Safety Deposit Boxes Confiscated

For my friends that are keeping their heirlooms, wills, gold/silver/colored diamonds etc in a bank safety deposit box: please be careful. ABC News reported on a number of states that confiscate the contents of boxes to help fund their budget.

Even though the boxes were fully paid up and the owner HAD NOT MOVED they were seized as “abandoned.”

With California declaring a “fiscal emergency” a few days back do you think states will suddenly decide to stop this practice?


NOTE: ABC News has removed this video from YouTube. Right now you can still see the story and video here: [ http://abcnews.go.com/GMA/Story?id=4832471&page=1 ]

honeywell-safe1I bought one of these water-proof & fire-proof “mini-safes” at WalMart for $39.98. Then I stuffed it into a larger safe that has a “real” lock and is also fire rated. Did you know when you do this the fire rating numbers are additive? If both are fire rated for 90 minutes at X degrees the documents in the smaller safe are protected for 180 minutes at X degrees? Cool!

Scott Gallup

About these ads

12 Responses

  1. [...] Safety Deposit Boxes Confiscated - ABC via MeltDown 2011 12/5/08   [...]

  2. NOTE: ABC News has removed this video from YouTube. Right now you can still see the story and video here: [ http://abcnews.go.com/GMA/Story?id=4832471&page=1 ]

  3. [...] ABC News: Not-So-Safe-Deposit Boxes: States Seize Citizens’ Property to Balance Their Budgets Safety Deposit Boxes Confiscated Meltdown 2011 Est la cosa [...]

  4. Anybody know the link to the youtube video? I click on the video and it says it has been moved !!!

  5. [...] Safety Deposit Boxes Confiscated [...]

  6. I went into a credit union the other day to check on getting a box, and their vault was broken! They couldn’t get it to open! Ha!

  7. [...] Safety Deposit Boxes Confiscated For my friends that are keeping their heirlooms, wills, gold/silver/colored diamonds etc in a bank safety deposit box: [...] [...]

  8. Going down the pipe, the day will come when we have no rights at all. It’s time for war, a social war on all those miserable fools that try to control us, actually are controling us. Let’s go Venus Project. Share this.

    Ienzo: I fight along!

  9. Hal P., hide that safe well and make sure your family tells nobody about it. Not even relatives.

  10. It seems to me that the term is and has

    always been “safe deposit box,” that is, a box for depositing items

    into a safe. Because of the the way the syllables line up, however,

    SAFE-DE-POS-IT, people find themselves seemingly saying the word

    “safety.” As the concept of safety is part of the meaning behind

    depositing items into a safe, somehow people have found it simpler to

    add an extra “de” than to think about what they’re saying. I know,

    language is a living thing, changing over the years as words are

    invented and various idioms are brought into the mainstream (and as

    people get stupider) but we must fight against the creeping illiteracy

    brought on by the educational system that sends college graduates out

    into the workforce with a 6th grade reading level.

    Fighting the hopeless battle, I remain,

    yours truly

  11. That is way too scary! Thanks for posting this. Definitely investing in a safe for the house.

  12. [...] COMEX Informant? **new**  – Safety Deposit Boxes Confiscated **new**   – How the Fed Killed Us All  – Attack of COMEX Gold & Silver  – Pay Off [...]

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

%d bloggers like this: