18 votes

No Bank Deposits Will Be Spared from Confiscation

If you think money you deposit in a bank is yours, think again. Remember Cyprus?
"Once money has been paid to the banker, it belongs to the banker and he is free to use the money for his own purpose."
http://www.globalresearch.ca/no-bank-deposits-will-be-spared...




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Who in this day and age is

Who in this day and age is still putting earnings into a profit making bank that gives less than a twit about you? When necessary use a credit union to conduct daily transactions. Totally disrespect every share holder based private bank in the world. Such share holding breeds lifeless, rabid green for profit, period, like it or not. Live free and do not contribute to the eons long deprivations these profit crazed entities bring forth. Find alternatives and starve the beast. Would be better for mankind to burn the otherwise worthless paper fiats than put them into such institutional abominations.

You cannot protect wealth as long as there are...

thieves "to big to prosecute".

If you want to survive, you really have to ask yourself, "How far will I go to defend my family?" Then, you wait for the the opportunity to do just that.

Keep the minimum in the bank...

Keep the minimum in the bank, just enough to pay monthly bills and keep the rest in physical gold and silver, then hide it. Keep your assets out of their hands.

RickStone

ChristianAnarchist's picture

This is the reason...

This is the reason that our great-grand parents would rather put their money in the mattress...

Grandparents didn't

Grandparents didn't understand how the FED worked it is futile sleeping on dollars.

Great-Grandparents

It depends on how old (you) they are. The dollars used to be made of silver or exchangable for silver.

What do you think? http://consequeries.com/

LOL yes some truth to that

LOL yes some truth to that one! Also as seen over the last few weeks those with the printing press can simply print all the dollars they want and buy the silver you have to work so hard to buy. No matter what the cards are stacked for those who control the printer.

Painful

to come to this conclusion...ugh.

Is it worse to loose a

Is it worse to loose a percentage of ones wealth, or the entirety of it? Sleeping on ones wealth, and the Fed devalues the value of said wealth, but put the money in a bank and not only does the wealth still loose value but now it has the potential to be taken by the bankers; thereby creating a situation where one can loose all of their wealth.

Currently unless someone is very dynamic -frequent trader- in their stock investing, then the only thing worth investing in is gold, silver, palladium, copper, and land; because these will never be worth zero, like stocks can and will be in the nearer future -unless, that is, the individual is a dynamic investor -meaning frequent trader- and not just investing for retirement.

So, where do you put your money?

Land can go to zero

When property taxes exceed its value.

I guess I'm not alone

Nope because food prices will

Nope because food prices will adjust for the increased taxes. The only time dirt goes to zero is when people no longer need food.

You are correct dirt is a

You are correct dirt is a good investment. Today the price of farmland is insane. Right now I am investing in irrigation. I borrowed the funds for it (at these rates I couldn't afford to use my own money). If you are looking for something safe nothing really is fool proof. When a handful get to print at will what the rest have work or gamble for the deck is stacked.

Whose name is on the money!

Thats whose money it is. If it says Federal Reserve Note then it is the Federal Reserves money. Unless you own the Federal Reserve than its not yours.

If it says United States Note than it is owned by whoever owns the United States. That would be us?

Give to Ceasar what is Ceasars', or should I say give to siezer what is siezers.

Right on... The problem is

Right on... The problem is much deeper than what this particular article covers. The dollar is not safe no matter who holds it. Even the lucky few with the printers are not safe from themselves. Print to much and the whole scam tumbles down.

Can anyone explain what the

Can anyone explain what the FDIC is and why it would not cover up to limits? Isn't it Federal Deposit Insurance? The FED can always print money to cover it. The EU members don't have a central bank. In the US the check will always be in the mail and will never run out of money unless ink supplies dry up. The question is how much value will that check hold. The day FDIC kicks on the printing press and the double the money supply it cuts the value in half. In the end same results... The end up with half the value of your deposit while still handing you back the same number dollars.

OK , the IRS attaches your bank account

Now go ask the FDIC to cover your loss.
It`s not your property (money) in this country any longer it now belongs to the "collective" or those who control you.

It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people that pay no price for being wrong.
Thomas Sowell

I didn't read anything about

I didn't read anything about the IRS in the article?

The article states every bank deposit is in jeopardy when in fact only those with limits above FDIC. We have a Central Bank that can print (lucky us!). Members of the EU are not so lucky (LOL). Cypress has no printer.

The writer simply needed to state every dollar is in jeopardy of losing it's value. The fact is not depositing your money and hiding it under your bed won't protect it from being devalued by the printer.

You must have read a different article.

The article I read was about confication of your bank deposits.

It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people that pay no price for being wrong.
Thomas Sowell

Yes and the writer reasoned

Yes and the writer reasoned that all accounts are in jeopardy even those below the FDIC limit of $250,000. The writer stated the government doesn't have the funds to cover the insurance. The government has and endless supply through the FED. Ron Paul has stated many times the checks will never stop as long as we have the FED. The problem will not be confiscation it will be devalued dollars. Will it matter if they don't confiscate your $250,000 when $250,000 won't even feed you for a month?

It seems for now it is accounts over $100000

but if we go along with this, they will lower the amount when it comes time again to bail-in the banks.

We earned that money with our time and effort on the job. NO ONE should have the RIGHT to the fruits of another person's labor. We are not slaves to the bank, working to keep them in profit.

I think it is $250,000 isn't

I think it is $250,000 isn't it? They have no reason to change the number. They have printers. They can print up your quarter of a million and hand to you and you won't be able to buy a loaf of bread with it! The article misses the point we have a central bank armed with a printer. I'm not saying it will save us... In the end it will be the downfall (not confiscation).

Yes you earned it with hard work... They just click the print button...

If bank runs start, they

If bank runs start, they can't let anyone access their money. Except Congress, the President, Geithner, Bernanke, ect.. But the problem is today you need access to a bank and more importantly for me - banking cards such as debit and credit cards to move capital around.

You can't transact in gold and silver easily across large distances. You've gotta get it to them, and they gotta trust and know you. In a modern internet age, this is not a very good financial structure.

This is where bitcoins come in handy. Can transfer them in seconds - can sell your gold/silver for bitcoins and then transact in bitcoins. Government cannot track the sale at all, either.

Just my rambling thoughts.

Sound interesting. I know

Sound interesting. I know next to nothing about the bit coins.

Off topic:
Agreed metals have problems. If they are not minted even more! You would need to carry a scale and test kit to check your change.

while many seemed to be

while many seemed to be in shock over Cyprus, Ann Barnhardt was telling everyone over a year ago exactly what was and is going to happen.

In her words 'What part of 'get the hell out' do you not understand?"

http://sgtreport.com/2011/12/red-alert-ann-barnhardt-says-ge...

“Let it not be said that no one cared, that no one objected once it’s realized that our liberties and wealth are in jeopardy.”
― Ron Paul

Don't Mention Ann Barnhardt's Name On Here

I've done it several times and she pretty much never receives a positive reception. I mean, I don't agree w/ her on everything either but I think it's a case of not throwing the baby out w/ the bath water. She says plenty of very relevant/important stuff too. She is one of the people I read.

I think her strong religious

I think her strong religious views make her looney to some...but she knows finance.

“Let it not be said that no one cared, that no one objected once it’s realized that our liberties and wealth are in jeopardy.”
― Ron Paul

Canada, 2013 budget contains a hidden bail-in clause

that most Canadians are blissfully unaware of.

"The Government proposes to implement a bail - in regime for
systemically important banks."

The new law would make Cyprus-style bank account confiscation the law of the land for Canada (and the entire EU).

When major banks fail they are going to bail them out by taking money that is in our bank accounts.

Banks can take extreme risks with their money and lose, but the banks will be saved at the expense of raiding our bank accounts.

http://www.thestar.com/news/canada/2013/04/04/jim_flahertys_...