The recent developments in Cyprus cannot be overlooked, minimized or ignored. It is the first time in modern history that a bank, through the protection of the government, literally stole the people’s own money out of segregated accounts to bail out the criminal banksters in order to secure a ‘guaranteed’ loan from the EU. And to enforce this wide open thievery, the government imposed a 100 euro per day limit on ATM withdrawals to stop any potential bank run. This blatant move and open thievery by the government is a very open statement concerning what the government really thinks of the people’s assets: they are ours for the taking at our bidding.
Now, many here in the U.S. have openly scoffed at the idea of our government doing the same thing. They believe that we, in the land of the free, would never have such an action taken against us, and that somehow, the economy will get back on track, and life as we have become accustomed to will continue to plod on without any pain or suffering, and without the problems of some’ third world backwards country”. Little do most Americans know, but we have the ‘grand daddy’ of debt here and put the whole Euro zone to shame concerning the sheer amount of dollars owed. It is not our turn simply because the dollar is the reserve currency of the world.
Most people have no understanding of what money is, yet even fathom where it comes from. In the current system, the Federal Reserve creates dollars out of nothing, and lends them to our government for interest payments. Since these dollars have no backing of gold or silver, an unlimited amount can be ‘manufactured’ and lent out, until the interest becomes so overwhelming, that the scheme comes crashing down, as the people no longer have the ability to pay their debts. But before it gets to this critical point, the powers that be will do to us what just happened in Cyprus; they will try to convince us that if the banks fail, the economy will hopelessly implode and all will be lost.
If people truly understood the nature of money and what it really is, the crashing of the fiat paper system would be the most beneficial event that could occur. I am not saying at all that it will be easy and not involve a lot of short term pain, but it will free those who want to produce and allow them a fair opportunity to better their lives and to pass on the fruit of their labors. We have watched the dollar lose nearly 99% of its value since the creation of the Federal Reserve 100 years ago, and we can also see through the geometric progression of the debt, that we will never pay off the obligations we have made. The current crop of politicians don’t have the guts to make the cuts necessary, and have grown accustomed to taking from the producers and giving to the consumers. The last vestage of money left for these crooks to steal is in retirement accounts, bonds, and yes, bank accounts.
If one takes the time to study and understand the banking system, they will quickly come to the conclusion that banks are the most inefficient and most usurious ‘industry’ that exists. Banks do two things only: 1) make loans and collect interest, and 2) store money safely for the people. When banks make loans, they need collateral, or deposits on hand. If there is a run on the banks, and too many deposits are withdrawn, loans cannot be made, or existing loans may have to be called in. When this happens, a crash occurs. Banks will do anything in their power to avoid this situation, including getting the heavy hand of government to enforce their access to money, even if it means directly stealing the deposits of those they are supposed to be protecting.
Given that banks have participated in bad loans, as well as playing derivative games, they have in essence passed on their bad debts to the consumers through bailouts at taxpayer expense, as well as now openly stealing assets they are entrusted with, all with the blessing and backing of the government. The two reasons for the existence of banks are now invalidated, and as such, should no longer be allowed to exist. Yet the banksters, through the government and lackey MSM, has nearly everyone convinced that the ‘too big to fail” banks will end life as we know it if allowed to fail. So those charged with watching out for the little guy are in collusion with the thieves and those responsible for our current economic conditions, and the stage is being set for these sociopathic criminals to walk scot free, and blame this mess on whatever flavor of the month opportunity comes their way.
We don’t need the modern banking system as it is today. It has lived beyond its usefulness, and for those paying attention, it is time to get your ASSETS out of them. Don’t allow yourself to be victimized by a group that salivates at the thought of getting your hard earned money through lies and deceptions. Fight back and get out of the system as much as you possibly can, and that at least will give you a better position to survive once these people finally play the hand they are waiting to do.