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20 Reasons Why America’s Next Bank Holiday Will Be a Nightmare

 
KoFFee_
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06/16/2012 09:38 PM
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20 Reasons Why America’s Next Bank Holiday Will Be a Nightmare
snip

The world is on now on the brink of a global credit crisis that could be far worse than the tumultuous events of 2008.

The ongoing sovereign debt crisis in the southern reaches of the Eurozone indicate that bank runs in the region will continue, and that more bank closure “holidays” will be declared.

Under a bank holiday, virtually all deposits could be frozen and irredeemable for days, weeks, or even months.

The key question is: Will this crisis spread to the rest of Europe and then even to the United States?

Here are 20 Reasons why America’s next bank holiday will be a nightmare:

Read them here:
[link to www.pakalertpress.com]
However, I consider my life worth nothing to me; my only aim is to finish the race and complete the task
the Lord Jesus has given me—the task of testifying to the good news of God’s grace. Acts 20:24

"This man really is the Savior of the world!" John 4:42

Look, he is coming with the clouds, and every eye will see him, even those who pierced him;
and all the peoples of the earth will mourn because of him. So shall it be! Amen.
I am the Alpha and the Omega, " says the Lord God, who is, and who was, and who is to come, the Almighty." Revelation 1:7

I do not own the rights to any video posted, they are for educational/entertainment purposes only.
Six Six Six

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06/16/2012 09:40 PM
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Re: 20 Reasons Why America’s Next Bank Holiday Will Be a Nightmare
coffee4

goodnews
Biko
KoFFee_ (OP)

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06/16/2012 09:45 PM
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Re: 20 Reasons Why America’s Next Bank Holiday Will Be a Nightmare
#16-Formerly distributed as “Food Stamps”, the USDA‘s Supplemental Nutrition Assistance Program (SNAP), provides benefits to low income families through Electronic Benefit Transfer (EBT) card payments.

These cards look much like credit cards. And like checks, EBT payments are all routed through the ACH network. Again, this is a network that is inside banking system firewalls.

If the banking system goes into holiday mode, then it may take days or even weeks to get EBT processing back on line. If the EBT payments stop, we can expect riots in metropolitan areas in less than a week.
However, I consider my life worth nothing to me; my only aim is to finish the race and complete the task
the Lord Jesus has given me—the task of testifying to the good news of God’s grace. Acts 20:24

"This man really is the Savior of the world!" John 4:42

Look, he is coming with the clouds, and every eye will see him, even those who pierced him;
and all the peoples of the earth will mourn because of him. So shall it be! Amen.
I am the Alpha and the Omega, " says the Lord God, who is, and who was, and who is to come, the Almighty." Revelation 1:7

I do not own the rights to any video posted, they are for educational/entertainment purposes only.
KoFFee_ (OP)

User ID: 1373078
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06/16/2012 09:51 PM
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Re: 20 Reasons Why America’s Next Bank Holiday Will Be a Nightmare


[link to www.youtube.com]
However, I consider my life worth nothing to me; my only aim is to finish the race and complete the task
the Lord Jesus has given me—the task of testifying to the good news of God’s grace. Acts 20:24

"This man really is the Savior of the world!" John 4:42

Look, he is coming with the clouds, and every eye will see him, even those who pierced him;
and all the peoples of the earth will mourn because of him. So shall it be! Amen.
I am the Alpha and the Omega, " says the Lord God, who is, and who was, and who is to come, the Almighty." Revelation 1:7

I do not own the rights to any video posted, they are for educational/entertainment purposes only.
Six Six Six

User ID: 3753361
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06/16/2012 09:51 PM
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Re: 20 Reasons Why America’s Next Bank Holiday Will Be a Nightmare
#16-Formerly distributed as “Food Stamps”, the USDA‘s Supplemental Nutrition Assistance Program (SNAP), provides benefits to low income families through Electronic Benefit Transfer (EBT) card payments.

These cards look much like credit cards. And like checks, EBT payments are all routed through the ACH network. Again, this is a network that is inside banking system firewalls.

If the banking system goes into holiday mode, then it may take days or even weeks to get EBT processing back on line. If the EBT payments stop, we can expect riots in metropolitan areas in less than a week.
 Quoting: KoFFee_


I agree with that one... the downfall of public benefits and/or food availability would be huge and lead to chaos.

banana2
Biko
KoFFee_ (OP)

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06/16/2012 09:57 PM
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Re: 20 Reasons Why America’s Next Bank Holiday Will Be a Nightmare
#16-Formerly distributed as “Food Stamps”, the USDA‘s Supplemental Nutrition Assistance Program (SNAP), provides benefits to low income families through Electronic Benefit Transfer (EBT) card payments.

These cards look much like credit cards. And like checks, EBT payments are all routed through the ACH network. Again, this is a network that is inside banking system firewalls.

If the banking system goes into holiday mode, then it may take days or even weeks to get EBT processing back on line. If the EBT payments stop, we can expect riots in metropolitan areas in less than a week.
 Quoting: KoFFee_


I agree with that one... the downfall of public benefits and/or food availability would be huge and lead to chaos.

banana2
 Quoting: Six Six Six


Many rely on Paypal for buying and selling. They were included in the list of twenty:

#10- Online payment systems like PayPal will be sharply degraded, because they rely on their ability to move funds to and from banks.

More importantly, online payments are inextricably tied to credit card processing. If credit card processing is suspended, then online payments will be “dead in the water.”
However, I consider my life worth nothing to me; my only aim is to finish the race and complete the task
the Lord Jesus has given me—the task of testifying to the good news of God’s grace. Acts 20:24

"This man really is the Savior of the world!" John 4:42

Look, he is coming with the clouds, and every eye will see him, even those who pierced him;
and all the peoples of the earth will mourn because of him. So shall it be! Amen.
I am the Alpha and the Omega, " says the Lord God, who is, and who was, and who is to come, the Almighty." Revelation 1:7

I do not own the rights to any video posted, they are for educational/entertainment purposes only.
Anonymous Coward
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06/16/2012 10:08 PM
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Re: 20 Reasons Why America’s Next Bank Holiday Will Be a Nightmare
Who the fuck cares if I can't pay my bills IF I can't get money out to buy groceries? I could care less about paying my morgage if the banks freeze up! Guesss what if the bank wants me to make my house payment I have to get into my checking account! I'M not PAYING with my cash I HAVE ON HAND!
KoFFee_ (OP)

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06/16/2012 10:11 PM
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Re: 20 Reasons Why America’s Next Bank Holiday Will Be a Nightmare
DISASTROUS FINANCIAL SURPRISE AHEAD FOR U.S. CITIZENS

Certainly the grave financial status of the government which is close to bankruptcy could be used to justify seizing citizen’s assets.

There is a precedent for such action. On March 5, 1933 a bank holiday was declared by President Franklin Roosevelt which lasted one week.
A friend of mine who is now 85 recalls her father arriving in their home in St. Louis, Mo. in tears completely distraught.
He advised the family that all his $70,000 savings had been removed from his bank account.

In 1933 ownership of gold was made a criminal offense in an executive order signed by President Roosevelt.

Read more here:
[link to www.newswithviews.com]
However, I consider my life worth nothing to me; my only aim is to finish the race and complete the task
the Lord Jesus has given me—the task of testifying to the good news of God’s grace. Acts 20:24

"This man really is the Savior of the world!" John 4:42

Look, he is coming with the clouds, and every eye will see him, even those who pierced him;
and all the peoples of the earth will mourn because of him. So shall it be! Amen.
I am the Alpha and the Omega, " says the Lord God, who is, and who was, and who is to come, the Almighty." Revelation 1:7

I do not own the rights to any video posted, they are for educational/entertainment purposes only.
KoFFee_ (OP)

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06/16/2012 10:32 PM
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Re: 20 Reasons Why America’s Next Bank Holiday Will Be a Nightmare
There is only one friend of mine that carries cash in her wallet, mostly everyone else I know relies on a debit card, and some on a credit card:

#8- Many Americans are now very dependent on bank debit cards (also known as a bank cards or check cards.)
In fact, many people don’t even carry more than a few dollars in their wallets.
If our world suddenly goes “cash only” most people will suddenly be out of cash.
However, I consider my life worth nothing to me; my only aim is to finish the race and complete the task
the Lord Jesus has given me—the task of testifying to the good news of God’s grace. Acts 20:24

"This man really is the Savior of the world!" John 4:42

Look, he is coming with the clouds, and every eye will see him, even those who pierced him;
and all the peoples of the earth will mourn because of him. So shall it be! Amen.
I am the Alpha and the Omega, " says the Lord God, who is, and who was, and who is to come, the Almighty." Revelation 1:7

I do not own the rights to any video posted, they are for educational/entertainment purposes only.
KoFFee_ (OP)

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06/16/2012 10:42 PM
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Re: 20 Reasons Why America’s Next Bank Holiday Will Be a Nightmare
10 Things That We Can Learn About Shortages and Preparation From the Economic Collapse in Greece

#1 Food Shortages Can Actually Happen

#2 Medicine Is One Of The First Things That Becomes Scarce During An Economic Collapse

#3 When An Economy Collapses, So Might The Power Grid

#4 During An Economic Collapse You Cannot Even Take Water For Granted

Read the rest here:

[link to lewrockwell.com]
However, I consider my life worth nothing to me; my only aim is to finish the race and complete the task
the Lord Jesus has given me—the task of testifying to the good news of God’s grace. Acts 20:24

"This man really is the Savior of the world!" John 4:42

Look, he is coming with the clouds, and every eye will see him, even those who pierced him;
and all the peoples of the earth will mourn because of him. So shall it be! Amen.
I am the Alpha and the Omega, " says the Lord God, who is, and who was, and who is to come, the Almighty." Revelation 1:7

I do not own the rights to any video posted, they are for educational/entertainment purposes only.
Anonymous Coward
User ID: 8084990
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06/16/2012 11:03 PM
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Re: 20 Reasons Why America’s Next Bank Holiday Will Be a Nightmare
#16-Formerly distributed as “Food Stamps”, the USDA‘s Supplemental Nutrition Assistance Program (SNAP), provides benefits to low income families through Electronic Benefit Transfer (EBT) card payments.

These cards look much like credit cards. And like checks, EBT payments are all routed through the ACH network. Again, this is a network that is inside banking system firewalls.

If the banking system goes into holiday mode, then it may take days or even weeks to get EBT processing back on line. If the EBT payments stop, we can expect riots in metropolitan areas in less than a week.
 Quoting: KoFFee_


No you can expect full on rioting and looting on the third day and house to house raiding on day 7. On day 15 the bodies will disappear from where they have fallen...do you understand?
KoFFee_ (OP)

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06/17/2012 01:10 AM
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Re: 20 Reasons Why America’s Next Bank Holiday Will Be a Nightmare
"The FUD factor (Fear, Uncertainty and Doubt) will be overwhelming."
However, I consider my life worth nothing to me; my only aim is to finish the race and complete the task
the Lord Jesus has given me—the task of testifying to the good news of God’s grace. Acts 20:24

"This man really is the Savior of the world!" John 4:42

Look, he is coming with the clouds, and every eye will see him, even those who pierced him;
and all the peoples of the earth will mourn because of him. So shall it be! Amen.
I am the Alpha and the Omega, " says the Lord God, who is, and who was, and who is to come, the Almighty." Revelation 1:7

I do not own the rights to any video posted, they are for educational/entertainment purposes only.
LindaE

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06/17/2012 03:40 PM
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Re: 20 Reasons Why America’s Next Bank Holiday Will Be a Nightmare
Everyone needs to consider the info in this article!

The thought of trying to get food from the grocery store and being turned away because you don't have cash, and you have a family to feed should make people stop, think, and start acting (quietly) to remedy the situation.

Sounds like a stop on Monday by the bank to take out a bit.bump
KoFFee_ (OP)

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06/17/2012 04:04 PM
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Re: 20 Reasons Why America’s Next Bank Holiday Will Be a Nightmare
Everyone needs to consider the info in this article!

The thought of trying to get food from the grocery store and being turned away because you don't have cash, and you have a family to feed should make people stop, think, and start acting (quietly) to remedy the situation.

Sounds like a stop on Monday by the bank to take out a bit.bump
 Quoting: LindaE


Many people have been preparing for a while now in terms of what they will do financially when the collapse comes.

But there are still many who haven't. They wait for things to get heated up before moving out of their comfort zone.

Maybe this is one good reason for the article, that it will give people more food for thought when they see the devastating impact a Bank Holiday would have on an already dying economy.

I know it opened up my eyes to a few things.
However, I consider my life worth nothing to me; my only aim is to finish the race and complete the task
the Lord Jesus has given me—the task of testifying to the good news of God’s grace. Acts 20:24

"This man really is the Savior of the world!" John 4:42

Look, he is coming with the clouds, and every eye will see him, even those who pierced him;
and all the peoples of the earth will mourn because of him. So shall it be! Amen.
I am the Alpha and the Omega, " says the Lord God, who is, and who was, and who is to come, the Almighty." Revelation 1:7

I do not own the rights to any video posted, they are for educational/entertainment purposes only.
Anonymous Coward
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06/17/2012 04:28 PM
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Re: 20 Reasons Why America’s Next Bank Holiday Will Be a Nightmare
Everyone needs to consider the info in this article!

The thought of trying to get food from the grocery store and being turned away because you don't have cash, and you have a family to feed should make people stop, think, and start acting (quietly) to remedy the situation.

Sounds like a stop on Monday by the bank to take out a bit.bump
 Quoting: LindaE


Many people have been preparing for a while now in terms of what they will do financially when the collapse comes.

But there are still many who haven't. They wait for things to get heated up before moving out of their comfort zone.

Maybe this is one good reason for the article, that it will give people more food for thought when they see the devastating impact a Bank Holiday would have on an already dying economy.

I know it opened up my eyes to a few things.
 Quoting: KoFFee_


good thoughts thanks Koffee!
KoFFee_ (OP)

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06/17/2012 04:45 PM
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Re: 20 Reasons Why America’s Next Bank Holiday Will Be a Nightmare
Why You Absolutely Must Have Food Supplies, Hard Assets, And Reserve Cash

While many refuse to believe that it can happen, evidence for why it is absolutely critical to stock up for hard times and worst case scenarios is and has been staring us in the face for the last several years (never mind the thousands of years of historical precedent).

The latest warning signs are, once again, popping up in Europe and should be taken seriously, as it is only a matter of time before such events play out in the rest of the world, including right here at home:

Read more here:

[link to www.alt-market.com]
However, I consider my life worth nothing to me; my only aim is to finish the race and complete the task
the Lord Jesus has given me—the task of testifying to the good news of God’s grace. Acts 20:24

"This man really is the Savior of the world!" John 4:42

Look, he is coming with the clouds, and every eye will see him, even those who pierced him;
and all the peoples of the earth will mourn because of him. So shall it be! Amen.
I am the Alpha and the Omega, " says the Lord God, who is, and who was, and who is to come, the Almighty." Revelation 1:7

I do not own the rights to any video posted, they are for educational/entertainment purposes only.
Troubled Waters...

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06/18/2012 10:47 AM

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Re: 20 Reasons Why America’s Next Bank Holiday Will Be a Nightmare
Great thread, Coffee!

Just the thought of that happening is enough to scare you.

I DO NOT WANT DOOM!!!

hiding
DUST TO GLORY!!!
KoFFee_ (OP)

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06/18/2012 11:57 AM
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Re: 20 Reasons Why America’s Next Bank Holiday Will Be a Nightmare
Great thread, Coffee!

Just the thought of that happening is enough to scare you.

I DO NOT WANT DOOM!!!

hiding
 Quoting: Troubled Waters...


For now, be wise in your decisions regarding your finances.
:sgh:
However, I consider my life worth nothing to me; my only aim is to finish the race and complete the task
the Lord Jesus has given me—the task of testifying to the good news of God’s grace. Acts 20:24

"This man really is the Savior of the world!" John 4:42

Look, he is coming with the clouds, and every eye will see him, even those who pierced him;
and all the peoples of the earth will mourn because of him. So shall it be! Amen.
I am the Alpha and the Omega, " says the Lord God, who is, and who was, and who is to come, the Almighty." Revelation 1:7

I do not own the rights to any video posted, they are for educational/entertainment purposes only.

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