Posted on 12/11/2014 11:14:26 AM PST by GilGil
I’ve written about this other places and here for past week or so, and finally people are taking notice.
“It seems that the government has nationalized everything and when a crisis comes it is now legal for the banks to take depositor cash to use as they please without repaying. Ain’t utopia fun? “
This paradigm was put in place in the 08 bailout. It never materialized so now......
Their cover is Extortion-Care for them and their stockholders “insurance” companies. No one is suppose to benefit from an Extortion-Care policy but them.
from the Deciever from the beginning...”Resist the diabolis, and he will flee from you.”
Gold works so long as we have a "civil society." In an economic social order collapse gold is of little value if we have not law and order. In times like that weapons and ammunition are the most valuable commodity of all. Once order is restored, gold then again becomes a commodity of value.
In times of chaos, war and social fabric disintegration, he who rules has the gold. In times of order, he who has the gold makes the rules.
To put his in perspective let us ask ourselves the following: If you were pinned down in a fire fight and had just run out of ammo and there was no place to run, would you rather have ten 30 round mags of ammo for your rifle or ten pounds of gold?
Yes well many Freepers harbor socialist views. The human race survived for thousands of years without federal guarantees on bank deposits. Perhaps you could stop with the hyperbole.
Feel free to read the link at zero hedge about November 16th at G20 Summit in Australia.
This is not about the FDIC. It’s about cleaning out depositors bank accounts to pay derivative bets by Bank CEOs....and not returning any money to hard working Americans because instead of a bail-out it is a bail-in.
Seriously, do you think people deserve for government to allow banks to make their savings BANK CAPITAL? That’s not socialist...it’s promoting stealing someone else’s money.
Absolutely wrong. I completely disagree with limits on derivatives “bets by bank CEOs”. Research what your bank does and choose your bank accordingly. Perhaps distribute your money to various banks instead of putting it all in one bank. Why not buy a bond or real estate or stocks or something else which can’t be taken if the bank goes belly-up?
I think a bank and a customer can come to any agreement they want without the government getting involved.
You do not understand, this is not my opinion, this is a new international law...read about it yourself.
http://www.zerohedge.com/news/2014-11-12/russell-napier-declares-november-16-2014-day-money-dies
http://fxtradermagazine.com/monetary-policies/New-Banking-Rules.php
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