YOUTUBE WOULD NOT ALLOW ME TO UPLOAD THIS, SO IT MUST BE TRUE. THIS IS MY FOURTH ATTEMPT TO UPLOAD http://www.youtube.com/user/originalmetalchick (my backup channel – be sure to sub)
THIS IS HAPPENING IN TEXAS – FOR NOW http://www.businessinsider.com/citigroup-warns-customers-it-may-refuse-to-allow-withdrawals-2010-2
“Effective April 1, 2010, we reserve the right to require (7) days advance notice before permitting a withdrawal from all checking accounts. While we do not currently exercise this right and have not exercised it in the past, we are required by law to notify you of this change,” Citigroup said on statements received by customers all over the country
http://www.usatoday.com/money/economy/2009-04-05-scrip_N.htm
Duration : 0:3:41
Gresham’s Law: Bad …
Gresham’s Law: Bad money chases good money out of circulation. Gold is good money, and when people perceive that a nation’s currency is losing value they cash it in for gold. This creates gold runs and collapses the system. This is mistakenly thought to be gold’s fault.
A money supply of $200 backed by 10 oz of gold, gold is worth $20/oz. If law fixes the price of gold at that level, then creates another $150 of money supply, the real value of gold goes to $35/oz. Inflation is at fault.
Come on bashing …
Come on bashing Walmart where else can I get my My Amerikan Flag Made in China from 100 % manmade Fibers made in North Korea for 5 times less than one made in the United States, from near extinct American farmers that are trying to live the American Dream by living from the land That every US Soilder That has Died since WW 2 has Fought to Keep Free Really Now !
There should be a law that no Government office ruler should make more than $100,000.00’s a year do it for Country !
@jokertim777 this …
@jokertim777 this isn’t some joke. i’m not 100% familiar with gresham’s law. i will look into it. but, it does hold that the gold system is for various reasons. especially when you want your gold. so i would simply say you don’t know your facts if you ignore that. please share.
Jct: I have a list …
Jct: I have a list of community currencies that hasn’t been updated in years but is stil the biggest source of leads in the world at my link: “Thousand of LETS currency sites in 58 nations” at my johnturmel home page.
Ithaca Hours is the best system in the US even though it’s a dinky toy.
Thank you so much …
Thank you so much for this warning
“Bank holiday” …
“Bank holiday” server error, I can’t search it!??? Crazyness!
Berkshares on ABC …
Berkshares on ABC news
v=bzzkDRIjW30
I’ll email you a couple links
God bless you …
God bless you Girlfriend!
My apologies. I …
My apologies. I thought you were discussing proactive measures to be taken now to lessen the impact of a collapsing currency to your local community (which is what I recommend). You meant setting up something AFTER a collapse. That’s a whole new ballgame.
I don’t think the …
I don’t think the state will have any power if it comes to this nor the federal gov,
<3 ya Lydia!
(( …
<3 ya Lydia!
((Hugs))
Les
Its against State …
Its against State Law to operate a business using the work “Bank” or that handles any banking transactions without being licensed and charter by that State (at least where I live). Because, believe me, I’ve thought about it. Government doesn’t just let anybody mess around with money, so check into your local laws before starting your own bank.
@19fas88
“gold …
@19fas88
“gold standard only works if nobody wants to trade in their dollars for gold”
Pretty bold statement there, the only problem is…. you’re wrong.
Go read about the Bank of Amsterdam (1600-1750) the longest running and most stable bank in the history of human civilization (used a gold standard).
The problem is not gold, its fractional reserves and trying to artificially peg the price of gold to a currency you are inflating. Gresham’s Law.
Any questions?
How do you buy with …
How do you buy with a local currency? How do you earn, & obtain those local currencies? So you can spend those type currencies at those mom & pop stores?
I heard Kathryn …
I heard Kathryn Austin Fitts say that there were 6400 different counties in the USA.
At the end of the FIRST great depression, there were almost 6400 LOCAL currencies in circulation.
That little piece of history might be coming our way once again.
You are looking so …
You are looking so pretty today…
Great video as …
Great video as always!!! We really appreciate your help spreading the truth and concern for “We The People”!!!
I know someone that has a place in Berkshire Massachusetts, but wasn’t aware there was a local currency between some of the business there.
The State of North Dakota has a somewhat independent banking system (within the state) but still uses the dollar.
Wish I could provide more information.
End the Fed!!!
5 Star rating. hey …
green dollar, barter system works fine, good idea
5 Star rating. hey its super good to see you back OMC
@radon1234567 gold …
@radon1234567 gold standard only works if nobody wants to trade in their dollars for gold. today, as you know, it’s faith in the government that drives america’s economy. right now the world isn’t reflecting to highly on that faith, but down times are down time. we have a right to check ourselves. america will learn from her mistakes like she has in the past.
private fed res …
private fed res bank took over money supply in 1913 the fed reserve notes we use INSTEAD of actual U.S. dollars are worth 1.6 percent of what they were worth vs. gold, and 7% vs silver. An actual dollar is supposed to be made of 371.25 grains of siver which is .85 ounce silver, or 1/15 that in gold. After the criminal fed bank took over they quickly begain stealing our money by taking the gold/silver that backed our real dollars. To make the coins as worthless as the notes they took silver out.
fractional banking …
fractional banking at it’s best.
-Todd
Someone that works …
Someone that works for Alex Jones tried to get some money out they just put it… THEY STOPPED HIM NOW….. not April 1st… they are doing it NOW
Btw, great video 5* …
Btw, great video 5*. Do more
I heard about this. …
I heard about this. Crazy huh? What’s next?!
It’s good to see …
It’s good to see you OrigonalMetalChick hugz
With Local Curriencies, local city governments could employ people to pave roads, schools, farms, just about everything, perhaps there will be a way for them to be federal income tax exampt because they’re not getting federal reserve notes which basically means their still unemployed but employed by local gov. That would be a great way to stick it to the Fed and cronies in D.C.