Results 1 to 11 of 11

Thread: So when does the run on the banks begin?

  1. #1
    Guns Network Contributor 01/2015 Altarboy's Avatar

    Join Date
    Jul 2010
    Posts
    4,324

    So when does the run on the banks begin?

    My guess is tomorrow.

  2. #2
    Administrator imanaknut's Avatar

    Join Date
    Jul 2010
    Location
    Indiana, a state that is trying to remain free.
    Posts
    10,766
    No need to run on the banks since cash is pretty much obsolete.

  3. #3
    Team Guns Network Silver 04/2013 alismith's Avatar

    Join Date
    Jul 2010
    Location
    44th "Free" State
    Posts
    12,026
    Quote Originally Posted by Altarboy View Post
    My guess is tomorrow.
    What's so special about "tomorrow?"
    "Valar morghulis; valar dohaeris."

    "Never say, "gun control" but instead say, "victim disarmament." - L Neil Smith

    Making good people helpless won't make bad people harmless.

    Freedom isn't free.

    "Attitude is the paintbrush that colors our world." TV Series, Haven.

    My Spirit Animal has rabies.

    I'd rather be an American than a Democrat.

  4. #4
    Senior Member tank_monkey's Avatar

    Join Date
    Sep 2010
    Location
    Kalifornia
    Posts
    6,073
    Quote Originally Posted by alismith View Post
    What's so special about "tomorrow?"
    Why would there be a run on the banks? A run implies a loss of confidence in our financial institutions.

    If anything, people are losing money on the stockmarket (but it WILL come back) but this is NOTHING like the Savings and Loans disaster of the 90s where 1,043 out of the 3,234 institutions collapsed. I remember also in 2008 when there was a scare where banks might close (thanks to the idiot lending practices forced on the banks by Senators Dodds and Frank). So far, nothing like that.

    Our money will be sitting in our banks in the short term. Society has to totally collapse for things like BANKS to crumble.

    None of the banks in any other countries have failed. If anything the hospitals will collapse and start turning away patients to die.

  5. #5
    Guns Network Contributor 01/2015 Altarboy's Avatar

    Join Date
    Jul 2010
    Posts
    4,324
    I didn't say it would make sense. I'm simply looking back at Venezuela, Argentina, and the Balkans. I could be wrong.

  6. #6
    Senior Member

    Join Date
    Mar 2011
    Location
    harms way
    Posts
    14,478
    It's already begun.

    A Bank in Midtown Is Cleaned Out of $100 Bills
    https://dnyuz.com/2020/03/14/a-bank-...-of-100-bills/
    “The two enemies of the people are criminals and government, so let us tie the second down with the chains of the Constitution so the second will not become the legalized version of the first.”
    -Thomas Jefferson

  7. #7
    Senior Member tank_monkey's Avatar

    Join Date
    Sep 2010
    Location
    Kalifornia
    Posts
    6,073
    Quote Originally Posted by Altarboy View Post
    I didn't say it would make sense. I'm simply looking back at Venezuela, Argentina, and the Balkans. I could be wrong.
    Ah yes. You're right. I forgot that one should never underestimate the capacity for people to be stupid.

    All you need is a rumor, or just ONE bank to have a momentary delay in getting their cash reserves delivered from the FED and wham, folks act like morons.

  8. #8
    Senior Member

    Join Date
    Mar 2011
    Location
    harms way
    Posts
    14,478
    At this point my biggest fear is asshats from big cities will flee to our more rural environs, and make these peaceful pockets of paradise exact copies of the shitholes they came from.
    “The two enemies of the people are criminals and government, so let us tie the second down with the chains of the Constitution so the second will not become the legalized version of the first.”
    -Thomas Jefferson

  9. #9
    Senior Member Durangokid's Avatar

    Join Date
    Jul 2012
    Location
    Wyoming
    Posts
    900
    The working citizens that have the 401K retirement accounts were hit hard last week. I have investments and am retired. I lost $34,000 dollars in 2 days last week. I stayed in the game and picked up $6,000 today. When the markets drop I buy stock at a bargain price. Bulls or Bears your call?

  10. #10
    Senior Member JTHunter's Avatar

    Join Date
    Jul 2010
    Posts
    3,457
    Quote Originally Posted by 5.56NATO View Post
    It's already begun.

    A Bank in Midtown Is Cleaned Out of $100 Bills
    https://dnyuz.com/2020/03/14/a-bank-...-of-100-bills/
    You should never concentrate on one (or even two) denominations. A mix of $20s, $50s, and $100s is best. Having $5s and $10s would be nice but really unnecessary as the $20s and $50s will give you enough of those when used to pay for whatever.
    “I have little patience with people who take the Bill of Rights for granted. The Bill of Rights, contained in the first ten amendments to the Constitution, is every American’s guarantee of freedom.” - - President Harry S. Truman, “Years of Trial and Hope”

  11. #11
    Senior Member tank_monkey's Avatar

    Join Date
    Sep 2010
    Location
    Kalifornia
    Posts
    6,073
    Quote Originally Posted by JTHunter View Post
    You should never concentrate on one (or even two) denominations. A mix of $20s, $50s, and $100s is best. Having $5s and $10s would be nice but really unnecessary as the $20s and $50s will give you enough of those when used to pay for whatever.
    i was wondering about that. Benjamins / C Notes / 100 dollar bills are probably not good for most cash transactions. People won't have change. A lot of people are suspicious of them. HELL, I get a weird look and my 100 dollar bills get TESTED WITH A PEN by suspicious cashiers everywhere now (even BEFORE the pandemic). So having a stack of 100s if only good if you're looking to throw money at something (like buying a speedboat and getting the hell outta Dodge) or you're fleeing the country LOL. Anyone else think it's weird to only have 100 dollars bills?

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •