Friday, May 24, 2013

Who really owns the money in your savings account?...

hint: it's not you.

I know this is a holiday weekend and readership will be low - as it should be.  Spending time with family and friends is important.  If you are lucky enough to have three days off, spend a wee bit of that time reading a few of the articles I've linked, and discussing your future with your family.  As with everything you read, do your own research and "trust but verify."

In our household we believe in being prepared.  No - we don't have a gazillion years of food put away and haven't built a bunker.  We do have a nice pantry and if we are snowed in or the electricity goes off for an extended period (both have happened), we will be cozy, fed, and - most importantly, we will have coffee.

But what's going to happen to the people who have only stocked up with three cans of beans and a twelve pack of toilet paper?  Have you ever seen a grocery store after a major weather event is forecast?  It takes no more than a few hours for the store shelves to be emptied.  Suppose this event continued for several weeks or even months?

There is no doubt in our minds that things are not going well in this country, which is an understatement.  Is the possibility of an economic meltdown inevitable, bringing with it widespread unrest and riots?  Frankly, I don't know. People who are hungry do crazy things.   What I do know is that we'll be ready because it's the prudent thing to do.

From: Global Research:

No Bank Deposits Will Be Spared from Confiscation

I challenge anyone to prove me wrong that confiscation of bank deposits is legalized daylight robbery

Bank depositors in the UK and USA may think that their bank deposits would not be confiscated as they are insured and no government would dare embark on such a drastic action to bail out insolvent banks.

Before I explain why confiscation of bank deposits in the UK and US is a certainty and absolutely legal, I need all readers of this article to do the following:

Ask your local police, sheriffs, lawyers, judges the following questions:

1) If I place my money with a lawyer as a stake-holder and he uses the money without my consent, has the lawyer committed a crime?
2) If I store a bushel of wheat or cotton in a warehouse and the owner of the warehouse sold my wheat/cotton without my consent or authority, has the warehouse owner committed a crime?
3) If I place monies with my broker (stock or commodity) and the broker uses my monies for other purposes and or contrary to my instructions, has the broker committed a crime?

I am confident that the answer to the above questions is a Yes!

However, for the purposes of this article, I would like to first highlight the situation of the deposit / storage of wheat with a warehouse owner in relation to the deposit of money / storage with a banker.
First, you will notice that all wheat is the same i.e. the wheat in one bushel is no different from the wheat in another bushel. Likewise with cotton, it is indistinguishable. The deposit of a bushel of wheat with the warehouse owner in law constitutes a bailment. Ownership of the bushel of wheat remains with you and there is no transfer of ownership at all to the warehouse owner.

And as stated above, if the owner sells the bushel of wheat without your consent or authority, he has committed a crime as well as having committed a civil wrong (a tort) of conversion – converting your property to his own use and he can be sued.

Let me use another analogy. If a cashier in a supermarket removes $100 from the till on Friday to have a frolic on Saturday, he has committed theft, even though he may replace the $100 on Monday without the knowledge of the owner / manager of the supermarket. The $100 the cashier stole on Friday is also indistinguishable from the $100 he put back in the till on Monday. In both situations – the wheat in the warehouse and the $100 dollar bill in the till, which have been unlawfully misappropriated would constitute a crime.

Keep this principle and issue at the back of your mind.

Now we shall proceed with the money that you have deposited with your banker.  READ THE REST


Lord Monckton:   The dollar – and the USA – is toast

Peter Schiff:  2/3 of America to Lose Everything Because of This Crisis

SHTF Plan:   America’s Bubble Economy Is Going To Become An Economic Black Hole

Rolling Stone:  Everything Is Rigged: The Biggest Price-Fixing Scandal Ever

Family Security Matters:  The Cloward-Piven Plan to Destroy Governments

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