Taking your money from the bank for me is a joke! I have a substantial amount in 3 different accounts. It’s VERY difficult to remove more than $8,000 or $9,000 at a time without extreme scrutiny from the IRS and the DEA. Plus, the banks will tell you that frequently they don’t have enough on hand to give you even $8,000. If you close your account, guess what?
They give you a check, NOT cash! So you have to go to another bank WITH A CHECK once more! So, how does one remove their money from the bank without causing major transaction reports to be filed with the government about your banking activities???? Dave, thus, please give us tips on how to remove substantial amounts of cash without incurring the wrath of the government, and how to take out large amounts of cash to begin with, as the banks discourage taking out more than $1,000 to $3,000 dollars in any given transaction.”
At first glance, Rick appears to be correct. The odds are stacked against all average depositors. With all that is available to read on this topic, it is mind boggling regarding how few people are preparing to act to preserve what assets they have remaining by not removing their money from the bank.
Because you have put your money in the bank, you no longer own your money.The courts have ruled that once you deposit your money in the bank, the bank owns your money. You virtually are paid no interest for the hard earned money that you place in the bank. And if inflation is only at a modest 5% rate, your hundred thousand dollars is worth only $95,000 after one year. In a decade, your real buying power is reduced by about 50%.
And where did the other 50% go? Because of fractional reserve banking, the biggest money scam in history, the banks can take $10,000 and turn it into at least $90,000 by doing absolutely nothing but adding some zeroes after your name, on a computer scree, and then loaning out the money, at interest, while you are paid a minuscule interest rate.
This practice adds to the inflation rate and further erodes your savings.
PLEASE FEEL FREE 2-FORWARD/BLOG! GyG BLOGGINGS! Thanx!
- GUNNY G: BB ORWELL 1984+
- GUNNY G: P!SSED YET, PILGRIM?
- GUNNY G: NOTHING BY ACCIDENT…
- GUNNY G: THE PEOPLE WHO CAST THE VOTES…
- GUNNY G: BLOGGING BAD!
- GUNNY G BLOGS, ETC.