By Jamie Fagan

The G-20 countries are set to implement “Bail In” Banking policy! Where the banks become the “Robbers!”

Below is an excerpt from just one of many articles I’ve been reading lately on this topic.

“On Nov. 16, the G20 will implement a new policy that makes bank deposits on par with paper investments, subjecting account holders to declines that one might experience from holding a stock or other security when the next financial banking crisis occurs. Additionally, all member nations of the G20 will immediately submit and pass legislation that will fulfill this program, creating a new paradigm where banks no longer recognize your deposits as money, but as liabilities and securitized capital owned and controlled by the bank or institution.”

Here’s the link if you want to read the entire article: http://www.economicpolicyjournal.com/2014/11/warning-bank-deposits-will-soon-no.html

I have been religiously studying our economic/financial/monetary system over the last 8 years and have been anticipating that this would happen. Our economic/financial/monetary system is a complete scam and is nothing more than a legalized Ponzi scheme and as all Ponzi schemes eventually collapse under their own weight of fraud, lies and deceit, so will our economic/financial/monetary system! The “Powers That Be” know this is going to happen and the policies they are implementing this Sunday at he G-20 meeting in Brisbane, Australia are steps in preparation for that collapse!

The bottom line is that when the next big collapse occurs it won’t be the government bailing out the financial institutions, it will be people like us, the depositors who will be involuntarily bailing out the banks! The term “bank robbery” will take on an entirely different meaning! This is known as a “Bail In” and has already been tested in Cyprus on March 26th, 2013 and in Poland on Sept. 1st, 2013! It seems the tests were successful and so has been “green lighted” for the rest of the Western world!

I doubt this collapse will happen this year, in fact all indicators are pointing toward next Sept/Oct as the likely time for this collapse to happen. However, So called Black Swan or trigger events could occur at any time that could cause this collapse.

A lot of people are claiming that this “bail in” will only apply to bank accounts over $250,000. In a banking institution in crisis it may initially apply to accounts of 250K+. But in an institution in seriously deep trouble it can and WILL apply to ALL DEPOSITS! The FDIC is nothing more than an extortion racket set up by the Federal Reserve. How in the Hell can the FDIC ever insure bank accounts valued at over 9 trillion, with only 25 billion? See link: http://www.zerohedge.com/news/2013-03-19/us-deposits-perspective-25-billion-insurance-9283-billion-deposits-297514-billion-de

I’m not a financial adviser so I can’t give financial advise. I can only make a few suggestions/options.
Keep as much cash out of the banking system – in a safe, secure location – as you feel comfortable with. You’re not earning enough interest on a savings account to make it worth the risk of leaving it in the banking system.
If you are one of those people who are fortunate enough to have a large bank account, consider buying some gold and silver. They are on a fire sale now. I believe in 5 years from now people will look back and say, “I should have bought silver and gold in 2014!”
What about your IRA or 401k? That is a tough one. Who wants to pay the 10% penalty for early withdrawal? You’ll still have to pay the taxes, regardless of whether you withdrawal it now or when you retire. You’ve got to ask yourself this question, “Is it better to loose 10% of my retirement or potentially all of it?”

I’d love to get feed back from anyone, regardless of whether they agree or disagree with me. I’ll answer any questions as best I can, but like I said before, I am not a financial adviser and so cannot give financial advise.