Bank runs https://t.co/uqDPJnnbPB
— B (@boomassiv) February 17, 2022
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My husband just transferred a significant chunk of his retirement to his account. I wonder what they would do if he went in and requested it in cash. What is the daily limit?
Do banks have a limit on cash withdrawn?
Someone here suggested I withdraw a significant chunk in $2K to $3K chunks once a month and either mention liking the casinos or talk about antiquing in Potosi. Either way, it keeps them from asking and if it ever comes up? I wasted it in slot machines or on chintzy antiques in quaint old shops on the way to visit my son in college. I’ve certainly got enough old crap around here I picked up here, there and everywhere.
Anyway, whomever that was here at TBP? It took about three years of doing that once a month at various branches around the region, but except for a few hundred dollars left each month after deposits are made, I managed to get it all out.
That was a fine tip just in time and I appreciate whichever wise ass here at TBP gave me the wise advice then! I did a turtle run on our bank and they didn’t even know it.
Problem is: I do not think that the USD will exists in 10 years from now,
making stored paper money worthless.
Still working and also collecting social security.Stacked an incredible amount of silver that way.
It is wise now to invest in valuable metals.
First and foremost, LEAD.
Second is silver.
Fuck gold.
Why silver and not gold?
Is easily recognizable in certain “forms” and can be traded more easily than a chunk of gold.
Just my two cents… we have silver rounds and junk silver.
BINGO.
Too valuable to be practical for day to day transactions.
It can be purchased in coin form (dimes, quarters and the like)
that can easily be exchanged for everyday items when the wheels come off.
A gold coin or bar worth thousands of dollars? How do but something
small with that? Like bread and eggs? I’m talking about real economic mayhem
where paper money id truly worthless.
Gold wafers that can be broken down into thing like i/8th oz and smaller, when you need a couple hundred.
There are a lot of options… and a size to fit every occasion…
Kinda like this but I’m not endorsing just pointing it out. Find a supplier you trust…
https://www.apmex.com/product/81533/20-x-1-gram-gold-valcambi-combibar-in-assay
Junk silver is much more practical for everyday use, not to mention it is going to be trusted more by people who are not experts in testing metals.
Valcambi CombiBars. 50 gram bars scored into one gram rectangles, easy to break off a (currently) sixty five ish dollar payment.
I agree but, if you have any gold you are wanting to dump let me know. It is better than paper & the thin promises of a retirement.
Most of it is NOT in paper any longer, but in tractor, implements, fuel storage, et cetera.
A bit of cash, because for a short time, it will be KING.
Something to consider in the planning.
I take it that if the current administration decides they are done with elections and choose to stay in power, enforced by the military… civil war (worst case). That you’ll stand your ground there??
If not then that hard investments, tractors, fuels, implements etc will all be gone. I see that in another post you have silver… Might want to buy a bit more… The nice thing about the gold… is it value is higher and packaged smaller. Easier to vacate with more in the pocket… if you know what I mean…
We will not vacate, at least not our mortal bodies. They will pry my God-given rights from my lifeless body when they pry my gun from my hand.
The rest of me will have abandoned this mortal plain.
Good plan… stay the course…
Philippians 3:14
I don’t know why caged birds sing, but I know why my heart is glad.
It is all faith based. It is worthless in the bank and it is worthless in paper. It will only have value as long as folks will accept it for payment.
The Republic, for the moment, is in the rear view mirror. Our monetary system is in the hands of con artists and thieves. Our governance is in the same condition. I strongly suggest you learn to depend on yourself and any community friendships you can form.
In Canada, most banks will ask you to place an order if you request more than ~$3000 cash in a single withdrawl. The order will usually be processed in less than 5 days, but under current circumstances, who knows.
The banks may suddenly be out of physical cash dollars, and many people will realize their funds aren’t kept in a shoe box in the back. They’re bank assets that don’t actually belong to the depositors and have been fractionally doled out at ratios of 10:1 or higher, so if everyone wants their funds back now, the bank doesn’t have the cash to cover it.
At least here in the US, it is protected by the FDIC. And there is always the backing by the confidence in the US government. /s
lol… that were funny…
Oh, cool, I won’t worry, then!
Other than a couple of nosy girls at local country bank branches, they didn’t ask. One in Jackson, Missouri asked if we were buying a used car for our son (she knew our son’s college account was attached to our Investor Club Account we’d opened when we moved here… not to do any investing, but to get at least some interest rate for at least some of my 401K money, at the time) and I told her we were looking for one for him, did she know anyone? Was that one of those little white lies discussed here the other day?
Anyway, after the account dropped below 100K, it became some other kind of account and by the time it was in the 20s, Nick and I were pulling several hundred out at ATMs a couple times a week, so that when the Pandemic was “declared” (*realize “Pandemic” was declared, and only alters our government’s authority, not an actual documented medical or biological crisis) there was so little money in there, it is just a regular old people’s account. Income dollars go in from various entities, payments and cash comes out. I use cash for almost every purchase I make, if I can. Our county sheriff wouldn’t put up with his deputies stealing anyone’s cash, so since I’m not really doing anything illegal, I don’t worry about traveling from the bank to another local community to buy something with cash.
I stay away from Cape Girardeau with that much cash. I got put on the ground for a whole lot less a few years ago. Spent the day in the ICU to avoid getting put in jail for resisting arrest. (Long story short; arrested for insisting I had a right to walk through a residential neighborhood and being bitchy.)
As a matter of fact, I stay away from Cape Girardeau most of the time now. Those narrow streets spook me now. The river really gives me chills now.
That is weird. I’ve always loved the Mississippi.
Maggie,
That could of been me…but I would never say to say anything to them. But, I know I have recommended that…and done it for years.
But we only keep about six months of fiat bill paying on hand…Svarga is right…large amounts of fiat to me is risky and will be inflated away.
The vast majority of the pulls has then gone into various hard assests…many with no paper trails…we also built a house with some.
Here is old sage who’s advice has done me well.
Hard assets with no paper trails. That.s it.
I was just listening to Lynette Zang, as I do quite a bit. She is really good.
Her mantra:
Food. Water. Energy. Security. Barterability. Wealth Preservation. Community. Shelter.
I don’t think this list is new to anyone here. But it is simple, easy to remember and complete.
Now, just to Au and Ag. I have a very simple rubric for what to buy and in what ratios. I didn’t do it this way, but it is what I have recommended to friends and family. It is all based on lots of podcasts, many containing anecdotes from real-life hyperinflations and tyrannies. Plus, current and historical gold/silver ratios and the balance between barterability and wealth preservation.
SO, think in $10,000 chunks. Not that you have to spend that to start. The first $3k should be silver and the next $7k gold.
What to buy? I really think with silver you cannot go wrong with junk…including plenty of dimes. As far as bullion, I think the best type is generic 1 oz rounds…lowest premium possible. Avoid Eagles…premiums are not worth it. But maples, krugeerands and phils are often just as cheap as rounds. In any case, I think with silver, just think weight and divisibility. Probably best to avoid heavier bars–5, 10, 100 oz, kg. The premiums saving are negligible. Also, avoid silver collectables unless you really
know what you’re doing. I do not.
Gold bullion, on the other hand should mostly be in recognizable sovereign coins. Eagles, Buffaloes Kruggerands, Philharmonics, Maples. Also, consider fractional coins–quarters and halfs. Doug Casey had an excellent point on these. To an X-Ray machine, these look like regular coins. You could carry a lot of money anywhere with it looking like pocket change.
Now, after about 40-50k following this method, its probably time to start looking at gold collectables. (maybe I’ll get there one day. i doubt it tho). Lynette Zang is correct. This is how the super-rich buy gold. They make/influence laws, so confiscations of this type of coins is a much lower probability.
One last idea (from Starpath Academy — if you haven’t checked out this channel, you should) would be to buy gold jewelry. This could fit in anywhere. A place like mene.com (I’m sure there are others) sells 24 karat gold jewelry in all forms specifically for investment purposes. Premiums are obviously much higher than bullion, but on both the confiscation and travel ideas some Au in this form could be a great idea.
I’m sure you are all aware of the generational debt bomb we have built. Now, there seem to be bank runs in Canada. These could spread like wildfire. You may not be aware that some key technicals on both gold and silver charts broke this week (I don’t read charts, but I listen to people who do).
Point is, this fucker can break quickly. Get some (more) gold and silver quickly. Like tomorrow. Bill Holter’s advice is convert everything into them that you don’t want to lose. (In my case, everything my wife will let me convert. 🙂 )
Public Service announcement over.
I see that as solid… but thats just me…
So you know, with the civil forfeiture laws on the books in many areas, this isn’t a foolproof solution to the potential problem.
Let’s say you’re driving to a store to buy something using your hard assets and are stopped by the police for some reason. They decide they have probable cause to search your car (or your person) and discover the hard assets in your possession.
They further decide these assets are the proceeds of illegal activity and seize them until you can prove they’re not. As a practical matter, this can be difficult even with a paper trail and almost impossible without one.
The bottom line is that it’s impossible to perfectly protect any assets you may have so your best bet is to spread them around, in different formats and places, then cross your fingers.
Regarding civil asset forfeiture, I’ve posted this before but it’s been a very long time. This is a Columbia, MO police chief.
Most people have no idea civil asset forfeiture exists. They think I’m crazy when I bring it up in any discussions on law enforcement.
They can outlaw so called hard assets at any point they choose, and make them subject to seizure.
Let them try and find it…
And let you try to spend it while it’s still safely hidden away!
Unfortunately, assets that can’t be transferred to others aren’t worth very much.
Theres always a buyer…
It was either you or Southern Sage, I think, but it was several years ago.
Whomever it was… THANKS.
I probably came up with the casino thing myself when a nosy clerk asked. It seemed such a good thing to plant in their heads, I used it a lot.
We tried to withdraw a few thousand from our bank a few years ago and they claimed to have serious trouble putting that much together. No need for lots of cash at a bank anymore. Runs will shut them down quite quickly.
When there is a run on banks, The depositors lose everything.
It’s axiomatic, historic, and undeniable.
The run on banks should be no mystery to anyone sane.
Canadians have seen their leaders turn to fascism against them.
Those people being realists, seeing their fascist government taking
money away from people they don’t like, realize their government doesn’t like ANY citizen, and will take their money when it suits them, so they are getting their money before the fascist government can steal it from them. Weimar Germany, anyone?
History rhyming.
Just buy PM’s and a good safe placed I a good hidey hole. The amount of interest you make likely amounts to little anyway. Where I am its about .5% monthly and based on the lowest amount held in the account.
The banks cannot seize it, unless you store it in a safety deposit box, and there are enough bullion buyers that you can cash in a coin, bar or wafer when ever needed. Or you can barter with it… The fiat doesn’t even make good toilet paper…
EDITED: Pretty sad you have to make up an alibi to take out YOUR OWN money… I;ve had a teller ask me about why I’m withdrawing $9K in cash… my reply.. Its none of your business.. . They don’t ask anymore…
Yes, earning .5% in a currency losing 15% of its value. Return free risk.
PM’s are the only game in town.
Pleased as punch…
When will they slam the doors shut, like in Venezuela, and refuse to give you your money… soon??
And then … the ‘smiles and hugs’ disappear.
You’re pleased are you now?
What about the decades of labour my family put in to save something that would see our family through retirement? Is it right that the fruits of my labour can be stolen from me at the whim of the government?
I never broke the law. I paid my taxes. I helped my fellow Canadian when I could. I am debt free and own my home and cars outright. Now my government intends to steal my savings and our future if they decide I don’t agree with their policies this week, without warrant, charges or a hearing?
No one voted for this. Trudeau isn’t even following the law with respect to the emergency order. He’s just doing it, and his like minded minions are going along without even questioning whether they are the baddies here.
Trudeau isn’t even following the law with respect to the emergency order.
This is why he will be gone very soon. Even his supporters are seeing the Dictator gene arise and for any person with a basic human instinct it is a RED FLAG.
I’m not pleased that the govt is stealing from people. I’m pleased that people are taking their money OUT of the bank.
If you leave your money in a bank that will work with the government and turn on you then THAT my friend is on you. Communists care not an iota that you never broke the law, they do care that they CAN squeeze every penny out of you and you give it to them willingly. Get your money out of the system…
Excellent.
“Banks are moving to freeze accounts…financial institutions can’t handle cash, issue a loan, extend a mortgage or facilitate any transaction of a “designated person” …banks will be working with law enforcement to decide who should be designated https://www.cbc.ca/news/politics/emergencies-act-banks-ottawa-protests-1.6353968
no legal recourse if you’re put on the list
transcript of order https://www.gazette.gc.ca/rp-pr/p2/2022/2022-02-15-x1/html/sor-dors22-eng.html
they’re using the hacked list of donors to the truckers to start the “designated person” list – although unpopular political views can also get you on the list
updates here https://www.smalldeadanimals.com/
This is a great canadian blog, thanks for link.
Do these “Outages” mean they have run out of cash?
I once bought a used rig from an old guy who said I’d only get the title if I paid cash. “Certified check, OK?”, I asked. He replied:”Nope, cash money. I’ll count out the bills right here.”
So I needed more than $15,000 but my bank branch only had $8,000 cash on the premises. They made some calls and said I could get the rest but I had to go to two other locations in a different town.
✡🕎
And it was used to purchase the means of production, farm land, giant homes, and governments.
And I sold a pair of kids’ ski boots last weekend for $40 and the woman in her 30s asked if I accept Venmo. Nope, no I don’t. I don’t even care to know what that is or how it works. The nerve of these young people…
We shouldn’t be surprised by the Canadian government freezing of assets belonging to a terrorist or that we are the terrorists now.
In the eyes of the Canadian government, all citizens are terrorists now.
Oh don’t be silly. There are plenty of model citizens who do and think precisely as mommy and daddy government tell them to.
Yea.. they hate them too.
Seizing bank and credit accounts.
Spying on and blocking internet usage and electronic communications.
Canceling drivers license and insurance.
Impounding private property
Outlawing free speech and peaceful Assembly.
What’s next?
Social justice scores?
Vehicle kill switches?
Shutting off utilities?
Blocking medical service?
Reeducation camps?
Work camps?
Execution facilities?
Welcome the beast.
Anyone doubt that Canada has now officially turned into a dictatorship?
Absolutely and it has been this way in Canada for nearly two years. I refuse to show my papers, so I can no longer:
– Eat in a restaurant
– Go to the library
– Use any of the town’s facilities including community centres, parks, gyms, swimming pools or skating rinks
– Attend a public gathering, concert or sporting event
– Enter a federal or provincial park
– Watch any school event
– Fly on an airplane or travel by train
– Leave the country
There are many, many good people in this country and every single law, institution and check and balance has failed to protect us from lawless edicts from government officials.
The silence from the so-called civilized world about what’s going on in Canada is deafening. When the globalists come for your country, know that no one will stand up for you or intervene to help.
The Truckers are the last stand to save Canada.
I bet you are also standing with people who wave swastikas. (I am kidding, just in case you did not notice).
Always has been, just can’t tell when you are taking the blue pill…
Crypto
You might want to rethink that…
https://www.washingtonexaminer.com/news/canada-freezes-at-least-34-crypto-wallets-funding-freedom-convoy
Yea, that will work great when the establishment shuts down the internet…
This is starting to get to the really good bit where Trudeau steps in shit and finds out, it is himself he stepped on and squashed.
He has an approval rating lower than a rattlesnake in a muddy field wheel rut.
Even his own party thinks him a Dweeb with short pants and no brains
And there it is again.
You’re under the impression that Trudeau isn’t a puppet and now that the masses are angry he’s going to be in trouble now. Things will soon return to sanity for sure now, right?
Think again.
He does not work for the people.
I sold my airplane, I took the check to the bank and wanted cash. Banker told me no.
I asked ummmmmm…. Why?
Banker said they don’t have that much cash on hand. I asked when would they? Banker said maybe three days. I said I would return in four days.
Banker said fill out this paperwork and they would deposit the money in my account. I said, maybe you didn’t understand me, I want the cash.
Banker said no, I could not. I told the banker he was starting to grate on my nerves and my blood pressure was starting to rise.
Why can’t I have MY money, it’s mine not yours.
Banker said it would take lots of paperwork, IRS, etc etc. Told banker this system is insane and I walked out.
Walked into the credit union where we do construction work, took two days but I got my cash, might buy some land or PM’s.
Get it while you can.
You JUST pointed out the difference between a BANK… and a Credit Union. Get your money OUT of a bank… If you need a ‘bank’ go credit union, you get all the benefits of a bank and you make money… they pay dividends and they deal locally.
“Canadian state media CTV and CBC have been using the hacked data (provided by Cottle) to dox the donors of the funding effort in order to assist the Canadian government with seizure of their bank accounts, loans, mortgage accounts, retirement accounts, 401k financial accounts and insurance accounts.”
Trudeau’s Justice Minister on convoy supporters: “If you are a member of a pro-Trump movement who’s donating… you ought to be worried” about your bank account being frozen.
MORE: https://t.co/DEN7zzSz9G pic.twitter.com/Od2CrorjnO
— Rebel News (@RebelNewsOnline) February 17, 2022
When I read this this morning all I could think was, regardless of your political position, if you keep your money in these banks you’re insane. It’s clearly not your money. They are simply letting you use it if you’re a good little boy or girl.
Just think about the poor fools who think “I did not support the truckers and I voted for Trudeau” will be the last to be fleeced. No sympathy for them now or later.
It is time, if you won stock in Canadian banks, to dump it.
They just might be ready to play their hand and upset the game board so they can keep their great reset operation going. Get to 0 income before that choice is made for you.