I think most people are pulling money to live on due to the high inflation rate. They have no idea the system is in dire straights. And they can't deposit any fiatscos if they need every cent to live on.
Last month Wells Fargo closed one of two branches they had in my Southern Utah town of 40k population. That week the ATM ran out of cash by 10PM on a thursday night. It is happening now.
Yes. I use Sandia Labs Federal Credit Union. Even their ATM’s have not been working properly. The screen just says “This function is unavailable at this time” .
Pulled my 'extra' cash out of 2 banks on Friday. so now I only have enough on deposit to pay bills.
and the only depots are our SSI monthly payments (which pays the bills).
the RISK, is the IRA, can't pull cash from there without substantial TAX implications. :-(
Side note: I spoke to loan officer at FIRST INTERSTATE on Friiday and asked him if 'they' were going to being using FEDNOW. his response "what's FEDNOW?" "I never heard of it". :-O
1) Open an account at UPMA.org. Wire them money; they will buy you American Silver Eagles (which they call Silver Dollars), and store it in their vault. Sale of the metals can be loaded onto a prepaid debit card, which is linked to the account.
2) Open an account with KirkElliottphd.com. Wire them money. They will buy silver for you, and store it in a vault in Texas. When you need cash, call them up and ask them to sell part of the metals. They will either wire you the funds or mail you a check.
A fair point. UPMA has excellent reviews on Google Reviews, and Kirk Elliott has clients all over the globe. But when the poop hits the fan, it could be another story.
Good question. I think it is good to keep junk silver at home, in addition to any vaulted holdings. You can find local farmers on localharvest.org. They will probably accept junk silver after everything goes to hell, but probably not now.....I emailed two of them through localharvest, asked them if they would take junk silver, neither one wrote back.
UPMA.org charges a premium on the American Silver Eagles they buy for you, but no fee when you sell. Their prepaid debit card costs $12 per month, which is high. Kirk Elliott charges 8% commission when they buy for you No fee when you sell. They buy silver rounds rather than American Silver Eagles, which have lower premiums.
As for trust? That is a crap shoot. The old saying is, "If you don't hold it, you don't own it". Lynette Zang keeps her coins in a vault that is walking distance from her house, so she is lucky.
There are no winners in war. Sure the rothschild spirit played and manipulated both sides for pleasure and profit, but would you envy [them] and [their] fate? And if you pull your money out of [them], how valuable will that money be going forward? We do not know. Pray for this broken foolish world and there you will find relief because there is the only good thing who knows the score and does and will rescue us.
I really enjoyed this article and adhere to the sentiment that people are beginning to wake up to the reality of a nefarious and corrupt banking system that acts as a criminal enterprise. Even though a big portion of it may be due to people simply not having the funds.
This is how it is going down. But we need a new means of transacting for after the dollar collapses. Otherwise, they're going to herd everyone into the CBDC prison.
I only keep enough cash in my checking to pay the bills. Everything else went into metals, or other useful items. I was wondering if DeBanked is a better term. Guess I'm part of the Bank Walk!
Thank you. There are liquid precious metals accounts: UPMA.org will link a prepaid debit card to metals you have vaulted with them, and kirkelliottphd.com can sell metals you have vaulted with them, and either wire you the funds, or mail you a check.
I'm guessing a lot of this 'unbanking' is a) actually people burning through their (limited) savings due to inflation and b) has little/nothing to do with concerns over the soundness of the banking system.
I think most people are pulling money to live on due to the high inflation rate. They have no idea the system is in dire straights. And they can't deposit any fiatscos if they need every cent to live on.
Last month Wells Fargo closed one of two branches they had in my Southern Utah town of 40k population. That week the ATM ran out of cash by 10PM on a thursday night. It is happening now.
Yes. I use Sandia Labs Federal Credit Union. Even their ATM’s have not been working properly. The screen just says “This function is unavailable at this time” .
Full faith and credit of a bankrupt insolvent Government.
But won’t un-banking just accelerate the “need” to usher in CBDC? Seems like a lose lose
they WILL implement CBDC 'no matter' what WE do, so focus on what YOU need to do.
CBDC = Mark of the Beast
I think it’s definitely a setup for the infrastructure that will eventually lead to it.
Pulled my 'extra' cash out of 2 banks on Friday. so now I only have enough on deposit to pay bills.
and the only depots are our SSI monthly payments (which pays the bills).
the RISK, is the IRA, can't pull cash from there without substantial TAX implications. :-(
Side note: I spoke to loan officer at FIRST INTERSTATE on Friiday and asked him if 'they' were going to being using FEDNOW. his response "what's FEDNOW?" "I never heard of it". :-O
I just said thanks, and left. WOW.
I only know of 2 ways to get un-banked:
1) Open an account at UPMA.org. Wire them money; they will buy you American Silver Eagles (which they call Silver Dollars), and store it in their vault. Sale of the metals can be loaded onto a prepaid debit card, which is linked to the account.
2) Open an account with KirkElliottphd.com. Wire them money. They will buy silver for you, and store it in a vault in Texas. When you need cash, call them up and ask them to sell part of the metals. They will either wire you the funds or mail you a check.
Are there any other ways????
Why would you let them hold your coin? They’re not above this whole thing!
Good point. Our government doesn't follow it's own laws and could raid the vault
I hear that local coin shops are getting de-banked
Glint stores gold in Australia, if thats sny consolation.
A fair point. UPMA has excellent reviews on Google Reviews, and Kirk Elliott has clients all over the globe. But when the poop hits the fan, it could be another story.
I’m sure they’re reputable, but if you need that silver NOW!……
You just move it to the credit card they provide. I do it with Glint.
Good question. I think it is good to keep junk silver at home, in addition to any vaulted holdings. You can find local farmers on localharvest.org. They will probably accept junk silver after everything goes to hell, but probably not now.....I emailed two of them through localharvest, asked them if they would take junk silver, neither one wrote back.
Eff that.
If you don't hold it, you don't own it.
what do they CHARGE?
how can 'WE" trust these guys not to STEAL our money (when the crap hits the fan)?
UPMA.org charges a premium on the American Silver Eagles they buy for you, but no fee when you sell. Their prepaid debit card costs $12 per month, which is high. Kirk Elliott charges 8% commission when they buy for you No fee when you sell. They buy silver rounds rather than American Silver Eagles, which have lower premiums.
As for trust? That is a crap shoot. The old saying is, "If you don't hold it, you don't own it". Lynette Zang keeps her coins in a vault that is walking distance from her house, so she is lucky.
There are no winners in war. Sure the rothschild spirit played and manipulated both sides for pleasure and profit, but would you envy [them] and [their] fate? And if you pull your money out of [them], how valuable will that money be going forward? We do not know. Pray for this broken foolish world and there you will find relief because there is the only good thing who knows the score and does and will rescue us.
If only I had money to un bank 🖕the Banks
They are the ones that will collapse the banks by their dept buying, so it won't matter if there are bank runs, you just need to protect yourself.
"Give a man a gun... and he can rob a bank"
"Give a man a bank... and he can rob the world"
https://www.commoditytrademantra.com/eurozone/the-great-cyprus-bank-robbery-no-bank-account-is-safe/
I really enjoyed this article and adhere to the sentiment that people are beginning to wake up to the reality of a nefarious and corrupt banking system that acts as a criminal enterprise. Even though a big portion of it may be due to people simply not having the funds.
This is how it is going down. But we need a new means of transacting for after the dollar collapses. Otherwise, they're going to herd everyone into the CBDC prison.
I unbanked in 2020
What did you do exactly to get un-banked? Thanks,
I only keep enough cash in my checking to pay the bills. Everything else went into metals, or other useful items. I was wondering if DeBanked is a better term. Guess I'm part of the Bank Walk!
Thank you. There are liquid precious metals accounts: UPMA.org will link a prepaid debit card to metals you have vaulted with them, and kirkelliottphd.com can sell metals you have vaulted with them, and either wire you the funds, or mail you a check.
QUESTION: So where do people place their money in now, where does it move to? What are ppl choosing to do. Thank you
Physical gold and silver for the millionth time.
100%. And for those so inclined...weed and booze.
Could buy more property. Is that an option. We're considering buying upnor a rental property.
Booze will be great for barter. Hard liquor doubles as an antiseptic.
Hard physical assets
I'm guessing a lot of this 'unbanking' is a) actually people burning through their (limited) savings due to inflation and b) has little/nothing to do with concerns over the soundness of the banking system.
Excellent advice! Most of us should be well on our way to completing this.
🤗😌;
A “Prolonged Freeze” Has Descended Upon The U.S. Economy !!!
https://theeconomiccollapseblog.com/