Project Nsearch

God, Hope & Helping Others

MitoCopper.com Nsearch: Coolest Stuff on the Planet

Government Seizure of Money (Banks May Seize Your Money)

Here is a good article titled: Fed Vice Chairman Warns: Your Bank May Seize Your Money to Recapitalize Itself https://www.shtfplan.com/headline-news/fed-vice-chairman-warns-your... Here are a few excerpts:

At the height of the financial crisis in 2008 the U.S. government forced some of the countries largest banks to take “bailout” funds amounting to billions of dollars in order to keep them from going bankrupt. It was a move designed to not only keep too-big-to-fail financial institutions afloat, but one that would inspire confidence and keep American consumers spending. As a result, the last several years have seen stock markets reach record highs with Americans continuing to rack up personal debt for real estate, vehicles, education, and consumer goods as if the financial crisis never happened.

But the purported recovery may not be everything that government officials and influential financial leaders have made it out to be.

Recent comments delivered by Federal Reserve Vice Chairman Stanley Fischer suggest that not only are global and domestic economies still struggling, but the U.S. government itself is preparing financial contingency plans in anticipation of another widespread economic event.

However, this time around, according to Fischer, the government won’t be bailing out financial institutions in need of cash. Instead, failing banks will turn directly to their unsecured creditors when they need money. And within this context, that means you.

The United States is preparing a proposal to require systemically important banks to issue bail-inable long-term debt that will enable insolvent banks to recapitalize themselves in resolution without calling on government funding–this cushion is known as a “gone concern” buffer.

Though Fischer doesn’t detail exactly what “bail-inable long term debt” actually is, one only needs to look to Europe, namely Cyprus, to understand what he means.

When the Cypriot banking system collapsed because of an inability to service its debt in 2013, the government forced bank depositors to cover the debts. This led to banks forcibly seizing funds from depositor accounts in order to pay their debts.

According to the Fed Vice Chairman, the U.S. government is now proposing similar rules, following in the footsteps of Europe and Japan, who have already prepared such measures.

The bottom line is that financial, economic and monetary policymakers in the United States are fearful that another crisis, perhaps even worse than what we saw in 2008, is going to be playing out in the very near future. Otherwise, why would they find it necessary to take the drastic step of forcing bank depositors to act as a backstop for their financial institutions?

But this time around, it won’t be the government that bails them out directly. Instead, if you have an account with the bank, you are an unsecured creditor for that institution, just like the people of Cyprus were for their banks. And when that bank inevitably comes under pressure because of an inability to cover their debts, it is you who will become the bailout mechanism.

At the first hint of another crisis we’re going to see panic that will make 2008 look like a picnic. First, stock markets will sell off en masse across the world as a scramble to not be the last one out takes hold of investors. This, in turn, will lead to liquidity problems at major financial institution across the country. As banks run out of cash to cover the tens of billions of dollars they need to service their existing debt, they will turn to the new policies described by Stanley Fischer.

What this means is that one morning you could wake up and see ten or twenty percent of your funds transferred out of your account and exchanged for long-term debt (like a bond) with the promise that the bank will pay it back to you at a later date.

Are you beginning to see the problem in holding onto your money? Unsecured bank accounts!

Views: 38

Comment

You need to be a member of Project Nsearch to add comments!

Join Project Nsearch

Donate to the Nsearch ministry

Donate to the Nsearch ministry monthly at the $3, $5, $10, $25, $50 or $100 level.  All your donations are used to record the anointed Word of God and spread it worldwide!  Thank you for your support!  

Donate to our ministry one time or monthly in the amount you choose! All donations used for recording the anointed word of God!  Thank you for your support!

Visit Our Sponsors!

It is the Ministry of NSearch that all inherit the Kingdom of God

But if you are led by the Spirit, you are not under the law....

Now the works of the flesh are evident, 

which are adultery fornication, uncleanness, lewdness,

idolatry, sorcery, hatred, contentions, jealousies,

outbursts of wrath, selfish ambitions, dissensions, heresies, envy,

murders, drunkenness, revelries, and the like;

of which I (Paul the Apostle) tell you beforehand,

just as I also told you in time past, that those who 

practice such things will not inherit the kingdom of God. 

But the fruit of the Spirit is love, joy, peace, long-suffering,

kindness, goodness, faithfulness, gentleness, self-control,

against such there is no law. Those who are Christ's

have crucified the flesh with its passions and desires.

If we live in the Spirit, let us also walk in the Spirit.

Let us not become conceited, provoking one another,

envying one another.

Galatians 5:18-26

{Sorcery: "Pharmakia;" Primarily mentioned as one of the "works of the flesh." In "sorcery" the use of drugs. Blue Letter Bible. Galatians 5:20}

Nsearch Cool Gadgets

Russian Device Treats Diseases!

Get all the details on the Russian device and much more in my FREE ebook when you Sign Up for Project Nsearch and go to the Bonuses page when logged in!  Email glenn@nsearch.com if you have problems.

Donate to the Nsearch ministry monthly at the $5, $10, $25, $50 or $100 level.  Thank you for your support!  Also please join JesusHealingNow for more information on healing!

Donate to our ministry one time or monthly in the amount you choose!  Thank you for your support!

© 2019   Created by Glenn Canady.   Powered by

Badges  |  Report an Issue  |  Terms of Service