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Originally Posted by Friendsplacect
Well, I have a business and I would love to start handing them out to people.....But these are things that can not be deposited in a bank, I dont know why I would want to but customers would need to be informed for their use. I would love to go around and convince other businesses in the area to accept them.
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You can start by displaying this
http://www.kitco.com/LFgif/ag00-04.gif 5 yr chart at your cash(sic) register/s.
In addition, if I am not mistaken by becoming an associate/merchant you get color brochures
http://www.libertydollar.org/ld/press-kit/images.htm to hand out to your customers. Very informative.
You say “deposit” in a bank.
I went to my bank a few months ago and got hog washed, sheep dipped, hornswoggeled, and baffled with BS (imagine that, in a bank of all places) after asking a teller, a loan officer, then finally the bank manager a few questions;
Me: A sign on the door to this establishment states that all “deposits” are insured by the FDIC, is that correct?
BM: Yes we are FDIC insured.
Me: FDIC means Federal “Deposit” Insurance Company is that correct?
BM: Yes sir, that is correct.
Me: Is it true that if I were to “deposit” $100.00 in your bank you then can loan out 10 times that amount?
BM: (long pause) I’m not sure what you mean sir.
Me: you call it the fractional reserve banking system.
BM: Yes, we can secure loans in amounts more than our physical holdings.
Me: your establishment offers ‘free’ checking, interest baring savings accounts, and alike, right?
BM: Why yes, we offer our customers the finest services any bank can offer
Me: (this is where things got interesting) Well sir, for one; if your establishment were offering me a “service” I feel that I would be paying for that service. two, if there were a service it would be to protect my “deposit” instead of lending not only my deposit but ten times that amount to someone else. three, the responsibility of deposit protection I just mentioned your establishment has delegated to an insurance “company” posing as a Federal entity, and finally since you pay me to bring my money here I can only infer that it is NOT a deposit that I am making, but a loan. That having been said. How much of my money is covered by FDIC when in the near future the fed announces they can no longer cover THEIR debt?
And another long pause, and I was asked to leave.
Deposit? HA!
