Posted on 12/24/2014 3:11:54 PM PST by dontreadthis
The events of the past few months seem astounding when taken in all at once. The plan to destroy the U.S. dollar and the American middle class is moving at an ever increasing speed.
At the recent G20 meeting the nations agreed that bank deposits would no longer be considered money. These bank deposits become the property of the banking institution and as such can be used any way the bank wants. This means that any money you deposit in a bank now is no longer yours but makes you an investor in the bank and subject to lose that money if a banking crisis takes down the bank.
The spending bill just passed by congress makes the American taxpayer responsible for any derivatives loses that banks may suffer. These derivative holders now have first priority when any funds are paid out and depositors are relegated to last place. FDIC insurance will have to pay out these funds but it has no where near enough money to pay the more than 300 trillion in losses that will be suffered in a banking crisis. That means any depositor has little hope of getting anything back. In order for depositors to get anything back massive money printing would have to take place making any payout amount to only pennies on the dollar.
(Excerpt) Read more at zerohedge.com ...
Get out of the banksss
into what
That's why she gave up her business and home and moved to the river in a camper.
My guns and ammo I consider far more important than $$... when push comes to shove and a financial collapse happens I’ll be fine.
I’ve been stuffing my money under my mattress but my back is killing me.
...in a van down by the river. But, the story does not end there.
Exactly why my money does not go into the banking system.
And where does it go? Into my banking system
Is it safe to go to Bitcoin? Seriously.
Sort of a self-fulfilling prophecy isn’t it?
im trying to get out
have some indvidule stocks i want to get rid of
im scart poopless
just think of all the gerd
So you think Ann Barnhardt is the cause of the banks getting ready to steal our money?
Maybe I’m missing something here, but my take on this is that if the strength of the middle class is contingent upon government guarantees of bank deposits, then the middle class never really existed in the first place.
Citation?
These bank deposits become the property of the banking institution and as such can be used any way the bank wants.
It's been the law for decades-- I suspect for centuries--that bank deposits become the bank's property and that depositors are unsecured creditors of the bank. That's how banking works; banks couldn't make loans otherwise.
An unofficial electronic-only currency that is “created” by playing something akin to Minecraft doesn’t strike me as being particularly stable or reliable.
No, but I think she removed all doubt as to her own circumstance declining.
It certainly does not. :)
My bed looks like that, but it is ammunition and handguns making the weird shape. not paper money.
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