Banks in the United Kingdom have begun changing the terms of Bank Accounts to LIMIT or REFUSE withdrawals that "may affect their financial stability."
Account holders at Yorkshire Bank, for instance, received notification that the Bank changed account terms to say "We have the right to restrict transactions where we reasonably believe our financial stability may be at risk, such as actual or potential abnormal levels of withdrawals."
Put simply, if a whole slew of depositors start losing faith in the bank, and start taking THEIR money out, then the bank gives itself the right to prevent YOU from taking YOUR money out.
Changes like this don't happen by chance or for no reason. It seems logical to many account holders that the reason the banks are doing this is that they fear something in the future will cause people to come withdraw their money.
Bank account holders in the UK should look carefully at their account terms to see what rights the banks give themselves. It may actually be safer for people to keep a significant portion of money OUT of banks. This way, YOU can get to it no matter what happens to THEM.
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The banks will take the people's money and not allow withdrawals. Put your money in to slap and tickle outfits if you want to beat inflation and the coming financial collapse.
However when the system crashes it won't matter who you bank with. The paper you have in your pocket is the same regardless if it came from a big bank or a little bank, it is only paper.
The EU brought in bail-in legislation - this will merely replace a government law with a private law to the same effect.
It does not keep pace with the dollar printing machines - because they are crshing with debt and inflation.
I have gold - I will not make free money - but neither will I lose my money.
I think silver is the better way to go for a trade and barter situation.
Whatever they say it is.
They are adding"....but only at a time that suits us."
We Are On The Verge Of A Massive Change In The Global Monetary System
(Eric), “it gave me shivers the other night when I realized that
every essential resource that we need for renewable energies,
that we need to build out renewable energies, are only found in
sufficient quantities in the eastern part of the world. It’s no
accident that Europe is falling apart. It’s no accident that NATO
is on its way out, and that as a result we are going to have a
bipolar order, or if the West continues to refuse to cooperate,
something much worse.”
https://kingworldnews.com/we-are-on-the-verge-of-a-massive-change-in-the-global-monetary-system/
____ŽoMßÎËÞLÅÑËT
Copper and magnets!
Spin magnets around copper electric charge is created.
The method they use to spin those magnets is the only thing that's changed.
When talking about renewable energy everyone leaves out hydro. It's is by far and away the cleanest, cheapest and easiest way to produce electricity.
Before you harp at me about dams there are many other ways to harness the power of water. The dams allow us to store that water for future use.
Last note, someone spoke the other day about the drought in California. That drought has been 100% man caused.
By releasing from the dams at pretty much full flow and sending that water directly to the ocean they caused this.
It's all been cause & effect. Fields dry up, Soil erodes, Forrests dry up and burn. The more Forrests burned the less oxygen created the less rain produced.
Me:(stepping off soapbox)
Pump water uphill into a reservoir - which can also serve for drinking water.
At the bottom of the hill put a water driven generator for times when wind or solar is not on tap. When it is on tap - pump the water back uphill. This is kmown, already in use technology.
It is inefficient - you lose a lot of energy - but it is FREE energy !
Has been in use since the Romans.
9-10 feet of drop will go 150ft uphill.
Another good one is a spiral wheel. It scoops a funnel full of water, works it through the spiral and pushes it up hill.
Store in reservoir at top. Recirculate.
Or in modern terms wash, rince, repeat.
The banks make their money by currency arbitrage - but you are not allowed to.
I wouldn't put it past things to suggest that
damned undermining letter from yesterday
might of played a role.
1. Your deposits are listed as a DEBIT on their balance sheets, not a credit as you would think. Although they need your money to loan out, they don’t necessarily like you owning it.
2. Due to Fractional Banking there’s actually only a small amount of cash on hand at any one time, as compared to total deposits. So, a bank/credit union works on the FAITH it’s members has in it. No faith = bank run. Think about the movie “It’s a Wonderful Life” and what Jimmy Stewart explained to his depositors. Your money isn’t in the bank… it’s in Joe Blow’s house and he’s paying it back.
3. Side note… Safety Deposit boxes are NOT SAFE and can be raided by “law enforcement” or the bank on a whim. Use them at your own risk.
4. The fact that banks/credit unions would put limits on withdrawals is not surprising, especially in today’s financial climate. It’s just another sign of the times. As they say, being forewarned is forearmed. Limiting how much you have in a financial institution just makes good sense.
5. Financial tip… look for insurance companies to start going under in the near future due to extraordinary payouts due to high death rates. Long standing Actuary tables have been turned on their heads… no longer reliable at predicting risk, which is what insurance industry is based on. I’m NOT a licensed financial advisor so listen to me at your own risk.
If they limit your withdrawals from the bank, think outside the box. I know atm/debit cards have a limit as well. The atm is usually around $500 and the debit around $1500 or so. You can go to the store and buy a pack of gum and get cash back to the upper limit of the store. You can do this several times. Heck, if you are out shopping anyway you could go in, buy a few things on the list and check out with cash back maxed and then come back in and get a few more things and again, max the cash back until you've maxed the the limit on the debit card. Work around their 'limits.' Of course you can double the atm limit if your spouse uses their card on the same account as well.
Again, you'll have to do a work around to withdraw your money. Taking out the limit on ATMs every day. Taking max cash back at the stores several times until you hit the debit card max for the day, etc.
Notice I clearly said currency and not money.
Everyone needs to look at themselves in the mirror and then go sit down with a pen and paper and turn off the TV and then write down everything they are going to need for the next 5 to 10 years for items such as boots, clothes, socks, underwear, coats, hats, lamp oil, lamps, batteries, lead, brass, and food.
Once you make that list then you need to go out and purchase those items assuming you can find them.
Remember a good quality set of boots will now run between 300-400 per pair. I am not talking about the ones you buy at Walmart. Quality will last. Why boots? Everyone will be doing a lot of walking in future.
I personally have close to $2,000 invested in boots alone that I wear and I am not even a blue-collar worker. The boots that I like and have are no longer mass produced but fortunately I was able to find a pair on ebay that were still brand new. So I literally picked them up less than a month ago to set aside for future use once my other boots start to wears.
Boots a long with quality socks are some of the most important prepping items you can get in your possession.
Now, I realize that most of the people who are reading this are probably retired and think you are living the good life.
Don't worry you too will be affected.
The DIGITAL dollar is not the same as the dollar today when one uses their credit and/or debit card. The forthcoming digital dollar will provide direct access from the government directly to your accounts where everything will be able to monitored in REAL time.
You want to go get that item in the future, with those digital dollars, and you want to purchase something that the federal government does not like, good luck getting it, this will be how they will ration food and other important things down the road.
Finally, if getting a pair of boots, ensure that they cover the ankle and protect the ankle. If you are part of a group (family,husband, wife, kids, grandkids, etc.) you can only move as fast as the slowed person. So, if traveling and someone twists an ankle because you failed to ensure that everyone in your immediate group did not have proper foot gear, it will be your fault
Remember, simply praying and having "faith" is not enough.
“Even so faith, if it hath not works, is dead, being alone.” James 2:17
“But if any provide not for his own, and specially for those of his own house, he hath denied the faith, and is worse than an infidel.” I Timothy 5: 8
Good luck!
I am actually surprised they don't feature more prominently in dystopian or end-of-civilisation fiction. It seems to me that in a situation with no fuel, we will be converting food directly into mechanical energy by using our legs and feet.
But yes I agree with your supply list and having warm clothes and the boots and all of that, but up here in this country shelter needs to be on the list also.
Another thing, we are talking about healthy people who are able to walk. There are Thousands of folk that are physically or mentally handicapped or both and of old age that can barely get around even with a walker,
traveling is a thing of the past. My wife is one of these people. I am in good health myself but unfortunately not so for her.
Each person has both summer and winter muk boots. I frequent yard sales and estate sales looking for cheap quality shoes. The salvation army is a great place to find afghans other people knitted/crocheted. It's a wonderful way to store large amounts of yarn. Unravel knit something new like socks,sweater gloves etc.
For those that don't like "used" things, any item you've utilized a second time was "used". Get over it
This comment, including the scriptural support, should get 100 upvotes.
Whatever is coming currency-wise, will not be your friend, whether digital, near-worthless paper, local scrip, or hyperinflated nothingness.
With some diligence, even nutritious and delicious food can be procured that will last 5-10 years.
And as you have said, providing for your own house ( I Tim 5:8 ) also includes providing protection ( Luke 22:36 ). As another example, God indeed fought for Gideon, but he also expected him to show up ready to fight. "Nah, I'll just stay home - I know you'll fight for me". We're all going to be somewhat afraid, but it is the refusing to go forward in spite of that, that is cowardice ( fearfulness ) Rev. 21:8 .
Thank you for your kind words.
Hebrews chapter 11 is the chapter on faith. Example after example in chapter 11 clearly shows that God will ONLY do his part after WE have done OUR part.
Unfortunately, the church here in the US doesn't explain this as this would hurt their offerings and revenue streams.
Those SOBs will rob you blind and smile
while they do it
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