Get ready AMERICA (and England)... here comes the "haircut"!!!!

At the risk of repeating myself. A bank is a private company. You hand your money over to a private company for it to grow with THE KNOWN RISK THE BANK MIGHT FAIL. Everybody can hear that can they? This is nothing new we have always known this from when banks were first created. Ever heard of a run on a bank? That is when the bank goes bust and you lose all your money.

Governments have ring fenced, through the law, a certain level of savings so that most people don't lose everything. So if you have 2.5million to stash away put in 10 banks and it is safe. Again nothing new we have know about this since day 1. Only people with "proverbial" for brains would put all their money in single location. Morons like that deserve to lose their money.

Now why should private institutions be saved by taxpayers in a capitalist economy? They should be allowed to fail and the investors lose their money TOUGH THAT'S CAPITALISM. However, things being a little more complicated than that governments have decided to save certain institutions and have decided to use some of the investors capital to save the bank. I cannot see anything wrong with that.

If you wish to keep your money safe put in a safe!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

If you wish to have your money grow, even at pace with inflation, you have to accept the risk of losing it

+1
"Simples"
Rainbows
Jane

Originally posted by yorkshirelad
Governments have ring fenced, through the law, a certain level of savings so that most people don't lose everything. So if you have 2.5million to stash away put in 10 banks and it is safe. Again nothing new we have know about this since day 1. Only people with "proverbial" for brains would put all their money in single location. Morons like that deserve to lose their money.

Some, like businesses, do not have the option of spreading their bank deposits around so that all of them are protected by FDIC. There simply may not be enough banks around.

Also if a large bank goes under, FDIC cannot cover all the deposits insured by it, it simply doesn't have the money to cover all the insured accounts of a large bank. That is the reason for these measures to ensure that they do not go under.

Whether they "deserve" it or not, there is little else that can be done.

Originally posted by frazzle

Originally posted by OptimusSubprime

Originally posted by IntelRetard
This happens in almost every decade (banks going under). Check to see if your bank is FDIC insured. Even if it is you better have some money tucked away while the bank is annexed by another and the doors get reopened.

edit on 29-3-2013 by IntelRetard because: (no reason given)

I think this is all leading to a massive bank consolidation... eventually leading to one global megabank which will install a one world currency, probably digital

I think the BRICS countries, allegedly soon to include Indonesia and Iran, have seen the global megabanker's writing on the wall and have prepared ahead of time to make the great escape. If the US/UN plans to stop BRICS from leaving the dollar all at the same time it will be a lot worse than a financial haircut for Americans ~ more like a full blown world war. HERE.

The US doesn't have the men, the material or the money to win what they've already started overseas, or defend our own borders, much less fight off a cacophony of invaders in the "homeland". If the American people don't know how thin the military is already stretched you can bet that at least China and Russia have a pretty good idea and they aren't happy about bending over for the dollar anymore and less so for a one size fits all global monetary system.

two cents ~

I agree.

The BRIIICS this way come. What happens if Australia and New zealand were to join.... BRIIICSANZ would be unstoppable.

And look at this!
www.ibtimes.com...

America seems quite doomed. I have been so worried about them. Its keeping me awake at night thinking about what will happen to all those poor Americans still trapped in America when the USD loses Reserve Status.

My prayers are with you America.

edit- HA! Just kidding. Im sure we will send aid or something like that. Dont worry. Im sure everything will be fine..


edit- It sure does seem a worrying development that Australia is seeking to cut out the US Dollar in trade between Australia and China. I mean sure BRICS members are agreeing to direct trade deals but I thought America and Australia were friends? I guess money talks and [SNIP] walks. Keep walking America.

If Australia is looking to dump the USD in International Trade it wont be long before the rest of Americas 'friends' gets the guts.

Will Australia be the final nail in the coffin of America? Will Australia be the nation to create critical mass? Will Australia be the nation to break the back of America? The odds seem good.

Oi oi oi!

Originally posted by sasquatch5100

Originally posted by CaticusMaximus

Originally posted by OptimusSubprime

The FDIC is a fraud. They have $30 Billion and a $100 Billion credit line... to insure $10 TRILLION in deposits. I wonder how that will work out

So you are expecting a 100% thieving of all US deposits, by all banks, simultaneously? I find that highly unlikely as even being remotely possible.

Anyway, the point is, that the article says that UNSECURED deposits were what was at risk for being stolen, which I believe means money that is over the 250k insured limit. Which means that if you do NOT have over 250k in the bank, you are not at risk based on this specific development.

Ask the people of Cyprus if it's "remotely" possible. The ECB is talking about Italy and Spain being next also. If they take the money above $250K how much capital is left for your employer to employ you with then? After the Bolshevik Revolution in Russia the govt took everything and no one was left with anything. You should read about that because all this we're reading about now has been done before.

There's another website which did an interview with a medium sized IT company in Cyprus (So What's it like to be a company in Cyprus just now?). The company had 800,000 Euros in their business bank account. The IMF deal meant that 700,000 Euros of that was blocked to be reappropriated to the creditors. The company is left with 100,000 Euros. They can't pay their staff, accept new business or even supply existing customers. They have no option but to go bankrupt.

Originally posted by CaticusMaximus

Originally posted by OptimusSubprime

The FDIC is a fraud. They have $30 Billion and a $100 Billion credit line... to insure $10 TRILLION in deposits. I wonder how that will work out

So you are expecting a 100% thieving of all US deposits, by all banks, simultaneously? I find that highly unlikely as even being remotely possible.

Anyway, the point is, that the article says that UNSECURED deposits were what was at risk for being stolen, which I believe means money that is over the 250k insured limit. Which means that if you do NOT have over 250k in the bank, you are not at risk based on this specific development.

I agree.

The deposits over the 250k insured limit will be raided. The 1% control banked wealth of around 40% of the share of money...while the top 20% control around 85% - 90% of all wealth.

In other words, if you're are one of the 8 out of 10 who have the least, you're not going to be affected by this...alternatively, if you are stinking rich and part of the 20% wealthiest...i'd start getting used to being not so stinking rich.

Originally posted by OptimusSubprime

Originally posted by seeker1963
reply to post by OptimusSubprime

 

You know it, I know it, and we wonder why they want to take away our guns????

Most Americans are oblivious as to what is happening in the rest of the world though. They trust their government.

For the NWO to exist, one of the things they require is to do away with Nationalism. What does that mean? The United States gives up it's Sovereignty.

OH! The other thing? One religion for the world!! Hmmmmm, I wonder who will be God?

EXACTLY RIGHT... I couldn't have said it better

I have yet to hear about American gun owners saving people and themselves from government tyranny with their guns. People need guns to kill or protect themselves from other people not government agents. People are too stupid for guns.

Originally posted by CaticusMaximus

Originally posted by OptimusSubprime

They should also assign losses to shareholders and unsecured creditors in the group, thereby avoiding the need for a bailout by taxpayers.

Unsecured means above the FDIC insured limit, right? Someone correct that if its wrong.

Well I know that the little plaque at the bank window the last time I looked, said deposits were insured up to 250k.

I sure as hell dont have over 250k sitting around collecting dust in a bank hard drive...

... do any of you?

If not, you have nothing to worry about.

edit on 3/29/2013 by CaticusMaximus because: (no reason given)

until they have drained them and then move onto anyone with money in there period. we should all know by now that this is going to continue to degrade, it has no choice but to do so. i'm unsure what part of "we're going to secure your assets to save our asses" doesn't ring any bells for people.

Originally posted by yorkshirelad
At the risk of repeating myself. A bank is a private company. You hand your money over to a private company for it to grow with THE KNOWN RISK THE BANK MIGHT FAIL. Everybody can hear that can they? This is nothing new we have always known this from when banks were first created. Ever heard of a run on a bank? That is when the bank goes bust and you lose all your money.

Governments have ring fenced, through the law, a certain level of savings so that most people don't lose everything. So if you have 2.5million to stash away put in 10 banks and it is safe. Again nothing new we have know about this since day 1. Only people with "proverbial" for brains would put all their money in single location. Morons like that deserve to lose their money.

Now why should private institutions be saved by taxpayers in a capitalist economy? They should be allowed to fail and the investors lose their money TOUGH THAT'S CAPITALISM. However, things being a little more complicated than that governments have decided to save certain institutions and have decided to use some of the investors capital to save the bank. I cannot see anything wrong with that.

If you wish to keep your money safe put in a safe!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

If you wish to have your money grow, even at pace with inflation, you have to accept the risk of losing it

A run on banks is not when the bank goes bust and loses all of its money. A Bank Run is when the banks customers lose confidence in the bank and remove all of their money.

USA/IMF has already had a trial run on preventing Bank Runs. Now they just lock up your money so you cant get it. Will this be Americas solution in the future to a run on the dollar? A bit like the whole Nixon Shock thing hey?

It is depressing that peoplelike you defend the capitalist until your grave. But then I think how many socialists people like you must create. So you and your buds at the IMF keep it up hey. You are doing great things in a very round about kind of way.

Originally posted by Shadow Herder

Originally posted by OptimusSubprime

Originally posted by seeker1963
reply to post by OptimusSubprime

 

You know it, I know it, and we wonder why they want to take away our guns????

Most Americans are oblivious as to what is happening in the rest of the world though. They trust their government.

For the NWO to exist, one of the things they require is to do away with Nationalism. What does that mean? The United States gives up it's Sovereignty.

OH! The other thing? One religion for the world!! Hmmmmm, I wonder who will be God?

EXACTLY RIGHT... I couldn't have said it better

I have yet to hear about American gun owners saving people and themselves from government tyranny with their guns. People need guns to kill or protect themselves from other people not government agents. People are too stupid for guns.

you should read some history, it happened 1775-1783 and yep them guns saved a lot of people from a tyrannical government.

On a positive note, this is a good warning. Of things to come.

They do have our best interests at heart.

billionaires don't spend enough money for the trickle down system to work they have to be capped there has to be some way of stopping billionaires from hoarding that is and has always been the problem

reply to post by wemustbreakyou

I agree.

The BRIIICS this way come. What happens if Australia and New zealand were to join.... BRIIICSANZ would be unstoppable.

And look at this!
www.ibtimes.com...

America seems quite doomed. I have been so worried about them. Its keeping me awake at night thinking about what will happen to all those poor Americans still trapped in America when the USD loses Reserve Status.

My prayers are with you America.

edit- HA! Just kidding. Im sure we will send aid or something like that. Dont worry. Im sure everything will be fine..
edit on 30-3-2013 by wemustbreakyou because: (no reason given)

edit- It sure does seem a worrying development that Australia is seeking to cut out the US Dollar in trade between Australia and China. I mean sure BRICS members are agreeing to direct trade deals but I thought America and Australia were friends? I guess money talks and [SNIP] walks. Keep walking America.

If Australia is looking to dump the USD in International Trade it wont be long before the rest of Americas 'friends' gets the guts.

Will Australia be the final nail in the coffin of America? Will Australia be the nation to create critical mass? Will Australia be the nation to break the back of America? The odds seem good.

Yes and you've probably noticed that most of the countries that have been trade embargoed, invaded and looted by the US and NATO to date were merely trying to get off the dollar and trade with the gold dinar or a basket of currencies to make trade fair. That is Iran's crime, as well, and North Korea's too. If shock and awe wasn't a clear enough indication of what lengths the federal reserve and the MIC will go to to protect their interests I don't know what would make it any clearer.

Its going to take the cooperation of MANY nations besides those who make up the original BRICS to bring down this $Goliath$ because of his influence over the UN, IMF, WB, WTO, BIS and more, but the same would be true if BRICS gained international hegemony, it would just be a case of meet the new boss, same as the old boss. So until people stop looking to the UN to settle international issues, we'll never be free to decide how our individual countries will be governed.

reply to post by MysterX

In other words, if you're are one of the 8 out of 10 who have the least, you're not going to be affected by this...alternatively, if you are stinking rich and part of the 20% wealthiest...i'd start getting used to being not so stinking rich.

Doesn't that throw up an interesting question that perhaps the "stinking rich" are not really in control of things? After all, if they were, why would they create rules that impact them negatively while leaving the not-so-rich unaffected?

OH! The other thing? One religion for the world!! Hmmmmm, I wonder who will be God?

science.

its something they can control, as we've seen. scientists can easily be bought. results can be whatever they want

Originally posted by CaticusMaximus

Originally posted by OptimusSubprime

The FDIC is a fraud. They have $30 Billion and a $100 Billion credit line... to insure $10 TRILLION in deposits. I wonder how that will work out

So you are expecting a 100% thieving of all US deposits, by all banks, simultaneously? I find that highly unlikely as even being remotely possible.

Anyway, the point is, that the article says that UNSECURED deposits were what was at risk for being stolen, which I believe means money that is over the 250k insured limit. Which means that if you do NOT have over 250k in the bank, you are not at risk based on this specific development.

Reassuring words. Were the effected banks in Cypress insured?

reply to post by OptimusSubprime

I've stated this before - the bailout in '08 was already a haircut as our government handed the banks OUR MONEY - some which didn't even want to accept it but were required to. Then we further got another haircut when the markets receded, devaluing everything from equities to real estate. Others lost even more when they couldn't keep up with their mortgage payments and the banks took their homes. Now they have made it law they can just reach into our savings and take that too. This is just out of control

reply to post by OptimusSubprime


If they do, I say burn em all...

I am not even kidding. I am cool and level headed right now. Perfectly calm. Cold. If they do steal from us, and take what is ours, then we should end their ability to do so.

If the government sides with them, then they are our enemy. They too then are stealing form us. That is tyranny. Or what ever word you like.

You take my food, I will kill you so I dont starve. You take away my ability to feed myself and my family, and I will kill you so we dont starve.

It is undeniable basic instinct. Law or no law. If we are dead or made useless there is no good that law can do for us anyway.

They will not just take our savings. They will start a world war. Forget Korea, Iran and anyone else. We will burn this house down.

Originally posted by seeker1963

OH! The other thing? One religion for the world!! Hmmmmm, I wonder who will be God?

Whoever ends up in that fateful position will have been fed to largess
by way of robbery, taken from those of us who toiled and saved.

Till their end finally comes, and it will. I look forward to that day.

reply to post by CaticusMaximus


We've all seen that little sign; and it gives comfort...until TPTB change the rules. It used to be $100,000.00. Remember? I'm sure a more reasonable number, one that FDIC may possibly be able to honor, say $100.00,might be implemented. When the government is unable to bail out the banks (their masters), what makes you think there will be enough to cover the sheeples haircuts? Who knows for sure: "The bottom's the limit!"