[Pfish]

Uhh...If I owe a $300,000 mortgage to my local bank and I also have $100,000 in that bank, what can they do? I am going to assume they have not sold the Mortgage or bundled it. But, let's say they "take a holiday," close the doors etc....I am not going to pay their mortgage if they are not going to let me use my money to pay their mortgage. Good luck trying to win that one in court. It does not even make sense. I think if you are below $250,000, you are fine.....

[Euric]

$this->bbcode_second_pass_quote('ritter', 'W')hat happened to your good feeling, Heineken?

I've got some cash on hand. If it gets to where the banks fail and your money dissipates, it won't matter if you've got thousands stuffed in your mattress. If things get to that point, it will be about survival on a daily basis, not about exchanging cash for goods. Best of luck to all and here's hoping for some more good years.

[HEADER_RACK]

I find it really hard to believe why some people think it's not prudent to be mindful of ones money and the safety of that money.
Is it really that difficult to deal in cash for some of you? I can either reach in my wallet and pull out a piece of plastic or I can reach in and pull out a couple of bills.
I can either store my money in a bank making a small amount of interest that I really don't notice or I can keep it in my safe at the house with no interest but freely accessible 24 and 7 with no limit withdrawals.
Are people so scared of watching over what they have themselves that they would rather take a chance on not having access to it in order for someone else to watch over it, with FDIC insurance or have some of you been brainwashed so much that you truly believe the only safe place for your money is in a bank?

[nobodypanic]

$this->bbcode_second_pass_quote('HEADER_RACK', 'I') find it really hard to believe why some people think it's not prudent to be mindful of ones money and the safety of that money.
Is it really that difficult to deal in cash for some of you? I can either reach in my wallet and pull out a piece of plastic or I can reach in and pull out a couple of bills.
I can either store my money in a bank making a small amount of interest that I really don't notice or I can keep it in my safe at the house with no interest but freely accessible 24 and 7 with no limit withdrawals.
Are people so scared of watching over what they have themselves that they would rather take a chance on not having access to it in order for someone else to watch over it, with FDIC insurance or have some of you been brainwashed so much that you truly believe the only safe place for your money is in a bank?

[HEADER_RACK]

$this->bbcode_second_pass_quote('nobodypanic', '')$this->bbcode_second_pass_quote('HEADER_RACK', 'I') find it really hard to believe why some people think it's not prudent to be mindful of ones money and the safety of that money.
Is it really that difficult to deal in cash for some of you? I can either reach in my wallet and pull out a piece of plastic or I can reach in and pull out a couple of bills.
I can either store my money in a bank making a small amount of interest that I really don't notice or I can keep it in my safe at the house with no interest but freely accessible 24 and 7 with no limit withdrawals.
Are people so scared of watching over what they have themselves that they would rather take a chance on not having access to it in order for someone else to watch over it, with FDIC insurance or have some of you been brainwashed so much that you truly believe the only safe place for your money is in a bank?

[lateStarter]

Last week, my wife began closing out all the investment accounts we had in the banks (on her own). I had been hinting for a while that it might be a 'prudent' thing to have a bit of cash on hand in case 'something' happened. We have 50% out now, and will get the rest on Monday. The bank was asking questions about why we wanted to take the money. She told them we were trying to develop some land and nobody would give us a loan, so we needed to liquidate the account.

She was also calling around to some of her friends and family to find out what they were doing. Most had already taken their money out or were planning to do so ASAP. And this is in a country (Poland) that according to experts is suppposed to be largely immune to the shenanigans occuring elsewhere. They have downgraded the growth rate to a little over 5% for this year and next. One of her relatives whose son is in banking told us that her son advised her to clear out all her money with the possible exception of her Gov't Securities. Her son is busy working out who is going to get 'downsized' in the coming adjustment. In return, he supposedly will get to stay on. Lots of luck with that...

I also just saw from Reuters that the PM and other Gov't officials will be meeting with exec's from the top 10 banks in Poland on Monday to 'discuss' the situation. So far, the only action that has been mentioned up till now is providing a guarantee for deposit funds.

I'd just like to have some cash on hand so we can make last minute stockup runs at Tesco while they are still taking cash. I know for sure that we need some Soy Sauce. I can eat a lot of rice, but I have to have Soy Sauce... Butter is nice too, but we can handle that locally.

[Pops]

I heard on some news show a couple of days ago that Sentry (a big manufacturer of safes in the US) has seen a 70% increase in sales at places like Wally's and Ho Depot.

Here is a couple of weeks I wouldn't be supervised to here another story about robbers staking out those parking lots and following people home and jotting down the address. Or maybe on the lookout for those making large purchases in cash.

Some of those safes only weigh 150lbs. I worked as facilities manager for a jewelry store chain and could move out one of those toys in a heartbeat and those much heavier with only a little more effort, then pop it at my leisure.

Just saying...

[kpeavey]

Starting a home safe booby trap enterprise would be something to think about. How about a safe with a GPS, motion activated. A simpler device would be something like a Doberman. Just be sure to poke him with a stick now and then.

[Pops]

$this->bbcode_second_pass_quote('kpeavey', 'S')tarting a home safe booby trap enterprise would be something to think about.

[JJ]

OK I have a very noobie question. I was at a gathering today, where there were several very PO aware people who are also watching the financial thing very carefully, but the rest were completely uninformed and didn't think we have anything to worry about. And they said their money is in credit unions which have no exposure to the toxic waste going around these days. is this true?

[Pops]

The Full Faith Blah Blah extends to any FDIC insured institution.

If the FDIC is gone then so is the credit of the US.

If that is gone then it's guns plain and simple.

Tell them to keep their money in the CUs.

[DantesPeak]

$this->bbcode_second_pass_quote('JJ', 'O')K I have a very noobie question. I was at a gathering today, where there were several very PO aware people who are also watching the financial thing very carefully, but the rest were completely uninformed and didn't think we have anything to worry about. And they said their money is in credit unions which have no exposure to the toxic waste going around these days. is this true?

[JJ]

thanks....like the "full faith blah blah...."

[Cid_Yama]

<i>but the booby trap thing could get you in more trouble than just losing your money.</i>

What? In a truely free country I should be able to have a minefield as long as it is clearly marked.

I'm keeping the warning signs up regardless. Let <b>them</b> prove whether the mines are still there or not.

[Pops]

$this->bbcode_second_pass_quote('Cid_Yama', 'W')hat? In a truely free country ...

[Cid_Yama]

No sense of humor, eh? Lighten up Pops, it was a joke.

But now that you mention it, I SHOULD be able to have a minefield if I want one.

Who's to say I can't. And if they do, that means I am not truely free, as, if it is my property, and it is passive defense, I should have the right to do as I please.

[Heineken]

$this->bbcode_second_pass_quote('Pops', 'I')f the FDIC is gone then so is the credit of the US.

If that is gone then it's guns plain and simple.

[HEADER_RACK]

$this->bbcode_second_pass_quote('Pops', 'I') heard on some news show a couple of days ago that Sentry (a big manufacturer of safes in the US) has seen a 70% increase in sales at places like Wally's and Ho Depot.

Here is a couple of weeks I wouldn't be supervised to here another story about robbers staking out those parking lots and following people home and jotting down the address. Or maybe on the lookout for those making large purchases in cash.

Some of those safes only weigh 150lbs. I worked as facilities manager for a jewelry store chain and could move out one of those toys in a heartbeat and those much heavier with only a little more effort, then pop it at my leisure.

Just saying...

[Pops]

OK, I quit.

Take your money from the bank, build a minefield, put in a silo to hold 30 years of wheat in your spare bedroom.

Do it tomorrow!


Oh yea, make sure you don't change anything else about your life.

[Hawkcreek]

$this->bbcode_second_pass_quote('', 'O')K, I quit.

Take your money from the bank, build a minefield, put in a silo to hold 30 years of wheat in your spare bedroom.

Do it tomorrow!