They just passed a law making you ahare-holder in your bank.
The value of shares changes.
Oh My God!. It’s the Illuminati and the Bittlebergers coming for our money again!
To Arms! To Arms! The ____(fill in the blank____) Are Coming!
Run while you can!!!!!
/ :)
Next week we are taking my Mom to get a safe and Mr. GG2 is going to bolt it to the floor so we can clean out her safe deposit box. Sooner rather than later we are going to see the haircut/bail in come to the US.
The FDIC has always been a fraud. Even though your funds are insured, there was never enough to pay the loses. That’s why, under the law they have up to 100 years to give you your money.
How come we are just now hearing about Spain? Oh, yea, our media deamed it a non story.
The national banking system in this country is just as reliable as the public education system.
They will probably track people who withdraw and if you take too much they will no know raid your house on suspicion of “Your money” being involved in the drug trade and they will take your money away by force...
When you are forced into direct deposit for retirement and SS, you are really screwed.
Nut-job Conspiracy Theory Ping!
To get onto The Nut-job Conspiracy Theory Ping List you must threaten to report me to the Mods if I don't add you to the list...
Steal the live savings of millions of Americans, and there will be little mystery in the sudden and violent demise of any number of bankers.
I stopped reading when he said that there had been a collaboration to treat all deposits as liabilities.
Deposits have been considered liabilities on the balance sheet since there have been banks and balance sheets.
FDIC insurance, as any insurance does, falls apart when the losses cannot be spread across a wide range of risk.
Take a few minutes to understand how stuff works and you will see that these guys do not understand the basics of money and banking. I think it was a junior level undergrad course. There are plenty of ways we will all get screwed. These just are not among them.
This is one way to finish the process of eliminating the smaller banks and CUs. The smaller institutions will fail and depositors/creditors will lose. Meanwhile, the big banks will be the only ones left and centralization will march on. It’s always easier for the government to control, monitor a few big institutions and ultimately eliminate cash.
I don’t think that it’s the plan to have the big banks fail and depositors lose their money because this would cause a greater demand for cash, PMs, barter which could create a competing system. If we look at Greece, we see real consternation from the EU masterminds, and instead of accepting another loan shark deal, the Greeks says no. Now, Greeks won’t trust any bank and are growing their own food, bartering, using cash and PMs. We are dealing with Fabians and incrementalists; the idea is for the people to slowly become habituated and to accept serfdom without waking up uniting and revolting against the uber elites.
Same thing is happening with health care. We probably will have only two or three companies left. Meanwhile, the small health insurance companies are done. Then we can have real rationing.
1 - Have any gov’t checks go to a bank.
2 - Keep your real money in a Credit Union
(yes, I know they’re “Federal”, but the rules are different)
Finally, there is an upside to being broke.
Breaking.....you sound paranoid and in desperate need for meds!
Would there be any protection in having $$$ in state banks rather than national banks?
That is theft. Period.
Taking funds that do not belong to you to purchase what you desire is plain old, garden variety theft.
If they want riots in the streets and dead bankers found in their beds then let them try.
We've come a LONG way, havn't we...
Folks,
It’s all funny money anyway. With today’s currency the Fed’s have the power to make any paper bills worthless with the touch of a button. The only real money has a commodity value. Like gold and silver.
You really thought it was about healthcare??