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Offlineencryptor
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Could US Banks Ever Hold Citizens' $ in 2015 or Future?
    #21899789 - 07/05/15 05:45 AM (8 years, 6 months ago)

If ISIS or another terrorist group dropped a nucular bomb on the USA and started another war could US banks hold my money from me?  I see Greece is facing a similar yet different situation right now.  Also I just seen an Anonymous Group posting warning the U.S. about terrorist, banks, and not getting my money from them.


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Invisibleinfected_2

Registered: 08/09/11
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Re: Could US Banks Ever Hold Citizens' $ in 2015 or Future? [Re: encryptor]
    #21899801 - 07/05/15 05:57 AM (8 years, 6 months ago)

Yes the US banking system could limit your access to your funds to prevent a run on the bank that would force it collapse. If the economy was so badly effected that this was the case your moneys probably not much use to you unless you get it out and stored in another currency cos inflation will probably kick in and it'll drop in strength on the exchange market.


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Offlineencryptor
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Re: Could US Banks Ever Hold Citizens' $ in 2015 or Future? [Re: infected_2]
    #21900298 - 07/05/15 09:51 AM (8 years, 6 months ago)

my gosh, then why are we all trusting banks?  I would rather hold my money in a safe or Bitcoin.


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Offlinehostileuniverse
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Re: Could US Banks Ever Hold Citizens' $ in 2015 or Future? [Re: encryptor]
    #21902286 - 07/05/15 06:49 PM (8 years, 6 months ago)

I would be more worried about our govt seizing our assests to pay for their ever increasing debt and entitlements...

Greece is a great example, a one time (so far) seizing of assets based on how much you have, they took anywhere from 10-50% of peoples money, just took it...


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InvisibleStonehenge
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Re: Could US Banks Ever Hold Citizens' $ in 2015 or Future? [Re: hostileuniverse]
    #21902340 - 07/05/15 07:02 PM (8 years, 6 months ago)

Cyprus too took people's money. Speaking of bitcoin, its been rising.


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“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835)

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Offlineencryptor
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Re: Could US Banks Ever Hold Citizens' $ in 2015 or Future? [Re: Stonehenge]
    #21911542 - 07/07/15 08:01 PM (8 years, 6 months ago)

my only assets are my vehicle and money.  I could see gov ceasing my money.


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InvisibleAdden
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Re: Could US Banks Ever Hold Citizens' $ in 2015 or Future? [Re: encryptor]
    #21914594 - 07/08/15 11:40 AM (8 years, 6 months ago)

Governments can seize your gold and silver too. It wasn't until the mid 70s that you could legally own over 5 ounces of gold. That was only 40 years ago.


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OfflinegeokillsA
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Re: Could US Banks Ever Hold Citizens' $ in 2015 or Future? [Re: encryptor]
    #21924042 - 07/10/15 11:07 AM (8 years, 6 months ago)

It would be an unlikely event for US banks to withhold your deposits in the foreseeable future, and I would bet my entire estate that it's not going to happen in 2015.  Preceding any such event, would be a necessary downgrade of the United States' credit rating and an inability for our government to issue (i.e. sell) US Treasury bonds.  For now, the US is still considered a safe haven, and so long as our bonds keep selling, the FDIC will be able to backstop any meaningful run on our banks.  Remember, the game of global finance does not require a nation to be without "unsustainable" debt, it only requires that the nation can continue to entice others to finance that debt on an ongoing basis.  Furthermore, countries can utilize inflation, which by its essence is a devaluation of currency, to reduce the weight of older debt that was taken when the currency was more valuable (that's one of the reasons why you can find houses that sold for $50K-$100K back in the 1970's, now selling for a million bucks or more).

At this juncture, almost every major economy out there is drunk on the debt scheme that has financed this past century's considerable growth, and equally as many countries have participated in devaluing their currencies.  Due to the complex interconnected nature of this scheme, it is unlikely to blow up overnight, even as there will be more country-specific and regional crisis, such as we are seeing in Greece currently.

https://en.wikipedia.org/wiki/Government_debt#By_country


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Offlinech1ck3n.s0up
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Re: Could US Banks Ever Hold Citizens' $ in 2015 or Future? [Re: geokills]
    #21925955 - 07/10/15 08:09 PM (8 years, 6 months ago)

Happens all the time. Don't pay your taxes, and your accounts will be frozen.

Also, after September 11th, ATMs were shut down for a while.


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"Inspiration ~ Move me brightly ~ light the song with sense and color ~ hold away despair ~ more than this I will not ask ~ faced with mysteries dark and vast ~ statements just seem vain at last" --Jerry Garcia, Terrapin Station

"Officer, I'm going to remain silent, and I would like to speak with a lawyer. I'm not resisting, but I don't consent to any searches.


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InvisibleStonehenge
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Re: Could US Banks Ever Hold Citizens' $ in 2015 or Future? [Re: ch1ck3n.s0up]
    #21932826 - 07/12/15 10:38 AM (8 years, 6 months ago)

They can't take your bitcoins so easily. I've been telling people to buy them since the price plunged not too long ago to nearly $170. When Greece looked like it was going down the tubes I said now is the time to double up on it. That was when the price was around 230. Today its 314. Need I say more? The best is yet to come, its not too late to get on the gravy train.


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“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835)

Trade list http://www.shroomery.org/forums/showflat.php/Number/18047755


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InvisibleAdden
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Re: Could US Banks Ever Hold Citizens' $ in 2015 or Future? [Re: Stonehenge]
    #21932839 - 07/12/15 10:42 AM (8 years, 6 months ago)

Like people did when silver and gold peaked?


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InvisibleStonehenge
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Re: Could US Banks Ever Hold Citizens' $ in 2015 or Future? [Re: Adden]
    #21933048 - 07/12/15 11:28 AM (8 years, 6 months ago)

You think btc has peaked? Lol, it was over 1000 at one time and will eventually surpass that. What do you do when your country won't let you transfer cash out? What do you do when you see your currency keep going down? Like the euro, ruble, etc? Bitcoins can be transferred anywhere with the click of a mouse. It doesn't really matter how your currency compares with another, its how much prices keep going up. We haven't seen much inflation yet but its coming.


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“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835)

Trade list http://www.shroomery.org/forums/showflat.php/Number/18047755


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Invisibletrscstghst
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Re: Could US Banks Ever Hold Citizens' $ in 2015 or Future? [Re: Stonehenge]
    #21993851 - 07/25/15 06:35 AM (8 years, 6 months ago)

if that ever happened cash wouldn't be good for much other than firewood or toilet paper anyway.  useful material goods would be better to have than cash, that is the problem with paper money that isn't backed with something physical.


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Why use up the forests which were centuries in the making and the mines which required ages to lay down, if we can get the equivalent of forest and mineral products in the annual growth of the hemp fields?
o Henry Ford


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Invisiblenooneman
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Re: Could US Banks Ever Hold Citizens' $ in 2015 or Future? [Re: encryptor]
    #22011615 - 07/28/15 07:32 PM (8 years, 6 months ago)

You're looking at this whole thing the wrong way. You think that what a bank does for you is to hold your money. This is not what a bank does. A bank gives you loans for things like houses and cars. Do you want to own a house? Do you want to be able to buy a car when your old one gives out? This is the service banks provide.

But they don't just give out home and car loans to just anyone. They want a credit history, and a bank account with a good history, and a way to assess your debt to income ratio over time using your bank records. The only way you can get those things is through long term banking.

You don't have a bank account to hold your money. You have a bank account so that later on you can get a home loan or a car loan.


Edited by nooneman (07/28/15 07:33 PM)


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Invisibletrscstghst
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Re: Could US Banks Ever Hold Citizens' $ in 2015 or Future? [Re: nooneman]
    #22013581 - 07/29/15 07:18 AM (8 years, 6 months ago)

IDK I have a bank account to hold my money. that is that is the only way I can get paid by my employer.  if I didn't have one they would open one for me.  I don't plan to take out any loans anytime ever.

and I also use my bank account for convienience of paying bills so I don't have to send cash or convert it to a money order. debit card transactions and checks are easier to deal with than cash


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Why use up the forests which were centuries in the making and the mines which required ages to lay down, if we can get the equivalent of forest and mineral products in the annual growth of the hemp fields?
o Henry Ford


Edited by trscstghst (07/29/15 07:20 AM)


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InvisibleStonehenge
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Re: Could US Banks Ever Hold Citizens' $ in 2015 or Future? [Re: trscstghst]
    #22013615 - 07/29/15 07:35 AM (8 years, 6 months ago)

>debit card transactions and checks are easier to deal with than cash

True, and automatic bill payment is easier yet. Set up your utilities and regular payments then you don't have to send a check or remember to do it. No late fees and no hassle. Just be sure you have money in checking.


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“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835)

Trade list http://www.shroomery.org/forums/showflat.php/Number/18047755


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