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?
1 posted on
12/11/2014 11:14:26 AM PST by
GilGil
To: GilGil
Hey, depositors will get a Chase IOU - it's exactly the same as money. They promise. :)
2 posted on
12/11/2014 11:17:17 AM PST by
Mr. Jeeves
(Heteropatriarchal Capitalist)
To: GilGil
The corruption of this country began with the corruption of the currency and financial system in 1913 and the establishment of the Federal Reserve.
3 posted on
12/11/2014 11:17:17 AM PST by
PGR88
To: GilGil
Too bad I’ve never heard of “Greg Hunter,” or “USAWatchdog,” before in my life.
Sensational predictions require sensational proof.
5 posted on
12/11/2014 11:20:51 AM PST by
Steely Tom
(Thank you for self-censoring.)
To: GilGil
It's either going to be the depositors or the government. I don't expect Jamie Dimon to come running in with his honeymoon money to pay for withdrawals.
8 posted on
12/11/2014 11:22:48 AM PST by
KarlInOhio
(The IRS: either criminally irresponsible in backup procedures or criminally responsible of coverup.)
To: GilGil
Only socialists and Commies believe in FDIC. If you want your money to be secure then you evaluate the risks. I could care less if insolvent banks take depositor money.
13 posted on
12/11/2014 11:27:05 AM PST by
impimp
To: Corporate Law
15 posted on
12/11/2014 11:28:38 AM PST by
timestax
(American Media = Domestic Enemy)
To: GilGil
18 posted on
12/11/2014 11:31:32 AM PST by
Las Vegas Ron
("Medicine is the keystone in the arch of socialism" Vladimir Lenin)
To: GilGil
Folks, if banks take your money, there will be no money.
What difference would it make if they take it or not?
When these banks go, we’re back to the barter system. That paper you have in your hands, hand it to the bank. It will be worthless.
23 posted on
12/11/2014 11:38:42 AM PST by
DoughtyOne
(GOP. GOPe. GOPeGads! GOPeWWWWWWWWWWWWW...)
To: GilGil
Well:
You will see White Riots, complete with looting & burning.
31 posted on
12/11/2014 11:46:06 AM PST by
DeaconRed
(You can't be old & wise until you have been young & stupid First.)
To: GilGil
Who is Greg Hunter? Do you know?
I can’t find anything on him using Google, other than that he has a blog called USAWatchdog.
33 posted on
12/11/2014 11:46:46 AM PST by
Steely Tom
(Thank you for self-censoring.)
To: GilGil
FDIC is backed by the government, and the government can print unlimited money.
non-issue.
the real issue is whether the money will be worth anything.
38 posted on
12/11/2014 11:51:05 AM PST by
TexasFreeper2009
(Obama lied .. the economy died.)
To: GilGil
Jokes on them!!!
I'm broke!!!!
LOOOLLLLLLL!!!!
45 posted on
12/11/2014 12:01:52 PM PST by
Lazamataz
(It's insanity to support those who hate us, no matter they call themselves Democrats or Republicans.)
To: GilGil
I would sooner trust the Mafia with my money.
At least they are honest.....................
50 posted on
12/11/2014 12:18:27 PM PST by
Red Badger
(If you compromise with evil, you just get more evil..........................)
To: GilGil
when a crisis comes it is now legal for the banks to take depositor cash to use as they please without repaying. If that happens, anyone seen wearing a suit will become a target.
56 posted on
12/11/2014 12:23:01 PM PST by
Bloody Sam Roberts
(Laws that forbid the carrying of arms disarm only those who are not inclined to commit crimes.)
To: GilGil
In a way this is good. It will force people to start examining the stability and solvency of their bank before they put any money in there.
To: GilGil
To: GilGil
64 posted on
12/11/2014 12:55:24 PM PST by
familyop
(We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
To: GilGil
Been thinking about this some more.
If/when this happens, the banking system will end. People won’t deposit anymore (which won’t hurt the banks much, you are not their main customer you are a product). What will happen though is large firms will start parking capital in something other than a bank.
Those firms are the real customers. Not the average Joe. If say, Apple decided to pull all of its funds and investments out of the US, it would crater the banking industry.
The only wild card is if the large banks cut a deal to protect the large firms.
70 posted on
12/11/2014 1:23:37 PM PST by
redgolum
("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
To: GilGil
“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.”
83 posted on
12/11/2014 2:43:37 PM PST by
Varsity Flight
(Extortion-Care is the Government Work-Camp: Arbeitsziehungslager)
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