How Banks STEAL Your Money with help from the Government
We all know the banking cartels always act in the interest of themselves first and foremost.
In fact when someone says the word ‘banker’ – does an image similar to this pop in your head?
All jokes aside though – as much as we hate to admit it, the banks are in bed with the government and although the government tells the banks to “treat people fairly,” they both continue to steal your money, while greedily taking money from you (via the government, banking fees and your tax dollars) at the same time.
This is why many banks are now “too big to fail” and have such powerful lobbies that regulation is not even on the table.
The result is that banks can use your money to be as reckless and risky as they want, and if anything goes wrong, they can count on your deposits and tax payer money to come to the rescue. And on top of that, they also get some annual government subsidies, just for being who they are.
3 Ways the Banks Legally Steal Your Money
1) You deposit funds.
This is the cold hard truth the banks don’t want you to know…
Once a banking customer deposits their money into an account with a bank, the funds become property of the bank.
Yes – you heard that right.
The customer, at the point of deposit, relinquishes all rights to that money regardless of any laws in place, legal assurances, claims or guarantees; and this extends from investments to private checking accounts. Essentially, once your deposit money in your bank account it is GONE.
2) The Banks Go Into Default or Rescue Mode.
If the bank fails and needs to tap into a rescue fund, your money is the first thing that goes out the window before they are allowed to access any bail-in funds.
So if the bank is in ‘rescue/default’ mode – it really isn’t going to matter much if the bank was FDIC insured or not. This is especially true if the bank is in default due to an economic collapse where multiple banks may be in the same situation at the same time.
Enter the Dodd-Frank Act…
This 10,000-page law was established in 2010. It was supposed to prevent these types of bailouts from encumbering the taxpayer by forcing the banks to liquidate anything and everything to pay off bad debts, including your money in a deposit account or bond.
However, like so many other well-intended legislatures – it was influenced by too-big-to-fail banksters, who managed to get crafty legalese language added that protects them and screws the depositor.
Curious if this bad banking behavior is upheld in court?
Unfortunately, it is. Florida was a great example of this during the 2008 banking and housing crisis when the then AG Pam Bondi allowed banks to get away with property and banking fraud.
In 2007, the Sentinel Management Group (SMG) collapsed, leaving many customer segregated funds lost after they had been used as collateral. After a plethora of lawsuits and creditor claims, a decision earlier this month in the 7th Circuit Court placed the banking cartels ahead of customer claims for funds returned.
Essentially, the Bank of New York Mellon (BNYM) sued to be first in line for return on stolen customer account monies – and won the right by the US court system. In the mainstream media (MSM), the SMG collapse and subsequent ruling in favor of BNYM was touted as “a difficulty for customers to recoup money lost”.
Imagine having your life saving wiped out and the bank just gives you one of these…
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| 3) High Interest Rates It’s no secret that interest rates can often add up to more than the original amount borrowed (sometimes MANY times over!) Bank loans, mortgages, credit cards and cash advance programs all tend to have the highest interest rates. While you can take advantage of low and 0% introductory rates – when it comes to a bank credit product it’s safe to assume you’ll be paying an additional 10-30% in interest on the amount borrowed. What Should You Do Instead?You could slowly withdraw your money from the bank and move it into a smaller credit union with an insurance plan, but it’s still not the most secure… The best thing you can do to keep the value of your money… Is to slowly transfer most of the money you have in the bank and buy gold and silver, then protect those metals (and everything else) with a Bulletproof Trust. |
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| Don’t wait until your bank goes into default and “Freezes your account until further notice.” NOW is the time to start moving your money OUT OF YOUR BANK & into real assets. We almost forgot – in Section 4 of Bulletproof Trust Secrets – we show you a SUPER SIMPLE way to legally avoid income taxes like the elites do it. *This section ALONE is worth the entire price of the program! |
| Your friends in finance, Private Wealth Academy |
