The G20
consists of a group of central banks and finance ministers of 19 countries plus
the European Union. The G20 decreed (and presumably instituted government
regulations to back them up) that their banks have clear title to
depositors’ funds. As soon as funds are deposited they become the banks’
money and the depositors become unsecured creditors holding IOUs or promises to
pay.
Money
that you deposit in a bank belongs to the bank, not to you. They control it; you
don’t.
That
alone is sufficient reason to withdraw—while you can—your money (their money)
from banks.
If you
have a stock market account with a brokerage firm such as Morgan Stanley, take
notice of your statements where cash, dividends, and interest from your
investments are credited to a money market fund or a bank deposit. Once again,
it becomes their money, not yours.
In the
Cypriot financial crisis of 2012–2013, the European Commission and the
International Monetary Fund effectively took charge; closed the country’s second
largest bank, and imposed a one-time levy on deposits, “possibly around 40% of
uninsured deposits” in the island’s largest commercial bank, the Bank of Cyprus.
The depositors lost out.
Germany
is (was?) the second largest holder of gold, of which 1,536 metric tons—nearly
half of their reserve—is stored on the fifth subfloor of the Federal Reserve
Bank of New York on Liberty Street, 80 feet below street level, on the bedrock
of Manhattan Island. In 2007 when Bundesbank staff members requested to see
their gold, they were denied access and limited to the anti-room of the reserve.
In May of 2011, they were granted permission to see only one of nine
compartments holding their gold bars.
In January 2013, the
Bundesbank, Germany's central bank, announced it plans to move to Frankfurt half
of its gold that is stored in New York. It is reported that they were denied
shipment until 2020. At any rate, to date the Bundesbank received shipments of a mere 37
tons, just over
5% of their 700 tons expectations. Even if they were unable to withdraw the full
amount in one transaction, that is still well below the 87.5 tons that the
Bundesbank would have received if it were to collect the 700 tons on an annual
installment basis in the 8 year interval between 2013 and
2020.
This January 2014, HSBC—the Hongkong and Shanghai Banking Corporation—one of the world’s largest banking firms with 6,600 offices in 80
countries, questioned depositors wishing to withdraw funds from their account on
how they intended to spend the money, and limited withdrawals to £3,000
($4,922).
The
JP Morgan Chase Bank is banning wire transfers to foreign banks to prevent the
risk of capital flight as America wakes up to the desperate situation that the
banks are in. The bank is also prohibiting cash withdrawals of $50,000 or
more.
Do you
see where this is leading to?
So,
what do you do with the funds withdrawn from the bank? Stuff it into your
mattress or bury it in a coffee can in your back yard as they did in the great
depression of the early 1930s?
Cash,
whether kept it in a cookie jar or burried it in the back yard, loses its
purchasing power through inflation. And when hyperinflation hits, cash loses its
value alarmingly.
Ever
since “quantitative easing” was introduced following the bank crisis of 2008,
the Federal Reserve has been printing $85 billion each month. That amounts to
more than a trillion dollars per year. The more dollars printed, the less
valuable the dollar becomes. Look what happened to Germany in the early 1920s
when they kept printing money to pay their debts.
Considering the vast amount of money that the Federal Reserve has
printed and continues to print, we should be seeing the beginning effects of
hyperinflation by now. The reason we haven’t as yet is because the banks are
hoarding it. When in due time this money is dumped into circulation,
hyperinflation will ensue, and the value of the cash you are holding will drop
precipitously.
An economic crisis is being engineered. It is inevitable. At some
point in time, the unseen hands of the people who control everything, the same
people who are engineering the crisis, will introduce a global currency to
replace the dollar and currencies of other nations. They even have a name for
this new currency. They call it the
“Bancor”.
Chaos will spread throughout the globe. It will be deliberately
induced.
Their slogan will ring true: “Ordo ab chao” Order out of
chaos.
It will be their order; their new world
order.
That is the game plan.
Russell Stepanchak
February 10, 2014
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