FN banks.
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Old 07-23-2015, 12:23 AM   #7 (permalink)
 
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Originally Posted by The War Wagon View Post
The common man's precious metals: copper, brass, lead... preferably assembled...


"Junk (circulated, NON-numismatically valuable) silver" coins are a good option too, once your three "B's" are squared away: Bullets, Band-aids, & Beans.
No no no no no no no . . . . Its the FOUR B's:

Bullets

Band-aids

Beans

BACON!!!!!
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Old 07-23-2015, 08:04 AM   #8 (permalink)
 
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Originally Posted by Arckadian View Post
No no no no no no no . . . . Its the FOUR B's:

Bullets

Band-aids

Beans

BACON!!!!!
You don't stockpile beans INCLUDING bacon?


I actually bought $17 more of face value silver on Saturday, since it dropped below $15/oz.
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Old 07-25-2015, 01:57 AM   #9 (permalink)
 
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Gold prices have hit their lowest prices in 5 1/2 years..$1,077oz as of today, while silver is at $14.47 and both are still dropping. Some experts predict gold to go as low as $700oz. While crude oil prices are dropping too. Meanwhile the dollar gains strength and the Fed announced this week that interest rates will rise by end of the year. Not sure if all of this is good news, as I am no economic major.
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Old 07-25-2015, 09:03 AM   #10 (permalink)
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Government control of the markets is screwing it up like the rest of the stuff it gets its hand on.
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