You will pay for the next bank bailout, your personal account funds!

[jrhtx]

A little known, at least to me, part of Dodd Frank, is that in the future, your personal funds in the bank will be used for the bailout, NOT THE FEDERAL GOVERNMENT. You will get an IUO from the bank. That will work out well to buy groceries, pay your mortgage, buy beer and bullets. You have money in Chase, JP Morgan, CTI, Wells Fargo, or BOA?

"Thanks to Dodd-Frank, if you happen to hold your money in a savings or checking account at a bank, and if that bank collapses, it can legally freeze and confiscate your funds for purposes of maintaining its solvency.

So instead of relying on government funds (taxpayer money) to save itself from going bankrupt, a bank can simply dip into your deposit accounts to stabilize itself.

To compensate you, the bank will exchange your money for its equivalent value in company shares.

In other words, if a bank fails, it takes your money and hands you an equivalent amount of shares in its failing operation. Ethical? No. Legal? Yes."

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[Gunfighter14e2]

Many have known this for awhile an most are saying the same thing, you steal from me under the color of law, I'll take from the law makers, an that they control, one way or the other. There are many ways for CW II, to start. It started over taxes/money(not slaves as most have been brainwashed to think) the first time, could repeat again.

 

[W54/XM-388]

Also if you think big piles of Cash will save you, be prepared for them to "demonetize" your favorite banknotes, of course you can exchange them for the new ones at no charge at your local bank within a short window... who will then send a letter to the tax man about who exchanged what so they can try to tax you on what they already taxed you on the first time.

It happens regularly all around the world. Most recently in India.

 

[Mwalex]

If you think who this would effect the most it will not be your typical Demokrat voter. Just another straw for that camels back.

 

[308pirate]

Do you want to start a boogaloo?

Because that's how you start a boogaloo.....

If I have to pay for a bank bailout with my personal funds, someone else is going to be made to pay far more dearly.

 

[chevy_man]

And that's why I use a local credit union. I know the president personally, and the rest of the board members in passing.

They don't have good rates on loans, because they only make loans to make money. They don't give out a shit ton of bad loans to people with shit credit (I think you need a 650 to get a huge interest rate, 750+ gets you into the decent rate range). The loans I've seen people pull at banks with a 500 credit score are crazy. How they even get a loan is just mind boggling to me.



We already get taxed on our income, then on our spending (well, I happen to still live in a sales tax free state but that's mind blowing to most).
Then the government rent check goes out. If you think you own property just quit giving the government their rent and see how long you remain on the deed.

I wouldn't mind one or the other, but to get us coming, staying, and going is just out of fucking hand.

 

[sharac]

I think good currency is .22lr and even better insurance policy is a possibility of ~1050fps delivered .22lr with proper placement. It even works better when employed en masse...

 

[acudaowner]

well that's the dimacratic plan your money there pockets . starting to think maybe the dust bowl survivors not trusting banks was not such a bad idea if the dims win in 2020 or election after that . you know there is going to be a run on the banks if trump looses . if It soes not happen you can always open another account and put it back . If it does happen you probably will only be able to pull out so much before they put a stop to it and close the bank .

 

[QuickNDirty]

well that's the dimacratic plan your money there pockets . starting to think maybe the dust bowl survivors not trusting banks was not such a bad idea if the dims win in 2020 or election after that . you know there is going to be a run on the banks if trump looses . if It soes not happen you can always open another account and put it back . If it does happen you probably will only be able to pull out so much before they put a stop to it and close the bank .

Depending on how much you've got and your history with the values you're talking about, it may be an issue getting out over the next year or two.

Someone saving up for 50 years now wants to withdraw 25k for the third consecutive month with no major deposits in the last 6 months? That's odd......

 

[308pirate]

Someone saving up for 50 years now wants to withdraw 25k for the third consecutive month with no major deposits in the last 6 months? That's odd......

It's odd to those who want to control the population through a cashless, 100% monitored economy. They can go fuck themselves.

 

[TACC]

Interesting info never knew this

 

[jrhtx]

That is why I posted this. My financial guy discussed this with me at our last meeting. I was like WHAT? I know people are moving money to credit unions and brokerage accounts that aren't banks. Keep just enough in a "bank" to cover monthly expenses.

What I haven't gotten a clear answer to is whether a Fidelity is considered a bank or brokerage firm? They do do banking now. Same with the other big firms like Morgan Stanley, etc.

Interesting info never knew this

 

[10000yards]

Thank God for Bitcoins

 

[cattleman99]

Jokes on them

 

[10000yards]

Jokes on them

I am personally not paying for some BS that's not my fault. And there are certain people who want more migrants here, and they swear they will take care of them all, LOL

 

[Mister Ridge]

That is why I posted this. My financial guy discussed this with me at our last meeting. I was like WHAT? I know people are moving money to credit unions and brokerage accounts that aren't banks. Keep just enough in a "bank" to cover monthly expenses.

What I haven't gotten a clear answer to is whether a Fidelity is considered a bank or brokerage firm? They do do banking now. Same with the other big firms like Morgan Stanley, etc.

Is there some legal differnence between a bank and a credit union in this instance?

 

[Seed tick]

You need a new financial guy.

 

[W54/XM-388]

That is why I posted this. My financial guy discussed this with me at our last meeting. I was like WHAT? I know people are moving money to credit unions and brokerage accounts that aren't banks. Keep just enough in a "bank" to cover monthly expenses.

What I haven't gotten a clear answer to is whether a Fidelity is considered a bank or brokerage firm? They do do banking now. Same with the other big firms like Morgan Stanley, etc.

More than just the banks can raid your money to "stabilize" themselves.

Check into what the different stock funds and various other investment funds can do to your stuff if they start going down.
Fidelity is going to have your money in a "fund" either owned by them or by someone else.

 

[Strykervet]

It's okay. I know where all the rich neighborhoods are when the going gets rough.

 

[Gunfighter14e2]

I have a good map that shows all gas stations, Lowes, Home depots, Ace Hardware, Walgreens, CVS an so on. So until they do away with all those they are still not safe from retaliation. My guess is many places will become object points of what throw-ways are capable of once pissed off enough.

 

[Gunfighter14e2]

Don't bet on that

short term maybe, long term, things will come home to roost.

 

[MTRecon]

IMHO...By keeping interest rates very low on savings and CDs we the depositors recapitalized banks after the collapse in 2008-2009...since then we've been subsidizing their reserves...

 

[Vodoun daVinci]

You need a new financial guy.

Why's that?

VooDoo

 

[Crang]

You can use your bank account to wire Apmex., Gainsville coins, etc for American Gold Eagles or the equivalent. Redeemable anywhere on the planet for the local currency. Still works when the power is out unlike Bitcoin. Wont make you rich but at least keeps up with inflation better than a savings account.

 

[jinxx4ever]

great to see folks waking up to this. If you've been saving at a bank for quite some time, u probably have a pretty good relationship already with ur bank, instead of trying to withdraw large sums, withdraw 3-5 thousand at a time. You could do several of them a month and they won't bat an eye. Anything over $10,000 raises red flags. If u have a business that deals with cash, keep it out of ur deposit and transfer over from another account to the account ur shorting. Goes un noticed. Banks ain't paying shit for interest, not like ur losing much having it where u can get ahold of it

 

[TheGerman]

The good news is, they won't just fail overnight, in that on Monday your money is fine and then its all confiscated on Tuesday. We've seen what it looks like as recently as the mid/late 2000's and you would be retarded not to catch on for the 2nd time around.

My intentions would be simple; cash out everything over time and let them fail or do whatever, just not with my money. The bigger problem I see is with 401k balances. While the benefit to the thieves is that people can't just walk in and say, I'd like my 401k balance cashed out right now, I'd also suspect confiscation of peoples' 401k would lead to many, many dead bankers/fund managers and politicians. At that point you're basically taking away everything from people who are retired, retiring soon or have simply put into their 401k for a long time; I don't see people just bitching about that on the internet.

Oh and, they'll 'sell' this all by how patriotic it will be to do.

 

[Gunfighter14e2]

Roosting wont matter this time.

Not enough of us older ones, GenZ et all is functionally worthless and mostly part of the problem and the set up will be a nameless faceless "process" so any attack will be like trying to shoot down a cloud.

Good words and they definitely sound great but only until one takes a realistic assessment of the way things are forming

You keep believing that.

 

[Vodoun daVinci]

I have managed to transfer $60K - $100K at a time from my Bank to Vanguard as we have been actively getting as much money as we can out of Banks and into investments for a while now. We only keep what we need for bills and a small reserve in our checking and savings.

I'm just worried that the money I have at Vanguard and Fidelity can be filched/stolen the same way that my savings can be snatched at the banks. Even if that's true I have to stay invested.....and pray we don't get fleeced. Never saw this coming. When I started working it was assumed that if a man worked hard and saved his money it'd be safe in the bank for when he needed it when too old to work.

Now we are all just marks it seems.

VooDoo

 

[Seed tick]

Financial planners get paid in commissions. Some sales/funds pay a higher commission than others. Guess which one your encouraged to get into? As far as credit unions go they can charge lower rates because they do not pay taxes. Usually because of this they can offer better interest rates. The market is volatile as hell so when your financial guys say don’t put your money in the bank/credit union where it’s insured, put it with me. You better watch your ass!!!! Bank cd as well as credit union deposit rates have sucked but when the market corrects which it will your money doesn’t disappear. If your worried about banks put you money in real estate, they are not making any more of it.

 

[10000yards]

@Vodoun daVinci its a great idea to buy properties and keep you money in assets but money in the bank is something you have to handle. its open for taking...i am surprise guys here are not ope to cryptocurrencies.

 

[Vodoun daVinci]

Mine's all in Vanguard. I'm not smart enough to "play" with money and buy and sell properties or even "play" the stock market. Been getting a solid 9% return by buying mutual funds that pay dividends and reinvesting gains and dividends. I'm doing fine....

Hopefully Dodd-Frank can't snatch my Vanguard investments and if they do it won't matter. Just bugs me to have been working my whole Life/46 years and watch some jackass steal my Life savings. Gotta say I did not see this century coming where a man can work his whole Life and save and scrimp and discipline his spending and then some Billionaires can come along and just...take it.

Never thought we'd sink this low.

VooDoo

 

[Seed tick]

Your doing a hell of a lot better than fine!! 9% is a killer return!?

 

[padom]

Exactly, invest in real estate. My real estate investments have been showing returns between 15%-19%. Best place to invest your money right now.

 

[Vodoun daVinci]

Yeah, but with real estate isn't there a shit load of work to be done? My uncle was a Fireman and spent is time off buying houses, fixing them up, and then selling or renting. He was forever dealing with lawyers and ordinances and renters and insurance and the study and back work was stunning. Not at all for a novice or casual investor.

I just wanna store my legitimate savings in a place where I am paid fairly by the folks who are using my money. Banks are a joke...even CD's pay jack shit. I get like 400 emails a week as an electronics field technician. I study and work hard to stay on top of my Day Job.

I don't need another eccentric and needy hobby like playing with real estate or playing the stock market. Not smart enough for that.

VooDoo

 

[Rthur]

Something an old timer told me, he was better than good with money/investments.
If you have a gun you can rob a bank.
If you have a bank you can rob everyone.

R

 

[softcock]

A little known, at least to me, part of Dodd Frank, is that in the future, your personal funds in the bank will be used for the bailout, NOT THE FEDERAL GOVERNMENT. You will get an IUO from the bank. That will work out well to buy groceries, pay your mortgage, buy beer and bullets. You have money in Chase, JP Morgan, CTI, Wells Fargo, or BOA?

"Thanks to Dodd-Frank, if you happen to hold your money in a savings or checking account at a bank, and if that bank collapses, it can legally freeze and confiscate your funds for purposes of maintaining its solvency.

So instead of relying on government funds (taxpayer money) to save itself from going bankrupt, a bank can simply dip into your deposit accounts to stabilize itself.

To compensate you, the bank will exchange your money for its equivalent value in company shares.

In other words, if a bank fails, it takes your money and hands you an equivalent amount of shares in its failing operation. Ethical? No. Legal? Yes."

Log In ‹ GSI Exchange — WordPress

-
It ALL would have to go-down under the umbrella of our National Security for bankruptcy of currency . I don't think you will see any federal banking appropriation of private citizens money savings/checkings/IRA ..etc . until there has been a solid major foundation laid with disarmament regulation to be passed and enforced .
You can plainly see the urgency and political push rising for Fed. control of full national disarmament . but Who the fuck knows ?, It all up in the air right now and propaganda scare tactics go both ways ( take your guns) Vs ( the Debt due/fed. banking collapse ) . There scared to get caught with there pants down on the Bill Due, after the total rape of the Treasury . We are scared we won't have the Arms and Ammo to settle up our bill when your backs against the wall with the boot on your neck .
.
.

 

[jinxx4ever]

The good news is, they won't just fail overnight, in that on Monday your money is fine and then its all confiscated on Tuesday. We've seen what it looks like as recently as the mid/late 2000's and you would be retarded not to catch on for the 2nd time around.

My intentions would be simple; cash out everything over time and let them fail or do whatever, just not with my money. The bigger problem I see is with 401k balances. While the benefit to the thieves is that people can't just walk in and say, I'd like my 401k balance cashed out right now, I'd also suspect confiscation of peoples' 401k would lead to many, many dead bankers/fund managers and politicians. At that point you're basically taking away everything from people who are retired, retiring soon or have simply put into their 401k for a long time; I don't see people just bitching about that on the internet.

Oh and, they'll 'sell' this all by how patriotic it will be to do.

there's over 20 trillion in 401's right now. Don't kid yourself, the government will take it if at all possible and they plan on making it possible. As stated, u will get an IOU and have it dribbled back to you. Just like Social Security, they think it's their money and u should b grateful they allow u to have some of it back

 

[jinxx4ever]

I don't know if it's possible in all areas, but one of the best investments that folks know little about, is the paying of deliquent property taxes. In my town, it pays 14% back on ur investment. In case u don't know what this is, after personal property taxes are due which here is twice a year, the one's not paid are sold at the courthouse. There's a date and u attend, u don't bid on them, if there's 7 people there , u get the chance at every 7th property. If u pass, the next guy can purchase it. Anyone's allowed. You get back 14% on ur money when the owners come settle up. Of course, u have to purchase them again in the fall when they come up again if u want to retain them. Otherwise another company can purchase them and pay off you. The thing is, if u pay these same ones for 7 years, u own the property. I know of a lady that used to do this with motels. She made a very nice living doing it . I fixed up several for her (i owned a construction company) thru the years she gained ownership off paying the taxes for 7 years, along with several residential properties she gained possession of also. Best return on ur money out there and no risk

 

[Vodoun daVinci]

All of this is why they want US disarmed and our teeth pulled - so they can literally nationalize/steal trillions in personal savings, 401K's, IRA's and retirement accounts of all types.

VooDoo

 

[jrhtx]

Lehman Bro and Washington Mutual were individual banks that went bankrupt in 2008.

September 21, 2008: Goldman Sachs and Morgan Stanley converted themselves from investment banks to bank holding companies to increase their protection by the Federal Reserve. Want to guess if they can take your money if they go bankrupt?

Individual banks do go bankrupt and the world continues. The question is what happens to your money, now?

Summary by Year
(Approximate asset dollar volume based on figures from the press releases)

Year​	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019
Bank Failures	4	11	3	4	0	0	3	25	140	157	92	51	24	18	8	5	8	0	1
Total Assets (Millions)	2,358.6	2,705.4	1045.2	163.1	0	0	2,602.5	373,588.78	170,867.0	96,514.0	36,012.2	12,055.8	6,101.7	3,088.4	6,727.5	278.8	6,530.7	0	36.7

Failed Bank Summary | FDIC.gov

www.fdic.gov

-
It ALL would have to go-down under the umbrella of our National Security for bankruptcy of currency . I don't think you will see any federal banking appropriation of private citizens money savings/checkings/IRA ..etc . until there has been a solid major foundation laid with disarmament regulation to be passed and enforced .
You can plainly see the urgency and political push rising for Fed. control of full national disarmament . but Who the fuck knows ?, It all up in the air right now and propaganda scare tactics go both ways ( take your guns) Vs ( the Debt due/fed. banking collapse ) . There scared to get caught with there pants down on the Bill Due, after the total rape of the Treasury . We are scared we won't have the Arms and Ammo to settle up our bill when your backs against the wall with the boot on your neck .
.
.