Anyone taking cash out?

Why? Are you wanting to start a run on the banks tomorrow with your thread? LOL

yep...been taking it out all week (ATM withdraws) :)..at my bank after hours tonight I was in a line 5 deep and I pass another bank on my way home that had a line 3 deep at 9 pm....probably coincidence.....

If I were planning to take cash out, I sure as hell wouldn't announce it in a public forum...

yep, absolutely


jules
User ID: 272356
8/9/2007 10:29 PM Re: 49 FINANCIAL INSTITUTIONS HAVE TAKEN OUT LOANS FROM THE ECB'S EMERGENCY INJECTION Quote

pastor Wilkenson said just this past sunday (listen towrds the end of the message to watch the world markets crash within the next 2 weeks. he said this 4 days ago at his church in NYC!

God gave him a message to share.... I listened to the whole sermon. At times he sounded like he was going to cry.

The title of the message... "IN ONE HOUR EVERYTHING IS GOING TO CHANGE." Given Sunday August 5th

[link to worldchallenge.org]



MEXICO'S COMING ECONOMIC CRASH WILL CREATE CHAOS IN AMERICA

By: David Wilkerson-World Challenge

Pastor-Times Square Church

P.O. Box 260-Lindale, TX 75771

Spoken at a conference-late 80's Received T.P.J. August/1993

This prophetic vision of David Wilkerson from Lark of the Morning Prophetic Page's Archives, has been brought back to my mind by God with such force. We feel that this has bearing on the many prophetic warnings concerning The Gulf of Mexico, and provides an added dimension.

We do not share these things to make you to fear, but to cause you to see the need to press in with God so as to be prepared. Jesus warned of sleeping virgins who slept. Of how He came to His own apostles and found them sleeping in such a critical hour and had to say to them: "Sleep on..." Let it not be so with you

FROM DAVID WILKERSON'S PROPHETIC VISION:

It's about to happen---very soon, one nation, and I'm speaking prophetically--if I've ever heard anything from God in my life, I heard it-the nations,...Very soon a European or North African or Eastern nation is going to default on it's international loan and when that happens, within two weeks, Mexico is going to default. Mexico owes $100 billion ---80% of it to American banks---and here's what is going to happen: about two weeks after the first country goes bankrupt, (we're going to survive that, because most of that (money of the first country) is owed to European banks---German, Swiss and French banks---) but a second country is going to go down, probably Argentina or Brazil, and we'll kind of live that down and say: "Well, maybe it's not going to hurt," but two weeks after the first country goes down, Mexico's going to default on $100 billion.

And when the banks open the next day at 9 in the morning, $15 billion an hour is going to be withdrawn from our American banks---they're going to be running our banks---the Arabs---All the Latin American countries, they're going to be running our banks--and before the day is over, the U.S.A is going to have to declare a "bank holiday."

SIX MONTHES OF HORROR:

And we're going into six monthes of the worst hell America has ever seen---there's going to be chaos---not even the National Guard's going to be able to quiet it down---we're going to have to call out the whole U.S. Army.

Now I've had visions recently, for I've been in New York City and I was in Macy's in a vision, and I saw people walking around stunned because they couldn't get their money out of the bank.

Now I'm going to give you a word of advice, the first country goes bankrupt---I've documented this and I've got it sealed in an envelope, and I'm going to call all my friends and I'm telling you---this is the first time I've said it in a public meeting like this---but the first country that bellies up, you go get every dime you have---church get your money out of the bank--because there's going to be a bank holiday and you won't be able to get a dime for six monthes. Now, of course, there's going to be -restored, but the nation will never be like it is again.

There's going to be fearlike we've never known---judgment at the door. When I was at Macy's Dept. store in a vision and I watched people walking around stunned, they didn't know what to do, they didn't know what was happening; then a bunch of people walked into Macy's and suddenly went wild and began to steal and within an hour everybody---I saw the spirit of everybody in the store---they were robbing and stealing---they raped Macy's and destroyed five floors---Macy's was raped and ruined in a period of an hour or two.

That's just the beginning. Folks it's all in this book ( the bible) ---we've been warned and warned and warned---you can't tell me God hasn't warned us. You can't tell me God isn't saying something awesome here tonight in this church...we better get our prayer life straightened up, our lives straightened up, get rid of the idols, as Paul writes, and seeking the face of God in holiness or you're not going to be ready for what's coming. God's warning get ready and you'll not fear these things that come onto you and you'll start rejoicing, you'll not be afraid because your hands will be clean. You've been praying and God's building a wall of fire around you to keep you."

We'd like to teach you a song about God's protection. It goes like this.."There's a wall of fire around me...There's a wall of fire between my soul and the enemy. There's a wall of fire that you can't see...Between my oul and the enemy. There's a wall of fire around me. May it be so with us all...

[link to www.angelfire.com]

jules
User ID: 272356
8/9/2007 10:29 PM Re: 49 FINANCIAL INSTITUTIONS HAVE TAKEN OUT LOANS FROM THE ECB'S EMERGENCY INJECTION Quote

pastor Wilkenson said just this past sunday (listen towrds the end of the message to watch the world markets crash within the next 2 weeks. he said this 4 days ago at his church in NYC!

God gave him a message to share.... I listened to the whole sermon. At times he sounded like he was going to cry.

The title of the message... "IN ONE HOUR EVERYTHING IS GOING TO CHANGE." Given Sunday August 5th

[link to worldchallenge.org]

I'm getting it in twenties and they'll be sticking outta every pocket as I walk thru da hood.....

I'm Loo Sum Doh ya know....

A lot of people are living paycheck to paycheck and have nothing to take out.

what's the most cash they will give you?

I never kept my money in a bank to begin with..I just dont trust the fuckers.

The banks are there to fuck you over..and make a buck doing it.

I will NOT be fucked over by any cunt..particularly fucking BANKS!!

I took my money out a year ago because of GLP. Now I have bad dreams about home invasion.

YEAH! I'll go into my credit union tomorrow and strip out every penny except the minimum balance [$25.00] required to keep an open account... just like I do EVERY payday.

took an early cashout of my IRA and plan on investing in hard assets like silver, guns, food, etc.

THE DOOM

JESUS!

Y E S

I've been cashing my checks instead of making deposits for about 6 months now, in preparation for ?? I don't know what... just felt led to do this. I've also been storing up food and water during the same timeframe. Again, just felt led to do this. Take a lesson from the ant... the ant collects and stores up food all summer in preparation for the lean winter.

I think it is wise to witthdraw your money, in small bills, to have on hand. Though in the aftermath of a crisis like the one David Wilkerson envisions, food, water and other essentials may be the new currency.

Pray and discern!

Money will be worthless! Buy rice and beans,beef jerky, protein bars, ammo and water! The grocery shelves will be empty the first day! Don't buy any toilet paper, you can use your worthless money to wipe with!

I tend to agree. Also, antibiotics, anxiety meds, fuel.

Sounds like there's a run on banks.

Uhm. No?

yep

I posted new thread about bro David seeing this and telling his church last week. I am doing it and buying gold on Monday. Tuesday is always the day after bad Monday.

Black Tuesday again looks like it!!!

Get a ccw license and pactice. I carry 18 hours a day....

No.

Started mine LAST week,

DON'T wait for Monday morning crash; take some out NOW, fools ! Once they STOP filling those ATMs, STOP cashing ANY checks, YOUR screwed !

Depends, on what i don't know, but my banks essentially said they couldn't name a max amount - for me to tell them how much i wanted then they would say yea or nay. Apparently if it's over a couple thousand, and contingent upon what type of customer you are, and the size of the branch/bank, they might have to 'order' money for you. Could day days, or a week. Or more. They've been very coy.

this is not a very cheery thread.

Yep. As soon as the check clears. Should be about Wednesday.

CDO's house of cards falling






Collateralized debt obligations face funding woes
Bloomberg NewsPublished: July 24, 2007

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LONDON: The Wall Street money machine known as collateralized debt obligations is grinding to a halt, imperiling $8.6 billion in annual underwriting fees and reducing credit for everyone from Henry Kravis, known for his leveraged buyouts, to homeowners.

Sales of the securities - used to pool bonds, loans and their derivatives into new debt - dwindled to $3.7 billion in the United States this month from $42 billion in June, JPMorgan Chase said Monday. The market is "virtually shut," the bank said in a report last week.

Investors are shunning collateralized debt obligations after the near collapse of two hedge funds run by Bear Stearns that owned the securities. Standard & Poor's downgraded bonds tied to 75 CDOs amid record default rates on mortgages provided to people with poor credit. Concern about losses on home loans are rattling investors across the credit spectrum.

"We're walking on thin ice," said Alexander Baskov, a fund manager for Pictet Asset Management in Geneva. "People are trying to find value and the right price, and right now nobody knows what it is. Pretty much everyone is in the dark."

Investors are demanding yields 10 percentage points higher than benchmark rates to compensate for the risk of losses on some of the lower investment-grade rated parts of CDOs, up from four percentage points at the start of the year, according to data compiled by Morgan Stanley.

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The shakeout is leading firms from Maxim Capital Management in New York to Axa Investment Managers in Paris to delay or scrap planned CDO sales.

Maxim began buying mortgage bonds for a new issue after completing its second deal in March. Its chief investment officer, Doug Jones, said he had slowed the purchases, having acquired only a third of the assets planned, partly because the bank underwriting the deal was concerned about the increasing volatility. He declined to identify the underwriter.

"We don't want to get too far along and create something that's not sellable," Jones said.

Axa Investment, which manages €4.7 billion, or $6.5 billion, of high-yield loans, abandoned plans to sell a collateralized loan obligation, a type of CDO that is backed mostly by corporate loans.

"CLOs are not that appropriate an instrument to offer investors given the current credit cycle," said Nathalie Savey, head of leveraged finance at the company in Paris. "There is so much uncertainty regarding spreads."

The slowdown comes as private equity firms like Kohlberg Kravis Roberts and Blackstone Group must borrow at least $300 billion in coming months to finance acquisitions, according to Baring Asset Management in London.

Buyout groups rely on collateralized debt obligations for 60 percent of the loans to finance U.S. acquisitions, according to JPMorgan.

"CLOs have been instrumental in funding the surge in LBOs and pushing down loan spreads," said Gunnar Stangl, head of index and bond strategy at Dresdner Kleinwort. "They provide constant institutional demand for leveraged loans."

Collateralized debt obligations also financed growth in lending to home owners with poor credit or high debt, known as subprime mortgages. About $50 billion in home loan debt rated BBB and BBB- went into CDOs in 2006, almost the same as the total sales of traditional mortgage-backed securities with identical ratings, Citigroup estimated in a report in April.

"For the last 18 months the majority of subprime ABS was bought by another securitization vehicle that issued further bonds," the report said.

The five biggest managers of U.S. CDOs include Bear Stearns and Credit Suisse Group, according to S&P. Their annual fees range from 0.04 percentage points to 0.75 percentage points of the amount of underlying collateral, depending on the type of the obligation and its performance.

Merrill Lynch is the biggest underwriter of CDOs, selling $55 billion worth last year, said a report this month by Bank of America, which cited data from Dealogic Holdings.

Citigroup is the biggest underwriter of CLOs, managing sales of $16.6 billion, and the second-largest bank underwriter of collateralized debt obligations. Bank of America Securities, Wachovia and Goldman Sachs are the next-biggest CDO underwriters.

On top of management fees, banks underwriting sales of collateralized debt obligations charge underwriting fees as high as 1.75 percent, compared with an average of 0.4 percent for selling regular investment-grade bonds, according to data compiled by Bloomberg. Banks collected $8.6 billion underwriting CDOs last year, according to a report last month by Kian Abouhossein, a JPMorgan analyst in London. They took in $3.8 billion more from related trading, investing and other activities, the report said.

Adjustable mortgage is halted

Wells Fargo has stopped offering a popular adjustable-rate mortgage designed for home buyers with troubled borrowing histories, becoming the latest lender to curtail its exposure to the subprime market in response to regulatory and market pressures, The Associated Press reported from San Francisco.

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Fortunately I have at least a year worth of preps at home and another years worth at my country home. I want the cash on hand for a "use it or lose it" situation. If the economic shtf, the worth of the dollar may only be good for a matter of days or weeks. I imagine ATMs empty, banks closed, and credit card transactions frozen. At that point, converting all cash into more useful items would be smart and merchants will want cash only.

Besides that its not like I'm losing a lot of interest with the money in my savings account. Nothing happens, I can redeposit it.