OUR DEPOSITS, PENSION FUNDS, ETC. VULNERABLE TO IMMEDIATE LOOTING ??!! – ANTIDOTES
SEPTEMBER 22, 2013
Massive and Increasing Public and Private Debt, $700 Trillion or perhaps as high as $1.2 Quadrillion in Derivatives (see bis.org) and the 2005 Bankruptcy Reform Act, appear to put our Bank Deposits, Pension Fund Assets and many other financial “Assets” at Greater Risk than ever before.
And for those U.S. Bank Depositors who think, for example, that FDIC Insurance will protect their Deposits consider that the FDIC’s Reserve Fund holds only $37.9 Billion, but the Total Insurable Deposits are $5.25 Trillion. And, as Ellen Brown points out, the “Bail-Ins” (i.e., Bank Deposit Confiscation) which Cyprus (and now it appears Polish) Depositors suffer, are arguably applicable worldwide via the Financial Stability Board’s “Bail-In Templates.”
The Fed’s refusal to even begin Tapering is ominous and indicates that Financial Armageddon may be closer than we think.
Worst of All, that Destruction could, at any time, be only hours, or minutes, away – read on.