[Heineken]

$this->bbcode_second_pass_quote('Pops', 'H')einie, it surprises me you would advise people to help take down their bank.

[frankthetank]

Wasn't it the banks that got us in to this mess? I say screw you banks... I don't have much faith in USD, but i have less faith in some digits in a computer.

[Heineken]

$this->bbcode_second_pass_quote('dunewalker', '')$this->bbcode_second_pass_quote('Pops', '
')I'd be very wary of following the suggestions of those in a panic.

[Pops]

$this->bbcode_second_pass_quote('Heineken', '')$this->bbcode_second_pass_quote('Pops', 'H')einie, it surprises me you would advise people to help take down their bank.

[retiredguy]

As Pops said, if the financial system crashes, the paper currency you managed to extract will be limited value.

Convert that paper to hard goods that can be bartered and buy enough non-perishable food to last six months.

If some sort of economic system isn't restarted after six months, well, you can connect the dots...

[dinopello]

$this->bbcode_second_pass_quote('retiredguy', 'A')s Pops said, if the financial system crashes, the paper currency you managed to extract will be limited value.

Convert that paper to hard goods that can be bartered and buy enough non-perishable food to last six months.

If some sort of economic system isn't restarted after six months, well, you can connect the dots...

[Heineken]

I see this a matter of personal survival. I'm not trying to incite panic.

Pops, I grew up as the son of parents who watched their parents lose everything in the Depression. My mother actually had no shoes for periods of time. Her father lost his dairy business and spent his remaining years dying on a couch. My father's father lost his job as a supervisor for the Pennsylvania Railroad and spent his remaining working years in a menial position for the PRR. The consequences affected my own life deeply.

Not sure if cash will retain its value but it's better in your hands than a bank's. That's step one, getting it out of their hands and into yours.

I could be wrong but I think we're going down.

[BigTex]

I went to my bank to take all my money out and I couldn't even get close to it--the whole thing was on fire.

There was a black helicopter hovering above the building with a flamethrower mounted on the bottom laying down wave after wave of fire to all parts of the building.

There were deposit slips and other pieces of paper floating through the air, some of them still smoldering.

The ATM was still visible, but it had started to melt and there was no way to get close enough even to do a "fast cash" withdrawal.

On the tail fin of the helicopter there was a Masonic emblem with "Rothschild" in cursive underneath it. The pilot looked a little like HEADERRACK's avatar.

[AirlinePilot]

Pops,

While I agree with your reasoning, here is my logic for getting ahead of the curve. First I've already done some limited prep from both a tangible and psychological perspective.

I have no debt except what I owe on the house. I can manage the mortgage even with a SIGNIFICANT reduction in Income or total unemployment for up to 6 months. I have cash reserves for other needs also.

The reason I pulled most of my cash out last week was because only in a perfect world filled with genuises does your idea pass muster. Unfortunately J6P is an idiot, and I'm going to get what I can out and convert it to preps and tangible things before it becomes worthless.

You can keep your money in the banks, which will ultimately tank because of the stampeding Hoard. We are very close to a collapse IMHO right now, it wont take much more bad news for the beginning of the cascading failures to start. The price of oil isn't going to matter If there are no companies to refine and deliver it!

[Heineken]

Very funny, well-written post, Tex.

But you have to admit things have gotten grimmer than you were expecting six months or a year ago. Far grimmer.

At some point counseling, "Have patience! Hang in there and all will be well" starts to sound fatuous. Maybe we're reaching that point.

My mind keeps going back to real estate (and employment). I don't see how prices can improve before going much lower, creating a whole new wave of foreclosures. The market is so fixated on the current mess it can't see ahead to the next one.

[Zardoz]

$this->bbcode_second_pass_quote('Heineken', '.')..I'm not trying to incite panic.

[Pops]

The Party Never Ends

[Heineken]

$this->bbcode_second_pass_quote('Zardoz', '')$this->bbcode_second_pass_quote('Heineken', '.')..I'm not trying to incite panic.

[Heineken]

$this->bbcode_second_pass_quote('Zardoz', '')$this->bbcode_second_pass_quote('Heineken', '.')..I'm not trying to incite panic.

[dinopello]

$this->bbcode_second_pass_quote('Heineken', 'B')ut you have to admit things have gotten grimmer than you were expecting six months or a year ago. Far grimmer.

[IndigoMoon]

Just for the record, I didn't pull mine out because Heineken said to. I did because it made sense in my situation and I did so before this thread was even started. However, I still appreciate that Heineken had no qualms with trying to warn people.

[Heineken]

Maybe I shouldn't have used the screaming all-caps in the subject line. Sorry 'bout that.

[Heineken]

$this->bbcode_second_pass_quote('dinopello', '')$this->bbcode_second_pass_quote('Heineken', 'B')ut you have to admit things have gotten grimmer than you were expecting six months or a year ago. Far grimmer.

[ritter]

$this->bbcode_second_pass_quote('Heineken', 'M')aybe I shouldn't have used the screaming all-caps in the subject line. Sorry 'bout that.