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Is a run on American Banks in progress? You be the judge

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posted on Apr, 11 2010 @ 04:04 PM
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It may be of a certain advantage to have a strategic amount of cash
around the house, so you don´t have to queue up in front of the banks,
when the run starts.




posted on Apr, 11 2010 @ 05:03 PM
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Hey folks...Keeping your money in the bank is like keeping your money next to a good acquaintance you barely see

If sht hits the fan that acquaintance basically says "ADIOS AMIGOS" and your money supposedly "SAFE GUARDED" basically wasn't safe guarded but merely a plot to steal the people "Hard working money"

Then it's BANKERS AGAINST BANKERS - And then they eventually realize that paper never got them anywhere

Then comes the raise of gold and silver...Oh my back to the stone age huh?

No "WE THE PEOPLE" as a whole and in numbers shall unite and SETTLE the score once and for all...Don't be tricked this time folks

We SHALL make our own CURRENCY - we demand FIT. We shall manufacture our own good...We shall drill our own UNTOUCHED reserves...We shall RE-CREATE america

But HEY - IT'S ALL UP TO THE AMERICAN PEOPLE - you love your country don't you. How much do you love america that a nation of 309,048,341 people are in chains

Hey it's all up to you "AMERICANS" not me obviously...i can only suggest - I am american too - Born and raised


[edit on 11-4-2010 by Kingdom of darkness]

[edit on 11-4-2010 by Kingdom of darkness]



posted on Apr, 11 2010 @ 07:17 PM
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The FDIC is funded by assessments of all FDIC insured banks. The FDIC also has a Line of Credit with the Treasury that it has not tapped.

Whenever the fund is depleted, the FDIC will simply assess the banks another fee assessment. Naturally, the larger banks, such as Chase, Citi, Wells, BOA, etc. fork over the bulk of these assessment fees due to their sheer size. But small FDIC insured banks pony up the fees as well.

The FDIC does not utilize taxpayer money. The FDIC fund is funded by bank assessments.

To say that the FDIC is broke is ridiculous. It will simply charge more assessments to the banking industry. It has not utilized the Line of Credit with the Treasury.



posted on Apr, 11 2010 @ 07:41 PM
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Originally posted by CookieMonster09
The FDIC is funded by assessments of all FDIC insured banks. The FDIC also has a Line of Credit with the Treasury that it has not tapped.

Whenever the fund is depleted, the FDIC will simply assess the banks another fee assessment. Naturally, the larger banks, such as Chase, Citi, Wells, BOA, etc. fork over the bulk of these assessment fees due to their sheer size. But small FDIC insured banks pony up the fees as well.

The FDIC does not utilize taxpayer money. The FDIC fund is funded by bank assessments.

To say that the FDIC is broke is ridiculous. It will simply charge more assessments to the banking industry. It has not utilized the Line of Credit with the Treasury.


LOL at the ignorance that abounds. The FDIC has been broke since last august: www.chrismartenson.com...

The so called treasury line of credit comes from guess who? Where does the US treasury get its revenues from? Here is a hint April 15th. Now where does all the funds go? heres another hint; look up the grace commission report.

When the hell are people going to wake up to this scam. It's over we are on borrowed time the Fiat currency system is in its death throws! WE are like the maggots lving on a dead corps that can't sustain us much longer.

Get your money out ASAP and get it into hard assets and gold and silver now as much as possible get food storage and preparations first. Learn to be self sufficient it will be a necessity in the very near future. Those that continue to ignore it will be caught short when it all turns over! Better to be prepared and not need it then to be caught short wishing you had prepared!



posted on Apr, 11 2010 @ 07:57 PM
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reply to post by CookieMonster09
 


I TOTALLY agree with your assessment. The FDIC is NOT funded by Tax dollars and has full backing of US Government.

This 60 Minutes story depicts a last resort bank failure and how the FDIC kicks in. Granted in is roughly a year old but offers an unprecedented behind-the-scenes look. The FDIC Chairwoman offers keen insight when pressed hard. Many will find fault with their action, but their record of no bank customer losses due to failed banks remains intact.



I can hear it now......the MSM lies.


[edit on 11-4-2010 by kinda kurious]



posted on Apr, 11 2010 @ 08:14 PM
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The FDIC is not broke. As I mentioned, at any time, it can levy an assessment against the banks. Banks like BOA, Chase, Wells, etc. all pay the bulk of these fees due to their size. Small FDIC-insured banks also pay the assessment fees.

It is not taxpayer funded.

Not a single depositor at any failed bank has lost a single dime of their money thanks to the FDIC. Prove me wrong.

The FDIC also has a Line of Credit with the Treasury, if needed. So far, assessments have been enough to cover the banks failures thus far.

Quit spreading fear-mongering lies.



posted on Apr, 11 2010 @ 08:27 PM
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Originally posted by CookieMonster09
The FDIC is not broke. As I mentioned, at any time, it can levy an assessment against the banks. Banks like BOA, Chase, Wells, etc. all pay the bulk of these fees due to their size. Small FDIC-insured banks also pay the assessment fees.

It is not taxpayer funded.

Not a single depositor at any failed bank has lost a single dime of their money thanks to the FDIC. Prove me wrong.

The FDIC also has a Line of Credit with the Treasury, if needed. So far, assessments have been enough to cover the banks failures thus far.

Quit spreading fear-mongering lies.



The OP and the others wishing for financial doom don't want to listen to facts and logic. What you just pointed out I tried pointing out but they don't want to listen. They want their fear and want to believe doom is imminent.



posted on Apr, 11 2010 @ 09:03 PM
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Agreed. Go here:

www.fdic.gov...

According to the press release, the FDIC would collect another $45 billion in assessments from banks as of December 30, 2009. The industry's liquid reserve balances increased 22% as of the end of June 2009, to more than $1.3 trillion.

Yes, the FDIC fund has been hit hard by the bank failures. However, the fund remains viable, and has an untapped $500 billion Line of Credit with the Treasury.

FDIC Chairwoman Blair states:

"I am pleased, but not surprised, by the industry's willingness to step up to the task of rebuilding and strengthening the cash reserves of the fund," said FDIC Chairman Sheila C. Bair. "In September, I expressed confidence that the industry was up to this challenge and the industry has not disappointed. The comment letters we received over this past month made clear that the FDIC and the industry are of the same mind: we will do whatever it takes to maintain the public's confidence in insured institutions and we remain committed to maintaining the independence of the Deposit Insurance Fund through direct industry funding............."

The article continues:

"............Chairman Bair emphasized that "the public should know that the discussions over the past several months have never been about the FDIC's ability to fulfill its commitment to depositors, but rather how that would be done. The FDIC's commitment to depositors is absolute, and we and the industry have more than enough resources to make good on that commitment. No depositor has ever lost a penny of an insured deposit and no depositor ever will."



posted on Apr, 11 2010 @ 09:33 PM
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CORRUPTION: Reverse-Insurance?! (FDIC)




Senior regulators say they are seriously considering a plan to have the nation’s healthy banks lend billions of dollars to rescue the insurance fund that protects bank depositors. That would enable the fund, which is rapidly running out of money because of a wave of bank failures, to continue to rescue the sickest banks. The plan, strongly supported by bankers and their lobbyists, would be a major reversal of fortune.



FDIC Wants Pension Funds to Prop Up Failed Banks



The FDIC wants private pension funds (i.e you and me) to pick up the slack for private banks. So not only did we bail them out with TARP funds, now they want Americans to back them with private pensions funds.







FDIC Is Broke, Taxpayers at Risk





The FDIC’s insurance fund is going broke, and Sheila Bair is wondering aloud about how to replenish it. This means one thing for taxpayers: Watch your wallets.




I HAVE PROVIDED PROOF THAT THE FDIC IS A MOOT POINT. TIME FOR ALL YOU HIGH HORSEMEN TO PRODUCE LINKS AND QUOTES FROM THEM THAT PROVES - NOT SAYS - OTHERWISE.

I will just assert that I believe I made a prudent decision, and let me just tell you this... if you think I like bragging about my gun, wait til I start bragging about how well fed - along with well protected - my family will be as you who possess a failed sense of duty vs. a GRANDIOS sense of EGO cant seem to find the resources you and your families will need to endure... because of your misdirected sense of trust in something that has already proven itself untrustworthy... YOUR FIAT GOVERNMENT...

[edit on 11-4-2010 by DarkspARCS]



posted on Apr, 11 2010 @ 09:48 PM
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CORRUPTION: Reverse-Insurance?! (FDIC) Senior regulators say they are seriously considering a plan to have the nation’s healthy banks lend billions of dollars to rescue the insurance fund that protects bank depositors. That would enable the fund, which is rapidly running out of money because of a wave of bank failures, to continue to rescue the sickest banks. The plan, strongly supported by bankers and their lobbyists, would be a major reversal of fortune.


This article is from September 2009. Since this article was written, the FDIC made the nation's banks pay the assessment - to the tune of $45 billion - as of December 2009. This is an old article. You might want to keep up to date and stop making yourself look ridiculous by posting dated information.

Strike one.



FDIC Wants Pension Funds to Prop Up Failed Banks The FDIC wants private pension funds (i.e you and me) to pick up the slack for private banks. So not only did we bail them out with TARP funds, now they want Americans to back them with private pensions funds.

This is the original story: www.businessweek.com...

This story is all about the purchase of distressed assets - meaning distressed real estate -- held by the FDIC in a failed bank takeover.

For example, Colonial Bank failed. BB&T bought the deposits of Colonial, and the good loan assets of Colonial. In the case of Colonial, the FDIC assumed all of the bad loan assets (i.e., defaulted loans, etc.).

The FDIC typically works out loss-share arrangements with the assuming bank. It's a great deal for the assuming bank - They get deposits, good loan assets, and on the bad loan assets the FDIC takes the bulk of the losses.

This news story is about having pension funds assume the role of a BB&T, that is, an assuming bank that takes over deposits and good loan assets, and having the FDIC share in the bad loan assets.

The news story you cited has absolutely nothing to do with propping up the FDIC fund.

Strike two.



FDIC Is Broke, Taxpayers at Risk The FDIC’s insurance fund is going broke, and Sheila Bair is wondering aloud about how to replenish it. This means one thing for taxpayers: Watch your wallets.

This is an article from September 24, 2009. Again, since that time, the FDIC has assessed the nation's banks and raised $45 billion. It has not tapped the Line of Credit with Treasury, nor has it tapped taxpayer dollars.

Strike three.



I HAVE PROVIDED PROOF THAT THE FDIC IS A MOOT POINT. TIME FOR ALL YOU HIGH HORSEMEN TO PRODUCE LINKS AND QUOTES FROM THEM THAT PROVES - NOT SAYS - OTHERWISE.

Take a chill pill. Cooler heads have prevailed:

www.fdic.gov...

[edit on 11-4-2010 by CookieMonster09]



posted on Apr, 12 2010 @ 01:35 AM
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Can anyone explain to me what pay pay is? never heard of it in my life or on the internet? hmm must be something new

or unless he said paypal....lol



posted on Apr, 12 2010 @ 02:38 AM
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reply to post by DarkspARCS
 


I remember that broadcast when it was done, I couldn't believe that he was allowed to do that. He essentially told the public how the game was played. The elite likes to tell the victims what they plan to do before they do it. I have to wonder about this week coming up. The Polish govt. officials dying in a "airplane accident". Greece about to implode and Germany not wanting to bail them out. Banks are continuing to be closed almost every friday, and then a person on this post saying that Ted Turner was on a radio show saying a run on the bank on the third week of April (I'm not to sure about that, but it could have been said). It's almost as if they are allowing the Dylan Ratigan's (do anybody know why he left CNBC) of the US to tell what they know because it doesn't matter anymore. They are off the Titanic on their own life boats so it doesn't matter what you tell the sheep anymore.



posted on Apr, 12 2010 @ 02:42 AM
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Sorry if someone already posted this, but I think its a big enough story to get posted again, and maybe in a separate thread...
LBMA Gold Manipulation Story Hits The Mainstream

First, the gold manipulation story that Zero Hedge and select others have been beating a drum over for months, had finally made inroads into the broader public, first via the Huffington Post, and earlier today via the NY Post. It has also gone global thanks to the Melbourne Herald Sun, the largest newspaper in Australia, whose column by John Beveridge "More bull than bullion" is reproduced below, courtesy of the GATA. Most importantly, Zero Hedge will soon disclose some very stirring details on the manipulated gold market courtesy of yet another whistleblower, and add a new twist in the greatest precious meals fraud saga of all time. Stay tuned.




posted on Apr, 12 2010 @ 09:23 AM
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Monday morning......hmmmm...
business is at norm..


FAIL!!!!



posted on Apr, 12 2010 @ 10:57 AM
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reply to post by tsloan
 


I hardly think we would be able to tell right now. It is probably a creeper run right now, because not too many Americans pay attention.

But like I posted above, the gold market manipulation is hitting mainstream, so we will see how long it takes before some funky business starts going down.




posted on Apr, 12 2010 @ 12:40 PM
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Originally posted by andrewh7

This isn't the 1930s. No one would bother to make a run on the banks because the FDIC insures up to $250,000 for any particular account. Especially considering the fact that the customers of other banks that failed got all their money back without a problem.



IMO This IS the 30's. it has just been temporarily obscured by unsustainable printing press runs that have only delayed the day of reckoning See patrick.net...

Having FDIC "insurance" doesnt gaurantee WHEN you might get your cash.
You could wait months until after the 'devaluation" to get dollars that are now worth 50 cents on the dollar.

There is one kind of account that cannot run out of money, it is called Treasury Direct. While a Treasury Direct account has no FDIC Insurance, it doesnt 'need' it, cause its the guys that print the dough.

The US Dept of the Treasury

They give you a secret decoder card that is quite impressive...and it has the most outstanding security I have ever dealt with. Check it out... oh and the account costs nothing and allows one to bid and purchase direct from the treasury, T-Bills and a very little known thing called TIPS - Treasury Inflation Protected securities.


[edit on 12-4-2010 by seataka]



posted on Apr, 12 2010 @ 12:52 PM
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Monday morning, things are normal, banks are open.

Where are you OP to admit you were wrong? Where are the rest of fear mongers that were hoping everything was collapsing last weekend? Home crying that things are actually ok probably.

The OP saw one MSNBC video which was a big deal to him, ASSUMED it would be a huge deal to everyone else, saw something at a bank he didn't understand, and ASSUMED what was happening. You know what they say about the problem with assuming.....



posted on Apr, 12 2010 @ 01:05 PM
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reply to post by seataka
 


the us mint prints money, they are given orders by the federal reserve, not the us treasury. look on a bill, it says federal reserve note, not us treasury note... the us treasury is nothing more than a vehicle of theft for the big banks.. an arm of the criminal banking elements in our governemnt.



posted on Apr, 12 2010 @ 01:51 PM
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I can add I went to my bank this AM and was not the first person to make a cash withdrawal this either. They still had cash but were out of $100's & $50's when I left.

I got $1500 btw, but someone earlier had taken out 'alot more than that' per the teller.

Also the teller made some offhand comments about it being an 'interesting day' and when I asked for more detail the teller wouldn't provide any.

[edit on 12-4-2010 by GM-GUY]



posted on Apr, 12 2010 @ 01:57 PM
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That's weird, that he should say we can't have cash that could be invested elsewhere. YOu don't invest with cash. Do they? Does anyone invest with cash? I thought it was all digital now.

I think they want money to be digital, because digital money is traceable and they can keep all sorts of records of you with that.

When i tried to get 5k from a bank not long ago - for my roof - they made me be fingerprinted.

Generally I am quite broke though. Quite happy, but quite broke. I leave more than plenty for others.

I don't have any money in the bank much to lose. I've got some good coupons, a garden, some guns & ammo, livestock, and a stockpile fit to feed an army for a while to get me through a while though.



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