[pibe_of_grao]

hey guy!!!ive been reading you since the crisis started. im from argentina, but actually living in switzerland.reading the argentinian newspapers, i saw this article: link

for those that cant read in spanish, basically says that its impossible to take large sums of money out off a bank in cash. that the banks give 100 excuses to the costumers in order to avoid giving cash to them. it also talks about the credit crunch.

This is the most important newspaper in argentina, and as you know, we have experience in a financial crisis that exploded after it was not possible to take cash anymore out off the banks. it was what we called "corralito". if more and more people starts to feel that cash is unavilable, sorry but the system is doomed. we hold on 3 weeks before everything exploded. i hope you can hold on a bit more. sorry for my doomer approach but i have experienced something similar, and its not nice.

ps:sorry for my english

[jasonraymondson]

Let me ease some fears.

I give this whole thing 50/50

50% No chance in hell and 50% chance no way in focking hell.


Stop being a bunch of ninny sky falling chickens.

[TheDude]

$this->bbcode_second_pass_quote('sittinguy', 'T')he Wacovia in my town got cleanen out a few days ago. When I drove by there was a line of about 50 people, parking lot packed. It was sweet. I got a little doomer wood as I drove by.

[Roccland]

$this->bbcode_second_pass_quote('DantesPeak', 'B')ased upon our experience after September 11, 2001, the whole system could be made to shut down up to one week before chaos results.

However I doubt we are yet neat the point where a system wide shutdown is needed. That is - I doubt anything crazy will happen before election day.

[Roccland]

$this->bbcode_second_pass_quote('pibe_of_grao', 'h')ey guy!!!ive been reading you since the crisis started. im from argentina, but actually living in switzerland.reading the argentinian newspapers, i saw this article: link
for those that cant read in spanish, basically says that its impossible to take large sums of money out off a bank in cash. that the banks give 100 excuses to the costumers in order to avoid giving cash to them. it also talks about the credit crunch.
This is the most important newspaper in argentina, and as you know, we have experience in a financial crisis that exploded after it was not possible to take cash anymore out off the banks. it was what we called "corralito". if more and more people starts to feel that cash is unavilable, sorry but the system is doomed. we hold on 3 weeks before everything exploded. i hope you can hold on a bit more. sorry for my doomer approach but i have experienced something similar, and its not nice.
ps:sorry for my english

[Delphis]

I phoned a number of friends that work at BofA and they have not returned my calls.

I would say the plausible reasons are:
33% they really don't like me and wish I would just jump off a cliff
33% they are rather busy and will get back to me during their upcoming one week holiday
33% they know why I have called and don't want to get "offed" for blowing the whistle

I am really unsure which of the above reasons will stick, but I did have a few times in the last couple of days when my ATM card and Credit Card did not work; yes there is plenty of room on both. Hopefully it was just a glitch in the matrix...but I did get a free coffee and a free beer out of the deal, dishwashing notwithstanding.

[Dan1195]

I almost consider 1-week Back Holiday impractical in todays society. I mean who carries enough cash on hand to pay for gas, food and anything else they want/need to over a week period. This is beside the fact anyone in Government would know this would just freak ouf the public at large, as such an action is strongly connected to the Great Depression, where as "bailouts" and arranged mergers are not.

[Goatlady]

There is a great deal of information on the Global Research site.

"Will the Crisis Bring Down the Global System? Go Get Your Dollars Out NOW! FAST!'
by; Adrian Salbuchi

He is from Argentina and gives a detailed account of the problems we may face in the near future...

Minus the 'Gog of Magog' stuff...
LOL!

We only have a webtv so I can't post an link, but would appreciate it if someone else could.

Smiles,
Goatlady

[Jotapay]

$this->bbcode_second_pass_quote('Goatlady', 'T')here is a great deal of information on the Global Research site.
"Will the Crisis Bring Down the Global System? Go Get Your Dollars Out NOW! FAST!' by Adrian Salbuchi
He is from Argentina and gives a detailed account of the problems we may face in the near future. Minus the 'Gog of Magog' stuff... LOL! We only have a webtv so I can't post an link, but would appreciate it if someone else could. Smiles,
Goatlady

[Goatlady]

Adrian Salbuchi being a economic analyst based in Argentina - and therefore living an economic meltdown - seems a good person to lend an ear to.

What does it hurt and at the moment there seems to be plenty of 'tin foil' to spare for my hat....

hey, thanks for sharing!

Smiles,
Goatlady

[Delphis]

That is odd, I think Alcoa was the only stock that closed up today...

Perhaps there is hope after all (LOL)

D.

[smallpoxgirl]

$this->bbcode_second_pass_quote('Dan1195', 'I') almost consider 1-week Back Holiday impractical in todays society. I mean who carries enough cash on hand to pay for gas, food and anything else they want/need to over a week period. This is beside the fact anyone in Government would know this would just freak ouf the public at large, as such an action is strongly connected to the Great Depression, where as "bailouts" and arranged mergers are not.

[AirlinePilot]

$this->bbcode_second_pass_quote('smallpoxgirl', ' ') So you have to ask yourself if that happens, where are they trying to push me with all this fear? Unfortunately, your only choice at that point may be to go where they want you to go or get trampled by the herd.

[Dukat_Reloaded]

The debit & credit card will still work during a bank holiday, the problem is they don't have cash to pay out peoples deposits when they come to withdrawl cash from the bank, the banks can still allow their debit cards to function at the shops. I reckon the FED has a heap of printed currency in storage somewhere and they will give that to the banks. It will be hyperinflation.

[galacticsurfer]

How many banks are there and how much cash do they have on hand if people start to panic?

We all know what has been happening in the South East and that "topping up" can cause shortages. There are X number of gas stations and so many people and so many cars with a potential need of so much gas total if everyone tops up their tanks.

The same discussion could take place with bank deposits. X thousand banks(ATMS), so many customers, and rationing to so much cash per customer, debit card payments included. Could this avoid a bank holiday. Cash is like real money. How much is in circulation?

For example 1 Trillion USD cash on hand/ 300 million people = 3300 USD per person. If nobody hordes and money velocity is high enough everybody will have enough cash to live on. This is a naive model which assumes no credit cards. People for example would not be allowed to write cheques or use debit cards above the rationed amount. This is what a depression lookslike, no more revolving credit or installment loans for furniture and cars as everything freezes up. Cash is all you have and you have ot pay cash for everything and cash is rationed like gold so that inflation immediately obvious if they start printing.

[topcat]

I went to our little branch bank today to get a little WAM (walkin around money) and my teller only had 19 100 bills.

[oswald622]

when i first heard of this rumor, i was a little startled. and then i remembered the rumors about this time last fall, when martial law was all about around the corner, and i figured, eh, this current rumor is probably just part of a psychological operation. nothing to worry about.

but smallpoxgirl reminded me of an important point - sometimes psyops are test runs, and sometimes they're the real deal. martial law has been mentioned a couple times in congress in just the past week, and of course we all know about the groundwork which has quietly, patiently, and painstakingly been laid the last 8 years...

to sum, i think this is really it. it's coming soon.

[burtonridr]

$this->bbcode_second_pass_quote('topcat', 'I') went to our little branch bank today to get a little WAM (walkin around money) and my teller only had 19 100 bills.

[Captain_Meh]

Say I buy the rumors of a bank holiday or anything else that would motivate me to cash out my money market, savings, and checking accounts. Honest question: what the hell do I do with that cash?

[the48thronin]

$this->bbcode_second_pass_quote('Captain_Meh', 'S')ay I buy the rumors of a bank holiday or anything else that would motivate me to cash out my money market, savings, and checking accounts. Honest question: what the hell do I do with that cash?