BANKSTER FED Bail In Scheme ready to launch.... WARNING
Apr 15, 2015 16:39:12 #
Here's for all the Geniuses that think their money's safe !
Bankster laws enacted by 8 family Think Tanked, authored and Paid off Representatives...
TAKING your Money
For the Doubters... live & learn !
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FDIC Plots a Bank Heist Involving YOUR Accounts
by Guy Christopher
There's a new front opening up in the war on your wealth. If you haven't heard yet of the bail-in, you will. Even if you have, you need to know the latest
The bail-in is another weapon in the government's arsenal of capital controls meant to reward Wall Street cronies and separate you from your money.
We've long been familiar with capital controls, such as daily limits on bank withdrawals. Add that to seven years of microscopic interest rates cannibalizing savers' nest eggs combined with planned inflation stealing your money while you sleep. But unlike the drip-drip we're used to, the bail-in will come upon you quickly, harshly, and with finality.
As the world faced a complete financial meltdown in 2008, Congress ponied up fresh taxpayer money $800 billion for openers and trillions since to bail-out favored banks and industries. Out-of-favor institutions were allowed to fail. Jobs, fortunes, and futures disappeared while unborn generations were saddled overnight with unpayable debt.
Congress and bankers noted the sharply disagreeable taxpayer reaction. So they recycled an old idea from the Great Depression's playbook next time, just steal bank depositors' life savings.
That tried and true tactic took a new name: the bail-in. The easy part the laws they needed had been in place for decades. But for added cover, they passed the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, a 1930's-styled, bank heist blueprint with a feel-good name.
Those laws altogether say your money in your bank account in your name is not your money. Those laws say the bank owns your deposited money, not you.
Wait...what?
Court cases have upheld for decades that putting your money in savings, a CD, or other banking products means you've become an unsecured creditor.
Your deposit is actually an unsecured loan to the bank with all the problems of counterparty risk! Instead of being presented with collateral, you get an IOU that pays a pittance in interest, or in many cases nothing.
A busted bank doesn't have to return your principal deposits. Unlike when YOU are the borrower and THE BANK is the lender, the bank didnt tender you a lawyered up promissory note or offer you a lien on its assets. Legally speaking, you may as well have handed your money to a stranger in the alley.
Unsecured creditor means just what it says: no security.
As banks went belly up during the Great Depression, slaughtering depositors' life savings, Congress offered reassurance that banks could be safe by creating the Federal Deposit Insurance Corporation, or FDIC. For decades thereafter, careful depositors walked the tightrope of spreading their deposits among various banks to qualify for insurance protection.
Every depositor should now be aware of the FDIC's congressional mandate to handle the next global economic meltdown. Readers can read that entire scheme here.
It's not an easy read because it was never meant to be. Here are some notes that might help
The Scheme's Fine Print Reads:
Bank Depositors Are Screwed
It's a joint plan with the Bank of England. Bankers see the next meltdown again going global. The title accurately names the sole intended survivors Globally Active, Systemically Important Financial Institutions. The document reveals a future meltdown was anticipated, discussed, and coordinated years before the publication date of December 10, 2012.
The language top of the group refers to creditors, stock holders, and bond holders. They are first in line for slaughter (p. ii, p. iii).
Resolution tools and resolution powers are used throughout the document. ...applying resolution tools to different parts of the group means FDIC has authority to make it up as they go (p.1, para 3). ...resolution authorities must not be constrained in exercising discretion means FDIC decisions carry absolute legal authority (p.1, para.4).
FDIC doesn't like the word save, as in save bad banks. FDIC substitutes the word resolve 18 times.
And then theres you, the unsecured creditor.
As it happens, unsecured creditors are quite important with the FDIC, appearing 11 times in the 18 page document. ...unsecured creditors should thus expect that their claims would be written down to reflect any losses that shareholders did not cover means we'll tell you how much you lost after we divvy up the take (p.6, para 12). That could also point to lowered insurance limits without notice, if any insurance is left at all.
...it will take time for losses to be assessed for purposes of recapitalization strongly hints at freezing any loot in accounts left behind (p.8, para 35).
Your consolation prize, if there's one at all, might be some government-issued bank stock you can't sell.
FDIC congratulates itself 9 times for not exposing taxpayers, never mentioning FDIC itself would be bankrupt after the first $50 billion in claims, leaving taxpayers to bail-out the very FDIC created in 1933 to shield their savings deposits. One single zombie bank could easily swallow $50 billion. Estimates of currently insured FDIC deposits exceed $6 trillion.
Bail-in Scheme Has Been Tested
and Is Ready for Use
The bail-in ripoff scheme has been successfully tested. Depositors in Cyprus found their savings largely wiped out early in 2013. That infamous bail-in was a test run, leaving the U.S. government's fingerprints all over Cyprus. It is significant to note Cypriot authorities claimed, on their website, the legal authority to change rules mid-stream at any time, just as the FDIC claims.
Low withdrawal limits stopped panicked depositors' last minute bank runs. As banks stole their deposits, no citizens stormed banks with pitchforks, no guillotines were hauled into the village square. Bankers from Cyprus to New York congratulated themselves all around.
Poland quickly followed, stealing not bank accounts but private pension funds. Authorities took 50% of Polish retirement funds overnight with the click of a mouse.
Bail-in plans have been adopted by Canada, Australia, and throughout Europe for future use. The G-20, representing the twenty largest national economies, rubber stamped approval for global bail-ins late last year, as has the International Monetary Fund. Just last week, Austria suddenly dumped its version of FDIC insurance altogether.
Governments facing economic annihilation across the globe are now legally authorized to seize banking depositors' savings, either all or in part, overnight, and without notice. The bail-in is a treasure map for bankers and governments at the next hint of worldwide economic calamity.
They know the next meltdown will be your grandfather's Great Depression.
Unlike the 1930's, there will be no point standing in long lines with hat in hand to ask for your money. By the time you hear the news, your money in the bank will already be gone.
Would you like to comment on this article?
If so, go here now.
Money Metals columnist Guy Christopher is a veteran writer living on the Gulf Coast. A retired investigative journalist, published author, and former
Bankster laws enacted by 8 family Think Tanked, authored and Paid off Representatives...
TAKING your Money
For the Doubters... live & learn !
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
FDIC Plots a Bank Heist Involving YOUR Accounts
by Guy Christopher
There's a new front opening up in the war on your wealth. If you haven't heard yet of the bail-in, you will. Even if you have, you need to know the latest
The bail-in is another weapon in the government's arsenal of capital controls meant to reward Wall Street cronies and separate you from your money.
We've long been familiar with capital controls, such as daily limits on bank withdrawals. Add that to seven years of microscopic interest rates cannibalizing savers' nest eggs combined with planned inflation stealing your money while you sleep. But unlike the drip-drip we're used to, the bail-in will come upon you quickly, harshly, and with finality.
As the world faced a complete financial meltdown in 2008, Congress ponied up fresh taxpayer money $800 billion for openers and trillions since to bail-out favored banks and industries. Out-of-favor institutions were allowed to fail. Jobs, fortunes, and futures disappeared while unborn generations were saddled overnight with unpayable debt.
Congress and bankers noted the sharply disagreeable taxpayer reaction. So they recycled an old idea from the Great Depression's playbook next time, just steal bank depositors' life savings.
That tried and true tactic took a new name: the bail-in. The easy part the laws they needed had been in place for decades. But for added cover, they passed the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, a 1930's-styled, bank heist blueprint with a feel-good name.
Those laws altogether say your money in your bank account in your name is not your money. Those laws say the bank owns your deposited money, not you.
Wait...what?
Court cases have upheld for decades that putting your money in savings, a CD, or other banking products means you've become an unsecured creditor.
Your deposit is actually an unsecured loan to the bank with all the problems of counterparty risk! Instead of being presented with collateral, you get an IOU that pays a pittance in interest, or in many cases nothing.
A busted bank doesn't have to return your principal deposits. Unlike when YOU are the borrower and THE BANK is the lender, the bank didnt tender you a lawyered up promissory note or offer you a lien on its assets. Legally speaking, you may as well have handed your money to a stranger in the alley.
Unsecured creditor means just what it says: no security.
As banks went belly up during the Great Depression, slaughtering depositors' life savings, Congress offered reassurance that banks could be safe by creating the Federal Deposit Insurance Corporation, or FDIC. For decades thereafter, careful depositors walked the tightrope of spreading their deposits among various banks to qualify for insurance protection.
Every depositor should now be aware of the FDIC's congressional mandate to handle the next global economic meltdown. Readers can read that entire scheme here.
It's not an easy read because it was never meant to be. Here are some notes that might help
The Scheme's Fine Print Reads:
Bank Depositors Are Screwed
It's a joint plan with the Bank of England. Bankers see the next meltdown again going global. The title accurately names the sole intended survivors Globally Active, Systemically Important Financial Institutions. The document reveals a future meltdown was anticipated, discussed, and coordinated years before the publication date of December 10, 2012.
The language top of the group refers to creditors, stock holders, and bond holders. They are first in line for slaughter (p. ii, p. iii).
Resolution tools and resolution powers are used throughout the document. ...applying resolution tools to different parts of the group means FDIC has authority to make it up as they go (p.1, para 3). ...resolution authorities must not be constrained in exercising discretion means FDIC decisions carry absolute legal authority (p.1, para.4).
FDIC doesn't like the word save, as in save bad banks. FDIC substitutes the word resolve 18 times.
And then theres you, the unsecured creditor.
As it happens, unsecured creditors are quite important with the FDIC, appearing 11 times in the 18 page document. ...unsecured creditors should thus expect that their claims would be written down to reflect any losses that shareholders did not cover means we'll tell you how much you lost after we divvy up the take (p.6, para 12). That could also point to lowered insurance limits without notice, if any insurance is left at all.
...it will take time for losses to be assessed for purposes of recapitalization strongly hints at freezing any loot in accounts left behind (p.8, para 35).
Your consolation prize, if there's one at all, might be some government-issued bank stock you can't sell.
FDIC congratulates itself 9 times for not exposing taxpayers, never mentioning FDIC itself would be bankrupt after the first $50 billion in claims, leaving taxpayers to bail-out the very FDIC created in 1933 to shield their savings deposits. One single zombie bank could easily swallow $50 billion. Estimates of currently insured FDIC deposits exceed $6 trillion.
Bail-in Scheme Has Been Tested
and Is Ready for Use
The bail-in ripoff scheme has been successfully tested. Depositors in Cyprus found their savings largely wiped out early in 2013. That infamous bail-in was a test run, leaving the U.S. government's fingerprints all over Cyprus. It is significant to note Cypriot authorities claimed, on their website, the legal authority to change rules mid-stream at any time, just as the FDIC claims.
Low withdrawal limits stopped panicked depositors' last minute bank runs. As banks stole their deposits, no citizens stormed banks with pitchforks, no guillotines were hauled into the village square. Bankers from Cyprus to New York congratulated themselves all around.
Poland quickly followed, stealing not bank accounts but private pension funds. Authorities took 50% of Polish retirement funds overnight with the click of a mouse.
Bail-in plans have been adopted by Canada, Australia, and throughout Europe for future use. The G-20, representing the twenty largest national economies, rubber stamped approval for global bail-ins late last year, as has the International Monetary Fund. Just last week, Austria suddenly dumped its version of FDIC insurance altogether.
Governments facing economic annihilation across the globe are now legally authorized to seize banking depositors' savings, either all or in part, overnight, and without notice. The bail-in is a treasure map for bankers and governments at the next hint of worldwide economic calamity.
They know the next meltdown will be your grandfather's Great Depression.
Unlike the 1930's, there will be no point standing in long lines with hat in hand to ask for your money. By the time you hear the news, your money in the bank will already be gone.
Would you like to comment on this article?
If so, go here now.
Money Metals columnist Guy Christopher is a veteran writer living on the Gulf Coast. A retired investigative journalist, published author, and former
Apr 16, 2015 08:54:04 #
Sicilianthing wrote:
Here's for all the Geniuses that think their money... (show quote)
Get as much of your money out of the banks now as you can.
Apr 16, 2015 12:05:19 #
LAwrence wrote:
Get as much of your money out of the banks now as you can.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
I already have... I've closed all the accounts except for 2 ... and I only keep enought in there daily to run the business....
everything else is paid with in cash, cashier's checks & money orders...
FLAT OUT !
Apr 16, 2015 15:00:07 #
Perhaps the ultimate indignity is that even though the money that depositers put into a bank is worth less when they take it out, they STILL have to pay interest on the phantom gain paid in interest.. Even if you accept that recently "inflation" has been somed 2.7%, that means a net loss to depositers of 1.7%, but because of the nominal gain, this can not be written off on taxes.
REcently there was a headline in USA Today, "BANKS AWASH IN CASH' and sub-head-"Share holder distrutions next." Given that the US taxpayer made these gains possible, given that US citizens paid for this gain with the devaluation of their currency, why should shareholders, who deserved to be wiped out, get ANY of this $ until a decent interest rate is paid depositers and the fedgov gets all its Bankster Bailout money back?
All of this so -called profit is illusory anyway, since it is built on FED counterfeiting that has the stock market artificially high, and certain businesses who are bailed out are artificially profitable-UNTIL the next, inevitable correction which will with 95%+ CERTAINTY be longer and more severe than the one we are not quite out of yet, afer 7 yrs of "recovery."
IF thereis another bailout (Dodd Frank and CROMNIBUS essentially wrote it into law) then bankster management and stock holders lose their jobs and equity FIRST, before a penny of tax money is spent.
REcently there was a headline in USA Today, "BANKS AWASH IN CASH' and sub-head-"Share holder distrutions next." Given that the US taxpayer made these gains possible, given that US citizens paid for this gain with the devaluation of their currency, why should shareholders, who deserved to be wiped out, get ANY of this $ until a decent interest rate is paid depositers and the fedgov gets all its Bankster Bailout money back?
All of this so -called profit is illusory anyway, since it is built on FED counterfeiting that has the stock market artificially high, and certain businesses who are bailed out are artificially profitable-UNTIL the next, inevitable correction which will with 95%+ CERTAINTY be longer and more severe than the one we are not quite out of yet, afer 7 yrs of "recovery."
IF thereis another bailout (Dodd Frank and CROMNIBUS essentially wrote it into law) then bankster management and stock holders lose their jobs and equity FIRST, before a penny of tax money is spent.
Apr 16, 2015 20:28:09 #
navnek wrote:
Perhaps the ultimate indignity is that even though... (show quote)
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
BINGO ! now you're cookin' with GAS
Spread the word...
Notice how the Clowns on OPP don't chime in here ?
I'll be posting more Topics of Wreckage Trickery & Deceit... just to see who's paying attention and who defends...
This helps identify
Patriots vs TRAITORS !
Apr 17, 2015 14:07:43 #
Thanx for the vote of confidence. BTW, I have been spreading this word for over 33 years now. It seems that it is FINALLY starting to sink in! Maybe.
Sicilianthing wrote:
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
BINGO ! now you're cookin' with GAS
Spread the word...
Notice how the Clowns on OPP don't chime in here ?
I'll be posting more Topics of Wreckage Trickery & Deceit... just to see who's paying attention and who defends...
This helps identify
Patriots vs TRAITORS !
BINGO ! now you're cookin' with GAS
Spread the word...
Notice how the Clowns on OPP don't chime in here ?
I'll be posting more Topics of Wreckage Trickery & Deceit... just to see who's paying attention and who defends...
This helps identify
Patriots vs TRAITORS !
Apr 17, 2015 14:30:34 #
navnek wrote:
Thanx for the vote of confidence. BTW, I have been spreading this word for over 33 years now. It seems that it is FINALLY starting to sink in! Maybe.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Agreed, Yes Sir I'm ALL IN !
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