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What Happens When The Bank's Fail And What Happens To Your Deposits?

Friday, June 14, 2019 21:22

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A while back I did an article on what will happen to your money if it’s in the BANK and a reset occurs. Nobody is sure how this reset will occur. Some say that the dollar value will be pegged to the assets of the Country. Some say the value of the currency will be based on the amount of gold a Country has. Most think we have far less gold than the money that is in circulation. Our dollar will be devalued. The only way to avoid this is with gold and silver.

We have some big problems since Trump ordered quantitative easing 4 yesterday. This, no doubt will cause hyper inflation. We are already 21 trillion in debt and another 21 trillion that can’t be accounted for. And that does not include unfunded liabilities such as Social Security retirement accounts etc. Puff, your bank deposits will vanish. The law has already been changed to reflect that as soon as you deposit your money in the bank it belongs to the bank. What this means is if the bank goes down your money is taken to pay off the debt’s of the bank.

Some will say but $250,000 is insured by the F D I C. Do you think thats true? Well it is sort of. If one reads the fine print you will find out that the `F.D.I.C. has ten years to return your money.

Fractional Reserve Banking is why you won’t get a dime.

quickonomics.com

Fractional reserve banking is a banking system in which only a fraction of bank deposits are backed by actual cash on hand and are available for withdrawal. This is done to expand the economy by freeing up capital that can be loaned out to other parties.Jan 17, 2019

The way the current laws are written if you deposit $100.00 the bank can lend out 90% or $90.00 of your money for mortgages, car loans, commercial loans, personal loans and whatever they choose. Tell me what happens if 10% of the bank customers go to the bank to withdraw there deposit’s? 90% of the bank’s customers will get an i.o.u.

At this very moment at least 5 aticles on this sight are talking about hyper inflation a recession bond failurers and bank collapses. One thing for sure you will be the last person to know.

Consider your options, I have written about a way to convert your retirement account ( IRA KEOGH etc. )to gold and silver with no penalty and you can hold the gold and silver in your possession. If you want to know who does this send a message. I would and do have gold and silver with enough money left in my account to pay monthly bills. Just my opinion but if you watch whats been said it’s going to get very ugly very soon. The dollar is up on the World market and the price of gold has gone up almost 12% in the last six months. This is very unusual since normally when the dollar shows strength the price of gold goes down.. If and when when a reset occurs and inflation takes off I would suspect gold to top $5,000 an oz. ìt’s said that the per cent returns on silver will be much higher. Silver is at $14.47 that is so low everyone should buy what they can. It is an industrial metal used in every cell phone and computer, medical equipment solar panels and on and on. A time will come shortly when precious metals will not be available. Jim Holter speaks often about not being able to source large amounts for his large customers. Get any cash out of the bank. If it turns out that Wells Fargo Bank’s ATM machines went down with no reason or explenation the chatter is that they have failed and has been taken over by the U S Government. No one knows but if this is the case it’s much sooner that later. Be safe be ready it’s no longer a question of if the question is when.

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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.

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