No Bank Deposits Will Be Spared from Confiscation (percentage, interest, money)
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I we have three examples of how a collase by bnaers or even the econmoy play to this. The great despessio where governamtn moved to prevent bank runs. The recent near collpase of out bankig system i this recessio where FED moved to rpotect it. The Cyr prus bank situation where it was propoased to take insured moneies which ws quackly abandoned. In fact a collpase of those takig the money would have been more insured if it has gone thru not to sppeak of the actions i othere econmies. if that happen your monies under the matress would be oly nice printed paper in the end.We alos see the3 effect of mixing money of banks with moenies of depositors i use in leag actions aga inst those who did it.Madoff is a prime example as are otehr facig such chnarges of not sperating institutional bank funds from depositor fund in now its invested.the Op artc cileis more a blog as stated by someone not a lawyer as is obvious by hios first stements on sayign ask a lawyer or police officer.
No, because those "money" have no actual value. By a whim of a person in power, they can be turned into paper that does not even burn well. I know, I have been through about 3-4 of those situations.
Nothing has any real value, outside of land you can farm, but that can be taken away from you also. Been there too. This si why wise men say, that nothing of the world has any value or is of any importance. Indeed.
so wait... what you're telling me, is that when I opened an account up at a bank and I agreed to their terms but didn't actually read of it, this is what I'm subject to!?! OH THE HORROR!!!
or maybe it's in plain english that your money, up to 250k is back in full faith by the us government. So if there is a bank run, or bank collapse, or anything like that, if you have 250k or less money in the bank, you will not lose a penny of it. Those that have more, will lose what they have, greater than 250k. That's written in plain english.
Also, for those that don't know what a bank actually does with their money, should read up a little bit. The thought that it is common knowledge that banks actually only have a cash reserve of something like 9% of total deposits is, I guess not common knowledge even though it's been in the media like crazy as of late.
The idea that you can get a percentage of interest on your money while just putting it in to the bank without them using your money to make more money is just silly. That would be the equivalent of you putting 100 dollars under your mattress and then a year later you now have 110 dollars. It just doesn't work like that.
I'm going to assume that this article is soon going to be posted on infowars if it isn't already. This article just cries spinning words and hyping the public over nothing other than a conspiracy theory.
But Ben Bernakie (sp?) said himself when questioned by Ron Paul that they could guarantee the payment, but not the value.
Cypris did not have the option (no ability to print money) that is what is happening, and will happen (inflation)
Leaving the gov't with no need to taking money directly.
The OP (Grandpa Pipes) appears to post propaganda and apocalypse articles on the regular. All from sites with, at best, questionable credibility.
None of these threads he starts should be taken seriously.
Appears? It is all he has done in Economics threads for quite some time. Better yet he doesn't discuss or show any knowledge, he just pastes stupid articles written by far fringe websites. At times the articles are entertaining purely from the "people really believe that?" perspective.
The only thing missing from most of the op's postings are the words ONCE UPON A TIME
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