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To: expat_panama

This sounds ominous...


37 posted on 11/16/2014 8:34:12 PM PST by Lurkina.n.Learnin (It's a shame nobama truly doesn't care about any of this. Our country, our future, he doesn't care)
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To: Lurkina.n.Learnin
sounds ominous...

Yikes you're right!   This article about gov'ts confiscating savings has got freepers calling for murdering bankers --imho it's a bit over the top.  Aside from all the 2nd hand hearsay, what are we really talking about here:

banks no longer recognize your deposits as money, but as liabilities and securitized capital owned and controlled by the bank or institution.

This is no different than what we've had for thousands of years.  Our deposits are the banks liabilities, which in turn make possible bank assets --securitized capital which banks own and control.   

65 posted on 11/17/2014 4:55:33 AM PST by expat_panama
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