It's the mattress or a credit union guys

It's the mattress or a credit union guys

PostBy: coalnewbie On: Mon Jul 23, 2012 2:11 am


http://blog.alexanderhiggins.com/2012/07/20/big-fail-fed-proposal-banks-seize-money-149701/
This link is broken, either the page no longer exists or there is some other issue like a typo.


This is scary.

http://www.bing.com/search?q=What%20is% ... orm=MSMONY
coalnewbie
 
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Re: It's the mattress or a credit union guys

PostBy: samhill On: Mon Jul 23, 2012 7:47 am

CNB, what's so scary, the American's on that board are all included in the ones that the con's are trying so hard to protect. After all it's for your own good, they are the job creators & they look out for us all & everything they do is for the countries sake. Keep repeating that & maybe you'll feel better. In the great depression their numbers & fortunes dwindled while the survivors gained even more. They no longer want to take the chance of losing anything & there are trillions in combined peons money sitting there as a cushion, no bread let them eat cake.
Reading that I had a picture in my mind of being denied a withdraw in order to prevent a run & protect the integrity of the banking system, & all the while the CEOs are stuffing the money into bags to be transported (someplace safe) in armored vehicles.
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Re: It's the mattress or a credit union guys

PostBy: lsayre On: Mon Jul 23, 2012 7:55 am

Nothing new here. The Democrats did this in 1933 or 1934. Rosevelt called it a "Bank Holiday" (a happy day, one would think) in order to rub it in deeper. He confiscated all of the peoples gold at right about the same time, then he had Fort Knox built in order to have a place to put it. Then immediately after he had all of the nations gold (for which he had just given everyone $20 in paper dollars per ounce in return), he (by Executive Order no less) declared his (err, the peoples?) gold in Fort Knox to miraculously be worth $35 per ounce.
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Re: It's ut 40 years ago.the mattress or a credit union guys

PostBy: coalnewbie On: Mon Jul 23, 2012 9:06 am

Credit where credit is due, that Fort Knox building will make a great racquetball court what a great investment, think of the replacement costs. Oh, the gold? That was spent 30 years ago to pay for lots of stupid wars.
coalnewbie
 
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Re: It's the mattress or a credit union guys

PostBy: SMITTY On: Mon Jul 23, 2012 12:15 pm

I've banked at credit unions my whole life. My first foray into a real bank was in Phoenix. After the looks I got depositing my meager savings, and the looks I got having to go there daily to withdraw said savings, I figured out how to get into a credit union and never looked back. Seems that place expected suitcases full of cash to be left there for years and years, judging by the marble floors and 16' wide hickory desks.

Rules are different out there for credit unions - only reason I got in was because I was a student. In MA, the requirement is that your breathing. :lol:

In light of the current political climate I keep as little money in a bank as possible, just to pay the bills. Cashed out my 401k as well. I don't trust any of them.
SMITTY
 
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