What do you think about keeping money in the bank?

[Loungeagainstthemachine]

I live in Canada, and I am wondering if I should start actively encouraging family members to remove their life savings from banks. Is it overkill to do so? Can the elite make that money disappear in the event of a financial crisis?? I assume YES and haven taken my money out of the bank, but I don't know if they can legally do that... yes I chuckled a bit saying that, of course they don't give a shit about legalities, but is everyones life savings in danger?

Thoughts?

Also, whats a good thing to spend the money on besides gold if you have a decent chunk of cash. Property??

[America2]

I'm no expert at this, but when TSHTF, whether you withdrew it or not, it may not matter as it'll be worthless anyways.

My best advice is to just use some of what you have left to stock up on the essentials - food, water, supplies, etc.

JM2C

[Loungeagainstthemachine]

That's what I'm doing right now. I barely have enough, but I'm trying to stock up on the essentials.

I have a few relatives who have a decent amount of money in the bank. I worry a lot about them, thats their whole life of savings.

[America2]

That's what I'm doing right now. I barely have enough, but I'm trying to stock up on the essentials.

I have a few relatives who have a decent amount of money in the bank. I worry a lot about them, thats their whole life of savings.

Same here - I'm concerned over mine too. If anything, I guess the best we can both do is to stock up for our loved ones as well.

[Waipio]

What do you think about keeping money in the bank?

is that a trick  question?
 

[Unintelligable Name]

Take it out of the bank, the interest gained on it is next to worthless with rising inflation... and all they're really doing is loaning out your money and charging way more than the 3-4% they give to the depositors. Do not play into the money-chargers schemes!

Put all that money in GOLD.

[New Whirled Order]

Your dollars are safe, but their purchasing power isn't.  The best way to do a bank run is slowly, calmly, and quietly over time.  Although time could be running short at this point. 

[Loungeagainstthemachine]

Basically my father has a decent amount of money in the bank, and I'm going to ask him to purchase a farm property for me so I can start farming and preparing ASAP before shit goes down (I have a feeling things are going to start in early November). I was originally planning on moving to an existing farm he owns but his friend lives at currently in APRIL, but I fear that will be too late...

So the reasoning behind my question  is do you feel that taking money out of the bank right now and buying a property using that money is the best idea? I guess I'm just trying to see if there is anything I'm not seeing in this equation, maybe that the money is safe in the bank account and that the banks can't legally touch it. However if the dollar is devalued, what then?

Also, does anyone have any news articles or anything that will show clearly that money should be put into things such as property in the face of this coming crisis? I've been trying to find articles that state that money is best put into property, citing the economic crisis as a reason, but can't find much besides blog entries.

Thanks for the replies

[Sweetnhigh]

If you become self sufficent, you will find you need money less and less. Gold is good-but its probably not a great time to buy. Sink your money into solar and wind power so you have electricity and water catchment.