Prepare now while there’s time. Forewarned is forearmed. Finance is a new form of warfare. It’s more powerful than standing armies. Banking giants run things. Money power has final say. Bank accounts aren’t safe. Depositor theft is coming. Doing so is called “bail-ins.” It’s code language for grand theft. Instead of breaking up, nationalizing, or closing down failed banks, depositor funds will keep them operating. Enormous amounts are there for the taking. They’re low-hanging fruit. It’s a treasure trove begging to be looted. Legislative shenanigans legitimize it. Proposed FDIC legislation lets it “take control of banks it deems systematically important and write down your savings (and other bank accounts) as part of the bail-in.” Depositor haircuts are the new normal. Banks legally own your funds. In return for IOUs or promises to pay. Banks once repaid depositors on demand. A joint December 10, 2012 FDIC-Bank of England (BOE) paper changed things. Plans to loot customer accounts were made earlier. The Bank for International Settlements originated them. It’s the privately owned central bank for central bankers. Major ones have final say. Looting depositor accounts is official policy. Cyprus wasn’t a one-off. FDIC insurance doesn’t matter. Funds in too-big-to-fail banks and others important to save are up for grabs. They have our money. We get IOUs in bank stock. Ready cash on demand is gone. Take the money and run replaced it. Depositors anywhere may be hung out to dry. Gold, silver and other valuables in safety deposit boxes aren’t safe. They’re crime families, not banks. They make make money the old-fashioned way. Through fraud, grand theft, market manipulation, front-running, pumping and dumping, scamming investors, buying politicians, bailouts with taxpayer money, and going forward stealing it outright from depositor accounts. veteranstoday/2014/10/16/2008-redux/
Posted on: Sat, 18 Oct 2014 16:49:19 +0000