Bitcoin Forum
December 13, 2024, 05:36:42 PM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Americans are opting out of traditional banking...  (Read 789 times)
MoonShadow (OP)
Legendary
*
Offline Offline

Activity: 1708
Merit: 1010



View Profile
September 23, 2012, 01:46:41 AM
 #1

http://www.naturalnews.com/037281_banking_system_Americans_opting_out.html

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
RandomQ
Hero Member
*****
Offline Offline

Activity: 826
Merit: 500



View Profile
September 23, 2012, 02:32:10 AM
 #2

I see a few things happening banks are increasing there fees and pricing certain class of people outside the normal banking channels.

Walmart is doing a huge push into this area and seems to be filling in the gap.

My Personal experience is a little different than most.

My Household has 3 bank accounts@different banks and 2 Semi-bank accounts (Walmart Money Card & American Express prepaid card)

I've been moving all my assets into more protected fashion over the last 5 years.
Trust Funds to Hold houses
LLC to Own Cars
Etc

I can only un-bank so far because the Semi-bank cards do not limit your loss against theft.
The Best I can do is close my 1 for Profit Bank account since my other 2 are with credit unions.

I can only store so much wealth into Bitcoins because there isn't any insurance of theft.(No FDIC)

When you Unbank and try to go cash only, your risk of theft goes up also.

I think the best hope is going to be MtGox offering Some kind of BTC Cold Freeze with insurance.

I could always AIR-Gap a Raid System to store my BTC, but then I still need to do Encrypted Offline Backups.

I lost all faith in banks because of Libor Fixing and Maybe Silver Pricing Fixing.
Now I considered everything rigged against you



Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!