You Think You Safe?...Lmao.

[Windship]

When the banks close, your savings and retirement will be gone as well. Your little bit of money dont mean shit to the elite. They will get your money too. But you dont see that, huh?

 

[Billy_Kinetta]

Eh?

 

[Windship]

Magna erit stridor dentium

 

[Manonthestreet]

When the banks close, your savings and retirement will be gone as well. Your little bit of money dont mean shit to the elite. They will get your money too. But you dont see that, huh?

Problem with that is when our paper money is worthless... so is theirs........

 

[Windship]

and he who cries the loudest is the biggest baby.

 

[owebo]

When the banks close, your savings and retirement will be gone as well. Your little bit of money dont mean shit to the elite. They will get your money too. But you dont see that, huh?

Tryptophan?

 

[Windship]

When the banks close, your savings and retirement will be gone as well. Your little bit of money dont mean shit to the elite. They will get your money too. But you dont see that, huh?

Problem with that is when our paper money is worthless... so is theirs........

and...

 

[Manonthestreet]

When the banks close, your savings and retirement will be gone as well. Your little bit of money dont mean shit to the elite. They will get your money too. But you dont see that, huh?

Problem with that is when our paper money is worthless... so is theirs........

and...

they might want to hide.......

 

[miketx]

When the banks close, your savings and retirement will be gone as well. Your little bit of money dont mean shit to the elite. They will get your money too. But you dont see that, huh?

 

[Billy_Kinetta]

When the banks close, your savings and retirement will be gone as well. Your little bit of money dont mean shit to the elite. They will get your money too. But you dont see that, huh?

Tryptophan?

Later.

 

[Windship]

@ windship Mod Edit -- Posts without links and that don't adhere to "fair use" will be deleted. I fixed this one for you.

The Bail-In: How You and Your Money Will Be Parted During the Next Banking Crisis - San Diego Free Press

The Bail-In: How You and Your Money Will Be Parted During the Next Banking Crisis

JANUARY 6, 2015 BY JOHN LAWRENCE

By John Lawrence

There will be no more taxpayer bailouts for the Big Wall Street banks. That much has been established by the lobbied to death Dodd-Frank banking reform (yeah, right) bill.

However, instead of taking money from the government (taxpayers), the principal has been established that the next source of money for profligate banks will be your deposit accounts. Yeah, that’s right, the money to stabilize the banking sector during the next crisis will come out of your savings and checking accounts.

To add insult to injury – since the banks pay you zero percent on your savings account in the first place – the banks have the right to confiscate your funds if they crash the economy again as they did in 2008. Remember the Great Recession? It’s coming again to a bank near you.

How can they do this, you ask?

Simple. When you deposit money in a checking or savings account, that money no longer belongs to you. Technically and legally, it becomes the property of the bank, and the bank just issues you what amounts to an IOU. As far as the bank is concerned, it’s an unsecured debt.

The way Dodd-Frank has managed to screw things around, derivatives (bets banks have made in the Wall Street casino) have priority over your checking and savings accounts when it comes to paying off their debts. And don’t think that the FDIC (Federal Deposit Insurance Corporation) will save your money. The assets of the FDIC are minuscule (in the billions) compared to the valuation of outstanding derivatives (in the trillions). Your deposits are protected only up to the $250,000 insurance limit, and also only to the extent that the FDIC has the money to cover deposit claims or can come up with it.

ail-in . . . is a statutory power of a resolution authority (as opposed to contractual arrangements, such as contingent capital requirements) to restructure the liabilities of a distressed financial institution by writing down its unsecured debt and/or converting it to equity. The statutory bail-in power is intended to achieve a prompt recapitalization and restructuring of the distressed institution.

Pension funds, which were the biggest suckers for Wall Street during the last banking crisis, will also be drained by Wall Street during the next one. Their funds will be subject to confiscation as bail-ins as well since many of the bonds they purchase are subject to being converted to bail-inable deposits if the banks really need the money which they no doubt will sooner or later when the derivatives bubble goes bust.

So taxpayers you can sleep soundly as taxpayer bail-outs have been taken off the table in the next banking crisis. Whew, that’s a relief.

Shortened for "fair use"..

 

[Windship]

lol

 

[Windship]

Show me how you bail out a 553 trillion usd derivatives bubble when the entire world GDP is only 78 trillion usd's.

 

[Windship]

How do you think the banks will avoid losing?

 

[blackhawk]

Yes I think I safe.

 

[Toddsterpatriot]

When the banks close, your savings and retirement will be gone as well. Your little bit of money dont mean shit to the elite. They will get your money too. But you dont see that, huh?

The banks closed Wednesday night. My savings and retirement are still there.
When the banks open Friday morning, my savings and retirement will still be there.

 

[Toddsterpatriot]

Show me how you bail out a 553 trillion usd derivatives bubble when the entire world GDP is only 78 trillion usd's.

Why are you worried about the notional value of derivatives?
Is it because you don't know what notional means?

 

[Jomama]

Banks close all the time and there is an orderly process administered by the FDIC. Troll