Bank Holiday - Bank Runs - Open Discussion - Rate, comment, Subscribe

fiskpinne666 Says:

Aug 26, 2009 - FDIC Quarterly Banking Profile August 27, 2009 10:00 AM

preppie916 Says:

Aug 26, 2009 - If the FDIC runs out of money, they'll just tap into their line of credit with the treasury. This really shouldn't cause a huge panic...all it will do is make the problems worst in the long run with inflation, since that line of credit is just more borrowed money. So depositors money will be safe and sound (in nominal terms) either way.

addbball Says:

Aug 26, 2009 - Bank of America is hurting for money. They have given debt collection agencies the green light to settle in full on accounts for as low as 8%.

jailarson Says:

Aug 27, 2009 - Please explain the source of your info. I would like to investigate further. If BoA is in that much trouble, could be a tipping point.

rg2027x Says:

Aug 27, 2009 - "swindle flu"= massive DIVERSION to keep the dumbed-down American People from understanding what is facing them: a second major collapse of the toxic derivative market, collapsing US banks a second time operationally send the United States into massive chaos. LAB CREATED H1N1 'Pandemic' Accordingly, the crime syndicate ruling elite is looking forward to (ab)using their 'created' H1N1 flu to declare "Martial Law" and a state of emergency given the imminent collapse of the Federal Reserve...

tesskansas Says:

Aug 27, 2009 - I think you may be right on. If there is any bank closures, it will be part of an overall general order for all business within a specific local as the result of a temporary and sudden emergency like response.

addbball Says:

Aug 27, 2009 - jailarson, I work for a business in California that does debt collection. Last Friday, one of our clients gave us the opportunity to settle in full on their Bank of America accounts for as low as 15%. However, it was only if it was done on that day. I also heard directly from management where I work that at least one other agency was allowed to make settlement offers for as low as 8% for BoA. Please understand it is necessary for me to be somewhat ambiguous due to the nature of this business.

jailarson Says:

Aug 27, 2009 - Thank you for replying and I understand your reluctance to provide all details. I understand that the nature of business is to make a profit and to mitigate any and all losses as much as possible. BoA's decision to take a one-day cut on collections indicates either desperation or the need to balance some ledger somewhere that no one will ever see. However. The fact remains that taking 8 or 15% on a debt at any time is a bad sign.

surferaw949 Says:

Aug 28, 2009 - Emergency Banking Act in March 1933: To authorize the Secretary of the Treasury to order any individual or organization in the United States to deliver any gold that they possess or have custody of to the Treasury in return for "any other form of coin or currency coined or issued under the laws of the United States. (This set the stage for Executive Order 6102 next post)...

surferaw949 Says:

Aug 28, 2009 - Executive Order 6102 required U.S. citizens to deliver on or before May 1, 1933 all but a small amount gold coin, gold bullion, and gold certificates owned by them to the Federal Reserve, in exchange for $20.67 per troy ounce.

surferaw949 Says:

Aug 28, 2009 - ... Which set the stage for the Gold Reserve Act The Gold Reserve Act. This outlawed most private possession of gold, forcing individuals to sell it to the Treasury, after which it was stored in Fort Knox and other locations. The Act also changed the nominal price of gold from $20.67 per troy ounce to $35 per ounce.

surferaw949 Says:

Aug 28, 2009 - ...presto. The government just seized an amount of wealth equal to all the ounces of gold confiscated, multiplied by $14.33. I have not researched the exact amount this equates to, but I'm sure it was significant. Essentially, this wealth was stolen from the people, and put into various work projects that did little, if anything, to better the economy, and only dragged out the Great Depression even longer...

johnu78 Says:

Aug 28, 2009 - I talk about all this stuff in my videos, please watch them.

mikeice4 Says:

Aug 29, 2009 - There will not be any bank runs relax

ChristianIce Says:

Aug 30, 2009 - One passage of this video explains everything perfectly. Everything will possibly happen will sound like "We are going to help you", not "we are doing this for screw you". Internet is going to be a place where you can hardly talk seriously about serious stuff without somebody arrives with aliens mind control end of time reptiles satan bullshits. 90% disinformation, while the elite obv exists, and it's about money. OT you look like Anthony Jr from sopranos :)

FATGIRLSRHOT Says:

Sep 1, 2009 - What was said was it will happen in Sept. Supposedly this police department had been trained by FEMA to prepare for civil unrest due to this proposed event. The dubbed phrase was called 'summer rage' and would be a form of Martial Law that would be imposed on the public. Along side of this operation, food and supply vouchers would be handed out by police departments under the supervision of FEMA. This introduced combination of designed swine flu 'epidemic' along with B.H. will create this.

jamesb1248 Says:

Sep 3, 2009 - Blah blah blah boring shit

tesskansas Says:

Sep 4, 2009 - Just spoke with my banker. He thought that my inquiries were warrented in regard to a Bank holiday..

Ghaztoir Says:

Sep 6, 2009 - EVERYBODY PANIC!!!

golfprobro4eagles Says:

Sep 8, 2009 - China is NOT going to honor derivative hedge contracts for silver. China is keeping there silver and giving it to there citizens for protection from the coming hyper inflation crises. China is going to break the silver market and the dollar. One Billion plus Chinese people dumping dollars and buying silver and gold all of Asia and the world following china . We are doomed God help us. search utube for who let the china silver bulls out

darkfox77 Says:

Oct 6, 2009 - holy crap, the bank will run out of electrons, and paper money,

carlfinkle Says:

Oct 8, 2009 - Another failed internet rumor What you are getting are mini bank holidays as they close down failing banks. Essentially they are having mini bank holidays over the weekends as they merge and reconstruct individual banks. The danger of a major bank is unlikely what is more likely is major hyperinflation as the dollar devalues. Now that the world is going off the US dollar for oil the fall of the dollar as Max Keiser says "is baked into the cake"

StigmataBOB1 Says:

Oct 9, 2009 - I have been wondering if you could help me. If there is A NWO (New World Order) what is the (Old World Order?) Is the Civil war (NWO) or OWO? Is the Holocaust NWO or OWO? Is School shootings NWO or OWO? Is The Banking theft NOW or OWO? Is corruption NWO or OLD WORLD ORDER? Is child abuse NWO or OWO. Can you explain this? Something strange going on?

JimboJammer1 Says:

Nov 4, 2009 - This Bank holiday could happen anytime.. November... December... anytime... no 3 day notice.. Buy at least 400 oz. of silver keep it at home well hidden not at the banks.. they will lock the doors.....

Numonic7 Says:

Nov 22, 2009 - I think we over rate debit card use. It's not as ubiquitous as some think it is. The govt. is printing massive amounts of Federal Reserve Notes because debit card use can not handle monetary use. FDIC funds depleting is proof we will see stricter withdrawal limits from banks and a banking holiday like the Argentina corralito. FDIC fund will go bankrupt by the end of Feb. 2010 we will have the bank holiday, higher prices a larger denominated currency issued($1,000 bill and higher).