Monday, July 13, 2015
The Fed, banks have secretly built up over $30 TRILLION worth of the same toxic assets that destroyed our economy in 2008. But this time, when the entire house of cards comes crashing down, neither the U.S. government or the Federal Reserve have the resources to bail out the banks and prop up the stock market. Thus, experts now warn: The global banking system is on the verge of collapse!
The 2008 global banking collapse was caused primarily by the big banks gambling on trillions of dollars of toxic assets tied to the bubble real estate market. When the real estate bubble popped, those toxic assets wiped out the banks. This caused the entire global economy to collapse – trillions of dollars disappeared from savings and retirement accounts around the world, and unemployment rates skyrocketed.
Millions of people lost their life savings, families are still struggling with real unemployment or underemployment, and an entire generation of young people are graduating college with no career options. And as we now see, entire nations like Greece are about to crumble because they never recovered from the debacle of ’08.
So, when we speak of “recovery,” we’re talking about banks and financial institutions. The fact is, big banks “recovered” because politicians and The Fed pumped trillions of dollars of YOUR money into the banks and the stock market. And not a single fraudulent banker went to jail. So the banks hoarded trillions of dollars and avoided bankruptcy, while the crooks on Wall Street rebounded to record levels despite ZERO evidence of real economic recovery.
The Fed pumping trillions of your dollars into the banking system and the markets.
Once the big banks got trillions in government welfare and realized no one was going to jail, they immediately set out to recreate the ungodly wealth they had enjoyed prior to 2008. That meant only one thing: banks began stockpiling the same toxic real estate assets that had poisoned our global economy in 2008. Experts have uncovered recent data that confirms the horrifying truth. Toxic real estate assets are now 8 times the U.S. budget, almost twice the national debt, and bigger than the entire U.S. stock market!
People do you understand that the military is now getting a twenty percent REDUCTION in their retirement? Don’t think for a minute that those of you with IRA’s or 401K’s also won’t be getting a deep cut as well from your savings. In fact, I foresee all 401k’s being taken before the fall of the stock market in a few months.
How many remember 2007-2008? I do as I sold all my property and left the failing state for a reason. I lived a great life and no money concerns until 2008. Bang, it happens so fast that you will not know what happened until your broke. Don’t be foolish, after all your going to still hear 17 trillion as well as 20-22 trillion is where were at. I need to remind you that our stock market also r4eceived ten trillion as most banks to make things look rosey. Your now looking at thirty trillion and the Fed’s are not stopping the printing press of hundreds of billions of dollars being printed daily!
The Justice Department has ordered bank employees to consider calling the police on customers who withdraw $5,000 dollars or more. How many of you have heard of this, was 10, 000.00 back in 2009. I was stranded and in another state Arizona and needed exactly that amount. Took most of the day fifteen hours to get my money from my own back delivered to me. Questions were why I needed my own money. Checks and more checks made. Now it’s down to $5,000.00. Oh boy, it is going to get worst people. A lot worst.
HSBC is now interrogating its account holders in the UK on how they earn and spend their money as well as restricting cash withdrawals for customers. Banks in the U.S. are making it harder for customers to withdraw and deposit cash, with Chase imposing new capital controls that mandate identification for cash deposits and ban cash being deposited into another person’s account. Chase banned international wire transfers while restricting cash activity for business customers (both deposits and withdrawals). The French government announced it will restrict French citizens from making cash payments over €1,000 euros.
As first exposed by the Wall Street Journal, the Department of Justice and bank regulators are unconstitutionally pressuring banks to refuse banking services to perfectly legal industries, under the guise that they pose a “reputation risk” to the bank. Not surprisingly, two of the main industries targeted by this illegal program just happen to be two of the biggest threats to the federal government: guns and gold. That’s right, the federal government is actively trying to choke sellers of guns & precious metals out of the financial industry. The government’s stunning objective with such an operation: to cut off American citizens from access to guns & gold completely. So if you’ve been waiting for the opportunity to defend your savings & retirement from government overreach, you better act soon.
Operation Choke Point’s clear objective is to destroy certain industries. Which industries? As reported by the St. Louis Post-Dispatch, critics believe “it’s a thinly veiled ideological attack on industries the Obama administration doesn’t like,” such as gun sellers, precious metals companies, and coal producers.
What’s more, Operation Choke Point is conducted without first having shown that the targeted companies are violating the law. All of the targeted industries are perfectly legal, and the companies have not been charged with any crime. So the government is shutting legal companies out of the financial industry – effectively shutting them down – without any shred of due process! And this comes on the heels of numerous government programs to unconstitutionally confiscate citizen savings & retirement. The U.S. government is officially out of control!
United States and governments across the globe are increasingly turning to private wealth confiscation in order to manage their massive debts and maintain their power structure. Throughout America, police seize cash from innocent citizens without ever charging them with a crime. Bankers conspire with the IRS to seize the accounts of innocent citizens with no notification, no court order, and no charge of crimes. The IMF proposes global wealth confiscation as a means of funding bankrupt governments. And Congress passes controversial new laws to make your savings & retirement a prime target for confiscation.
So with our desperate government gaining unprecedented access to your personal savings anywhere in the world, naturally the government’s interests are threatened by the one thing that takes your money out of the digital financial system and beyond government control: And that’s gold & silver. Gold & silver are the ONE asset class this sits outside the financial system and is completely secure from government confiscation and global economic collapse. So when you keep some of your savings & retirement in physical gold & silver, you keep it out of government reach.
With the Federal Reserve currently buying 90% of the U.S. Treasury market (and going insolvent doing so), who do you think the government will lean on to finance the debt when the Fed runs out of ammo? The answer is YOU. In fact, the U.S. government has made several highly controversial moves to make your savings & retirement accounts a prime target for confiscation! They’re using legislation and authoritarian power in collusion with the modern financial system to gain access to your private assets in the name of “protection”, “security” or “national emergency.” But in reality, your savings & wealth are being targeted as a revenue source.
Obama’s latest proposal is to tax citizens’ college savings plans to pay for new programs, such as making the first two years of community college free. So hard-working Americans will now have a portion of their children’s college savings confiscated through new taxation. This comes right on the heels of Obama’s previous initiative: the MyRA. MyRA means your retirement money will now be used to pay for U.S. debt. The MyRA is nothing more than an investment scam being sold to the American people as a you-can’t-lose, zero-risk investment. But in reality, the Fed can’t conjure up money from thin air to buy the debt anymore, and our foreign friends don’t want our debt anymore, so Obama needs YOU to finance the debt.
The Foreign Account Tax Compliance Act, or FATCA, took effect in 2014. FATCA requires foreign banks to disclose the identity and details of Americans with foreign accounts. Foreign Financial Institutions must report our account numbers, balances, names, addresses, and U.S. identification numbers. If they do not, they will receive a FATCA letter warning them to comply, or else. What happens if a financial institution doesn’t comply with U.S. demands? FATCA cuts off companies from access to critical U.S. financial markets if they fail to pass along American data – tantamount to financial warfare against many of our own allies. Fearing the wrath of the U.S. government, more than 100 nations have agreed to the law, including the Vatican! Even Russia and China have been intimidated into signing on.
Think your money is safe in the bank? Think again. A recent bombshell from the New York Times exposed that the nation’s biggest banks have willingly turned bank accounts over to the government for total confiscation. It’s all done in secrecy, often initiated by the bankers. Tragically, bank account holders don’t even know they’re being targeted until after the money is seized from their accounts. The banks’ deplorable actions have resulted in millions of dollars stolen from U.S. citizens without a shred of due process. And in 80% of the cases, no criminal charges were ever filed. Even more alarming – in a matter of just a few years – these cases of unconstitutional bank account seizures have risen over 500%!
In learning about the massive bank account seizures, you might think your money is safer as cash in your hands. Think again. As revealed in a recent Washington Post report, the executive branch of government has seized money from thousands of innocent U.S. citizens with absolutely no due process. Police departments around the country, at the command of the Justice Department & Homeland Security, have confiscated money from over 200,000 citizens – in some cases tens of thousands of dollars – even though many of them committed no crime! Why? Because our state & federal governments are broke, bankrupt and in desperate need of capital. Just like the administration, law enforcement is shredding the Constitution and rule of law. The Police State is now being expanded to unlawfully gain access to citizens’ money.
I remember buying my oldest grandson a car, and the dealer wanted a little more than $7,500.00. Since I did away with credit cards, as well as checks, but not my bank just yet. After all sure did not want to travel around this area with all my cash. Did keep thousands in my safe until it was broken into with a No Knock Warrant and of course I was at work and the thousands were taken by those cutting open my safe. No proof to this date after all a lot took place over the years with the thungs or crooks of Bentonville Arkansas.
Went to my back and asked for $7,500.00 in cash. Yup, sure did and of course the bank did notify the good old boys as well as hard to say who else. Went to the dealer and counted the cash out for the car for my grand son. Talk about and uproar here in little old Rogers, Arkansas. Never seen so much cash and why not a cashiers check. Because I was told cash so I got cash. My grandson of course was happy and I seen what was coming. Had a ten thousand dollar mobil home and a grandson wanted some car not worth even a hundred bucks, the people were living in it so what did I do give the home away for the useless car. Know they were happy, after all it was in great shape as well as ran good. I drove it up here from Arizona and just wanted to settle down and do some good deeds for others. Never heard from them since as really would like to know if they helped someone else as we agreed. I have always done this when growing up and working. Never asked for anything in return and never took it as a tax write off eiter as it was always a good deed that my parents taught me as a young kid.
So potentially you can receive a visit from the police, be put on a terror watch list, and/or have your assets seized for doing nothing other than simply withdrawing your hard earned cash from the bank.
Let that sink in for a moment.
All of that for trying to withdraw your own money from a bank!
It’s always for “our” safety… always about safety.
Just give up a little bit more freedom and exchange it for the warm fuzzy feeling of safety. Exactly how much more liberty must we give up before we finally achieve the ever elusive maximum security?
It seems everyone is a suspect in police state USA. I have been for years and fight with them all the time still. Just the bad ones and those are careful now days as they know I will fight for my rights as well as go to jail until I can bring them to justice as well. Yes, been to jail once as well because of a bad jerk off and he was a real ass hole for sure and needed to be taken down as he destroyed many family lives until he reached me, and it all came to a stop! Story in here some place as well as I keep it alive every year.
Since I will be 69 years old in a few months, best prepare people as things are not going to be pretty at all.
Monday, July 13, 2015