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Just reminding people to the fact that banks have nothing! Absolutely nothing no savings money no pension money nothing at all!

 
resistor
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User ID: 1337378
Belgium
08/19/2011 05:38 AM
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Just reminding people to the fact that banks have nothing! Absolutely nothing no savings money no pension money nothing at all!
I need to adress this issue because now since we are in the advent of having a depression people are wondering whether they should get their money out of the banks!

The answer is plain and simple YES and as quickly as possible they should leave a small portion as to not arouse suspiscion and for daily use.

But you better take more than 70% out of it.
And keep it in a safe or under your bed ect

Here is the reason why BANKS HAVE NO DEPOSIT GUARANTEES

Ask yourself why is it that banks go bankrupt the moment a fraction of their customers withdraws their money out of it?

That's because the bank is allowed to use 90% of your money and only keep a fraction for daily withdrawels.

Frankly i think in the west it's more than 90% because no one here in western countries ever expects a depression.

See the banks use that money and they call it investing they take the gains when shares go up and mitigate the losses since people don't need their money all at the same time!

Thus even when they make billions of losses they can still run the ponzi scheme succesfully they just have buy shares and make profits to balance their losses gain ratio.

But when even a small fraction of it's customers get's the idea of pulling out their money from those banks they go insolvent instantly because they couldn't possibly get the money they have invested since they used it on the markets to make profits for themselves.

So here is my adivice when you sense it's going down the gutter get your money as quicly as possible cuz only a fraction of their customers will be able to withdraw all their money.

Be sure to be among the first ones.

And be sure to use that money as it will be rendered worthless in a short peroid of time due to hyperinflation.
As the world surrenders to tyranny will you do the same thing?

Will you be able to stand your ground without faith?

Think about it!
Mr. Toppit

User ID: 1158998
United States
08/19/2011 06:05 AM
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Re: Just reminding people to the fact that banks have nothing! Absolutely nothing no savings money no pension money nothing at all!
They have the government FDIC guarantee, which means ....

Oops we're sorry, if we can find another bank to pick up the tab

you may, generally speaking, conditionally, if approved for a refund, get it back

by sometime or possibly never in the near or distant future.

tounge
resistor  (OP)

User ID: 1337378
Belgium
08/19/2011 06:10 AM
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Re: Just reminding people to the fact that banks have nothing! Absolutely nothing no savings money no pension money nothing at all!
They have the government FDIC guarantee, which means ....

Oops we're sorry, if we can find another bank to pick up the tab

you may, generally speaking, conditionally, if approved for a refund, get it back

by sometime or possibly never in the near or distant future.

tounge
 Quoting: Mr. Toppit


No they don't!

burnit

When people will go en masse to withdraw their money from the banks they will all go belly up.


As the world surrenders to tyranny will you do the same thing?

Will you be able to stand your ground without faith?

Think about it!





GLP