Bank Run 101 - Keeping your money during a bank run

Countrywide had a Bank Run on Thursday and Friday of the third week of August 2007. This video discusses what a bank run is, how to keep your money safe, and the FDIC and how it works.

Category:

News & Politics

Tags:

• fiscal
• crisis
• failure
• credit
• market
• bank
• run

[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.

[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!

[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.

[ianupton]

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

[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!

[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?

[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.

[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 .

[EDGEWOMAN]

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

[AntiBullS]

indeed :) good catch

[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.

[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]

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