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WARNING: Get your money out! All customer deposits in the United States are now the legal property of JP Morgan, Goldman Sachs

WARNING: Get your money out! All customer deposits in the United States are now the legal property of JP Morgan, Goldman Sachs

Mac Slavo
August 12th, 2012
SHTFplan.com

Former money manager Ann Barnhardt, who in November of 2011 made the decision to cease operations of her brokerage firm and return funds to her customers citing “systemic” problems within the entire financial industry, has issued a new warning about the stability of US banks and the safety of individual deposit accounts.

The warning, stemming from a recent federal appeals court ruling surrounding customer funds lost during the 2007 collapse of Chicago futures broker Sentinel, indicates that individuals who lose deposited funds because a financial institution improperly manages that money, even if those funds are supposed to be “segregated” from other operations of the firm, are essentially left with no recourse if the firm goes belly-up. According to the court, a misallocation of those customer funds, “is not, on its own, sufficient to rule as a matter of law that Sentinel acted ‘with actual intent to hinder, delay, or defraud’ its customers.”

Read more: http://www.shtfplan.com/headline-news/warning-get-your-money...

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warrants further study

warrants further, ongoing study

SteveMT's picture

At 0.05% interest, pillow cases are much better than banks.

Keep some money in your possession, along with everything you believe to be valuable for your health, safety, protection, and nutritional support. Buy stuff that matters with this money to have a comfort level of self-sufficiency. What would you obtain if you knew that your money was going to be taken from you either by stealth of bank holidays, dollar collapse, or printing presses?

Bmp

Bump to front page, por Favor

LittleWing's picture

Thanks emalvini, you might have missed

these two posts I think you would like to bookmark and read thoroughly

I think of this one as 'identifying the problems/culprits'

Naming Names: Your Real Government
http://www.dailypaul.com/248629/naming-names-your-real-gover...

and this one as a map towards Solutions and an outline for moving forward in a coordinated mass effort

The Globalists' Worst Nightmare Self-Sufficiency: a universal solution to the globalist problem.
http://www.dailypaul.com/248787/the-globalists-worst-nightma...

*I second the motion for front page for your post

Appreciate the research material

Thank you littleWing

There's total proof the entire finance system is a fraud....

There will never be accountability to this false, criminal system based on crime.

Now you can ONLY conclude that reality.

So disengage from the system, that is your only answer.
http://landdestroyer.blogspot.co.uk/2011/03/naming-names-you...

Strip your funds out of the accounts of any of these criminal banks, move them to your state institutions and circulate tender coin more and more. That is bankrupting it.

Gold, silver, alternative currencies get going. Sustainability is already propping up some large swaths of South Dakota. There was no rule you have to borrow from the Federal Reserve ever.

LittleWing's picture

Moving forward, we have the numbers

to begin and grow a coordinated mass effort towards sustainability, alternative currencies, barter systems.

All your FRNs are belong to us

It's been a long time since

I have seen a take on that. It's as funny as ever!

bump for discussion

and awareness.

Prepare & Share the Message of Freedom through Positive-Peaceful-Activism.

What about firms like Euro

What about firms like Euro Pacific or life insurance via State Farm, just to name a few???

It depends on where they hold

their money and who they use to move their money around. Ann Barnhardt closed down her business because she couldn't guarantee the safety of her clients' money.

Is this the promised redistribution of wealth?

If this article is true, then the Central Banks and their subsidiaries own YOUR money and owe you nothing.

They can use your money for gambling and bad investments, lose it all, AND do it legally without any accountability to the people. I think this is why Ron Paul is urging people to get involved in alternate currencies.