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Your Life Depends On Literally Taking Your Money Out Of The Bank

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Dave Hodges

October 24, 2013 

The Common Sense Show

Your life depends on whether you begin to take your assets out the banks and begin to purchase life sustaining supplies.You need to start this process, today, in accordance with the principles I laid out in a previous article.

The Death of the American Economy

There was an obscure story which ran two years ago which is receiving scant attention and yet, it is the banking story of the decade. It is the number one banking story in human history. It is the story which will destroy America’s banking accounts. It is the story that spells the beginning of the end of America’s financial empire. This is the end of the America’s financial empire and NOBODY is talking about it. What is that story? First, the prerequisite background.

Our Crushing Debt

And this will be looked at as the good ole’ days.

 

Nearly every publication estimates the derivatives debt to be in the range of one quadrillion dollars to $1.5 quadrillion dollars. Conservative estimates tell us that this derivatives debt, that has been assumed by the governments of the world, is at least 16 times the entire value of the assets of Planet Earth. This generation cannot pay off this debt. Your children, grandchildren and even great-great-great-great-great grandchildren cannot pay off this debt. If the status quo were to remain in place this debt could not be paid off in the 25th century, the 30th century, nor the 50 century. My estimates place the interest on the debt to exceed the entire value of the world’s assets and the interest is increasing far faster than the governments of the world can service the debt. Who is the debt owed to? It is owed the first movers, the owners of the central banking system. If you want an identifiable target, let’s call the debt owners of the planet the Bank of International Settlement (BIS) along with their henchmen at the World Bank, the International Monetary Fund and their minions at the United Nations. The BIS is collapsing its own banking empire in order to usher in a New World Order which will be discussed later in the article.

The world’s economy has been dealt a fatal blow from which it cannot recover. No amount of budget, belt tightening will ever change this fact. We could literally be taxed at a 100% rate and the derivatives debt and the interest on this debt will continue to increase faster than the nations can pay the debt down.

Bank of America Case In Point

In an obscure, but well reported 2011 event, Bank of America announced it was shifting derivatives in its Merrill investment-banking unit to its depository arm, which has access to the Fed discount window and is protected by the FDIC. This was announced as a news blurb in the main stream media and was prominently reported in the Daily Bail.

This was the single biggest financial event in the history of America. It was bigger than the 1929 stock market crash and it was bigger than the beginning of the bail outs in 2008, but it did not received the banner headlines that it should have received. What does this mean? It means that the Bank of America’s European derivatives are now going to be “insured” by U.S. taxpayers and its two most important financial institutions, the Federal Reserved and the FDIC. What is even more distressing is that the Bank of America did not even seek or receive regulatory approval for this action. This action was simply acted upon on behalf of frightened counterparties. Under the Federal Bankruptcy Act of 2005, the counterparties derivatives debt receive “super priority” when it comes to the disbursement of FDIC insurance payments to failed banks. Where do the rest of us stand in terms of reimbursement for a failed bank? We are in last place. In short, when your bank fails, your money is gone. 

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    Total 11 comments
    • hadenough

      It doesn’t get any clearer than that. “When your bank fails, your money gone”.

      Prepare and try to get others who are clueless to prepare as well, some will listen and some won’t. The ones that won’t listen will be coming for what you have. It will boil down to the haves and the have nots and the “have nots will want what you have”.

    • POC2014

      Its no wonder I have no bank accounts I rather stock up on goods for my family and convert US worthless dollars into hard assets that will hold their value for the long haul.

    • Neo

      Your assets are only as secure as your ability to hang on to them. There’s always someone with a bigger gun.

      • EuroTrader

        It won’t help him when he’s dead before he can pull the trigger.

      • EuroTrader

        Here’s what I did years ago.

        Cashed out of banks but for a credit union account to clear.

        I have two (2) Trading Accounts and trade futures (Crude Oil, Gold, ES, EuroFX, British Pound and Swiss Francs, mostly). I’ve been playing with house money for years now. I take my proceeds (usually 30-50% a month) out every month and re-invest part in precious metals, survival equipment and supplies, food, barter material, and bury some on my property (and elsewhere).

        If it all come crashing down tomorrow, all they get are my two Trading Accounts and whatever hasn’t been taken out of the credit union before the end of this month.

        Good Luck!
        EuroTrader

      • Neanderthal

        Poc2014, that makes 2 of us and thats a good start :)
        Its a nice poster but what is missing is that if he does not participate in this environment then he is a free person. The debt is not his. it belongs to the corporation called the Copration of the United States.
        He needs to be taught not to contract with anybody for anything that he cannot afford to pay with in cash or else he has created debt and then he is a slave.

    • Anonymous

      “…you begin to take your assets out the banks and begin to purchase life sustaining supplies. You need to start this process, today…”

      Another ploy to get people to spend? I have been hearing this Prepper stuff since 1999. I think if the source of this fad is back tracked you will find marketing people behind it all. I am not saying this articles author is one of them. I am sure he has the publics best interest at heart. I just see it in the bigger picture as a marketing strategy perpetrated by sales people behind the scenes. Prepping is a large industry now-a-days.
      About every 3rd person I talk to is into it. Like Star Wars fans, they are everywhere.

    • Anonymous

      Why don’t we all take our Money out of the Bank and invest it in Gold, Silver or Diamonds?
      It will speed up the process of printing more of the monopoly fiat Money and put anearlier end to the inevitable.
      JEW-merica usually gets itself;f out by starting a War,the most recent one got spoiled by Russia.
      Time to take the War to the Homefront and kill good ol American Sheeple.
      My advise take out your Money and Bury it that no-one can take it away from you.

    • LightandLife

      Stupid nuts… if everyone takes their money out of the Bank they would indeed fail… you are fear mongers and don’t know half of what you are talking about.

      • Anonymous

        LightandLife

        Only read what you want? Read carefully and if you don’t understand then ask your friend to explain it to you.
        Second line in my reply above says:Quote :”t will speed up the process of printing more of the monopoly fiat Money and put an earlier end to the inevitable.
        Why wait and suffer …. Get it Moron.

      • Hard Salami

        banks are too big to fail.they will work a root called “bail in”…nhet savoots, the bank now owns your money.depositors are unsecured creditors.Celente toled me.

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