Bank Run 101 - Keeping your money during a bank run

[buzzz121]

Is a money market account with a securities company safe? i was told it is FDIC insured. Also I hear the FDIC is broke?

[teargardens]

@buzzz121 yes FDIC was bailed out by the fed, which is controlled by the bank of England. Get prepared and tell everyone the dollar is about to collapse!

[vgcq02]

It's per account, not per person.

[largo2001]

the FDIC can guarantee the $250K alright, but not its purchasing power.

Ex: $5,000 gallon of milk and $3,000 bread, but eh, you got your $250K from the FDIC along with everyone else.

Buy Gold. Buy Silver. Sell paper.

[inkey2]

I think most people kept over 100,000 in banks because they were way too young to remember the Great Depression and never in their most wild dreams thought a bank could fail.

[AntiBullS]

best place to keep your money is in the refrigerator , They stay crispy you can it it for breakfast when food will disappear from the shelves

[inkey2]

hey AntibullS: I just thought of something.......if you DO keep money in your refridgerator you will always have "COLD CASH" on hand....HaHaHa

[AntiBullS]

indeed :) good catch

[EDGEWOMAN]

How soon do you think it will be before the food disappears?

[AntiBullS]

I analyzed it and came to conclusion that we might have short term crisis in late 2011 - early 2012 but real crisis will between 2017-2028

get seeds( cheapest way ) no land ? learn how to grow inside .

[700eyesonly007]

Look into how much the Senate has made available to insure the deposits-that amount I believe is, 50 billion, however the deposits that are insured by the FDIC are in excess of 1 trillion dollars. The FDIC can also take up to 99 years to pay out the lost deposits.

[ubloom3]

Thanks for the video. I have a question. I was without a job for about 3 months and my bank account went to negative. Well I got a well paying job paying 14.50hr (washington minimum wage is 8.50hr) im planning on paying the debt I owe (or should I?) should I re-open my account!! or just go to money tree kina of thing to cash my checks??? please give me your opinion?? ive been watching the news a lot like a lot of people and I'm kinda stuck on this!

[aceyorba]

look out Downey savings and WaMu. you may be next

[novoare]

They bought dollars, the dollar was very safe at the time, but I dont' think they would do the same now that the whole world knows the dollar is heading south. In July 1990 the inflation was up 93%. Now there are only to steps in USA, 1. Go to gold.

2. Wait for the crash and buy Real Estate for pennies on the dollar.

[davincij15]

Then you will be voting for Chuck Baldwin of the constitutional party eh?

Well I would also suggest you buy gold and silver now. September - October will be too late.

Remember gold is money it has been money for the past 6000 years and just because you have used dollars for you short life time does not make it money.

[chelle099]

Dont worry everything is gonna be alright.After more banks fail,and more people loose their homes,and unemployment increases.Then the government will step in and help those people in need.BY sendinging them to relocation/help facilities run by FEMA.Once there you will get (gmo)food,medical care(inoculations)and they will find you employment(work camps).Although you may have to brace yourself,to do your part,you may have to be separated from your family members for a time.

[WolYou]

chelle099: A quite precise prediction of what could happen. Taking the money from the consumers is the first step towards total enslavement. And there is a lot of people who would enjoy this scenario. Unfortunately and not by accident those people are in the governments and the financial institutions. They won't suffer.

[generatrix999]

You'd be a fool to 'turn in your gold'.

...satellite or other technology may be able to find gold in the ground,----Not! People have gold in their mouth (crowns). Banks don't sell gold, they push their (wothless) paper (digital dollar).

We are all at their mercy but what is the best way to work the system?----- Bullshit! The fed needs to be abolished and congress can do this, if they weren't in on the scam themselves... terrorists.

You can buy gold at a swap meet, no one records it.

[TexnTuber]

In 1933, FDIC insured up to $5,000 to insured depositors and the price of gold was $26/ounce.

Today, the FDIC would need to add an additional $85,577 to the current $100,000 to keep up with the inflation rate since 1933 priced in gold ($965/oz currently)

[generatrix999]

We need more bank runs!!! Time to take control of the illegal banks. Buy gold. 10th oz is smaller than a dime, easy to stash in pvc pipe and bury. Get out of (worthless) Fed dollars now!

[generatrix999]

Central banks of Europe and U.S. are purposely devalueing the Fed dolar, they want the people to accept the proposed Amero, they don't want to have to hard sell it, they want people to fall for it.

Private bankers want to control the worlds money supply, hence control all in the world. They must be elimanated.

[FreeGlobalEnergy]

Some say buy Gold but at one time laws were made that you had to turn in all gold and if you held on to it you would be arrested & fined $10,000. You could bury the gold but satellite or other technology may be able to find gold in the ground, when you buy gold is it recorded like when you buy a gun? I had wondered if a person should exchange to Euros as well then later exchange euros for the Amero. We are all at their mercy but what is the best way to work the system?

[novoare]

By the time the FDIC gives you the money it will be worth nothing. Inflation rates will be over 50% per month. It happend in my country (Peru) when the government started to print money like crazy.

[stillhearya]

That's terrible. What did those people do that did not get caught up and were able to survive the inflation? Did gold work?

[ianupton]

investing 1/3 of your savings in gold is a good hedge against bank runs and inflation.

[Mampara1]

Tell this to the pensioners that were insured by the PBGC !

[ItsFazsha]

Actually, JPalme is right; what good is FDIC insurance if it takes 6 months to get your money? The thing to have your money in is the one thing everyone else thinks is stupid - basically you'll have no competition for it (basic Buffett 101). Hold your money in cash right now, and I mean cash in a safe in your home. I guarantee you if you ask your bank for $30K cash, it will not be as easy as you think to get it.

[polytope13]

Hahahah! Bury your money in the backyard! HAHAHA! Brilliant advice! I bet you've made millions! You're an engineer? I hope you're not responsible for engineering bridges or anything...

[nibelungensohn]

check out my videos "where does money come from?"

[queegmeister]

great sense of humor and GOOD LOGICAL comments too thank you

[meteormilk]

i like you..you seem like a nice guy..blessings to you in the future

[joshrain1]

what do i do with my retirement money in USD? i have not reached 59.5 yet? please help, i searched online and couldn't find anything

[AMNielsen]

Hi joshrain,

Buy: euro's / Swiss francs, yen, gold, silver and oil futures. The dollar will collapse.

[joshrain1]

but then, i will take a huge tax and penalty. i don't believe in other currencies. oil futures, is another thing, i think there is too much supply and oil will fall. i like gold, but i will loose almost 40% in my 401k (which is in stocks - and currently going down).

[insanedrummerx27]

you can add precious metals to your 401K

[AMNielsen]

Then you're pretty stuck. I would recommend to get out of US dollar at any cost!

[siszam]

Buy gold and silver and take possession of it. No one but you will know that you have it. When you sell it, sell it for cash and don't bank the money. Come on. Don't be naive. If everything crashes you don't think your precious 401k will become worthless?

[josecitomadera]

What if someone had money in a safe deposit box and the bank collapses? Would that person have access to his box or would the bank appropriate the contents of it to pay off its debts?

[polytope13]

Your safety deposit box will be safe even if there is a run on your bank. The downside is that you don't earn interest on a safety deposit box (you actually pay out money in this case). Why don't you just open a bank account with a multinational entity like HSBC or Citigroup? If one of those banks go bust then it will be because of something on the order of a nuclear holocaust, in which case paper money will be the least of your worries.

[josecitomadera]

So of its intl character if their US factions go bust the other parts would hold its own??

[queegmeister]

please post some more - you are freakin hilarious LOL !!

[josecitomadera]

I think that Nuclear Holocaust you mentioned in this post is about to materialize. Financial Armaggeddon is upon US!!!

[Ezbizlady]

Now that's A good question.

[josecitomadera]

What is FMA?

[generatrix999]

Pull your money out of the bank(s)! Buy gold or something you can stash easily (cash). In the near future there will be massive bank runs, the (federal reserve) system is set up to run this way, since its not under government control, your basically fucked. Thhe fed can do whatever it wants with your money.

[nihilozero]

Even if the U.S. government insured 100% of everyone's cash it still wouldn't mean much since all they have to do is print more and release more into circulation. So fine... a run was averted, you have your money, but it's simply not worth as much (if anything). It's greatest value may end up as being used for toilet paper or kindling. Getting your money out of the bank is a good start but trading it for something with real value might be the best idea yet. Cheers!

[saintrambone]

NTEU Controls FDIC and US Mint, Rob one pay the other, vice versa. Beware of working for the federal financial regulatory sector. Some men have been killed. Collusion and technology leave you at risk of horrible abuses and the government is owned by negative captialists...money launderers, etc. I have been tortured since 2001 after being an FDIC bank examiner. Life nightmare since. See Mobile Audit Club online and links for proof

[Lurchbaker]

It's good to see an opinion a bit different than the talking heads on CNBC.

There may be a crisis, but not a "Bank Run". The feds will simply print more money.

In 1929, there were Bank Runs in the USA. In Europe there was INFLATION. The governments printed so much money it was all worthless.

If you really feel that this type of crisis is coming, buy gold or silver. Precious metals have been used as currency for 5,000+ years: the market value can't easily be disputed.

Good luck to all!

[DangerousCombination]

Bank Runs will be more common, take your money out now while you still can. This global credit crisis will hit every Bank. Government guarantees on banks could take 6 months to 2 years to retrieve your money. Australian banks don't guarantee deposits, only that depositors will have first claim to bank assets. Most countries have limits on guarantees, USA it's 100K per PERSON (even if you have multiple accounts across different banks).

[TYX91101]

Good advice, and timely too. What if your bank closes and the ATM's are turned off? You can find out where your bank stands for $15. Do a search for Weiss Ratings Service and purchase a report. They also list the 25 safest banks in America, free on their website.

Keep in mind that strong banks will ATTRACT depositors if the weak ones begin to falter.

[snocamo]

I had an account at Unifirst Savings and Loans back in the mid-80s. When it failed, I literally did the bank run. If you do a bank run, GET THERE EARLY. Even if it means camping out in the parking lot. There were many people at Unifirst withdrawing money. I had a heads up because my ATM card stopped working properly while the bad news about Unifirst was being announced on TV.

[spike7878]

Maybe they are crashing the system so they can install the chip in us. It may crash overnight and the only way to get your money is if you accept the chip implant.

[spike7878]

Read that somebody put up one Billion that the Dow will drop 30 to 50 percent by Sept 17.

[Led7Zepp]

Can I get a link to this article?

[spike7878]

Try this link financialnews-us(dot)com/?page­=ushome&contentid=2448565379

Title: Mystery trader bets market will crash by a third

[misawayub]

really appreciate the information. have a question though. if bought a house now, at a fixed rate, and then the value of money goes down, won't he come out ahead? assuming that you keep your job and current level of income, as long as the rate is fixed, you're in the clear. it seems that renter's will have the bigger problem, as the landlord can always raise the rent.

[spike7878]

What happens if you buy a house now for say 300 thou and then the value drops after 1 year to 250 thou and you need to sell it? You would need to pay the differance.

[alabasteroldsoul]

yes, you're correct that, all else being equal, you'd come out ahead as a debtor during a period of inflation cause you'd be paying back your debt in "cheaper dollars"

[qweqwe12345789]

This is not Bush's fault at all. The USA has slowly but systematically been destroyed from within over the past 30 years. It all started with shutting down its manufacturing facilities.

[spike7878]

Bush is just the Punching Bag for the Money Masters. Did you see that video?

[Sleeeeve24]

not his fault. true. but he didnt exactly do anything to make it any better.

[aukxsona]

what could he do?

[jwein8282000]

wow, your advice would actually cause the bank failures and bank runs. Why not tell people to goto a FMA with $25 million in insurance if these people have more than $100,000. Keep it under a mattress? lol. What bad advice.

[jpalme2000]

I'll check out the FMA.

The title is keep YOUR money during the bank run. I'm not giving advice on how to keep the banking system solvent.

Leaving it under a mattress, as I'm sure most have understood, means to keep the money liquid, in your own possession, and out of the hands of others.

Thanks for the tip on FMA.

[ivc43]

For all of us slow people, what is the FMA?? Thanks.

[tetekofa]

thank you for the post, Bush has run our country into the ground. I hope we can get Ron Paul in office before a total collapse, or Bush declares martial law and suspends the elections indefinitely.

[davdjr]

I think your right tecnohunk, after all if Bush was serious about keeping America safe he would have actually secured our borders! Bush is a puppet!

[tecnohunk]

Politically? I think the Federal Reserve and its elistist owners are wantinng to crash the dollar so that we will accept the North American Union along with its answer which is the new currency=Amero.

Question: How will what is coming affect American Express and other credit card companies that have people that owe them? What if Americans in masse cannot pay the credit card bills...will these companies suspend ops for 6 months until things get better?

[jpalme2000]

That's a good question about the credit card companies and check clearing systems, they use the liquidity of the system to become operate. That's another video!

[spike7878]

Your Great and Thank You for your Information