You will have nothing. If you use banks you are already broke and don’t even know it.
Confiscating the customer deposits in Cyprus banks, it seems, was not a one-off, desperate idea of a few eurozone troika officials scrambling to salvage their balance sheets. A joint paper by the U.S. Federal Deposit Insurance Corporation (FDIC) and the Bank of England dated December 10, 2012, shows that these plans have been long in the making; that they originated with the G20 Financial Stability Board in Basel, Switzerland and that the result will be to deliver clear title to the banks of depositor funds. New Zealand has a similar directive.
Few depositors realize that legally, the bank owns the depositor's funds as soon as they are put in the bank. Our money becomes the bank's, and we become unsecured creditors holding IOUs. But until now, the bank has been obligated to pay the money back as cash on demand. Under the FDIC-BOE plan, our IOUs will be converted into "bank equity." The bank will get the money and we will get stock in the bank. With any luck we may be able to sell the stock to someone else, but when and at what price? Most people keep a deposit account so they can have ready cash to pay the bills.
The deposits are now subject to being wiped out by a major derivatives loss. About 75 trillion and $79 trillion in derivatives. Deposit insurance has failed, and so has the private banking system that has depended on it for the trust that makes banking work. Homeland Security has reportedly told banks that it has authority to seize the contents of safety deposit boxes without a warrant when it's a matter of "national security," which a major bank crisis no doubt will be.
The world banking system and the market are about to wipe out the citizens of the world.
Few depositors realize that legally, the bank owns the depositor's funds as soon as they are put in the bank. Our money becomes the bank's, and we become unsecured creditors holding IOUs. But until now, the bank has been obligated to pay the money back as cash on demand. Under the FDIC-BOE plan, our IOUs will be converted into "bank equity." The bank will get the money and we will get stock in the bank. With any luck we may be able to sell the stock to someone else, but when and at what price? Most people keep a deposit account so they can have ready cash to pay the bills.
The deposits are now subject to being wiped out by a major derivatives loss. About 75 trillion and $79 trillion in derivatives. Deposit insurance has failed, and so has the private banking system that has depended on it for the trust that makes banking work. Homeland Security has reportedly told banks that it has authority to seize the contents of safety deposit boxes without a warrant when it's a matter of "national security," which a major bank crisis no doubt will be.
The world banking system and the market are about to wipe out the citizens of the world.
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Mrsjmunoz : What?!?
PlowMan : Truth...it's not impossible. How likely? idk But I do know it's wise to be diversified and not just various stocks. Diversify your assets. If tragedy strikes, the wealthy will get theirs. If yours is under their care, they'll take it. #bet
Mcsnacks H TupackOP PlowMan: Martial law states government officials and military are allowed to seize a citizens food,weapons, and valuables(gold and silver). That’s why you never keep any of that at home or tell anybody how much or how many of anything you have. When Martial law is declared better hide or act like you are destitute and starving.
Mcsnacks H TupackOP Mrsjmunoz: Say that the housing market crashes, which it is about to in Europe and China for sure, and will then hit the US because for some reason we have been loaning Europe money since 2019 about 3 trillion dollars, everyone who has money in the banking system will be given vouchers of stock by those banks. But if the housing market crashes the stock market crashes so those shares you get will be worth about .20c on the high end for every dollar you had in the bank. This is how they are going to force digital dollar on everyone. And get rid of their debt by taking it from everyone for a fifth of what they had. Then they will start food lines and most housing will be “affordable housing” because that’s where you will be forced to go to. Thats why Amazon has already started building them for their workers next to their distribution centers. 20 stories of 2 bedroom apts to cram everyone into. That’s why I’ve been telling people don’t take on debt and get rid of all the debt you have. Because you will lose that money either way. Only the rich will have savings. Everyone else’s will be wiped out by inflation and what inflation doesn’t get the banks will. Hence that’s why the IRS wants access to accounts with over 600.00 so they can take all the money out later.
Mrsjmunoz : Omg!
Mcsnacks H TupackOP Mrsjmunoz: It has been a trap the whole time. They made the housing market super cheap so more people would overextend themselves and now they raise rates, inflation is at on thigh end 12% low end 7%. Which means the banks are receiving -3.59% rates. That’s a negative. So the banks are starting to come up short on money now. The market could take a 75-79 trillion debt but it’s at 86 trillion and it can’t be fixed. It’s over. They have won. They are just letting it play out now. Laughing all the way to the bank.
Machiavellis3rdEye : Holy shit… any Moo’ers in legal that can confirm that they have this clause that allows them to empty our safe deposit boxes in moments of their next preplanned and 100% controlled bullshit theatrical crisis? Where do you find all this juicy stuff out Pac? This one alarms me more than usual.
My main security box is 8-10ft underground, but if this shit right here is true, then it’s time to move some more precious metals back to the underground- where they originally came from.
Mcsnacks H TupackOP Machiavellis3rdEye: It’s in the FDIC-BOE by-laws. It’s recognized by every bank and organization in the world.
Mcsnacks H TupackOP Machiavellis3rdEye: They don’t try to hide. They did it when Obama was president.
How about this also: According to the U.S. Department of Agriculture, China will hold 69% of the world’s corn reserves, 60% of its rice, and 51% of its wheat by mid-2022.
China has less than 20% of the world population to feed but are hoarding over 50% of the worlds food.
Mcsnacks H TupackOP Machiavellis3rdEye: Europe has already done it to their citizens. That’s why they are protesting and riots. It’s not about vaccine cards. They are pissed about their savings being looted.
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