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IT HAS STARTED! Wealth Confiscation Is Now Starting To Happen All Over The Globe

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December 31, 2019, 11:13:54 am ciwarrior1 says: The King James bible is NOT the pure word of God. In fact there are many errors in it. That is why the Pilgrims rejected the King James bible and relied on the Geneva Bible. In fact, the King James Bible is a paraphrase. The Bishops Bible, the Great Bible, and the Geneva Bible were used to produce the King James. Also, King James used the Massoretic text for the Greek and this text has proved to be faulty. The oldest Massoretic text dates back to about 950 AD with it coming out in book form in about 1000 AD. However, the dead sea scrolls proved that the Massoretic text wasn't even a viable text when you consider that the dead sea scrolls supported the Greek Septuagint over 90% of the time over the Massoretic text. The Massoretic text comes from the Jews who are the Synagogue of Satan. They are corrupt and vile, and they are not God Yahweh's chosen people Israel. True Israel are the white Caucasian, Celtic, Anglo Saxon, Germanic, Scandinavian, and kindred people in the world today. You would be better off getting the Ferrar-Fenton bible, the Rotherham Bible, and so forth. These bibles are more accurate than the King James Bible. However, there is an agenda to misinterpret the bible. For example, according to the bible race mixing is a sin. However, how many church's promote race mixing because they think that the King James bible says so. It doesn't, but since the read it and don't do any investigation, they just believe it. Also, many Christian pastors are crypto Jews just like Pastor David Jeremiah, Benny Hinn, and so forth.
December 31, 2019, 11:10:09 am ciwarrior1 says: The King James bible is NOT the pure word of God. In fact there are many errors in it. That is why the Pilgrims rejected the King James bible and relied on the Geneva Bible. In fact, the King James Bible is a paraphrase. The Bishops Bible, the Great Bible, and the Geneva Bible were used to produce the King James. Also, King James used the Massoretic text for the Greek and this text has proved to be faulty. The oldest Massoretic text dates back to about 950 AD with it coming out in book form in about 1000 AD. However, the dead sea scrolls proved that the Massoretic text wasn't even a viable text when you consider that the dead sea scrolls supported the Greek Septuagint over 90% of the time over the Massoretic text. The Massoretic text comes from the Jews who are the Synagogue of Satan. They are corrupt and vile, and they are not God Yahweh's chosen people Israel. True Israel are the white Caucasian, Celtic, Anglo Saxon, Germanic, Scandinavian, and kindred people in the world today. You would be better off getting the Ferrar-Fenton bible, the Rotherham Bible, and so forth. These bibles are a not more accurate than the King James Bible. However, there is an agenda to misinterpret the bible. For example, according to the bible race mixing is a sin. However, how many church's promote race mixing because they think that the King James bible says so. It doesn't, but since the read it and don't do any investigation, they just believe it. Also, many Christian pastors are crypto Jews just like Pastor David Jeremiah, Benny Hinn, and so forth.
August 08, 2018, 02:38:10 am suzytr says: Hello, any good churches in the Sacto, CA area, also looking in Reno NV, thanks in advance and God Bless you Smiley
January 29, 2018, 01:21:57 am Christian40 says: It will be interesting to see what happens this year Israel being 70 years as a modern nation may 14 2018
October 17, 2017, 01:25:20 am Christian40 says: It is good to type Mark is here again!  Smiley
October 16, 2017, 03:28:18 am Christian40 says: anyone else thinking that time is accelerating now? it seems im doing days in shorter time now is time being affected in some way?
September 24, 2017, 10:45:16 pm Psalm 51:17 says: The specific rule pertaining to the national anthem is found on pages A62-63 of the league rulebook. It states: “The National Anthem must be played prior to every NFL game, and all players must be on the sideline for the National Anthem. “During the National Anthem, players on the field and bench area should stand at attention, face the flag, hold helmets in their left hand, and refrain from talking. The home team should ensure that the American flag is in good condition. It should be pointed out to players and coaches that we continue to be judged by the public in this area of respect for the flag and our country. Failure to be on the field by the start of the National Anthem may result in discipline, such as fines, suspensions, and/or the forfeiture of draft choice(s) for violations of the above, including first offenses.”
September 20, 2017, 04:32:32 am Christian40 says: "The most popular Hepatitis B vaccine is nothing short of a witch’s brew including aluminum, formaldehyde, yeast, amino acids, and soy. Aluminum is a known neurotoxin that destroys cellular metabolism and function. Hundreds of studies link to the ravaging effects of aluminum. The other proteins and formaldehyde serve to activate the immune system and open up the blood-brain barrier. This is NOT a good thing."
http://www.naturalnews.com/2017-08-11-new-fda-approved-hepatitis-b-vaccine-found-to-increase-heart-attack-risk-by-700.html
September 19, 2017, 03:59:21 am Christian40 says: bbc international did a video about there street preaching they are good witnesses
September 14, 2017, 08:06:04 am Psalm 51:17 says: bro Mark Hunter on YT has some good, edifying stuff too.
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Author Topic: IT HAS STARTED! Wealth Confiscation Is Now Starting To Happen All Over The Globe  (Read 1297 times)
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« on: September 25, 2013, 06:23:30 pm »

Cyprus-Style Wealth Confiscation Is Now Starting To Happen All Over The Globe

Now that "bail-ins" have become accepted practice all over the planet, no bank account and no pension fund will ever be 100% safe again.  In fact, Cyprus-style wealth confiscation is already starting to happen all around the world.  As you will read about below, private pension funds were just raided by the government in Poland, and a "bail-in" is being organized for one of the largest banks in Italy.  Unfortunately, this is just the beginning.  The precedent that was set in Cyprus is being used as a template for establishing bail-in procedures in New Zealand, Canada and all over Europe.  It is only a matter of time before we see this exact same type of thing happen in the United States as well.  From now on, anyone that keeps a large amount of money in any single bank account or retirement fund is being incredibly foolish.

Let's take a look at a few of the examples of how Cyprus-style wealth confiscation is now moving forward all over the globe...

Poland

For years, there have been rumors that someday the U.S. government would raid private pension funds.

Well, in Poland it just happened.

According to Reuters, private pension funds were raided in order to reduce the size of the government debt...

    Poland said on Wednesday it will transfer to the state many of the assets held by private pension funds, slashing public debt but putting in doubt the future of the multi-billion-euro funds, many of them foreign-owned.

The Polish government is doing the best that it can to make this sound like some sort of complicated legal maneuver, but the truth is that what they have done is stolen private assets without giving any compensation in return...

    The Polish pension funds' organisation said the changes may be unconstitutional because the government is taking private assets away from them without offering any compensation.

    Announcing the long-awaited overhaul of state-guaranteed pensions, Prime Minister Donald Tusk said private funds within the state-guaranteed system would have their bond holdings transferred to a state pension vehicle, but keep their equity holdings.

    He said that what remained in citizens' pension pots in the private funds will be gradually transferred into the state vehicle over the last 10 years before savers hit retirement age.

Iceland

For years, Iceland has been applauded for how they handled the last financial crisis.  But now it is being proposed that the "blanket guarantee" that currently applies to all bank accounts should be reduced to 100,000 euros.  Will this open the door for "haircuts" to be applied to bank account balances above that amount?...

    Following the crisis in October 2008, Iceland's government declared all deposits in domestic financial institutions were 'blanket' guaranteed - an Emergency Act that was reafrmed twice since. However, according to RUV, the finance minister is proposing to restrict this guarantee to only deposits less-than-EUR100,000. While some might see the removal of an 'emergency' measure as a positive, it is of course sadly reminiscent of the European Union "template" to haircut large depositors. This is coincidental (threatening) timing given the current stagnation of talks between Iceland bank creditors and the government over haircuts and lifting capital controls - which have restricted the outflows of around $8 billion.

Europe

European finance ministers have agreed to a plan that would make "bail-ins" the standard procedure for rescuing "too big to fail" banks in the future.  The following is how CNN described this plan...

    European Union finance ministers approved a plan Thursday for dealing with future bank bailouts, forcing bondholders and shareholders to take the hit for bank rescues ahead of taxpayers.

    The new framework requires bondholders, shareholders and large depositors with over 100,000 euros to be first to suffer losses when banks fail. Depositors with less than 100,000 euros will be protected. Taxpayer funds would be used only as a last resort.

What this means is that if you have over 100,000 euros in a bank account in Europe, you could lose every single bit of the unprotected amount if your bank collapses.

Italy

As Zero Hedge reported on Tuesday, a "bail-in" is now being organized for the oldest bank in Italy...

    Recall that three weeks ago we warned that "Monti Paschi Faces Bail-In As Capital Needs Point To Nationalization" although we left open the question of "who will get the haircut including senior bondholders and depositors.... given the small size of sub-debt in the capital structures." Today, as many expected on the day following the German elections, the dominos are finally starting to wobble, and as we predicted, Monte Paschi, Italy's oldest and according to many, most insolvent bank, quietly commenced a bondholder "bail in" after it said that it suspended interest payments on three hybrid notes following demands by European authorities that bondholders contribute to the restructuring of the bailed out Italian lender. Remember what Diesel-BOOM said about Cyprus - that it is a template? He wasn't joking.

    As Bloomberg reports, Monte Paschi "said in a statement that it won’t pay interest on about 481 million euros ($650 million) of outstanding hybrid notes issued through MPS Capital Trust II and Antonveneta Capital Trusts I and II." Why these notes? Because hybrid bondholders have zero protections and zero recourse. "Under the terms of the undated notes, the Siena, Italy-based lender is allowed to suspend interest without defaulting and doesn’t have to make up the missed coupons when payments resume." Then again hybrids, to quote the Dutchman, are just the template for the balance of the bank's balance sheet.

    Why is this happening now? Simple: the Merkel reelection is in the bag, and the EURUSD is too high (recall Adidas' laments from last week). Furthermore, if the ECB proceeds with another LTRO as many believe it will, it will force the EURUSD even higher, surging from even more unwanted liquidity. So what to do? Why stage a small, contained crisis of course. Such as a bail in by a major Italian bank. The good news for now is that depositors are untouched. Unfortunately, with depositor cash on the wrong end of the (un)secured liability continuum it is only a matter of time before those with uninsured deposits share some of the Cypriot pain. After all, in the brave New Normal insolvent world, "it is only fair."

Fortunately, it does not appear that this particular bail-in will hit private bank accounts (at least for now), but it does show that European officials are very serious about applying bail-in procedures when a major bank fails.

New Zealand

The New Zealand government has been discussing implementing a "bail-in" system to deal with any future major bank failures.  The following comes from a New Zealand news source...

    The National Government are pushing a Cyprus-style solution to bank failure in New Zealand which will see small depositors lose some of their savings to fund big bank bailouts, the Green Party said today.

    Open Bank Resolution (OBR) is Finance Minister Bill English’s favoured option dealing with a major bank failure. If a bank fails under OBR, all depositors will have their savings reduced overnight to fund the bank’s bail out.

    "Bill English is proposing a Cyprus-style solution for managing bank failure here in New Zealand - a solution that will see small depositors lose some of their savings to fund big bank bailouts," said Green Party Co-leader Dr Russel Norman.

    "The Reserve Bank is in the final stages of implementing a system of managing bank failure called Open Bank Resolution. The scheme will put all bank depositors on the hook for bailing out their bank.

    "Depositors will overnight have their savings shaved by the amount needed to keep the bank afloat."

Canada

Incredibly, even Canada is moving toward adopting these "bank bail-ins".  In a previous article, I explained that "bail-ins" were even part of the new Canadian government budget...

    Cyprus-style "bail-ins" are actually proposed in the new Canadian government budget.  When I first heard about this I was quite skeptical, so I went and looked it up for myself.  And guess what?  It is right there in black and white on pages 144 and 145 of "Economic Action Plan 2013" which the Harper government has already submitted to the House of Commons.  This new budget actually proposes "to implement a 'bail-in' regime for systemically important banks" in Canada.  "Economic Action Plan 2013" was submitted on March 21st, which means that this "bail-in regime" was likely being planned long before the crisis in Cyprus ever erupted.

So what does all of this mean for us?

It means that the governments of the world are eyeing our money as part of the solution to any future failures of major banks.

As a result, there is no longer any truly "safe" place to put your money.

One of the best ways to protect yourself is to spread your money around.  In other words, don't put all of your eggs in one basket.

If you have your money a bunch of different places, it is going to be much harder for the government to grab it all.

But if you don't listen to the warnings and you continue to keep all of your wealth in one giant pile somewhere, don't be surprised when you get wiped out in a single moment someday.

http://theeconomiccollapseblog.com/archives/cyprus-style-wealth-confiscation-is-now-happening-all-over-the-globe
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« Reply #1 on: September 26, 2013, 05:19:40 pm »

Banking Holiday in Panama Announced!

This morning the National Bank of Panama announced that it was suspending all services until Tuesday the 1st of October. The National Bank of Panama says that the reason is to upgrade systems. The Banking Holiday in Panama was announced this am.

This system wide shutdown has country wide implications. The National Bank of Panama did not warn the people before making the announcement and shutting down the banks. The people do not have access to ATM’s either. We received word of this from family members first. This weekend is payday for people across Panama.

I am active among the Gold and Silver investing community. We have been discussing at great length about the possibility of bank holidays in countries on the Dollar standard. Could Panama just be the first domino to fall in the banking system? Could this be more than just a system upgrade? Why not tell the people ahead of time to prepare for the closure of the banking system?

What are some reasons for a bank holiday? The National Bank of Panama says it is a system upgrade, I don’t believe it is that simple. Maybe a Dollar revaluation could be coming soon. Maybe it is something more serious like a banking crisis like we had in Indonesia back in 1997 or more recently in Cyprus. I am hoping for the best and preparing for the worst.

What are some things you can do to protect yourself if Panama is just the first signal of a pending banking crisis? First and foremost make sure to have some cash. Second buy the essentials for your family. Be frugal until the storm passes. I know this sounds simplistic, but those who are prepared will be fine.

I feel for the Panama families who live paycheck to paycheck. They were expecting to be paid tomorrow. This is the time that they go grocery shopping, put gas in their cars and pay the bills. This delay will have wide ranging affects on the people of Panama.

Do not be unprepared, you have it within your power to be ready for such a situation!

http://news.goldseek.com/GoldSeek/1380224271.php
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« Reply #2 on: September 26, 2013, 05:32:40 pm »

If a banking holiday came here in America, the streets of America won't look pretty!
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« Reply #3 on: September 26, 2013, 05:35:34 pm »

https://www.banconal.com.pa/index.php

This appears to be their website, and though I don't read Spanish, I know enough to say that appears to be talking about some kind of "Suspension De Servicios", a "suspension of services".
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« Reply #4 on: September 26, 2013, 05:36:36 pm »

https://www.banconal.com.pa/index.php

This appears to be their website, and though I don't read Spanish, I know enough to say that appears to be talking about some kind of "Suspension De Servicios", a "suspension of services".

Thanks!
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« Reply #5 on: September 27, 2013, 04:22:57 am »

Bank Of England Experiencing Technical Difficulties

When markets break, nobody cares: after all central banks are there to protect everyone and remove all risk. But... what happens when a central bank fail? Just relesed by the BOE:

    News Release – Statement from the Bank of England

    The Bank has been experiencing some technical IT problems today. There is no impact on critical payment and settlement services. Alternative procedures are in place where necessary. The Bank is acting to resolve these problems as soon as possible.

http://www.zerohedge.com/news/2013-09-26/bank-england-experiencing-technical-difficulties
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« Reply #6 on: September 27, 2013, 10:45:48 am »

Cyber attack warning: Banks beginning to delay payrolls and have extended electronic outages

On Sept. 16, a former head trader with the Royal Bank of Scotland (RBS) issued a new warning that a cyber attack on the banking system is a real and probably threat in light of the many recent electronic outages and delays in payroll processing.  Known under the pseudonyms V and the Guerrilla Economist, this high level insider has warned of  impending cyber attacks meant to mask liquidity and financial problems that threaten the entire banking system.

Quote
For many months I have been warning that there will be a banking/financial cyber attack that will put the economy on it’s back. This was one of the scenarios that the banksters have been wargaming/simulating for years. I became privy to it once it was revealed to me that not only are the banks open to it, but that they are doing nothing to prevent it.
 
Over the last few weeks we have seen massive interruptions from online banking to exchanges shutting down for hours at time. This is not just a mere coincidence, when one takes into account the large scale of these disruptions. It becomes clear that something is fundamentally wrong.
 
From payroll problems in the private sector to now the very same issues affecting the public/federal sector. This problem seems to be mounting and I believe the culprits are two fold. – V, the Guerrilla Economist, Steve Quayle Q Alerts

Over the past week, two specific events have occurred which are validating V’s information that liquidity in the financial and banking systems is causing delays, and perhaps even ‘forced outages’ to prevent outgoing cash from leaving banks in a timely manner.  A recent letter from the Federal payroll office (Comptroller General) was issued specifying that payroll for the week ending Sept. 7 is delayed until Sept. 17, citing a ‘worm virus’ as the reason for the delay.  Additionally, the state of California was found to have kept unemployment payments from up to 600000 recipients through an investigation done this week by a local television station.

For the government, there is little more than a month before the debt ceiling is once again reached, and Congress will need to vote on whether increasing the national debt is a viable option.  Coupled with this are the current discussions taking place at today’s FMOC meeting on whether to taper back bond buying and money printing QE programs, and it is likely that any slowdown in credit and liquidity to the financial system will trigger irrevocable consequences.
 
The Guerrilla Economist has a long track record of accurate information and forecasting, going back to calls made on the Japanese Bond market, and fragility within Deutsche Bank.  And with exterior events beginning to accumulate in the banking system that show warning signs of another liquidity crisis, the clear potential of a real or false flag cyber attack on the banks to shut them down, and keep them from collapsing, is a very real possibility.
 
You can find more financial updates by the Guerrilla Economist at Steve Quayle’s website under the Q Alerts section, and periodically on the Hagmann and Hagmann Report.
 
Kenneth Schortgen Jr is a writer for Secretsofthefed.com, Examiner.com, and hosts the popular web blog, The Daily Economist. Ken can also be heard Friday evenings giving an weekly economic report on the Angel Clark radio show.
 
http://www.secretsofthefed.com/cyber-attack-warning-banks-beginning-delay-payrolls-extended-electronic-outages/
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« Reply #7 on: September 27, 2013, 12:50:08 pm »

Governments stealing from bank accounts
 
'Bail-ins' taking depositors' money could be headed to U.S.


The questionable practice of “bail-ins” begun by Cyprus a year ago to keep banks solvent is beginning to spread to other nations, and holders of large deposits are starting to see their balances plunge literally overnight.
 
A “bail-in,” as opposed to a bailout that countries especially in Europe have been seeking from the International Monetary Fund and the European Union, is a recognition that such outside monetary injections won’t be forthcoming.

Consequently, banks have been seeking money from another source – their large depositors. The funds are simply taken and applied to a bank’s recapitalization in lieu of government bailouts.
 
The practice essentially is a transfer from a personal savings account to the bank’s operating account, without the customers’ permission or even any notice.
 
The example set in Cyprus when the island nation confronted its financial crisis now is spreading to such other countries as Italy, Poland, New Zealand and now Canada.
 
Get “I Want Your Money” and find out what may be coming to your neighborhood.
 
Financial experts agree that the practice soon could spread to the United States.
 
The “bail-in” a year ago in Cyprus developed after the island nation was refused further outside financing from the IMF and the European Central Bank of the EU, of which the Mediterranean island is a member.
 
Cyprus never was looked upon as a place to spend money. Instead, it was seen more as a place to safely hide large deposits of cash for private individuals and companies not only in Europe and Russia but for major shareholders and top executives from all over the world.
 
Hiding huge sums of cash was made easy in Cyprus with such mechanisms as outright bank deposits, shell companies and holding companies, with massive transfers taking place between them.
 
“Cyprus was a leader – in some circles and for some applications, the leader – in quiet storage, management and structuring of exceptionally large sums for private individuals and corporations all over the world,” financial expert Franklin Raff wrote in a March 2013 WND article.
 
“Cypriots were fast learners in the fields of global asset protection and ‘tax optimization,’” Raff said. “Cyprus’ 2004 entrance into the E.U. gave financial operations a deeper veneer of legitimacy and security.
 
“All of this meant almost a decade of rapidly expanding business,” he said. “This was surely from Europeans and Russians wary of unpredictable tax laws and indiscriminate, extralegal confiscations, but also from entities in North America and elsewhere.”
 
Because a long line of EU banks had been bailed out at major public expense during the 2008-2009 financial crisis, the EU decided to turn down two of Cyprus’ major banks, Laiki and the Bank of Cyprus, for similar help.
 
In an effort to save the Cypriot economy from collapse, the government passed a law that took some 4.3 billion euros in deposits belonging to some 14,000 depositors just in the Laiki bank alone, leaving each depositor with no more than 100,000 euros, the limit on deposit insurance under EU regulations.
 
Ultimately, Laiki bank folded, with depositors’ diminished assets transferred to the Bank of Cyprus.
 
In an effort to recapitalize the Bank of Cyprus, Cypriot officials imposed a 47.5 percent loss on deposits exceeding the 100,000 euro limit, exchanging the seized deposits for shares in the bank.
 
Depositors in Cyprus lost an estimated total of 10.6 billion euros.
 
In viewing the recapitalization experience in Cyprus, financial experts say “bail-ins” are increasingly becoming accepted practice around the world due to the lack of any outside bailouts.
 
In jeopardy will be all private bank accounts and private pension funds.
 
Financial sources say that the government of Poland just “raided” private pension funds in an effort to reduce the size of the government debt.
 
According to a Reuters report, the Polish government will transfer to the state many of the assets held by private pension funds, slashing public debt but putting in doubt the future of the multi-billion-euro funds, much of which is foreign-owned.
 
“The Polish government is doing the best that it can to make this sound like some sort of complicated legal maneuver, but the truth is that what they have done is stolen private assets without giving any compensation in return,” said financial expert Michael Snyder writing for the Financial Collapse blog.
 
Now, finance ministers in the EU are undertaking a similar approach.
 
They have approved a plan to force bondholders and shareholders to finance future bank failures before going to taxpayers for bailouts.
 
This will apply to bondholders and shareholders with deposits over 100,000 euros. Those with less than 100,000 euros of insured deposits will be protected.
 
“What this means is that if you have over 100,000 euros in a bank account in Europe, you could lose every single bit of the unprotected amount if your bank collapses,” Snyder said.
 
Italy also is organizing a form of its own “bail-in” for the country’s oldest bank as it has halted any further interest payments and doesn’t intend to make up for the missed payments if and when they resume.
 
While deposits will remain untouched for now, financial experts believe it will only be a matter of time before its depositors experience a Cypriot-type “bail-in.”
 
In Canada, the government has actually written a “bail-in” provision into its new government budget proposal in its “Economic Action Plan 2013.”
 
“This new budget actually proposes to implement a ‘bail-in’ regime for systemically important banks’ in Canada,” Snyder said.
 
Snyder believes that governments throughout the world will be eyeing depositors’ money as part of the solution to halt future failures of major banks.
 
“As a result, there is no longer any truly ‘safe’ place to put your money,” Snyder said.
 
“One of the best ways to protect yourself is to spread your money around,” he said. “In other words, don’t put all of your eggs in one basket. If you have your money in a bunch of different places, it is going to be much harder for the government to grab it all.
 
“But if you don’t listen to the warnings and you continue to keep all of your wealth in one giant pile somewhere, don’t be surprised when you get wiped out in a single moment someday,” he added.
 
That certainly was the experience of the Andrew Georgiou family in Cyprus earlier this year. Literally overnight, his life’s savings of 750,000 euros, except for 100,000 euros which were covered by deposit insurance, were wiped out. Georgiou subsequently had a heart attack, though he survived.
 
He, like hundreds of other depositors in Cyprus, has gone to court against the central bank and the Cypriot government, but the outcome is far from certain.

Read more at http://www.wnd.com/2013/09/governments-coming-to-steal-savings-accounts/#URYwJJPvELsWB9I5.99
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« Reply #8 on: September 29, 2013, 04:59:17 am »

IT glitch “wipes balances and deletes accounts”

Customers at the UK Nationwide building society suddenly found their banking accounts empty!


At this time of the month it might not be that unusual to log on to your online banking and find it somewhat depleted, but customers at Nationwide building society were shocked yesterday to find they apparently had no cash at all.

Following a computer glitch, which wiped balances and deleted accounts, savings and current account customers reported a range of problems, with some unable to access the website at all and others finding their accounts were not showing.

On Twitter, one customer said he had tried to access his account only to be told “it doesn’t look like you have an account with us”, while another tweeted, “Make all of my savings accounts & current account disappear and leave me with just my credit card and mortgage. Thanks #Nationwide”.

The society, which has been heavily advertising its current accounts and said on Wednesday that it had seen a 79% uplift in switching, said the problems had lasted less than a couple of hours and affected only a small number of customers.

A spokesman said: “Some of our customers were unable to access their accounts this morning due to a technical issue. This has now been fixed and we apologise for any inconvenience this has caused.”



The problems are the latest in a long line of IT glitches which have frozen customers out of accounts or left them unable to transact online. Earlier this month, Lloyds Banking Group had problems across its network when it launched websites for the newly separated Lloyds and TSB brands.

This article originally appeared on guardian.co.uk

http://www.salon.com/2013/09/26/nationwide_it_glitch_wipes_balances_and_deletes_accounts_newscred/
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« Reply #9 on: September 29, 2013, 04:30:00 pm »

A spokesman said: “Some of our customers were unable to access their accounts this morning due to a technical issue due to a dry run practice for when bank accounts DO get raided. This has now been fixed and we apologise for any inconvenience this has caused.”

Fixed!
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« Reply #10 on: October 13, 2013, 09:05:23 am »

The International Plot to Steal All Retirement Accounts

Almost three months ago, the Saturday night host of Coast to Coast AM, John B. Wells and I were co-guests on the same show in which he expressed the view that Putin and Obama were playing for the same team and that the apparent Russian/American conflict over Syria and Iran was merely an exercise in theater. I had actually thought Putin was standing up to America’s imperialism and stood in opposition to Obama’s incremental plan to insert America into Syria and then Iran. However, there was something about Mr. Wells’ statements that resonated with me.
 
One week ago, while appearing on my show,The Common Sense Show, John B. Wells repeated the same belief in which he reiterated that Putin and Obama work for the same masters.  As I write these words, I must confess that I discovered and subsequently concluded that Mr. Wells is absolutely correct in one very important regard. Both Russia and the United States have begun to steal all retirement accounts from their citizens in preparation for an economic collapse.
 
The only plausible explanation on why Putin and Obama would be pursuing the same strategy, with regard to absconding with their nation’s retirement funds, is because both leaders are actively pursuing the same strategy as I write these words.
 
Grand Larceny, Russian Style
 
Russian Prime Minister Dmitry Medvedev told his finance ministers that the Russian government is “temporarily” seizing $7.6 billion in savings from non-state pension funds while it carries out inspections to insure that the money Russians channel to private pension funds, is safe. To do this, it will seize 244 billion rubles (i.e. $7.6 billion) from private, non-governmental pension funds and forcibly, but only “temporarily” place them into the Russian government state pension fund.
 
Russian authorities claim that they will only hold the retirement money for one year while they check to see that banking institutions are sound. Please remember the one year figure, this will prove significant later in this article.
 
The Russian government explanation of why they need to seize retirement funds does not even constitute a good cover story. Many analysts state that the “temporary” borrowing of Russian pension funds by the government looks more like a case of government“confiscation” of these private funds in anticipation of a coming crash.
 
Former Russian finance minister, Alexei Kudrin, recently stated that if the government is not intent on spending these retirement funds, then why are they booking the money?

Government controlled companies have expressed a negative reaction to the “borrowing” of Russian retirement funds. Most experts agree that the Russian government is making Russia a very unattractive place to invest given this new development. This apparent reckless action by the Russian government makes no sense unless the Russians, like the American bankers are attempting to acquire as many hard assets as possible.
 
 
 
Grand Larceny, American Style
 
The former head of the Goldman Sachs crime syndicate and former Treasury Secretary, Hank Paulson, telling a closed session of Congress that if they did not grant Wall Street “bailouts” there will be martial law ithe streets as a result of the economy collapsing. Treasury Secretary Jack Lew is a proven lying, incompetent crook. When he does something with anyone’s money, we would all be well-advised to pay attention.
 
The Treasury Department is taking federal retirement programs. The very close friends of Goldman Sachs, over at Citigroup, have their henchman in charge of the continuing **** of America by Wall Street, Treasury Secretary Jack Lew. Let me be clear, and Lew you can sue me if this not true, that it is a fact that Obama appointed one of the criminals who had a major hand in bringing down the economy to run the country’s finances.
 
While at Citigroup, Lew oversaw 113 tax-evading accounts in Cayman Island banks.  Based upon Lew’s resume, hedge funds for Citigroup where he lost almost $600 million dollars, one can only assume that is why Obama has appointed Lew to finish the job which will leave you and me with nothing.
 
Lew began his theft of public retirement accounts by beginning with federal workers in the same manner as the Russian government.
 
Our government is not the enemy. This is not the government we are dealing with. The American people are battling an organized crime in the form of corporations like Goldman Sachs who have hijacked our government. They are lining up for the last great garage sale before they collapse the economy and roll out martial law. There are forces lining up to steal everything that you and I own. It has already begun but this country is so dumbed down, we do not see that it has already started.
 
Five months ago, Lew announced that the government was taking the unprecedented action of avoiding governmental default through this summer by including tapping into and suspending investments into the Civil Service Retirement and Disability Fund and halting the daily reinvestment of the government securities (G) fund, the most stable offering in the Thrift Savings Plan‘s portfolio. The phrase “avoid a government default is highly significant”. If Obama and the Congress do not resolve the budget crisis by the drop dead shutdown date of October 16th, are the other retirement funds going to be at risk for the same reason?
 
 
Analysis
 
As it was in Greece and Cyprus, so it shall be in the US and Russia. Spain and France are next. This is clearly a plot hatched by the central bankers who now engaged in stealing everything that is not nailed down.
 
I have previously noted how the banks are acquiring hard assets while restricting their exposure by curtailing lending. We have long heard that bankers that have hijacked the government would commence stealing our private wealth through the pension funds and this is exactly what the chief bankster, Jack Lew, is implementing. The next step will be to seize bank accounts, like they did in Cyprus and then step up the MERS mortgage fraud as the Federal Reserve continues to purchase $40 billion dollars in Mortgage Backed Securities every month.
 
The G Fund is invested in interest-bearing Treasury securities (i.e. bonds) that make up the public debt. The Civil Service Retirement Fund finances benefit payments under the Civil Service Retirement System and the basic retirement annuity of the Federal Employees’ Retirement System, and those investments are made up of securities also considered part of the public debt. In other words, for you people who have cushy federal government jobs, Lew is telling you that the government controls your retirement. They own it and they own you.  Since the national deficit is $17 trillion dollars and the unfunded federal mandated liabilities (e.g. social security, Medicare, etc) will exceed $220 trillion dollars in one year, these victimized federal workers will never see their full retirement. And if you find yourself breathing a sigh of relief because you do not work for the federal government, you have sadly deluded yourself because the government mafia is coming after all forms of retirement accounts, both pension funds and invested retirements (e.g. 401K’s).
 
 
Conclusion
 
The bankers in Russia and America are engaged in the exact same strategy. I am sure the coincidence theorists will have a field day explaining away these coincidences.  Ask yourself, once a government gets their hands on a new source of revenue, such as a new tax, when have you ever gotten your money back, or has the tax been withdrawn?
 
“La, La, La, La, the government loves me, I can’t hear you.”
 
There are some people who will write to me and say that we should trust our government just like the man who wrote me yesterday and stated that DHS has not purchased any rounds of ammunition. I know, the government loves us and would never bring harm to us, financially or otherwise. Please allow me to firmly hold my belly as I hysterically laugh and say this, the government says they are just borrowing the retirement accounts. Oh stop, my belly is starting to hurt so much, I can barely keep typing. How much of the bailout money has been paid back by the banks? Is MERS still stealing home mortgages and are they still in existence? Does MF Global thief, John “the Don” Corzine, occupy a cell next to Bernie Madoff?  And do not forget that last year, the Seventh Circuit Court of Appeals, in Illinois, announced that once you deposit your money into the bank, the bank owns your deposit. These central banking thieves are in the midst of stealing every hard asset that they can.
 
For you people who thought serving the New World Order was such a good idea, are you reconsidering your loyalties now? You NSA guys who are spying on us right this minute, do you think your pensions are safe? To you potbellied perverts from the TSA, do you think your retirement will be there when you are done groping our wives and children on behalf of the globalists who seek to dehumanizethe traveling public? To you DC cops who murdered Miriam Carey, in front of her one year old baby, do you think your retirement is going to be there when you are done being thugs for the new federalized police of the DHS who are in servitude to the NWO? The political lake of fire is approaching and you servants of the criminal central banking mafia that has hijacked our government had better repent before you lose everything.
 
And do you remember earlier when I reported that the Russian government guaranteed to only “temporarily” seize their retirement funds for one year? I think the Russians have given us a clue as to how long we will have to wait until the global economy is collapsed and all of our retirements and bank accounts are seized. Remember this chronology, false flag events followed by martial law, followed by WWIII and theft of all citizen assets is the plan and the NWO is right on schedule.
 
John B. Wells was correct when he concluded that Putin and Obama serve the same masters. With regard to incrementally stealing all retirement accounts, the Russians and the Americans are marching in lockstep while hoping would notice that their game plans are identical. And if JFK were alive today, he would be reminding us that he warned us about the gnomes of Zurich.


http://thecommonsenseshow.com/2013/10/13/the-international-plot-to-steal-all-retirement-accounts/
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« Reply #11 on: October 13, 2013, 02:05:34 pm »

Yeah, the last throes pretty much started when 9/11 happened, when people's retirement accounts dropped as much as 1/3. Then the financial collapse in 2008 put more dents.

On a side note - this may partially be why pastors have become even more compromised - knowing that their retirement accounts are at stake with the way things have been going. I knew one pastor in New Orleans that jumped ship a couple of years after 9/11 from his church to join some GLOBAL "Christian" ministry(and it caused a church split) - next thing we knew he started yoking with people and groups he preached against like Catholic priests, liberal clergyman, etc. One time in his religion columns in the paper he briefly mentioned in 401K. Well, no wonder why. But bishops and elders aren't supposed to have retirement accounts, much less a salary to begin with.

Anyhow, yeah - looks like we're seeing the final throes now.
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« Reply #12 on: October 16, 2013, 01:30:07 pm »

Chase Bank Limits Cash Withdrawals, Bans International Wire Transfers

Chase Bank has moved to limit cash withdrawals while banning business customers from sending international wire transfers from November 17 onwards, prompting speculation that the bank is preparing for a looming financial crisis in the United States.

Numerous business customers with Chase BusinessSelect Checking and Chase BusinessClassic accounts have received letters over the past week informing them that cash activity (both deposits and withdrawals) will be limited to a $50,000 total per statement cycle from November 17 onwards.

The letter reads;

    Dear Business Customer,

    Starting November 17, 2013:

    - You will no longer be able to send international wire transfers. You will still be able to send domestic wires and receive both domestic and international wires. We’ll cancel any international wire transfers, including reccurring ones, you scheduled to be sent after this date.

    - Your cash activity limit for these accounts(s) will be $50,000 per statement cycle, per account. Cash activity is the combined total of cash deposits made at branches, night drops and ATMs and cash withdrawals made at branches (including purchases of money orders) and ATMs.

    These changes will help us more effectively manage the risks involved with these types of transactions.

Another letter (PDF) received by Peak to Peak Charter School, a college in Colorado, states that the option to send both international and domestic wire transfers has been withdrawn from Chase business savings account holders.


Shortly after we posted this story, other Chase business customers confirmed they had also received similar or identical letters.

“I’m a Chase customer with both of the type accounts mentioned and got the letter posted,” wrote one.

“I have been a loyal customer of Chase for 11 years and I received the letter for my business and when I called about this I was told basically **** off and find another bank!” added another.

Chase is obviously very keen to make it hard for their customers to have any kind of control over their savings and is trying to prevent them from sending dollars abroad, prompting concerns that Cyprus-style account gouging could occur in America.

The move to limit deposits and withdrawals while banning international wire transfers altogether is a bizarre policy and will cripple many small and medium-sized businesses with Chase accounts. Buying stock from abroad in any kind of quantity will now become impossible for many companies, while paying employees will also be a headache.

Why has Chase announced such a ludicrous and restrictive policy change and is it related to the potential for a US debt default?

pics and vids: http://www.infowars.com/chase-bank-limits-cash-withdrawals-bans-international-wire-transfers/
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« Reply #13 on: October 16, 2013, 04:13:00 pm »

Looks to me like this move is an attempt to keep cash from leaving the US, and more importantly, from leaving local US bank branches. I think it's a fair question to ask why are they making such a move now? Related to the default? Hard to believe it isn't.
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« Reply #14 on: October 22, 2013, 06:17:49 am »

The International Monetary Fund Lays The Groundwork For Global Wealth Confiscation

The International Monetary Fund (IMF) quietly dropped a bomb in its October Fiscal Monitor Report. Titled “Taxing Times,” the report paints a dire picture for advanced economies with high debts that fail to aggressively “mobilize domestic revenue.” It goes on to build a case for drastic measures and recommends a series of escalating income and consumption tax increases culminating in the direct confiscation of assets.

Yes, you read that right. But don’t take it from me. The report itself says:


“The sharp deterioration of the public finances in many countries has revived interest in a “capital levy”— a one-off tax on private wealth—as an exceptional measure to restore debt sustainability. The appeal is that such a tax, if it is implemented before avoidance is possible and there is a belief that it will never be repeated, does not distort behavior (and may be seen by some as fair). … The conditions for success are strong, but also need to be weighed against the risks of the alternatives, which include repudiating public debt or inflating it away. … The tax rates needed to bring down public debt to precrisis levels, moreover, are sizable: reducing debt ratios to end-2007 levels would require (for a sample of 15 euro area countries) a tax rate of about 10 percent on households with positive net wealth. (page 49)”
 
Note three takeaways. First, IMF economists know there are not enough rich people to fund today’s governments even if 100 percent of the assets of the 1 percent were expropriated. That means that all households with positive net wealth—everyone with retirement savings or home equity—would have their assets plundered under the IMF’s formulation.

Second, such a repudiation of private property will not pay off Western governments’ debts or fund budgets going forward. It will merely “restore debt sustainability,” allowing free-spending sovereigns to keep tapping the bond markets until the next crisis comes along—for which stronger measures will be required, of course.

Third, should politicians fail to muster the courage to engage in this kind of wholesale robbery, the only alternative scenario the IMF posits is public debt repudiation and hyperinflation. Structural reform proposals for the Ponzi-scheme entitlement programs that are bankrupting us are nowhere to be seen.

If ever there were a roadmap for prompting massive capital flight and emigration of productive citizens toward capitalism’s nascent frontiers in Asia, this is it.

The IMF justifies its tax increases by highlighting trends in income inequality along with a claimed decline in the progressivity of most income tax regimes. Using “perceived equity” (otherwise known as “envy”) as the key metric motivating tax policy, the report intentionally conflates tax rates with tax revenue, lamenting a decline in the top marginal income tax rates paid by the highest earners. Never mind that these high earners have been forking over more money, a higher percentage of their gross income, and a larger share of aggregate national tax revenue in recent years. It also ignores the Laffer Curve effects that are clearly visible in the data. As for incentive, the report pays no heed to the idea that wealth and income can only be taxed if someone is motivated to create it.

The report’s most chilling aspect is the clinical manner in which it discusses how to restrict the mobility of the rich, along with the inconvenience of factoring in their “well being.” Again, to quote the report:


“Financial wealth is mobile, and so, ultimately, are people. … There may be a case for taxing different forms of wealth differently according to their mobility … Substantial progress likely requires enhanced international cooperation to make it harder for the very well-off to evade taxation by placing funds elsewhere.

“A revenue-maximizing approach to taxing the rich effectively puts a weight of zero on their well-being—contentious, to say the least. What then if some weight is indeed attached to the well-being of the richest? Figure 19 provides a way to think about the trade-off between equity and efficiency considerations in setting the top marginal rate in that case. … If one attaches less weight to those with the highest incomes, the vote would be to increase the top marginal rate.”
 
Yes, this is where the bankruptcy of the modern entitlement state is taking us—capital controls and exit restrictions so the proverbial four wolves and a lamb can vote on what’s for dinner. That’s the only way to keep citizens worried about ending up on the menu from voting with their feet. Again, straight from the report:


“There is a surprisingly large amount of experience to draw on, as such levies were widely adopted in Europe after World War I.”
 
And we all know how well that worked out.

http://www.forbes.com/sites/billfrezza/2013/10/15/the-international-monetary-fund-lays-the-groundwork-for-global-wealth-confiscation/
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« Reply #15 on: February 05, 2014, 07:48:11 am »

Money Confiscation And Martial Law Unavoidable In US At This Point

The wave of capital destruction which many have been warning about for the last few years, is now breaking like a tsunami,Poland, Ireland (also here), Spain, Germany (and here), and the rest of the Euro-zone (and here) are being inundated with failures and the overhang of immediate risk is effectively unsurvivable for the currency union, at this point.

The US is actually in just as acute and critical a fiscal and economic predicament – The “Federal Reserve” is out of functional options (save for outright confiscation) as Bloomberg reported in July 2010: delve deeper, and you will find that the IMF has effectively pronounced the U.S. bankrupt. Section 6 of the July 2010Selected Issues Paper says: “The U.S. fiscal gap associated with today’s federal fiscal policy is huge for plausible discount rates.” It adds that “closing the fiscal gap requires a permanent annual fiscal adjustment equal to about 14 percent of U.S. GDP.” (Source)

In addition to the intractable Federal  fiscal profligacy, 44 out of our 50 states are functionally insolvent, (the top five are Rhode Island, Connecticut, Massachusetts, Illinois, and Hawaii) as well as hundreds of municipalities and municipal sub-entities such as school districts and water districts on the verge of bankruptcy.

Interestingly, many states restrict the ability of municipalities to file bankruptcy –   only 12 States provide blanket authorization for a city to file Chapter 9, and yet a full 22 States prevent a municipal entity from filing Chapter 9 proceedings altogether.The remaining 16 have restrictions and processes that vary from strict to lenient. In Illinois, a Governor-appointed commission has to decide filing is necessary, after first trying everything else to save the situation.  (source)

What all this boils down to is a shocking amount of unresolvable debt, at every level of government, across the United States – while there are no audited figures to define the total risk pool of states and municipalities, those who follow state and municipal bonds have assessed the total bond market at well over $ 40Trillion dollars (this includes pensions and other retirement benefits for workers which are “not fully funded”), and analysts have stated that as much as one third of these bonds are presently at “high risk” of default, and another 30 to 50% at “moderate risk” in the longer term of 3-11 years.

Meanwhile, Morgan Stanley clearly states a warning of “significant weakness at the long end” of the bond curve, beyond the 11 year point  (source P.3). One third, or ~$13.5 Trillion dollars of state and municipal bonds at a high risk of default, right now!  And yet, State and Local bond issuance continues apace at over $25B per month!

Projected total issuance of state/muni bonds for FY 2013 is in the ~$270-280Billion range. Worse, there is no functional mechanism of law in place for dealing with more than 75% of  state and municipal debt.  Therefore, as the damn breaks and the financial curettage goes into overdrive, you can fairly assume that individual citizens and small businesses will take it in the seat of the pants, while large corporations who have been making their campaign contributions will be protected to the greatest extent possible by state legislatures and “special panels” delegated by state executives to bail in ailing municipalities.

This is why, for the calendar year 2013 to date (9/4 report and also here), outflows from municipal bond funds have netted over -$1.5Billion per week over the past 15 consecutive weeks.  In other words, investors are rejecting state and municipal bonds at a rate not seen since the stagflation of the late 1970s, and the coming fall and winter will prove increasingly difficult for distressed municipalities to survive as competitiveness for bond investments increases.

In short, the crash of the State and Municipal bond market in the US is a fait accompli, just as the utter decomposition of Greek, Irish, and Spanish bonds within the “ECB Umbrella” was a foregone conclusion a year before each of their economies crashed. This is not a house of cards, folks.  This is not even just “dominoes laced with dynamite“.  This is the mother of all economic holocausts… and it is breaking now.

- See more at: http://govtslaves.info/money-confiscation-martial-law-unavoidable-us-point/#sthash.sjIk1zPK.dpuf
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« Reply #16 on: February 05, 2014, 10:14:27 am »

While all this hollering "The sky is falling", I've wondered just how true it all is, knowing who those people are that run the financial markets.

While things collapse, the money people are snatching up assets on the cheap.

Notice with these articles, it's about financial institutions and their activities that the discussion is about. It's not about the actions of the general public, but all this is by bankers and their minions in the markets. This is a story of the wolves fighting each other while the public stands back and suffers the repercussions. And it's all fueled by a debt-based economy mentality and the greed of the love of money.

None of that will change or be fixed, it will only get worse. Jesus will have to put it out of it's misery ultimately.
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« Reply #17 on: February 14, 2014, 07:08:39 am »

Government Lays Groundwork To Confiscate Your 401k and IRA: “This Is Happening”

This morning Reuters obtained a leaked proposal disclosing that European Union officials are looking for new and innovative ways to fund their immense debt levels. As noted by Zero Hedge, they’re no longer turning exclusively to central bankers to simply print more money as needed. Because last year’s bank bail-in forcing the confiscation of funds from average depositors in Cyprus worked so well, EU regulators and bankers have determined that they’ll use a similar method to fund their future endeavors.

    In a nutshell, and in Reuters’ own words, “the savings of the European Union’s 500 million citizens could be used to fund long-term investments to boost the economy and help plug the gap left by banks since the financial crisis, an EU document says.”

    …

    The solution? “The Commission will ask the bloc’s insurance watchdog in the second half of this year for advice on a possible draft law “to mobilize more personal pension savings for long-term financing”, the document said.”

    Mobilize, once again, is a more palatable word than, say, confiscate.

This is what happens when governments run out of money.

But if you think this is limited to just Europe, then consider the words of President Barack Obama in his recent State of the Union address.

For all intents and purposes, a similar groundwork is being laid right here in America.

They’ve already taken over the health care industry… why not nationalize our retirement savings while they’re at it?

    (Reprinted with permission from Sovereign Man. You can read the full analysis here.)

    This is basically the offer that the President of the United States floated last night.

    And like an unctuously overgeled used car salesman, he actually pitched Americans on loaning their retirement savings to the US government with a straight face, guaranteeing “a decent return with no risk of losing what you put in. . .”

    This is his new “MyRA” program. And the aim is simple– dupe unwitting Americans to plow their retirement savings into the US government’s shrinking coffers.

    We’ve been talking about this for years. I have personally written since 2009 that the US government would one day push US citizens into the ‘safety and security’ of US Treasuries.

    Back in 2009, almost everyone else thought I was nuts for even suggesting something so sacrilegious about the US government and financial system.

    But the day has arrived. And POTUS stated almost VERBATIM what I have been writing for years.

    The government is flat broke.Even by their own assessment, the US government’s “net worth” is NEGATIVE 16 trillion. That’s as of the end of 2012 (the 2013 numbers aren’t out yet). But the trend is actually worsening.

    In 2009, the government’s net worth was negative $11.45 trillion. By 2010, it had dropped to minus $13.47 trillion. By 2011, minus $14.78 trillion. And by 2012, minus $16.1 trillion.

    Here’s the thing: according to the IRS, there is well over $5 trillion in US individual retirement accounts. For a government as bankrupt as Uncle Sam is, $5 trillion is irresistible.

    They need that money. They need YOUR money. And this MyRA program is the critical first step to corralling your hard earned retirement funds.

    At our event here in Chile last year, Jim Rogers nailed this right on the head when he and Ron Paul told our audience that the government would try to take your retirement funds:



    I don’t know how much more clear I can be: this is happening. This is exactly what bankrupt governments do. And it’s time to give serious, serious consideration to shipping your retirement funds overseas before they take yours.

As former Congressman Ron Paul notes, the government will stop at nothing.

“They’ll use force and they’ll use intimidation and they’ll use guns, because you can’t challenge the State and you can’t challenge the State’s so-called right to control the money,” warns Paul. “It’s already indicated that they will confiscate funds and they will [confiscate] pension funds.”

This didn’t just happen over night. The move to make this reality has been going on for quite some time. The first time it was mentioned publicly in any official capacity was at a 2010 Congressional hearing:

    Democrats in the Senate on Thursday held a recess hearing covering a taxpayer bailout of union pensions and a plan to seize private 401(k) plans to more “fairly” distribute taxpayer-funded pensions to everyone.

    Sen. Tom Harkin (D-Iowa), Chairman of the Health, Education, Labor and Pensions (HELP) Committee heard from hand-picked witnesses advocating the infamous “Guaranteed Retirement Account” (GRA) authored by Theresa Guilarducci.

    In a nutshell, under the GRA system government would seize private 401(k) accounts, setting up an additional 5% mandatory payroll tax to dole out a “fair” pension to everyone using that confiscated money coupled with the mandated contributions.  This would, of course, be a sister government ponzi scheme working in tandem with Social Security, the primary purpose being to give big government politicians additional taxpayer funds to raid to pay for their out-of-control spending.

You’d think that such an idea would be immediately dismissed by the American public, but it has only gained steam since, as evidenced by a 2012 hearing held at the U.S. Labor Department:

    The hearing, held in the Labor Department’s main auditorium, was monitored by NSC staff and featured a line up of left-wing activists including one representative of the AFL-CIO who advocated for more government regulation over private retirement accounts and even the establishment of government-sponsored annuities that would take the place of 401k plans.

    “This hearing was set up to explore why Americans are not saving as much for their retirement as they could,” explains National Seniors Council National Director Robert Crone, “However, it is clear that this is the first step towards a government takeover. It feels just like the beginning of the debate over health care and we all know how that ended up.”

    …Such “reforms” would effectively end private retirement accounts in America, Crone warns.

A few years ago the government of the United States of America nationalized nearly 1/6th of our economy when they took over the health care system with forced mandates. In the process they essentially took control of $1.6 trillion in yearly industry revenues.

But that’s nothing compared to private savings. The total amount of retirement assets in America, including 401k, IRA and savings accounts is around $21 trillion. With our national debt coincidentally approaching the same, the government sees big money and potentially a way out of our country’s fiscal disaster.

This will start voluntarily with the MyRA and other state-sponsored programs. But when not enough Americans are making it their patriotic duty to turn over their funds to their government, they’ll mandate compliance with the stroke of a pen just as they did with the Patient Affordable Care Act.

And just like Obamacare it will be enforced by the barrel of a gun. Failure to comply will mean confiscation without recourse and prison time.

All they need now is a trigger.

And that trigger will likely come in the form of another stock market collapse. Wipe out Americans’ in a stock market crash and scare the heck out of them with more economic bad news, and millions of our countrymen will be all too willing to hand it over to Uncle Sam. Panic is a powerful motivator and what better way to get people on board than by threatening them with squalor and destitution in their old age if they don’t go along with it?

Government officials have been actively working to make this a reality for years. The Europeans are doing the same.

You can put your head in the sand or cover your ears and pretend this is not happening, but that won’t change the outcome.

They will take everything they can get their hands on.

http://www.shtfplan.com/headline-news/government-lays-groundwork-to-confiscate-your-401k-and-ira-this-is-happening_02132014
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« Reply #18 on: February 14, 2014, 08:27:34 am »

Exclusive: EU executive sees personal savings used to plug long-term financing gap

 The savings of the European Union's 500 million citizens could be used to fund long-term investments to boost the economy and help plug the gap left by banks since the financial crisis, an EU document says.

The EU is looking for ways to wean the 28-country bloc from its heavy reliance on bank financing and find other means of funding small companies, infrastructure projects and other investment.

"The economic and financial crisis has impaired the ability of the financial sector to channel funds to the real economy, in particular long-term investment," said the document, seen by Reuters.

The Commission will ask the bloc's insurance watchdog in the second half of this year for advice on a possible draft law "to mobilize more personal pension savings for long-term financing", the document said.

Banks have complained they are hindered from lending to the economy by post-crisis rules forcing them to hold much larger safety cushions of capital and liquidity.

The document said the "appropriateness" of the EU capital and liquidity rules for long-term financing will be reviewed over the next two years, a process likely to be scrutinized in the United States and elsewhere to head off any risk of EU banks gaining an unfair advantage.

The EU executive will also complete a study by the end of this year on the feasibility of introducing an EU savings account, open to individuals whose funds could be pooled and invested in small companies.

The Commission also plans to study this year whether changes are needed to help fund small businesses by creating a liquid and transparent secondary market for trading corporate bonds in the EU.

It is also seeking to revive the securitization market, which pools loans like mortgages into bonds that banks can sell to raise funding for themselves or companies. The market was tarnished by the financial crisis when bonds linked to U.S. home loans began defaulting in 2007, sparking the broader global markets meltdown over the ensuing two years.

The document says the Commission will "take into account possible future increases in the liquidity of a number of securitization products" when it comes to finalizing a new rule on what assets banks can place in their new liquidity buffers. This signals a possible loosening of the definition of eligible assets from the bloc's banking watchdog.

The Commission will also "review" how EU rules treat covered bonds by the end of this year, the document says, a step that will be welcomed by Denmark with its large market in bonds used by banks to finance home loans.

Other steps to boost financing in the EU include possible steps to aid crowdfunding, where many people contribute relatively small amounts of money to create a sizeable funding pool.

The document said investors and asset managers also have a role and it will propose a revision of EU rules on shareholder rights to "ensure better disclosure of institutional investors' engagement and voting policies".

More controversially, the Commission will consider whether the use of fair value or pricing assets at the going rate in a new globally agreed accounting rule "is appropriate, in particular regarding long-term investing business models".

http://www.reuters.com/article/2014/02/12/us-eu-banks-savings-idUSBREA1B1ZI20140212
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« Reply #19 on: May 01, 2014, 12:17:56 pm »

The heavy hand of the IRS seizes innocent Americans’ assets

Earnest moralists lament Americans’ distrust of government. What really is regrettable is that government does much to earn distrust, as Terry Dehko, 70, and his daughter Sandy Thomas, 41, understand.

Terry, who came to Michigan from Iraq in 1970, soon did what immigrants often do: He went into business, buying Schott’s Supermarket in Fraser, Mich., where he still works six days a week. The Internal Revenue Service, a tentacle of a government that spent $3.5 trillion in 2013, tried to steal more than $35,000 from Terry and Sandy that year.

Sandy, a mother of four, has a master’s degree in urban planning but has worked in the store off and on since she was 12. She remembers, “They just walked into the store” and announced that they had emptied the store’s bank account. The IRS agents believed, or pretended to believe, that Terry and Sandy were or conceivably could be — which is sufficient for the IRS — conducting a criminal enterprise when not selling groceries.

What pattern of behavior supposedly aroused the suspicions of a federal government that is ignorant of how small businesses function? Terry and Sandy regularly make deposits of less than $10,000 in the bank across the street. Federal law, aimed primarily at money laundering by drug dealers, requires banks to report cash deposits of more than $10,000. It also makes it illegal to “structure” deposits to evade such reporting.

Because 35 percent of Schott’s Supermarket’s receipts are in cash, Terry and Sandy make frequent trips to the bank to avoid tempting actual criminals by having large sums at the store. Besides, their insurance policy covers no cash loss in excess of $10,000.

In 2010 and 2012, IRS agents visited the store and examined Terry’s and Sandy’s conduct. In 2012, the IRS notified them that it identified “no violations” of banking laws. But on Jan. 22, 2013, Terry and Sandy discovered that the IRS had obtained a secret warrant and emptied the store’s bank account. Sandy says that if the IRS had acted “the day before, there would have been only about $2,000 in the account.” Should we trust that today’s IRS was just lucky in its timing?

The IRS used “civil forfeiture,” the power to seize property suspected of being produced by, or involved with, crime. The IRS could have dispelled its suspicions of Terry and Sandy, if it actually had any, by simply asking them about the reasons — prudence, and the insurance limit — for their banking practices. It had, however, a reason not to ask obvious questions before proceeding.

The civil forfeiture law — if something so devoid of due process can be dignified as law — is an incentive for perverse behavior: Predatory government agencies get to pocket the proceeds from property they seize from Americans without even charging them with, let alone convicting them of, crimes. Criminals are treated better than this because they lose the fruits of their criminality only after being convicted.

Sandy remembers her father exclaiming, “Aren’t we in the United States? We did nothing wrong.” They did something right in discovering the Institute for Justice’s activities against civil forfeiture abuse. IJ, a libertarian defender of property rights and other American premises, says that what was done to Terry is done routinely across the nation — indeed, it was done almost simultaneously to the owner of a gas station near Schott’s Supermarket who deposited his cash receipts whenever he could get to the bank, typically every few days.

Civil forfeiture proceeds on the guilty-until-proven-innocent principle, forcing property owners of limited means to hire lawyers and engage in protracted proceedings against a government with limitless resources just to prove their innocence. Says IJ:

“To make matters worse, forfeiture law treats property owners like random bystanders and requires them to intervene in the lawsuit filed by the government against their property just to get it back. That is why civil forfeiture cases have such unusual names, such as United States v. $35,651.11 in U.S. Currency — the case involving Terry and Sandy.”

In what it probably considered an act of unmerited mercy, the IRS offered to return 20 percent of Terry’s money. Such extortion — pocketing others people’s money — often succeeds when the IRS bullies bewildered people not represented by IJ, which forced the government to return all of Terry’s and the gas station owner’s money.

IJ’s countersuit seeks an injunction to prevent such IRS thefts and extortions. Meanwhile, earnest moralists might consider the possibility that Americans’ distrust of government is insufficient.

http://www.washingtonpost.com/opinions/george-f-will-the-heavy-hand-of-the-irs/2014/04/30/7a56ca9e-cfc5-11e3-a6b1-45c4dffb85a6_story.html
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« Reply #20 on: October 27, 2014, 03:25:32 pm »

Law Lets I.R.S. Seize Accounts on Suspicion, No Crime Required

For almost 40 years, Carole Hinders has dished out Mexican specialties at her modest cash-only restaurant. For just as long, she deposited the earnings at a small bank branch a block away — until last year, when two tax agents knocked on her door and informed her that they had seized her checking account, almost $33,000.

The Internal Revenue Service agents did not accuse Ms. Hinders of money laundering or cheating on her taxes — in fact, she has not been charged with any crime. Instead, the money was seized solely because she had deposited less than $10,000 at a time, which they viewed as an attempt to avoid triggering a required government report.

“How can this happen?” Ms. Hinders said in a recent interview. “Who takes your money before they prove that you’ve done anything wrong with it?”

The federal government does.

Using a law designed to catch drug traffickers, racketeers and terrorists by tracking their cash, the government has gone after run-of-the-mill business owners and wage earners without so much as an allegation that they have committed serious crimes. The government can take the money without ever filing a criminal complaint, and the owners are left to prove they are innocent. Many give up.

“They’re going after people who are really not criminals,” said David Smith, a former federal prosecutor who is now a forfeiture expert and lawyer in Virginia. “They’re middle-class citizens who have never had any trouble with the law.”

On Thursday, in response to questions from The New York Times, the I.R.S. announced that it would curtail the practice, focusing instead on cases where the money is believed to have been acquired illegally or seizure is deemed justified by “exceptional circumstances.”

Richard Weber, the chief of Criminal Investigation at the I.R.S., said in a written statement, “This policy update will ensure that C.I. continues to focus our limited investigative resources on identifying and investigating violations within our jurisdiction that closely align with C.I.'s mission and key priorities.” He added that making deposits under $10,000 to evade reporting requirements, called structuring, is still a crime whether the money is from legal or illegal sources. The new policy will not apply to past seizures.

The I.R.S. is one of several federal agencies that pursue such cases and then refer them to the Justice Department. The Justice Department does not track the total number of cases pursued, the amount of money seized or how many of the cases were related to other crimes, said Peter Carr, a spokesman.

But the Institute for Justice, a Washington-based public interest law firm that is seeking to reform civil forfeiture practices, analyzed structuring data from the I.R.S., which made 639 seizures in 2012, up from 114 in 2005. Only one in five was prosecuted as a criminal structuring case.

The practice has swept up dairy farmers in Maryland, an Army sergeant in Virginia saving for his children’s college education and Ms. Hinders, 67, who has borrowed money, strained her credit cards and taken out a second mortgage to keep her restaurant going.
Continue reading the main story

Their money was seized under an increasingly controversial area of law known as civil asset forfeiture, which allows law enforcement agents to take property they suspect of being tied to crime even if no criminal charges are filed. Law enforcement agencies get to keep a share of whatever is forfeited.

Critics say this incentive has led to the creation of a law enforcement dragnet, with more than 100 multiagency task forces combing through bank reports, looking for accounts to seize. Under the Bank Secrecy Act, banks and other financial institutions must report cash deposits greater than $10,000. But since many criminals are aware of that requirement, banks also are supposed to report any suspicious transactions, including deposit patterns below $10,000. Last year, banks filed more than 700,000 suspicious activity reports. Owners who are caught up in structuring cases often cannot afford to fight. The median amount seized by the I.R.S. was $34,000, according to the Institute for Justice analysis, while legal costs can easily mount to $20,000 or more.

There is nothing illegal about depositing less than $10,000cash unless it is done specifically to evade the reporting requirement. But often a mere bank statement is enough for investigators to obtain a seizure warrant. In one Long Island case, the police submitted almost a year’s worth of daily deposits by a business, ranging from $5,550 to $9,910. The officer wrote in his warrant affidavit that based on his training and experience, the pattern “is consistent with structuring.” The government seized $447,000 from the business, a cash-intensive candy and cigarette distributor that has been run by one family for 27 years.

There are often legitimate business reasons for keeping deposits below $10,000, said Larry Salzman, a lawyer with the Institute for Justice who is representing Ms. Hinders and the Long Island family pro bono. For example, he said, a grocery store owner in Fraser, Mich., had an insurance policy that covered only up to $10,000 cash. When he neared the limit, he would make a deposit.

Ms. Hinders said that she did not know about the reporting requirement and that for decades, she thought she had been doing everyone a favor.

“My mom had told me if you keep your deposits under $10,000, the bank avoids paperwork,” she said. “I didn’t actually think it had anything to do with the I.R.S.”

In May 2012, the bank branch Ms. Hinders used was acquired by Northwest Banker. JoLynn Van Steenwyk, the fraud and security manager for Northwest, said she could not discuss individual clients, but explained that the bank did not have access to past account histories after it acquired Ms. Hinders’s branch.

Banks are not permitted to advise customers that their deposit habits may be illegal or educate them about structuring unless they ask, in which case they are given a federal pamphlet, Ms. Van Steenwyk said. “We’re not allowed to tell them anything,” she said.

Still lawyers say it is not unusual for depositors to be advised by financial professionals, or even bank tellers, to keep their deposits below the reporting threshold. In the Long Island case, the company, Bi-County Distributors, had three bank accounts closed because of the paperwork burden of its frequent cash deposits, said Jeff Hirsch, the eldest of three brothers who own the company. Their accountant then recommended staying below the limit, so for more than a decade the company had been using its excess cash to pay vendors.
Continue reading the main story Continue reading the main story
Continue reading the main story

More than two years ago, the government seized $447,000, and the brothers have been unable to retrieve it. Mr. Salzman, who has taken over legal representation of the brothers, has argued that prosecutors violated a strict timeline laid out in the Civil Asset Forfeiture Reform Act, passed in 2000 to curb abuses. The office of the federal attorney for the Eastern District of New York said the law’s timeline did not apply in this case. Still, prosecutors asked the Hirsches’ first lawyer, Joseph Potashnik, to waive the CARFA timeline. The waiver he signed expired almost two years ago.

The federal attorney’s office said that parties often voluntarily negotiated to avoid going to court, and that Mr. Potashnik had been engaged in talks until just a few months ago. But Mr. Potashnik said he had spent that time trying, to no avail, to show that the brothers were innocent. They even paid a forensic accounting firm $25,000 to check the books.

“I don’t think they’re really interested in anything,” Mr. Potashnik said of the prosecutors. “They just want the money.”

Bi-County has survived only because longtime vendors have extended credit — one is owed almost $300,000, Mr. Hirsch said. Twice, the government has made settlement offers that would require the brothers to give up an “excessive” portion of the money, according to a new court filing.

“We’re just hanging on as a family here,” Mr. Hirsch said. “We weren’t going to take a settlement, because I was not guilty.”

Army Sgt. Jeff Cortazzo of Arlington, Va., began saving for his daughters’ college costs during the financial crisis, when many banks were failing. He stored cash first in his basement and then in a safe-deposit box. All of the money came from paychecks, he said, but he worried that when he deposited it in a bank, he would be forced to pay taxes on the money again. So he asked the bank teller what to do.

“She said: ‘Oh, that’s easy. You just have to deposit less than $10,000.'”

The government seized $66,000; settling cost Sergeant Cortazzo $21,000. As a result, the eldest of his three daughters had to delay college by a year.

“Why didn’t the teller tell me that was illegal?” he said. “I would have just plopped the whole thing in the account and been done with it.”

http://www.nytimes.com/2014/10/26/us/law-lets-irs-seize-accounts-on-suspicion-no-crime-required.html?_r=0
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« Reply #21 on: January 02, 2015, 05:50:44 am »

Customer Deposits Are Property of the Bank: Close Your Account NOW

In June of 2012, Eric Bloom, former chief executive, and Charles Mosely, head trader of Sentinel Management Group (SMG) were indicted for stealing $500 million in customer secured funds. Both Mosely and Bloom were accused of “exposing” customer segregated funds “to a portfolio of highly risky derivatives.”

These customer funds were used to “back up personal investments” which were part of “collateral for a loan from Bank of New York Mellon” (BNYM). This loan derived from stolen customer monies was “used to purchase millions of dollars worth of high-risk, illiquid securities, including collateralized debt obligations, or CDOs, for a trading portfolio that benefited Sentinel’s officers, including Mosley, Bloom and certain Bloom family members.”

Fast forward to August 9th of 2012, and the 7th Circuit Court of Appeals (CCA) rules that BNYM can be moved to first in line of creditors over the customers that had their funds stolen by SMG.

When a banking customer deposits their money into their bank account, the Federal Deposit Insurance Corporation (FDIC) and Securities Investor Protection Corporation (SPIC) are in place to protect the customer from fraud or theft. The ruling from the CCA means that these regulatory systems will not insure customer funds, investments, depositors and retirees who hold accounts in banks. In fact, the banking institution is now legally allowed to use those customer funds deposited as collateral, payment on debts for loans made, or free use on the stock market to purchase investments as the bank sees fit.

Fred Grede, SMG trustee, explained that brokers are no longer required to keep customer money separate from their own. “It does not bode well for the protection of customer funds.”

Since the ruling gives banks the right to co-mingle customer funds with their own, no crime can be committed for the use of customer deposited monies.

According to Walker Todd , former lawyer for the Federal Reserve Bank of New York and Cleveland: “Basically, there is a new 7th Circuit opinion saying that there is no reason to impose a constructive trust on a lender’s takings of customers’ funds from client commodity firms that were used (inappropriately) to secure the firms’ borrowings, as long as the lender can say that it did not know WITH CERTAINTY that customers’ funds were being repledged. Negligence and misappropriation (vs. knowing criminal intent) are now a sufficient excuse for letting the lender keep the money and go to the head of the line for distributions in bankruptcies of the client commodity firms.”

When a customer deposits money into a bank, the bank essentially issues a promise to have those funds available when the customer returns to withdraw the deposited amount. When the same customer withdraws funds from their account (whether checking or savings) the customer assumes that the bank has enough funds to cover their withdrawal; including the presumption that their monies are separate from the bank’s assets.

Now, those funds are up for grabs by the bank at their discretion without explanation to the customer – nor is the bank obligated to recoup the customer should they “lose” those funds due to bad loans, bankruptcy or stock market loss.

In Texas, Pamela Cobb, manager of Bank of America (BoA), stole an estimated $2 million from customer funds for personal use. Cobb had been taking customer segregated funds since 2002.

Customers have complained of fraudulent charges placed on their accounts that BoA cannot explain. When the customer brings these charges to the in-house fraud department, they are given the run-around until they acquiesce.

Other customers have had their private possessions stolen right out of their safety deposit box held at BoA. The safety deposit box was drilled into and the contents shipped to the BoA corporate holding center in South Carolina.

In 1992 to 2003, Citibank called their theft of customer funds “account sweeping” wherein they stole more than $14 million from customers nationally. Using computerized credit card processes to remove positive and negative balances from customers, the scheme included double payments or funds paid out on returned purchases that were then attributed back to the customer.

At Chase bank, an anonymous employee opened an account under a customer name (targeting an Alzheimer’s sufferer), complete with a personal debit card. An estimated $300 per day was withdrawn on the fraudulent account. When family representing the victim alerted Chase, they brushed them off with an internal investigation claim – even as the family sought legal action.

Banking fraud against the elderly has risen of late, since banks realize they can steal massive amounts of cash from their aging customers with little to no repercussions.

The recent ruling on SMG has given the banking industry the legal backing they have been lacking when stealing from their customers.

Our financial institutions have been planning for a financial collapse wherein the US government will not offer assistance. The resolution plans required by the Federal Reserve Bank, described schemes to have the major domestic banks remain afloat by selling off assets, finding alternative sources of funding, reducing risky measures that make a quick buck. These strategies were to be perfected with “no assumption of extraordinary support from the public sector.”

Of recent, when withdrawing cash from an ATM, the daily allotted amount has decreased with some banks, thereby forcing the customer to go into the branch and extract the difference with a teller. At this point, according to anonymous informants, the customer is taken into a backroom to be questioned as to why they want the cash, what they are purchasing with the cash, why they are not choosing to use a debit card or another form of digital trade to make the purchase. These questions are not only intrusive, they are illegal.

Some anonymous sources have said that banking representatives who conduct the integrations are directed to keep a record of customer responses on an online application that will be sent to the FBI in conjunction with Patriot Act mandates on tracking banking activity.

Customer funds are no longer secure, no longer backed by the FDIC or other insurance corporations, and banks are legally allowed to be co-mingled with other funds of the bank. The only safe place for your money is with you.

Now is the time to close your bank account.

http://www.occupycorporatism.com/customer-deposits-are-property-of-the-bank-close-your-account-now/
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« Reply #22 on: January 02, 2015, 05:52:33 am »

THE MONEY IN YOUR BANK ACCOUNT WAS STOLEN THIS MORNING

The headline is not a mistake. Yes, you can still go to the ATM and withdraw funds. You can take small amounts of cash out of the bank without the IRS seizing everything you own. However, because of new rules that went into effect this morning, your bank deposits have no insurance and it is a matter of time until they are stolen right from under your nose.
The G20 Just Stole Your Bank Account

Can you find yourself in the picture?

With the G-20 summit coming up this weekend in Brisbane, Australia, it might be worth wondering if you can have too much money in the bank, or, whether you should any money in the bank at all!

As of this morning all nations belonging to the G20 will immediately submit and pass legislation that will fulfill a new investment program. This new program creates a whole new paradigm and set of rules whereby banks will no longer recognize your deposits as money.

Russell Napier is declaring November 16th as “the day money dies,” and this constitutes today’s  Zero Hedge’s headline. According to Zero Hedge, Napier says the G-20 will announce “that bank deposits are just part of commercial banks’capital structure, and also that they are far from the most senior portion of that structure.” Pay close attention America this means that following a bank failure, “a bank deposit is no longer money in the way a banknote is.”

This G20 legislation will formally push down bank accounts through the capital structure to a position of being mere material capital risk in any ‘failing’ institution. In our last financial crisis, deposits were de facto guaranteed by the state, but beginning November 16th holders of large-scale deposits will be just another creditor fighting to regain their share of the assets of a failed bank,” according to Zero Hedge. And how much will your former money be worth when you come to make your claim? For reasons that will become apparent as you weave your way through this article and its conclusions, if you have $100,000 in a bank account, you will take home under $1200!  This is why for the past 18 months I have been telling the nation to not deposit your paycheck into the bank. The prudent thing to do is to only put enough money in the bank to pay your basic bills and do other things with the remainder of the money, such as pay off your mortgage or pay off your car loans. If you have not been doing this, then you are almost out of time for the banksters have recently practiced how to steal your bank account.

The Federal Reserve and the Bank of England Have Already Rehearsed the Theft of Your Bank Account

bank-holiday2The theft of the people’s money has already been rehearsed by the powers that be in the banking industry. Regulators from the United States and the United Kingdom got together in a war room to see how they will cope when the next big bank fails.

Treasury Secretary Jack Lew and the UK’s Chancellor of the Exchequer, George Osborne, on this past Monday (11/10), ran a joint exercise simulating how they would prop up a large bank (e.g. Bank of America) with operations in both countries that has landed itself in trouble. Also taking part in the “bank failure drill” was Federal Reserve Chair Janet Yellen and Bank of England Governor Mark Carney, and the heads of a large number of other regulators, in a meeting hosted by the U.S. Federal Deposit Insurance Corporation.

Your Bank Account Has No Protection

fdic protectionThe FDIC has only about $25 billion in its deposit insurance fund, which is mandated by law to keep a balance equivalent to only 1.15% of insured deposits.


If a banking collapse were to be on the near horizon, the banksters are not going to notify you because they would not want to incite a bank run. With only 1.15% of all deposits being insured by the FDIC, your money would be left vulnerable and only the elite would be warned as they quietly transfer their money to a safer haven, such as gold. How do I know this? Please read on.

Goldman Sachs Opened the Gates to Hell


Silver prices have dropped dramatically covering an aggregate period of 18 months. Panic selling dominated the market as investors and financial institutions could not dump their holdings of silver and gold fast enough. The market clearly shows signs of mass manipulation by the Globalists.  The globalists have been moving their fiat currency holdings to gold since the Spring of 2013. The price of gold was artificially manipulated by Goldman Sachs to drive down the price of gold in order to make it cheaper for the powers-that-be to purchase gold cheaply. You see, they know that very soon, there will no money left in the banks. You want proof? The best proof that the globalists are manipulating the price of gold comes from “Goldman Sachs (who), in the Spring of 2013, told their  that they recommend initiating a short COMEX gold position.”

 This has been going on for over 18 months!

goldman and plutocrats

    Please remember that this is the same Goldman Sachs that shorted its stocks on 9/11. This is the same Goldman Sachs that placed put options on Transocean stock the morning of the Gulf oil explosion. This is the same Goldman Sachs that got caught shorting the housing market in advance of the housing bubble burst. Basically, when Goldman Sachs starts shorting anything, we should all become apprehensive particularly if our individual investments are anywhere in the neighborhood of the commodities being impacted by shorting. When Goldman Sachs begins to short anything, it is time to take your money and run for the hills. That time would be now.
 
Why Would Goldman Sachs Dramatically Drive the Price of Gold Down?

 
Beside trading and bartering, if the dollar and the Euro were to collapse tomorrow, what currency of exchange would the left standing? The obvious and simple answer would be primarily, gold, and secondarily, silver. Ask yourself this question, if you knew that paper monies all around the world were to collapse, what action would represent your best option? The obvious answer would be to dramatically drive down the price of gold and silver if one had the ability to do so, and then buy as much as gold as one possibly could. Goldman Sachs has the ability to do so by utilizing their ominous shorting strategy and it is precisely what they have done.

ONE MORE DOT TO CONNECT

goldman sachs us treasuryAdditionally, your bank account has been collateralized against the derivatives debt. Hence, you had, in 2008, former CEO of Goldman Sachs and the Secretary of Treasury, Hank Paulson, telling a closed session of Congress that if they did not authorize the bailouts, there would be tanks in the street an ultimately, REVOLUTION! This was necessitated by the credit swap derivatives Ponzi scheme and the debacle that followed.

Further, the bankruptcy reform laws stemming from the Bankruptcy Reform Act of 2005, the credit swap derivatives counter-parties are given preference over all other creditors and customers of the bankrupt financial institution, including FDIC insured depositors.  This is why the G20 effectively stole your money this morning!

In the action taken by the G20 nations, this morning, your bank account is no longer considered to be money.  The bankers holding the bag on the credit swap derivatives will move to the head of the FDIC compensation line. Therefore, the regulations requiring that your money be insured by the FDIC are no longer in effect!  This devaluation of “money to something other than money gives what the experts call “super priority” in terms of the line of succession from which to collect bankruptcy monies.   TAKE YOUR MONEY OUT OF THE BANK! But do not do so until you read my next article because you could go to jail if you make a mistake.

BANKSTERS A

To make matters worse, Bank of America has conspicuously co-mingled their credit swap derivatives debt with your savings account and as such they have every legal right use your money to cover their debt. The derivatives debt is conservatively estimated to be one quadrillion dollars which is about 16 times the entire GDP of the planet. Even before today, your money is as good as gone. Today’s action by the G20 only further cements this new reality that you, your labor your possessions are all slave capital to the banksters. Your value as a human being has been monitized.

To The Dumbed Down Sheep of America

We have recently discovered that JP Morgan is in the same exact boat as Bank of America as is Wells Fargo. Oh, they would never do that and steal your money, you say?  I have bad news for the uninformed sheep of this country, they already have done that very thing.

In the MF Global debacle, the reason that MF Global  customers lost their segregated account funds was because the MF Global debt load was caused primarily because of their credit swap derivatives debt which, under bankruptcy laws, gave derivatives claimants super-priority in the bankruptcy proceedings.  This is why Corzine and his fellow criminals did not go to prison as former Goldman Sachs executive, now the head of the Securities and Exchange CME gave Corzine, a former Goldman Sachs executive, a free pass on the theft of investors money at MF Global. This was a beta test.

As of this morning, every bank account in America became an MF Global. You are now playing in a game with no rules.
Some of the sheep might actually wake up when they lose their bank account.

Some of the sheep might actually wake up when they lose their bank account to the latest in banking conspiracies.

 

Remember, sheep of America, as you are driving to work tomorrow, you are doing so in order that to have the privilege to earn money and give it to Goldman Sachs, Bank of America, Wells Fargo and JP Morgan Chase.

In short, you do not matter and as of this morning, your money is not really money and your bank account is no longer in your control.

 
Conclusion

Before this week is over, I will be revealing how you can save some of your money. It is too late to save all of your money as that ship sailed some time ago. However, it is still possible to save much more that the 1.1% that your government is going to give you as compensation. Did I mention that 401 k’s and your retirements are next?

http://www.thecommonsenseshow.com/2014/11/16/the-money-in-your-bank-account-was-stolen-this-morning/
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« Reply #23 on: August 24, 2017, 12:46:34 pm »

http://www.naturalnews.com/2017-08-13-corporations-saving-billions-as-americans-are-dying-younger-from-toxic-effects-of-medications-pesticides-and-herbicides.html

Corporations saving BILLIONS as Americans are dying younger from toxic effects of medications, pesticides and herbicides

Sunday, August 13, 2017 by: Isabelle Z.
Tags: American life expectancy, Antidepressants, cancer, cost savings, death rate, diabetes, early deaths, life expectancy, longevity, medications, pensions, pesticides, retirement savings, suicide, unhealthy habits
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Image: Corporations saving BILLIONS as Americans are dying younger from toxic effects of medications, pesticides and herbicides

(Natural News) Until recently, the average American life expectancy has gone up. However, it now appears that the toxic lifestyle embraced by much of the country is finally catching up with people, and those life expectancy gains have come to screeching halt. This might be bad news for individuals and their loved ones, but corporations are noting sizeable savings in the form of pension costs. After all, if employees die younger, a firm won’t have to pay them a pension or other lifelong retirement benefits for as many years.

After the American death rate increased for the first time since 1999 two years ago, at least a dozen major corporations have been able to reduce estimates for the amount of money they might owe retirees by more than $9.7 billion combined. Lockheed Martin alone was able to adjust its estimates regarding retirement obligations downward by $1.6 billion in 2015 and 2016, and firms like Verizon and General Motors are also reaping the benefits. This is based on an analysis carried out by Bloomberg of company filings. The American death rate is an age-adjusted share of Americans dying.

Meanwhile, a report issued in July by the social security chief actuary showed a slight improvement in its financial outlook as longevity gains failed to meet last year’s projections.

While other factors also play a role in the amount of money companies must shell out in pensions – including salary levels, health care costs, and asset returns – the notion that these firms are changing their adjustments based on the new mortality trend shows just how serious it is.

The death rates for people in the U.S. older than 50 have improved by one percent per year since 1950 on average. The long-term trend increased up to two percent in the years from 2000 to 2009 before stalling; the death rates only improved by about half a percent each year from 2010 to 2014. The life expectancy for 65-year-olds rose by a meager four months in the years from 2010 and 2015, which is half of the improvement noted in the years from 2005 to 2010. Moreover, the American death rate actually increased in 2015, and the death rate worsened for those over 65 in the first reversal for Americans of retirement age to be seen since 1999.

Experts say trend deserves urgent attention

Experts say that it is very concerning when the life expectancy of a developed country stops improving, and it’s even worse when it drops. Urban Institute Demographer Laudan Aron said that this trend reflects many of the “underlying conditions of life.” He feels that this dropping trajectory, particularly in comparison to those of other wealthy nations, should be considered among the most urgent issues on our national agenda.

Medications, pesticides, and poor diet to blame

It’s not surprising to see these trends given the unhealthy habits of many Americans. A paper from the Proceedings of the National Academy of Sciences of the United States of America suggested that the mortality rate for middle-aged white Americans was rising largely because of suicides and drug overdoses. Antidepressant use has also been on the rise in recent years, and antidepressants increase a person’s risk of suicide. Drug overdoses, meanwhile, have also been climbing thanks to opioid addiction, with many people starting down this deadly path thanks to prescriptions for painkillers given to them by their doctors.

Cancer is another big killer in the U.S., and the toxins found in our everyday products could be to blame. The pesticides and herbicides sprayed on our produce, for example, are carcinogens, while many of the foods found in American grocery stores are full of dangerous additives. Meanwhile, the nation’s skyrocketing obesity rate due to unhealthy food and a lack of exercise is also sending Americans to an early grave by causing heart disease and diabetes.
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« Reply #24 on: October 10, 2017, 08:52:27 pm »

http://truthfeednews.com/breaking-opec-is-begging-the-united-states-for-oil-help/

BREAKING: OPEC is BEGGING the United States for ‘OIL HELP’
Breaking News By Amy Moreno October 10, 2017

Did you ever think you’d see the day when OPEC was begging the United States for help?

It’s amazing, the strides the U.S. has made in becoming not only oil independent, but also able to sell oil, as well.

Thanks to President Trump, things will only get better.

OPEC, however, isn’t having such a pleasurable go of it, and they’re begging the U.S. for help.

From Zero Hedge

While OPEC has been presenting an optimistic facade in recent months, repeating at every opportunity that the global oil market is “rebalancing” and demand is rising, the oil production cartel made a rare slip today when it addressed what should not be named in public: US shale production. Speaking on Tuesday, OPEC Secretary General Mohammed Barkindo called on U.S. shale oil producers to help curtail global oil supply, warning extraordinary measures might be needed next year to sustain the rebalanced market in the medium to long term. Which is odd because in every other public address by OPEC members, we hear precisely the opposite: that the market is already in a state of “healthy rebalancing” and… the oil production cut which was supposed to last until this past June may now be extended beyond March of 2018.

“We urge our friends, in the shale basins of North America to take this shared responsibility with all seriousness it deserves, as one of the key lessons learnt from the current unique supply-driven cycle,” said Barkindo quoted by Reuters during a speech delivered at the India Energy Forum organized by CERAWeek in New Delhi.

“At the moment we (OPEC and independent U.S. producers) both agreed that we have a shared responsibility in maintaining stability because they are also not insulated from the impact of this downturn,” Barkindo said, referring to a slide in oil prices that spurred OPEC to agree production cuts late last year.
“The call by independents themselves (is) that we need to continue this interaction.”

Some independents… but not all, and certainly not the cash-flush US shale producers.

Which is why it is unclear just how much this “call” by non-shale independents will bother, or even be heard, by shale producers: fundamentally it is all about liquidity and cash flow, and whereas much of OPEC is at or just shy of its all-in breakeven costs (when factoring in government budgets), shale has no problems obtaining funding courtesy of a massive bond bubble, which allows it to keep its balance sheet stocked with cash, even if the cash flow from operations is barely positive. As such, all shale is doing is capturing market share from those OPEC producers who are prohibited from spending more to replenish existing output, something which the overly generous US junk bond market will allow shale to keep doing indefinitely, and at least until there is another sharp drop in oil prices.
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