Warning: preg_replace(): The /e modifier is deprecated, use preg_replace_callback instead in ..../includes/class_bootstrap.php(430) : eval()'d code on line 134

Warning: Function ereg() is deprecated in ..../includes/class_postbit.php(345) : eval()'d code on line 4

Warning: Function split() is deprecated in ..../includes/class_postbit.php(345) : eval()'d code on line 19

Warning: Function ereg() is deprecated in ..../includes/class_postbit.php(345) : eval()'d code on line 4

Warning: Function split() is deprecated in ..../includes/class_postbit.php(345) : eval()'d code on line 19

Warning: Function ereg() is deprecated in ..../includes/class_postbit.php(345) : eval()'d code on line 4

Warning: Function split() is deprecated in ..../includes/class_postbit.php(345) : eval()'d code on line 19

Warning: Function ereg() is deprecated in ..../includes/class_postbit.php(345) : eval()'d code on line 4

Warning: Function split() is deprecated in ..../includes/class_postbit.php(345) : eval()'d code on line 19

Warning: Function ereg() is deprecated in ..../includes/class_postbit.php(345) : eval()'d code on line 4

Warning: Function split() is deprecated in ..../includes/class_postbit.php(345) : eval()'d code on line 19

Warning: Function ereg() is deprecated in ..../includes/class_postbit.php(345) : eval()'d code on line 4

Warning: Function split() is deprecated in ..../includes/class_postbit.php(345) : eval()'d code on line 19

Warning: Function ereg() is deprecated in ..../includes/class_postbit.php(345) : eval()'d code on line 4

Warning: Function split() is deprecated in ..../includes/class_postbit.php(345) : eval()'d code on line 19

Warning: Function ereg() is deprecated in ..../includes/class_postbit.php(345) : eval()'d code on line 4

Warning: Function split() is deprecated in ..../includes/class_postbit.php(345) : eval()'d code on line 19

Warning: Function ereg() is deprecated in ..../includes/class_postbit.php(345) : eval()'d code on line 4

Warning: Function split() is deprecated in ..../includes/class_postbit.php(345) : eval()'d code on line 19

Warning: Function ereg() is deprecated in ..../includes/class_postbit.php(345) : eval()'d code on line 4

Warning: Function split() is deprecated in ..../includes/class_postbit.php(345) : eval()'d code on line 19
When banks run out of cash
Page 1 of 2 12 LastLast
Results 1 to 10 of 12

Thread: When banks run out of cash

  1. #1
    Join Date
    Jun 2008
    Posts
    3,654

    Default When banks run out of cash

    OK, I need feedback on a detail that was flagged by my sub-conscience, Cray computer, end times, sub-routine.

    Coin shops get cash from banks for daily transactions. If the banks run out of paper, the only place he gets cash is from buyers. If you go in to sell, and he doesn't have the cash in the drawer, then what. Sit on the stool and drink coffee until enough cash is brought in?

    Details, details, details....

  2. #2
    Join Date
    Oct 2011
    Location
    North Carolina
    Posts
    351

    Default

    Quote Originally Posted by SilverHawk View Post
    OK, I need feedback on a detail that was flagged by my sub-conscience, Cray computer, end times, sub-routine.

    Coin shops get cash from banks for daily transactions. If the banks run out of paper, the only place he gets cash is from buyers. If you go in to sell, and he doesn't have the cash in the drawer, then what. Sit on the stool and drink coffee until enough cash is brought in?

    Details, details, details....
    Considering there are so many banks & so little of the population who actually stockpile Gold/Silver, it would seem that getting that cash shouldn't be a problem? ATM machines alone hold around $150,000 dollars in cash at one time. Unless Millions of dollars worth of Silver/Gold where being sold @ 1 location in a day & everyone demanded cash I don't see how it would be a problem...another option could be Bank Checks/? I know I wouldn't want $50,000 Cash in my pocket. What do you think...?

  3. #3
    Join Date
    Apr 2012
    Location
    Scottsdale, Arizona
    Posts
    1,851

    Cool

    I plan on being a merchant who accepts gold and silver as payment. In fact, I think I'll offer a discount for payments in gold or silver. When enough large bullion comes in, and I need smaller denominations of gold and silver coins/bullion to make change, my plan includes using a local coin shop as my banker. Think about it. There was a time when gold and silver dealers were also pawn brokers, also bankers. In Europe, many had last names describing their vocation: Mr. Goldberg, Mr. Silverstein, etc.

    Nothing in this old world is new. Things just have a way of coming around again...
    "If you don't know where you're going, you might end up some place else."
    - Yogi Berra

  4. #4
    Join Date
    May 2007
    Location
    Atlanta
    Posts
    10,577

    Default

    Quote Originally Posted by SilverCoin View Post
    Considering there are so many banks & so little of the population who actually stockpile Gold/Silver, it would seem that getting that cash shouldn't be a problem? ATM machines alone hold around $150,000 dollars in cash at one time. Unless Millions of dollars worth of Silver/Gold where being sold @ 1 location in a day & everyone demanded cash I don't see how it would be a problem...another option could be Bank Checks/? I know I wouldn't want $50,000 Cash in my pocket. What do you think...?

    If there is a bank run, then the banks will in all probability put a daily limit on the amount of Dollars anyone can withdraw. Most currently have limits of $400 and in a run, you can bet that limit would drastically be reduced.

    Some speculate that you will still be able to buy and sell things with checks as funds will be able to transfer between banks electronically, but who would be willing to trust another bank, if the banks are failing. It's one thing to buy something and write a check, but to sell something and hope funds were honored, especially a stash of Silver to a dealer. Think checks, tracking, IRS and the possibility of not being paid for your Silver.

    Besides, if there is a bank run, it's normally only because the Dollar would be crashing and people want their money to spend on anything before it becomes more worthless. Like Silver, Gold, other currency or even a bunch of dehydrated food.
    I'm a proud member of Eggshellman's Liar, Shill, and bully club and a new member of the Super Jew Defense League!!!

  5. #5
    Join Date
    Apr 2012
    Location
    Scottsdale, Arizona
    Posts
    1,851

    Default

    There is virtually no way the banks can stay in business. That is a given. The only questions are, WHEN and then how are we going to survive.
    "If you don't know where you're going, you might end up some place else."
    - Yogi Berra

  6. #6
    Join Date
    Jan 2010
    Posts
    737

    Default

    The FED has the US Bureau of Printing and Engraving working 24-7-365 creating notes. What makes you think banks are running out of money ???

    Cash aint running out it is becoming less valuable. The current FRN is only worth 3 cents compared to the buying power of a dollar in 1913.

    In 1963 20 cents bought a IMP. Gallon of gasoline. Today two 1963 dimes can still buy that gallon of gasoline AND you would get back fiat change.

    The FRN is becoming Weimark Rep. Mark and the Zimbabwean dollar eventually.

    DYODD,
    Gb
    Gb

    LUCK favors the PREPARED darling. - "Edna Mole"

    ATTENTION Liberals and Progressives - The path to HELL is paved with good intentions.
    ( The USA is certainly spiraling in that direction)

    "The future ain't what it used to be". - Yogi Berra

    .

  7. #7
    Join Date
    May 2007
    Location
    Atlanta
    Posts
    10,577

    Default

    Quote Originally Posted by Goldbrix View Post
    The FED has the US Bureau of Printing and Engraving working 24-7-365 creating notes. What makes you think banks are running out of money ???

    Cash aint running out it is becoming less valuable. The current FRN is only worth 3 cents compared to the buying power of a dollar in 1913.

    In 1963 20 cents bought a IMP. Gallon of gasoline. Today two 1963 dimes can still buy that gallon of gasoline AND you would get back fiat change.

    The FRN is becoming Weimark Rep. Mark and the Zimbabwean dollar eventually.

    DYODD,
    Gb

    Ah, not so fast. Pick the gallon of gas that is inflated because it is a commodity that is controlled by speculators and by those that control the amount that reaches the market place. Even then, your only talking about a twenty fold increase in price, not exactly on par with the Weimar Republics German mark, which had 000,000,000,000 knocked off of it when a new currency was introduced. Even while reaching into the trillions mark, it still didn't match up to the hyper-inflation of the Hungarian Pengo or the Zimbabwean Dollar. Many other currencies bit the hyper-inflation dust before the Weimar mark and many others have since. Just to be replaced by a new currency. Can you name any currency around the world that isn't paying several times more for gas than they were 40 years ago, outside of a few countries that subsidize the price of gas to it's citizens?

    There is a vast difference between a currency loosing value over decades, while the people are given more of that currency to keep up with the loss of spending power and hyper-inflation where the government has to start printing new currency in ever increasingly larger notes to keep up with the decreasing value. If you know anything about US currency, the past is where you can find very large US Dollar notes and only $100 notes being printed today. Yes there are over 150,000 $1,000 bills still out there that are good currency and are in use today, but when they hit a bank for the most part, they are turned into the fed for disposal. Some affluent parts of the US still use them today, probably more for show than anything else. Anything larger than a $1,000 note is in a private collection or in a museum.

    When the FED starts pumping out $1,000, $10,000, $100,000, and $1,000,000 Dollar notes, then you can say we are "starting" to close in on the Weimar mark, but we will still have some serious hyper-inflating ahead of us to reach the Weimar level. There is still one hell of a lot of difference between one million and one trillion and don't forget, we are still only pumping out $100 Dollar bills. And those $100 bills will still buy you 25 gallons of gas or 100 loafs of cheap bread at Wal-mart, not to mention 3 ounces of Silver today. Keep in mind, if we ever reach the hyper-inflated Dollar, where we are printing one million dollar notes, we will still have to add six more zero's to it before we can talk about Weimar or Zimbabwe.

    When it takes a Dollar bill with twelve zero's behind the one to buy a loaf of bread at Wal-mart, then you can say we have arrived in Weimar land. But not when $1 = one loaf of bread.

    As far as the Dollar losing 97% of it's value since 1913, that only counts if your holding dollars that were earned in 1913 and had been in a sock drawer all these years or you can show me anyone that is still earning the same wages as they were back in 1913. It doesn't really matter if the Dollar is worth 1/10th of a cent compared to 1913, as long as everyone is still earning the same buying power that they have today and inflation is not running faster than they can spend their income. Rapid high inflation in a short period of time can be a nightmare, but long slow inflation over decades can be sustained. Run-a-way government spending can't.

    Just why in the world everyone thinks that the US Dollar is going to fail and all other currencies in the world are going to collapse at the same time, is beyond all comprehension.

    Yes the US Dollar may one day fail, but it will only be replace by a new currency just like all the other failing currencies before it. There will not be this great big world wide decision not to honor the new US Dollar because everyone got screwed out to their old Dollars. They will not say the new US Dollar is not backed by anything so it's not worth a damn, neither are their currencies. What's good for the goose is good for the gander. If all other countries can default and issue a new currency, why would the US government be any different? Argentina is on round number four in the past century and they are not the only ones that have been down and out numerous times in the past 100 years. Just because we are the wealthiest nation on earth doesn't mean we will sustain that title forever. Just look at the history books and the number of fallen nations that have held that title before us. Most of them are still up and running under the same name even.

    DYODD
    I'm a proud member of Eggshellman's Liar, Shill, and bully club and a new member of the Super Jew Defense League!!!

  8. #8
    Join Date
    Jun 2009
    Posts
    564

    Default

    [Ah, not so fast. Pick the gallon of gas that is inflated because it is a commodity that is controlled by speculators and by those that control the amount that reaches the market place. Even then, your only talking about a twenty fold increase in price, not exactly on par with the Weimar Republics German mark, which had 000,000,000,000 knocked off of it when a new currency was introduced. Even while reaching into the trillions mark, it still didn't match up to the hyper-inflation of the Hungarian Pengo or the Zimbabwean Dollar. ]


    --So, you(USA) are just fine. You do not have AIDS, you are only HIV positive. Do not worry as we will medicate.

    ** TIME** is the variable as the disease has been caught, and there is not a cure.--



    [Many other currencies bit the hyper-inflation dust before the Weimar mark and many others have since. Just to be replaced by a new currency. Can you name any currency around the world that isn't paying several times more for gas than they were 40 years ago, outside of a few countries that subsidize the price of gas to it's citizens?]


    --Well trained normalcy biased rationalization. Sad.--


    [There is a vast difference between a currency loosing value over decades, while the people are given more of that currency to keep up with the loss of spending power and hyper-inflation where the government has to start printing new currency in ever increasingly larger notes to keep up with the decreasing value. If you know anything about US currency, the past is where you can find very large US Dollar notes and only $100 notes being printed today. Yes there are over 150,000 $1,000 bills still out there that are good currency and are in use today, but when they hit a bank for the most part, they are turned into the fed for disposal. Some affluent parts of the US still use them today, probably more for show than anything else. Anything larger than a $1,000 note is in a private collection or in a museum.]


    --The difference is trained complacency, in regards to ignoring symptoms and resulting death. Brilliant.--



    [When the FED starts pumping out $1,000, $10,000, $100,000, and $1,000,000 Dollar notes, then you can say we are "starting" to close in on the Weimar mark, but we will still have some serious hyper-inflating ahead of us to reach the Weimar level. There is still one hell of a lot of difference between one million and one trillion and don't forget, we are still only pumping out $100 Dollar bills. And those $100 bills will still buy you 25 gallons of gas or 100 loafs of cheap bread at Wal-mart, not to mention 3 ounces of Silver today. Keep in mind, if we ever reach the hyper-inflated Dollar, where we are printing one million dollar notes, we will still have to add six more zero's to it before we can talk about Weimar or Zimbabwe.

    When it takes a Dollar bill with twelve zero's behind the one to buy a loaf of bread at Wal-mart, then you can say we have arrived in Weimar land. But not when $1 = one loaf of bread.

    As far as the Dollar losing 97% of it's value since 1913, that only counts if your holding dollars that were earned in 1913 and had been in a sock drawer all these years or you can show me anyone that is still earning the same wages as they were back in 1913. It doesn't really matter if the Dollar is worth 1/10th of a cent compared to 1913, as long as everyone is still earning the same buying power that they have today and inflation is not running faster than they can spend their income. Rapid high inflation in a short period of time can be a nightmare, but long slow inflation over decades can be sustained. Run-a-way government spending can't.

    Just why in the world everyone thinks that the US Dollar is going to fail and all other currencies in the world are going to collapse at the same time, is beyond all comprehension.]



    --One should consider their own comprehension to differ from others. Projection of incomprehension is group mentality addiction.--



    [Yes the US Dollar may one day fail, but it will only be replace by a new currency just like all the other failing currencies before it. There will not be this great big world wide decision not to honor the new US Dollar because everyone got screwed out to their old Dollars. They will not say the new US Dollar is not backed by anything so it's not worth a damn, neither are their currencies. What's good for the goose is good for the gander. If all other countries can default and issue a new currency, why would the US government be any different? Argentina is on round number four in the past century and they are not the only ones that have been down and out numerous times in the past 100 years. Just because we are the wealthiest nation on earth doesn't mean we will sustain that title forever. Just look at the history books and the number of fallen nations that have held that title before us. Most of them are still up and running under the same name even.]



    --Who maintains control of fiat assets they designed to fail, after dollar failure.
    Who looses all which they have worked for and saved.
    WHO GAINS POSSESSION and POWER over the MAJORITY AGAIN, through DEBT.
    The repetition of this process extends far beyond your generation limited hindsight and foresight, given posts content.

    Was your posting a joke.--
    Last edited by Silvature; 4th September 2012 at 07:23.

  9. #9
    Join Date
    May 2007
    Location
    Atlanta
    Posts
    10,577

    Default

    Quote Originally Posted by Silvature View Post
    [



    --Who maintains control of fiat assets they designed to fail, after dollar failure.
    Who looses all which they have worked for and saved.
    WHO GAINS POSSESSION and POWER over the MAJORITY AGAIN, through DEBT.
    The repetition of this process extends far beyond your generation limited hindsight and foresight, given posts content.

    Was your posting a joke.--

    I think it's your head that's been reading comic books and Youtube vidoes. If we were to go into hyper-inflation, it would ruin the bankers and wipe out the vast majority of all our debts. Car loans, house loans and any other fixed loan.

    Now do you want to explain to me WHO GAINS POSSESSION and POWER over the MAJORITY AGAIN, through DEBT, if the people don't have any? That's just fear mongering without any basis.

    Yes people with cash will lose there value, but most do not have any to speak of, they have massive debt that will be vaporized with hyper-inflation. It's the powerful banks that will end up losing their A$$ and not the people, other than the dumb ass fools that are still buying on credit cards as 1,500,000% interest. Hyper-inflation can be a true monster for many people and it can also be a gift for even more that are overloaded with debt that they have no way of paying off under normal circumstances. Those who are prepared for hyper-inflation will come through it with smiles on their faces and most will be better off for it as well. Not so much for the poor that have nothing and are living in rented housing and on credit cards.
    I'm a proud member of Eggshellman's Liar, Shill, and bully club and a new member of the Super Jew Defense League!!!

  10. #10
    Join Date
    Dec 2008
    Location
    Zionot, Squashkenazi
    Posts
    11,553

    Default

    Quote Originally Posted by SilverHawk View Post
    OK, I need feedback on a detail that was flagged by my sub-conscience, Cray computer, end times, sub-routine.

    Coin shops get cash from banks for daily transactions. If the banks run out of paper, the only place he gets cash is from buyers. If you go in to sell, and he doesn't have the cash in the drawer, then what. Sit on the stool and drink coffee until enough cash is brought in?

    Details, details, details....
    Once the manipulation ends, we won't be seeing any $1 up or down days.
    I'm thinking $60 moves will be the norm.
    "I foresee little future in 'the price of silver', I see a huge future for 'the price in silver'." - heartbone
    "The truth is called hate by those who hate the truth." - K

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •