OT: Will YOU make a bank run just before Y2K?

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Will YOU make a bank run just before Y2K?

I won't because, well, I already have, and I've spent my small amount of cash on preps for my family, friends and DGI neighbors.

I'm interested in your plans. If you wish to remain anonymous in order to avoid observation and recrimination, then post with a false address. I won't inform on you because I want you to be secure in your finances. Remember, the government is NOT your friend.

BTW, please use common sense when hiding cash for emergencies!

-- Randolph (dinosaur@williams-net.com), October 30, 1999

Answers

I get $400 out of the machine every time I go by - been doing it for weeks. I don't run though - I calmly walk in and out!

-- My (02@cents.worth), October 30, 1999.

And THEN what do you do with it?

-- (second@story.guy), October 30, 1999.

All the Doomers on this forum have long since taken care of that. Banks runs are for the Polys and the sheeple. That being said never under-estimate the ability of TPTB. The PR-flake is working fine, and the 99% feel OK...---...

-- Les (yoyo@tolate.com), October 30, 1999.

Just enough in the bank each month to cover the bills. Been that way for over a year now. (Second Story, sorry, the rest is on the third floor)

PS - Cash your check at your employer's bank, no record against your account !!!!

-- BeenThere (ForQuite@wile.Now), October 30, 1999.


I have cash--quite a bit. I wonder if it will be valuable or worthless as things go along. So no, I won't start a bank run. My family members who don't always have the sense they were born with might try to get cash, gas, and cat food at the last minute. But don't listen to me...

-- worried (falseadr@doomer.com), October 30, 1999.


WORRIED: The topic of whether we have deflation or inflation is one item covered in Gary North's REALITY CHECK #43, just received by e-mail. See this thread for the capitalized LINE i STARTED 10/30/99 UNDER THAT NAME.

Other people of note who have very different views on this are Dr. Ravi Batra, whose new book you can find on AMAZON, says we will have a HYPERINFLATIONARY DEPRESSION, like Germany in the 1920's.

But then, Robert Prechter, the Elliott Wave theoretician, clearly lays out a very logical case for an intensely DEFLATIONARY mass-depression(Grand Supercycle degree, worse than the 1930's one, which was of "only" Supercycle degree).

So the jury is still out as to whether cash money will have any worth, and that is not counting any NWO edicts in the interim.

-- profit of doom (doom@helltopay.ca), October 30, 1999.


we can discuss the relative probabilities of future hyperinflation and deflation all day long, but whether or not cash will have worth at any given point in time is NOT the point:

the point is having immediate access to that which you own.

one who holds cash is presumed to be observant enough to know what the hell is happening in the world around them, and thus is able to exchange that cash for other things of value - if and when needed.

thus, holding cash, or gold or food is only a means of being "flexible and liquid", and flexibility and liquidity are the two main keys to being able to swim against the tide [along with having a very good head and lots of luck]

life is not for the meek; it takes guts to live and to be free - to be responsible for ones own life and survival; it also takes liquidity; so,

get it, get it ALL, hold it, PROTECT it, watch events as they unfold, be ready to jump into, or out of wherever you may be at the time for a better place or circumstance;

become a "trader" : one who places no emotional strings on the possession of a thing, but who holds a thing for the enhancement it provides to ones life; and only for that time; i.e. -

a classical CD today, a handgun tomorrow, a jeep the next, a rose and lovely lady the next; gold coins and a canteen of water the next; there is a time for all things...

remember, a thing has 'value' only because of the value it adds to ones life; when that added-value is gone, or is unable to be realized, maybe for you, at that time, some other thing of different value is more appropriate -

but you can do nothing unless you :

get the damn cash out of the banks - NOW!!! ALL of it!!!

good luck!

-- Perry Arnett (pjarnett@pdqnet.net), October 30, 1999.


Just got into an argument about this last night. My friend was saying that 'people like you' who take out too much cash are the biggest threat to the banking system (I withdrew most it a long time ago). I said "It's my money, I already paid taxes on it and it's not my fault they don't have enough physical cash on hand to meet the demand. I didn't make this system and I'm not responsible if it fails. It's my money and I want it.".

We argued for a few more minutes until I said "What happens if direct deposit fails?" He said "Well, then the banks would have to close their doors" and as the words came out of his mouth it was like a light bulb went off! All of a sudden he Got It! Ultimately he said he doesn't feel comfortable doing it because he doesn't want to be 'part of the problem' but that he would be taking out at least $5,000 just in case.

-TECH32-

-- TECH32 (TECH32@NOMAIL.COM), October 30, 1999.


You have to have money in the bank to make a run for it. That means that I certainly am no bank run threat!

-- haha (haha@haha.com), October 31, 1999.

Me and you both haha. 8-(

-- pizzaman (cjwarner@yahoo.com), October 31, 1999.


My next visit to the bank will be in Feb. 2001. That's when I have an 18 month CD come due. Boy, I sure hope my bank is still there then. This is a big polly move for me...

But, I do hope to be able to go to the MAC machine and take out a few bucks every week, for the rest of my life. And I hope that my direct deposit payroll makes it in every week, for the rest of my life. And I hope to be able to go to the store, and flash my Gold Master Card, for the rest of my life.

No, I don't plan to run to the bank. I've been walking there for years. I still have a good relationship with my "banker" and I hope that relationship continues well into the 22nd century, when I may be gettin' a little old...

But my "banker" also knows me. He knows that I've been stashing a few thousand, in cash, here and there, for quite a while. He knows that I've been buying real money, aka gold, for quite a while. And he knows that if this is a BITR, he'll have all of my money back, just about Feb. 2001...

But I know that if my "banker" does screw up, I've got enough "real money" to hold me off, well beyond Feb. 2001. I may be in line at FDIC, but I'll be there fat and happy.

Let's hope it doesn't come to that...

Tick... Tock... <:00=

-- Sysman (y2kboard@yahoo.com), October 31, 1999.


>>>Just got into an argument about this last night. My friend was saying that 'people like you' who take out too much cash are the biggest threat to the banking system

Tell your friend that if the 'banking system' cannot handle its customers requests, then the banking system is broke. Why should you sacrifice your savings upon the altar of 'fractional reserve?'

You deposit a dollar, the banks give you 2% interest. THey then take your dollar, and turn it into $20 in loans, charging 8+% interest. After a year, the banks give you $.02; the banks themselves get $1.60. The banks get 80x what they give you, all on your money. And they'll charge you a fee to pay your electric bill.

This is the entity that your friend is prepared to defend to its death?

-- Chuck (charlesmayer@shrimpscampi.com), October 31, 1999.


From: Y2K, ` la Carte by Dancr (pic), near Monterey, California

You deposit a dollar, the banks give you 2% interest. THey then take your dollar, and turn it into $20 in loans

The way I understand the system to work, they turn it into $.95 in loans. Ninty-five cents.

-- Dancr (addy.available@my.webpage), November 01, 1999.


Tell your friend that if the 'banking system' cannot handle its customers requests, then the banking system is broke. Why should you sacrifice your savings upon the altar of 'fractional reserve?'

Exactly. This 'fractional reserve' is a scam. Banks should have enough money to take care of everyone who puts money in. If somebody wants a loan, too bad. The morons should have thought ahead before they went and spent more than they could afford.

-- (get@out.now), November 01, 1999.


Nope, no need to do a bank run....Already have a fair amount of cash split between two stashes. Plan to leave $1k in the bank. Put the cash into two fireproof safe boxes, one is buried here, the other at a trusted friend's home. Anyone who waits till the last minute is a fool.....DCK

-- Don Kulha (dkulha@vom.com), November 01, 1999.


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