Feds: Banks Should Call Police if Customer Withdraws More Than $5k in Cash

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max420thc

Well-Known Member
panhead said:
You stated 2 very sad issues , one where most Americans have less than $1,000 in the bank , the other being government thinks anybody with $5k is a criminal , I'd be willing to bet many of the low account balance folks keep money at home like we do .

I leave very little in our accounts & prefer to keep 90% of our liquid assets in safes , that's why the whole $5k deal pisses me off , it isn't alot of money & I withdrawal at least that much every month .

I highly suggest people use safes vs banks , even a shoe box is better .
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I sure as hope to hell you do not keep it all in worthless green back dollars,
The federal reserve has printed trillions upon trillions of dollars with nothing to back them and issuing them into the economy at almost a zero % interest rate for ,,around 7 years now,LOL imagine that,, about the time obamao hitler got elected,
Do you know what something is worth if you can get it for free?
The same thing the federal reserve is doing now, printing money and propping up a false economy has been tried in the past,
Do you know what happens when the press is up or people become aware of what is going on>?
Do you know what happens when the printing press stops?
It ends up being kind of like a fucked up game of musical chairs where you have three hundred million people all trying to get to the last chair.
The one person who gets the chair gets to eat, the rest starve,
 
UncleBuck

UncleBuck

Well-Known Member
max420thc said:
I sure as hope to hell you do not keep it all in worthless green back dollars,
The federal reserve has printed trillions upon trillions of dollars with nothing to back them and issuing them into the economy at almost a zero % interest rate for ,,around 7 years now,LOL imagine that,, about the time obamao hitler got elected,
Do you know what something is worth if you can get it for free?
The same thing the federal reserve is doing now, printing money and propping up a false economy has been tried in the past,
Do you know what happens when the press is up or people become aware of what is going on>?
Do you know what happens when the printing press stops?
It ends up being kind of like a fucked up game of musical chairs where you have three hundred million people all trying to get to the last chair.
The one person who gets the chair gets to eat, the rest starve,
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are you still blathering?

don't you have some chalk to eat?
 
panhead

panhead

Well-Known Member
max420thc said:
I sure as hope to hell you do not keep it all in worthless green back dollars,
,
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No matter how you put money away there is risk , as of now there are no indicators that the US $ is gonna fall off the map in the near future , we have some gold & silver but the bulk of it is cash & will stay cash until there is a reason to convert .

Right now this is the best way to put away money .
image.jpg
 
M

max420thc

Well-Known Member
my son was telling me about it, How its not taxable or traceable , I told him hell no the government isn't going to let someone cut in on their action,
Not without getting tax on it, the next day in the news LOL.
HELL NO these people are not cutting in on our action
 
M

max420thc

Well-Known Member
panhead said:
No matter how you put money away there is risk , as of now there are no indicators that the US $ is gonna fall off the map in the near future , we have some gold & silver but the bulk of it is cash & will stay cash until there is a reason to convert .

Right now this is the best way to put away money .
View attachment 3388828
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1922

(reduced image, click on image for full size view)
10,000 Mark January 19, 1922 Reichsbanknote
Image reduced approximately 50%, note size 210mm x 124mm
In early 1922 10,000 Mark would buy over 250 Pounds of Meat.
By the end of the year it would buy only 5 pounds of Meat.
In June bread is 3.50 Mark a loaf.
 
coloradolivin

coloradolivin

Well-Known Member
max420thc said:
my son was telling me about it, How its not taxable or traceable , I told him hell no the government isn't going to let someone cut in on their action,
Not without getting tax on it, the next day in the news LOL.
HELL NO these people are not cutting in on our action
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yep, but because theres no central point to the bitcoin network, the statists cant subpoena the "CEO of bitcoin" anymore than they could sue the "president of the internet". now if they can control and shut down every possible transmission of packets (a true "internet killswitch") we would be fucked, but then there is TOR and meshnets. the market seems like it will always find a solution around bureaucratic inefficiency
 
Padawanbater2

Padawanbater2

Well-Known Member
panhead said:
Not too much , it has to go somewhere every 6 months & my safe is safer than any bank , it's too damm hard to move large amounts of cash around without paying tax on it multiple times .
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Somewhere like a hole in the ground?

Mind if I ask what you do for a living?

I can think of worse problems to have lol
 
panhead

panhead

Well-Known Member
Padawanbater2 said:
Somewhere like a hole in the ground?

Mind if I ask what you do for a living?

I can think of worse problems to have lol
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No I don't mind at all because it's all legal, my main income is derived from my real estate business , we own 2 self storage facilities & over 2 dozen high end rental properties & some warehouse space we lease out , we also buy upscale foreclosed homes,revamp them & flip them on the market .

I also collect my construction union pension which is over $5k a month & my wife's pension which is about $2k a month , our yearly income is roughly $350k at present & we have no debt or mortgages .

We all ready have everything we want so now we just save , help our kids & donate to 3 charities pretty heavily , we like helping sick kids & animals .
 
Padawanbater2

Padawanbater2

Well-Known Member
panhead said:
No I don't mind at all because it's all legal, my main income is derived from my real estate business , we own 2 self storage facilities & over 2 dozen high end rental properties & some warehouse space we lease out , we also buy upscale foreclosed homes,revamp them & flip them on the market .

I also collect my construction union pension which is over $5k a month & my wife's pension which is about $2k a month , our yearly income is roughly $350k at present & we have no debt or mortgages .

We all ready have everything we want so now we just save , help our kids & donate to 3 charities pretty heavily , we like helping sick kids & animals .
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You're the man, dude. It sounds like you have it figured out
 
panhead

panhead

Well-Known Member
Padawanbater2 said:
You're the man, dude. It sounds like you have it figured out
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Haha , at 62 yrs old there isn't much trial & error left to do , our middle son just quit business school at U of M this year to take over the real estate business & is doing great at it , I'm getting too old to run all over the state dealing with business & my wife needs my constant help now so it was time to step down & let the kids run the show .
 
panhead

panhead

Well-Known Member
see4 said:
I like you @panhead you're a solid dude. And good for you on a very successful life. I'm working my way to that lifestyle. Shouldn't be long now, another 25 years to go! lol. Seriously, good for you man.
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Thank you , from what I know of you & the glimpses I've seen into your real life your well on your way & are a good man at heart & one of the few around here where it isn't all about them , you'll do well of that I'm sure .
 
see4

see4

Well-Known Member
panhead said:
Thank you , from what I know of you & the glimpses I've seen into your real life your well on your way & are a good man at heart & one of the few around here where it isn't all about them , you'll do well of that I'm sure .
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thanks pan, that was nice of you to say.
 
N

NoDrama

Well-Known Member
panhead said:
No I don't mind at all because it's all legal, my main income is derived from my real estate business , we own 2 self storage facilities & over 2 dozen high end rental properties & some warehouse space we lease out , we also buy upscale foreclosed homes,revamp them & flip them on the market .

I also collect my construction union pension which is over $5k a month & my wife's pension which is about $2k a month , our yearly income is roughly $350k at present & we have no debt or mortgages .

We all ready have everything we want so now we just save , help our kids & donate to 3 charities pretty heavily , we like helping sick kids & animals .
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Great for you man. I make about $200K a year from farming over 1,000 acres. I just set the GPS on my tractor, take a nap, then go pick up my government welfare check. They pay $2 an acre to "Not grow crops" AKA create conservation land for plants and animals.

Farming is sooper easy.

I drink myself into a stupor until 4 am, then I sleep in until around noon or so, then its right back onto these boards to troll others day in and day out until I pass out again from the alcohol.

whoops, had a Shirley McClaine moment there.
 
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