What will you do when the banks in this country blocks your accounts? What if the bank limits your withdrawals to $300 per day as is being discussed? Most people do not understand the law: you do not own the money once it is deposited in a bank. Did you ever hear the terms “bail-in”, “ZIRP”, “NIRP” or “haircut” in regard to people’s bank accounts in the past?
And why do you have money in fiat currency that is paying 0.1% interest? Convert to hard assets that you can eat, shoot, read or barter.
David DeGerolamo
Macedonia Central Bank Blocks Greek Bank Withdrawals “In Case Of Grexit”
The bank runs (and capital controls) begin. Macedonia Central Bank Governor Bogov states:
- *GREEK BANKS IN MACEDONIA CAN’T WITHDRAW CASH: BOGOV
- *MACEDONIAN BANKS PROTECTED IN CASE OF GREXIT: BOGOV
How long before the rest of Europe follows suit and a bank holiday is declared Monday to “Cyprus” depositors?
He further added:
- *MACEDONIAN CENTRAL BANK SEES MAJOR RISKS FROM POLITICAL CRISIS
Just to be clear, this withdrawal halt is protection against a worst case scenario… BUT, by imposing capital controls you are ASSURING a worst case scenario occurs!!
- EU Readies for Default as Tsipras Drives Greek Finances to Brink (BBG)
- Greece Can’t Plan a Barbecue, Let Alone a Currency, Nielsen Says (BBG)
- IMF quits Greece talks amid ‘air of unreality’ as deal unravels (FT)
- Greece Counts Cost of One Man’s Gamble (BBG)
- Merkel urges Greece and creditors to keep pushing for deal (Reuters)
- Fearful ECB starts countdown on Greek funding lifeline (Reuters)
- Greek stocks suffer further pummelling (FT)
Cash only for me. Will never keep $ in a bank again.
take all your money out of the bank and do it in increments, because if you take out large sums everyday ,lets say over 5,000.00 dollars, you can be rest assured someone at the bank will call the DHS and the IRS, so begin doing it now and take money out every 5-6 days apart in varying amounts under $4,000.00, so it wont raise any flags. just remember, its your money and if they say anything then tell them to close your account and take the bank check and re-deposit it with another bank , and at that time take a large sum out in cash and begin the process all over again until all your money is out of the crooked banks. keep in mind , banks are paying no interest at all , so what ever they tell you its all bull crap, we are depositing money into there banks with no return and then they take your money and invest it to make more money and if they falter on those investments, they can take your money from your account to cover those losses as per the Federal Judge in New York.
Our government has already started and planning for this They want your money. They can not borrow anymore. The printing press is broke.