POLL: For US "bank crisis" what would YOU do?

Cyprus is now having a "bank holiday." (If you don't know what that is, please learn. Google is your friend. It's worth understanding the implications and having a backup plan.)

If the US has a sudden & surprise "bank holiday" (currency crisis) will you try to withdraw as much Paper money as you can to buy PMs and/or to buy food and essentials in the meantime?

 

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I would rob the homes of all the bank executives, during the riot that would happen. I figure the banker and all the cops in town would be at the bank, leaving the rest of the place unprotected. I could rest assured that the bankers got their money out beforehand and would have it at home. :ninja:

 

My great great grandmother lost her life's savings in 1933 - ever since then my family hasn't been too keen on keeping more than a reasonable amount of money in banks.

 

Who keeps real money in a bank?

 

I would go on a murderous rampage, or maybe finish my classic commemorative set. not sure which one first.

 

But the FDIC guarantees all deposits up $100,000...........:devil:

 

Would it be impertinent/tasteless to suggest you might do both at some fly-over state coinshow?

 

Used to, it was raised to $250K. My thoughts if you have that sum of dosh that you keep it out of sight and mind. Just sayin'.

 

No way in [censored] I'd keep that kind of cash in a bank..........

 

Also worth noting the increase to $250k only covers deposits in non-interest bearing accounts.

I couldn't pick any of the poll options, as none of them reflect my strategy. I am closest to the last choice, but only because I already have PM. I suspect that option may be used by some as a case against PM.

It would also depend on the nature of the crisis and what my predictions for the future are. If they are dire, I might choose option one. If they are not so dire, I might choose number two or three.

 

In the case of a real economic emergency it would be best to be well-stocked with comestibles. PMs might give you a bit of heartburn.

 

Maybe Cyprus would have felt less pain by getting a bailout from Russia - in return for air and naval bases to make up for their soon to be loss of a base in Tartus Syria. Maybe they could have opened up their bases right next to the British bases there.

There is always negotiating with Russia - just like China will do with the USA come what may.

 

If the US goes, Canada won't be far behind. I've been re-watching all the Walking Dead episodes and taking notes...

 

Already cashed out my 401K and try to keep only a bare minimum of cash in the bank - the system is screwed, get out while you can~

 

I didn't pick any of the choices. I already have a stock of food, water, fuel, ammo at home now. everybody should, don't need to go all doomsday preppers but a good supply. I've been thru 2 flood situations where the supermarkets were empty in a day and the water was foul. I have cash outside the bank all the time and never a lot in. you won't get much of a warning in an emergency. at least have a booze stash, that'll help.

 

Amen brother.........

 

The way the current administration acts and deals with things, I don't even think there would have to be a crisis for them to feel entitled enough to take what they feel like....you know, because they know what's best for you...

 

Oh dear. Gird your loins dear fellows.........

 

It's not the bank I worry about. It's the stock and bond assets including your home. No way to quickly get to the value locked up in them. All your retirement accounts are tied up as well. Those items are where the real wealth lies.

 

I'd just rely on my trusty old Red Ryder carbine-action, 200-shot, range model air rifle. Lucky I got a compass in the stock.