Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By John Rolls (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Banks Are Dry! Bank President Admits Bankruptcy Collapse of the Money System - Must Watch Video!

% of readers think this story is Fact. Add your two cents.


MyRealEstate DOJO


***Support BeforeItsNews by trying APeX (far superior to colloidal silver) or any of our four other great health products at www.mitocopper.com ***


The ex’s have been padding their stocks for 2 years.


Guessing he works for Deutsche bank, they are going to be the first domino to fall.


Lost me at “one of the biggest largest banks in the world” Sensationalism run amok.


Bank failures are eminent. Wells fargo investment bank in sf building anti protestor walls around offices


If this is going to come crashing down it makes me wonder what are they waiting for? Maybe a eventual slow turn around or just getting their own houses in order before they let the bottom fall out. I’m looking forward to what specials are going to be offered online around Black Friday for silver Bullion in particular.


An earthquake comes upon Satan’s system, and is described in Hebrews 12: 26-29. This is different from what you might believe; this occurs when Christ’s authority displaces that of the political system; so the shattering impact destroys everything, except those things associated with God’s Kingdom. There is the ‘removal of the things that are shaken, things that have been made, in order that the things not shaken may remain.’ Hebrews 12: 27. “Wherefore, seeing that we are to receive a Kingdom that cannot be shaken, let us continue to receive undeserved kindness, through which we may acceptably offer God sacred service with godly fear and awe. For our God is a consuming fire.” This Kingdom Daniel 2: 44 arrives upon the earth when the present system undergoes cataclysmic failure; due to wars Jeremiah 25: 24-25 wrath Revelation 11: 15, 18 and financial meltdown Psalms 46: 4-6 Revelation 18: 17 Ezekiel 7: 19; and is OVER Romans 9: 28.


The ship is listing. Bankers and children first.


Nobody in my local Community Bank has even heard of the repo Market. They had no idea what goes on with these big Banks after hours.


$120,000,000,000 × 60 days = my calculator broke. $7,200,000,000,000 is the number – oh, my.


https://www.bloomberg.com/news/articles/2019-11-25/china-plans-record-sale-of-dollar-bonds-with-possible-6-billion


Tiffany’s Tightrope Motherhood Is A Balancing Act


***Support BeforeItsNews by trying APeX (far superior to colloidal silver) or any of our four other great health products at www.mitocopper.com ***



Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover -  Reduces Smart Meter radiation by 96%! (See Video).

Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Total 1 comment
    • Anonymous

      If you hold your money in the bank, and the bank fails, other derivative owners are paid first before depositors until the money runs out:

      # RUSSELL NAPIER DECLARES NOVEMBER 16, 2014 THE DAY MONEY DIES – 11/13/2014
      https://www.zerohedge.com/news/2014-11-12/russell-napier-declares-november-16-2014-day-money-dies
      On Sunday in Brisbane the G20 will announce that bank deposits are just part of commercial banks’ capital structure, and also that they are far from the most senior portion of that structure. With deposits then subjected to a decline in nominal value following a bank failure, it is self-evident that a bank deposit is no longer money in the way a banknote is. If a banknote cannot be subjected to a decline in nominal value, we need to ask whether banknotes can act as a superior store of value than bank deposits? If that is the case, will some investors prefer banknotes to bank deposits as a form of savings? Such a change in preference is known as a “bank run.”
      Each country will introduce its own legislation to effect the ‘ bail-in’ agreed by the G20 this coming weekend. The consultation document from the UK’s Treasury lists the following bank creditors who will rank ABOVE depositors in a ‘failing’ financial institution:

      # IS YOUR MONEY SAFE IN A ‘TOO BIG TO FAIL’ BANK? – May 7, 2013
      https://www.usnews.com/opinion/blogs/economic-intelligence/2013/05/07/is-your-money-safe-in-a-too-big-to-fail-bank
      Dodd-Frank rules won’t protect ordinary depositors when the next bank crisis hits.
      One of the sharpest critics is Ellen Brown of the Public Banking Institute… The changes imposed by Dodd-Frank may protect taxpayers from funding the next bailout, but if the taxpayer doesn’t foot the bill, and if Washington feels it’s too dangerous to let a major bank fail, who pays? Shareholders and bondholders will take the first hit, as they should: Dodd-Frank allows the government to forcibly convert bonds to common stock, wiping out the bank’s obligation to pay back the bondholders.
      So who’s next in line to pay?
      According to Brown, the depositors are next in line to get wiped out, and they’ll get tapped before another government-funded bailout is approved by Congress. Brown argues that depositing your money in a bank is essentially the same as lending money to the bank (as if, say, you bought one of the bank’s bonds instead of opening a checking account).
      Intuitively you may think that when you deposit your money in a bank, it’s yours, and the bank has to give it back on demand – but that’s not completely true. It’s legally the bank’s money now, says Brown. The bank only has to give it back to the extent that it has money left to give after settling up with parties who have a higher priority than the depositors.
      It turns out that the counterparties in a bank’s derivatives trades actually have higher priority in getting paid back than ordinary depositors. That’s right: The very same folks who are engaging in the speculative trades that are likely to bring down the bank are also the ones who will step to the front of the line to get paid off if the bank does fail. (Technically, the reason they have this priority is that under the Bankruptcy Reform Act of 2005, derivatives counterparties are given preference over all other creditors and customers.)

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.