Would it make sense to avoid using a bank?

[man_is_the_bastard]

Today I was eating dinner at the table with my parents and listened to them discuss the way the banks are headed. They sincerely feel that the banks will go bankrupt. I said to them "yeah that's their plan" .of course, they didn't know what I was talking about.. I stood by listening to them, I know they are fearful and my dad suggested that they withdraw a few thousand dollars and hold it in cash. I wish I could think up a better solution for them. They are your "average" American husband and wife, they watch t.v. regularly.

[Michael]

I agree with most of the above. Keep only enough money in the bank to pay a month or two of bills. The rest in my opinion should be: Some cash, some gold, some silver, all in your physical posession. Plan ahead to be sure you will have clean water, food and warm clothes.

[JSErwine]

For a person living paycheck to paycheck, it is easy to live without a bank. Though it requires a person to live entirely within their means. No loans, credit cards, checking accounts, I know for many this is unthinkable. But people living beyound their means is a large part of our current problem.

My .02

Jeff

[Machinamentum]

Originally Posted by JSErwine

For a person living paycheck to paycheck, it is easy to live without a bank. Though it requires a person to live entirely within their means. No loans, credit cards, checking accounts, I know for many this is unthinkable. But people living beyound their means is a large part of our current problem.

My .02

Jeff

I would have to agree with you. Now i don't live paycheck to paycheck but i live on little money and have little money saved. Lot of peoples misery and fear are based on their desires, i try to tune my desire to things more reasonable, i don't want to get to greedy on things that are not needed. Honestly I think that when the grids go down money and possibly Gold and Silver will have no value at all. People will only be interested in things that will help them live and survive. So i say stock up on beer, medicine, vitamins, long lasting foods, power and drugs.

[peacelovinman]

Can someone please explain to me what value gold and silver will be after an economic meltdown? These things only have value because, like the fiat currencies, someone somewhere has decided they have value.

I ca't eat, drink or use gold/silver in any way to enhance my life, other than to use it to "buy" resources from someone who has decided the gold/silver has some kind of value.

I can see much more sense in using what fiat currency we have to buy things of real worth, commodities that can be used for survival.

[Zynox]

Gold, Silver and other storage and exchange formats of 'wealth' will not, by themselves, taste good, keep one warm or provide basic survival sustenance.

That stated, a review of history reveals that since time recorded, or at least the recordings we have access to, precious metals have been the vehicle that stored wealth was mutually agreed upon, and it is also the mechanism of juice that was used in exchange as communities (and kingdoms) re-established after upheaval transitions. I haven't found any evidence that this has not always been the case, but, sure, it could be different this time, though I doubt it.

Look at modest and distributed precious metals as one of the tools and resources to get from here, to there ... also, if only the elite held precious metals, whom do you think would be 'in charge' after a transitory upheaval, and what sort of society do you feel they would want to (Re)implement?

I don't fear the powers will outlaw precious metal ownership again, like prohibition, I think some lessons were learned, but, the sheer fact that they did once outlaw it (except for their internal and banking uses) leads me to feel they understand the undifferentiated power of precious metals. By undifferentiated, I mean, the metal is neither good nor evil, simply a tool, like a guitar, a hammer or a fact.

Namaste!

[peacelovinman]

I understand where you are coming from Zynox, but I would assert that the re-establishment of communities after upheaval put the very same people in power once again, to play the same money games.

Is it not the case that, as the ruling elite own the vast majority of precious metals, they would be in control of any new system based upon it?

[JSErwine]

Putting all your "disaster" investment in food and supplies would be suicidal. There are so many circumstances I can think of that would render a stockpile useless,it's like putting all your eggs in 1 basket.

If something happens and you need to get the heck out of dodge, a sack of gold and silver takes a lot less room than closets full of food.

My .02

Jeff

[Zynox]

Originally Posted by peacelovinman

I understand where you are coming from Zynox, but I would assert that the re-establishment of communities after upheaval put the very same people in power once again, to play the same money games.

Is it not the case that, as the ruling elite own the vast majority of precious metals, they would be in control of any new system based upon it?

Thank you for this question.

I am but one that follows my heart, and intend it to be a heart of gold. I inform as I act, and act as I inform. I want to level the playing field as much as possible, I welcome a debate with the elite, though they don't return my calls.

So, I promote that we all retain some wealth in this 'passover' in the form of recognized long term defined vehicle of precious metals ... otherwise, they who had will be those who will still have.

If we want opportunity to create a new vision, I recommend we use every tool available in responsible fashion, and gold is one of these.

Michael has briefly alluded in passing that gold also has a vibration we may learn from and use, and I felt that as a small child.

Namaste!

[Kate]

personally, i normally,
do NOT keep more than about
3 months ahead, in the bank

the rest, i use, to invest into things
and, turn those things,
for a modest profit

This is a VERY GOOD tip and rule of thumb...keep it simple folks...keep minimal in bank and re-invest the rest!!
namaste
fire