• BullionStar
    05/30/2016 - 21:24
    The US Gold Market is best known as the home of gold futures trading on the COMEX in New York. The COMEX has a literal monopoly on gold futures trading volumes worldwide, but very little physical...

Bank Run In Ivory Coast

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Wed, 02/16/2011 - 17:03 | 967964 Pladizow
Pladizow's picture

Give me my goat and chicken now, Im taking them home!

Wed, 02/16/2011 - 17:14 | 967997 DoChenRollingBearing
DoChenRollingBearing's picture

Bank runs make my paranoia meter´s needle tick higher...  I guess I will take a few thousand more out of the bank when I get back. But, what to do with it?

Wed, 02/16/2011 - 17:35 | 968062 yabyum
yabyum's picture

DoChen, Dollar to doughnuts you will buy more PM's, maybe a gun? More ammo? God knows I would.

Wed, 02/16/2011 - 17:57 | 968097 I only kill chi...
I only kill chickens and wheat's picture

Keep in a fire proof safe. FRN's will command respect for

many months if we had bank runs here. The sheeple will take some

time to grasp the reality of paper value. Physical FRN's are

a very small portion of money supply, even if they crank

up the real presses. Hell the mint can't keep with silver

eagles. I've got a good supply of "junk" silver, 90% quarters

How you gonna break an oz of Silver for purchasing things

if it's worth 50 plus dollars.

Wed, 02/16/2011 - 17:07 | 967974 Ancona
Ancona's picture

It will spread like a wildfire. The people realize that these dictators have looted the nation and want to preserve tehir wealth in any way they can.

The same thing needs to happen here in America. Shut the fuckers down.

Wed, 02/16/2011 - 17:08 | 967976 william the bastard
william the bastard's picture

Bernanke's a gem ain't he?

Wed, 02/16/2011 - 17:09 | 967982 william the bastard
william the bastard's picture

...or the antiChrist

Wed, 02/16/2011 - 17:10 | 967985 cougar_w
cougar_w's picture

What a clusterfuck. We can see how much of finances is based on agreements. Who is the central bank? Who owns the nation's gold reserves? Who prints the money? Who can leave the country with any wealth in their pocket?

Thank goodness, in America we can answer all these questions clearly. /sarc

Wed, 02/16/2011 - 17:13 | 967991 I Am The Unknow...
I Am The Unknown Comic's picture

Now I know where all the chocolate easter bunnies are being held. Some people say the bank vaults are empty of chocolate and that there are only foil wrapped turds shaped as chocolate bunnies inside the vaults. Hmmm.....

Thu, 02/17/2011 - 02:33 | 969370 StychoKiller
StychoKiller's picture

Careful, some of those bunnies might really be chocolate-covered tungsten! :>D

Wed, 02/16/2011 - 17:13 | 967992 LoserTrader
LoserTrader's picture

FALSE

 

THE ARMAJARO FUND DOES NOT TRADE COCOA

 

ALSO ANTHONY WARD IS NOT ITS MANAGER: JOHN TILNEY IS

 

ANTHONY WARD MANAGES THE CC+ FUND

 

DO YOUR HOMEWORK

Wed, 02/16/2011 - 17:14 | 967999 cougar_w
cougar_w's picture

TURN YOUR CAPS OFF AND DON'T

 

INSERT EXTRA RETURNS

 

BETWEEN PARAGRAPHS

Wed, 02/16/2011 - 17:18 | 968006 LoserTrader
LoserTrader's picture

BUT THIS IS MY

 

INSIDE VOICE

Wed, 02/16/2011 - 17:27 | 968040 DonnieD
DonnieD's picture

THE REAL COCOA

RETURNS ARE

ON ANOTHER

CONTINENT.

 

Wed, 02/16/2011 - 17:20 | 968012 aheady
aheady's picture

IT'S

 

SO

 

UNIQUE

Wed, 02/16/2011 - 17:21 | 968022 LoserTrader
LoserTrader's picture

they dont call me a loser for nothin'

Wed, 02/16/2011 - 17:40 | 968067 aheady
aheady's picture

: )

Wed, 02/16/2011 - 17:14 | 967996 LFMayor
LFMayor's picture

Give it about 3 days before the pangas come out and the butchering starts.

Wed, 02/16/2011 - 17:22 | 968024 lsbumblebee
lsbumblebee's picture

Interesting article on these bank runs: political unrest is being engineered in Muslim dominated countries to benefit Western banks:

"Islamic banks have been eating into Rothschild profits in the Middle East because: they don’t charge interest (Shariah Law), they are growing very rapidly among the world’s exploding Muslim populations, and (in these catastrophic economic times) they are more stable than western banks."

http://www.abeldanger.net/2011/02/egypt-and-tunisia-ngo-soft-war-islamic...

Wed, 02/16/2011 - 17:31 | 968049 SgtShaftoe
SgtShaftoe's picture

Someone please tell Ben to put down the effing keyboard.

 

http://freedomofoceania.blogspot.com/2011/02/playing-chess-go-and-insani...

Wed, 02/16/2011 - 17:48 | 968085 cxl9
cxl9's picture

Oooooh, a bank-run thread. I'll add my anecdotal experience. I live in Mexico. A couple weeks ago I sent my señorita into a large Banamex bank branch in Tijuana to pick up about 6000 pesos (about $500) in cash that I had transferred in. There was a long queue of people waiting, and a bank employee came out and announced that they had run out of money and would only be accepting deposits. Once their cash supply was replenished they would resume processing withdrawals. They went down the line of grumbling people and asked for any deposits. After about a half-hour they had enough money to resume normal operation and my señorita got her money. When she told me the story I was flabbergasted. How would a large bank run out of cash? (Banamex is part of Citigroup.) Why would they admit it? And why would people standing in line with cash be willing to part with it at that point? Simply amazing. True story, though.

Wed, 02/16/2011 - 18:02 | 968118 cougar_w
cougar_w's picture

Let's see:

Option 1: An IOU from the Bank backed by Citi, OR;

Option 2: Cash in your pocket on the sidewalk in Tijuana.

I suppose the idea is that the Bank will strong-arm the next depositor to get you your money. It's a gamble. They must have a lot of faith in the thugs at the Bank, or maybe in our thugs here in the US.

Wed, 02/16/2011 - 18:06 | 968131 gdogus erectus
gdogus erectus's picture

Baaa-a-a-at's unbelievable!

Wed, 02/16/2011 - 18:23 | 968172 MarketTruth
MarketTruth's picture

It matters not the country you live in, ask yourself which do you trust the most: Your hard-earned savings in a bank or gold and silver bars in your hands.

Wed, 02/16/2011 - 20:07 | 968468 Lord Koos
Lord Koos's picture

Once again, savers and workers get fucked.

And time to stock up on dark chocolate...

Wed, 02/16/2011 - 21:51 | 968771 downwiththebanks
downwiththebanks's picture

A big issue here is the corruption of the Cote d'Ivoire elections, which were basically run by the "international community" specifically to install the IMF's little Uncle Tom, who goes by the name Outarra.

Gbagbo is no saint - he was Uncle Sam's boy only a decade ago - but this campaign is about White Capital destroying Black Africa.

Divide and conquer, using religion whenever possible.  Same as it ever was.

Thu, 02/17/2011 - 03:48 | 969436 serotonindumptruck
serotonindumptruck's picture

Not sure how relevant this might be, however the fact that China has been showing such great interest in the African continent might make this report worth passing on...

http://iraqwar.mirror-world.ru/article/242446

Abuja (AFP) Feb 11, 2011 - West African bloc ECOWAS criticised South Africa on Friday over a decision to send a "warship" to Ivory Coast, saying it was not notified of the move during the country's post-election crisis. James Victor Gbeho, president of the ECOWAS commission, this week said South Africa had sent the ship to Ivory Coast, but Pretoria's ambassador here said it was a support vessel dispatched to the region and not meant for any military purpose. The 15-member Economic Community of West African States (ECOWAS) has threatened to use force to oust Ivory Coast strongman Laurent Gbagbo if peaceful efforts to have him step down fail.

Thu, 02/17/2011 - 04:37 | 969468 Coldfire
Coldfire's picture

Keeping savings in a bank is Snooki-stupid.

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