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Post by avordvet on Aug 10, 2012 15:35:29 GMT -5
US Banks Told to Make Plans for Preventing CollapseFriday, 10 Aug 2012 07:17 AM U.S. regulators directed five of the country's biggest banks, including Bank of America Corp. and Goldman Sachs Group Inc., to develop plans for staving off collapse if they faced serious problems, emphasizing that the banks could not count on government help. The two-year-old program, which has been largely secret until now, is in addition to the "living wills" the banks crafted to help regulators dismantle them if they actually do fail. It shows how hard regulators are working to ensure that banks have plans for worst-case scenarios and can act rationally in times of distress. www.moneynews.com/StreetTalk/Banks-Plans-Prevent-Collapse/2012/08/10/id/448134
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Post by Michael Downing on Aug 10, 2012 19:56:50 GMT -5
Wonderful. Too bad the general guberment did not pass the same message onto the general public and tell them to have a plan for the coming collapse...
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Post by Sedition on Aug 10, 2012 20:03:41 GMT -5
It's ok...I've been collecting and setting aside some precious metals for a rainy day...
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Post by walfred on Aug 11, 2012 1:35:19 GMT -5
For the bankers I plan on using a .25/.22 or my Katana(it's very sharp)...They aren't worth the good stuff,saving those for the Foreign targets UN/NATO/NWO and any L.E./troops that stand with them!
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Post by safetalker on Aug 11, 2012 18:50:11 GMT -5
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Post by walfred on Aug 11, 2012 23:56:34 GMT -5
The FRN is dead on 12/21/2012(the limit on the FRBNY charter with the US Treasury)......It came up for a closed door committee meeting last year(18month before the end),and they chose to take no action (no discussion or vote on the senate floor to renew the charter with the FRBNY).So it dies on the termination date nearly 99yrs after in was sign(1914) almost to the day.
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magillagorilla
Junior Member
I don't shoot to kill, I shoot to live!
Posts: 12
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Post by magillagorilla on Aug 12, 2012 8:32:52 GMT -5
A friend of mine told me he was at an estate sale where the owners, the wife was one of the founders of Nu Skin, were selling everything and moving to Costa Rica. Her cousin works for the FRBNY and told her there is going to be a run on banks approximately 30 days before the election. The banks are going to have a banking holiday and the dollar will be devalued by about half. Obviously this is not first hand info, but it kind of falls in line with this.
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Post by Sedition on Aug 12, 2012 10:03:20 GMT -5
I haven't had a lot of time to read up in this, but how will credit unions be affected by this, if at all?
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Post by safetalker on Aug 12, 2012 10:28:59 GMT -5
If they use member money for loans and not the FED they should be better off than not. Most credit unions use state backed insurance on assetts. Just ask.
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