19 votes

Short VIDEO: Money Is Not Safe In The Big Banks


http://youtu.be/jPsOopzp7e4

Published on Aug 24, 2013

People think that money is safe in the big banks because the FDIC will protect the deposits. This assumption is not based on the facts. This video will show official government documents that describe the plans for confiscating deposits when, (not if) a big bank fails. Individual, as well as public funds from municipal, university, county deposits are at serious risk. YOUR taxpayer money will disappear in the next crisis! Public officials in charge of taxpayer funds need to be aware of the dangers here. The loss of taxpayer funds and the inability to meet payrolls and obligations will certainly prompt a response that will both immediate and forceful.

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PBI leads the way!

Smaller banks are not immune to the same nonsense. Besides, if we withdraw from the big banks and deposit into small banks, the small banks will in turn be the big banks. Yes, we should withdraw from the big banks as they are unsafe. Yes, we should find alternative means to stash. Small banks? Credit Unions? Under the mattress? Bitcoin? What I take from this video [and all other PBI videos] is the suggestion to create local public utility banks. We don't need to eradicate private banking, but the proliferation of public banking would go a long way toward stopping our wealth from being harvested by others.

Not safe!

Bump it.

"We have allowed our nation to be over-taxed, over-regulated, and overrun by bureaucrats. The founders would be ashamed of us for what we are putting up with."
-Ron Paul

HSBC Capital Control!

http://www.dailymail.co.uk/money/experts/article-2540445/Wha...

Woman in Britain went to her local Swindon HSBC branch to withdraw £10,000 cash which apparently had balance of £50,000. Here is her story from the link:

HSBC will not let me take out anything over £1,000 cash over the counter. I gave them warning, but they say they must know what I will use it for - they want to see evidence of hotel bookings etc.

In short, they refuse to give me my cash. HSBC say it is new internal rules to help prevent money laundering. But for example, what if I want to buy a £5,000 car? It said I’d have to put down a deposit and show them the receipt first.

I find this outrageous and an invasion of privacy – why do HSBC get to decide what I do with my money?

In the meantime I can take out only £1,000 per day until I shut my account which I shall do and all that time they will be investing my money and gaining interest from it.

Immoral funding of Military Industrial Complex by Federal Reserve and US taxation system must stop!!!! End illegal/unconstitutional wars! Preserve US currency!
http://facebook.com/NoPropagandaZone
http://twitter.com/the_chiefe71

DJP333's picture

But they are too big to fail....bump

"It’s not pessimistic, brother, because this is the blues. We are blues people. The blues aren’t pessimistic. We’re prisoners of hope but we tell the truth and the truth is dark. That’s different." ~CW

Cyril's picture

Absolutely excellent!

Absolutely excellent!

"... more than a million words."

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

bump for front page

immediately

"We have allowed our nation to be over-taxed, over-regulated, and overrun by bureaucrats. The founders would be ashamed of us for what we are putting up with."
-Ron Paul

bump FOR...

Front page immediately!

"We have allowed our nation to be over-taxed, over-regulated, and overrun by bureaucrats. The founders would be ashamed of us for what we are putting up with."
-Ron Paul

Great post Base 1 - What's really funny is that in 2008, during

...during the collapse, the FDIC (which couldn't cover even $100,000 per institution as it was at the time) raised the level to $250,000 per institution!!!

This was done to make the people BELIEVE their deposits were covered and so the withdrawals were halted.

It's like making a tight rope walker BELIEVE there's a net under him (when there isn't) in order to get him to walk the tight rope in the first place.

A trick of the mind you might say. This is exactly what the FDIC does to keep depositors believing there is a safety net in the event of a major financial collapse of banking institutions, leading to mass withdrawals of savings as this video proved.

It also exposes the immoralaty of fractinal reserve banking.

"We have allowed our nation to be over-taxed, over-regulated, and overrun by bureaucrats. The founders would be ashamed of us for what we are putting up with."
-Ron Paul

Withdraw paper assets from banks NOW!

There are crazy rumblings about Deutsche Bank collapsing in coming months like a deck of cards. Keeping significant paper assets in any of big 4 here Citi-Wells Fargo-JPMorgan Chase-Bank of America is financial suicide.

Immoral funding of Military Industrial Complex by Federal Reserve and US taxation system must stop!!!! End illegal/unconstitutional wars! Preserve US currency!
http://facebook.com/NoPropagandaZone
http://twitter.com/the_chiefe71

Bump

For Info

Let it not be said that the government didn't tell people,

exactly what is going to happen when confidence collapses. And that they have prepared the banking system for it.

This isn't the only place this is happening, there is a 'land grab' going on by the government as a result of the Real Estate fiasco bubble.

It's a banker engineered take over of not only America, but America is easy.

Money is kept is safety deposit boxes.

The government currency isn't safe or sound, in banks or out.

Bump for later.

Free includes debt-free!

Good point.

It amazes me that fiat currencies have a terrible history as a store of wealth, but people are always so surprised when they fail.

Same goes for trusting gobmint.