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"SAFE" DEPOSIT BOXES - BUT NOT NECESSARILY SAFE DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

"SAFE" DEPOSIT BOXES - BUT NOT NECESSARILY SAFE

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Post by UNEEK Sun Jul 14, 2013 9:41 am

I  submit this to you as a courtesy  for your own contemplation  -- Be wise - Be safe  - Be Very Cautious --  It  is called a "safe" deposit box -- not  a "safety" deposit box - and NOT necessarily safe -- UNEEK 

PS - I am not  promoting  distrust  or "fear" -  CAUTION - yes— UNEEK

 http://worldtruth.tv/do-not-use-safety-deposit-boxes/

U.S DEPARTMENT OF HOMELAND SECURITY HAS TOLD BANKS - IN WRITING - IT MAY INSPECT SAFE DEPOSIT BOXES WITHOUT WARRANT AND SEIZE 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 in a home safe. An 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


Last edited by UNEEK on Sun Jul 14, 2013 9:47 am; edited 1 time in total (Reason for editing : FORMATTING)

*****************
Greatness lies, not in being strong, but in the right using of strength; and strength is not used rightly when it serves only to carry a man above his fellows for his own solitary glory. He is the greatest whose strength carries up the most hearts by the attraction of his own -- Bryant

“When you judge another, you do not define them, you define yourself.” ― Wayne W. Dyer


To be persuasive, one must be believable;
To be believable, one must be credible;
To be credible, one must be truthful.

*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~
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Post by Kevind53 Sun Jul 14, 2013 4:43 pm

From a bank ... well actually a credit union ....

Debunking the Rumor Regarding DHS Access to Safe Deposit Boxes


April 9, 2013
A familiar rumor making the rounds online has elicited a number of phone calls from concerned credit union members in the Northwest.
The Department of Homeland Security (DHS) has, according to the rumors, issued memos informing financial institutions that DHS agents can access a safe deposit box without first presenting a warrant or a subpoena authorizing entrance. The rumor typically goes on to also give DHS agents the power to search, seize or photograph the contents of the box as evidence.
“Before the black helicopters and conspiracy theories start taking off, it is important to know that this is a rumor that resurfaces every few years,” said David Curtis, director of compliance services for the Northwest Credit Union Association (NWCUA). “The Department of Homeland Security has issued no such memo, and we don’t expect that we will see anything even remotely similar to this in the future.”
A few things to remember and share with staff or concerned members:

  • As a standard practice, credit unions do not ask members about the items that are stored in a safe deposit box. When the member signs the lease agreement, they are agreeing to not store certain items in the box (hazardous or explosive materials, among other things), but there is no requirement that the member disclose the contents of the box to the credit union at any time. The box contents are only necessarily known by the renter(s). So, how could DHS show up and demand that the credit union open boxes that contain gold, silver or cash if the credit union doesn’t know if any of the boxes contain these items?
  • If a law enforcement official showed up and demanded access to a safe deposit box without a warrant or subpoena, the credit union staff would not grant this request. All policies require that only the member or designated agents (such as a power of attorney) be allowed access to a box. A verbal demand from a law enforcement agent will not change that.
  • Even if a law enforcement officer did show up and request such an action (to access the box without a warrant or subpoena), the only option to open the box on demand would be for the credit union to have it drilled. Drilling is a time-consuming, expensive procedure, and unless a warrant or subpoena is present, a credit union will not drill a safe deposit box based on the request of a law enforcement officer.

It is important to ensure that members know that the contents of a safe deposit box are not recorded anywhere by the credit union while they are in the safety of the box. However, if the member fails to pay the rent on the safe deposit box, the credit union may (after following notification guidelines in the safe deposit policy, procedures, and contract) have the box drilled.
After the box is drilled, two credit union employees will detail the contents of the box, secure them in a tamper-proof container, and store the contents securely. If the member does not come into the credit union after a certain amount of time, the credit union may be required to send the contents (along with a detailed list of the contents) to the state’s unclaimed properties department. It is important to note that this is not seizure by the government—it is forfeiture by the member.
It is also important to ensure that members know and understand that the contents of a safe deposit box are not federally insured by the National Credit Union Administration (NCUA).
“If you do receive any questions from concerned members, you can assure them that this is a rumor,” Curtis said. “It has surfaced in previous years, including in 2006, 2008 and 2011, and has been debunked each time. Let your members know that their safe deposit box contents are safe from unauthorized access by law enforcement based on your policies and procedures—and the law.”

http://www.nwcua.org/posts/debunking-the-rumor-regarding-dhs-access-to-safe-deposit-boxes

*****************
Trust but Verify --- R Reagan Suspect

"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18

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Post by Kevind53 Sun Jul 14, 2013 4:48 pm

Here is another ... could the federal government pull another 1933 and size all gold assets? Yea, they did it once, and the law was never challenged or overturned per se, soooo ...... :

Speculative Specie Rumor: No, the DHS Cannot Seize Your Safety Deposit Boxes
by Jordan Long

It appears the recent financial crisis in Cyprus, which resulted in the government confiscating cash from personal bank accounts to satisfy the European Union, has ignited fears of something similar happening here in America. After all, it’s no secret that Washington is also drowning in a sea of red ink. Many fear the U.S. government will try to take similarly drastic actions. Besides worrying about possible parallels between Cyprus and the U.S, plenty of Americans are anxious about the prospect of inflation and more financial turmoil. In response many investors have purchased gold as a hedge against this uncertainty. Some fear a government reprisal similar to one of 1933, when President Franklin Roosevelt issued Executive Order #6102 outlawing private gold ownership in a bid to uproot the “forces of selfishness.”

These concerns have manifested themselves in the resurrection of an old internet rumor. According to these whisperings, the Department of Homeland Security drafted and circulated internal memos using the Patriot Act to justify inspecting and seizing the contents of bank safety deposit boxes. Since these often hold precious metals, it would be a covert way for the government to begin seizing gold and silver. Additionally, DHS supposedly prohibited bank employees from mentioning this fact to any depositors on penalty of termination of employment and prosecution.

All indications point to this rumor as specious with no legitimate foundation.

The earliest mention of this story comes in 2006, when an anonymous blogger posted a diary with ominous warnings from a family member managing a bank in California. According to this unidentified individual, DHS officials instructed employees during a training session that customers could not remove the contents of their safety deposit boxes during a declared national emergency without government approval. Furthermore the bank could not disclose this fact to anyone. Needless to say, one would hope readers would be extremely skeptical towards this is hearsay and purely anecdotal evidence.

The story didn’t end here. In 2011, yet another anonymous blogger reported a similar story about DHS memos which claimed the power to take over safe deposit boxes. This report was more specific, quoting these documents as saying DHS “shall, at the discretion of the agent supervising the search, remove, photograph or seize as evidence 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.” Yet, a search of this text leads only to more blogs, not to any law or government documents. The origin of the quote seems to be solely the 2011 anonymous blog post with no grounds for trusting in its authenticity. It has spread like wildfire from there, however, and continues to work its way through the Internet, gaining a new lease on life when the Cyprus crisis stirred more speculation. Still, all the recent reports continue to refer back to the dubious, anonymous 2011 comment.

The Patriot Act itself says nothing about safety deposit boxes. It does talk about interbank accounts. These refer to American banks holding the funds of foreign banks, and the Patriot Act considers those deposits as subject to seizure and sanction under certain conditions. That is not at all the same as safety deposit boxes. It also bears mentioning that the Department of Homeland Security did not exist at the time the Patriot Act was passed, and the only mention of the Office of Homeland Security in the text of the bill refers to immigration enforcement.

The only evidence existing for the safety deposit box confiscation fear is a dubious pair of blog posts. In other words, there are no grounds for buying into it.

President Roosevelt’s executive order banning gold ownership was eventually overturned by another executive order issued by President Gerald Ford in 1975. It was never repudiated by the courts and in theory could be implemented again by President Obama. Such a move would face vigorous legal challenge, and the administration has given absolutely no indication it is considering such a move.

America isn’t Cyprus, and this isn’t 1933. Your gold and the contents of your safe deposit boxes look safe, for now.

*****************
Trust but Verify --- R Reagan Suspect

"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18

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Post by UNEEK Sun Jul 14, 2013 10:15 pm



OK  maybe not DHS but what about the banks?  I cannot be sure but what can  you say  about this news  report? Watch the video Kevin and tell me what you think --


  Like I said I do not want to "promote' distrust or fear but  I do feel there is justifiable reasons to be very cautious -

 Please review this video from ABC News


http://abcnews.go.com/video/playerIndex?id=4835733


 Aso here is a link to homeland security pdf  file for anyone wishing  to read and see  what they can find


http://www.law.umaryland.edu/marshall/crsreports/crsdocuments/RL31873_09052003.pdf


*****************
Greatness lies, not in being strong, but in the right using of strength; and strength is not used rightly when it serves only to carry a man above his fellows for his own solitary glory. He is the greatest whose strength carries up the most hearts by the attraction of his own -- Bryant

“When you judge another, you do not define them, you define yourself.” ― Wayne W. Dyer


To be persuasive, one must be believable;
To be believable, one must be credible;
To be credible, one must be truthful.

*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~
UNEEK
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Post by Kevind53 Sun Jul 14, 2013 10:45 pm

They would have to have a locksmith drill out the locks to access the box. There are two keys fitting two separate locks on a safety deposit box, one held by the bank and one held by the customer. So yes they can access it, but it's not easy, and while foolproof, a safety deposit box is still a heck of a lot safer than your mattress or a strong box under your bed. The video is disturbing, but it was a bank operations issue, not a DHS on. Nor does the PDF appear to address the DHS. Thy are mentioned in the intro, but the rest of the article is about other regulatory agencies governing the financial world.

The reality is nothing is truly safe, nothing, you have to assess the risks and choose the ones you are comfortable with. Most banks are staffed by honest people who want to do the right thing. But people are people and they will fail. The industry I work in is highly regulated, and the company I am with places the highest value on ethics of any company I have worked with, but if you dig deep enough, you will find stories that would properly presented make us look like slime. That is the way it is, and the media are experts in doing this.

*****************
Trust but Verify --- R Reagan Suspect

"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18

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Post by UNEEK Sun Jul 14, 2013 11:13 pm

" The reality is nothing is truly safe, nothing, you have to assess the risks and choose the ones you are comfortable with. Most banks are staffed by honest people who want to do the right thing. But people are people and they will fail. The industry I work in is highly regulated, and the company I am with places the highest value on ethics of any company I have worked with, but if you dig deep enough, you will find stories that would properly presented make us look like slime. That is the way it is, and the media are experts in doing this."

Tis true Kevin - Sad but true --the Human element has weaknesses and  vulnerabilities - we all make our own choices and decisions and we all "choose" what we trust and believe -

I do have my concerns  and for now I do not feel comfortable with personal things in a banks vault - I also have concerns for safety in my possession - this is why I pray a lot and exercise a lot of faith and trust in divine protection  while I do my best to protect and exercise caution - lol

Thanks for your  feedback Kevin - I feel that you do  check things out  and arre very much "aware"

*****************
Greatness lies, not in being strong, but in the right using of strength; and strength is not used rightly when it serves only to carry a man above his fellows for his own solitary glory. He is the greatest whose strength carries up the most hearts by the attraction of his own -- Bryant

“When you judge another, you do not define them, you define yourself.” ― Wayne W. Dyer


To be persuasive, one must be believable;
To be believable, one must be credible;
To be credible, one must be truthful.

*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~
UNEEK
UNEEK
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Posts : 523
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