U.S DEPARTMENT OF HOMELAND SECURITY HAS TOLD
BANKS – IN WRITING – IT MAY INSPECT SAFE DEPOSIT BOXES WITHOUT WARRANT AND
SIEZE ANY GOLD, SILVER, GUNS OR OTHER VALUABLES IT FINDS INSIDE THOSE BOXES!
According to in-house memos now circulating,
the DHS has issued orders to banks across America which announce to them that
“under the Patriot Act” the DHS has the absolute right to seize, without any
warrant whatsoever, any and all customer bank accounts, to make “periodic and
unannounced” visits to any bank to open and inspect the contents of “selected
safe deposit boxes.”
Further, the DHS “shall, at the discretion of
the agent supervising the search, remove, photograph or seize as evidence”
any of the following items “bar gold, gold coins, firearms of any kind unless
manufactured prior to 1878, documents such as passports or foreign bank
account records, pornography or any material that, in the opinion of the
agent, shall be deemed of to be of a contraband nature.”
DHS memos also state that banks are informed that
any bank employee, on any level, that releases “improper” “classified DHS
Security information” to any member of the public, to include the customers
whose boxes have been clandestinely opened and inspected and “any other
party, to include members of the media” and further “that the posting of any
such information on the internet will be grounds for the immediate
termination of the said employee or employees and their prosecution under the
Patriot Act.” Safety deposit box holders and depositors are not given
advanced notice when failed banks shut their doors.
If people have their emergency money in a safe
deposit box or an account in a bank that closes, they will not be allowed
into the bank to get it out. They can knock on the door and beg to get in but
the sheriff’s department or whoever is handling the closure will simply say
“no” because they are just following orders.
Deposit box and account holders are not warned
of the hazards of banking when they sign up. It is not until they need to get
their cash or valuables out in a hurry that they find themselves in trouble.
Rules governing access to safe deposit boxes
and money held in accounts are written into the charter of each bank. The
charter is the statement of policy under which the bank is allowed by the
government to do business. These rules are subject to change at any time by
faceless bureaucrats who are answerable to no one. They can be changed
without notice, without the agreement of the people, and against their will.
People can complain but no one will care because this is small potatoes
compared to the complaints that will be voiced when the executive order that
governs national emergencies is enforced.
That order allows the suspension of habeas
corpus and all rights guaranteed under the Bill of Rights.
A look at the fine print of the contract
signed when a safety deposit box is opened reveals that in essence the signer
has given to the bank whatever property he has put into that deposit box.
When times are good people will be allowed open access to their safe deposit
box and the property that is in it. This also applies to their bank accounts.
But when times get really bad, many may find
that the funds they have placed on deposit and the property they thought was
secured in the safe deposit box now belong to the bank, not to them. Although
this was probably not explained to them when they signed their signature
card, this is what they were agreeing to.
During the Great Depression in the early
1930’s people thought that many banks were going to fail. They were afraid
they would lose their money so they went in mass to take it out, in what is
known as a run on the banks. The government closed the banks to protect them
from angry depositors who wanted their money back. Throughout history, governments
have acted to protect the interests of banks and the wealthy people who own
them, not the interests of depositors or box holders.
In a time of emergency, people will have no
recourse if access to their safe deposit box and bank accounts is denied. If
they are keeping money in a bank that would be needed in an emergency or in a
time when credit is no longer free flowing, they may not be able to get it
out of the bank. The emergency may occur at night or on a weekend or holiday
when the bank is closed.
The solution is to take emergency cash or
valuables out of the safe deposit box or bank account and secure them
somewhere else, like i
NON-REPLACEAn even better idea may be to close the
safe deposit box account completely, letting someone else entertain the
illusion of safety.
Americans have learned a few things since the
Great Depression. They now have the FDIC to liquidate any failed banks.
The FDIC promises to set up a series of dates
and times when safe deposit box renters can access their boxes by appointment
to remove their property and surrender their keys. The FDIC also promises to
mail bank customers an announcement of the dates for such events and include
a question and answer page that addresses safe deposit box access.
The people have the FDIC to give them back the
money they had on deposit that they were unable to get out of any failed bank
that carries FDIC insurance. Sheila Bair, head of the FDIC, promises that
depositor`s money will be available in 24 hours or less. But people should
remember that the FDIC is just another bureaucracy, and it`s probably best
not to rely on a bureaucracy in an emergency.
THE SAME HOLDS TRUE FOR STORAGE FACILITIES
DON’T PUT ANYTHING VALUABLE AND/OR
NON-REPLACEABLE IN ANY BANK OR STORAGE FACILITY
Read more: http://dinarvets.com/forums/index.php?/topic/52464-do-not-use-safety-deposit-boxes/#ixzz2P8YE4ocE
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