This is interesting. I report, you decide.
Like this article? Get DP delivered to your inbox daily. Subscribe here:
They can just hand out drafts and checks.
We're just hours away from the Friday April 8th deadline Soros has been telling us about! Hang on!
Do the People have the responsibility to "DEMAND there GOLD"
The banks have very little cash. There is less than one trillion dollars worth of Federal Reserve Notes in existence. Two thirds are outside of the USA. This makes a bank panic a very real possibility if people lose confidence in the system. Even if the Fed empties its warehouse and sends all its physical cash to the banks, it still wouldn't be enough to satisfy people's demand for money. FDIC insurance of bank deposits will mean nothing to people if they can't even get their hands on a single twenty dollar bill. ATMs could be emptied and debit cards may not even work. Gold and silver coins may be useful for barter, but you won't be able to purchase anything at WalMart with them.
I just spend it. It's not worth anything until you spend it.
Drain the swamp!
The fed notes are not worth anything at all. In fact they are warrants to seize something issued by the big gangster known as Government. However you can only seize something from a legal entity within The United States. The good news is they cannot seize any private property "without" The United States.
I think ebob has no illusion about what a fed note is. The fed note is a claim that must be enforced, it has no value in itself. The crazy thing is people have been giving up their life's labor with glee and receiving in return nothing more than "orders" to do so by the government! Talk about a command and control economy. The Soviets threw in the towel because The United States won the competition for best job done in tricking the slaves into thinking they were free and getting them to work practically for free. The U.S. Leadership have been more successful at implementing communism than any other State in history.
It's the attack of the ATM machines. They ate all the dollars and now there's nothing left for the banks.
Buy and Sell Homes For Bitcoins! (Domain For Sale)
lol fats...I seriously think there are enough people who see the stuff coming and are preparing.. but they only know cash and don't know silver, gold, ammo, food and water yet.. oh and NON HYBRID SEEDS.
Oh how I wonder, oh how I worry
And I would dearly like to know
How all this squander of earthly plunder
will leave us anything to show
You are kidding?
Don't you remember the stagecoach bandits?
Last stage left Dodge carrying silver coin in 1965. Even then, cash was just front-Money. See: "Butch Cassidy & the Sundance Kid"
Most all "Legal Tender" is created immaculately, circulates around bank to bank as notes till it disappears.
Over the centuries, after each war it is, "Gone with the wind."
Click on my signature line for these recent links & more. I try hard to come up with entertaining stuff, but you folk seem to beat me to the punch!
Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul ☑
Are you guys expecting a big need for baby tissues after the economy collapses? The Fed must love you. All that cash you take out of circulation is money you lost. It is not money, it is a permission slip to go get some real money. If you hold it while they pass out 100 trillion more permission slips to their friends then you will lose the entire value of your labor you exchanged for the worth less every day cash. You are helping the banksters by trying to store value in something that costs nothing to make and which is not rare. As they make additional copies of the "limited" edition portraits you are saving they are stealing value from the ones you bought when they were more scarce. You have got to be stupid or something to try to save someone elses rapidly expanding debt. Stop holding The United States's debt and give it back to them immediately! Get rid of it all! Good riddance! Why do the United States any more favors?
I have no Federal Reserve notes or funds, except one I have kept for the family museum.
This has not caused me any problems that I can see. I am debt free!
There are many ways to invest cash where we can expect a reasonable return, i.e. tangibles
And, cash is a great way to "spread wealth" around.
"Nothing is as it appears; everything is smoke and mirrors"
What are you fightin' for?
Caught in the middle?
Freedom is only for those with the guts to defend it!
The teller said she only had two hundred dollar bills left (!). I said, OK, I'll take those, and the rest in 50s. Then somehow, she "found" 3 more 100s, so I got 5. It really makes me wonder what the heck is going on. They are reluctant to give out large bills, but they don't want you to catch on and think there is a problem.
Ann in Florida
In 2009, we decided to take our money out of our savings account. It took us 3 weeks to get our cash.
We also had 3 phone calls from the bank questioning our reasoning for converting it to cash. One person even asked if we "were going to hide it under our mattress". I have since encountered this same problem on a regular basis when asking for cash for my checks. I thought that was what was meant by "cashing" a check. . . :-)
Their explanation to me is they are only allocated a certain amount of cash per week from the Federal Reserve, and when the amount fluctuates, they need to request it more in advance.
every week...I stopped posting it...
From what you say. They will spring the news on us, when its too late for us to get out.
Please Donate Today!
Want DP delivered to your inbox daily? Subscribe here: