Banks
Get Approval to Seize Your Bank Account Without Your Permission?
A Little-Known Rule Let Banks Steal Money from People Who Haven't Been Convicted - or Even Accused
- of a Crime!
In the United States, someone gave the green light to banks to seize
cash from bank accounts under certain conditions. Aside from its abuse of civil
liberties, this bail-in regime is another weapon in someone's arsenal of
capital controls meant to reward banks to separate people from the money they
worked hard for.
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 retirement savings combined with planned inflation, which some
prefer to call theft. But unlike the drip-drip we're used to, the bail-in may come upon you quickly, harshly, and with finality.
The financial system is predominantly comprised of digital money. Actual
physical Dollars bills and coins only amount to $1.36 trillion. This is only a
little over 10% of the $10 trillion sitting in bank accounts. And it's a tiny
fraction of the $20 trillion in stocks, $38 trillion in bonds and $58 trillion
in credit instruments floating around the system.
If a large percentage of people actually moved their funds into something
physical and tangible, it could very quickly become a systemic problem.
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As banks in the US faced a complete financial meltdown in 2008 due to nearly
24% of the assets in Money Market funds were liquidated in the course of four
weeks. The ensuing liquidity crush nearly imploded the system, Congress ponied up fresh taxpayer money - $800 billion and trillions since, to
bail-out favored banks and industries.
That tactic took on 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 a specific act in
2010, a 1930's-styled, bank heist blueprint with a feel-good name. In the last
24 months, Canada, Cyprus, New Zealand, the UK, and now Germany have all
implemented legislation that would allow them to first FREEZE and then SEIZE
bank assets during the next crisis
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 may already be gone. All to ensure your bank is allowed to remain open
and fully operational.
Such a measure is in line with international
efforts to address the potential risks to the financial system and broader
economy of institutions perceived as "too-big-to-fail".
How can you avoid this criminal theft and keep your money safe? You have
options.
Learn how others are taking necessary steps to
protect their money and retirement savings with assets like gold.
While you still can: GET YOUR FREE COPY.
Prepare now... or be prepared to panic later.
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