The banks are vulnerable to government command. Already, they report certain transactions. AND if somebody has the right computer skills, they can be emptied out, either wholesale or retail.
Safes may have problems, but those aren’t among them.
People keep their money and valuables in places other than banks for just one idiot simple reason: It is no longer safe to keep ANYTHING valuable in an American bank.
End of lesson.
Ellen is right. “Banks are vulnerable to governemnt command.” When I decided I’d wire some money to convert some FRN’s to silver, I thought it would be a simple matter. But no, I had to fill out a document and then they asked, for what was I wiring the money? I asked why do ask? They said, the Patriot Act requires it. Well the Patriot Act ain’t–pariotic because it treats us all as terror suspects and violates the Bill of Rights.
After that, I found a local precious metal dealer and DIRECTLY exchanged some FRN’s for hard money. I would expect the government to work on finding a way to monitor that–because they want to protect us, ah huh.
May 4th, 2012 at 9:44 am
The banks are vulnerable to government command. Already, they report certain transactions. AND if somebody has the right computer skills, they can be emptied out, either wholesale or retail.
Safes may have problems, but those aren’t among them.
May 4th, 2012 at 10:50 am
When The Dead suddenly stand up, you don’t want to have to traverse a town full of them to get your tradin’ jewels, coins, and wampum.
May 4th, 2012 at 11:47 am
People have valuables? Who knew!
I keep sending my money to two colleges, so the colleges will continue keeping two kids there. Maybe I should ask Julia for a loan?
May 5th, 2012 at 2:20 am
People keep their money and valuables in places other than banks for just one idiot simple reason: It is no longer safe to keep ANYTHING valuable in an American bank.
End of lesson.
May 5th, 2012 at 7:26 pm
Ellen is right. “Banks are vulnerable to governemnt command.” When I decided I’d wire some money to convert some FRN’s to silver, I thought it would be a simple matter. But no, I had to fill out a document and then they asked, for what was I wiring the money? I asked why do ask? They said, the Patriot Act requires it. Well the Patriot Act ain’t–pariotic because it treats us all as terror suspects and violates the Bill of Rights.
After that, I found a local precious metal dealer and DIRECTLY exchanged some FRN’s for hard money. I would expect the government to work on finding a way to monitor that–because they want to protect us, ah huh.