Deposits Are Dangerous


Hello Mr. Livingston,

 We’ve been reading your newsletter for quite some time now.  I have a question. What do I do with $150,000 dollars in the bank?  I believe everything you are saying is about to happen and we are worried about losing our hard earned retirement savings. Please advise.

 Thank you and God Bless,


Dear Susan,

I am not a financial adviser and for legal reasons cannot provide advice on what you should do with your money. I can only tell you of the danger of keeping your money in banks. Bank deposits are now considered loans to the bank, making depositors unsecured creditors. Should the bank get in trouble, it can seize your deposits without compensation. In the event of a banking crisis, your bank deposits will get a “haircut,” as happened in Greece last spring. I explained this in detail here.

Best wishes,


Personal Liberty

Bob Livingston

founder of Personal Liberty Digest™, is an ultra-conservative American author and editor of The Bob Livingston Letter™, in circulation since 1969. Bob has devoted much of his life to research and the quest for truth on a variety of subjects. Bob specializes in health issues such as nutritional supplements and alternatives to drugs, as well as issues of privacy (both personal and financial), asset protection and the preservation of freedom.

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  • Shorty Stuff

    OK, I get it that you’re not a financial adviser and cannot dispense financial advice due to legal issues that (unconstitutionally) inhibit your 1st Amendment rights. But how about some anecdotal quotes regarding issues such as “what do you, or others you know, do with that much money”, and “how do you ‘hide’ or ‘invest’ your money so that you do not need to keep so much in the banks”, etc?

    • Bob Livingston

      Dear Shorty Stuff,

      You should keep cash on hand for 3-6 months expenses. The rest you should have in gold or silver… preferably silver. You should keep it in your possession.

      Best wishes,

  • Peter Osborne

    The food stored should be foods you like to eat, you buy new, pull the old food out, use it, the new replaces the old. Thirty years ago we made the mistake of storing grains, etc. 15 years later they went, unused, into the town landfill.
    Use the food every few months, after buying replacement foods, so it does not become garbage. BTW, Spam, cooked, is a pretty acceptable replacement for bacon, etc..
    When Obama was elected the first time, given his no growth no business is good business background, I bought oil and gas pipeline stocks and the like. have done well for a very small investor, The stocks are yielding 14 to18% annually based on original costs. Check Atlas Pipeline Partners and El Paso Pipeline Partners, for example. Missed the Dollar General and Family Dollar growth tho.. Likely there are others out there, but you must work hard at digging them out.

  • Carolyn Johnson

    How safe are Credit Unions?

    • Bob Livingston

      Dear Carolyn Johnson,

      Credit Unions are the same as banks… bad!

      Best wishes,