“How USA’s Dodd-Frank was changed to steal your money” and the Move to do so is Global.
I first wrote an article on Dodd-Frank last year. It was a cursory piece to let people know that when they deposit their cash in a bank, they give up that possession.
Depositors become ‘unsecured creditors’ and banks become the owners of your cash.
Reproduction of that short piece is below. Why revisit this now? I’ve been warning friends and family a bail-in will be triggered sooner or later. A video has emerged warning us that a bail-in may be happening soon. Watch it after reading:
How Dodd Frank Was Changed to Steal Your Money
Dodd-Frank was put into force after the 2007/2008 banking crisis. The original intent was to keep banks from becoming too big to fail. [Many of us can see how well that worked—I mean the big part…]
The article below gives you some history, but it doesn’t tell the whole story.
How The Dodd-Frank Act Protects Your Money
.
As with many laws, industry pokes and pokes our legislators to tweak laws to benefit them. Government has thrown off the robe of responsibility and thrown us to the wolves once again.
Dodd-Frank has been changed to provide for “Bail-ins” rather than “Bail-outs.” What that means is that when you, the bread-winner, deposit your hard-earned cash or paycheck in a bank, it no longer belongs to you. You become the unsecured creditor and the bank now owns your income.
See the article below:
.
“Ellen Brown, Contributor
Ellen Brown is an attorney, Founder of the Public Banking Institute, and author of twelve books including the best-selling Web of Debt.
It Can Happen Here: The Confiscation Scheme Planned for US and UK Depositors
04/03/2013 11:11 am ET Updated Jun 03, 2013
Confiscating the customer deposits in Cyprus banks, it seems, was not a one-off, desperate idea of a few eurozone troika officials scrambling to salvage their balance sheets. A joint paper by the U.S. Federal Deposit Insurance Corporation (FDIC) and the Bank of England dated December 10, 2012, shows that these plans have been long in the making; that they originated with the G20 Financial Stability Board in Basel, Switzerland (discussed earlier here); and that the result will be to deliver clear title to the banks of depositor funds. New Zealand has a similar directive, discussed earlier here.
Few depositors realize that legally, the bank owns the depositor’s funds as soon as they are put in the bank. Our money becomes the bank’s, and we become unsecured creditors holding IOUs. (See here and here.) But until now, the bank has been obligated to pay the money back as cash on demand. Under the FDIC-BOE plan, our IOUs will be converted into “bank equity.” The bank will get the money and we will get stock in the bank. With any luck we may be able to sell the stock to someone else, but when and at what price? Most people keep a deposit account so they can have ready cash to pay the bills.”
.
Wages have plummeted in past decades. It’s hard for many to make ends meet. Just imagine going for groceries to feed your kids and having your card declined so a bank you trusted can try to save itself from its bad decisions.
.
Michael Lazar, Contributor
Contributor, NowItCounts.com The Destination For Americans 50+
Too Big To Fail Banks Can Keep Your Money If They Fail
03/25/2016 10:13 am ET Updated Dec 06, 2017
Can too big to fail banks really take your money if things go sour and leave you screwed without access to your cash?
The short answer: without the proper regulation in place (which is currently not in place), is: YES.
A bank rescue scheme that led to one man killing himself after losing over $100,000 is already testament to it. In his suicide note, the man explained that after being a customer of the bank for 50 years, and investing in bank-issued bonds, he was relieved of his investments thanks to a hidden clause that saw him and 130,000 shareholders and bondholders left hung out to dry so the bank could stay afloat.
The bank in question was already in rescue mode, and in order to tap into a specially created rescue fund, it had to meet the requirements of the wealthier banks that would be providing the funds. However, before these funds can be accessed, the bonds are first tapped, at the loss of any said bond or shareholder.
BBC explained this method as a “bail-in.” In plain English, that means that bondholders got screwed because the bank they trusted failed. Newer EU laws basically say that losses must be forced on bondholders and depositors who have more than €100,000 on tap.
In a worst case scenario, banks that fail in the EU, under the proposed laws that take effect this year, mean that over a million savers could be stiffed.
Your Money Becomes The Bank’s
Don’t like banks? The government doesn’t like you. If they catch you with large sums, they can take your savings, too.
.
The Government Can Take Your Money for No Reason
.
Had enough? But wait—there’s more…
Martin Armstrong of Armstrong Economics answers a reader’s questions here:
.
.
It appears we will not be able to escape the carnage as the world’s 8,000 elite dictate we can no longer use physical currency. We will be forced to place our funds in the wolves’ den—Banks or worse still—what big tech has in store for us…
But this is not about cash—this is about controlling your cash.
Remember what I said about the virus?
This is not about a virus—it’s about control
Yes everything you’re experiencing now is about controlling your lives, your body, and your income.
Welcome to Slavery
*******************************************************************************************************
So there it is—or was—the article I wrote last year. Here is the video I stumbled across yesterday:
https://www.bitchute.com/video/LGxWvycgzTVW/">2021 MAY 31 BANK OF IRELAND BAIL-IN KICK OFF 06 AUG; GOING TO SEIZE YOUR MONEY TO BAIL-OUT BANKS
https://www.bitchute.com/video/LGxWvycgzTVW/
4CM DISCLAIMER: in publishing this DOES NOT MEAN 4CM is VERIFYING the VERACITY OF THE CONTENT. We are just making you aware of Data. That has been Dropped on the net. to enable facilitate healthy investigations of the truth, which our reader/viewers maybe pursuing
OUR RESEARCH TODAY FOUND THESE INDICATORS:
EDITORIAL: 2021 MAY 08 Bank of Ireland paves way for negative rates on accounts with over €1m: Bank to contact personal customers affected but vast majority unaffected by policy change.
By IRISH TIMES Joe Brennan URL: Sat, May 8, 2021, 07:01
.
More Links below. Now some of you are going to think to yourself ‘some of these articles are old—2013.’ But these things can’t be done overnight. It takes planning and time to put the bricks-and-mortar into place:
H. R. 4173
.
Banking Regulation of UK and US Financial Markets
.
On Claims Of Depositors, Subordinated And Creditors And Central Banks In Bank Resolutions
.
Resolving Globally Active, Systemically Important, Financial Institutions
.
.
.
Default DHS writes to Banks: May inspect safe deposit boxes & seize contents w/ no warrants
.
Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use.
in Truth
Articles from Joyce 🐝 Bowen Brand Ambassador @ beBee
View blogAs an investigative journalist, you hear about things—and things—and things… · Many of them are hard ...
I have a story to tell. · We all do. · I sought to live a life of obscurity. · I’ve always downplaye ...
L'holocauste ne s'est jamais terminé. Il n'était pas silencieux. Vous avez ignoré nos cris. · Je sai ...
You may be interested in these jobs
-
Estimator
Found in: One Red Cent US C2 - 2 days ago
Kimmel & Associates Middlesex County, United StatesAbout the Company: · For over 100 years, our client has established an unmatched reputation for professionalism. They take great pride in delivering highly technical mechanical systems on time and within budget. Today, they are responsible for designing and installing advanced me ...
-
Yard Associate
Found in: One Red Cent US C2 - 1 week ago
Sunbelt Rentals, Inc. Houston, United StatesJoin Our Team · Sunbelt Rentals strives to be the customer's first choice in the equipment rental industry. From pumps to scaffolding to general construction tools, we aim to be the only call needed to outfit a job site with the proper equipment. Not only do we offer a vast fleet ...
-
Area Assistant Kitchen Manager
Found in: Lensa US Remote C2 - 5 days ago
Marcus Corporation United States Remote jobJob Description Area Assistant Kitchen Manager - MKE Market **Your Future Responsibilities** : * Oversee and supervises daily line operation; · Responsible for overall preparation all food items for banquet and restaurant use according to standard recipes; · Visually inspects a ...
Comments