…So, when the markets fail, say farewell to the pension and insurance funds, but be prepared to survive institutional disruptions.
…So, when the markets fail, say farewell to the pension and insurance funds, but be prepared to survive institutional disruptions.
“Theoretically, we are protected by deposit insurance up to $250,000 in the U.S. and 100,000 euros in Europe. The FDIC fund has $46 billion, the last time I looked, to cover $4.5 trillion worth of deposits. So, even though we are protected by the FDIC, the FDIC is not going to have the money… This makes it legal for these big 30 banks to take our money when they become insolvent. They are too-big-to-fail.
they are hunting money like crazy stopping global capital flows resulting in higher systemic unemployment with greater volatility on the horizon. Go ahead and withdraw $20,000 in cash. Then the police will stand right behind you and confiscate it under Civil Asset Forfeiture presuming the MONEY is guilty without having to prove you committed any crime.
I found it very revealing from the media releases that Officials acknowledged the lost of the public’s TRUST.
Suspicious observers should ask, Why was the EBOLA Virus a major topic at the meetings?
Each year more financial criminality & breakdowns are revealed.
Market rigging/manipulation on steroids documented:
Lehman Bros, Bankers’ Mortgage liar loans, “Robo-Signing” fraud, LIBOR scams, Credit Default Swaps, Cyprus 1st of G-SIFI Bail-in policy implementation, FOREX, Energy price manipulation, aluminum price manipulation, mass surveillance, Detroit Pension funds, and more…
“FDIC insurance only covers consumer accounts if a bank is closed,”
[…]
We next turned to the OCC to better understand what regulations would govern stop check orders.
Federal statement: “You are required by the U.S. Department of the Treasury to switch to electronic payments. It’s the law. Get direct deposit NOW!”
the Seventh Circuit Court of Appeals, in Illinois, announced that once you deposit your money into the bank, the bank owns your deposit.
Bank of America has conspicuously co-mingled their derivatives debt with your savings account and as such they have every legal right use your money to cover their debt. Oh, they would never do that you say? I have bad news for the uninformed, they already have done that very thing.
[…]
Cash Transaction Report (CTR), a Suspicious Activity Report (SAR) and structuring. Before proceeding with the planed withdrawal of your money, I would strongly suggest that you read the following federal guidelines as it relates to CTR’s as produced by the The Financial Crimes Enforcement Network (FinCEN).
When a country intentionally tries to devalue its own currency, the very money in one’s bank account loses purchasing power.
Couple this to the fact that new policies are in place to enforce banks’ ability to confiscate depositor’s assets and you, as a bank depositor, would be foolish to not withdraw your savings…
when you are talking about four banks that each have more than 40 trillion dollars of exposure to derivatives you are talking about an amount of money that is almost incomprehensible.