How to Make Sure the Gov't Can’t Freeze Your Bank Account
By Justin Spittler
If you wake up tomorrow and your bank account is frozen… what will you do?
You probably remember when the financial crisis in Greece was dominating headlines a few weeks ago.
For years, Greece spent more than it took in. This led to a financial crisis that looked like it might destroy Europe’s financial system.
The Greek government closed all banks to prevent people from withdrawing all their money and crashing the banking system. Greek citizens could only withdraw €60 ($67) of their own money each day from ATMs.
European authorities eventually gave Greece a bailout… and the crisis dropped from the headlines.
But here’s something you probably haven’t heard from the mainstream media…
It’s now been two months and Greek people still can’t fully access their own cash.
Reuters reports:
Greek banks are set to keep broad cash controls in place for months, until fresh money arrives from Europe and with it a sweeping restructuring, officials believe.
“Broad cash controls” means Greek banks are essentially frozen. Greek people can withdraw only €420 ($460) per week of their own money.
More from Reuters:
The longer it takes, the more critical the banks’ condition becomes as a 420 euro ($460) weekly limit on cash withdrawals chokes the economy and borrowers’ ability to repay loans.
“The banks are in deep freeze but the economy is getting weaker,” said one official, pointing to a steady rise in loans that are not being repaid.
One Greek farmer can’t get enough cash to run his business:
It’s a nightmare. I owe many people money now – gas stations and firms that service machinery. I have to go to the bank every single day, and the money I can take out is not enough.
• Short on cash, Greek people have resorted to bartering…
Reuters goes on to say:
A rising number of Greeks in rural areas are swapping goods and services in cashless transactions since the government shut down banks on June 28 for three weeks, restricted cash withdrawals and banned transfers abroad to halt a run on deposits and prevent a collapse of the banks.
“Bartering” means exchanging goods and services without using money. It’s how humans did business thousands of years ago.
Reuters reports how the Greek farmer is trying to survive the crisis:
Squeezed on all sides, the 41-year-old farmer began informal bartering to get around the cash crunch. He now pays some of his workers in kind with his clover crop and exchanges equipment with other farmers instead of buying or renting machinery.
Another farmer is trading cotton and wheat for bales of hay and machine parts, Reuters says.
This is a good reminder of something we stress often: the government controls any money you have in the bank. It can decide you’re not allowed to touch your own money at any time. Or it can put severe restrictions on how much money you can take out, like the Greek government is doing right now.
We began this essay with a question: what will you do if you wake up tomorrow and your bank account is frozen?
There’s no good answer. At that point, it’s too late. You need a plan in place before the government decides you can’t touch your own money.
• This is exactly why we wrote Going Global 2015…
Going Global 2015 is our guide to surviving financial crises.
It shows you specific and easy steps for protecting yourself and your family from the next financial disaster. And we’d like to send you a free copy of this hardcover book today.
You may think the odds of such a complete financial disaster happening in the US are low. But even if that’s true, it still makes sense to prepare.
You likely pay for fire insurance. Because even though your house is unlikely to burn down… the small risk of the financial devastation it would cause you is unacceptable.
A financial crisis can cause far worse financial ruin than a house fire.
And fire insurance costs hundreds or thousands of dollars per year. We will send you a free copy of this book.
We’ve done all the legwork for you. We went to foreign countries to open bank accounts. We talked to the best lawyers. We even found the one country that has never, EVER had a bank failure… and where it’s easy for an American to open an account.
The best thing about Going Global 2015 is it includes steps you can take, right now, to protect yourself, your wealth, and your family.
Most people have a huge misunderstanding about this topic. They think you have to be rich to use these strategies.
But Going Global 2015 will show you that’s not true at all. Almost anyone can tuck a few thousand dollars away in a safe foreign bank account… just in case the US banking system blows up again and the government can’t save it this time.
That’s what’s in it for you. You might be wondering… what’s in it for us? Why give away a book that we put so much work into for free?
Well, quite simply, we believe that by trying what is essentially a free sample of some of our best and most valuable work, you might want to do business again with us in the future.
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What makes you think HSBC or Barclays will not freeze that account too when the IRS drops its reportable transaction limit to $100 and the transaction is confiscated as possible money laundering and tax evasion.
All ‘money’ will be placed on RFID chips implanted into individuals hands, in the very near future. Traditional banks will not exists as there will be no or only very small denominations of physical cash. Your chip will then be cut off or debited at will, so no need to freeze your account!
More on this agenda here……
/global-unrest/2015/10/total-enslavement-the-un-global-goals-the-elites-blueprint-for-a-united-world-2469050.html
I’m sniffing a ‘Buy Gold and Silver’ book in the works here, I have heard it too many times already and think about this, if you have people trying to bust down your front door, Are you going to throw gold and silver bars at them or hot lead?
My precious metals investments are in 9mm, 45, 40, 22. And I have a very diversified portfolio!
Investing in lead and brass – nice choice. I found a way to invest in usable steel too. See GordonRocketCompany.com A post-SHTF biz-Op too. Open-source fabrication.
It would have been nice if the “How to Make Sure the Gov’t Can’t Freeze Your Bank Account” weren’t just a come on to buy the book.
I only leave enough money in the bank to pay bills. Everything else, I keep elsewhere. That’s what most people are recommending, but maybe this book has something different. I’m satisfied with my own solution.
I leave everything in the bank and pay by debit.
If You can’t touch it, You don’t own it! ~ Steve Quayle.
Don’t keep your money in the bank….there, I answered your rhetorical question in the article’s title. Case closed.
So you are saying to buy gold and silver and put it in your house so that black lives matter people can barge in and steal it from you?
Eat More GMO
Where I live you can’t trade in silver.
There was a time in recent history people of the nations of the world felt the need to do trade among their countries using the Federal Reserve Note commonly called the U.S. Dollar. Also known as the World’s Reserve Currency.
Because the banking system of the West and the Federal Reserve have become so corrupt these same countries are using a different currency from the Federal Reserve Note today to do much of their trade between countries.
They found out they did not need the Western Banking System to financially function among themselves.
During the Great Depression people of America stopped using banks in great part after banks failed. Because they lost their wealth deposited in banks. And, many of the people who lost their wealth never used a bank again to store anything of value.
Will the people of America still feel they need the Western Banks to keep their currency or valuables stored for them if the banks in America fail again or steal the peoples wealth once more?
Is that really going to be what it takes to wake people from their sleep? Will they wake up then?
May God help us all if our financial system crashes. Cause the Devil will have then arrived to taunt many men’s lives.