Pulling your cash out of a bank is not much different than other preps that many of us do all the time. And if you use the cash to buy food, gold, silver, or quality handguns and ammo, it is exactly the same.
Why would anyone bitch about what anyone else does with their own money?
You are allowing the bank to use your money to make money (effectively loaning them the money). They have done it for years, and made lots of profit from it.
If you decide to temporarily retract that loan, it is your business - not those who may decide to bitch about it.
PeakOil is You
CLEAN OUT YOUR BANK ACCOUNTS NOW
Re: CLEAN OUT YOUR BANK ACCOUNTS NOW
by Hawkcreek » Fri 10 Oct 2008, 19:50:53
"It don't make no sense that common sense don't make no sense no more"
John Prine
John Prine
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Re: CLEAN OUT YOUR BANK ACCOUNTS NOW
by frankthetank » Fri 10 Oct 2008, 20:08:54
Hey POPS...
2 banks failed tonite
$this->bbcode_second_pass_quote('', 'S')AN FRANCISCO (MarketWatch) -- Northville, Mich.-based Main Street Bank and Eldred, Ill.-based Meridian Bank became the latest victims of the ongoing financial crisis on Friday, when they folded and their deposits were transferred by the Federal Deposit Insurance Corp.
The closures are the 14th and 15th bank failures so far this year.
The FDIC said in a prepared statement that Main Street Bank had $98 million in total assets and $86 million in total deposits as of Tuesday. All of Main Street's deposits were assumed by Monroe, Mich.-based Monroe Bank & Trust, the FDIC said.
The FDIC said that Meridian Bank had total assets of $39.2 million and $36.9 million in total deposits as of Sep. 25. National Bank will buy roughly $7.6 million of Meridian's assets, while the FDIC will "retain the remaining assets for later disposition," according to its statement. All of Meridian Bank's depositors, "including any with deposits in excess of the FDIC's insurance limits," will automatically become depositors of Hillsboro, Ill.-based National Bank, the FDIC said.
2 banks failed tonite
$this->bbcode_second_pass_quote('', 'S')AN FRANCISCO (MarketWatch) -- Northville, Mich.-based Main Street Bank and Eldred, Ill.-based Meridian Bank became the latest victims of the ongoing financial crisis on Friday, when they folded and their deposits were transferred by the Federal Deposit Insurance Corp.
The closures are the 14th and 15th bank failures so far this year.
The FDIC said in a prepared statement that Main Street Bank had $98 million in total assets and $86 million in total deposits as of Tuesday. All of Main Street's deposits were assumed by Monroe, Mich.-based Monroe Bank & Trust, the FDIC said.
The FDIC said that Meridian Bank had total assets of $39.2 million and $36.9 million in total deposits as of Sep. 25. National Bank will buy roughly $7.6 million of Meridian's assets, while the FDIC will "retain the remaining assets for later disposition," according to its statement. All of Meridian Bank's depositors, "including any with deposits in excess of the FDIC's insurance limits," will automatically become depositors of Hillsboro, Ill.-based National Bank, the FDIC said.
lawns should be outlawed.
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Re: CLEAN OUT YOUR BANK ACCOUNTS NOW
by mos6507 » Fri 10 Oct 2008, 20:15:18
$this->bbcode_second_pass_quote('Ludi', '
')What the heck have we been prepping for?
')What the heck have we been prepping for?
This is a financial doomsday which is trumping peakoil. Many of us including myself were expecting peakoil doomsday to happen at least a year or more hence.
- mos6507
Re: CLEAN OUT YOUR BANK ACCOUNTS NOW
by Pops » Fri 10 Oct 2008, 20:33:20
$this->bbcode_second_pass_quote('frankthetank', 'H')ey POPS...
2 banks failed tonite
2 banks failed tonite
Check back in when the FDIC doesn't cover depositors...
The legitimate object of government, is to do for a community of people, whatever they need to have done, but can not do, at all, or can not, so well do, for themselves -- in their separate, and individual capacities.
-- Abraham Lincoln, Fragment on Government (July 1, 1854)
-- Abraham Lincoln, Fragment on Government (July 1, 1854)
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Re: CLEAN OUT YOUR BANK ACCOUNTS NOW
by Denny » Fri 10 Oct 2008, 20:43:22
$this->bbcode_second_pass_quote('Pops', '')$this->bbcode_second_pass_quote('frankthetank', 'H')ey POPS...
2 banks failed tonite
2 banks failed tonite
Check back in when the FDIC doesn't cover depositors...
Considering the way the federal government of the U.S. has been picking up the pieces of the giant insurance, mortgage and banking interests to protect the big investors, do you think they could turn off the taps now, if it comes to protecting the little guy? The day the FDIC stops protecting the little guy, you are going to see such a run on banks, folks will be stuffing hundred dollar bills under their mattresses. Others will be marching on the White House, now that the stage has been set by protecting Wall Street. That is one big power the little guy has, collectively speaking, the power of the ballot box.
In the big picture, protecting the little guy also protects the big guys. No, its not likely legal or constitutional but I guess one could say that about a lot that has transpired the past few years, especially the past few weeks, just ask Ron Paul. But, the horse named Expediency has already escaped from the constitutional barn.
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Denny - Heavy Crude
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