Why The Money in You’re Bank Account is Not As Safe as You May Think

from The Daily Bell:

Banks are supposed to be the epitome of secure. You can put your money in their vaults, and forget about it. Don’t worry everything will be fine. And even if the bank goes under, the federal government insures deposits of up to $250,000.

But that won’t help if the government is the thief. The United States government can freeze your bank accounts for basically no reason, without due process. Then it is up to you to prove your innocence.

One reason might be that you have a name similar to an alleged terrorist on the list maintained by the U.S. government. The list is comprised of people suspected of involvement in financing terrorism but has remarkably little identifying information, sometimes only a name.

So if you happen to have the same name, or something close, the systems banks use will sometimes put up a false positive. Then you will have to prove your innocence to have your confiscated property returned.

It is not entirely the bank’s fault either, they are just trying to cover themselves from hefty government fines if they allow someone on the list to do business with their institution.

Others recently caught up in bank freezes included reporters for the Russian news company RT living in the United Kingdom (because only western propaganda is allowed to infect citizens’ minds). A Putin aide and other Russian state personnel also recently had their accounts frozen in the United States.

But it isn’t just foreigners and those with middle-eastern sounding names who are at risk.

If you owe the IRS money, or if they say you owe them money, boom, they can freeze your account.

Banks can also simply freeze your accounts on their own accord if they suspect you of doing something illegal or structuring deposits to avoid their reporting requirements to big brother; again, they are usually trying to cover their own behind lest the government blames them.

Read More @ TheDailyBell.com