Author Topic: get out before the enemy of the rule of law takes it all  (Read 255 times)

virtuoso

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get out before the enemy of the rule of law takes it all
« on: March 21, 2013, 11:26:44 AM »
It's really simple people and I don't know why I deliver such messages on here when I also contribute on national/international forums but I do implore you at least to look into what I am conveying to you. Regardless of what perspective or political persuasion you hold, your money held in a bank is your money. Yet that was turned on it's head when the IMF demanded that savers receive  hsircut in other words had the vote passed they would have stolen from people's accounts. The fact that it was voted against is only the very start of this matter for 4 reasons firstly this criminal proposal was led by the IMF which means that essentially they have set a precedent. Secondly in New Zealand they are proposing that any major banking crisis will be paid for through again theft from the individuals accounts. Well then the solution is the deposit insurance you may reply but what is being proposed is that the insurance money be utilised to prevent the bank failure, okay, so when that is bled dry, there will be no deposit insurance because banking rules have been engineered to ensure that depositors are the last in line for any recompence. However let's suppose that this wasn't the case, suppose I got that aspect completely wrong, let's look at the decisive death blow to any notion of protection and that is take a rough guesstimate at the total sum of all deposits in the USA for instance. Now compare that to the deposit insurance fund which is sum 4  billion, this is les than 1% of the total deposits.
Now let's go further still; banks in Europe are leveraged 26/1 that means for every 26 euros deposited only 1 is held so a bank run is very eay to trigger if people panic as a response the amount you can withdraw per day is masively reduced and if you are not one of the first people you may be like the cypriot or the argentinians and realise that your bank has closed and the atm is not providing more notes.
While there is no panic going on in America, I would suggest that it makes sense to withdraw all but the minimum amount needed to pay the bills. The notion of security has now been shit upon, don't be a naive victim.
Peace
 

M Dogg™

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Re: get out before the enemy of the rule of law takes it all
« Reply #1 on: March 21, 2013, 11:38:31 AM »
I was thinking about all of that. Right now though, I am not as worried in the United States, though it's not like it can't happen here. In fact I'm waiting on it. We'll see.
 

J. B A N A N A S

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Re: get out before the enemy of the rule of law takes it all
« Reply #2 on: March 22, 2013, 08:30:39 PM »
My Grandpa lived through the great depression and when he died we found thousands in cash underneath his bed. He was a wealthy man, but the fact that what happened back then still made enough of an impact on him to not trust all his money to a bank had an effect on me. For every check I earn now, I put a small amount in cash aside in my safe.
 

Fraxxx

Re: get out before the enemy of the rule of law takes it all
« Reply #3 on: March 23, 2013, 02:51:37 AM »
Freezing the bank accounts so people can't withdraw their money is a nice touch. :D

Seriously though, my bank never sees my money, that goes straight into my pockets.
i don´t need any medicate shit im 100 normal.
 

virtuoso

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Re: get out before the enemy of the rule of law takes it all
« Reply #4 on: March 24, 2013, 12:09:05 PM »

Smart move Fraxx, I respond with a wry smile when I hear work colleagues say " you have an over reactive imagination" or "you are thinking too negatively" now. When I urge for this statement to be elaborated within the context of the subject, I am met with muted silence and kind of giggles under breath as if what I was saying was a total fabrication. It was akin to children giggle amongst themselves as a means of validation that their mindset is the correct group think one. I spelled it out for them that this was stealing and my manager replied it's not taxing David it's a tax and they owe them the money. I was going to respond again but then stopped myseld from doing so as I did not want this to become a political discussion at least not during work time.

Oh, I lied, one of the women at work said I don't know where all this debt comes from and when I pointed out to her that all currency is borrowed into existence I heard someone else sniggering like what I just stated was some kind of fantastical idea. There is such an unbelievable disconnect between the news and even having an inkling of what the implications are or even what is the substance behind the words uttered from the broadcasters mouth or written on the broadsheet, tabloid, whatever. They have set a precedent now, any one that doesn't take heed now is begging to get hurt.

Yet, I received a message a few days ago on a national forum deriding me for predicting incorrectly that the western world was about to get MF Global'd last year. How can I even respond to that level of retardation? okay, so my prediction was a year in front. I would love to say that the same prediction does not come to fruition in the next 2 years but I am not dumb enough to not be proactive.
 

Furor Teutonicus

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Re: get out before the enemy of the rule of law takes it all
« Reply #5 on: March 26, 2013, 01:57:59 AM »
It's really astonishing how many people refuse to see that the collapse is imminent.