That sucks.
During a collapse do they have control of what's in your safety box?

It's become mostly electronic now. Easier for the banks, since they don't have to worry about transporting, counting and securing all that dirty, heavy money.

Easier for the government too. Especially since the banks were basically forced to roll over after the subprime mess and allow the government access to everything to avoid going belly up. A withdrawal of as little as 5k, from your own account, will raise a flag. You can then be questioned as to why you want so much, of your own money, and for what purpose. The line used to be 10k, but the government, citing "the war on drugs", felt that any substantial cash withdrawal should be considered suspect.

Gone are the days when you could just access your cash without institutional or government interference. Not "having enough" cash on hand is simply a delaying tactic, to keep it out of your hands until it can be reported.

That sucks.
During a collapse do they have control of what's in your safety box?

Yes.

The government reserves the right to confiscate anything in safety boxes.

I am not going to say the economy cannot falter. I won't say that what happened in the Great Depression cannot happen again. Nor can I say that what is currently happening is going to cause a world wide meltdown. What I will say is that at this time we are in what we call a correction in the market and our economy. People panic way too easily these days. While I can't say I blame them we are just going through a slow down at this time. It is something that happens every few years as our economy ebbs and flows. That could change and things could certainly get worse. But right now we are not in any danger of banks closing, government take overs, etc. The markets are much more volatile these days so swings back and forth are larger than they used to be. And that can scare people.

I am no longer in the market. I don't have the stomach for the wilder swings any more. I feel our economy has been artificially kept depressed by our administration. So now the conspiracy theorist in me is saying that the administration is allowing this to happen at this time because Obama wants to cause national unrest. If he can claim Marshall Law in the U.S. He will continue to stay president for the next 4 years. Just throwing this out there for discussion. 

Individual banks don't carry a lot of cash on hand, you need to let them know in advance if you want a lot of cash. It's a safety precaution as branches don't have or need the means to store large amounts.

    Inspector.

   Lot of optimism from a Realtor.
Hawaii's market has been VERY predictable since the 50's
Can you say our real estate market is comparable to the previous 10  yr cyclical swings of the mid 60's 70's 80's, 90's, and 2005 (LOVED THAT ONE !)  ?
We're already a year or more in and even though there is  "product", sales are no where comparable to the past, even with the currently acceptable  interest rates.

   A lot of my post was blowing off steam at not being able to get MY cash  and warning others of the same.
(FYI it was a check cut from an escrow co.)
If 11 of us went to the bank to withdraw $5k each, it may be difficult for the 11th person.
Like 85% -90% of "wealth" is now electronic so even a mere power outage stops you from getting cash.

   Anybody on Oahu run short of cash when the Big Island Earthquake knocked out our power for a week ?
Remember banks closed, no ATM's,stores unable to accept CC ( no, not that CC,  credit Cards) !

Just saying you might not want to take that jug filled with pocket change to the bank. 

From what my friend (who works at a bank) said:



The main reason why there are 5,000-10,000 limits are due to drug trafficking.

If you deposit a large amount, they want to know where it comes from.

If you withdraw a large amount, they want to know where it's going.


Friend is also used to be a economist, and he said it's been policy for quite some time; nothing to worry about with regards to the economic collapse.

I've never wanted to run down to the bank and make a $10K withdrawal so badly in my life!!!

Yes.

The government reserves the right to confiscate anything in safety boxes.

Not doubting you or anything, but do you have anything to support that? And I mean in a legal way, not just some abusive government take whatever they want way.