All Legal Bank Deposit Protections Are Now Officially Gone -- Hot to Act!

[TargeT]

BTW, the US doesn't need gold reserves while oil is still predominately sold in USD....



OIL is our currency reserve (untill that changes), I'd say we are actualy the LEAST threatened (due to that fact ALONE, if that changes the USA is the MOST vulnerable IMO)

[gripreaper]

Let's see. Did you give the bank your social security number when you opened your account? Did you open an "interest" bearing account, both checking and savings?

Then, the debt instruments which are not moving through commerce, but are temporarily "parked" without velocity, belong to the general UNITED STATES, as all promissory notes in commerce are backed by the good faith and credit of the UNITED STATES Corporation, hypotecated and secured by YOU as the surety for these public debt instruments we call Federal Reserve Promissory Notes.

Where do we get the notion that this has any value and should be piled up in a bank account? UNLESS you deposit lawful money, NOT legal tender, in a NON-interest bearing account under "Special Deposit", without any attachment to the government through your slave number, which then sequesters these lawful funds from the banks general account, and designates them as YOURS, then you have NOTHING.

So, go ahead and rush to your bank and pull those promises out and turn them into tangibles. OR, at the very least, realize what all you energy went to and how it was vampired.

[9eagle9]

I have no clear evidence that gold will be worth anything. After all we aren't the ones who are assigning a value to it, they are. If the dollar collapses its not like we are going to be handed automatic authority to determine what is valuable and what isn't. They may undermine gold too or outlaw it (done it before you know).

I'm sticking by my still. Alcohol is where I'd be ..(making it for bootleg market, not necessarily drinking it).

[ThePythonicCow]

Posted by 9eagle9 (here)
I'm sticking by my still. Alcohol is where I'd be ..(making it for bootleg market, not necessarily drinking it).

... and if that market does go to hell, at least you can drown your sorrows .

¤=[Post Update]=¤

Posted by gripreaper (here)
So, go ahead and rush to your bank and pull those promises out and turn them into tangibles. OR, at the very least, realize what all you energy went to and how it was vampired.

I approve that plan .

[jackovesk]

Posted by TargeT (here)
BTW, the US doesn't need gold reserves while oil is still predominately sold in USD....

OIL is our currency reserve (untill that changes), I'd say we are actualy the LEAST threatened (due to that fact ALONE, if that changes the USA is the MOST vulnerable IMO)

The 'above' is unlike you TargeT...

Your generally pretty good on this type of stuff, but your starting to take your eye off the ball on this one...

I won't provide you with the answer, your smart enough to do your own research...

However, the hint is...

My bet is that 'Max Keiser' knows a little more about what America's real vulnerabilities are, than either you or I do...

• You seem to forget how the NWO Globalist Elite operate..?
• You seem to forget how many Countries have dropped the US Petro Dollar lately..?

You could also look-up the 'Business Insider' article posted by 'AlternativeInfoJunky' as a complete MSM fabrication e.g.

Business Insider

Business Insider has been criticized by bloggers Felix Salmon and Marco Arment for alleged over-aggregation in the way that it publishes third party content directly on its website.[6][7] Business Insider's CEO and Editor-in-Chief Henry Blodget defended the website's aggregation method.[8]

Contributors
The site editors vary greatly in background. Henry Blodget is the CEO and Editor-In-Chief, a Yale graduate who previously worked on Wall Street before being barred from the securities industry after a conviction for securities fraud.[9] Former senior writer Dan Frommer is a Northwestern graduate who joined from Forbes. Deputy editor Joe Weisenthal has worked as an analyst and writer for a series of dotcoms.[10] Deputy editor Nicholas Carlson previously worked at Internet.com and Gawker Media's Silicon Valley gossip blog, Valleywag.com.

http://en.wikipedia.org/wiki/Business_Insider

[TargeT]

I did not mean to infer that "all is well"

The biggest oil-trading partners in the world, China and Saudi Arabia, are still using the petrodollar in their transactions. How long this will persist is a very important question. China imported 1.4 million barrels of oil a day from Saudi Arabia in February, a 39% increase from a year earlier, and the two countries have teamed up to build a massive oil refinery in Saudi Arabia. As the nations continue to pursue increased bilateral trade, at some point they will decide that involving US dollars in every transaction is unnecessary and expensive, and they will ditch the dollar.

http://lewrockwell.com/orig13/katusa2.1.1.html

But untill certain things change, the US is going to be a very hard economy to "crash" with the rest of the world holding up our currency, some countries even USE USD as their offical currency..

As I live in an "oil state" I do keep pretty good tabs on this topic, so far nothing has shifted enough to make a dent in the US's emperical tax (forcing the world to buy oil in dollars)... our horribly out of control finance institutions are a problem, but they need a bit more than that to crash the dollar as it is; perhaps the IMF will step up, perhaps not.

I feel pretty secure (for the next 3 months at least) baring any changes to the current global-economic situation.


When the tide turn in the oil trade however, I foresee a RAPID decline for the U.S. economy.

[9eagle9]

In this market you have to have a back up plan *hic*

Posted by Paul (here)

Posted by 9eagle9 (here)
I'm sticking by my still. Alcohol is where I'd be ..(making it for bootleg market, not necessarily drinking it).

... and if that market does go to hell, at least you can drown your sorrows .