THE MONEY IN YOUR BANK ACCOUNT WAS STOLEN THIS MORNING
by Dave Hodges
16 Nov, 2014
The headline is not a mistake. Yes, you can still go to the ATM and withdraw funds. You can take small amounts of cash out of the bank without the IRS seizing everything you own. However, because of new rules that went into effect this morning, your bank deposits have no insurance and it is a matter of time until they are stolen right from under your nose.
The G20 Just Stole Your Bank Account
With the G-20 summit coming up this weekend in Brisbane, Australia, it might be worth wondering if you can have too much money in the bank, or, whether you should any money in the bank at all!
As of this morning all nations belonging to the G20 will immediately submit and pass legislation that will fulfill a new investment program. This new program creates a whole new paradigm and set of rules whereby banks will no longer recognize your deposits as money.
Russell Napier is declaring November 16th as “the day money dies,” and this constitutes today’s Zero Hedge’s headline. According to Zero Hedge, Napier says the G-20 will announce “that bank deposits are just part of commercial banks’capital structure, and also that they are far from the most senior portion of that structure.” Pay close attention America this means that following a bank failure, “a bank deposit is no longer money in the way a banknote is.”