Remember when Banks

[CJ6]

Remember when some Banks would give you a NEW rifle or shotgun ( Weatherby or Remington I believe) for a deposit CD of $1000 or $500. What ever happened to those institutions. Wouldn't it be nice to still have these options.

 

[fdshuster]

Roger: I'd rather see them return to the 4 & 5% interest rates paid on CD's, not the .04% that they typically offer today, then I can take my profit and buy whatever I want, not what they decide to give.

 

[4xforfun]

When you have the FED keeping the intrest rates artificially low, this is what happens!!

 

[Raythemanroe]

I don't remember this, but I would deposit money if I got a free gun! Lol

 

[Toolbreaker]

I remember our small town Chevy dealer offering, I think, a Winchester 94 with a new truck purchase. That was just a little bit back, '89 or so. I don't remember the bank doing much back then...pretty much like today .

 

[snakepit]

I remember back in 1960 while I was still in high school and going to Kresge Five & Ten Cent store (which years latter became K Mart) and buying a Sporterized Remington Model 1917 for $50, a original Model 1917 for $25 and a M1 Garand for $50. I did not have enough money and had to buy them on their lay away payment plan. I sold the regular 1917 and the M1 a couple of years latter but still have the Sporterized 1917. I still remember at Kresge the only rifles standing on stands were the sporterized rifles, all the others were just piled on top of each other on tables.

Also while in my high school English class we had to give a Visual Aid speech. I brought in my Sporterized Model 1917 and gave a speech about it, demonstrated it (dry fire) and passed it around the class for everyone to hold. Could you imagine doing that today!!!

 

[wapiti25]

When I was about 12 or 14 time frame I would walk thru town with my shotgun going hunting. Local "war surplus" store at about that time had Martini cadet rifles for about $20, my friend bought one a couple of years ago for $500.00. Wish we could go back and start over knowing what we know now maybe we would be smarter. I still have my 1917 Enfield that my dad bought for me from the NRA for $25.00, it's a 338-06 now with a Bishop stock that I fitted and checkered.

 

[stool]

remember a free toaster if you put 25 or 50 in a savings account ?
do you understand how they could afford it ?
banks are covered by law. rules and regs (cfr)...
there is an item called fractional banking..
i do not know the current number but at one time a bank had to keep 3% of its assets on hand in cash.
the rule was simple, someone deposits 100 you can loan or invest 97...this was real hard fixed currency.
along comes the flim flam.....
lets say some one deposits $3.....
you keep it on hand and loan 97.....of funny money/vapor currency.....
this is the single largest cause of currency failure in the usa...
while the us government CONTROLS the volume of currency in circulation, the banks have watered down its value...by large numbers..maybe not the full 97% but something over 50%..

this is not politics nor speculation nor conspiracy...its all fact....
they still do it today....

the amount of money owed on consumer credit cards exceeds the currency in circulation.

 

[22BRGUY]

remember a free toaster if you put 25 or 50 in a savings account ?
do you understand how they could afford it ?
banks are covered by law. rules and regs (cfr)...
there is an item called fractional banking..
i do not know the current number but at one time a bank had to keep 3% of its assets on hand in cash.
the rule was simple, someone deposits 100 you can loan or invest 97...this was real hard fixed currency.
along comes the flim flam.....
lets say some one deposits $3.....
you keep it on hand and loan 97.....of funny money/vapor currency.....
this is the single largest cause of currency failure in the usa...
while the us government CONTROLS the volume of currency in circulation, the banks have watered down its value...by large numbers..maybe not the full 97% but something over 50%..

this is not politics nor speculation nor conspiracy...its all fact....
they still do it today....

the amount of money owed on consumer credit cards exceeds the currency in circulation.

Since the inception of the Federal Reserve in 1913, the US Fiat dollar has indeed lost over 97% of it's purchasing power!

 

[normmatzen]

If any of you took the time to find out the cost of those guns due to lost interest, they were VERY expensive guns!!
Those banks depended on the customers not understanding compound interest and how much the bank made on the interest they didn't have to pay!

 

[MrMajestic]

Yes, I remember that! Was way too much money for me then! Plastered in the American Rifleman wasn't it? ???

 

[stool]

wrong..there is nothing wrong with a federal reserve...the problem was implementation.

controlling the volume of currency maintains value.....
the banking system killed that process....

the federal reserve banks are ALL PRIVATE CORPORATIONS with no public list of OWNERS.

ONLY RECENTLY HAVE THERE BEEN AUDITS OF THE FEDERAL RESERVE BANKS...
but none were for back taxes...none.

remember a free toaster if you put 25 or 50 in a savings account ?
do you understand how they could afford it ?
banks are covered by law. rules and regs (cfr)...
there is an item called fractional banking..
i do not know the current number but at one time a bank had to keep 3% of its assets on hand in cash.
the rule was simple, someone deposits 100 you can loan or invest 97...this was real hard fixed currency.
along comes the flim flam.....
lets say some one deposits $3.....
you keep it on hand and loan 97.....of funny money/vapor currency.....
this is the single largest cause of currency failure in the usa...
while the us government CONTROLS the volume of currency in circulation, the banks have watered down its value...by large numbers..maybe not the full 97% but something over 50%..

this is not politics nor speculation nor conspiracy...its all fact....
they still do it today....

the amount of money owed on consumer credit cards exceeds the currency in circulation.

Since the inception of the Federal Reserve in 1913, the US Fiat dollar has indeed lost over 97% of it's purchasing power!

 

[stool]

it was never about the interest on the deposit..NEVER...it was all about leveraging the deposit as 3% and the money made on the fabricated other 97%.......

If any of you took the time to find out the cost of those guns due to lost interest, they were VERY expensive guns!!
Those banks depended on the customers not understanding compound interest and how much the bank made on the interest they didn't have to pay!

 

[22BRGUY]

wrong..there is nothing wrong with a federal reserve...the problem was implementation.

controlling the volume of currency maintains value.....
the banking system killed that process....

the federal reserve banks are ALL PRIVATE CORPORATIONS with no public list of OWNERS.

ONLY RECENTLY HAVE THERE BEEN AUDITS OF THE FEDERAL RESERVE BANKS...
but none were for back taxes...none.

remember a free toaster if you put 25 or 50 in a savings account ?
do you understand how they could afford it ?
banks are covered by law. rules and regs (cfr)...
there is an item called fractional banking..
i do not know the current number but at one time a bank had to keep 3% of its assets on hand in cash.
the rule was simple, someone deposits 100 you can loan or invest 97...this was real hard fixed currency.
along comes the flim flam.....
lets say some one deposits $3.....
you keep it on hand and loan 97.....of funny money/vapor currency.....
this is the single largest cause of currency failure in the usa...
while the us government CONTROLS the volume of currency in circulation, the banks have watered down its value...by large numbers..maybe not the full 97% but something over 50%..

this is not politics nor speculation nor conspiracy...its all fact....
they still do it today....

the amount of money owed on consumer credit cards exceeds the currency in circulation.

Since the inception of the Federal Reserve in 1913, the US Fiat dollar has indeed lost over 97% of it's purchasing power!

I based my remark on the fact that a loaf of bread in 1913 was on average 7 cents compared to what it is today. I understand there are several methods of calculating the loss/gain of purchasing power however I felt the cost of a loaf of bread was pretty universal.

 

[Dave T]

What fdshuster said:

I'd rather see them return to the 4 & 5% interest rates paid on CD's, not the .04% that they typically offer today, then I can take my profit and buy whatever I want, not what they decide to give

.

Also don't forget what Micheal Morer did in one of his anti gun movies, when he went into one of those banks offering a gun if you open an account and he opened an account and got a new gun and how he glorified himself outside the bank with his new gun and used it against us. He deceived the bank officer so he could show how easy it is to get a gun in America.
Dave T

 

[hogpatrol]

When I was in high school (60s) , a bunch of us would hop in my buddy's pickup truck (looked like a Mogadishu operation) with pellet guns and .22s & head for Philadelphia International Airport to shoot rats at night. We'd ride around for a couple hours on airport property with jets so low you could almost touch them. Security would stop us, ask us what we were doing, "shooting rats" was the response & they'd say "how many did you get so far? Kill 'em all!" and just drive off. If we did that today, there'd be SWAT, homeland security, armored vehicles, helicopters and film at 11. ;D

 

[LitLBoy]

"Federal Reserve with no list of owners." How about we try the approximate 300 families that make up the Tri-lateral Commission. That's a little club that was put together by the Rockefeller family.
Bought my first hand gun when I was 14. Lunch break from 8th grade, walked down to the gun shop and bought the gun, back to school and put it in my locker, got on the school bus that night and rode home. Nobody seemed to mind.

 

[Grimstod]

I can't even remember this stuff offered by banks or truck dealers. I must be young lol

 

[LHSmith]

Pretty sure it was offered by the Bank of Boulder, and they were various grades of Weatherby's, i.e. Mark IV's or Vanguards........That I remember, what I did TODAY.....not so much.

 

[stool]

the us dollar was a controlled gold/silver back STABLE currency..
until kennedy took us off the silver standard.
it was not FIAT currency...never...it is still a currency with controlled volume in the market....

it may be worth less than it once was but it was never due to over printing/issuing..."fiat"...

remember a free toaster if you put 25 or 50 in a savings account ?
do you understand how they could afford it ?
banks are covered by law. rules and regs (cfr)...
there is an item called fractional banking..
i do not know the current number but at one time a bank had to keep 3% of its assets on hand in cash.
the rule was simple, someone deposits 100 you can loan or invest 97...this was real hard fixed currency.
along comes the flim flam.....
lets say some one deposits $3.....
you keep it on hand and loan 97.....of funny money/vapor currency.....
this is the single largest cause of currency failure in the usa...
while the us government CONTROLS the volume of currency in circulation, the banks have watered down its value...by large numbers..maybe not the full 97% but something over 50%..

this is not politics nor speculation nor conspiracy...its all fact....
they still do it today....

the amount of money owed on consumer credit cards exceeds the currency in circulation.

Since the inception of the Federal Reserve in 1913, the US Fiat dollar has indeed lost over 97% of it's purchasing power!