World’s greatest pyramid scheme: How banks plot to seize your property and life

Tuesday, March 17, 2015
By Paul Martin

by: J. D. Heyes
NaturalNews.com
Tuesday, March 17, 2015

Here at Natural News, we have often advised our readers to diversify their assets, because in a time of economic crisis, it just doesn’t make any sense to keep all of your financial eggs in one basket.

One of the ways to accomplish diversification of your portfolio is to not put all of your assets into a bank. There are several reasons for this, not the least of which is because, when times get tough, desperate governments raid bank accounts, as our editor, Mike Adams, the Health Ranger, has documented in reporting on the beginning of the Greek economic collapse a couple years ago.

Another reason to keep some assets out of banks is because the banking system is fraught with risk — risk that becomes more pronounced when governments go rogue, currencies devalue and economies crash.

As the Modern Survival Blog noted regarding “fractional reserve banking” methods used by the big financial institutions:

The bank begins the pyramid scheme by taking your deposit (which you might think goes into the vault) and they loan most of it out. In fact, generally, with some variation, for every $1 dollar that you deposit, the bank will loan out approximately $10. In other words, the bank uses your deposits to loan out more (way more) than they have in reserves in order to make big profits. This is ‘Fractional Reserve Banking.’ The banks only keep a fraction of the overall money on hand.

Cyprus-like “bail-ins”

The Rest…HERE

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