Preparing For a Run On Banks?

You are not logged in. [Log In] Fool Moon » Forums » Town Meeting » Hot Button Issues » Preparing For a Run On Banks?

Welcome to Fool Moon. Registration is FREE and easy. Please take the time to register on our forum and enjoy our community. Why should you register?

By registering with the forum, you will be able to edit your member profile and preferences. You will get the most out of your time here if you change your profile and preferences to suit your individual tastes. There are many options in your profile to make your experience here more enjoyable, so please take a few moments to try the various settings. Once you've registered and logged in, click "Edit Profile" or "Edit Preference" in the Forum Navigation island to edit your settings. Register now: it's fast, free, and easy!

Sponsors

Shout Box

Good Stuff

Photo Gallery

Page 10 of 11

...

New Reply

Topic Options

Rate This Topic

Hop to:

#309583 - 03/22/10 04:34 AM Re: Preparing For a Run On Banks? [Re: stone]
lizbeth loyal member Registered: 11/29/06 Loc: PNW	I think I said that the money owed was to the Social Security fund that people now say is bankrupt. The SSF holds a lot of markers, which are gaining interest as time goes on. The Federal government took our SS tax monies--borrowed them--for other projects so as not to go into foreign debt. But we still hold the IOU's in the form of interest bearing 'bonds' that will ultimately have to be paid off. This isn't money owed to the Federal Reserve, it's money owed to us. _________________________ Tomorrow's just your future yesterday. Craig Ferguson
Top	Reply Quote Quick Reply Quick Quote

#309598 - 03/23/10 12:33 AM Re: Preparing For a Run On Banks? [Re: lizbeth]
Chocolategenii Domestic Affairs Moderator Registered: 10/03/06 Loc: California	Originally Posted By: Stone it essentially it is. And so what? What are they going to do? Pull out of the United States Once your check written to "The US Dept. of Treasury" is deposited into the Federal Reserve Bank it becomes property of the bank. It is NOT essentially "ours" ...although the delusion exists among US taxpayers that money is "theirs". It is not. What are they going to do? Keep cashing your and my checks each year. And so what? so encourage Congress to rid the US of this corrupt system and take direct deposts from US taxpapyers ...for starters. _________________________ "All things are our relatives; what we do to everything, we do to ourselves. All is really ONE." Lakota leader Black Elk
Top	Reply Quote Quick Reply Quick Quote

#309601 - 03/23/10 02:42 AM Re: Preparing For a Run On Banks? [Re: Chocolategenii]
lizbeth loyal member Registered: 11/29/06 Loc: PNW	I'm not sure I understand. Do our tax monies go into the Federal Reserve Bank? I didn't know that before. I'm serious. I knew they had to go somewhere but not into the Federal Reserve Bank, which I thought was meant to hold monies in 'reserve' (drawing interest, I would hope) until needed. Did the Federal Reserve get hit by the Depression/Recession/Financial Meltdown? Can you please post a site wherein I can learn more? _________________________ Tomorrow's just your future yesterday. Craig Ferguson
Top	Reply Quote Quick Reply Quick Quote

#309869 - 03/31/10 11:13 AM Re: Preparing For a Run On Banks? [Re: Cy_Click]
Cy_Click Can you hear me now? Registered: 08/08/06 Loc: Minneapolis,MN	Originally Posted By: Cy_Click P.S. The bank did say they would refund any incidentals. For instance, if I was overdrawn by $3.00 because of the added $5.00 they would reverse the overdraft created by this mistake. Of course they would as they should. But if they'd posted the amount of the check rather than the mistaken amount, I believe they have that capability, I would feel better served than I do by them forcing me to catch the mistake, deal with the shame of an overdraft, do without the difference while they correct the mistake and generally do the job of banking which I assume they are also capable of. I mean I'm paying them $35.00 on a $2.00 loan after all. In the end, I gained $10.33.
Top	Reply Quote Quick Reply Quick Quote

#309884 - 03/31/10 02:12 PM Re: Preparing For a Run On Banks? [Re: Cy_Click]
Dax Administrator Registered: 08/01/99 Loc: New York, NY (New York)	I heard a story on the news recently about a couple who found their bank account mistakenly credited with eight billion dollars! Instead of wire-transferring the money to the Cayman Islands and taking off for Brazil, the couple reported the error to the bank. The bank then froze their account--not just the eight billion, but their own funds as well. No good deed, etc...
Top	Reply Quote Quick Reply Quick Quote