Catholic Info
Traditional Catholic Faith => The Catholic Bunker => Topic started by: crowbar on October 03, 2021, 02:21:35 PM
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I'm looking for a new bank or credit union. Any recommended institutions that are less part of the nєω ωσrℓ∂ σr∂єr and cultural Marxist agenda?
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There are lots of Catholic credit unions all over the place. Find one near you and do some research.
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Credit Unions are usually state or local entities with associations to large employee based companies or gov't workers although i think anyone can join. it would depend on where you are I suspect.
The point is to avoid large international and national banking like Wells Fargo etc. and keep it local
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Just a word to the wise....credit unions are preferable to big, corporate banks, yes. But...in the current financial atmosphere, credit unions are still part of the global financial system. So, any kind of stock market crash or bank crisis will still affect credit unions. Don't be under the assumption that credit unions are "safe", by any means.
The only safe alternative to the coming (unavoidable) financial crisis are the following:
1. Keep only the minimum amount of $ in the credit union/bank that you need to, to pay bills. All other savings, take out in cash, and have in your house (i.e. "under your mattress") or somewhere close.
2. Diversify your savings into 3 categories - cash, metals, essentials
a) "under your mattress" cash
b) fractional gold coins (i.e. 1/10th ounce, 1/4 or 1/2 ounce are best, for bartering purposes)
c) 1 ounce silver coins
d) "junk silver" coins (i.e. pre 1965 US quarters, dimes, nickels, which have about 70% silver)
e) or...buy things you need (or will need): extra clothes, socks, shoes, FOOD (canned food, long term food, ANY kind of food!), gardening supplies, car parts, laundry items, cleaning items, etc, etc.
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Just a word to the wise....credit unions are preferable to big, corporate banks, yes. But...in the current financial atmosphere, credit unions are still part of the global financial system. So, any kind of stock market crash or bank crisis will still affect credit unions. Don't be under the assumption that credit unions are "safe", by any means.
The only safe alternative to the coming (unavoidable) financial crisis are the following:
1. Keep only the minimum amount of $ in the credit union/bank that you need to, to pay bills. All other savings, take out in cash, and have in your house (i.e. "under your mattress") or somewhere close.
2. Diversify your savings into 3 categories - cash, metals, essentials
a) "under your mattress" cash
b) fractional gold coins (i.e. 1/10th ounce, 1/4 or 1/2 ounce are best, for bartering purposes)
c) 1 ounce silver coins
d) "junk silver" coins (i.e. pre 1965 US quarters, dimes, nickels, which have about 70% silver)
e) or...buy things you need (or will need): extra clothes, socks, shoes, FOOD (canned food, long term food, ANY kind of food!), gardening supplies, car parts, laundry items, cleaning items, etc, etc.
This... Physical goods and actual MONEY (NOT fiat) are king. Crypto is decent too if you know what you are doing because you can have access to the financial system while being outside of the goyim trap of the banking. Any situation where you are your own bank is king. I try to keep less than 1k in fiat at all times (recent months I have been bad at this, I have a little more in my bank account than I should) and I've done fine.
If you think you're terrible with money just start buying gold/silver instead of dumb stuff. Buy one ounce of silver instead of eating out every time you think you are going to. You'll get hooked and be helping your family.
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I have a Visa account with PenFed Credit Union (Pentagon Federal) and so far they've been good to me, though they have no local branches. They do have a relationship with Navy Federal CU, which is more widespread. I have no military affiliation, I just became a PenFed customer when my NRA Visa card was sold by MBNA to PenFed.
Credit unions are easily available to local residents pretty much everywhere, and aside from credit cards, I do not do business with banks. Too many bad experiences, and too few good ones. I have taught my son never to do business with a bank.
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I try to keep less than 1k in fiat at all times
I get where you're coming from, but this is too extreme, imo. Fiat will still be needed, even during a financial crisis (in cash form). Look at Venezuela - the fiat didn't disappear overnight.
Moderation is key - you don't want to tie up too much of your assets in metals. If things get crazy, it may take time to convert, or cost you lots in fees. You want to have "normal"/fiat cash during a crisis and then, when things calm down, you use metals.
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Just a word to the wise....credit unions are preferable to big, corporate banks, yes. But...in the current financial atmosphere, credit unions are still part of the global financial system. So, any kind of stock market crash or bank crisis will still affect credit unions. Don't be under the assumption that credit unions are "safe", by any means.
The only safe alternative to the coming (unavoidable) financial crisis are the following:
1. Keep only the minimum amount of $ in the credit union/bank that you need to, to pay bills. All other savings, take out in cash, and have in your house (i.e. "under your mattress") or somewhere close.
2. Diversify your savings into 3 categories - cash, metals, essentials
a) "under your mattress" cash
b) fractional gold coins (i.e. 1/10th ounce, 1/4 or 1/2 ounce are best, for bartering purposes)
c) 1 ounce silver coins
d) "junk silver" coins (i.e. pre 1965 US quarters, dimes, nickels, which have about 70% silver)
e) or...buy things you need (or will need): extra clothes, socks, shoes, FOOD (canned food, long term food, ANY kind of food!), gardening supplies, car parts, laundry items, cleaning items, etc, etc.
Good post. Just for the record, only pre 1965 dimes and quarters are 90% silver. “War nickels” that have a P, D, or S over the dome minted from 1942 to 1945 are 35% silver.
Honestly, If there is a big crash, I don’t think the dollar will be worth anything long term.
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Honestly, If there is a big crash, I don’t think the dollar will be worth anything long term.
Absolutely right. But what is "long term"? 12 months after the crash? 18 months? 3 years? My guess is, the elites will accelerate the crash/effects, so the dollar will lose value quickly (vs the scope of history), with quickly meaning 12-18 months. During that period, though, you'll still need cash. I could be totally wrong; could go quicker. Who knows?
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I get where you're coming from, but this is too extreme, imo. Fiat will still be needed, even during a financial crisis (in cash form). Look at Venezuela - the fiat didn't disappear overnight.
Moderation is key - you don't want to tie up too much of your assets in metals. If things get crazy, it may take time to convert, or cost you lots in fees. You want to have "normal"/fiat cash during a crisis and then, when things calm down, you use metals.
I'd agree if you just had metals as your alternative money, crypto is a bit more liquid and you don't have to go to a coin shop to convert it. I guess my primary concern would be financial censorship with a bank short term, not even financial collapse necessarily although at this point that seems an inevitability.
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If there is a serious event, your (((Federal Reserve Notes))) will probably be useful until close-of-business on Day #1 of the event. I think that is the main argument for having some cash. On Day #1 be the first in line. On Day #1 use plastic if you can, then cash, until businesses realize that they can't eat, drink, shoot, or smoke cash. Buy as much of everything you need until you have no cash, then get out of there. As the crowds build, your personal risk increases. Go with armed people so you can watch out for each other. The predators will be trying to be first in line—and they will follow you to your destination..
Cryotocurrency is interesting and risky.
Pros:
• Not even guns, ammo, and real estate have appreciated as fast as quality crypto (BTC, ETH, XRP, XMR).
• Some crypto is inherently αnσnymσus (XMR, DASH, ZEC) proving you don't make a meatspace mistake like buying it with plastic. (((.gov))) hates XMR because it is so secure, but XMR isn't very popular on the "clear net."
• BTC is NOT αnσnymσus. It is "peudonymous." It can however be "mixed" and so made αnσnymσus using services like Bitcoin Fog (caveat emptor: some mixers are scams that steal what you deposit, so use a mixer with a reputation). If you want to use Bitcoin Fog, use YaCy (preferably using I2P or second choice TOR) to search for the current .onion address.
• The right people hate it. :laugh1:
• Right now you can mine it and barely break even, but that mining will pay off big if you • Hold it until the crypto value increases relative to the (((Fed notes))).
Cons:
• It could be "disappeared" in an instant, e.g., internet down, seized by (((.gov))), EMP)
• Even if it isn't disappeared, crypto has been and will likely remain volatile.
• So few people use "cold storage" (offline "wallet" devices) of their crypto currency, that if the internet is down there will be almost nobody who can accept your cold storage "coins."
• Tax reporting of crypto transactions is required and attracts attention. (((They))) want to know everything about you to control (or liquidate) you.
I think of crypto as a long-term bet. A small gamble can pay off if you hold it until the right time—but you could lose it all, so don't buy crypto with your rent or mortgage money.
Metals
Pros:
• Metals have always had value.
Cons:
• You can't eat, drink, or smoke metal—but… you can cast projectiles with lead.
• It's heavier than cash.
• It's not easy to hide.
• If you can't carry it all, someone needs to guard it.
• If you spend metals in hard times, you will be noticed and targeted.
The purchase/sale premium you pay on fractional gold is not attractive to me. I think silver, even "junk silver, is a better idea for day-to-day small purchases.
Ammo & Guns: Do not ever barter ammo or weapons. They will be used against you at the earliest opportunity.
Of course there is risk to bartering food, water, alcohol, and "money," but I think the risk is too high when it comes to bartering ammo and guns.
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Absolutely right. But what is "long term"? 12 months after the crash? 18 months? 3 years? My guess is, the elites will accelerate the crash/effects, so the dollar will lose value quickly (vs the scope of history), with quickly meaning 12-18 months. During that period, though, you'll still need cash. I could be totally wrong; could go quicker. Who knows?
I’m on the same page, but depending on the severity of the crash they intend, it seems to me that “long term” could even be a month.
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1. Keep only the minimum amount of $ in the credit union/bank that you need to, to pay bills. All other savings, take out in cash, and have in your house (i.e. "under your mattress") or somewhere close.
This is not very good advice as you need to take into account inflation - your piles of cash will depreciate a lot in value over time, or rather in buying power. So you're still being fooled by the global fiat money system. Also in hyperinflation / crash scenarios, your dollars will instantly lose their value as opposed to a creeping loss of value. So no good outcomes there.
Another possibility would be to invest in stocks - ETFs are a good, simple long term investment for savings. Altough this still has the risk of market crashes, in the past the markets have always recovered after a few years. So ETFs are great for long term investment horizons.
A small portion of your net worth you could also put into cryptocurrencies, for example Bitcoin if you want to keep things simple. As long as the internet exists, Bitcoin will exist. As there only can ever be 21 million Bitcoins, their value will steadily increase over the next few years as the market grows. Some call it the "digital gold" because of that.
If you want to be absolutely safe, invest in precious metals (fractional gold coins, silver coins. You probably want to avoid bars as they're impractical).
The most important thing is to diversify between different asset classes and not just put all your eggs into one basket.
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If there is a serious event, your (((Federal Reserve Notes))) will probably be useful until close-of-business on Day #1 of the event. I think that is the main argument for having some cash. On Day #1 be the first in line. On Day #1 use plastic if you can, then cash, until businesses realize that they can't eat, drink, shoot, or smoke cash. Buy as much of everything you need until you have no cash, then get out of there. As the crowds build, your personal risk increases. Go with armed people so you can watch out for each other. The predators will be trying to be first in line—and they will follow you to your destination..
Cryotocurrency is interesting and risky.
Pros:
• Not even guns, ammo, and real estate have appreciated as fast as quality crypto (BTC, ETH, XRP, XMR).
• Some crypto is inherently αnσnymσus (XMR, DASH, ZEC) proving you don't make a meatspace mistake like buying it with plastic. (((.gov))) hates XMR because it is so secure, but XMR isn't very popular on the "clear net."
• BTC is NOT αnσnymσus. It is "peudonymous." It can however be "mixed" and so made αnσnymσus using services like Bitcoin Fog (caveat emptor: some mixers are scams that steal what you deposit, so use a mixer with a reputation). If you want to use Bitcoin Fog, use YaCy (preferably using I2P or second choice TOR) to search for the current .onion address.
• The right people hate it. :laugh1:
• Right now you can mine it and barely break even, but that mining will pay off big if you • Hold it until the crypto value increases relative to the (((Fed notes))).
Cons:
• It could be "disappeared" in an instant, e.g., internet down, seized by (((.gov))), EMP)
• Even if it isn't disappeared, crypto has been and will likely remain volatile.
• So few people use "cold storage" (offline "wallet" devices) of their crypto currency, that if the internet is down there will be almost nobody who can accept your cold storage "coins."
• Tax reporting of crypto transactions is required and attracts attention. (((They))) want to know everything about you to control (or liquidate) you.
I think of crypto as a long-term bet. A small gamble can pay off if you hold it until the right time—but you could lose it all, so don't buy crypto with your rent or mortgage money.
It's worth noting that cartels etc use encrypted radio networks to do crypto transactions. If the clearweb is hit by the killswitch there's a very good chance the privacy coins will continue on.
It's also worth noting that most things buried are NEVER found. Keeping a hardware wallet backup, a USB drive with survival books, silver, ammo etc in the ground is a very good idea as long as you own or have access to the land and understand the local water table. Make sure you can find the location and have permanent landmarks (not a bush or some small pebbles).
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I'd agree if you just had metals as your alternative money, crypto is a bit more liquid and you don't have to go to a coin shop to convert it
Yes, I think cryptos are an option but if online goes down, that could be a problem. Lots of unknowns.
I guess my primary concern would be financial censorship with a bank short term,
Yes, as history shows, when the markets have problems, typically banks shut down or severely limit access to your accounts. That's why you try to keep as little money in the banks as possible. The rest of the cash you need, keep it on hand...unless you want to stand in line for hours on end, waiting for an ATM, only to be able to pull out $50 a day. They will ration cash, just like they did in 2008 in some states.
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I’m on the same page, but depending on the severity of the crash they intend, it seems to me that “long term” could even be a month.
Not sure I follow you. After a crash, you will still need cash for a good period of time - a few years? - until the new financial system is unveiled. Look at the coronavirus "crisis"...things have changed in a big way, but it's taken 18 months now and we're still in the middle of it. Big changes happen slowly.
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This is not very good advice as you need to take into account inflation - your piles of cash will depreciate a lot in value over time, or rather in buying power. So you're still being fooled by the global fiat money system.
Some inflation is unavoidable; we've all been screwed by inflation for the past 60 years, slowly but surely. You have to have cash to buy things, even after a crisis. Argentina and Venezuela proves this. You can't walk into a grocery store and buy chicken using the barter system. They will only accept cash/card.
Also in hyperinflation / crash scenarios, your dollars will instantly lose their value as opposed to a creeping loss of value. So no good outcomes there.
Agree, but there's no avoiding it. You have to have some physical cash to buy stuff. Do not have a lot of assets in currency/cash, but you have to have enough to buy necessities.
The best scenario is to buy things you will need NOW, before inflation kicks into high gear - food, clothing, repair items - stuff you will need that can be stored.
Another possibility would be to invest in stocks - ETFs are a good, simple long term investment for savings. Altough this still has the risk of market crashes, in the past the markets have always recovered after a few years. So ETFs are great for long term investment horizons.
If you're going to invest, invest in hard assets (food, extra clothing, house essentials, self defense, car essentials, garden stuff, and metals). Even more important with the shortages that are happening now and will continue!
I would only invest in the market, at this point, if you had a lot of $ and could afford to play around.
A small portion of your net worth you could also put into cryptocurrencies, for example Bitcoin if you want to keep things simple. As long as the internet exists, Bitcoin will exist. As there only can ever be 21 million Bitcoins, their value will steadily increase over the next few years as the market grows. Some call it the "digital gold" because of that.
If you want to be absolutely safe, invest in precious metals (fractional gold coins, silver coins. You probably want to avoid bars as they're impractical).
The most important thing is to diversify between different asset classes and not just put all your eggs into one basket.
I agree with all this advice. You have to find the right balance between short term assets (money in bank, cash in hand, food at home) and long term (metals, long term food, extra house/clothing essentials).