Be Smart About Financial Transactions

   An Addendum To My Earlier Post Today....
 
   I read an article today about several people in, I believe, NYC who tried to withdraw cash from - and close - their checking accounts. They were arrested outside the bank. As I understand it, the tellers told them they couldn't make the withdrawals, and the customers became noisy. They were walked outside by police and arrested. For trying to take their own money out of their own bank accounts.

     I didn't check the story elsewhere for confirmation, because that's not my point. We need to understand that we live in abnormal times ... and think about what we do and how we do it. These are not the good old days when things made sense, when the policeman was your friend, and when people were polite and no one considered not being about to draw their own money out of a bank. We are in a different place and time. Unless you understand that, you will go insane.

Assume trouble. Plan ahead to avoid it.

So here are a few banking tips. If you don't feel it's necessary to remove money, then don't do it. If you do feel it's necessary, then do it. Get accustomed to thinking and acting for yourself..

• Do not attempt to close your bank account. This will make the bank feel insecure - and it's not necessary or advisable. Simply withdraw the money. There's no need to make an issue of it. If the money is out of the account, closing the account is moot.
• If they don't want to give you your money, don't make a scene. Take whatever they give you, smile and leave.
• Then immediately use your debit card to withdraw cash. Write checks for cash. Your friendly grocer, gas station, etc., will give you cash over purchase, assuming you have had the foresight to be on friendly terms with the necessary people. Make a small purchase and pocket the rest in cash. You may need to do this several times over a couple of days.
• Do not pay for anything with cash. Use your debit card.
• If you have a credit card with the same bank, use the credit card. (Two can play at this game.)
• Make any necessary purchases that you would have made in the next week or two (and use your debit or credit card) - this is the equivalent of pulling out cash. You could also buy items such as a Big Berkey type water filter, non-perishable food items, fuels.
• My first recommendation is to buy silver.Or gold. The price is still low (believe it or not). Later on you can use the money to buy or barter.
• Stop any automatic deposits (payroll, etc) to your bank account. Make no more deposits of any kind. . Keep only enough cash in the account to pay monthly bills and house payment. Then, when you have all the rest of your cash out, take out more and start paying bills another way. Postal money orders. Paid bills are better than worthless paper that cannot be removed from your bank.
• If experience is any guide it won't take long to empty your bank account ... it never does.
• One more thing. It's getting dangerous to use debit and credit cards online; we have had our Visa numbers stolen and used twice within the past year. It will only get worse.

JUST DON'T MAKE A BIG DEAL OUT OF IT. 

     Personally, for our household, all of the above is not a tactic to be used. It is a way of life. We try never to have too much cash sitting around in the bank (not a problem!). We manage our checking account and credit card (with the same bank) so that should any emergency arise in the banking system, and we can't withdraw cash, the checking account will pay off the credit card off. Better yet, we don't use credit cards and try to handle cash in a better way than letting it sit around in an account. We try to have a limited amount of things around that we could trade (even services) in an emergency.

     The point is to think and plan. Things are not normal ... and they will never be normal again - in this life. You must be willing to cope with that reality, or you won't make it.

ROYAL HEIR

creyner@yahoo.com

Global Financial Collapse

Many economists believe the entire global financial system will collapse in the next few months. Some have been saying this for two or three years.

If you keep up with such things, you will recognize Chairman of the Federal Reserve Ben Bernanke's use of the term "Quantitative Easing." This term means nothing more than the printing of 'money.' Bernanke recently warned that the outlook is uncertain and that the economy "remains vulnerable to unexpected developments." These unexpected developments to which he referred is the collapse of the global banks. These were code words of warning to those in the know. The global bankers and the elites are terrified of what may be inevitable.

Some economists believed Bernanke's story that QE (quantitative easing) would place banks in a position to lend money to businesses, which would jump start the economy. We all know this did not happen. There is no lending going on. Why not?

Because the idea that the banks are flush with cash is only an illusion. Due to a devious scheme by the FED designed to hide the junk assets being held on the balance sheets of the banks, this kept a run on the banks at bay. In actuality, the cash was paid back to the FED as reserves, and the FED bought the toxic assets through creative accounting entries going in one door and out the other. The entire thing consisted of meaningless transactions designed to hide the fact the the banks are actually insolvent.

There is no solution but to continue the charade and attempt to embark on QE2, an attempt to hide all of this from the public and continue creating money out of thin air through the use of creative accounting entries - in one door and out the other - which is nothing but continuous in-and-out computer entries. This is nothing but a scam to avoid a run on too-big-to-fail banks.

When the game falls of its own weight they will try to stave off bank runs by not allowing cash withdrawals beyond a certain limit per day, possibly restricting gold and silver transactions, and similar restrictions. Some banks have already imposed unusual limits without actually announcing it. You find out only when you try to make certain transactions. The secrecy cannot be maintained.

Individuals should rearrange their bank accounts and investments accordingly, and ahead of time. Now. It would be a good idea to have some gold and silver and cash 'in hand' to enable you to get ahead of the game as much as is possible.

When the game stops, that would be an excellent time for a new global financial system and a global currency to be announced.

As always, it is far more important to have your spiritual ducks in a row than to worry about earthly 'money' that has no lasting value.

Royal Heir