Bail INS vs Bail OUTs: Can the bank really steal your money?
The simple answer, YES banks absolutely CAN take your money. It's more or less legalised theft of your savings.
The truth of bail in’s are far worse than bail outs.
The simple answer, YES banks absolutely CAN take your money. It's more or less legalised theft of your savings.
The truth of bail in’s are far worse than bail outs.
There are certain illusions the media and government want you to believe about what is happening, and then there Is reality. I am merely trying to shine a light on the differences between the two.
The bail in, is a whole new level of corruption. The bank can legally take possession of your deposit and savings and turn it into worthless banking stock. The bank can now legally obtain a money judgment and have the funds in your bank account frozen, or seize them outright.
People are oftentimes disillusioned to think that the bank has an obligation to you to give you your money; after all, you’re the one who deposited it— but actually, they have no such obligation. And yes, for those that doubt me, it is legal.
You are probably familiar with the term "bail out" from 2008, where the government used tax payer money to bail out the banks; it became one of the biggest scandals in modern history. (That is until the covid nonsense began, but I will save that argument for another day.)
With traditional bail outs, funded by your taxes, even if your taxes go up, you still have a fighting chance to pay your bills. If your bank account or pension gets wiped because of these bail ins, that’s it. No one is coming to rescue you
Take 2:
If you are saving in the bank right now, you are losing purchasing power daily. This is because as more currency is printed into supply, it weakens the value of currency in existence. This is inflation in plain sight.
If you are saving in the bank right now, you are losing purchasing power daily. This is because as more currency is printed into supply, it weakens the value of currency in existence. This is inflation in plain sight.
Bail In's effect all of us- depositors, savers, pensioners and bond holders. If you haven't taken this seriously yet, now is the time to make a move.
Please read my entire blog post here: steemit.com/imf/@jennifera…
Please read my entire blog post here: steemit.com/imf/@jennifera…
What about the FSCS , FCA, or the FDIC—- surely they will protect the people? Do you know how much money is these accounts? It's roughly 0.25% funded— a fraction of what would be needed.
With only .25% of your deposits in the bank, not to mention the hundreds of trillions of derivatives, there’s no chance you will see that money.
If the banking sector collapsed, there is no way you will EVER get all your money out of the bank.
Again, to look back to the historical reference from 2008, over 1200 banks went to the FDIC for money— they didn't have the money and the FDIC had to go to the treasury.
Again, to look back to the historical reference from 2008, over 1200 banks went to the FDIC for money— they didn't have the money and the FDIC had to go to the treasury.
I encourage you to look at what happened during the Great Depression—or before the crash in 2008. We are seeing some of the same patterns. Anyone noticed that the banks are cutting credit limits or cutting out credit cards in general?
Anyone pick up on Wells Fargo convenient cut to the credit lines as well? Didn’t they do this just before the crash in 2008?
The UK’s FSB, Federation of Small Businesses, also legalised the bail in; they were institutionalised in 2014. The FSB allowed the priority of payment to bank derivatives first, above all other creditors.
Remember what happened in 2008 with the derivative market? Do you remember any changes taken place? I don't. The regulation changed, but the behaviour didn’t. And the regulation merely put a band aid on the derivative market, hardly fixed a thing.
I will have to do a separate post about the derivative tsunami later— but until I do, don’t forget about the hundreds of trillions of dollars that exist in this market.
The FSB allowing this to continue means that when the derivatives market does finally pop, (because it absolutely will) the banks and financial institutions get paid FIRST, and then the people.
Bail ins effect everyone: steemit.com/imf/@jennifera…
If you want to join a group of like minded red pilled group of people preparing for the upcoming financial collapse please join my subscriber group and Shadow Banned chats - we host threads and discussions around this stuff weekly: t.me/RealJenniferAr…
Take 3 for continuity—> If you are saving in the bank right now, you are losing purchasing power daily. This is because as more currency is printed into supply, it weakens the value of currency in existence. This is inflation in plain sight.
Bail In's effect all of us- depositors, savers, pensioners and bond holders. If you haven't taken this seriously yet, now is the time to make a move.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
