Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

What History Says for Gold Stocks in 2018-2019
By: Jordan Roy-Byrne CMT, MFTA

Jack Chan's Weekly Precious Metals Market Update
By: Jack Chan

Synchronized Global Growth May Have Arrived
By: Frank Holmes

Asian Metals Market Update: November-21-2017
By: Chintan Karnani, Insignia Consultants

Gold Seeker Closing Report: Gold and Silver Give Back Friday’s Gains
By: Chris Mullen, Gold Seeker Report

Operation Twist By Another Name and Method?
By: Gary Tanashian

SWOT Analysis: Gold Bounced Back After Attempts to Knock Down Price
By: Frank Holmes

Hyperinflation in Zimbabwe – It’s back, but maybe not for long
By: JP Koning

Gold Versus Bitcoin: The Pro-Gold Argument Takes Shape
By: John Rubino

Inflation and Counterfeit Credit
By: Keith Weiner

 
Search

GoldSeek Web

 
How to Make Sure the Government Can’t Freeze Your Bank Account


 -- Published: Wednesday, 2 September 2015 | Print  | Disqus 

By Justin Spittler

If you wake up tomorrow and your bank account is frozen… what will you do?

You probably remember when the financial crisis in Greece was dominating headlines a few weeks ago.

For years, Greece spent more than it took in. This led to a financial crisis that looked like it might destroy Europe’s financial system.

The Greek government closed all banks to prevent people from withdrawing all their money and crashing the banking system. Greek citizens could only withdraw €60 ($67) of their own money each day from ATMs.

European authorities eventually gave Greece a bailout... and the crisis dropped from the headlines.

But here’s something you probably haven’t heard from the mainstream media…

It’s now been two months and Greek people still can’t fully access their own cash.

Reuters reports:                                                                                            

Greek banks are set to keep broad cash controls in place for months, until fresh money arrives from Europe and with it a sweeping restructuring, officials believe.

“Broad cash controls” means Greek banks are essentially frozen. Greek people can withdraw only €420 ($460) per week of their own money.

More from Reuters:

The longer it takes, the more critical the banks’ condition becomes as a 420 euro ($460) weekly limit on cash withdrawals chokes the economy and borrowers’ ability to repay loans.

“The banks are in deep freeze but the economy is getting weaker,” said one official, pointing to a steady rise in loans that are not being repaid.

One Greek farmer can’t get enough cash to run his business:

It’s a nightmare. I owe many people money now - gas stations and firms that service machinery. I have to go to the bank every single day, and the money I can take out is not enough.

Short on cash, Greek people have resorted to bartering…

Reuters goes on to say:

A rising number of Greeks in rural areas are swapping goods and services in cashless transactions since the government shut down banks on June 28 for three weeks, restricted cash withdrawals and banned transfers abroad to halt a run on deposits and prevent a collapse of the banks.

“Bartering” means exchanging goods and services without using money. It’s how humans did business thousands of years ago.

Reuters reports how the Greek farmer is trying to survive the crisis:

Squeezed on all sides, the 41-year-old farmer began informal bartering to get around the cash crunch. He now pays some of his workers in kind with his clover crop and exchanges equipment with other farmers instead of buying or renting machinery.

Another farmer is trading cotton and wheat for bales of hay and machine parts, Reuters says.

This is a good reminder of something we stress often: the government controls any money you have in the bank. It can decide you’re not allowed to touch your own money at any time. Or it can put severe restrictions on how much money you can take out, like the Greek government is doing right now.

We began this essay with a question: what will you do if you wake up tomorrow and your bank account is frozen?

There’s no good answer. At that point, it’s too late. You need a plan in place before the government decides you can’t touch your own money.

This is exactly why we wrote Going Global 2015

Going Global 2015 is our guide to surviving financial crises.

It shows you specific and easy steps for protecting yourself and your family from the next financial disaster. And we’d like to send you a free copy of this hardcover book today.

You may think the odds of such a complete financial disaster happening in the US are low. But even if that’s true, it still makes sense to prepare.

You likely pay for fire insurance. Because even though your house is unlikely to burn down… the small risk of the financial devastation it would cause you is unacceptable.

A financial crisis can cause far worse financial ruin than a house fire.

And fire insurance costs hundreds or thousands of dollars per year. We will send you a free copy of this book.

We’ve done all the legwork for you. We went to foreign countries to open bank accounts. We talked to the best lawyers. We even found the one country that has never, EVER had a bank failure… and where it’s easy for an American to open an account.

The best thing about Going Global 2015 is it includes steps you can take, right now, to protect yourself, your wealth, and your family.

Most people have a huge misunderstanding about this topic. They think you have to be rich to use these strategies.

But Going Global 2015 will show you that’s not true at all. Almost anyone can tuck a few thousand dollars away in a safe foreign bank account... just in case the US banking system blows up again and the government can’t save it this time.

That’s what’s in it for you. You might be wondering… what’s in it for us? Why give away a book that we put so much work into for free?

Well, quite simply, we believe that by trying what is essentially a free sample of some of our best and most valuable work, you might want to do business again with us in the future.

There is literally no reason not to claim your free copy of Going Global 2015. We’ll mail the 233-page hardcover book to your front door. All we ask is that you pay $4.95 to cover our processing fee.

Click here to claim your free copy of Going Global 2015.


| Digg This Article
 -- Published: Wednesday, 2 September 2015 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2017



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.