How Your Bank Account WILL Disappear…(Read And E-Mail!!!)

Tuesday, April 14, 2015
By Paul Martin

ETFDailyNews.com
April 14th, 2015

Jeff Nielson: A little less than three years ago; a commentary was published which drew considerable attention: How Your Bank Account Could Disappear. The subject matter behind that piece was the institutionalized financial crime being committed at that time based upon the totally incomprehensible crime-euphemism “rehypothecation”.

The supposed justification, and precedent being established with this financial crime was to enable financial institutions to “convert” (i.e. steal) any financial assets in their possession, in order to cover their own (large) financial losses – losses generally arising from the reckless gambling in our “markets” which is now endemic amongst all such institutions.

In the case of rehypothecation; the legal justification for the crime was contractual in nature: account-holders who (unwittingly) entered into accounts where (in the legal, fine print) the institution holding these accounts was allowed to steal their assets, after it suffered financial losses in transactions to which these account-holders were not connected in any way.

The Rest…HERE

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