OT: I withdrew all my cash today

[BuyerWillEPB]

Forgot to mention one other thing.

I was keeping all my emergency cash in the new ‘Online savings’. I used accounts such as HSBC Direct, FNBO Direct, ING online…

A couple of years ago, it was a saver’s dream because all these banks were competing against each other for cash. Interest rates were sweet for awhile (~6%). But now they have all dropped their interest payments to below 1.5% probably due to the fact that the Fed is doling out cash for free at 0%.

So the extremely low rate of return was pissing me off. But my real concern that I forgot to mention before was regarding the safety of these ‘Online’ and ‘Direct’ accounts over the internet. Granted they all claim to be FDIC insured, but this is a whole new internet ball game which hasn’t been tested yet.

Any legal eagles out there know of cases involving online internet banking accounts?

[socrattt]

I just took out my last $71.42 and buried it like a treasure :).

The idea of something happening to your money is not that far fetched, but it is well in line with an idea of a doomsday scenario. If you have a problem with getting your money from your bank or insurance from the FDIC, chances are we will be in the middle of a catastrophic sized financial problem in this country and you will have much more to worry about than paper. You will need to provide food for you and your family amongst other things.

So the question lies, is it smarter to do a run on the banks or stock up on necessities? I just ran into a gentleman who owns 1 million pounds of wheat! Yes, I said that correctly 1 million pounds. He seemed to be somewhat of a normal person, but just felt as though the agricultural market and commodity market is on the brink of some major changes. Wheat has an incredible shelf life and as times get more difficult maybe stocking up on these types of things will be more valuable than a piece of paper. Just my two cents.

The more I dissect the issue of what could happen the more I realize that my worry no longer becomes one of finances, but much more of protecting my family and making sure there is food on the table. At the end of the day money means very little including silver and gold as you can’t eat it (I own plenty, but that’s reality).

[socrattt]

I just took out my last $71.42 and buried it like a treasure :).

The idea of something happening to your money is not that far fetched, but it is well in line with an idea of a doomsday scenario. If you have a problem with getting your money from your bank or insurance from the FDIC, chances are we will be in the middle of a catastrophic sized financial problem in this country and you will have much more to worry about than paper. You will need to provide food for you and your family amongst other things.

So the question lies, is it smarter to do a run on the banks or stock up on necessities? I just ran into a gentleman who owns 1 million pounds of wheat! Yes, I said that correctly 1 million pounds. He seemed to be somewhat of a normal person, but just felt as though the agricultural market and commodity market is on the brink of some major changes. Wheat has an incredible shelf life and as times get more difficult maybe stocking up on these types of things will be more valuable than a piece of paper. Just my two cents.

The more I dissect the issue of what could happen the more I realize that my worry no longer becomes one of finances, but much more of protecting my family and making sure there is food on the table. At the end of the day money means very little including silver and gold as you can’t eat it (I own plenty, but that’s reality).

[socrattt]

I just took out my last $71.42 and buried it like a treasure :).

The idea of something happening to your money is not that far fetched, but it is well in line with an idea of a doomsday scenario. If you have a problem with getting your money from your bank or insurance from the FDIC, chances are we will be in the middle of a catastrophic sized financial problem in this country and you will have much more to worry about than paper. You will need to provide food for you and your family amongst other things.

So the question lies, is it smarter to do a run on the banks or stock up on necessities? I just ran into a gentleman who owns 1 million pounds of wheat! Yes, I said that correctly 1 million pounds. He seemed to be somewhat of a normal person, but just felt as though the agricultural market and commodity market is on the brink of some major changes. Wheat has an incredible shelf life and as times get more difficult maybe stocking up on these types of things will be more valuable than a piece of paper. Just my two cents.

The more I dissect the issue of what could happen the more I realize that my worry no longer becomes one of finances, but much more of protecting my family and making sure there is food on the table. At the end of the day money means very little including silver and gold as you can’t eat it (I own plenty, but that’s reality).

[socrattt]

I just took out my last $71.42 and buried it like a treasure :).

The idea of something happening to your money is not that far fetched, but it is well in line with an idea of a doomsday scenario. If you have a problem with getting your money from your bank or insurance from the FDIC, chances are we will be in the middle of a catastrophic sized financial problem in this country and you will have much more to worry about than paper. You will need to provide food for you and your family amongst other things.

So the question lies, is it smarter to do a run on the banks or stock up on necessities? I just ran into a gentleman who owns 1 million pounds of wheat! Yes, I said that correctly 1 million pounds. He seemed to be somewhat of a normal person, but just felt as though the agricultural market and commodity market is on the brink of some major changes. Wheat has an incredible shelf life and as times get more difficult maybe stocking up on these types of things will be more valuable than a piece of paper. Just my two cents.

The more I dissect the issue of what could happen the more I realize that my worry no longer becomes one of finances, but much more of protecting my family and making sure there is food on the table. At the end of the day money means very little including silver and gold as you can’t eat it (I own plenty, but that’s reality).

[socrattt]

I just took out my last $71.42 and buried it like a treasure :).

The idea of something happening to your money is not that far fetched, but it is well in line with an idea of a doomsday scenario. If you have a problem with getting your money from your bank or insurance from the FDIC, chances are we will be in the middle of a catastrophic sized financial problem in this country and you will have much more to worry about than paper. You will need to provide food for you and your family amongst other things.

So the question lies, is it smarter to do a run on the banks or stock up on necessities? I just ran into a gentleman who owns 1 million pounds of wheat! Yes, I said that correctly 1 million pounds. He seemed to be somewhat of a normal person, but just felt as though the agricultural market and commodity market is on the brink of some major changes. Wheat has an incredible shelf life and as times get more difficult maybe stocking up on these types of things will be more valuable than a piece of paper. Just my two cents.

The more I dissect the issue of what could happen the more I realize that my worry no longer becomes one of finances, but much more of protecting my family and making sure there is food on the table. At the end of the day money means very little including silver and gold as you can’t eat it (I own plenty, but that’s reality).

[Effective Demand]

FDIC won’t go broke, it has a $100 billion line of credit with the Treasury.

But ok, lets play along, no banks.

Why not bond funds or money markets? No? Can’t have your money in them because America is going under? But you have a bunch of US DOLLARS stuffed in your mattress.. makes sense to me.

If you are really that paranoid about everything going to hell then the only things you should be buying is guns, ammo, MREs and a farm with good fields of fire and its own well.

[Effective Demand]

FDIC won’t go broke, it has a $100 billion line of credit with the Treasury.

But ok, lets play along, no banks.

Why not bond funds or money markets? No? Can’t have your money in them because America is going under? But you have a bunch of US DOLLARS stuffed in your mattress.. makes sense to me.

If you are really that paranoid about everything going to hell then the only things you should be buying is guns, ammo, MREs and a farm with good fields of fire and its own well.

[Effective Demand]

FDIC won’t go broke, it has a $100 billion line of credit with the Treasury.

But ok, lets play along, no banks.

Why not bond funds or money markets? No? Can’t have your money in them because America is going under? But you have a bunch of US DOLLARS stuffed in your mattress.. makes sense to me.

If you are really that paranoid about everything going to hell then the only things you should be buying is guns, ammo, MREs and a farm with good fields of fire and its own well.

[Effective Demand]

FDIC won’t go broke, it has a $100 billion line of credit with the Treasury.

But ok, lets play along, no banks.

Why not bond funds or money markets? No? Can’t have your money in them because America is going under? But you have a bunch of US DOLLARS stuffed in your mattress.. makes sense to me.

If you are really that paranoid about everything going to hell then the only things you should be buying is guns, ammo, MREs and a farm with good fields of fire and its own well.

[Effective Demand]

FDIC won’t go broke, it has a $100 billion line of credit with the Treasury.

But ok, lets play along, no banks.

Why not bond funds or money markets? No? Can’t have your money in them because America is going under? But you have a bunch of US DOLLARS stuffed in your mattress.. makes sense to me.

If you are really that paranoid about everything going to hell then the only things you should be buying is guns, ammo, MREs and a farm with good fields of fire and its own well.

[Effective Demand]

Dupe.

[Effective Demand]

Dupe.

[Effective Demand]

Dupe.

[Effective Demand]

Dupe.

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