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When I was younger I remember my father took me to the Bank. He gave me $5.00 i gave it to the lady behind
the window and she gave me a passbook that showed my $5.00. My father explained that if I put money in the bank they would pay me 5 1/4% interest on all the money I put in my acccount. Well now everyone knows we won’t ever see that again with the Banks are talking about charging for deposits. Thats on top of the monthly fees.
So you think your money is insured by the F.D.I.C. well I don’t think you have a good graspon that and this is why. So the F.D.I.C. will pay you $250,000 on each individual account you hold in the same bank. Savings $250,000 C.D.’s $250,0000. Just one problem F.D.I.C. insurers 13 Trillion dollars but only has a little less than
10 Billion. Now math was my worst subject but it sure seems like a problem exists. Your not going to get your money. Sure friends of the banks will be warned in advance and they will get all the money they have on deposit. The rest will be left to fend for themself.
Now lets get to the reality all the banks are bankrupt. Right now they are planning to steal your moeny. Cyprus was just a test to see what would happen and what would need to be done or in real terms the best way to screw you and screw you good. First to the International Monetary Fund. Laws were changed so you money could be taken to pay the Banks short fall a new term is developed it’s the bail in. Plenty of bail in is going to take place. Oh, you didn’t know. In August Banco Esperito Santo in Portugal BAIL IN, CUSTOMERS SCREWED. 7 DAYS LATER, Investment Limited BAIL IN, Customers Screwed.
I suspect most know very little about what’s going on in Banking due to Normalcy Bias. Did you know that as soon as the Bank has your money it no longer belongs to you. You, I am sure have no idea of the amount of corruption in the U.S. The money tain is on it’s way. Nuext stop U S A. I strongly believe you read this below. The good news. If your money is out of the Bank and the financial system collapses all debt will have to be forgiven. Especially Mortgages as thre has been so much fraud nobody will be able to figure out who owns what.
http://www.popularresistance.org/docs/bail-in.pdf
You loose your credibility by not knowing the difference between lose and loose!
Thank you for pointing that it out