I’m thinking State-chartered Savings & Loans, Credit Unions within a single state (but, perhaps with affiliated setups in other states), and other ways to bypass the Choke Point rules.
I’m looking at places to put my available money – friendly money-holders, local credit unions, savings and loans. Also, investments in individual companies (which comes with a big risk, as the work of the Federal Fundstapo may imperil that company, and put my investment in peril).
Any ideas?
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I use a state bank in Indiana that is so far friendly to firearms, they sponsor the National Muzzle Loading Shoots in Friendship, Indiana.
My checks have the crossed musket logo.
https://www.friendshipstatebank.com/about-friendship/history-and-vision
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Will they accept out-of-state customers?
Ahhh, the proverbial predicament of “Where do I keep my money”. In our present situation, extremely more end more unpredictable, it’s an ongoing problem since the demise of the local merchandiser, retailer, hardware store, feed store, the local bank, etc., etc., etc. More and more our purchases require purchases from not only retailers in other counties, but other states and often clear across the country, from mega stores. This, in my opinion, will be our ultimate downfall, and crash the entire economy. Simply because, except in rare instances, nothing is produced or provided locally anymore. Our just in time system will fail us when needed the most.
I have always and will always maintain that the best place to keep your finances is “In Your Pocket”. Cash is king and always will be. It may be a little harder to pay obligations but it can be done. Instead of having someone, banks, credit unions, etc. hold your money for you, you have a pocketful and can dole it out as you see fit. As recently experienced in Texas and numerous other states, no electricity, you are broke, unless you pay as I do, strictly by check. But still with that I’m relying on others to keep my funds for me.
You have to ask yourself, have we progressed from our grandparents system and beliefs or have we merely created a more complicated system of reaching the same ends….
Keep a pocketful of cash & coin, live and shop locally if at all possible, it may end up thats all you have left……..
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I’ve been thinking of the knights templar and their original system of letters of credit. Give them your money in France and then travel anywhere with your travelers checks. Money is secure and available as long as you don’t get excommunicated.
Convert to previous metals (silver, lead and gold) and store locally. I’ve slept better using the coffee can bank than any other bank. Not saying that I don’t trust bankers, (I do not) but nothing is stopping the government from giving depositors a ‘haircut’ like the Cypriot banks did several years ago. Eventually, the system will “redistribute” your assets “for the greater good”. Nothing new under the sun.
I sold a book back in the 1980s, and it wound up being printed by the UK division of the publisher, and they mailed a check payable by the Royal Bank of Scotland in British pounds.
The “service charges” for getting the check converted and cashed ran to almost a quarter of my first royalty statement, and I knew enough to know that was probably the largest I’d ever see. So, not desperately needing the money at the time, I wrote the Royal Bank to ask what it would take to open an account there.
Amazingly, just money. And I had a collection of marks and other currency I deposited too. No service charges for foreign money.
I know things have tightened up considerably since the 1980s, but the Royal Bank was paying twice the interest on a savings account than I was getting at my local bank, and compounding it more frequently.
Later I opened an account with a bank in Vancouver BC, having a bunch of Canadian customers who, for some weird nationalist reason, wanted to pay for things with Canadian money. I didn’t get near as good a deal in Canada, but it was okay. Every six months I’d draw the account down and have them send me a check in $USD.
Money in almost any foreign bank is still visible to the IRS, but if the economy in one country tanks, it doesn’t take *all* your money with it. Same with foreign investments, though I assume that’s much more complicated.