Smart to keep $25,000 in a checking account?

[Simple]

Didn't the FOMC state they intend to depreciate the dollar by 33% by 2020? My numbers might be off, but the fact is if you don't want to lose a big portion of that due to inflation then you're better off spending those dollars on alcohol, guns, ammo, and/or gold that can be resold at a later date.

[Danke]

Do you have a link for one of these online? I can't find anyting on it.

I know it from a court case I witnessed were a guy had money taken from his bank account without a court order. The bank's attorney used the signature card agreement to show that the bank had the right to hand over "his" deposits to a third party.

[Todd]

I know it from a court case I witnessed were a guy had money taken from his bank account without a court order. The bank's attorney used the signature care agreement to show that the bank had the right to hand over "his" deposits to a third party.

Well...I will definately try to find mine and read this. I don't keep anything in any large corporate banks like Chase or BOA....but still need to verify my credit union agreement.

[Schifference]

I would rather stuff it in a mattress than leave it in the bank. Fractional reserve banking is corrupt and allows the bank to loan hundreds of thousands out from your original 25k. Buy silver or gold and hide it or put in a safe.

[slamhead]

Not safe at all. You better just send it to me. I will take care of it.

[Arklatex]

What concerns me is that property rights are under attack in America. People are being foreclosed on by the banksters illegally, in the largest land grab ever; then sold to foreign investors.

I think I would take the money and buy land in Nicaragua instead. This is becoming a popular destination for ex pats, which is driving up the cost of property. But still far cheaper than the U.S. imo .

If Romney or Obama win, here is where I suggest we go ... The Liberty Island

http://www.nicaraguarealty.com/listings/details/1/3/91

Central America - been their 5 times. Not to Nicaragua but I was surprised when I asked a pineapple scientist which country he'd relocate to in Central America if given the chance, I was expecting Costa Rica or Panama but was surprised when he answered Nicaragua.

I'd love to have farmland in the tropics, I could replace those Pecan trees with Mango and Coconut Palms, and have wild banana, plantain and papaya not taking into consideration a plethora of spectacular plants that thrive in the tropics, many wild such as Noni, Almond, and more we've never heard of here in the States.

The problem would be practicality, local rift raft mafia and crime. Much poverty who see opportunity in a foreigner. The United States is still the premier country in the world to live, especially when compared to Central America at this time. Down there say the local sheriff doesn't like you, someone pays him off a little more than you, say someone he's know his whole life and his granddaddy was his granddaddy's barber - well you're screwed. It's pretty much like the wild west. Living in a 3rd world country is very different than the USA. I've spent months down there, love the nature, scared by the social situations. Driving down there is like a bunch of animals, there is no courtesy. An American will often be horrified to see how people drive down there, there is no order, just a bunch of wild maniacs who drive like a bunch of crazed animals. No one will let you in, you have to inch in and force yourself into the flow - it's madness. That's an microcosm of the entire society there. Once that changes, the countries are safe, I'd be there right now.