Now banks can steal your money

#3
Converting debt into equity as a means of capitalizing restructured operations. Hmmmmm, that would require that depositor's money be considered a debt on the bank's balance sheet.

I'm not going to buy into the tinfoil just yet. Need to do some more research.
 
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#4
Gunfighter14e2 said:
Keep believing in pie in the sky, this ruling changes everything. All the pieces are just about in place.

Banks Can Legally Steal Customer Funds From Private Checking Accounts | Occupy Corporatism

www.occupycorporatism.com www.occupycorporatism.com

www.wnd.com

U.S. banks already can take your money * WorldNetDaily * by F. Michael Maloof

... Read more
www.wnd.com www.wnd.com
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This is old news man going on a decade any time you have 'comprehensive legislation' that a cue in for 'sliding in bull shits under the radar noise'. All unsecured creditors, bond holders, depositors suddenly are subordinated to all bank debt with what amounts to a stroke of a pen. It can be done as quickly as a day via the Federal regulators it's all been set up and ready to go internally with TBTF institutions b/c bank runs happen like a lightning strike. There is something like ~ 1/4 quadrillion in derivatives as of 2019 from the 'too big to fail' banks alone.

Also it's not just your run of the mill bank depositors. The law provides for the SEC to do this as well so don't think that by moving your money out of say Bank of America over to a Vanguard settlement trading account that your money is safer....it's not. It all goes into federal receivership. The $250k FDIC is just window dressing to keep the public feeling 'safe and secure'.
 
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#6
Maggot said:
Due to whats called 'Fractional lending' the banks usually have less than 10% of what is actually deposited. In other words, if you deposit $1 they lend $9 .
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Yup just one more lever the Federal Reserve uses to attempt to control the uncontrollable....how can anyone/thing be so wrong so often, yet held in such esteem? I swear as long as someone has lots of letters after their name they seem to be immune from job performance benchmarks. 'Oh they are so smart!'.
 
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#7
Reading a book right now that is fiction, but covers this factual subject in detail, and lays out probable endgame scenario.
Yes this is old news, but another 4th page article that we had better start paying attention.

When it starts failing this is just a few of the dominos that will fall. When these dominos start falling, it'll be too late to move your money.
The hour is 2355.
 
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#8
From my grandfather's diary:
53423815_10217153926307670_2232284530264244224_o.jpg
 
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#9
armorpl8chikn said:
Reading a book right now that is fiction, but covers this factual subject in detail, and lays out probable endgame scenario.
Yes this is old news, but another 4th page article that we had better start paying attention.

When it starts failing this is just a few of the dominos that will fall. When these dominos start falling, it'll be too late to move your money.
The hour is 2355.
Click to expand...
I'm a voracious reader what is the title? Might be nice to break up my repertoire with some 'fiction'....hopefully not to look back on it and say it was prophetic.
 
#10
armorpl8chikn said:
Reading a book right now that is fiction, but covers this factual subject in detail, and lays out probable endgame scenario.
Yes this is old news, but another 4th page article that we had better start paying attention.

When it starts failing this is just a few of the dominos that will fall. When these dominos start falling, it'll be too late to move your money.
The hour is 2355.
Click to expand...

Thats why my investments are in REAL estate. Traditionally it pays a bit less but they cant just go 'poof' and its gone. Something I can touch and rent out, live in if necessary.
 
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#11
8pointer said:
Yup just one more lever the Federal Reserve uses to attempt to control the uncontrollable....how can anyone/thing be so wrong so often, yet held in such esteem? I swear as long as someone has lots of letters after their name they seem to be immune from job performance benchmarks. 'Oh they are so smart!'.
Click to expand...

Thats one reason JFK got shot. He threatened to dissolve the FED. Dont threaten the money.
 
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#12
This is why they are all trying their hardest to eliminate cash and make you fully dependent on them with all you own being under their control.
So when the Global Banking Elites make a mistake they can just steal all your money to cover up their shortfall.
Not to mention as proven before when they want to force governments to bend to their will, they just steal everyone's money.

The government and the banks have used the "War on Drugs" as an excuse to get all the good people to be stupid enough to accept the new propaganda that if you have a bunch of cash you must be up to no good.

Now they own all your money.
 
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#13
Maggot said:
Thats why my investments are in REAL estate. Traditionally it pays a bit less but they cant just go 'poof' and its gone. Something I can touch and rent out, live in if necessary.
Click to expand...

Don't worry, the Communists have a plan to relieve you of that excess wealth as well.... just like it happened in every other country that went socialist / communist.
 
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#14
Maggot said:
Thats why my investments are in REAL estate. Traditionally it pays a bit less but they cant just go 'poof' and its gone. Something I can touch and rent out, live in if necessary.
Click to expand...
If you have not visited these guys it's a fantastic wealth of information.....essentially a finance aggregator think tank of NON-brokerage firm lemmings...some fantastic insight here from guys who put their money where their mouth is! If you are investing in mREIT/eREITs or other types of real estate holdings I think you will find it a great resource. And even if it's owning hard land/homes there is a ton of great info here on interest rates. Ton of free articles, but also some pay subscriptions

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seekingalpha.com seekingalpha.com
 
#15
8pointer said:
I'm a voracious reader what is the title? Might be nice to break up my repertoire with some 'fiction'....hopefully not to look back on it and say it was prophetic.
Click to expand...

This guy I believe is prophetic, in my opinion.
He is a Christian writer so if you don't ascribe to biblical principles, fair warning.

Mark Goodwin
Current read:
American Reset, it's a 3 book series.
Also very good, and different scenarios:
Days of Noah
Days of Elijah
Seven Cows, Ugly and Gaunt
Cyber Armegeddon
There are heavy biblical references in these books.
 
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#18
armorpl8chikn said:
This guy I believe is prophetic, in my opinion.
He is a Christian writer so if you don't ascribe to biblical principles, fair warning.

Mark Goodwin
Current read:
American Reset, it's a 3 book series.
Also very good, and different scenarios:
Days of Noah
Days of Elijah
Seven Cows, Ugly and Gaunt
Cyber Armegeddon
There are heavy biblical references in these books.
Click to expand...
Absolutely I do, although I fail daily at being a good witness.....man I have to watch my swearing when my political engine gets revved up. Deep breath. In.....out. On this going to order up thanks for the heads u p
 
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#21
8pointer said:
Absolutely I do, although I fail daily at being a good witness.....man I have to watch my swearing when my political engine gets revved up. Deep breath. In.....out.
Click to expand...

That's an easy fix
Just remember instead of vain swearing at/about things/people you hate, stop and take the time to properly curse them in the name of God

Once you get used to it, you'll be all good.
 
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#22
that's funny banks always could steal your money not a new story another reason people stopped trusting banks after the great depression . at least in the 80's some offered 5.4% interest on your money now it's fees for everything and they only give .04% that's a really sucky deal oh 2.3 at ally that's nice
 
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#23
Pretty much Wall street and the banks with the government's help declared war on people with savings.
Pretty much a negative return on your savings when you calculate the average rate of inflation & how much they get just parking your money somewhere.
 
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#24
Dippy said:
This all makes me wonder on how little money it would take to actually survive on. I’m not talking about living in a damn commune and all that BS. I mean if you did the best you could to stay debt free. Cut the BS stuff out of your life that you don’t need and keep your money out of the banks. Not like your making a ton on savings anyways. Hell you be better off buying junk and selling it at a flea market vs the money you make in savings.
Click to expand...

Taxes on what you own and mandatory private services are the really big drains on money.

I could live on very little if I had to, but property taxes are about as much as a mortgage payment.
Then you have to have some car insurance and such.

Food prices for healthy food keep going up, so if you could grow your own or at least a good part of it, it would help a lot.

Property taxes are where they will take everything you own if you get poor, when you could probably figure out a way to make it work without that boot on your neck.
 
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#25
Dippy said:
This all makes me wonder on how little money it would take to actually survive on. I’m not talking about living in a damn commune and all that BS. I mean if you did the best you could to stay debt free. Cut the BS stuff out of your life that you don’t need and keep your money out of the banks. Not like your making a ton on savings anyways. Hell you be better off buying junk and selling it at a flea market vs the money you make in savings.
Click to expand...
I don't begrudge anyone trying to keep their debt service low even in the best of times....good on you. Doesn't matter what you make if you don't keep any of it! Having said that unless you want to live like a chump you'd be shocked at what it costs just to stay upright and if your cash is sitting in a vault you are getting steamrolled by inflation. I mean if you don't want to own any land/home, car heck you could get by on very little.....this is where the people who had their non ACA compliant plans cancelled and rebought at insane prices to give others cheap insurance should get a thank you. ;)
 
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#27
Dippy said:
What I mean is if you don’t have a lot of expenses you don’t need to worry about working your ass off and making as much money as possible. You can put that time towards working your land and livestock and put food up, the real money.

I often realize just how much more work I could get done if I wasn’t tied up at work...


I understand about inflation but what if you invested your money in buying and selling actual goods as an investment. Like guns as an example lol
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The simple answer I adhere to is own everything I need and don't be an indentured slave to a bank. We all know people who 'look' wealthy, but are one interest rate fiasco from the poor house b/c they carry nothing but leverage in their wallet: don't be that guy! If you have not done it(I do it quarterly) here is an interesting exercise you may want to consider. Get a legal pad and put a line down the middle. One one side put 'wants' and the other 'needs'. It's powerful when you write it down and it's staring you in the face and will likely lead to finding some things that can go away. Sounds like you already know this lesson well anyway: delayed gratification is practiced by very few in this day and age. Some will say 'have some fun tightwad you might die tomorrow'. Answer 'the problem is what if you don't'. I took that from a friend of mine who worked at Oppy and it stuck with me for life! We all have to find a balance of saving/spending we can live with. Just made sense to me that if I gave myself options rather than staring down the barrel of the proverbial gun(the bank) it wasn't going to be a bad thing.
 
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