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OUT OF MIND » THE INSANITY OF REALITY » GLOBAL FINANCIAL COLLAPSE » More Bloggers Sounding The Alarms: Withdraw Your Assets From Your Bank

More Bloggers Sounding The Alarms: Withdraw Your Assets From Your Bank

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PurpleSkyz

PurpleSkyz
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More Bloggers Sounding The Alarms: Withdraw Your Assets From Your Bank
Posted on May 30, 2014 by RonMamita — Leave a comment
As readers to this Blog are already aware of the great risks in keeping your savings in the bank or credit union.
We have been reporting the folly in false beliefs that bank deposits are safely insured and protected with evidence that everything is rigged.
The trend is to withdraw saving deposits and your support in the corrupt global system. The upper class are having their wealth stolen too.
Aware adults will consider only keeping budgeted living expenses in the banks and credit unions, savings would be moved elsewhere…
Below is an excellent report from Dave; please research and share.
Be Aware, be prepared, and be creative. ~Ron
More Bloggers Sounding The Alarms: Withdraw Your Assets From Your Bank Bank-holiday
Unless You Want to Go to Prison, Read This Before Taking Money Out of Your Bank
28 May 2014 thecommonsenseshow.com
George Soros won’t go to prison for taking his money out of the bank, but you could, if you are not very careful.
In response to yesterday’s article which detailed how it is a good idea to monitor George Soros’ money movements, because they are predictive of future economic collapses as they have been so many times before. We should all be more a little more than nervous when Soros, in the first quarter of 2014, removed his money from three megabanks.
“Rick” wrote to me following the publication of yesterday’s article with some very pointed concerns and questions. Here is his response:
“Ok, the idea of removing your money from the bank for me is a joke! I have a substantial amount in 3 different accounts. It’s VERY difficult to remove more than $8,000 or $9,000 at a time without extreme scrutiny from the IRS and the DEA. Plus, the banks will tell you that frequently they don’t have enough on hand to give you even $8,000. If you close your account, guess what? They give you a check, NOT cash! So you have to go to another bank WITH A CHECK once more!
So, how does one remove their money from the bank without causing  major transaction reports to be filed with the government about your banking activities????
Dave, thus, please give us tips on how to remove substantial amounts of cash without incurring the wrath of the government, and how to take out large amounts of cash to begin with, as the banks discourage taking out more than $1,000 to $3,000 dollars in any given transaction.”
 
At first glance, Rick appears to be correct. The odds are stacked against all average depositors. With all that is available to read on this topic, it is mind boggling regarding how few people are preparing to act to preserve what assets they have remaining by not removing their money from the bank. Because you have put your money in the bank, you no longer own your money.
The courts have ruled that once you deposit your money in the bank, the bank owns your money. You virtually are paid no interest for the hard earned money that you place in the bank. And if inflation is only at a modest 5% rate, your hundred thousand dollars is worth only $95,000 after one year. In a decade, your real buying power is reduced by about 50%. And where did the other 50% go? Because of fractional reserve banking, the biggest money scam in history, the banks can take $10,000 and turn it into at least $90,000 by doing absolutely nothing but adding some zeroes after your name, on a computer scree, and then loaning out the money, at interest, while you are paid a minuscule interest rate. This practice adds to the inflation rate and further erodes your savings.
All of the above, dictates that we should all take our money out of the bank. Why do I risk starting a run on my former and biggest holder of my money, Bank of America, by withdrawing my money and presuming that many fellow depositors will read this and rush to withdraw their money too? The very biggest reason to is because they pay me near zero interest. Also, even if there is an infinitesimal chance Bank of America will not repay me in full, whenever I ask, switches the cost-benefit conclusion from stay to flee.
The biggest reason to take your money out of the bank is because it has absolutely no protection. The FDIC has only about $25 billion in its deposit insurance fund, which is mandated by law to keep a balance equivalent to only 1.15% of insured deposits. If a banking collapse were to be on the near horizon, the banksters are not going to notify you because they would not want to incite a bank run. With only 1.15% of all deposits being insured by the FDIC, your money would be left vulnerable and only the elite would be warned as they quietly transfer their money to a safer haven. How do I know this? Because this is exactly what my research discovered on the money movements preceding the Gulf oil spill, as it was revealed that on the morning of the explosion, Goldman Sachs issued a “put option for preferred insiders” in Transocean (the owner of the Deep Water Horizon oil rig) and the elite had their stock profit margin guaranteed while everyone else took a financial bath! This is the undeniable pattern of the global elite.
Additionally, your bank account has been collateralized against the derivatives debt.
The bankruptcy reform laws stemming from the Bankruptcy Reform Act of 2005, derivatives counter-parties are given preference over all other creditors and customers of the bankrupt financial institution, including FDIC insured depositors. This gives what the experts call “super priority” in terms of the line of succession from which to collect bankruptcy monies. Bank of America has conspicuously co-mingled their derivatives debt with your savings account and as such they have every legal right use your money to cover their debt. Oh, they would never do that you say?  I have bad news for the uninformed, they already have done that very thing. In the MF Global debacle, the reason that MF Global  customers lost their segregated account funds was because the MF Global debt load was caused primarily because of their derivatives debt which, under bankruptcy laws, gave derivatives claimants super-priority in the bankruptcy proceedings. In short, you do not matter.
Times Have Changed
Taking what was your money out of the bank is no longer a matter of walking up to your friendly teller with a withdrawal slip and the teller cheerfully honors your request and you calmly exit the bank with your money in tow. In fact, your teller is trained to look for certain indicators in any cash withdrawal of any significance.
As you move to withdraw the bulk of your money, there are three federal banking laws that you should be cognizant of, namely, Cash Transaction Report (CTR), a Suspicious Activity Report (SAR) and structuring. Before proceeding with the planed withdrawal of your money, I would strongly suggest that you read the following federal guidelines as it relates to CTR’s as produced by the The Financial Crimes Enforcement Network (FinCEN). All the federal regulations contained in this article are elucidated in this series of federal reports.
Before withdrawing your money, there are three regulations to be concerned with.
READ MORE: thecommonsenseshow.com
RELATED:
http://ronmamita.wordpress.com/2014/05/07/how-the-financial-system-is-being-destroyed/
http://ronmamita.wordpress.com/2014/03/02/warning-your-savings-are-not-safe-in-the-bank/
http://ronmamita.wordpress.com/2014/01/28/cash-deposited-in-the-bank-is-no-longer-yours/
http://ronmamita.wordpress.com/2014/01/30/why-the-collapse-of-the-u-s-dollar-is-certain/
http://ronmamita.wordpress.com/2013/12/08/permanent-boycotts-not-for-a-week-not-for-a-month-for-however-long-it-takes/
http://ronmamita.wordpress.com/2013/11/21/the-upper-class-are-having-their-wealth-stolen-too/
http://ronmamita.wordpress.com/2013/04/16/human-toil-required-to-service-the-money-masters/
http://ronmamita.wordpress.com/2013/03/29/what-if-i-still-want-to-invest-my-wealth/
http://ronmamita.wordpress.com/2013/04/15/look-at-the-controlled-global-financial-system/
http://ronmamita.wordpress.com/2014/02/15/brief-legal-financial-probes-ripples/
http://ronmamita.wordpress.com/2013/08/28/new-trend-droves-of-people-have-exited-the-central-bankers-rigged-markets/
http://ronmamita.wordpress.com/2013/08/06/we-report-on-the-parasites/
http://ronmamita.wordpress.com/2013/05/21/no-bank-deposits-will-be-spared-from-confiscation/
http://ronmamita.wordpress.com/2013/04/14/g20s-new-financial-rules-banks-own-depositors-funds/
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