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January 22, 2015
"Protect Your Money While You Can" - Plans To Confiscate Your Money "Already Set In Motion"
By Susan Duclos
When banks in Cyprus, Greece, closed without warning for a "bank Holiday, cutting depositors off from their own money, shutting down their ability to withdraw funds while government officials negotiated a bail out with the Eurozone, which included directly confiscating depositor funds before reopening their banks, many in the US declared "it could never happen here in America."
They were and are wrong as we have heard by multiple experts in the recent past and are hearing again in the first video below as James Anderson explains that these "bank bail-ins" have "already been set in motion."
Key quotes from the Anderson video when explaining the ramifications of paper currency crashing include it's "time to be your own bank" and protect your money while you still can," as he explains clearly why we are about to enter a phase where we go back to "constitutional money," meaning gold, silver and precious metals.
Financial expert Ellen Brown, on December 1, 2014, among others since the G20 leaders met in Brsibane, warned clearly about what really happened at that meeting:
On the weekend of November 16th, the G20 leaders whisked into Brisbane, posed for their photo ops, approved some proposals, made a show of roundly disapproving of Russian President Vladimir Putin, and whisked out again. It was all so fast, they may not have known what they were endorsing when they rubber-stamped the Financial Stability Board’s “Adequacy of Loss-Absorbing Capacity of Global Systemically Important Banks in Resolution,” which completely changes the rules of banking.
Russell Napier, writing in ZeroHedge, called it “the day money died.” In any case, it may have been the day deposits died as money. Unlike coins and paper bills, which cannot be written down or given a “haircut,” says Napier, deposits are now “just part of commercial banks’ capital structure.” That means they can be “bailed in” or confiscated to save the megabanks from derivative bets gone wrong.
Rather than reining in the massive and risky derivatives casino, the new rules prioritize the payment of banks’ derivatives obligations to each other, ahead of everyone else. That includes not only depositors, public and private, but the pension funds that are the target market for the latest bail-in play, called “bail-inable” bonds.
This is explained in more detail in the first video below. In the second video interview, we hear exactly why the Swiss bombshell announcement to remove the Swiss Franc's peg to the Euro has been the bang heard around the world and considered a "game changer." We also are informed why it is so important to understanding how big of a hit this has been to the central bankers and another nail in the coffin for paper currency.
