thanks to a fren on GA I've been starting to read The Creature From Jekyll Island, which I've been well aware of in terms of the stories bullet points, but never read. it starts off in the 1st chapter touching upon how banks are a house of cards in the sense that most, if not all these days, couldn't even come close to covering deposits if there was a run on the banks with people wanting to withdraw all of their savings.
I am thinking about personally withdrawing most of mine, which would be a fairly significant amount, and then either converting it to gold/silver coins or just keeping the cash in a safe spot. still TBD whether I'd keep whatever currency I have in safe deposit box at a bank/s or store it at home or elsewhere. I still need to determine wisest idea as it may be easier to insure the currency if stored at a bank vs my house for example. then still to be considered is how solvent insurance companies will even be if shit really hits the fan, but that's another topic.
anyway, I'm wondering if it gains us freedom fighting patriots anything to all start a run on the banks to make them scramble to find the cash to pay us depositors. this action will become known to the normies and then they'll start running to the banks as well just like they ran to get toilet paper. I assume the banks won't or can't call notes they have out that aren't due, and even if they did they're likely to get the middle finger from most borrowers, so it seems they would then look to the Fed for funding. how would that play out?
ultimately, would this help the white hat cause or not?
my sense is that it would expedite the awakening and Nassara. while it might be a little painful, it's inevitable so why delay the inevitable
Where is the best place to get into PM? Local shops? Unsure of online plus it seems it takes forever to deliver.
This exactly.
yeh good point on the silver purchase. I'll have to be caution of the delivery schedule with any coin broker before parting with my money via a wire or whatever method of payment
They could just print more and the value would drop.
value of the shit fiat would drop but your land, gold, silver, etc value that you should convert your withdrawn fiat to should increase and not sure exactly how freely they can decide to just print without being concerned about effects of inflation, interest rates, etc
thanks but I'm not looking at this selfishly. I'm trying to think in terms of the larger picture and if a run on the banks (i.e., people running to withdraw their savings) would help break the banks and the fed
1: If if hits the fan that hardcore you just need guns, water, food, liquor, and tobacco. So don't even worry about it.
2: I would not run on the banks. They honestly don't care and would just print more so I don't think it would serve any purpose.
3: Diversify. I have a little of everything - stocks, real estate, physical metal, cash, crypto currency, etc...
I'd love to help trigger a bank run. Innocent people might be affected? So what, that's the kind of thinking that helped get us into this mess. Regardless, I'm thinking about pulling everything out of their system.
If it gained enough momentum, it would definitely kick up some dust.
Wish I had that much in the bank to make a difference! And I'm not willing yet to sell the stocks I have saved for my sons college.
IMHO, I don't think we want a run on the banks.It would not be a "little painful" It would be devastating to everyone in America. FDIC would kick in first, they only have , rough numbers here, about 50 billion to cover about two trillion in the banks, so...not gonna happen. 1930's depression times ten. Then research greek island of crete bank runs . The only people that got hurt were the citizens. They instituted BAIL-IN"S not bail outs. Thats where they re-supply the banks with your money. That's right any money left in the banks, a certain percentage was "taken" by the banks and given to the bank institution itself. Citizens retirements were gone. International bank rules were changed shortly after so American banks can do the same. In other words the banks will stay solvent at OUR expense. Read the disclaimer for any checking or savings account you open today, the money you deposit is theirs not yours. https://thecommonsenseshow.com/conspiracy/money-your-bank-account-was-stolen-morning
https://thecommonsenseshow.com/conspiracy/what-happened-when-i-tried-take-1500-cash-out-bank-america-bank-holiday-near
Read the part about SARS--If you are going to remove all your money do it now BEFORE a bank run. Do it in increments of less than $10,000. Do it all at once and you will be investigated by the IRS and FBI. Removing the same amount like every month until it's gone is also a crime called "structuring" Be smart and read up on these laws. A secret hole in the ground is the safest place.
I've withdrawn considerably more than $10k in cash at a time and wired money for gold coins for example that were much larger, so this concern about WDing less than $10k or structuring I feel strongly is unfounded. I did read the link you sent but that's just some dude's story which may or may not be true, but if the feds truly came to see him than there must be more to the story he's not letting on about
I am confident nothing prevents me from withdrawing all of my money without any worries about the IRS or FBI. I've paid all my taxes
I do appreciate your opinion and it actually is leading me to further believe that if folks en mass actually did do a run on the banks and used those funds to buy gold, silver, land and other tangibles that have value (a John Deere tractor, pickup truck, etc) that the outcome would harm the banking cartel and the cabal.
I think people need to desperately start getting their assets out of fiat and stocks, but I'm just me and just 1 opinion
Try posting that in wsbets group here. They have a lot of crayon eating people who talk about real and pretend money.
I would definitely invest a good margin of it in precious metals as they will always keep their value, ammo is a very good option also but not at this moment! Insurance will be moot if a SHTF/run on the bank scenario happens. I'm sure there are more educated anons here that will be able to help more than I.
cheers. yeh, I am really most intereested in the conseQuences of a run on the banks and if it could be a good move