Could you be FORCED to leave your money in a bank?

[Zincwarrior]

One prominent investor says he foresees this regulation on the horizon...

Hendry said that he could imagine the instatement of a new regulation that might prevent people from withdrawing their money.

“My fear -- and I do not say this lightly -- given the present peril with regard to the magnitude of losses on security portfolios held within predominantly the regional banks, you have to cast your mind back to 1934 and the Gold Reserve Act,” Hendry said. “I can actually conceive of a federal or treasury rule coming in and saying ‘for the next 180 days, you can’t pull your money out of the banking sector.’”

https://www.thestreet.com/money/notorious-investor-has-dire-prediction-for-people-with-money-in-banks

From a certain perspective I can see the utility of this kind of regulation. People are panicky...and just rumors of a collapse can become self fulfilling prophecy...

On the other hand...seems awfully authoritarian...

What are your thoughts?

Put it in Trump Bucks!

 

[Orangecat]

What are your thoughts?

It’s my money. I should be able to withdraw it at any time, for any reason. Smart people keep a stash of cash on hand as a hedge against tyrannical government.

 

[John Edgar Slow Horses]

Terms of policy and operations that you agree to.

 

[The Duke]

.

Slowly taking everything out of savings so as not to set off any alarms, I pay cash for a lot of stuff if I know that the person appreciates it. My doctor says "Cash is King" and thanks me every time.

.

I'm pretty sure $7k is a "safe" amount.

I think it's really a thousand or so higher, but it's best to err on the side of safety.

 

[The Duke]

Medicaid? I only pay with cash for guns.

You don't own any guns, leftist shill dorkwad.

Okay, name 2 guns that you own. I'll go 1st:

Lee Enfield #1 Mark III and a Remington 20-gauge breakbarrel shotgun.

 

[iku]

You don't own any guns, leftist shill dorkwad.

I do. I own 12 handguns.

 

[The Duke]

I do. I own 12 handguns.

Name 2.

 

[The Duke]

As teh Googling commences..

I might can find out if you're lying or not.

 

[fncceo]

.

That's why the dollars have been slowly marching their way out of my bank account and into real tangible wealth.

.

The only real "tangible" wealth is canned food, toilet paper, and ammo

Silver, gold, or platinum have no intrinsic value unless someone else believes they do.

 

[iku]

Name 2.

my mistake, 10

4 1911's
2 G19's
3 MP's
1 other

 

[The Duke]

And if this guy actually owned anything he could have responded back by now.

my mistake, 10

4 1911's
2 G19's
3 MP's
1 other

Okay, so how many grains are the bullets those 1911s shoot?

 

[fncceo]

Name 2.

The Nerf Dominator and the Nerf Defender.

And a really big Super Soaker.

 

[iku]

And if this guy actually owned anything he could have responded back by now.

Okay, so how many grains are the bullets those 1911s shoot?

3 shoot .45 ACP
1 shoots 9mm

.45 I use 230 Grain PMC for the range
9mm I use whatever I have, but usually 124 grain

shall I show you a box of my ammo?

 

[The Duke]

3 shoot .45 ACP
1 shoots 9mm

.45 I use 230 Grain PMC for the range
9mm I use whatever I have, but usually 124 grain

shall I show you a box of my ammo?

Actually I'm satisfied. Thank you.

That was the right answer, some people lie, and you're new.

I'm not much on pistols myself..it's just how it is.

 

[BackAgain]

That's what a centralized digital currency is all bout.....And the pure despotism of that only begins there.

I think that only covers a part of what the government seeks the power to accomplish via a centralized digital currency. And it is a good reason to deny them such power.

 

[The Duke]

I think that only covers a part of what the government seeks the power to accomplish via a centralized digital currency. And it is a good reason to deny them such power.

That's pretty much the same thing Oddball said and I agree with both of you guys.

 

[iku]

Actually I'm satisfied. Thank you.

That was the right answer, some people lie, and you're new.

I'm not much on pistols myself..it's just how it is.

no problem. That "other" shoots 7.62x39 I forgive you
but to be honest I was mad at you and signed a box just for you. Sorry.

 

[The Duke]

no problem. That "other" shoots 7.62x39 I forgive you
but to be honest I was mad at you and signed a box just for you. Sorry.

Be aight.

Ugh! Lemme guess, that 7.62 X 39 has steel cases.

 

[iku]

Be aight.

take a look. I just posted it

Can't figure out why everyone thinks I hate guns and don't own guns

 

[The Duke]

take a look. I just posted it

Can't figure out why everyone thinks I hate guns and don't own guns

Because most leftist shills are are anti anything Constitution.