What on earth is a BAIL-IN?

In short, a bank bail-in means our deposited assets will be confiscated.  Period!  This is what bankers just did in Cypress last March and April (2013).  The banksters and IMF insist this illegal (in most countries) confiscation of depositor funds is a tax.  Isn’t that a sweet way to protect depositors?  The banksters, without any notification, shut down the Cypress banking system on a Friday night including ATM’s;  stole the deposits they wanted;  and said screw you very much with a big fat smile on Monday morning.

In my humble opinion, both bail-ins and bail-outs are internationally monopolistic, government sanctioned, organized criminal activities.  That said, I will grant you that bail-ins are slightly more fair in that only those having a banking relationship with the banks in question are robbed.  The bail-out program employed thus far in the U.S. applies a tax robbing all tax payers regardless of whether they have any relationship with the banks, which is even more outrageous.

Bail-ins work like this.  We deposit our funds in checking and or savings accounts at the local big five bank branch.  The bank manages its Elite, monopolistic, global business greedily, ineptly and discreetly approaches indigency (because we can’t say bankruptcy when discussing banks), which means they are insolvent, which is the current situation for most if not all large international banks; though the Globalist owned media doesn’t mention it; and though the Federal Reserve owners have already stolen we don’t know how many trillions of dollars through the U.S. Treasury to aid themselves and their insider bankster friends.

None-the-less, derivatives and other debt instruments are eating these humanity challenged, central banksters alive.  Since most banks are steadily approaching systemic insolvency and since our patriotic elected Representatives have determined that government sanctioned, government protected, international conglomerate monopoly banks are TOO BIG TO FAIL;  we the people have been and will continue to be fleeced with the full consent of Congress.

Dodd-Frank was supposed to end bail-outs, which is doubtful to the point of humorous, but it very astutely and carefully doesn’t touch bail-ins.  Just so you know, since 1934, banks are not subject to bankruptcy law.  11 U.S.C. § 109 excludes banks, some other types of financial institutions, railroads, insurance companies and other Federal and State regulated entities from being designated as debtors under the Bankruptcy Code.  Special laws govern the reorganization and/or liquidation of these types of companies.  I would, of course, call these unfair, unreasonable and highly discriminatory laws; government protected monopoly, but I’m not very open-minded regarding legalized theft.

Today’s brazen central bank owners and the elected government pawns who deceitfully represent the Elite instead of we the people now regard our bank deposits as their own private reserve of regulatory capital If you have any money to speak of, you may want to think about that.

Under the bail-in strategy all or some percentage of our deposits; or certainly deposits over some arbitrary amount, which happened to be 100,000 Euros in the case of Cypress, are subject to confiscation by the bank for their own use.  The thinking if we can call it that, at least from Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF) and many, many other Elite Globalists, is that when you deposit money in your bank account – you are actually an investor with the bank and therefore share in any investment risk and losses the bank may incur.  Of course, this stupidity has never been explained to us; and we certainly are not invited to share in bank profits, are we?  Our investment strategy under this IMF scenario is apparently to have our wealth stolen in bad times and earn absolutely nothing in good times; but then, isn’t this how all sophisticated investors get rich?

So when exactly might we expect this legally obnoxious bail-in scam to become popular in the U.S.?  According to commodities specialist Mr. Jim Sinclair, Chairman and CEO of Tanzanian Royalty Exploration Corporation; bail-ins no longer require a crisis to occur and may surface one bank at a time over a period of years.  TOO BIG TO FAIL is no longer valid.  Mr. Sinclair is advising his clients to be wary of a Great Leveling  likely beginning in August, 2014 and continuing through 2015.

We are now in the brave new world.  How do we defend ourselves in this new world?  I’m not financially sophisticated enough to answer this question so we’ll pass it along to Mr. Sinclair who suggests the following  in his July 17, 2013 MineSet email:

1.  It will likely be difficult to go international with your assets if you’re not already international.  Therefore, think very local, as in say small local banks that have not taken TARP or other bail-out money.

2.  Gold should be a good bet, especially at today’s prices.  Gold prices will be moving up to new highs.  {Think of gold as a savings hedge, protecting your purchasing power, not so much as an investment. – my words}

3.  The highest risk will be to deposits above insurance levels in banks too big to fail.  These deposits are directly in harm’s way.

4.  The next highest risk is retirement accounts, which are targets for the IMF and governments to secure as fonts of capital into which they can place sovereign paper.

If we trust our elected Federal Representatives to protect and/or defend as per their oath of office, we are foolishly setting ourselves up for enormous disappointment, not to mention government sanctioned theft of everything we have worked for all our lives.  Forget the FBI 10 Most Wanted folk.  The biggest threat to U.S. citizens in 2013 is the out-of-control Federal government of the United States.  Don’t forget that Marxist Obama, at the behest of his Elite handlers,  has been openly discussing the taking of 401 K’s and IRA’s for several years.  I suspect he’s not kidding.

We the people have ignorantly elected these integrity challenged Representatives.  Our apathy allows and encourages career politicians to serve the Elite who in turn bolster their corrupt careers and their private good fortune at the expense of both our freedom and our wealth.  It is time for us to grow up and vote as informed adults.  In the meantime, do your own research and determine how to best protect yourself, your families and friends.  We are all we have and we stand together or fail alone against a government gone wild and an international Elite gone completely and openly mad.

The smartest thing we the people could do for our freedom and good health is END THE FED and get rid of the 16th Amendment (Progressive Income Tax).

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s