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No Bank Deposits Will Be Spared From Confiscation
Zero Hedge
As alert Zero Hedge readers are aware, this week the EURO Politburo is busy debating the dodgy subject of deposit “bail-ins.”
The following article very succinctly explains this odious mode of fractal fractional reserve end-game chicanery.
The author encourages all of you to share it with others.
WB7
NO BANK DEPOSITS WILL BE SPARED FROM CONFISCATION
By Matthias Chang Esq, futurefastforward.com (with author’s permission)
I challenge anyone to prove me wrong that confiscation of bank deposits is legalized daylight robbery
Bank depositors in the UK and USA may think that their bank deposits would not be confiscated as they are insured and no government would dare embark on such a drastic action to bail out insolvent banks.
Before I explain why confiscation of bank deposits in the UK and US is a certainty and absolutely legal, I need all readers of this article to do the following:
Ask your local police, sheriffs, lawyers, judges the following questions:
1) If I place my money with a lawyer as a stake-holder and he uses the money without my consent, has the lawyer committed a crime?
2) If I store a bushel of wheat or cotton in a warehouse and the owner of the warehouse sold my wheat/cotton without my consent or authority, has the warehouse owner committed a crime?
3) If I place monies with my broker (stock or commodity) and the broker uses my monies for other purposes and or contrary to my instructions, has the broker committed a crime?
I am confident that the answer to the above questions is a Yes!
However, for the purposes of this article, I would like to first highlight the situation of the deposit / storage of wheat with a warehouse owner in relation to the deposit of money / storage with a banker.
First, you will notice that all wheat is the same i.e. the wheat in one bushel is no different from the wheat in another bushel. Likewise with cotton, it is indistinguishable. The deposit of a bushel of wheat with the warehouse owner in law constitutes a bailment. Ownership of the bushel of wheat remains with you and there is no transfer of ownership at all to the warehouse owner.
And as stated above, if the owner sells the bushel of wheat without your consent or authority, he has committed a crime as well as having committed a civil wrong (a tort) of conversion – converting your property to his own use and he can be sued.
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In the agreement that everyone signs when joining a bank the legal language states a bank may at any time without any notice close your account and withhold funds until released by law. You agree by signing the agreement in full. You essentially gamble that the bank will stay solvent and not steal your money. The alternative is to not bank.
If you still have deposits in a BANK
you are a fool.
No banks for me. How about burying your money and your gold. hahaaaa
They do not need to take your money out of the accounts.
All they need to do is the same thing that they have being doing since the unconstitutional “federal” reserve took the sovereignty from the people of the USA.
Print more money = Steal a piece from each and every person that has a “federal” reserve note.
If you had 10,000 in the bank, you will stilll have 10,000 in the bank, except that it be worth 1,000 of todays.
When the unconstitutional “federal” reserve took control on 1913, the price of gold was $35 an ounce. Today is more than $1000 an ounce. Meaning that they have already stolen 96% of the value of the money of everyone. As ONLY gold and silver are legal tender.
yeah, the ONLY legal tender is the ONLY ILLEGAL tender here! that’s a sign for sure! it’s so far over our heads and out of control, the only thing we got left is 2nd amendment, and we need to implement it very soon or it’ll be lights out. we’re in terrible times right now and there ain’t no fixin it. we’re in such trouble, i can’t even imagine what it’s like to be excited about a new video game, iphone or computer. i wish i was so oblivious that all i cared about was a new phone! at least, i guess, those folks will be the first to die then we can have whatever phone we want! silver lining i reckon.
If any article here deserves to be shared, it is this one. I’ll bet only 1 out of 100 people really understand that when they deposit their money into a bank, they are essentially loaning money to a gambling addict.
Who in their right mind would do that if they understood that fact?