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Monday, May 16, 2016

All Your Deposit Account Money Is In Jeopardy But You Still Have Time To Go small "Credit Union."

In the next bank caused economic crash there will not be a government bail out of "to big to fail" entities.


Lately we have seen big banks lowering the amount of money needed to open accounts with them.

If you have cash in a US bank, you can expect to have the federal government take it all the next time US banks find themselves in trouble.

 The days of the federal government stealing money from taxpayers, or borrowing it from the Federal Reserve, to save troubled banks — as in they did in the 2008 crisis —is over.

“Bail-ins are coming to North America without any doubt, and will be remembered as the ‘Great Leveling,’ of the ‘great Flushing’.


Not only can it happen here, but it will happen here…It stands on legal grounds by legal precedent both in the US, Canada and the UK."

"When major banks fail, they are going to bail them out by grabbing the money that is in your bank accounts.

This is going to absolutely shatter faith in the banking system and it is actually going to make it far more likely that we will see major bank failures all over the Western world.”

 This news isn't exactly new, the monetary system is much closer to collapse and the bail-in is imminent. In fact, US banks presented the Federal Reserve with a bail-in plan to pay for large banks' restructuring in the event of a future crisis, which is now law...

Now there will be a "Bail in" with your funds!

What is it and how does it work?

Why bail in? And how! PDF

Get out of big banks now!

World wide bail in's are coming.

An economist says your money is not safe at the bank!




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Are you prepared for the coming economic collapse and the next great depression?


The collapse of U.S. financial markets sparked a stock market crash in 2008. You would think investors would’ve learned their lesson, but with global financial markets drowning in debt, the world is once again on the verge of a financial collapse in 2016. The coming financial collapse could be worse than anything seen before.

 Banks today are bigger and more opaque than ever, and they continue to trade in derivatives in many of the same ways they did before the crash of 2008, but on a larger scale and with precisely the same unknown risks.

 We can’t say when this will happen. 

We can’t say which bank or which particular instrument will trigger the debacle.

 What we can say with virtual certainty is that if we continue as now is that it will happen. 

Because the scale of the trading is larger, and because the depleted government treasures are not well placed for another huge bailout, the impact will be worse than 2008.

 The lack of transparency in derivative trading that now totals in notional amount more than $700 trillion. That is more than ten times the size of the entire world economy. Yet incredibly, we have little information about it or its implications for the financial strength of any of the big banks.

Wall Street doesn’t trust big banks

Wall Street already reflects its distrust of the big banks.

 Even after a run-up in the price of bank stocks this fall, many remain below “book value,” which means that the banks are worth less than the stated value of the assets on their books.

This indicates that investors don’t believe the stated value, or don’t believe the banks will be profitable in the future—or both.

The Derivatives Disaster

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"The banking system is closely regulated and monitored by central banks and other government agencies.

 But it has become common practice for banks to get around this by doing business in ways that don't show up on conventional balance sheets. 

This so-called shadow banking system is thought to be huge, but nobody knows exactly how big.

 Now three econophysicists have discovered that the size distribution of the world's largest financial firms significantly differs from the size distribution of smaller ones or indeed non-financial firms. 

And they hypothesize that the difference is the result of the hidden transactions that make up the shadow banking system. 

By this new measure, the shadow banking system has grown dramatically since the financial crisis and was worth over $100 trillion in 2012, significantly more than had been thought and more even than the GDP of the entire planet. 

Nothing to worry about, then."

***


 

I visited the dead sea around 1976 or so while on Calvary Chapel's very first Holy Land travel tour. 


Today the already Dead Sea is dying.

 No pun intended ...But

 The Dead Sea is known by many names: In Hebrew it is Yam Hamelach, the Salt Sea; in Arabic it is al-Bahr al-Mayyit, the Dead Sea and also Bahr Lot, Lot’s Sea.

 Spanning more than 60 miles through Israel, the West Bank, and Jordan, it sits 1,388 feet below sea level and is the lowest place on the surface of the planet.

 The belly button of the earth.

The appellation “sea” is a misnomer:

It is technically a lake at the end of the Jordan River.

Its waters are salty, not because they are seawater, but because there are no outlets, and untold quantities of minerals, including salt, have been deposited there.

 The Dead Sea, in fact, is more than 10 times saltier than the northern Atlantic Ocean, making it unable to support any life other than microbes.

The Jordan river takes in but it also gives out.

It is healthy.

The dead sea only takes in but gives nothing out.

Now it is dying.

A metaphor of life in the Holy Land.

Make your own application...
The Derivatives Disaster

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