OUT OF MIND
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Latest topics
» Dave Schmidt (Meta 1 Coin Scam) Final Judgement Pending
It’s Official: The Worldwide Bail-ins Are Coming EmptyToday at 1:43 am by RamblerNash

» Thrive Movement - Nassim Haramein - Evolution of Humanity
It’s Official: The Worldwide Bail-ins Are Coming EmptyYesterday at 8:12 pm by PurpleSkyz

» Near collision with UFO captured on camera by airline passenger
It’s Official: The Worldwide Bail-ins Are Coming EmptyYesterday at 3:38 pm by PurpleSkyz

» Texas Attorney General Vows To Fight Biden’s Imminent ‘Illegal & Unconstitutional’ Actions
It’s Official: The Worldwide Bail-ins Are Coming EmptyYesterday at 3:28 pm by PurpleSkyz

» GOP Lawmaker Marjorie Taylor Greene Introduces Articles of Impeachment on Fraudulent President Joe Biden
It’s Official: The Worldwide Bail-ins Are Coming EmptyYesterday at 3:26 pm by PurpleSkyz

» Biden’s ‘Unity’… By War?
It’s Official: The Worldwide Bail-ins Are Coming EmptyYesterday at 3:24 pm by PurpleSkyz

» Trump slammed for failing to pardon Assange, Snowden and freeing War Criminals
It’s Official: The Worldwide Bail-ins Are Coming EmptyYesterday at 3:22 pm by PurpleSkyz

» Vatican bank's former chief found guilty of money laundering, sentenced to nearly 9 years in prison
It’s Official: The Worldwide Bail-ins Are Coming EmptyYesterday at 3:20 pm by PurpleSkyz

» CDC Stops Reporting on Experimental COVID mRNA Injection Side Effects
It’s Official: The Worldwide Bail-ins Are Coming EmptyYesterday at 3:17 pm by PurpleSkyz

» Halfway Through this Winter of Covid, Overall Mortality is Around Normal for this Time of Year. Something Doesn’t Add Up
It’s Official: The Worldwide Bail-ins Are Coming EmptyYesterday at 3:15 pm by PurpleSkyz

» No flight from the physical world
It’s Official: The Worldwide Bail-ins Are Coming EmptyYesterday at 1:28 pm by Consciousness Of Economic

» That Which Remains Unconscious will Come to us as Fate
It’s Official: The Worldwide Bail-ins Are Coming EmptyYesterday at 1:27 pm by Consciousness Of Economic

» Carrying Stones & Digging Holes January 17, 2020
It’s Official: The Worldwide Bail-ins Are Coming EmptyYesterday at 1:26 pm by Consciousness Of Economic

» Yogis and the Energy Body
It’s Official: The Worldwide Bail-ins Are Coming EmptyYesterday at 1:24 pm by Consciousness Of Economic

» Carrying Stones & Digging Holes to Cultivate Consciousness January 16, 2020
It’s Official: The Worldwide Bail-ins Are Coming EmptyYesterday at 1:23 pm by Consciousness Of Economic

» Flat Earth Sky Grid Captured on Film
It’s Official: The Worldwide Bail-ins Are Coming EmptyYesterday at 1:21 pm by Consciousness Of Economic

» TRUMP ODE TO THE CORPORATION!
It’s Official: The Worldwide Bail-ins Are Coming EmptyYesterday at 1:20 pm by Consciousness Of Economic

» Lay-lines, Meridians, Energy Grid, Earth Acupuncture and Ceremonies
It’s Official: The Worldwide Bail-ins Are Coming EmptyYesterday at 1:17 pm by Consciousness Of Economic

» In 1917 Rudolf Steiner Foresaw a Vaccine that Would ‘Drive All Inclination Toward Spirituality Out of People’s Souls’
It’s Official: The Worldwide Bail-ins Are Coming EmptyYesterday at 1:15 pm by Consciousness Of Economic

» Ten Days Tribulation 2/01-2/10?-See Notes!!
It’s Official: The Worldwide Bail-ins Are Coming EmptyYesterday at 1:13 pm by Consciousness Of Economic

» Easier said than done
It’s Official: The Worldwide Bail-ins Are Coming EmptyYesterday at 1:12 pm by Consciousness Of Economic

» СТРАШНАЯ ТАЙНА ЗАБРОШЕННОГО ДОМА РАСКРЫТА REAL HORROR IN AN ABANDONED HOUSE scary videos
It’s Official: The Worldwide Bail-ins Are Coming EmptyYesterday at 1:11 pm by Consciousness Of Economic

» PANOPTICON SOCIETY
It’s Official: The Worldwide Bail-ins Are Coming EmptyYesterday at 1:10 pm by Consciousness Of Economic

» Fireplace- devices -Great link from a commenter on Mudfloods last vlog.
It’s Official: The Worldwide Bail-ins Are Coming EmptyYesterday at 1:08 pm by Consciousness Of Economic

» Shocker!! Plasma! & Human Bone Batteries!!
It’s Official: The Worldwide Bail-ins Are Coming EmptyYesterday at 1:07 pm by Consciousness Of Economic

» 1-21-21 What in the WORLD IS GOING ON?!!!!
It’s Official: The Worldwide Bail-ins Are Coming EmptyYesterday at 1:06 pm by Consciousness Of Economic

» Bigelow offers $1M for proof of life after death
It’s Official: The Worldwide Bail-ins Are Coming EmptyYesterday at 10:36 am by PurpleSkyz

» CERN’s Research into Existence of Antigravity
It’s Official: The Worldwide Bail-ins Are Coming EmptyYesterday at 10:30 am by PurpleSkyz

» Massive Sinkhole The Size of 40 Olympic Pools Swallows Lorries and Buildings In Malaysia
It’s Official: The Worldwide Bail-ins Are Coming EmptyYesterday at 10:21 am by PurpleSkyz

» Sacha Stone - Guru's & False Prophets: Soul Frequencies Revealed
It’s Official: The Worldwide Bail-ins Are Coming EmptyYesterday at 10:18 am by PurpleSkyz

» CDC Removes Claim ‘Vaccines Do Not Cause Autism’ From Its Website
It’s Official: The Worldwide Bail-ins Are Coming EmptyYesterday at 10:08 am by PurpleSkyz

» 11,000 Pages of Evidence Filed in Landmark 5G Case Against the FCC, Hearing Set for Jan. 25
It’s Official: The Worldwide Bail-ins Are Coming EmptyYesterday at 10:05 am by PurpleSkyz

» FEEL THE BERN - Meme Flood :)
It’s Official: The Worldwide Bail-ins Are Coming EmptyThu Jan 21, 2021 11:30 pm by PurpleSkyz





***********

CLICK THE SUBSCRIBE BUTTON BELOW TO RECEIVE OUR DAILY NEWSLETTER

A 2ND EMAIL COMPLETES THE ACTIVATION PROCESS




CLICK THE PURPLE BUTTON TO VIEW OUR LATEST POSTS







You are not connected. Please login or register

OUT OF MIND » THE INSANITY OF REALITY » GLOBAL FINANCIAL COLLAPSE » It’s Official: The Worldwide Bail-ins Are Coming

It’s Official: The Worldwide Bail-ins Are Coming

Go down  Message [Page 1 of 1]

PurpleSkyz

PurpleSkyz
Admin
It’s Official: The Worldwide Bail-ins Are Coming


  • Banksters
  • Economic Manipulations
  • Preparedness

by Zen Gardner - Jan 15, 2015
1 5

It’s Official: The Worldwide Bail-ins Are Coming BankerChess





From Mark Nestmann, Nestmann.com
In case you missed the announcement, Cyprus-style bail-ins are coming to a bank near you.
On November 16, leaders of the G20 Group of Nations – the 20 largest economies – made an important decision. The world’s megabanks now have official permission to pledge depositor accounts as collateral to make leveraged derivative bets. And if they lose a bet, the counterparty to the contract has first dibs on your money.
The governments of these 20 countries are now supposed to put these arrangements into law. Most, including the US, have already done so.
You could be forgiven for not paying much attention to the G20 meeting, because it was mostly “more of the same” – the latest plan to have central banks inject trillions more dollars into the global economy.
But the G20 also endorsed a proposal with a mind-numbingly tedious title: Adequacy of Loss-Absorbing Capacity of Global Systemically Important Banks in Resolution. Not exactly a page-turner. Your average American is more likely to watch Chicago Fire than to delve into the minutiae of the global financial system.
But this proposal profoundly changes the rules for banking globally, and not in a good way. Deposits in banks that are “too big to fail” will be “promptly recapitalized” with their “unsecured debt.” This avoids those nasty taxpayer-funded bailouts that proved so politically unpopular during the 2008-2009 financial crisis.
And the largest chunk of unsecured debt is your bank deposits. Insolvent banks will recapitalize themselves by converting your deposits – checking accounts, but also money market accounts and CDs – into stock.
Thus, when you deposit money in a bank, you’re taking the same risk as someone buying a stock. Or, for that matter, betting on a horse named “Falling Star” at the local racetrack. Because, in effect, that’s what banks are doing with your money.
The G20 has also officially declared that derivatives – the toxic contracts Warren Buffett calls “financial weapons of mass destruction” – are secured debts. Since your bank deposits are now only unsecured debt that the bank has pledged to a secured creditor, guess who gets your money if the bet goes the wrong way for the bank? Answer: It’s not you.
Heads, the bank wins. Tails, you lose.
Fortunately, “insured deposits” won’t be subject to this treatment. In the US, 100% of deposits in insured banks are protected up to $250,000 per depositor, courtesy of federal deposit insurance. But it’s hardly reassuring that this fund has a reserve ratio under 1%. For every $100 on deposit, the FDIC has less than one dollar to back it with.
This is still a lot of money – $54 billion at the end of September. But it’s dwarfed by $6 trillion in insured deposits, not to mention derivatives contracts with a total value of nearly $300 trillion. Indeed, the failure of just a single major Wall Street bank could exhaust the fund.
Federal law authorizes borrowing from the US Treasury to make up the shortfall, but when a banking crisis hits, it’s not likely to occur in a vacuum, as I described in this essay. Lots of other people will be demanding a handout, many of them with stronger political connections than you or I could ever hope to muster.
How bad could it get? Well, under the scenario the G20 just blessed, uninsured bank depositors would be even worse off than account-holders in the government-owned banks in Cyprus that became insolvent in 2013. Their claims were considered superior to those of derivative counterparties. Some uninsured depositors got almost half of their money back (although at one government-owned bank, they got nothing).
A more apt example would be Lehman Brothers. When it declared bankruptcy in 2008, unsecured creditors got about 21 cents on the dollar.
You might be wondering why the G20 made this decision. The obvious incentive is to avoid politically unpopular bailouts of megabanks that are “too big to fail.”
But there’s a less obvious reason as well. The G20 hopes that you’ll invest in government bonds backed by the “full faith and credit” of its member governments. That will have the effect of keeping down interest rates on the alarmingly high debt carried by almost every G20 member.
How can you protect yourself?
The most important precaution is to minimize your exposure to the banking system. Keep bank deposits well below the deposit insurance maximums. Accumulate physical currency, precious metals, and other “real assets.”
Diversifying your investments internationally also makes sense, but because bail-ins have now gone global, it’s no longer as simple as just opening an account outside the US or whatever other country you live in. Use only strong, well-capitalized banks to hold the funds you keep in the banking system. Look for banks with as high a level of “Tier 1” liquidity as possible – 25% at the minimum. (By comparison, the minimum required in the US is only 6% to be classified as “Well-Capitalized.”) If you have at least $500,000 or so to spare, open an account with an offshore private bank that has no commercial lending or derivatives exposure.
I don’t know when the next global financial crisis will hit. But when it does, I do know who will pay for it. And it won’t be the bankers or the financial geniuses who designed the “financial weapons of mass destruction” that led to their downfall.
Get your assets out of the “too big to fail” banks – now. It’s only a matter of time before the SHTF.
+++
ZenGardner.com

Thanks to: http://www.zengardner.com



  

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum