The idea of a NATIONAL Bank is being batted around. People dont seem care - WHAT??? THE. GOVERNMENT. WILL. CONTROL. YOUR. LOCAL. BANK. That should scare you to death. What has the Government ever gotten its fingers in that 1. they ever got out of and 2. they ever made better? NOTHING...
So, now you taxpayers own an Insurance Company - Car Companies - Mortgage Companies and now the Government was the Banks. Next it will be the Energy Companies and we will be Venezuela (and that is not a good thing.)
When the Government first spent the $350,000,000,000.00 of the FIRST bailout (and its not working, by the way), the Government gave a bunch to banks. Some of the banks did not have a choice. There was a backroom meeting where the banks were TOLD by the Government that they HAD to take the funds. I made sure that my tiny local bank wasnt in it and I called Schwab to make sure they hadnt taken any. I had family/friends that banked with Bank of America and if that was me, I would have asked for CASH and closed my accounts IMMEDIATELY.
If the Government does make a Bank grab, I will be done with banking. It will be a huge pain, because I LOVE my check card - but I will be a cash only chick. I am a cash only chick, but I mean a REAL cash only as in only paper and coins. "Banks" like Charles Schwab that let you keep cash and also buy stocks with them arent a true "Bank" in the real sense, but if they could keep out of the Government's clutches, I would stick with them.
A Bank Grab will throw people back to a more elementary system. I see more and more people TRADING services and goods which will keep cash and the IRS out of people's business. Business will become more local again with buyers and sellers in a face to face transaction. I also dont see that as a bad thing. Doing business face to face makes both the buyer and the seller more responsible to each other. The seller cant screw the buyer or sell crap and the buyer will pay his debt. Its easy to ignore a debt to a faceless mammoth company - hard to do when you go to church with someone or see them on a regular basis. I see a rise in "store accounts" and not like credit card accounts today.
I see a rise in benevolence by stores/sellers - a rise in personal responsibility for buyers - a rise in the phrase TRUCK Garden. I actually had to Google the term when I first heard it. Most families of "yore" had a garden to feed the family - had pasture to feed the animals - and a garden to fill a truck to drive to the side of the road to sell, thus a Truck Garden.
A Bank Grab coupled with the CROOK that looks to be confirmed as Treasury Secretary and thus in charge of the IRS could be the catalyse to a resetting of our Government and our Country. I have long thought that it will be a TAX REVOLT that sends us back to the Constitution.
Imagine a resetting to the Constitution - Imagine a resetting to civility and responsibility - Imagine a resetting to business, service, LIFE being local and from some farm in China or Mexico....
I go back and forth between excitement for what is coming and dread....but whatever is coming - I WILL BE HERE and I WILL BE PREPARED!
I have a sister post about Gold and Silver that will post tomorrow....I think all this goes hand in hand so check back first thing in the morning - sorry, but I suck at teasers :)
Pray, Praise, Prepare