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Carolina Readiness
Safety and Preparedness
NC Renegade encourages everyone to become self sufficient and continue education in all forms of safety and preparedness. The best overall site for this topic is Survival Blog by James Wesley Rawles. We strongly encourage you to visit this site and take advantage of its broad knowledge base.
Another excellent resource is Prep Tips.
Tag Archives: Bank Run
Unsecured Depositors Of The World, Unite… And Get The Hell Out Of These Countries
Based on the most recent data, JPMorgan notes that the share of large or uninsured deposits is likely to be close to half of total deposits in the European Union. With deposits already flowing out of some of the peripheral … Continue reading
Posted in Editorial, Financial
Tagged Bank Run, Economic Collapse, Unsecured Deposits
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Coming to a Bank Near You
What would you do if the banks are closed for a bank holiday, the ability to withdraw money is limited and credit cards are not accepted. Ask the people in Cyprus. David DeGerolamo Pictures From A Cyprus ATM Line For … Continue reading
BANK RUN IN PROGRESS? MASSIVE $114B WITHDRAWN FROM 25 LARGEST US BANKS FIRST WEEK OF JANUARY!
SD contributor AGXIIK warned readers months ago about the FDIC’s expanded deposit insurance which was set to expire Dec 31st, predicting that the expiring expanded deposit insurance enacted in the wake of the 2008 financial panic could trigger a bank run. … Continue reading
US BANK RUN IMMINENT AS FDIC EXPANDED DEPOSIT INSURANCE ENDS DEC 31ST
With the media fixated on the fiscal cliff, no one seems to be noticing the fact that the FDIC’s expanded 100% coverage for insured deposits ends January 1st, 2013. As of January 2013 the FDIC stops offering 100% coverage for all … Continue reading
US BANK RUN IMMINENT AS FDIC EXPANDED DEPOSIT INSURANCE ENDS DEC 31ST
Submitted by SD Contributor AGXIIK: With the media fixated on the fiscal cliff, no one seems to be noticing the fact that the FDIC’s expanded 100% coverage for insured deposits ends January 1st, 2013. As of January 2013 the FDIC stops offering … Continue reading
This Can Happen in the United States
People believe that their savings/investments are safe in the United States. They are not. After MF Global, PFG Best and Sentinel Group examples, our property is not safe. If you have money in an account that is guaranteed by the FDIC, … Continue reading
Posted in Editorial
Tagged Bank Run, Banksia, MF Global, NC Renegade, PFG Best, Sentinel Group
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US BANK RUN IMMINENT AS FDIC EXPANDED DEPOSIT INSURANCE ENDS DEC 31ST
As of January 2013 the FDIC stops offering 100% coverage for all insured deposits. That amounts to $1.6 trillion in deposits, 85-90% deposited with the TBTF mega banks. Once the insurance ramps back to $250,000 the FDIC risk amelioration offered … Continue reading
Spain: For Whom The Bell Now Tolls
For the first seven months of the year the outflow adds up to $368.80 billion or 17.7% of the total bank deposits of Spain and the trajectory of the outflow is increasing dramatically. Reality is reality and Spain is experiencing … Continue reading
Nigeria’s AMCON asks Citi to advise on bank sell-off
By Chijioke Ohuocha LAGOS, Aug 7 (Reuters) – Nigeria’s state-backed “bad bank” AMCON has appointed Citi and Renaissance Capital to determine the value of three lenders it nationalised last year before deciding on the best way to privatise them. AMCON … Continue reading
20 Reasons Why America’s Next Bank Holiday Will Be a Nightmare
The world is on now on the brink of a global credit crisis that could be far worse than the tumultuous events of 2008. The ongoing sovereign debt crisis in the southern reaches of the Eurozone indicate that bank runs in … Continue reading
Greece Is Leaving the Eurozone – Follow the Bank Run
Greece is leaving the Eurozone. Follow the logic: Greece leaves the Eurozone, defaults on all debt and issues a new Drachma after The newly elected Syriza government tells Germany they will not accept any conditions on their sovereignty after The … Continue reading
Posted in Editorial, Financial
Tagged Bank Run, Euro, Eurozone, Greece, NC Renegade, Syriza
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Nationalized Spanish Bank Plummets On News Of Bank Run
Bankia hit by report of withdrawals Shares in Bankia, the Spanish bank that was part-nationalised last week, plunged by more than a quarter on Thursday morning, after a report that customers had withdrawn €1bn from the bank over the past week. The … Continue reading
Goldman Sachs Fears Massive European Bank Run
“It’s only after we’ve lost everything that we’re free to do anything.” ― Chuck Palahniuk, Fight Club Goldman Sachs is concerned about a massive bank run across Europe, and is taking on very little risk as a result, according to a … Continue reading
Posted in Civil Unrest, Editorial, Financial
Tagged Bank Run, Economic Collapse, Goldman Sachs, NC Renegade
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