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With a banking system in which your bank could be taken over by the government at any moment, who in the world would trust this system.
With a banking system in which your bank could be taken over by the government at any moment, who in the world would trust this system.
You dont understand much about what it means to be federally insured bank do you?
More Americans opting out of banking system - The Washington Post
Yep. I have my check direct deposited and the day it is I go and take all the cash out of the bank...I don't have a debit card or checks. If I ain't got cash that means I ain't got it.
With a banking system in which your bank could be taken over by the government at any moment, who in the world would trust this system.
With a banking system in which your bank could be taken over by the government at any moment, who in the world would trust this system.
You dont understand much about what it means to be federally insured bank do you?
I have my cash split between several banks so it is all insured.
You dont understand much about what it means to be federally insured bank do you?
I have my cash split between several banks so it is all insured.
Not if the U.S. defaults on its debt it isn't.
I have my cash split between several banks so it is all insured.
Not if the U.S. defaults on its debt it isn't.
If the US defaults then the cash will not be worth much. Then I fall back to my physical gold in a lockbox.
More Americans opting out of banking system - The Washington Post
Yep. I have my check direct deposited and the day it is I go and take all the cash out of the bank...I don't have a debit card or checks. If I ain't got cash that means I ain't got it.
Not if the U.S. defaults on its debt it isn't.
If the US defaults then the cash will not be worth much. Then I fall back to my physical gold in a lockbox.
You won't be able to get it when the bank closes its doors. Besides it won't be worth much anyway. It can't be eaten, made into clothes or a house, or used to kill a person or animals. No one is going to give you $1700 worth of groceries for one ounce of shiny metal when the shit hits the fan.
With a banking system in which your bank could be taken over by the government at any moment, who in the world would trust this system.
You dont understand much about what it means to be federally insured bank do you?
I have my cash split between several banks so it is all insured.
More Americans opting out of banking system - The Washington Post
Yep. I have my check direct deposited and the day it is I go and take all the cash out of the bank...I don't have a debit card or checks. If I ain't got cash that means I ain't got it.
In the aftermath of one of the worst recessions in history, more Americans have limited or no interaction with banks, instead relying on check cashers and payday lenders to manage their finances, according to a new federal report.
Not only are these Americans more vulnerable to high fees and interest rates, but they are also cut off from credit to buy a car or a home or pay for college, the report from the Federal Deposit Insurance Corp. said.
More Americans opting out of banking system - The Washington Post
Yep. I have my check direct deposited and the day it is I go and take all the cash out of the bank...I don't have a debit card or checks. If I ain't got cash that means I ain't got it.
If you are having money moved through a bank then you are using the banking system.
You should read the article sometime. The actual news is that people are too poor or have too bad credit to use traditional banking, so are using expensive check cashing, payday loan, pawnshop,etc services. It is part of the Obama Economy that people are pushed out of traditional banking.
If the US defaults then the cash will not be worth much. Then I fall back to my physical gold in a lockbox.
You won't be able to get it when the bank closes its doors. Besides it won't be worth much anyway. It can't be eaten, made into clothes or a house, or used to kill a person or animals. No one is going to give you $1700 worth of groceries for one ounce of shiny metal when the shit hits the fan.
Can you point to a time when gold lost all value?
He had the opportunity to do something about Fannie/Freddie as a senator and fumbled it.More Americans opting out of banking system - The Washington Post
Yep. I have my check direct deposited and the day it is I go and take all the cash out of the bank...I don't have a debit card or checks. If I ain't got cash that means I ain't got it.
If you are having money moved through a bank then you are using the banking system.
You should read the article sometime. The actual news is that people are too poor or have too bad credit to use traditional banking, so are using expensive check cashing, payday loan, pawnshop,etc services. It is part of the Obama Economy that people are pushed out of traditional banking.
If only President Obama had done something about the economy in 2006.
