In case you missed the announcement, Cyprus-style bail-ins are coming to a bank near you.
On November 16, leaders of the G20 Group of Nations – the 20 largest economies – made an important decision. The world’s megabanks now have official permission to pledge depositor accounts as collateral to make leveraged derivative bets. And if they lose a bet, the counterparty to the contract has first dibs on your money.
The governments of these 20 countries are now supposed to put these arrangements into law. Most, including the US, have already done so.
Thus, when you deposit money in a bank, you’re taking the same risk as someone buying a stock. Or, for that matter, betting on a horse named “Falling Star” at the local racetrack. Because, in effect, that’s what banks are doing with your money.
Get your assets out of the “too big to fail” banks – now. It’s only a matter of time before the SHTF.
Obozo and his administration have been lying to the American people ever since they took office and we’ve documented that. However, just like my Dad used to tell me, “When you tell a lie, you have to always cover it up with another lie… and then another and another and another, until eventually you don’t’ even know what the truth is.”
I think Barack Hussein Obozo has been engaged in so many lies, that he is has become a mentally ill, sociopathic liar and wouldn’t know the truth if it walked up and punched him in the face. Perhaps it’s time to invoke the 25th Amendment to deal with this guy since Congress can’t seem to find the intestinal fortitude to impeach him.
Given the bullshit that Japan’s political leaders spew day after day with no consequences, we suggest taking any ‘positive’ post-radiation-exposure news with a pinch of salt and remaining highly skeptical. If ‘experts’ can claim the Japanese economy is recovering when it enters a quadruple-dip-depression, then what hope for ivory tower nuclear scientists?
It is no coincidence that in the last few years so much information have been discovered about the timeline that God is on. The discovery of the blood red moons by Mark Biltz and the discovery of the effects of the Shemitah and the Jubilee years done by Messianic Rabbi Jonathan Cahn have put into perspective the nearness of the hour we live in to the Rapture of the Church, the start of the seven year tribulation and the second coming of Jesus.