> Homeland Security To Confiscate Bank Safe Deposit Box Contents
5 May 2006, 02:30
In the event of a national declared financial emergency, anything can happen. Banks are chartered by the Government and completely subject to the laws of the government, including executive orders of the President. This country went through in in 1933, and to this day the Department of the Treasurey reserves to right to confesscate virtually anything it determines as required in a state of national emergency, including real estate, cars and food. Of course, dream on Washington D.C. if you think you can do this in a nation that is armed to the sky.
Anything of value such as bullion coins, or gems, I would never store at a Bank. I think the reason now B of A will not allow it is because they know full well that it is not safe there so they have decided to advise their customers differently than many banks.
With that said, if we went through 1980 with 20% interest rates, loans being called in, Gold at $850 an ounce, and Silver up in the $40 and $50’s, without a major confescation, I think we are going to be o.k. If they did try and grab it, the outrage and distrust of the public would be substantial, a whole new generation of Americans would distrust banks again, like the great depression generation who would keep their money burried at the house, in books, stored in closets, or under the floor boards.
In the event of a national declared financial emergency, anything can happen. Banks are chartered by the Government and completely subject to the laws of the government, including executive orders of the President. This country went through in in 1933, and to this day the Department of the Treasurey reserves to right to confesscate virtually anything it determines as required in a state of national emergency, including real estate, cars and food. Of course, dream on Washington D.C. if you think you can do this in a nation that is armed to the sky.
Anything of value such as bullion coins, or gems, I would never store at a Bank. I think the reason now B of A will not allow it is because they know full well that it is not safe there so they have decided to advise their customers differently than many banks.
With that said, if we went through 1980 with 20% interest rates, loans being called in, Gold at $850 an ounce, and Silver up in the $40 and $50’s, without a major confescation, I think we are going to be o.k. If they did try and grab it, the outrage and distrust of the public would be substantial, a whole new generation of Americans would distrust banks again, like the great depression generation who would keep their money burried at the house, in books, stored in closets, or under the floor boards.