MORE WARNING: Get Your Money OUT of U.S. Banks NOW !!!
Turner Radio Network
October 19, 2013 (TRN http://www.TurnerRadioNetwork.com) "Forbes"
magazine sounded the alarm first this week, now it's the "Economic
Policy Journal" telling readers to get their money OUT of U.S. banks.
"Forbes" informed its readers that the International Monetary Fund
(IMF) reported this month that sovereign debt is so bad, governments
should start planning for a one-time "capital levy" to seize a
percentage of all wealth: checking, savings, retirement, money market,
stock accounts and even a percentage of what the IMF calls the
"perceived equity" in all privately owned real estate! The IMF report
went on to point out that in order for this to work, governments must
stop people from moving their wealth out of the country. The "Forbes"
article is at this link:
The 'Forbes" article went on to point out that JP Morgan/CHASE Bank
responded by announcing it will start to limit cash withdrawals and
ban business customers from sending international wire transfers from
November 17 onward.
According to the "Economic Policy Journal" other banks, such as HSBC,
are starting to adopt similar restrictions. Starting October 20th,
HSBC USA?s Premier clients will have to wait a minimum of five days
before transferring funds to their OWN international accounts! The
Economic Policy Journal article can be read at this link:
http://www.economicpolicyjournal.com/2013/10/it-is-time-move-your-money-out-of-us.html
The simple fact is this: The federal government of the United States
is Bankrupt and cannot pay its bills without printing the money to do
so. As it prints more and more money, the value of all the REST of
the cash, goes down. Sooner or later, the cash becomes worthless and
the country implodes. Think the Wiemar Republic (Germany) before WW2.
International Investor Simon Black offers a suggestion to those of you
who think this is a joke. He says "Try this experiment:
Ring up your credit card company at the end of this month. Tell them
that you and your spouse can?t seem to reach an agreement about how to
allocate your monthly budget. So in the meantime, you have been forced
to shutdown your household? but you hope to be back on track in a few
weeks.
Chances are, they won?t take you seriously, but if they do, you can
bet your access to that credit card will be instantly suspended.
Yet for some reason, when the US Government does this, it is dismissed
as commonplace and benign.
Here?s a list of quotes we?ve heard from the TV talking heads over the
last week:
?We?re still the richest most powerful nation in the world.?
?It doesn?t matter, the bond market is going up.?
?The United States will never default.?
The hubris and arrogance here is amazing. And it just goes to show
that if you just repeat something over and over again, people will
believe it? no matter how absurd.
This is the basic premise behind propaganda. Start with an idea.
Inundate the population through constant repetition. And soon it
becomes the unquestionable truth.
To suggest that the United States is NOT the richest country in the
world, or that the government could default, is tantamount to
blasphemy. Yet, it is the undeniable truth.
It doesn?t matter that every objective scrap of evidence points to the
inevitable conclusion that the US government is going to have to
default on its obligations.
They could default on their obligations to foreign creditors? China,
Japan, the Gulf states? and risk a total collapse in the dollar?s
?value? internationally?
Or they could default on the Federal Reserve, rendering the central
bank insolvent, and risk an epic currency crisis?
Or they could default on domestic financial institutions and risk an
even bigger banking crisis?
Or they could simply default on their obligations to citizens by
curtailing Social Security and debasing the currency.
The only question is? who gets screwed?
Having this sort of public discussion, however, is considered
ludicrous and irrational. The propaganda is so effective that people
continue to believe in this fairy tale that America is the Land of the
Free and the richest country in the world.
Yet it?s this fairy tale that is ludicrous and irrational. Looking at
the data objectively, having a candid discussion, and getting your own
affairs together to withstand the inevitable fallout? this is the most
rational thing that anyone can do."
Mr. Black is correct. Financial disaster is looking you in the face.
What are you going to do to protect yourself and your family from the
government and banking vultures who are coming for your hard-earned
savings?
We suggest you consider taking a majority of your cash out of the
banks NOW. Buy some gold, some silver, put some cash in a safe in your
house. DO SOMETHING!
It is NOT our intention to cause a "run" on any bank. In fact, we
suggest you speak to a licensed, certified financial expert before
taking any action. This is email is sent only in the hope of alerting
you to POTENTIAL financial disaster - and showing you PROOF as to why
we believe one is coming -- so you can make an educated decision about
whether to keep ALL your money inside a Bank.