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Can a bank confiscate your deposits? The War on Cash.
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<p>[QUOTE="19Lyds, post: 2216346, member: 15929"]To me, the OP sounds suspiciously like a gold/silver bullion salesman as this is exactly the tactic they take to "scare" folks into buying gold and silver.</p><p><br /></p><p>I find these posts boring and deceitful simply because there is no specific recognition of the Federal Reserve Bank which in actuality, is the ONLY Bank in this country.</p><p><br /></p><p>Let's say that an individual has $178,591 dollars on deposit at "the Bank".</p><p>This post, more or less, is designed to scare that individual into "believing" that the $178,591 is at "risk" simply because it is on deposit at a Bank which could go belly up.</p><p><br /></p><p>EXACTLY what is a person to do?</p><p><br /></p><p>Withdraw all the deposits demanding "cash"?</p><p><br /></p><p>I expect that this is exactly the intent of the letter at which point the individual is encouraged to put that money into a safe haven, such as gold bullion, for the future.[/QUOTE]</p><p><br /></p>
[QUOTE="19Lyds, post: 2216346, member: 15929"]To me, the OP sounds suspiciously like a gold/silver bullion salesman as this is exactly the tactic they take to "scare" folks into buying gold and silver. I find these posts boring and deceitful simply because there is no specific recognition of the Federal Reserve Bank which in actuality, is the ONLY Bank in this country. Let's say that an individual has $178,591 dollars on deposit at "the Bank". This post, more or less, is designed to scare that individual into "believing" that the $178,591 is at "risk" simply because it is on deposit at a Bank which could go belly up. EXACTLY what is a person to do? Withdraw all the deposits demanding "cash"? I expect that this is exactly the intent of the letter at which point the individual is encouraged to put that money into a safe haven, such as gold bullion, for the future.[/QUOTE]
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