Are We Being Set up to Lose Everything After the Exchanges?
U.S. GOVERNMENT ENDS BANK BAILOUTS - WILL SEIZE YOUR ACCOUNTS TO SAVE THE BANKS
Damon Geller
Dec 9 2016
After the 2008 global financial crisis, the U.S. Gov’t and Federal Reserve spent trillions of dollars bailing out the banks and propping up the markets. In the process, the national debt exploded to unsustainable levels and the Fed exhausted all its ammo. So with the U.S. rapidly going bankrupt, something else needed to be done to prevent the entire banking system from collapsing again.
Bank Bailouts Bankrupted the Nation
Everyone knows that the 2008 global economic collapse was caused by banks’ unregulated casino-style gambling. Instead of blackjack and slots, the banks bet massively on financial derivatives known as a “credit default swaps,” which Warren Buffett famously called “weapons of financial mass destruction.”
And when the system collapsed, not a single banker went to jail. Not a single major bank executive lost his job. Instead, the U.S. Gov’t and Fed spent trillions of taxpayer dollars bailing out the banks. This massive enabling of banking corruption drove our national debt to almost $20 trillion and has left us on the verge of national bankruptcy. Think they won’t do this again?!
Your Deposits Can Now Be Seized
So, how is the gov’t planning to bail out the banks this time? The simple answer is, they’re not, because the gov’t and Fed are broke. Instead, the U.S. Congress enacted the Dodd-Frank Wall Street Reform and Consumer Protection Act, which effectively ends gov’t bailouts for banks. Instead, the banks will be saved by “bail-ins.”
Simply put, bail-ins are capital pooled together from the failed bank’s own stockholders and creditors. Who are these stockholders? YOU! The new law gives the gov’t absolute power to freeze all bank accounts and use all your deposited money over certain limits to pay the bank’s creditors.
Think it won’t happen? It already has. Greece enacted a similar law recently. When citizens woke up one morning to make their normal ATM withdrawals, they discovered that their money had been frozen because of a sudden financial crisis. Bank depositors lost over 60% of their unprotected savings overnight!
When you make a bank deposit, don’t think for one second that the bank is merely holding your money for safekeeping. By federal law, you become a creditor to the bank as soon as you make the deposit. In other words, the money is now the bank’s to do whatever is legally allowed, and you are not guaranteed to get your money back over certain limits if something goes wrong.
And something will go wrong.
What most people don’t know is that the criminal banks are at it again, once again betting massively on dangerous credit default swaps, to the tune of over $30 TRILLION – 8 times the budget of the United States Gov’t and more than the entire value of the U.S. stock market!
Now that the banks have reopened the casino doors, experts predict that these financial WMDs will take down the global economy worse than we’ve ever seen. And under the new law, YOUR deposited money will be used to save the banks. But – you might object – don’t we have federal FDIC insurance to protect our bank deposits?
FDIC Insurance Is a Ponzi Scheme
Here’s the scary truth about the FDIC: The current total funds in the FDIC equal $47 billion, but the total deposits in U.S. banks is $10.1 TRILLION! This means that the FDIC can only cover ¼ of 1% of total U.S. bank deposits! The system could go bankrupt overnight! The bottom line: your money is NOT safe when the global banking system collapses.
So, what about your investment money? If you thought a 20-30% dip in your portfolio was bad after 2008, try an 80% collapse when the banking system completely falls apart! And, this time, the Fed and the U.S. Gov’t won’t be there to prop up the stock market and recoup your gains after just a few years. THIS collapse could be deeper and longer-lasting than any we’ve seen before – even worse than the Great Depression! (ARE WE BEING SET UP THROUGH THE RV/GCR TO LOSE EVERYTHING ONCE THESE EXCHANGES ARE COMPLETED?)
The One Asset That Can’t Be Touched
While the new law gives the gov’t absolute power over your bank account when the banks fail, there’s still ONE asset class that the gov’t & banks can’t touch: gold & silver. That’s because gold & silver aren’t numbers on a computer screen controlled by governments and banks. Gold & silver are physical assets that sit outside the banking system and outside the control of governments.
Not surprisingly, after the last global financial meltdown — when almost everyone lost their life savings — gold TRIPLED in just three years.
So ask yourself, are you okay with waking up one morning to discover your bank accounts have been frozen?
Are you okay with the gov’t seizing a huge percentage of your life savings to save the corrupt banks?
If not, then get your money out of the banks. Now. And protect your savings & retirement with the one asset class that thrives when governments and banks collapse: gold & silver. Do it now, before you have nothing left to protect.
https://www.wholesaledirectmetals.com/u-s-govt-ends-bank-bailouts-will-seize-your-accounts-to-save-the-banks/?cid=NewsmaxDedicated&st-t=NewsmaxDedicated
NESARA- Restore America – Galactic News
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Source: http://nesaranews.blogspot.com/2016/12/are-we-being-set-up-up-to-lose.html
